PNB Gilts Ltd. announced that Shri. Rakesh Sethi has resigned from the Directorship of the company with effect from January 09, 2013, and his resignation was accepted in the board meeting held on January 23, 2013. Further in same meeting, the Board of Directors of the company has also appointed Shri.

Sadhu Ram Bansal, Executive Director- Punjab National Bank as an Additional Director on the Board of the company.