PTC India Financial Services has extended the tenure of Shri Devesh Singh as Chief Risk Officer for a further period of two years effective June 26, 2026. The decision was taken by the Board of Directors, ensuring continuity in the company's risk management leadership. Singh will continue to serve as Key Managerial Personnel and Senior Managerial Personnel of the company.

Shri Devesh Singh was initially appointed as Chief Risk Officer in 2019 for a two-year term. He was subsequently re-appointed for a five-year term commencing June 26, 2021. The latest extension reflects the company's continued confidence in his capabilities to oversee risk functions.

Singh is a seasoned financial services professional with over 22 years of experience across corporate banking, treasury, and risk management. He brings 17 years of service within the PTC Group, having joined PTC India Ltd. in June 2007. He has been instrumental in institutionalizing risk practices, including the implementation of internal rating models and the development of risk policies.

Profile of Shri Devesh Singh

The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.