PTC India Limited has released its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report confirms that the company maintains robust corporate governance and compliance standards, although it highlights a specific past non-compliance regarding board composition. The company has since rectified the situation and paid the associated fines, reaffirming its commitment to adhering to all corporate governance mandates.
Commitment to Corporate Governance
As part of its ongoing dedication to transparency, PTC India Limited has published its secretarial compliance review for the fiscal year ending March 31, 2026. The evaluation, conducted by independent practitioners, assesses the company’s adherence to mandatory corporate standards and internal governance processes.
Review of Board Composition and Compliance
The compliance report addresses a specific period of non-compliance regarding board structure that occurred between April 13, 2025, and June 6, 2025. During this window, the company faced a temporary vacancy concerning the required number of Independent Directors. Following the appointment of the necessary personnel on June 7, 2025, the company successfully rectified the composition of its Board to align with all mandated requirements.
Resolution of Penalties
In relation to the aforementioned vacancy, regulatory exchanges levied a fine of ₹2,75,000 (excluding GST). PTC India Limited has confirmed that this amount has been duly paid. Since June 2025, the company has remained in full compliance with all relevant board composition requirements, ensuring robust oversight and governance.
Operating Standards and Policies
The review confirms that PTC India Limited continues to maintain high operational standards, including:
- Adoption and timely updates of all corporate policies.
- Maintenance of a functional and transparent website for stakeholder information.
- Strict adherence to insider trading prohibitions and disclosure protocols.
- Comprehensive performance evaluations for the Board and its various committees.
This report underscores the company’s proactive approach to resolving past administrative gaps and maintaining a disciplined approach to statutory obligations moving forward.
Source: BSE
