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PTC India Financial Services shares down 18% on resignation of independent directors

Shares of PTC India Financial Services declined around 18 per cent in early trade on Thursday as the company on Wednesday announced that three of its independent directors have resigned from their posts with immediate effect.At 11.15 a.m., the . ....

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PTC India Financial settles down over 18% after resignation of all 3 independent directors

PTC India Financial settles down over 18% after resignation of all 3 independent directors ....

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PTC India Financial Services MD did not allow CFO to join, although Board appointed him (Ld)

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) and CFO although he was appointed by a board run process. ....

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PTC India Financial slumps over 19 pc after resignation of all 3 independent directors - Jammu Kashmir Latest News | Tourism

New Delhi, Jan 20: 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. On the BSE, the shares tanked 19.49 per cent to a low of Rs 20.65 in early trade. It was later trading at Rs 21.20, down 17.35 per cent. In tandem, the stock fell 19.10 per cent to Rs 20.75 on the NSE […] ....

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Three Directors Resign From PTC India Financial Board Citing Governance Issues

Infrastructure financier PTC India Financial Services Ltd. on Wednesday informed the exchanges that three of its independent directors had resigned, citing serious governance lapses at the company.

Resignation letters submitted by directors, including Kamlesh Shivji Vikamsey, Thomas Mathew T and Santosh B Nayar, state that there were lapses in governance and compliance by PTC India Financial's management. The resignations are effective Wednesday.
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