<h1>PNB Gilts Limited Appoints Amit Kumar Srivastava as Non-Executive Director; Approves 30th AGM</h1>
PnB Gilts Limited announced several key corporate decisions following its Board Meeting held on August 7, 2026. Among these decisions was the appointment of Sh. Amit Kumar Srivastava as a Non-Executive and Non-Independent Director. The Company also approved the notice for its upcoming Annual General Meeting (AGM) and set a record date for determining eligibility for dividend payments for the financial year 2025-26.
The Board, acting on a nomination request from Punjab National Bank (PNB), appointed Sh. Amit Kumar Srivastava to the post of Executive Director - PNB (Non-Executive & Non-Independent) of the Company. The appointment is subject to subsequent approval by shareholders and the Reserve Bank of India (RBI).
Sh. Srivastava’s tenure, terms, and profile details have been disclosed as follows:
| Detail | Description |
|---|---|
| Appointment Status | Subject to approval of RBI and Shareholders of the Company. |
| Effective Date | The date of receipt of approval from the RBI or shareholders of the Company, whichever is later. |
| Term of Appointment | Up to the date he holds the position of Executive Director in PNB or until further orders of Government of India, whichever is earlier. |
| Professional Profile | Sh. Srivastava has over 31 years of banking experience. He is a post graduate in Computer Science from Banaras Hindu University and is a Certified Associate Member of Indian Institute of Bankers (CAIIB). His prior roles include Group Chief Risk Officer at PNB, and he currently serves as Director of India Infrastructure Finance Company Limited (IIFCL) and Chairman on the Governing Board of National Institute of Banking Studies & Corporate Management (NIBSCOM). |
| Relationship | He is not related to any other Director of the Company. |
PnB Gilts Limited also approved the notice for its 30th Annual General Meeting, scheduled to be held on Monday, September 28, 2026, at 11:00 A.M. (IST). The meeting will be conducted via VC/OAVM.
In terms of dividend payments, a Record Date was set for Monday, September 21, 2026, to determine which members are eligible to receive the payment of the final dividend for the financial year 2025-26, should it be declared at the ensuing Annual General Meeting. The company confirmed that any such dividend, if declared by the members at the AGM, will be paid within thirty (30) days from the date of declaration.
PNBGILTS Stock Price Movement
Shares of PNB Gilts Limited slipped by 1.51% on Friday, settling at ₹80.7 as the equity closed. The stock saw significant trading activity during the session, with 462,573 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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