New Delhi : Power Finance Corporation (PFC), one of India’s leading public sector financial institutions and a key player in the country’s power sector financing ecosystem, has announced the retirement of its Executive Director, G. Jawahar, effective May 31, 2026, following his attainment of the age of superannuation.
The announcement was made through a regulatory filing submitted to the stock exchanges on June 1, 2026, in compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
According to the disclosure, G. Jawahar ceased to be associated with the company from the afternoon of May 31, 2026, marking the conclusion of his tenure with the state-owned financial institution. The retirement forms part of the company’s routine leadership transition process and reflects standard retirement procedures applicable to senior executives in public sector enterprises.
Regulatory Filing Made Under SEBI LODR Regulations
PFC informed both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about the development under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, which requires listed entities to disclose significant corporate events, including changes in senior management.
The company stated that the reason for the management change was the retirement of G. Jawahar upon reaching the prescribed retirement age. Since the change resulted from superannuation, additional details such as professional profile and inter-se relationships with directors were deemed not applicable.
The disclosure was signed and submitted by Manish Kumar Agarwal, Company Secretary and Compliance Officer of Power Finance Corporation.
Leadership Transition at a Strategic Time
The retirement comes at a crucial period for Power Finance Corporation as India continues to accelerate investments in power generation, renewable energy, transmission infrastructure, and distribution reforms. As one of the country’s largest infrastructure financiers, PFC plays a pivotal role in funding projects that support India’s energy security and clean energy transition objectives.
Industry observers note that leadership continuity and smooth management transitions remain important for public sector financial institutions as they navigate evolving market conditions, energy sector reforms, and increasing investment requirements.
About Power Finance Corporation
Power Finance Corporation Limited is a Government of India-owned Maharatna Central Public Sector Enterprise specializing in financing power and infrastructure projects. Established in 1986, the company provides financial assistance to projects across power generation, transmission, distribution, renewable energy, and infrastructure sectors.
PFC has emerged as one of India’s largest non-banking financial companies (NBFCs) and serves as a key funding partner for the nation’s energy development initiatives. The corporation continues to support large-scale infrastructure investments aligned with India’s economic growth and sustainability goals.
Key Highlights
- PFC announced the retirement of Executive Director G. Jawahar.
- Retirement became effective on the afternoon of May 31, 2026.
- Management change disclosed under SEBI LODR Regulation 30.
- Filing submitted to NSE and BSE on June 1, 2026.
- Retirement occurred upon attaining the age of superannuation.
- Disclosure signed by Company Secretary Manish Kumar Agarwal.
- PFC remains a leading financier for India’s power and infrastructure sectors.
- Leadership transition aligns with standard public sector retirement norms.
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