Please find enclosed herewith an intimation regarding change in CFO of the Company
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Punjab Communications Limited has informed the stock exchange about a change in its Chief Financial Officer. CA Ajay Aggarwal ceased to be the CFO effective 31st May, 2026 upon attaining the age of superannuation (retirement). The Board of Directors, at its 239th meeting held on 20th May, 2026, appointed Mr. Tony Bansal as the new CFO effective 1st June, 2026. Mr. Tony Bansal is an existing regular employee of the company and holds an MBA in Finance with prior finance-related work experience. The transition was smooth, with no disruption in the finance leadership role.
This is a routine leadership transition triggered by the retirement of the existing CFO on superannuation, not a sudden or unexplained exit. The replacement is an internal candidate familiar with the company's operations, which should help ensure continuity in financial reporting and controls. No material impact on shareholders is expected.