PB Fintech Limited announced that its Independent Directors, Mr. Kaushik Dutta and Ms. Lilian Jessie Paul, have completed their initial terms on June 18, 2026. Citing current professional and personal commitments, they have chosen not to seek reappointment for a second term. Consequently, they have ceased their roles as Independent Directors, with Mr. Dutta also stepping down as Chairperson of the Audit Committee.
Board Composition Update at PB Fintech
PB Fintech Limited has formally notified the stock exchanges regarding changes in its board composition. Mr. Kaushik Dutta (DIN: 03328890) and Ms. Lilian Jessie Paul (DIN: 02864506), who have been serving as Independent Directors, have completed their first term of office on June 18, 2026. Due to existing professional and personal commitments, they have expressed their inability to continue for a second term.
Cessation of Directorships and Committee Roles
As a result of completing their initial terms, both Mr. Dutta and Ms. Paul have ceased to be Independent Directors of the Company effective from the close of business hours on June 18, 2026. Following this change, Mr. Kaushik Dutta has also stepped down from his position as the Chairperson of the Audit Committee and as a Member of the M&A and Investment Committee. Similarly, Ms. Lilian Jessie Paul has concluded her roles as a Member of the Stakeholders’ Relationship Committee and the Corporate Social Responsibility Committee.
Appreciation for Contributions
The Board of Directors and the Management of PB Fintech Limited have extended their sincere appreciation to Mr. Kaushik Dutta and Ms. Lilian Jessie Paul for their valuable contributions, guidance, and services during their tenure as Independent Directors. The company acknowledged their significant role in the company’s journey.
Regulatory Disclosures
The necessary disclosures, as mandated by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the relevant SEBI circulars, have been furnished and are enclosed as Annexure-A and Annexure-B. These documents provide detailed information regarding the changes in directorships and committee memberships.
Source: BSE
