Power Finance Corporation (PFC) has announced the cessation of two Non-Official Independent Directors from its board. Smt. Usha Sajeev Nair and Shri Prasanna Tantri have completed their tenure as directors, effective 17 April 2026.
Smt. Usha Sajeev Nair was appointed to the board of PFC as a Non-Official Independent Director on 17 April 2025, following an order from the Ministry of Power, Government of India. Her term was set for one year, concluding on 16 April 2026. Consequently, she has ceased to be a director on the board effective 17 April 2026.
Similarly, Shri Prasanna Tantri was also appointed as a Non-Official Independent Director on the same date, 17 April 2025, with the same tenure duration. His tenure ended on 16 April 2026, and he has also ceased to be a director on the board from 17 April 2026.
The cessation of these directors marks the end of their one-year tenure as per the appointments made by the Ministry of Power.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).