Power Finance Corporation Ltd appointed Shri V. Packirisamy as Director (Commercial) and Shri Pankaj Gupta as Part-time Non-Official Director on its Board effective June 2, 2026, and June 22, 2026, respectively. The appointments were made by the Ministry of Power, Government of India, pursuant to specific orders and the Articles of Association of the Company. The Board approved these appointments at its meeting held on June 24, 2026.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the appointees are not debarred from holding the office of Director by virtue of any order of SEBI or any other authority.

Appointment Details

Shri Pankaj Gupta (DIN: 03415536) is a Chartered Accountant and a Fellow Member of the Institute of Chartered Accountants of India (ICAI). He brings over 25 years of professional experience in the fields of Taxation, Audit & Assurance, Corporate Law, and Financial Advisory. Gupta is the Managing Partner of Pankaj Manvi & Associates, a firm providing services in Direct and Indirect Taxation, Audit, Accounting, Fund Raising, and Corporate Litigation.

Power Finance Corporation has priced U.S. $300,000,000 5.32% notes due 2031 under its U.S. $8,000,000,000 Global Medium Term Note Programme. The notes were priced on June 22, 2026, and carry a coupon of 5.32% per annum, payable semi-annually in arrears on June 30 and December 30. The settlement date for the notes is expected to be June 30, 2026, and they will mature on June 30, 2031, unless previously redeemed.

The notes represent direct, unconditional, and unsecured obligations of the issuer. They will rank pari-passu among themselves and all other unsecured obligations of Power Finance Corporation. The securities will be listed on NSE IFSC and India INX.

The net proceeds from the issuance will be utilized in accordance with the external commercial borrowing guidelines of the Reserve Bank of India. This disclosure was made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.