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PTC India Fin trashes charges, says following best governance practices

Stock tanks 18.3% as independent directors resign

Company, firms, board of directors, IBC, insolvency, NPAs, loans

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Abhijit Lele Mumbai
PTC India Financial Services Ltd today refuted charges leveled by some independent directors about lapses in governance amid sharp 18.32 per cent fall in value of its stock on bourse.

The company is adhering to best corporate governance practices under guidance of promoter, regulator and Government of India, it said in filing with BSE.

The stock of the Delhi-based finance company closed 18.32 per cent lower at Rs 20.95 per share on BSE.

Last night, three independent directors of the finance company -- Kamlesh Shivji Vikamsey, Thomas Mathew T. and Santosh B. Nayar -- resigned from the board citing instances

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First Published: Jan 20 2022 | 7:36 PM IST

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