Punjab Communications appoints Tony Bansal as CFO

Punjab Communications Limited has appointed Mr. Tony Bansal as its Chief Financial Officer effective June 1, 2026, succeeding CA Ajay Aggarwal who ceased to hold the position upon attaining the age of superannuation on May 31, 2026. The transition follows a decision by the company's Board during its 239th meeting held on May 20, 2026.

Mr. Tony Bansal is a regular employee of the company and brings previous experience related to finance, along with an MBA in Finance. The appointment was made to fill the vacancy created by the retirement of the previous CFO.

Details of the Change

The company disclosed the specifics of the leadership change in a filing submitted to the Bombay Stock Exchange. The table below outlines the key particulars regarding the cessation and appointment.

Particulars	CA. Ajay Aggarwal	Mr. Tony Bansal
Reason for Change	Ceased to be CFO upon attaining the age of superannuation	Appointed as Chief Financial Officer w.e.f. 01 June, 2026 by the Board of Directors in its 239th Board Meeting held on 20 May, 2026
Date of Cessation / Appointment	31 May, 2026	01 June, 2026
Brief Profile	NA	Mr. Tony Bansal, having MBA in Finance, is a regular employee of the Company and has previous work experience related to finance.
Disclosure of relationships between Directors	NA	NA

The intimation was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. CA Ajay Aggarwal's tenure concluded at the end of May, marking the end of his service as the financial head of the organization.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.04%	-0.12%	-2.94%	-19.67%	-24.33%	+42.90%

Punjab Communications Limited has reported its audited financial results for the fiscal year ended March 31, 2026, marking a return to profitability. The company’s board of directors approved the financial statements during its meeting held on May 20, 2026.

Financial Performance

For the full year, Punjab Communications posted a net profit of ₹297.60 lacs, reversing the net loss of ₹37.86 lacs recorded in the previous fiscal year. This turnaround was driven by a 44.6% increase in total revenue, which climbed to ₹3,729.39 lacs from ₹2,579.77 lacs in FY25. Revenue from operations rose to ₹2,684.80 lacs, up from ₹1,721.43 lacs in the prior year.

The company’s basic earnings per share (EPS) improved to ₹2.48 for the year ended March 31, 2026, compared to a loss of ₹0.31 per share in the previous year. For the quarter ended March 31, 2026, the net profit stood at ₹30.40 lacs, with revenue from operations at ₹702.47 lacs.

Operational Highlights

Other income for the year increased to ₹1,044.59 lacs, contributing to the total revenue. The company managed its total expenses, which amounted to ₹3,431.79 lacs for the year, compared to ₹2,683.40 lacs in the previous year. Employee benefits expense was a significant component, recorded at ₹1,360.73 lacs.

Financial Position

As of March 31, 2026, the company's total assets were valued at ₹8,893.83 lacs, an increase from ₹8,086.94 lacs in the previous year. The equity and liabilities included a share capital of ₹1,204.80 lacs and other equity of ₹1,840.48 lacs. Cash and cash equivalents improved to ₹617.52 lacs from ₹399.52 lacs at the end of the previous fiscal year.

Key Financial Metrics

Metric	FY26 (₹ in Lacs)	FY25 (₹ in Lacs)
Revenue from Operations	2,684.80	1,721.43
Total Revenue	3,729.39	2,579.77
Total Expenses	3,431.79	2,683.40
Net Profit for the Period	297.60	(37.86)
Basic EPS	2.48	(0.31)

Auditor's Report

The statutory auditors, Charanjit Singh & Associates, issued a qualified opinion on the financial statements. The qualifications primarily relate to the valuation of inventory, which was not done in compliance with Ind AS 2 using the FIFO method, and the absence of an accounting policy to estimate Expected Credit Loss (ECL) for trade receivables. The auditors also noted material weaknesses in the company's internal financial controls over financial reporting regarding inventory valuation.