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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

PTC India announced that the 24th Annual General Meeting (AGM) of the company will be held on 27 September 2023.

PTC India to hold AGM

PTC India Consolidated June 2023 Net Sales at Rs 4,847.80 crore, up 12.53% Y-o-Y

PTC India Standalone June 2023 Net Sales at Rs 4,569.65 crore, up 13.77% Y-o-Y

Parminder Chopra, who has the additional charge of chairman and managing director (CMD) of the company along with being the director of finance at PFC, was a nominee director at PTC India and part of the RMC that looked at corporate governance issues at PTC India arm.

As a promoter, we are raising questions regarding regulatory probe on PTC, subsidiary: PFC head

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

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

PTC India Ltd. is a holding company, which engages in the trading of electricity. It operates through the following segments: Power and Investment. The Power segment consists of trading and generation of power. The Investment segment focuses in the investment of equity, extending debt to power projects in generation, transmission, distribution, fuel resources and fuel related infrastructure. The company was founded on April 16, 1999 and is headquartered in New Delhi, India.

Watchers	52
52-Wk Low	67.50
52-Wk High	158.80

Market Cap	39.64B
Volume (M)	1.44M
52-Wk High	158.80
52-Wk Low	67.50

PTC.NSE PTC India Ltd.

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