New Delhi: State-owned Power Finance Corporation (PFC) on Thursday said that its independent director Bhaskar Bhattacharya has resigned, citing plans to contest in the coming assembly polls in West Bengal. Bhattacharya was appointed on May 13, 2025, for one year by the Ministry of Power.

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"Bhaskar Bhattacharya, Independent Director on the Board of PFC, has tendered his resignation from the position of Independent Director of the Company vide his email dated April 1, 2026," the company said in a regulatory filing.

In his resignation communication, he has stated that, due to his proposed candidature in the West Bengal assembly election, he has resigned from the board so as to avoid any potential conflict of interest, the filing said.

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"I have been selected as a candidate for the forthcoming assembly elections in West Bengal from the Serampore constituency. I hereby resign from my existing post of independent director, just to avoid any conflict of interest. There is no other reason for my resignation," said Bhattacharya in his resignation letter.

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