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PTC India's independent director Rakesh Kacker resigns amid PFS saga

PTC India informed BSE about resignation by Kacker and also appended resignation letter along with communication.

Should investors at PTC India Financial be worried?
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Abhijit Lele Mumbai
Rakesh Kacker, Independent Director, PTC India Ltd today resigned from board expressing anguish over serious governance issues at subsidiary PTC India Financial Services Ltd (PFS). Kacker was also independent director on board of PFS till December 31, 2021.

PTC India informed BSE about resignation by Kacker and also appended resignation letter along with communication.

“It is my unfortunate duty to inform you that I am resigning from the position of Independent Director in PTC India Limited (PTC) with immediate effect”, Kakcer said in letter addressed to chairman & managing director (CMD) and board members of PTC India.

He has seen

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First Published: Jan 21 2022 | 11:40 PM IST

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