PNC Infratech Limited has announced the cessation of Mr. Subhash Chander Kalia as a Non-Executive Independent Director, effective August 6, 2026. This change is in compliance with regulations regarding directors attaining the age of 75 years. Mr. Kalia also ceased to be a member of the Nomination & Remuneration Committee. The company has appointed Mr. Naresh Kumar Jain to the committee in his place and expressed gratitude for Mr. Kalia’s contributions.
Board Composition Update
PNC Infratech Limited has formally notified the cessation of Mr. Subhash Chander Kalia from his position as a Non-Executive Independent Director. This change is effective from August 6, 2026. The cessation is due to Mr. Kalia reaching the age of 75, in line with regulatory requirements concerning director tenure limits.
Committee Changes
Concurrently with his director role cessation, Mr. Kalia has also stepped down from the Nomination & Remuneration Committee of the Board. The company has initiated a process to fill this vacancy. By way of a resolution passed by circulation on August 6, 2026, Mr. Naresh Kumar Jain, another Non-Executive Independent Director, has been appointed as a member of the Nomination and Remuneration Committee.
Appreciation for Service
PNC Infratech Limited has extended its sincere appreciation to Mr. Subhash Chander Kalia for his valuable services, guidance, and experience during his tenure as an Independent Director. The company acknowledges his significant contributions to the board’s deliberations and strategic direction.
Disclosure Compliance
The necessary disclosures as mandated by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been made. These include details pertaining to the reason for the change, the effective date, and Mr. Kalia’s directorship status. An annexure providing these details is attached to the official communication.
Source: BSE
