PTC India Financial Services Limited has informed the Exchange about update on Orders of Regional Director (North), MCA
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PTC India Financial Services has paid a total penalty of Rs. 6.40 Lakh to close a long-running compliance matter dating back to FY 2021-22. The company had filed three appeals with the Regional Director (North), Ministry of Corporate Affairs, challenging penalties originally imposed by the Registrar of Companies for violations of the Companies Act, 2013. All three appeals were dismissed on July 25, 2025, and the RD upheld the original penalties: Rs. 70,000 each for two violations related to Independent Directors' rights, and Rs. 5,00,000 for failure to maintain the proper composition of the Nomination and Remuneration Committee. The company says there is no material financial or operational impact beyond the Rs. 6.40 Lakh penalty, for which provisions were already made in the books.
The matter is now fully closed with the penalty paid, so there is no further overhang. The penalty amount is small relative to the company's size, and the company has confirmed it was already provisioned for, meaning no surprise hit to earnings.