Please find enclosed the intimation on cessation of CFO of the company

Cfo ResignedManagement Changes View source PDF Explain this filing

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-1.6%Reaction day

₹60.00

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%-1.3% vs market

Telecommunication peers, median of 27sector · sector level-0.4%-1.2% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.2 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 Ramesh Goel has ceased to be the Chief Financial Officer of the company with effect from 12th June 2025. His earlier three-month tenure extension has ended following a response received from the Department of Finance, Government of Punjab, which has nominated a new CFO in his place. A Board Meeting has been scheduled for 19th June 2025 to formally approve the appointment of the new CFO. The company had previously extended Goel's tenure on 5th June 2025 in its 230th Board Meeting.

Likely market impact

This is a routine KMP change at a state government-owned company, with a replacement already nominated by the Punjab Government. Investors should monitor the 19th June Board Meeting for details of the incoming CFO. The change is unlikely to have a material impact on operations or stock price in the short term.