PTC India announces the resignation of Independent Director, Arabandi Venu Prasad, effective November 13, 2025. Prasad resigned due to his appointment as a Member (Technical) of the GST Appellate Tribunal, which is a full-time role. The company has confirmed that there are no other material reasons for his departure beyond the stated reason. His resignation letter is included as an annexure.
Independent Director Departure
Arabandi Venu Prasad, Independent Director (DIN: 01054227) of PTC India, has tendered his resignation from the Board. The resignation is effective from November 13, 2025, as stated in his letter dated November 13, 2025.
Reason for Resignation
According to the announcement, Prasad’s resignation stems from his recent appointment as a Member (Technical) of the GST Appellate Tribunal. This new role requires a full-time commitment, making it impossible for him to continue his duties as an Independent Director at PTC India. He confirmed there were no other reasons for his resignation.
Company Statement
PTC India acknowledged Prasad’s resignation and stated that his reasons were fully disclosed in his resignation letter. The Company has accepted the resignation and wishes him well in his new role. A copy of the resignation letter is included in the filing.
Source: BSE
