PTC India Financial Services EVP Avijit Kishore Resigns Due to Personal Reasons

1 min read     Updated on 08 Apr 2026, 02:26 AM
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PTC India Financial Services Limited announced the resignation of Shri Avijit Kishore, EVP (Credit) and Senior Management Personnel, effective April 7, 2026, due to personal reasons. Kishore will serve a 30-day notice period until May 6, 2026, as per company policy. The company has notified both BSE and NSE in compliance with SEBI listing regulations.

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PTC India Financial Services Limited has announced the resignation of a key senior management personnel, marking a significant change in its executive leadership structure.

Senior Management Departure

Shri Avijit Kishore, Executive Vice President (Credit) and designated Senior Management Personnel, has tendered his resignation from PTC India Financial Services Limited effective April 7, 2026. The resignation was submitted due to personal reasons, as confirmed in his formal communication to the company management.

Parameter: Details
Position: EVP (Credit)
Resignation Date: April 7, 2026
Last Working Day: May 6, 2026
Notice Period: 30 days
Reason: Personal reasons

Notice Period and Transition

As per the company's policy, Kishore will serve a notice period of 30 days, with his last working day scheduled for May 6, 2026. This transition period will allow the company to manage the handover of responsibilities and ensure continuity in operations.

Regulatory Compliance

The company has fulfilled its regulatory obligations by notifying both stock exchanges about this senior management change. The announcement was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The formal communication was sent to:

  • BSE Limited (Scrip Code: 533344)
  • National Stock Exchange of India Limited (Scrip Symbol: PFS)

Company Communication

In his resignation email, Kishore expressed his best wishes for the company's future success. The resignation communication was marked as confidential and was copied to relevant senior management including the Director of Operations. PTC India Financial Services has made this information available on its official website at www.ptcfinancial.com for stakeholder reference.

Historical Stock Returns for PTC India Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.48%+9.29%+1.90%-17.31%-7.21%+69.79%

Who will PTC India Financial Services appoint as the new Executive Vice President (Credit) and what qualifications will they prioritize?

How might this senior leadership change impact PTC India Financial Services' credit portfolio strategy and risk management approach?

Will this resignation trigger any restructuring of the credit department or changes in lending policies at PTC India Financial Services?

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PTC India Financial Services Receives Credit Rating Updates from CRISIL

2 min read     Updated on 07 Apr 2026, 11:21 AM
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PTC India Financial Services Limited received credit rating updates from CRISIL on April 06, 2026, with all instruments removed from 'Rating Watch with Developing Implications'. The company's Non-Convertible Debentures and Fund-based Term Loans were reaffirmed at CRISIL A with Negative outlook, while short-term facilities maintained CRISIL A1 ratings. The updates were communicated to stock exchanges on April 07, 2026, in compliance with SEBI regulations.

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PTC India Financial Services Limited has announced credit rating updates from CRISIL across its various financial instruments, with all ratings being removed from 'Rating Watch with Developing Implications' status. The company informed stock exchanges about these developments on April 07, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Updates Overview

CRISIL has provided updated ratings for four key financial instruments of the company, with ratings dated April 06, 2026. The rating agency has reaffirmed existing ratings while removing the previous 'Rating Watch with Developing Implications' status across all instruments.

Instrument Updated Rating Previous Status Action Taken
Non-Convertible Debenture CRISIL A/Negative Rating Watch with Developing Implications Reaffirmed with Negative outlook
Fund based-Term Loan CRISIL A/Negative Rating Watch with Developing Implications Reaffirmed with Negative outlook
Fund based-Short Term CRISIL A1 Rating Watch with Developing Implications Reaffirmed
Commercial Paper CRISIL A1 Rating Watch with Developing Implications Reaffirmed

Detailed Rating Information

The company has provided comprehensive details of the current rating status as per SEBI Master Circular requirements. The ratings cover both long-term and short-term financial instruments with specific ISIN codes for the debentures.

ISIN/Instrument Rating Agency Credit Rating Outlook Rating Action Date
INE560K07102 (NCD) CRISIL Ratings CRISIL A Negative Reaffirm 06-04-2026
INE560K07110 (NCD) CRISIL Ratings CRISIL A Negative Reaffirm 06-04-2026
Fund based-Term Loan CRISIL Ratings CRISIL A Negative Reaffirm 06-04-2026
Fund based-Short Term CRISIL Ratings CRISIL A1 No Outlook Reaffirm 06-04-2026
Commercial Paper CRISIL Ratings CRISIL A1 No Outlook Reaffirm 06-04-2026

Company Profile

PTC India Financial Services Limited operates as an RBI registered Non-Banking Financial Company (NBFC), promoted by PTC India Limited. The company specializes in providing customized financing solutions across various infrastructure sectors, with an increasing focus on diversification and sustainability initiatives. PFS has positioned itself as an early mover in green and emerging infrastructure segments, including renewable energy and electric mobility, while managing legacy exposures in conventional segments.

Regulatory Compliance

The rating updates were communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with regulatory requirements. All rating statuses have been verified as of April 06, 2026, ensuring transparency and adherence to disclosure norms. The company has made this information available on its website at www.ptcfinancial.com for stakeholder access.

Historical Stock Returns for PTC India Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.48%+9.29%+1.90%-17.31%-7.21%+69.79%

What specific factors could trigger a potential downgrade given the negative outlook on PTC India Financial Services' long-term ratings?

How might the company's strategic shift toward green infrastructure and electric mobility impact its credit profile in the next 12-18 months?

Will PTC India Financial Services need to adjust its funding costs or capital structure following the reaffirmation with negative outlook?

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