NewsPTC India Financial Services MD & CEO R Balaji Announces Resignation Effective June 30, 2026PTC India Financial Services MD & CEO R Balaji Announces Resignation Effective June 30, 2026
PTC India Financial Services Limited announced the resignation of MD & CEO Shri R Balaji, effective June 30, 2026. The resignation was formally communicated to stock exchanges under SEBI regulations, with Balaji citing personal reasons for his decision and expressing gratitude to employees and the Board of Directors.
*this image is generated using AI for illustrative purposes only.
PTC India Financial Services Limited has announced the resignation of its Managing Director & Chief Executive Officer, Shri R Balaji, effective June 30, 2026. The company informed stock exchanges about this key leadership change on March 30, 2026, in accordance with regulatory requirements.
Regulatory Disclosure Details
The resignation was formally communicated to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Manohar Balwani signed the official intimation letter on March 30, 2026, which was digitally signed at 13:08:41 +05'30'.
| Parameter: | Details |
|---|---|
| Executive Name: | Shri R Balaji (DIN: 05197554) |
| Position: | Managing Director & Chief Executive Officer |
| Reason for Change: | Resignation |
| Effective Date: | June 30, 2026 |
| Announcement Date: | March 30, 2026 |
| Scrip Code (BSE): | 533344 |
| Scrip Symbol (NSE): | PFS |
Personal Decision to Step Down
In his resignation communication addressed to Chairman Dr. Manoj Jhawar, Balaji emphasized that his decision was entirely personal in nature. The resignation was submitted through both email communication on March 30, 2026 at 11:30:36 and a formal resignation letter dated the same day, ensuring proper documentation of the leadership transition.
Gratitude and Well Wishes
Balaji expressed deep gratitude to PTC India Financial Services employees and the Board of Directors for their support throughout his tenure as MD & CEO. In both his email and formal resignation letter, he conveyed his best wishes for the company's continued success in future endeavors.
Documentation and Compliance
The company has ensured full compliance with SEBI Master Circular requirements by providing comprehensive details of the resignation as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023. All relevant documentation, including the original resignation letter and email correspondence, has been enclosed with the regulatory filing and made available on the company's official website at www.ptcfinancial.com .
Historical Stock Returns for PTC India Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.34% | -3.50% | -13.85% | -24.68% | -18.27% | +41.66% |
Who are the potential candidates being considered to replace Shri R Balaji as the new MD & CEO?
How might this leadership transition impact PTC India Financial Services' strategic initiatives and growth plans for 2026-27?
Will the company conduct an internal succession or seek external talent for the CEO position?
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