PTC India appoints Power Grid’s finance director as a nominee director

PTC India Limited has told the exchanges that its board, by a resolution passed on 16 Oct 2026, appointed Shri Amol Babulal Taori as a Non-Executive Nominee Director on the board. He is the nominee of Power Grid Corporation of India Limited (POWERGRID), and the appointment takes effect on 23 Oct 2026.

The filing describes Shri Taori as the Director (Finance) of POWERGRID. He is a Chartered Accountant with nearly 30 years of experience across finance, treasury, international trade, marketing and compensation management.

Before joining POWERGRID, Shri Taori was Executive Director (In-charge) for International Trade at Hindustan Petroleum Corporation Limited (HPCL). There he managed crude procurement of about 700 kbd, product imports and exports, chartering and shipping arrangements, and oil price risk management. The filing says he managed one of India’s largest corporate treasuries for over a decade and led HPCL’s first USD bond issue. He has also served as a director on the board of HPCL Middle East FZCO, Dubai.

Inference

The filing records a board appointment, not a financial event. A nominee director represents a shareholder on the board, so the appointment reflects the board participation of Power Grid, whose finance director has been named.

The appointment takes effect on 23 Oct 2026. The filing describes his background in finance, treasury and trade, but it does not state any change in PTC India’s strategy or operations. Investors may want to note it as a change in board composition and follow later disclosures on the board’s work.