Overview

• Girish Kousgi will step down as MD & CEO on October 28, 2025, and relinquish his roles on the boards of PHFL Home Loans & Services Ltd and the PEHEL Foundation.
• Shares of PNB Housing Finance plunged 15–18% on August 1, hitting their lowest level in more than four months as investors weighed leadership uncertainty.
• The board has initiated a rigorous, transparent and merit-based search to appoint a new CEO and ensure continuity of governance.
• PNB Housing affirmed that its strategic priorities, business focus and growth trajectory remain firmly intact, underpinned by a 23% year-on-year net profit rise to Rs 534 crore in Q1 FY26.
• An investor call is scheduled for August 4 to address stakeholder queries and outline the succession roadmap.