Annual Secretarial Compliance Report for year ended 31st March 2026 is enclosed.
PTC · price
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PTC India Limited has filed its Annual Secretarial Compliance Report for FY 2025-26, reviewed by Practicing Company Secretary M/s. Ashish Kapoor & Associates. One compliance deviation was identified: the Board composition was not in compliance with SEBI Regulation 17(1)(b) from April 13, 2025 to June 6, 2025 (55 days) as the company failed to appoint a required Independent Director within the stipulated 3-month period after a Whole-time Director joined on January 18, 2024. Stock exchanges BSE and NSE each levied a fine of Rs. 2,75,000 (excluding GST). The company has since rectified this non-compliance with the Board composition being in line with SEBI requirements from June 7, 2025. All other compliance areas including Secretarial Standards, policies, website disclosures, insider trading norms, related party transactions, and document preservation were found satisfactory.
The compliance violation is a negative signal as it reflects governance gaps; however, the fine amount is relatively modest and the issue has been remedied. Repeated board composition issues from prior year indicate governance oversight needs strengthening. No major impact on stock price expected since the deviation was already known and corrected.