PTC India Financial Services Ltd (PFS)

PTC India Financial Services Faces Corporate Governance Probe - 24 Jun, 2024

Former chairman and non-executive director of PTC India, Rajib Kumar Mishra, has been barred from directorship in a listed entity for six months due to corporate governance lapses. The Securities Appellate Tribunal (SAT) has paused the Securities and Exchange Board of India (SEBI) order until the next hearing.

SEBI Order Forces Rajib Kumar Mishra Out of PTC India - 18 Jun, 2024

PTC India Financial Services' former CMD, Rajib Kumar Mishra, is set to challenge SEBI's order that bars him from being a director in any listed entity for six months. Following the order, he has ceased to be the chairman and non-executive director of PTC India Financial Services Ltd. and also CMD of PTC India.

Former CMD of PTC India to Challenge SEBI Order - 17 Jun, 2024

Rajib Kumar Mishra, former CMD of PTC India, is exploring legal avenues to challenge SEBI's order which led to his removal from the company. Former MD of PTC India Financial Services, Pawan Singh, has also been prohibited from holding any position in a listed firm for two years and fined Rs 25 lakh. Manoj Jhawar appointed as Chairman and Managing Director till regular CMD is appointed.

PTC India Financial Services Receives Credit Rating Downgrade - 15 Jun, 2024

ICRA has downgraded PTC India Financial Services' credit ratings for non-convertible debentures, term loans, short-term fund-based loans and commercial paper. The downgrade factors in the significant decline in lending book, weak asset quality indicators, subpar profitability, and concerns of corporate governance issues highlighted by independent directors.

Sebi Restrains PTC India Financial Services Chairman - 14 Jun, 2024

PTC India Financial Services' acting chairman, Rajib Kumar Mishra, has been restrained by Sebi from holding any position of director or key managerial personnel in any listed firm for six months and imposed a penalty of Rs 10 lakh on him for corporate governance lapses. The company's former MD and CEO, Pawan Singh, has also been prohibited from holding any position of director or key managerial personnel in any listed firm or intermediary registered with Sebi for two years.

SEBI Fines Former Executives of PTC India Financial Services Ltd - 13 Jun, 2024

The Securities and Exchange Board of India (SEBI) has fined former MD & CEO Pawan Singh Rs 25 lakh and barred him from holding a directors post in a listed company for two years, while Rajib Kumar Mishra was fined Rs 10 lakh and barred from director positions for six months due to corporate governance lapses.

PTC India Financial Services Faces SEBI Penalty Over Governance Lapses - 12 Jun, 2024

The Securities and Exchange Board of India (SEBI) has imposed a penalty on PTC India Financial Services over corporate governance lapses. The company's CMD, Rajib Kumar Mishra, has been fined Rs 10 lakh and barred from holding a director position for six months, while the former MD & CEO, Pawan Singh, has been fined Rs 25 lakh and barred for two years.

PTC India Financial Services FY24 Earnings Decline - 06 Jun, 2024

PTC India Financial Services reports a decline in earnings for FY24, with EPS at ₹2.50 (vs ₹2.74 in FY23) and net income at ₹1.61b (down 8.6% from FY23). Revenue also decreased by 5.1%. The stock is down 4.7% from a week ago.