PNC Infratech Limited has incorporated a new subsidiary, PNC Infratech (Kazakhstan) LLP, in the Republic of Kazakhstan. The entity was registered on October 7, 2026, with the primary objective of providing infrastructure services, specifically in the roads and highways sector.

The incorporation complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the Certificate of Incorporation on October 7, 2026, from the Registration Department of Legal Entities, Almaty Branch, State Corporation "Government for Citizens".

Subsidiary details

The newly formed entity is a 100% wholly owned subsidiary of PNC Infratech. The company subscribed to participatory interests amounting to an initial capital of 5,00,000 KZT. The subsidiary has not yet commenced business operations, so turnover figures are currently not applicable.

Strategic expansion

The move marks PNC Infratech's entry into the Central Asian infrastructure market. The subsidiary's main objective is the provision of infrastructure services in Kazakhstan, aligning with the parent company's core business in road construction. The investment was made via cash consideration, with the entire capital subscribed by the listed entity.

The filing confirms that this incorporation does not fall within related party transactions, and no promoter or promoter group companies hold any interest in the entity beyond the parent company's ownership. No governmental or regulatory approvals other than standard incorporation procedures were required for this specific step.

PNC Infratech Limited held its Annual General Meeting on September 30, 2026, approving the re-appointment of M/s NSBP & Company as statutory auditors and extending the tenures of key directors.

The meeting, conducted via video conferencing, ratified the appointment of M/s NSBP & Company, Chartered Accountants (FRN: 001075N), for a two-year term commencing from the conclusion of the 27th AGM until the conclusion of the 29th AGM. The firm, established over 45 years ago in New Delhi, continues its role as the company's statutory auditor.

Shareholders also approved the re-appointment of three Managing Directors and one Whole Time Director for a five-year term effective October 1, 2026. The board retains its core leadership with Pradeep Kumar Jain, Chakresh Kumar Jain, and Yogesh Jain continuing as Managing Directors. Anil Kumar Rao was re-appointed as Whole Time Director for the same period.

Independent director appointments

The AGM approved the re-appointment of Naresh Kumar Jain and Seema Singh as independent directors for a second term of five years, effective August 10, 2026. Additionally, Rohit Kumar Singh was appointed as a new independent director for a five-year term effective August 8, 2026.

Governance continuity

The re-appointments ensure stability in both audit oversight and executive leadership. The Jain family maintains significant control through their roles as Managing Directors, with Pradeep Kumar Jain holding 1,53,49,500 equity shares, Yogesh Jain holding 1,67,94,000 shares, and Chakresh Kumar Jain holding 45,14,000 shares. The addition of Rohit Kumar Singh, an IAS officer with extensive experience in infrastructure financing and public policy, adds regulatory expertise to the board's independent wing.