PNB Gilts Limited Receives RBI Approval for Appointment of Smt. Anju Mittal as Additional Director

PNB Gilts Limited has successfully obtained regulatory approval from the Reserve Bank of India for a key board appointment, marking an important milestone in the company's governance structure. The approval relates to the appointment of Smt. Anju Mittal as Additional Director in a non-executive and non-independent capacity.

Board Appointment Details

The appointment process began with the company's Board of Directors approving Smt. Anju Mittal's appointment on November 24, 2025, based on recommendations from the Nomination and Remuneration Committee. The board resolution was passed by circulation on the same date, subject to obtaining necessary regulatory approvals.

Parameter:	Details
Director Name:	Smt. Anju Mittal
Position:	Additional Director (Non-Executive & Non-Independent)
Current Role:	General Manager, Compliance Division, PNB
DIN:	11410994
Effective Date:	March 16, 2026

Regulatory Approval Timeline

The appointment required approvals from two key regulatory bodies. The Ministry of Corporate Affairs allocated the Director Identification Number to Smt. Anju Mittal on December 5, 2025. Subsequently, the Reserve Bank of India conveyed its approval through a letter dated March 13, 2026, which was received by the company on March 16, 2026.

Professional Background

Smt. Anju Mittal brings significant experience from her current role as General Manager in the Compliance Division at Punjab National Bank. Her appointment as Additional Director is expected to strengthen the company's board composition with her expertise in compliance and banking operations.

Regulatory Compliance

The company has fulfilled all regulatory requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment became effective from March 16, 2026, being the date of receipt of RBI approval, as this was later than the MCA approval date.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.55%	-11.44%	-20.64%	-36.82%	-23.48%	+31.70%

PNB Gilts has received the necessary regulatory approval from the Reserve Bank of India (RBI) for a key board appointment, marking an important development in the company's governance structure. The approval relates to the appointment of Sh. Bibhu Prasad Mahapatra as an Additional Director, following the company's earlier board resolution from November 2025.

RBI Approval Details

The Reserve Bank of India conveyed its approval through official communication dated January 29, 2026, for the appointment of Sh. Bibhu Prasad Mahapatra to the Board of Directors of PNB Gilts Ltd. The appointment became effective immediately upon receipt of the RBI approval on January 29, 2026.

Parameter:	Details
Appointee:	Sh. Bibhu Prasad Mahapatra
DIN:	08756848
Position:	Additional Director (Non-Executive & Non-Independent)
Current Role:	Executive Director - PNB
Effective Date:	January 29, 2026
RBI Approval Date:	January 29, 2026

Board Resolution Background

The appointment process was initiated through a board resolution passed by circulation on November 18, 2025. The Board of Directors approved the appointment based on the recommendation of the Nomination and Remuneration Committee, with the condition that it would be subject to RBI approval.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's previous communications dated November 18, 2025, and subsequent clarification dated November 24, 2025, which had informed stakeholders about the proposed appointment pending regulatory approval.

Corporate Governance Impact

With Sh. Bibhu Prasad Mahapatra's appointment as Additional Director (Non-Executive & Non-Independent), PNB Gilts Ltd strengthens its board composition. His current position as Executive Director at PNB brings relevant banking and financial sector expertise to the company's governance structure.