PTC India has initiated a postal ballot process to seek shareholder approval for the appointment of Shri Umesh Kumar Nand as a Non-Executive Nominee Director representing NHPC Limited. The resolution, classified as an ordinary resolution, requires approval from members to regularize the appointment of Nand, who currently serves as the Executive Director (Project Monitoring & Support Group) at NHPC. The appointment is subject to retirement by rotation.

Shri Umesh Kumar Nand was initially appointed as an additional director on the Board of PTC India effective May 15, 2026. The company has received the necessary declarations from Nand, including consent to act as director in Form DIR-2 and confirmation that he is not disqualified to be appointed under Section 164 of the Companies Act, 2013. He holds no shares in the company.

Postal Ballot and E-Voting Schedule

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Mr. Ashish Kapoor, a Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the conduct of the postal ballot is fair and transparent. The voting period is strictly defined, and no physical ballot forms are being dispatched.

Shareholders registered as members on the cut-off date are eligible to vote. The e-voting module will be disabled immediately after the deadline on July 30, 2026. Results of the postal ballot will be announced upon receipt of the Scrutinizer’s report and subsequently displayed on the company's website and communicated to the stock exchanges.

Director Profile and Background

Shri Umesh Kumar Nand brings over 30 years of experience in the hydro electric power sector. He graduated with a degree in Electrical Engineering from MNNIT Allahabad and holds an MBA from Sikkim Manipal University. His career at NHPC began in November 1995, and he has contributed to various projects including the Uri Power Station, Salal Power Station, and Teesta-V Power Station.

The Board of Directors recommends the approval of the resolution. Aside from the appointee, none of the other directors or key managerial personnel of the company are interested in the resolution. The appointment is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Power Finance Corporation Ltd has confirmed that it, along with persons acting in concert, has not created any encumbrance on shares of PTC India Limited for FY 2025-26. The declaration was submitted to the National Stock Exchange of India Limited and BSE Limited on April 08, 2026.

The disclosure was made pursuant to Regulation 31 (4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011. This regulation requires substantial shareholders to declare any encumbrance created on shares of the target company.

Manish Kumar Agarwal, Company Secretary & Compliance Officer of Power Finance Corporation Ltd, signed the declaration. The filing confirms that no direct or indirect encumbrance has been made on the shares of PTC India Limited (ISIN: INE877F01012) during the specified financial year.