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There are concerns over the company’s risk management practices and the robustness of its governance framework, the regulator said.

MC Exclusive | RBI flags loan discrepancies, concentration of power at PTC India Financial

SEBI is believed to be questioning PTC India and its CMD on why the company did not prioritise the appointment of new independent directors after four of them resigned citing corporate governance issues.

Exclusive | PTC panel to look into CMD’s appointment after SEBI questions process: Sources

“The power ministry will not protect anybody if someone is found doing wrong after investigations. But right now, it’s all allegations which are being investigated by the most able authorities,” Secretary Alok Kumar told Moneycontrol.

Exclusive | Power ministry has not advised PSU promoters on PTC's regulatory scrutiny, says Secretary 

On June 28, shareholders also passed resolutions relating to the appointment of Rashmi Verma, Jayant Dasgupta, and Narendra Kumar as independent directors, and Mahendra Kumar Gupta and Ravisankar Ganesan as non-executive nominee directors.

PTC India CMD Mishra's appointment backed by PSU promoters despite regulatory scrutiny

NTPC, PGCIL, PFC, and NHPC have nominee directors on the board of PTC. LIC also own stake in the company.

All eyes on PSUs holding stake in PTC India as CMD appointment vote approaches on June 28 amid regulatory scrutiny

PFS has been under the scanner since January 2022 when three independent directors resigned from the company citing lapses in corporate governance.

ROC finds PFS, MD Pawan Singh in violation of Companies Act, penalises in three matters

This comes after the regulator issued a show-cause notice in May to Mishra, for his role in corporate governance lapses at subsidiary PFS

Exclusive: Sebi questions process of Mishra’s appointment as PTC India CMD, say sources

Amid regulatory scrutiny, Mishra’s appointment as Chairman &amp; Managing Director of PFS parent company PTC India comes up for shareholder approval on June 28.

Exclusive | PFS Chairman Mishra did not act in shareholder interest: SEBI

The present MD and CEO Pawan Singh has gone on leave following a directive from RBI amid corporate governance concerns.

PTC India Financial says MD Pawan Singh on leave, search for replacement on

PTC India Fin Standalone March 2023 Net Sales at Rs 193.75 crore, down 15.06% Y-o-Y

PTC India Financial Services Ltd. engages in the provision of total financing solutions to the energy value chain. The firm is also involved in investing in equity or extending debt to road infrastructure projects and power projects in generation, transmission, distribution, fuel resources, and fuel related infrastructure. The company was founded on September 8, 2006 and is headquartered in New Delhi, India.

Watchers	21
52-Wk Low	12.25
52-Wk High	31.40

Market Cap	18.56B
Volume (M)	6.62M
52-Wk High	31.40
52-Wk Low	12.25

PFS.NSE PTC India Financial Services Ltd.

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