The Board of Directors of PNB Gilts Limited appointed Amit Kumar Srivastava as a Non-Executive and Non-Independent Director on August 7, 2026. The appointment follows a nomination request from Punjab National Bank (PNB), the company's promoter, and requires subsequent approval from the Reserve Bank of India (RBI) and shareholders. This move aligns with the RBI’s governance directions for non-banking financial companies. The Board also approved the notice for the 30th Annual General Meeting (AGM) and set the record date for the final dividend of financial year 2025-26.

The appointment is effective from the later of the dates when RBI or shareholder approval is received. Srivastava’s tenure will continue until he ceases to hold the position of Executive Director at PNB or until further orders from the Government of India, whichever is earlier. The decision was made in accordance with the Reserve Bank of India (Non-Banking Financial Companies - Governance) Directions, 2025, and relevant RBI letters dated December 05, 2023, June 19, 2025, January 29, 2026, and March 13, 2026.

Key Board Decisions

Srivastava brings over 31 years of banking experience to the board. He is currently an Executive Director at PNB, having previously served as Group Chief Risk Officer. He holds a postgraduate degree in Computer Science from Banaras Hindu University and is a Certified Associate Member of the Indian Institute of Bankers (CAIIB). His other qualifications include certifications in MSME, Risk in Financial Services, Professional Risk Manager, and Sustainability and Climate Risk from GARP (USA). He also serves as a Director at India Infrastructure Finance Company Limited (IIFCL) and Chairman of the Governing Board of National Institute of Banking Studies & Corporate Management (NIBSCOM).

The company confirmed that Srivastava is not debarred from holding office by any SEBI order or authority. He is not related to any other director of PNB Gilts Limited. The appointment was recommended by the Nomination and Remuneration Committee.

What This Means for Shareholders

Shareholders must approve the appointment during the upcoming AGM. The record date for determining eligibility for the final dividend of FY25-26, if declared by members at the AGM, is set for September 21, 2026. Any dividend declared will be paid within 30 days of the declaration date. The AGM will be conducted through Video Conference or Other Audio-Visual Means (VC/OAVM) as per Ministry of Corporate Affairs and SEBI circulars.

PNB Gilts Ltd successfully conducted a one-on-one analyst meet with Canara Bank Securities Limited on July 20, 2026. The interaction was held physically at the Mumbai office of Canara Bank Securities Limited from 11:00 a.m. to 2:15 p.m. The company confirmed that no unpublished price sensitive information was shared or discussed during the meeting.

Meeting Details

The interaction was conducted pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific details of the event are as follows:

The update was submitted to the National Stock Exchange of India Ltd and BSE Limited on July 20, 2026. Monika Kochar, Company Secretary & Compliance Officer of PNB Gilts Ltd, signed the intimation.