PTC India has said that it will hold a board meeting on Saturday post the recent allegations raised by three independent directors on lapses in governance and operations at its financial lending unit PTC India Financial Services.
PTC India Share: Shares of PTC India Financial Services (PFS) crashed as much as 19.49 per cent on Thursday, a day after the non-banking financial company said all three independent directors had resigned over corporate governance issues.
The three independent directors of PTC India Financial Services who resigned on Wednesday have said in their letter that the current Managing Director and CEO of PFS, Pawan Singh did not allow Ratnesh to join the company as Director (Finance) .
Get latest articles and stories on Latest News at LatestLY. Shares of PTC India Financial Services slumped over 19 per cent in early trade on Thursday after all three independent directors on the company s board resigned over corporate governance issues and other matters. Latest News | PTC India Financial Slumps over 19 Pc After Resignation of All 3 Independent Directors.