Please find enclosed intimation regarding cessation of CFO Of the Company
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Punjab Communications Ltd has informed the stock exchange that CA Saurav Gupta has ceased to be the Chief Financial Officer of the company with effect from 3rd December 2025 (afternoon). Mr. Gupta had been appointed as CFO on 12th June 2025 following a board decision in the 231st Board Meeting held on 19th June 2025, just about six months before this cessation. The Department of Finance, Government of Punjab, cancelled the charge assigned to him via its letter dated 2nd December 2025, after which Mr. Gupta formally relinquished the CFO role. The company has confirmed the cessation under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements, 2015.
The company has lost its CFO within roughly six months of appointment, which is a notable governance and continuity concern. Given the government-directed nature of the change, investors should watch for the appointment of a new CFO, as prolonged vacancy at this key position could affect financial reporting and disclosures.