Please find enclosed herewith an intimation regarding the change in CFO of the Company
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Punjab Communications Ltd has announced a change in its Chief Financial Officer. CA Deepika Arora has ceased to be CFO and was relieved by the Board on 20th May, 2026. CA Ajay Aggarwal, a qualified Chartered Accountant associated with the company since 1991, has been appointed as interim CFO for 11 days (21st May to 31st May 2026) until his superannuation. Mr. Tony Bansal, an existing regular employee with an MBA in Finance, has been appointed as the new permanent CFO effective 1st June, 2026. Both appointments are internal employees, not external hires.
The CFO change is due to the incumbent's relief and an interim arrangement before a permanent successor takes over. This is a routine transition with no immediate governance concerns for shareholders.