PMC Fincorp Limited announced a change to its Board of Directors, with Mr. Puneet Arora resigning as a Non-Executive Non-Independent Director.

Mr. Arora cited time constraints due to other professional commitments, a mutual decision made with the company.

The company confirmed no other material reasons for his departure.

This development alters the board's structure and oversight, which is relevant for shareholders monitoring the company's corporate governance and strategic direction.