PTC India board to meet Jan 22 after allegations of irregularities

Ptc India Financial Services

21/01/2022 11:22

NEW DELHI, Jan 21 (Reuters) - PTC India will hold its first
board meeting on Saturday following recent allegations of lapses
in governance and operations at its financial lending units.
    Rajib Mishra, the company's chairman, did not elaborate on
the agenda of the meeting. 
    Mishra was addressing a news conference after shares of
non-banking financial company PTC India Financial Services Ltd
(PFS)  PTCN.NS  continued to fall on Friday.
    The firm was accused of lapses in corporate governance by
three independent directors who resigned on Thursday.
 urn:newsml:reuters.com:*:nL4N2U0164
    Mishra promised an investigation into the matter and has
formed an internal committee which he said would submit a report
in 30 days.
    
    
     

 (Reporting by Nidhi Verma and Manoj Kumar; editing by Jason
Neely)
 ((nidhi.verma@thomsonreuters.com; +91 11 49548031; Reuters
Messaging: nidhi.verma.thomsonreuters.com@reuters.net))