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Punjab Communications informs about change in management

25 Aug 2023 Evaluate

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Punjab Communications has informed that Holding Company, Punjab Information and Communication Technology Corporation vide letter No. PICTC:/SECTL/I/54787/2023 dated 24th August, 2023 has withdrawn the nomination of Mohinder Pal, IAS (DIN: 02975536) as Managing Director on the Board of the company with effect from 24th August, 2023. However, he shall continue to act as Senior Vice-Chairman-cum-Director on the Board of the company. Further, the Company shall convene a Board Meeting to appoint the Managing Director on the Board of the company shortly and the same shall be informed to the Exchange in due course of time.

The above information is a part of company’s filings submitted to BSE.
Peers
Company Name CMP
Black Box 801.75
ITI 252.95
Tejas Networks 504.00
Quadrant Televenture 0.89
Valiant Communicatns 1476.85
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