Punjab Communications Delays Q1 FY2026 Results Due to CFO Transition
Punjab Communications Limited (Puncom) has postponed the release of its quarterly financial results for the period ending June 30, 2025. The delay is attributed to a recent change in the company's Chief Financial Officer. CA Saurav Gupta from the Department of Health and Family Welfare, Government of Punjab, took charge as the new CFO on June 12, 2025. The company's 232nd Board Meeting has been rescheduled from August 14 to August 26, 2025, to consider and approve the unaudited quarterly financial results. Puncom acknowledged that this rescheduled date falls beyond the regulatory deadline set by SEBI but assured stakeholders of its commitment to future compliance.
*this image is generated using AI for illustrative purposes only.
Punjab Communications Limited (Puncom) has announced a delay in submitting its quarterly financial results for the period ending June 30, 2025. The company, which operates in the telecommunications sector, cited a recent change in its Chief Financial Officer (CFO) as the primary reason for the postponement.
New CFO Appointment
According to a regulatory filing, CA Saurav Gupta from the Department of Health and Family Welfare, Government of Punjab, has taken charge as the new CFO of Punjab Communications Limited. This transition occurred on June 12, 2025, following government orders dated June 10, 2025.
Rescheduled Board Meeting
The company's 232nd Board Meeting, originally scheduled to be held by August 14, 2025, as per SEBI regulations, has been rescheduled to August 26, 2025. This meeting will consider and approve the unaudited quarterly financial results for the quarter ended June 30, 2025.
Reasons for Delay
Puncom attributed the delay to the following factors:
- Recent change in the CFO position
- Non-availability and finalization of unaudited quarterly financial results by the due date
In its communication to the Bombay Stock Exchange, the company stated, "Due to consequent change in CFO of the Company, there is a possibility in delay of finalization of results by the due date i.e. 14.08.2025."
Regulatory Compliance
Punjab Communications Limited acknowledged that the rescheduled date falls beyond the regulatory deadline set by the Securities and Exchange Board of India (SEBI). As per SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, listed companies are required to convene a board meeting within 45 days from the end of each quarter to review and record their financial results.
The company has assured stakeholders of its commitment to regulatory compliance, stating, "We further assure to be more compliant with the provisions of SEBI (LODR), Regulations, 2015 in the future."
Investors and stakeholders of Punjab Communications Limited are advised to take note of this delay in financial reporting. The company has promised to submit the notice of the rescheduled Board Meeting to the stock exchange shortly, in compliance with Regulation 29 of SEBI (LODR) Regulations, 2015.
Historical Stock Returns for Punjab Communications
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +2.46% | -0.97% | +9.45% | -8.92% | +52.69% |
16
