Please find enclosed intimation regarding cessation of CFO Of the Company

Cfo ResignedManagement Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-3.5% vs market

Telecommunication peers, median of 28sector · sector level-0.6%-3.4% vs sector

On the reaction day the stock moved 3.5 pts less than Nifty Microcap 250 and 3.4 pts less than its Telecommunication peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

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.

Likely market impact

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.