PNC Infratech Announces Cessation of Independent Director Mr. Subhash Chander Kalia
Mr. Subhash Chander Kalia ceases to be an Independent Director of PNC Infratech Limited on August 6, 2026, upon reaching 75 years of age. Mr. Naresh Kumar Jain has been appointed to the Nomination and Remuneration Committee in his place.
The cessation of an independent director upon reaching the mandatory retirement age is a standard procedural event and is unlikely to have a significant impact on the company's business operations or financial standing.
The announcement is a routine regulatory filing regarding the cessation of a director due to age, as per SEBI regulations. It does not inherently indicate a positive or negative development for the company's operations or financial performance.
PNC Infratech Limited has informed the stock exchanges about the cessation of Mr. Subhash Chander Kalia as a Non-Executive Independent Director. This cessation is effective from August 6, 2026, upon him attaining the age of 75 years, in compliance with Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR).
Consequent to his cessation, Mr. Kalia has also ceased to be a member of the Nomination and Remuneration Committee of the Board. The company, through a resolution by circulation passed on August 6, 2026, has appointed Mr. Naresh Kumar Jain, another Non-Executive Independent Director, to the Nomination and Remuneration Committee in place of Mr. Kalia.
PNC Infratech Limited has expressed its sincere appreciation for the valuable services, guidance, and experience provided by Mr. Kalia during his tenure as an Independent Director.
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PNC Infratech Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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