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.

PTC India Financial Services Limited has initiated a postal ballot process to secure shareholder approval for the appointment of Shri Rajiv Malhotra as a Non-Executive Nominee Director. The appointment is effective from April 8, 2026, and Malhotra will represent PTC India Limited, the holding company, on the board. This decision was ratified by the Board of Directors through a Resolution by Circulation on May 27, 2026.

Appointment Details

The Board approved the proposal to appoint Shri Rajiv Malhotra (DIN: 02383396) specifically in the category of Non-Executive Nominee Director. The role is designated for a nominee of PTC India Limited, the holding company of PTC India Financial Services Limited. The appointment is retroactively effective from April 8, 2026.

Postal Ballot Process

Shareholders will vote on the resolution through a postal ballot mechanism. The company has indicated that the specific process, timelines, and other requisite details regarding the ballot will be submitted along with the Notice of Postal Ballot in due course. This procedural step ensures compliance with regulatory requirements for director appointments involving shareholder approval.

Key Information