NHPC Withdraws Nomination; Rajneesh Agarwal Exits PTC India Board

New Delhi, March 3, 2026: NHPC Limited has withdrawn the nomination of Shri Rajneesh Agarwal (DIN: 10816601) from the Board of PTC India Limited with immediate effect, leading to his cessation as Director effective March 2, 2026.

PTC India disclosed the development to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that it received NHPC’s communication dated March 2, 2026, on March 3, 2026.

Reason for Cessation

The change in directorship is due to the withdrawal of nomination by NHPC Limited, the nominating entity. As a result, Shri Rajneesh Agarwal ceased to be a member of the Board of PTC India Ltd. from March 2, 2026.

No additional disclosures such as profile details or inter-se relationship between directors were applicable, the company clarified in its filing.

Regulatory Filing

The intimation has been submitted to both BSE Limited (Scrip Code: 532524) and the National Stock Exchange of India Limited (NSE) (Company Code: PTC). The disclosure will also be available on the official website of PTC India.

PTC India is a key player in India’s power trading market, facilitating electricity transactions across utilities, generators and state distribution companies.