PNB Housing Finance has appointed Dipankar Mahapatra as an Additional Director (Non-Executive Nominee Director) effective February 5, 2026. This decision follows the recommendation of the Nomination and Remuneration Committee and is subject to required regulatory approvals. He replaces Dilip Kumar Jain, who resigned from the board. The board meeting occurred on February 4, 2026, concluding at 4:05 P.M. (IST).
Board Restructuring
The Board of Directors of PNB Housing Finance approved the appointment of Dipankar Mahapatra as an Additional Director, categorized as a Non-Executive Nominee Director, effective February 5, 2026. This appointment comes after a recommendation by the Nomination and Remuneration Committee. The company stated that Mr. Mahapatra isn’t debarred from holding the position of a director by any regulatory authority.
Director Resignation
The board noted the resignation of Dilip Kumar Jain from his position as a Non-Executive Nominee Director. This became effective February 4, 2026. Mr. Jain’s resignation occurred following Mr. Mahapatra’s appointment as a nominee director for the Promoter Bank.
Dipankar Mahapatra’s Background
Dipankar Mahapatra is a General Manager at Punjab National Bank, in the Corporate Credit Division. He joined the bank in December 2010. He holds an MBA in International Business from the Indian Institute of Foreign Trade (IIFT). He also holds certifications in Risk in Financial Services, Corporate Agency (Composite), and the Credit Officer Course.
Meeting Conclusion
The Board Meeting was held on February 4, 2026, commencing at 1:45 P.M. (IST) and concluding at 4:05 P.M. (IST).
Source: BSE
