Independent Director Pankaj Gupta ceased to be a director on the board of Power Finance Corporation effective September 22, 2026. The cessation follows the completion of his designated tenure.

Gupta was appointed as a Non-Official Independent Director on June 22, 2026, via an order from the Ministry of Power (F.No.46/2/2010-RE(Vol.II)(part-4)(part-1)). His appointment was for a period of three months from the date of notification or until further orders, whichever was earlier.

Appointment Details

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Manish Kumar Agarwal, Company Secretary & Compliance Officer, signed the intimation on behalf of the company.

Power Finance Corporation has appointed Thakur Vaidyanath Aiyar & Co and Mehra Goel & Co as its joint statutory auditors for the financial year 2026-27. The Comptroller and Auditor General of India made the appointment under Section 139 of the Companies Act, 2013. The disclosure was filed with stock exchanges on September 9, 2026.

Regulatory Compliance

The appointment aligns with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Manish Kumar Agarwal, Company Secretary and Compliance Officer at Power Finance Corporation, signed the disclosure. The filing includes brief profiles of both audit firms as Annexure I.

Auditor Profiles

Thakur Vaidyanath Aiyar & Co is one of the oldest chartered accountancy firms in India, with a legacy dating back to 1934. The firm was formed in 1970 through the reorganisation of S. Vaidyanath Aiyar & Co and Thakur & Co. It holds registrations with the Institute of Chartered Accountants of India (ICAI), C&AG, and MEF. The firm operates from New Delhi with branches in Mumbai, Kolkata, Patna, Chennai, and Hyderabad.

Mehra Goel & Co was established in 1963 by Late Sh. R.K. Mehra and Late Sh. M.K. Goel. Headquartered in New Delhi, the firm currently has 16 partners and over 50 chartered accountants. It is registered with the Public Company Accounting Oversight Board (PCAOB) in the United States. The firm has extensive experience auditing public sector enterprises, including Power Finance Corporation itself in previous years.