PNC Infratech Limited has announced a significant leadership change with the resignation of its Chief Financial Officer, Mr. Devendra Kumar Agarwal, due to health issues. The company informed the stock exchanges about this development through a regulatory filing dated March 31, 2026.

Resignation Details

The Board of Directors has accepted Mr. Agarwal's resignation, which becomes effective from the closing of business hours on March 31, 2026. The resignation was submitted in compliance with Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Confirmation and Transparency

In his resignation letter, Mr. Agarwal expressed gratitude to the Board of Directors for the opportunity and cooperation during his tenure as Chief Financial Officer. He specifically confirmed that there are no material reasons for his resignation other than the health issues mentioned in his resignation letter, ensuring transparency in the transition process.

Succession Planning

PNC Infratech has indicated that it is actively in the process of appointing a new Chief Financial Officer. The company has committed to informing the stock exchanges about the new appointment in due course, ensuring continuity in financial leadership and regulatory compliance.

Trading Window Restrictions

As per the company's code of conduct for prohibition of insider trading and pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in company securities will remain closed for designated employees, immediate relatives, specified persons, and connected persons until 48 hours from the date this information is made available to exchanges and the public.

Regulatory Communication

The intimation was signed by Tapan Jain, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited. The company's scrip code on BSE is 539150, while its symbol on NSE is PNCINFRA.

PNC Infratech Limited has filed comprehensive regulatory disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015, documenting the off-market transfer of 1,96,08,000 equity shares among promoter group members. The transaction, completed on March 27, 2026, represents a strategic reorganization of shareholding patterns within the promoter group while maintaining the overall ownership structure.

Regulatory Compliance and Documentation

The company submitted detailed Form B disclosures under Regulation 7(2) of SEBI Insider Trading Regulations to both BSE Limited and National Stock Exchange of India Limited on March 31, 2026. Company Secretary Tapan Jain executed the regulatory filing, ensuring full compliance with insider trading disclosure requirements for the inter-se transfer among promoter group members.

HUF Divestment and Complete Transfer

The transaction involved complete divestment by three Hindu Undivided Families (HUFs), with each transferring their entire shareholdings to designated family members pursuant to HUF partition arrangements.

Individual Beneficiaries and Enhanced Holdings

Four individual family members received the transferred shares, significantly enhancing their respective shareholdings in the company through this internal reorganization.

Corporate Structure and Compliance Framework

The regulatory filings confirm that despite the substantial internal transfer, the overall promoter group shareholding remains unchanged at 56.07% of the company's total share capital. The transaction represents an internal reorganization rather than a change in control, with all parties involved remaining members of the promoter group.

The comprehensive documentation ensures full regulatory compliance while facilitating the HUF partition process, maintaining transparency in promoter group shareholding patterns and preserving the company's ownership structure integrity.