PTC India Completes Leadership Restructuring with New Chairman Appointment

PTC India Limited has completed its comprehensive leadership restructuring with the appointment of Sh. Sukhdev Singh as Non-Executive Chairman, following the earlier redesignation of Dr. Manoj Kumar Jhawar as Managing Director & CEO. The power trading company announced both changes through regulatory filings, marking a significant shift from the previous combined Chairman & Managing Director structure.

Leadership Bifurcation and New Appointments

The Board of Directors approved the bifurcation of the combined Chairman & Managing Director position into two distinct roles on February 14th, 2026. Dr. Jhawar transitioned from Chairman & Managing Director to Managing Director & CEO effective April 13th, 2026, while Sh. Sukhdev Singh, an existing Independent Director, was appointed as Non-Executive Chairman on April 16th, 2026.

Position:	Appointee	Effective Date	Tenure
Managing Director & CEO:	Dr. Manoj Kumar Jhawar	April 13th, 2026	Until August 19th, 2028
Non-Executive Chairman:	Sh. Sukhdev Singh	Upon promoter consent	Until November 10th, 2028

Approval Process and Timeline

The restructuring followed a comprehensive approval process spanning multiple months. The Board initially approved the bifurcation proposal on February 14th, 2026, subject to necessary approvals. Shareholders approved Dr. Jhawar's designation change through a postal ballot on March 20th, 2026, with the Board ratifying the decision on April 15th, 2026. Sh. Sukhdev Singh's chairman appointment was formalized by the Board on April 16th, 2026.

New Chairman Profile

Sh. Sukhdev Singh, aged 62 years, brings extensive administrative experience to his new role. A 1987-batch Indian Administrative Service officer (Retired), he holds a B.E. (Mechanical) degree from Punjab Engineering College, Chandigarh. His distinguished career spanned nearly 37 years across Bihar and Jharkhand states, including serving as Chief Secretary of Jharkhand for three to four years.

Qualification:	Details
Service:	Indian Administrative Service (1987 batch)
Education:	B.E. (Mechanical), Punjab Engineering College
Experience:	37 years in administrative roles
Key Position:	Chief Secretary, Jharkhand

Continued Executive Leadership

Dr. Manoj Kumar Jhawar continues as Managing Director & CEO under the same terms and conditions approved at the 26th Annual General Meeting held on August 8th, 2025. His appointment extends until his superannuation at age 60 on August 19th, 2028. Dr. Jhawar, who holds a Ph.D in Management Sciences and is a qualified Cost Accountant, joined PTC India's Board as Director (Commercial & Operations) on January 18th, 2024.

Corporate Governance Enhancement

The leadership restructuring reflects PTC India's commitment to enhanced corporate governance through role separation. Sh. Sukhdev Singh's appointment as Non-Executive Chairman is subject to receipt of consent from CMDs of all four promoter companies, in line with the company's Articles of Association. His tenure as Chairman will continue until the completion of his existing Independent Director term on November 10th, 2028.

The bifurcation ensures clear separation between executive management and board oversight while maintaining continuity in leadership during PTC India's strategic growth phase.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.19%	+9.92%	+12.92%	+12.60%	+3.78%	+128.02%

PTC India Limited has formally announced the completion of tenure for three independent directors, marking a significant board transition for the power trading company. The company informed stock exchanges on April 13, 2026, about the cessation of directorship for key independent board members through official regulatory disclosure.

Board Transition Details

The tenure of three independent directors concluded on April 12, 2026, with their cessation from the board taking effect from April 13, 2026. The directors who completed their terms include Dr. Jayant Dasgupta, Smt. Rashmi Verma, and Shri Narendra Kumar, all of whom also ceased to be members of various board committees.

Director Details:	Information
Dr. Jayant Dasgupta:	DIN: 07730408
Smt. Rashmi Verma:	DIN: 01993918
Shri Narendra Kumar:	DIN: 02307690
Cessation Date:	April 13, 2026
Reason:	Completion of tenure as Independent Director

Regulatory Compliance and Documentation

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required under Schedule III of the SEBI Listing Regulations, ensuring full compliance with regulatory requirements including reference to SEBI Master Circular Number SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The formal communication was signed by Rajiv Maheshwari, Company Secretary (FCS-4998), and sent to both BSE Limited (Scrip Code: 532524) and National Stock Exchange of India Limited (Company Code: PTC). The announcement was made from the company's registered office at NBCC Tower, Bhikaji Cama Place, New Delhi.

Corporate Governance Impact

The completion of tenure for these independent directors represents a natural transition in the company's board composition. As independent directors, they played crucial roles in corporate governance, providing independent oversight and guidance to the company's management and operations.

The company has indicated that the information regarding this board transition is also available on its official website at www.ptcindia.com , ensuring transparency and accessibility for all stakeholders. This disclosure demonstrates PTC India Limited's commitment to maintaining proper corporate governance standards and regulatory compliance in accordance with SEBI guidelines.