PTC India Financial Services appoints new independent director, seeks shareholder approval

PTC India Financial Services Limited (PFS) announced the appointment of Smt. Rashmi Verma as an additional director in the capacity of independent director for a period of three consecutive years, effective November 24, 2025. This appointment, recommended by the nomination & remuneration committee, is subject to shareholder approval and she is not liable to retire by rotation.

The board also initiated a postal ballot to seek shareholder approval for two further appointments: Smt. Mini Ipe as non-executive independent director, effective October 5, 2025, and Smt. Rashmi Verma as non-executive independent director, effective November 24, 2025.

Smt. Rashmi Verma brings extensive experience as an IAS officer, with over thirty-six years in various sectors, including her last posting as secretary, ministry of tourism, government of India. Her background includes roles in the ministry of textiles and as additional secretary in the department of revenue, contributing to the design and implementation of GST, and experience in risk management and financial regulation interactions.