Pursuant to Reg 30 of SEBI (LODR) Regulations, 2015, it is hereby informed that Sh. Parminder Pal Singh Sandhu ceased to be Managing Director of our Company pursuant to withdrawal of nomination ....

CEO resignedExternal CEO appointedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.4%Reaction day

₹52.39

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-2.3% vs market

Telecommunication peers, median of 26sector · sector level-1.1%-1.3% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.3 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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Sessions after the filingfrom the prior close

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Reaction day

-2.4-0.1-2.3-1.1-1.3

Next day

+1.1-0.4+1.6-0.4+1.6

+0.8-3.3+4.1-4.6+5.4

-3.1-3.9+0.8-5.4+2.3

-4.6-2.9-1.7-4.3-0.3

-3.6-0.3-3.3-2.2-1.4

-6.5-2.3-4.2-3.6-2.9

15d

-7.1-1.4-5.7-5.1-2.1

-5.2+5.1-10.3+1.5-6.7

-0.1+16.0-16.1+10.7-10.8

-7.3+14.0-21.3+8.7-16.0

UpDownMarket · Nifty Microcap 250Sector · Telecommunication peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Punjab Communications Limited announced on 10th March 2026 that its holding company, Punjab Information and Communication Technology Corporation Ltd., has withdrawn the nomination of Sh. Parminder Pal Singh Sandhu, IAS (DIN: 10298745) as Managing Director. Consequently, he ceased to be MD with immediate effect from 10th March 2026. In his place, the holding company has nominated Sh. Harsuhinder Pal Singh Brar, IAS to be appointed as the new Managing Director. A board meeting will be convened shortly to regularize the new appointment and further details will be shared with the exchange thereafter.

Likely market impact

This is a routine government-driven leadership change at a PSU subsidiary, as Punjab Communications is controlled by the Punjab state government through its holding company. The change is unlikely to materially impact business operations in the short term, but investors should watch for the formal board approval and the new MD's strategic direction.