Power Finance Corporation Ltd. (PFC) announced on February 6, 2026, that its Board of Directors has approved the withdrawal of its Nominee Director from the Board of PTC India Limited. Concurrently, PFC will relinquish all promoter rights as outlined in the Articles of Association of PTC India Limited, subject to necessary regulatory and statutory compliances. This decision was made pursuant to an Office Memorandum dated January 16, 2026, from the Ministry of Power (MoP), Government of India. The Board meeting, where this proposal was considered and approved, commenced at 2:30 p.m. and concluded at 3:58 p.m. on February 6, 2026. The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
