PTC India Limited has informed the Exchange Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ( SEBI Listing Regulations ).
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PTC India Limited received penalty notices from both BSE and NSE on 29th August 2025 for non-compliance with Regulation 17 of SEBI Listing Regulations due to a vacant Independent Director position. The vacancy lasted 55 days, from 13th April 2025 to 6th June 2025, triggered after the appointment of a Whole Time Director on 13th January 2025 required an Independent Director to be appointed within three months. Each exchange levied a fine of Rs. 2,75,000 (Rs. 5,000 per day for 55 days), bringing the total penalty to Rs. 5.50 lakh plus GST. The company has since become compliant with Regulation 17 from 7th June 2025 following the superannuation of a Whole Time Director, and the fines are being paid.
The penalty amount is minimal (Rs. 5.50 lakh total) and the company has confirmed no financial, operational, or other material impact. This is a routine compliance issue that is unlikely to affect the stock price or shareholder value meaningfully.