PTC India Limited shareholders approve three key director appointments
New Delhi, January 9, 2026: PTC India Limited (formerly Power Trading Corporation of India Limited) announced the results of its postal ballot, conducted electronically from December 10, 2025, to January 8, 2026, for the approval of three key resolutions regarding the appointment and reappointment of directors.
The resolutions, as per the Postal Ballot Notice dated December 9, 2025, were passed with the requisite majority by shareholders:
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Re-appointment of Shri Prakash Mhaske as Independent Director
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Votes in favour: 97.10%
Shareholders endorsed the continuation of Shri Mhaske on the Board, reinforcing stability and continuity in independent oversight.
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Appointment of Shri Sukhdev Singh as Independent Director
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Votes in favour: 97.94%
The strong mandate reflects confidence in his professional expertise and contribution to corporate governance.
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Appointment of Shri Masood Akhtar Ansari as Non-Executive Nominee Director
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Votes in favour: 95.90%
Investors supported the inclusion of Shri Ansari as a nominee director, strengthening representation at the Board level.
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The e-voting process was overseen by Ashish Kapoor & Associates, Practicing Company Secretaries, ensuring a transparent and fair process. Shareholders holding 2,81,246 shares as of the cutoff date, December 5, 2025, were eligible to vote.
PTC India has also filed the voting results with the BSE (Scrip Code: 532524) and NSE (Symbol: PTC), and the details are available on the company’s website and NSDL portal.
This postal ballot outcome strengthens the company’s board and governance framework as it continues its operations in the power trading sector.