Punjab Communications Limited has announced a significant leadership change following a directive from its holding company regarding the Managing Director position. The company has informed the Bombay Stock Exchange about the immediate withdrawal and replacement of its Managing Director as per regulatory requirements under SEBI regulations.

Leadership Transition Details

Punjab Information and Communication Technology Corporation Ltd., the holding company, issued letter No. PICTC:/SECTL/143896/2026 dated March 10, 2026, formally withdrawing the nomination of Sh. Parminder Pal Singh Sandhu, IAS as Managing Director. The same communication nominated Sh. Harsuhinder Pal Singh Brar, IAS as the replacement Managing Director with immediate effect.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The change has been implemented as per the provisions of the Memorandum & Articles of Association of the Company, ensuring full compliance with corporate governance requirements.

Next Steps

Punjab Communications Limited has indicated that a Board Meeting will be convened shortly to regularize the appointment of Sh. Harsuhinder Pal Singh Brar, IAS as Managing Director. The company will submit the complete details required under Regulation 30 to the stock exchange after obtaining due approval from the Board of Directors.

Corporate Structure Impact

The transition reflects the holding company's administrative decisions and maintains continuity in the company's leadership structure. Both the outgoing and incoming Managing Directors are IAS officers, ensuring administrative expertise continues to guide the company's operations. The immediate implementation of the change demonstrates the structured approach to corporate governance within the Punjab Communications group.

Punjab Communications Limited has published its unaudited financial results for the quarter ended December 31, 2025, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were taken on record by the Board of Directors in their meeting held on February 13, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 shows mixed results compared to previous periods. The telecommunications equipment manufacturer reported total income from operations and other key financial metrics for the quarter.

Key Financial Metrics

The company's operational income for Q3FY26 stood at ₹498.82 lacs, representing a significant increase from ₹354.72 lacs in the corresponding quarter of the previous year. However, this was lower than the annual figure of ₹1,721.43 lacs for FY25.

The company reported a net loss of ₹90.86 lacs for the quarter before and after tax, indicating no tax liability for the period. This compares to a net profit of ₹54.97 lacs in Q3FY25 and a net loss of ₹37.86 lacs for the full year FY25.

Share Capital and Earnings

Punjab Communications maintained its equity share capital at ₹1,202.36 lacs with a face value of ₹10 per share throughout the reported periods. The company's earnings per share for Q3FY26 was (0.76), indicating a loss per share, compared to ₹0.46 in Q3FY25 and (0.31) for FY25.

Regulatory Compliance

The financial results were published in newspapers 'The Financial Express' and 'Desh Sewak' dated February 14, 2026, as required under regulatory provisions. The company has made the complete financial results available on the BSE website (Security Code: 500346) and its corporate website at www.puncom.com .

The results can be accessed through the company's dedicated financial results section at https://puncom.com/annually-quarterly-financial-results/ and are also available via QR code scanning as mentioned in the published notice.

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