PNC Infratech Limited , a prominent player in the infrastructure sector, has announced a significant change in its senior management. The company has promoted Ashish Jain from his previous role as Deputy Director to the position of Executive Director, effective October 25, 2025.

Board Approval and Appointment Details

The promotion was approved by PNC Infratech's Board of Directors through a Circular Resolution, following the recommendation of the Nomination and Remuneration Committee. As part of this elevation, Jain has been categorized as Senior Management Personnel of the company.

About Ashish Jain

Ashish Jain brings a wealth of experience and technical expertise to his new role:

Responsibilities

In his role as Executive Director, Jain's responsibilities include:

• Overseeing project development
• Managing deployment of machines
• Overseeing machine management

This promotion reflects PNC Infratech's commitment to recognizing and nurturing internal talent, potentially positioning the company for continued growth and efficiency in its infrastructure projects.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps shareholders and the market informed about significant changes in the company's management structure.

PNC Infratech Limited , a prominent infrastructure development company, has received a significant boost to its project portfolio. The company has secured approval from the Airports Authority of India (AAI) for a major airport development project in Varanasi.

Project Details

The project, valued at ₹297.01 crore (exclusive of GST), involves the development of the Lal Bahadur Shastri International Airport in Varanasi. Here are the key details of the project:

Project Significance

This project marks a significant milestone for PNC Infratech, as it strengthens the company's position in the aviation infrastructure sector. The development and expansion of the Lal Bahadur Shastri International Airport are expected to enhance the air connectivity and capacity of Varanasi, a city of historical and cultural importance.

Contract Award Process

PNC Infratech emerged as the lowest (L1) bidder for this project, demonstrating its competitive edge in the infrastructure development sector. The company received the Letter of Acceptance (LOA) from AAI, confirming its selection for the project.

Company Disclosure

In compliance with regulatory requirements, PNC Infratech has made the necessary disclosures to the stock exchanges. The company has confirmed that this project does not fall under related party transactions, and there is no interest of the promoter/promoter group in the entity awarding the contract.

As PNC Infratech embarks on this significant airport development project, it reinforces its capabilities in executing large-scale infrastructure works. The successful completion of this project could potentially open doors for more opportunities in the aviation infrastructure sector for the company.