There will be fair inquiry into alleged corp governance issues at PFS, says promoter PTC India

Updated: few hours ago

New Delhi, Jan 21 (PTI) PTC India Chairman and Managing Director Rajib K Mishra on Friday said there will be a fair inquiry into alleged corporate governance issues at its subsidiary PFS where all independent directors resigned enmasse over the issues.

In an unusual development, all three independent directors of PTC India Financial Services (PFS), which is a systemically-important Non-Banking Finance Company (NBFC) -- put in their papers on Wednesday. Kamlesh Shivji Vikamsey, Santosh B Nayar and Thomas Mathew T had resigned on the grounds of corporate governance issues at the company.

Against this backdrop, Mishra, who is part of the PFS board, said the company's board will be meeting on January 22 (Saturday) while the board of PTC India will hold its meeting on January 27 (Thursday).