Power Finance Corporation (PFC) has announced the resignation of Shri Bhaskar Bhattacharya from his position as an Independent Director on the company’s Board. Bhattacharya, who held the Director Identification Number (DIN) 09406292, tendered his resignation via email on 1 April 2026.
The resignation comes as Bhattacharya intends to contest in the upcoming West Bengal Assembly election. To avoid any potential conflict of interest, he has decided to step down from his role at PFC. In his resignation communication, Bhattacharya confirmed that his decision to resign was solely based on his political aspirations and that there were no other reasons for his departure.
Bhattacharya had been appointed as a part-time Non-Official Director on the Board of PFC for a period of one year, as per the Ministry of Power’s order dated 13 May 2025. His tenure was set to continue either until further orders or until the completion of one year from the date of notification of his re-appointment.
This development was communicated in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has submitted this information for the records of the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).