Punjab communications has announced changes in its independent directors under Regulation 30 of SEBI (LODR) Regulations, 2015. The company informed the Bombay Stock Exchange about the cessation of two directors and appointment of two new independent directors effective March 25, 2026.

Director Changes Overview

The board changes involve both cessations and appointments occurring on consecutive days. CA Devinder Kumar Singla and Dr. Neelu Jain ceased to be independent directors on March 24, 2026, due to completion of their second term as independent directors. The Board of Directors approved the appointment of CA Shashi Bhushan Aggarwal and Dr. Ashneet Kaur as new independent directors through circulation on the same day.

New Appointees Profile

The newly appointed independent directors bring diverse expertise to the board. CA Shashi Bhushan Aggarwal is a Fellow Chartered Accountant with over a decade of experience and holds specialized certifications in Concurrent Audit of Banks. He is an active practicing member of the Institute of Chartered Accountants of India and is associated with Bhushan Aggarwal & Co, operating from Aggar Nagar, Ludhiana, offering expertise in audit, taxation, and financial consultancy.

Dr. Ashneet Kaur brings strong research background and institutional experience. She is associated with leading institutions including the Indian School of Business and SP Jain Institute of Management and Research. Her professional experience includes work with global firms such as McKinsey & Company, Deloitte, and ATOS. Dr. Kaur holds a PhD in Human Resource Management from IIM Ahmedabad and has multiple publications in reputed international journals.

Appointment Terms and Compliance

Both new independent directors have been appointed for a period of five years each starting March 25, 2026. They will not be liable to retire by rotation, subject to approval of shareholders in the next general meeting of the company. The company has confirmed that both appointees are not debarred from holding director positions by any SEBI order or other authority, in compliance with SEBI Circular No. LIST/COMP/14/2018-19 dated June 20, 2018.

The appointments maintain the company's compliance with corporate governance requirements while bringing fresh perspectives and expertise to the board through the new independent directors' diverse professional backgrounds in finance, audit, research, and consulting.

Punjab Communications Limited has announced a key leadership change with the appointment of Sh. Harsuhinder Pal Singh Brar, IAS as Managing Director. The appointment was approved by the Board in its 238th Meeting held on March 19, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015.

Board Approval and Appointment Details

The Board approved the appointment of Sh. Harsuhinder Pal Singh Brar, IAS as Managing Director in place of Sh. Parminder Pal Singh Sandhu, IAS with effect from March 10, 2026. The appointment follows the company's continuation letter dated March 10, 2026, and complies with regulatory requirements under SEBI regulations.

Professional Background

Sh. Harsuhinder Pal Singh Brar is a 2020 Batch IAS Officer currently serving as Director, Higher Education, Punjab. He also holds the position of Managing Director at Punjab Information & Communication Technology Corporation Limited (Punjab Infotech). His previous roles include Director, School Education, Chandigarh Administration and Director, Higher Education, Chandigarh.

Regulatory Compliance

The company has affirmed that the newly appointed director is not debarred from holding the office of director by virtue of any SEBI order or any other authority, as required under SEBI Circular No. LIST/COMP/14/2018-19 dated June 20, 2018. The appointment details have been disclosed in accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Relationships

Sh. Harsuhinder Pal Singh Brar was nominated by Punjab Information and Communication Technology Corporation Limited, the holding company of Punjab Communications Limited. As per regulatory disclosure requirements, he is therefore related to other directors appointed by the holding company.