Pursuant to the Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that the Board, in its 231st Board Meeting held on 19th June, 2025 has approved the appointment of ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Punjab Communications Limited has appointed CA Saurav Gupta as the new Chief Financial Officer of the company, effective from 12th June 2025. The appointment was approved by the Board at its 231st Board Meeting held on 19th June 2025. CA Saurav Gupta is a qualified Chartered Accountant and Law Graduate with 12 years of experience in various financial roles across Punjab Government departments and undertakings. The appointment follows a nomination by the Department of Finance, Government of Punjab, indicating the company remains under government influence as a Punjab state undertaking.
This is a routine KMP appointment with no negative implication for shareholders; however, the CFO being a government nominee reinforces the state-owned character of the company and signals continued Punjab Government oversight over financial decisions.