PTC India Limited, formerly known as Power Trading Corporation of India Limited, has announced significant developments following its Board Meeting on April 26, 2025. These developments include the appointment of Dr. Manoj Kumar Jhawar as the Chairman and Managing Director (CMD) of the company, along with the declaration of an interim dividend for the financial year 2024-2025.

Key Highlights:

1. Appointment of Chairman & Managing Director: The Board of Directors, based on recommendations from the Nomination & Remuneration Committee, appointed Dr. Manoj Kumar Jhawar (DIN: 07306454) as the Chairman & Managing Director of PTC India. Dr. Jhawar, who has been serving as the Whole Time Director since January 2024, will now hold the position of CMD with immediate effect, subject to the Articles of Association of the Company. His term will continue until he reaches the age of superannuation (60 years).

   Dr. Jhawar has over three decades of extensive experience in various leadership roles across commercial, finance, and engineering domains, particularly in the power distribution sector. His past experience includes senior roles at the Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd., and KIOCL Ltd. as Director (Finance). He also holds a Ph.D. in Management Sciences and has qualifications in Mechanical Engineering and Industrial Engineering.

2. Interim Dividend Declaration: In line with its strong performance, the company has approved the payment of an interim dividend at the rate of 50% for the financial year 2024-2025. Shareholders will receive ₹5 per equity share of ₹10 each. The record date for this dividend has been set for May 5, 2025, to determine the eligible shareholders.

3. Board Meeting Details: The meeting of the Board of Directors commenced at 10:30 A.M. and concluded at 12:15 P.M. on the same day. The outcomes of this meeting include approval of the interim dividend and the appointment of Dr. Jhawar, alongside other regulatory disclosures under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dr. Manoj Kumar Jhawar's Profile:

• Educational Qualifications: Ph.D. in Management Sciences, Mechanical Engineering, Masters in Industrial Engineering & Management, and a qualified Cost Accountant (ICAI).

• Professional Background: Dr. Jhawar has held several pivotal roles including Director (Commercial & Operations) at PTC, Director (Finance) at MP Paschim Kshetra Vidyut Vitaran Co., and more. He has also led projects in areas such as policy planning, financial management, and ERP implementation.

• Leadership Experience: Dr. Jhawar’s leadership spans across sectors like project financing, treasury management, strategic consumer engagement, and more.

Interim Dividend Details:

• Dividend Rate: ₹5 per equity share (50% on ₹10 face value)

• Record Date: 5th May 2025

Conclusion:

The appointment of Dr. Manoj Kumar Jhawar as the Chairman & Managing Director marks a new chapter for PTC India Limited, bringing in a leader with diverse experience and strong industry knowledge. The declaration of the interim dividend showcases the company's commitment to rewarding shareholders, further enhancing its appeal in the market.

As PTC India continues to expand its footprint in the power sector, these developments are expected to strengthen its position and contribute to the company’s future growth.

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