PTC India Limited has informed the Exchange about appointment of M/s. A.K. Rastogi & Associates, Practicing Company Secretary, (Firm Regn No. P2025UP104900, Peer Review Certificate No. 3322/2023) as Secretarial Auditor for a term of five (5) consecutive financial years beginning from the financial year 2025-2026 till the financial year 2029-2030 and fixed their remuneration, subject to the approval of the members at the ensuing Annual General Meeting of the Company
PTC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PTC India Limited's board, at its meeting on 23rd June 2025, approved the appointment of M/s. A.K. Rastogi & Associates as Secretarial Auditor for five consecutive financial years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM. The firm is a peer-reviewed practicing company secretary firm led by Mr. Anil Kumar Rastogi, who has over 44 years of experience and has worked with major CPSEs like NTPC, Powergrid, ONGC, and NHPC. Additionally, the board approved an alteration to the Main Object Clause of the Memorandum of Association to include the business of broking, dealing, clearing, and trading in securities, commodity derivatives, and other financial instruments, enabling the company to expand into a new business vertical.
The MOA alteration is a strategic move that could diversify PTC India's revenue streams by entering financial markets and trading activities beyond its core power trading business, though execution and regulatory approvals will be key. The secretarial auditor appointment is a routine compliance matter and is unlikely to materially affect shareholders.