PTC India Financial Services Faces Rs 6.4 Lakh Penalty as Appeals Dismissed 5 days ago
PTC India Financial Services Ltd (PFS) has been ordered to pay Rs 6.40 lakh in penalties for violations during FY 2021-22. The Regional Director (North), Ministry of Corporate Affairs, dismissed PFS's appeals against Show Cause Notices. Penalties include Rs 0.70 lakh for failing to facilitate Independent Directors in seeking legal advice, Rs 0.70 lakh for delays in sharing documents, and Rs 5.00 lakh for improper composition of the Nomination and Remuneration Committee. PFS stated no material impact on operations or finances beyond the penalty amount.
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More news about PTC India Financial Services
24Jun 25
PTC India Financial Services Issues LOI to Resolve ₹116 Crore Vento Power Debt
PTC India Financial Services (PFS) has issued a Letter of Intent (LOI) to Enviro Infra Engineers to resolve a ₹116.00 crore debt owed by Vento Power. Enviro Infra Engineers emerged as the highest bidder in the resolution process. This move is part of PFS's strategy to manage its loan portfolio and recover outstanding debts effectively.
02Jun 25
PTC India Financial Services Receives ₹125 Crore from Resolution Plan
PTC India Financial Services (PFS) has received its full share of ₹125 crore as part of an approved resolution plan. This significant financial event is expected to improve the company's liquidity position and potentially impact its overall financial health. The receipt of funds suggests the resolution of certain financial or operational challenges, although specific details about the nature of the plan were not disclosed.
10May 25
PTC India Financial Services Reports Fourfold Increase in Q4 Net Profit
PTC India Financial Services Ltd (PFS) announced its Q4 financial results, showing a fourfold increase in consolidated net profit to ₹582.00 million, up from ₹138.00 million year-over-year. However, revenue declined by 14.77% to ₹1.50 billion from ₹1.76 billion in the same quarter last year. The contrasting movements suggest successful implementation of cost-cutting measures and improved profit margins, despite facing revenue challenges.