PCBL Limited announced further to letters dated 31 January 2023 and 9 March 2023, the company announced that Dr. Sethurathnam Ravi has been appointed as a non-executive independent director of the company for an initial term of 5 (five) consecutive years with effect from 15 March 2023. With this, the present composition of the board of directors of the company as on 15 March 2023 stand as follows: Dr. Sanjiv Goenka, Chairman; Mr. Kaushik Roy, Managing Director; Mr. Shashwat Goenka, Non-Executive Director; Mrs. Preeti Goenka, Non-Executive Director; Mr. Paras K Chowdhary, Non-Executive Independent Director; Mr. Pradip Roy, Non-Executive Independent Director; Mrs. Rusha Mitra, Non-Executive Independent Director; Mr. R K Agarwal, Non-Executive Independent Director; Mr. T C Suseel Kumar, Non-Executive Independent Director; Mr. K Jairaj, Non-Executive Independent Director; Dr. Sethurathnam Ravi, Non-Executive Independent Director. Dr. Sethurathnam Ravi has a doctorate in finance and is a practising Chartered Accountant, having over 33 years of experience.

He holds a diploma in Information System Audit (DISA) and is an Associate Member of Association of Certified Fraud Examiners (CFE), USA. He is also registered as an Insolvency Resolution Professional. Dr. Sethurathnam Ravi is the founder and Managing Partner of Ravi Rajan & Co.

LLP, a chartered accountancy firm specialising in Forensic and Insolvency assignments, Finance & Management, Turn around Strategies, Business Valuations, Brand and Share Valuation, Assurance, Audit and Taxation. Dr. Sethurathnam Ravi is Director & Chairman of the Board of Tourism Finance Corporation of India Limited and of Spacenet Enterprises India Limited. He also serves on the Boards of Aditya Birla Health Insurance Company Ltd., Star Union Dai-ichi Life Insurance Company Ltd., Usha Martin Ltd., EbixCash Limited and IIFL Asset Management Ltd., etc.

He has served as the Chairman and Director of BSE Ltd. and Chairman and Director of UTI Trustee Company Pvt. Ltd. Over the span of his career, Dr. Sethurathnam Ravi has served on Boards of more than 45 companies, across various sectors. SEBI had nominated Dr. Sethurathnam Ravi as member of its Takeover Panel as well as its Mutual Fund Advisory Committee.

Was, also, Member of Working Group formed by Reserve Bank of India for preparation of the Draft Government Securities Regulations within the framework of the Government Securities Bill 2004.