PNB Housing Finance shares plunged by nearly 10% to ₹887.60 following the announcement that MD & CEO Girish Kousgi will resign to pursue external opportunities, effective October 28, 2025 . His resignation was accepted at a board meeting held on July 31, 2025 . 🔍 Share Price Reaction & Immediate Impact Around 9:28 AM on August 1, 2025 , the stock hit the lower circuit band, trading around ₹887.60—a drop of nearly 10%. Other reports indicated that in morning trades, shares declined nearly 15%, with intra-day lows hitting ₹838.30 on BSE. đź’Ľ Leadership Change: What Happened & Why It Matters Girish Kousgi tendered his resignation on July 30 , which was accepted on July 31, 2025 . He will work closely with the board and senior management to oversee a smooth transition until his final day at the end of October 2025. Kousgi also resigned as director of subsidiary entities— PHFL Home Loans and PEHEL Foundation . 🔄 Search for Successor The company confirm...
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