PNC Infratech Limited has completed a comprehensive inter-se transfer of 1,96,08,000 equity shares among promoter group members, filing detailed regulatory disclosures under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction, executed on March 27, 2026, involved the complete divestment of three Hindu Undivided Families (HUFs) through partition arrangements while maintaining the overall promoter group shareholding structure.

Regulatory Compliance Framework

The company submitted comprehensive disclosures under Regulation 10(6) of SEBI Takeover Regulations to BSE Limited and National Stock Exchange of India Limited on March 31, 2026. The filing follows an earlier disclosure made on March 03, 2026, under Regulation 10(5), ensuring full compliance with regulatory timelines for inter-se transfers among promoter group members.

HUF Partition and Complete Divestment

Three Hindu Undivided Families executed complete divestment of their shareholdings through partition arrangements, transferring their entire stakes to designated family members. The transaction represents a strategic reorganization within the promoter group structure.

Beneficiary Shareholding Enhancement

Four individual family members acquired the transferred shares, significantly enhancing their respective shareholdings through this internal reorganization while remaining within the promoter group framework.

Transaction Structure and Exemption

The inter-se transfer qualified for exemption under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations, eliminating the requirement for an open offer. The transaction was executed at nil consideration as part of the HUF partition process, maintaining the integrity of the promoter group structure.

The comprehensive regulatory documentation ensures full transparency and compliance with SEBI disclosure requirements while facilitating the internal reorganization of promoter group shareholding patterns without affecting the overall ownership structure.

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.