PNB Housing Finance Announces Completion of Tenure of Independent Director Pavan Kaushal

 

PNB Housing Finance Announces Completion of Tenure of Independent Director Pavan Kaushal

New Delhi, October 26, 2025 – PNB Housing Finance Limited (BSE: 540173, NSE: PNBHOUSING) has announced that the tenure of Mr. Pavan Kaushal as an Independent Director of the company has been completed on October 26, 2025.

In a regulatory filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company formally intimated the stock exchanges of this board-level change.

Acknowledgment of Service

The Board of Directors placed on record their "sincere appreciation and gratitude" to Mr. Kaushal for his "outstanding service." The acknowledgment highlighted his contributions not only as a member of the Board but also his active participation in various Board Committees during his tenure.

Governance and Transition

The completion of an Independent Director's tenure is a routine governance process in line with the Companies Act, 2013, which mandates a maximum tenure for independent directors. This change signifies a planned transition on the company's board.

The company's disclosure confirms that Mr. Kaushal has not been debarred from holding the office of director by SEBI or any other authority.

Next Steps

With this cessation, the board composition of PNB Housing Finance will change. The company may initiate the process to identify and appoint a new independent director to fill the vacancy, ensuring continued adherence to corporate governance norms regarding board composition and the balance of independent directors.

The intimation has been uploaded on the company's website for shareholder information.

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About PNB Housing Finance Limited:
PNB Housing Finance Limited is a registered housing finance company with its registered office in New Delhi. It is promoted by Punjab National Bank and offers a range of housing and related loans.

For further information, please contact:
Investor Services: investor.services@pnbhousing.com
Website: www.pnbhousing.com

This article is based on a public disclosure made by PNB Housing Finance Limited to the stock exchanges on October 26, 2025.