Power Finance Corporation (PFC) has announced that its Board of Directors has approved the withdrawal of its nominee director from the Board of PTC India Limited (PTC). The decision, made during a meeting held on February 6, 2026, also includes the relinquishment of all promoter rights as outlined in PTC’s Articles of Association. This change is contingent upon regulatory and statutory compliance.
Directorate Change at PTC India
The Board of Directors of Power Finance Corporation (PFC) has approved the withdrawal of its nominee director from the Board of PTC India Limited (PTC). This significant decision was reached during a board meeting on February 6, 2026.
Relinquishment of Promoter Rights
In conjunction with the director withdrawal, PFC will also relinquish all promoter rights pertaining to PTC India Limited, as stipulated in the Articles of Association of PTC. The implementation of these changes remains subject to adherence to all relevant regulatory and statutory compliances.
Source: BSE
