Changes in PTC India Financial Services Limited (PFS)

PFS the Indian non-banking finance company promoted by PTC India Limited and classified as Infrastructure Finance Company (“IFC”) by the Reserve Bank of India announced that Shri T. N. Thakur - Chairman & Managing Director of PFS has decided to vacate the position of Chairman & Managing Director of PFS w.e.f. from 11th October 2012.

Shri Deepak Amitabh, Director Finance & CFO of PTC India Limited is likely to take over the charge of Chairman & Managing Director of PTC India Limited and the Board of Directors of PFS in its meeting held on 25th September 2012 has decided that Shri Deepak Amitabh will act as Chairman & Managing Director of PFS w.e.f. 11th October 2012 or date of his joining whichever is later.