PTC India Limited has confirmed that it, along with persons acting in concert, has not created any encumbrance on the shares of PTC India Financial Services Limited for FY 2025-2026. The disclosure, submitted to the stock exchanges on April 2, 2026, confirms that no direct or indirect charge or lien was placed on the shares during the specified financial year.

The declaration was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires listed entities to inform the exchanges if any encumbrance has been created on the shares of their subsidiaries or other listed companies where they hold substantial stakes.

Key Details of the Disclosure

The filing provided specific details regarding the entities and the period covered by the declaration.

The confirmation covers the entire financial year FY 2025-2026. The statement was signed by Rajiv Maheshwari, Company Secretary of PTC India Limited, and addressed to the Listing Departments of BSE Limited and National Stock Exchange of India Limited.

Regulatory Context

Regulation 31(4) of the SEBI (SAST) Regulations mandates that any acquirer, along with persons acting in concert, must disclose the creation of any encumbrance on shares of a target company. This ensures transparency regarding the financial leverage or obligations associated with shareholding in listed entities. The absence of any such encumbrance indicates that the shareholding remains free from charges or claims by third parties.

PTC India Financial Services has initiated a postal ballot process to seek shareholder approval for the appointment of Rajiv Malhotra as Managing Director and Chief Executive Officer (Additional Charge). The appointment is effective July 1, 2026, and will remain in force until November 30, 2026, or until his superannuation from PTC India Limited, the holding company. The re-designation follows the resignation of Shri R Balaji from the position of MD&CEO, effective June 30, 2026.

The Board of Directors approved the re-designation at its meeting on June 4, 2026, on the recommendation of the Nomination and Remuneration Committee. Malhotra, who is currently a Nominee Director of PTC India Limited and serves as Executive Director & Group Chief Risk Officer at PTC, will not receive any remuneration from the company for this additional charge. He will continue to receive remuneration from PTC India Limited for his existing assignments.

Postal Ballot Schedule

The company has engaged KFin Technologies Limited to facilitate the remote e-voting process. The voting period commences on June 7, 2026, at 9:00 a.m. IST and concludes on July 6, 2026, at 5:00 p.m. IST. The results of the postal ballot are scheduled to be declared on or before July 8, 2026. The cut-off date for determining member eligibility is June 2, 2026.

Key Appointment Details

The Board has appointed Shri Rohit Parmar, Proprietor of M/s Rohit Parmar & Associates, as the Scrutinizer for the e-voting process. This regulatory filing was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.