Pfl Infotech Ltd. has announced significant changes to its Board of Directors and several important corporate decisions following a board meeting held on September 8, 2025.

Board Restructuring

The company's Board of Directors has approved the appointment of two new Additional Directors (Non-Executive and Independent) for a three-year term from September 4, 2025, to September 4, 2028:

1. Mr. Pankaj Jain (DIN: 11114458): An accomplished finance professional with over a decade of experience in debt syndication, project finance, financial restructuring, and NPA resolution. Mr. Jain has worked with leading institutions such as ARCIL, Hindustan Construction Company, and JSW Steel.

2. Mr. Vipin Shantilal Champawat (DIN: 06369837): A commerce graduate with Intermediate level Chartered Accountancy qualifications, Mr. Champawat brings over two decades of experience in accounts, finance, and taxation.

Simultaneously, the Board accepted the resignations of two Independent Directors, effective from the close of business hours on September 4, 2025:

1. Mr. Abhinandan Jain (DIN: 03199953)
2. Mrs. Sujana Kadiam (DIN: 07167872), who also served as the Chairperson

Both outgoing directors have confirmed that there are no material reasons for their resignations other than those mentioned in their respective resignation letters.

Deferred Decisions

The Board has postponed decisions on several key matters:

1. Reduction of paid-up share capital
2. Further issue of equity shares on a preferential basis
3. Shifting of the registered office from Telangana to Maharashtra

Annual General Meeting Rescheduled

PFL Infotech has rescheduled its 38th Annual General Meeting (AGM) to September 30, 2025, at 4:00 PM, a change from the previously announced date of September 26, 2025. In connection with the AGM, the Register of Members and Share Transfer Books of the Company will remain closed from September 26 to September 29, 2025 (both days inclusive).

The board meeting, which resulted in these decisions, commenced at 3:00 PM and concluded at 4:00 PM on September 8, 2025.

Investors and stakeholders are advised to take note of these changes, particularly the board restructuring and the rescheduled AGM date. The deferral of decisions on share capital reduction, preferential equity issuance, and office relocation suggests that these matters may be addressed in future board meetings or at the upcoming AGM.

Pfl Infotech Ltd. has announced significant changes to its Board of Directors and deferred several crucial decisions, according to a recent filing with the BSE.

Board Restructuring

The company's Board of Directors has approved the appointment of two new Additional Directors:

1. Mr. Pankaj Jain (DIN: 11114458): Appointed as a Non-Executive and Independent Director. Mr. Jain brings over a decade of experience in finance, with expertise in debt syndication, project finance, financial restructuring, and NPA resolution. He has previously worked with institutions such as ARCIL, Hindustan Construction Company, and JSW Steel.

2. Mr. Vipin Shantilal Champawat (DIN: 06369837): Also appointed as a Non-Executive and Independent Director. Mr. Champawat has more than two decades of experience in accounts, finance, and taxation. He is a commerce graduate and has completed the Intermediate level of Chartered Accountancy.

Simultaneously, the Board accepted the resignations of two existing Independent Directors:

• Mr. Abhinandan Jain (DIN: 03199953)
• Mrs. Sujana Kadiam (DIN: 07167872), who also held the position of Chairperson

Deferred Decisions

The Board has postponed three significant decisions:

1. Reduction of the company's paid-up share capital
2. Further issuance of equity shares on a preferential basis
3. Shifting of the registered office from the State of Telangana to the State of Maharashtra

Annual General Meeting and Book Closure

PFL Infotech has rescheduled its 38th Annual General Meeting (AGM) to September 30, 2025, at 4:00 PM, a change from the previously announced date of September 26, 2025. In connection with the AGM, the company has announced that the Register of Members and Share Transfer Books will remain closed from September 26 to September 29, 2025 (both days inclusive).

The Board meeting where these decisions were made commenced at 3:00 PM and concluded at 4:00 PM.

These developments indicate a period of transition for PFL Infotech, with changes in leadership and a reconsideration of strategic moves. Shareholders and market observers will likely be watching closely to see how these changes and deferred decisions impact the company's future direction.