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SEBI has directed PTC India Financial Services to address corporate governance and other issues before conducting its board meeting

New Delhi, Jan 24: The Securities and Exchange Board of India (SEBI) has asked PTC India Financial Services (PFS) to address corporate governance and other issues raised by its former Chairman and outgoing Independent Directors, before holding its board meeting. The capital markets regulator has also asked PFS to file an Action Taken Report on these issues within four weeks, the company said in a regulatory filing. A meeting of the Board of Directors was scheduled to be held on […]

At present, there are three members on board of the PFC, Rajib Kumar Mishra (CMD of PTC India), Pankaj Goel (CFO PTC India) and PFS MD and CEO Pawan Singh.

Shares of PTC India Financial Services Ltd fell nearly 19% in morning trade on Thursday following the resignation of three independent directors (IDs) over severe governance lapses and compliance in the state-run company, especially by its managing director (MD) and chief executive officer (CEO) Pawan Singh.