PTC India Limited has announced the resignation of Shri Arabandi Venu Prasad from his position as an Independent Director, effective November 13, 2025. The resignation comes as a result of Prasad's recent appointment as a Member (Technical) of the GST Appellate Tribunal, a full-time engagement that precludes him from continuing his role on PTC India's board.

Resignation Details

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Regulations, PTC India Limited disclosed the following information:

Impact on Board Composition

The departure of Shri Arabandi Venu Prasad will affect the composition of PTC India's board. The company has not yet announced any plans for his replacement. As per the resignation letter, Prasad confirmed that there are no other material reasons for his resignation beyond the conflicting professional commitment.

Regulatory Compliance

PTC India Limited has ensured compliance with SEBI regulations by providing the necessary disclosures, including:

1. Intimation under Regulation 30 of SEBI Listing Regulations
2. Detailed reasons for the resignation as per Para A(7B) of Part A of Schedule III of SEBI Listing Regulations
3. Confirmation from the resigning director that there are no other material reasons for the resignation

Director's Statement

In his resignation letter, Shri Arabandi Venu Prasad expressed his gratitude to the Board of Directors for their cooperation and support during his tenure. He also conveyed his best wishes for the future growth and success of the company.

Company Response

PTC India Limited acknowledged the resignation and has stated that the information will be hosted on the company's website ( www.ptcindia.com ) for public access. The company has also submitted the required documentation to both the BSE Limited and the National Stock Exchange of India Limited.

As PTC India navigates this change in its board composition, stakeholders will be watching closely to see how the company addresses this vacancy and maintains its corporate governance standards.

PTC India , a leading provider of power trading solutions in India, has announced a significant move towards expanding its presence in the renewable energy sector. The company's Board of Directors has approved entering into a Joint Venture Agreement with NLC India Renewables Limited to develop green energy projects across India.

Joint Venture Details

The proposed joint venture aims to develop up to 2000MW of green energy projects, including solar, wind, hydro, and battery storage systems. This pan-India initiative will be implemented in a phased manner. The ownership structure of the joint venture is set to be:

This strategic partnership is expected to enhance PTC India's portfolio in the renewable energy sector and contribute to the country's clean energy goals.

Financial Performance

Alongside this strategic move, PTC India has reported its financial results for the quarter and half-year ended September 30. The company's performance shows resilience and growth:

The company's core trading margin stood at 3.68 paise per unit, indicating stable operational efficiency.

Management Commentary

Dr. Manoj Kumar Jhawar, Chairman & Managing Director of PTC India, commented on the results: "A healthy mix of volume from trades across different tenures has contributed to the growth of 9% in trading volume in Q2-FY26. The short-term has contributed 53% of the volume and balance has been contributed by medium- & long-term contracts."

Dr. Jhawar also expressed optimism about future market dynamics, stating, "With the introduction of market-oriented initiatives by CERC, like VPPA, coupling of the exchange traded markets and power market regulations (first amendment), we expect increasing demand of new products and services from clients (generator and consumers)."

Board Appointments and Compliance Issues

PTC India's Board has made two key appointments:

1. Re-appointment of Shri Prakash Mhaske as Non-Executive Independent Director for a second term of three years, effective January 16, 2026.
2. Appointment of Shri Sukhdev Singh, IAS (Retd.) 1987 Batch, as Additional Director and Independent Director for three years, effective November 11, 2025.

Both appointments are subject to shareholder approval.

In a separate development, the company's Board met on November 11, 2025, and acknowledged non-compliance with Regulation 17(1) of SEBI Listing Regulations regarding Board of Directors composition. As a result, PTC India received fines from BSE and NSE, which have been paid by the company. The Board noted that its composition has been compliant with the regulation since June 7, 2025. The exchanges had initially communicated about the fine through letters dated August 29, 2025.

These strategic moves, financial results, and compliance updates demonstrate PTC India's commitment to growth in the power sector, with a particular focus on renewable energy, while also addressing regulatory requirements. The joint venture with NLC India Renewables Limited positions the company to play a significant role in India's transition to cleaner energy sources.