PTC INDIA ; SEBI Pulls Up PTC INDIA Financial, Says No Board | Stock Market Latest News

PTC INDIA ; SEBI Pulls Up PTC INDIA Financial, Says No Board Meeting Till Corporate Governance Issue Addressed

Securities and Exchange Board of India has pulled up PTC India Financial Services (PFS), asking the company not to hold a board meeting until the corporate governance issues are addressed and the company has appointed new independent directors, three sources close to the development told Moneycontrol.

The company received an email on Saturday from the regulator, ahead of its board meeting which was scheduled for later in the day. The email came after the management of the company and its parent PTC India (PTC) held a press briefing on Friday, addressing the corporate governance issues raised by independent directors who recently resigned.