PTC India Limited — Important, 14-12-2024: General Updates

PTC India Limited clarified its position regarding speculation in various media about former CMD Dr. Rajib K. Mishra. The company confirmed that Dr. Mishra has not been associated with the corporation since June 12, 2024. In a board meeting, held on December 13, 2024, the board noted the recent SAT order and resolved that Dr. Mishra cannot return as a Director or CMD. This clarity aims to reassure stakeholders of the company's governance and integrity, highlighting the board's commitment to maintaining strong leadership and operational stability amidst unfounded speculation. Investors should monitor how this will affect the company's reputation and investor confidence.