PCPunjab Communications500346Leadership appointment or

Clarification on delay in intimating Director-cum-Chairman appointment within 12 hours

Company clarified the delay in intimating Dr. Basant Garg, IAS as Director-cum-Chairman within 12 hours of the effective date of appointment (October 01, 2026).

By ScoutQuest · Tue 13 Oct 2026, 8:03 PM IST · 2 min read

Effective Date of Appointment

October 01, 2026

Board Approval by Circulation

October 12, 2026

Nomination Letter Date

October 05, 2026

The exchange query and the company's reply

This update is the company's clarification to BSE on a query about the delay in intimating a change in management within the prescribed 12 hours from the effective date of appointment, under Regulation 30 of the SEBI (LODR) Regulations, 2015.

What was intimated

• The holding company, Punjab Infotech, nominated Dr. Basant Garg, IAS (DIN: 07937460) as Director-cum-Chairman on the Board, in place of Sh. Gurkirat Kirpal Singh, IAS, with effect from October 01, 2026.
• The nomination letter is dated October 05, 2026 and was received by the company the same day.
• The Board approved the appointment through a resolution passed by circulation on October 12, 2026.
• The company states the Regulation 30 disclosure was submitted to BSE on October 12, 2026, within 12 hours of the Board's approval, under acknowledgement number 14512314.

The company's explanation for the timeline

• Punjab Communications is a subsidiary of Punjab Infotech, a Punjab Government undertaking, and its Board includes IAS officers nominated by the Government of Punjab.
• According to the company, the nomination originated outside the company, so the strict 12-hour window from the effective date of appointment was "practically not possible", and the appointment could be formalised only after Board approval, which it calls the competent authority.
• The company says the time taken was due to the procedural requirements of formalising the nomination and was "not intentional or wilful", and it has asked BSE to take the clarification on record.

About the incoming Chairman

• Dr. Basant Garg is a 2005 batch IAS officer and currently serves as Administrative Secretary, Industries and Commerce, with additional charge as Administrative Secretary, Investment Promotion, and Administrative Secretary, Promotion of Information Technology Industry.
• His earlier roles include Administrative Secretary, Power; Administrative Secretary, New & Renewable Energy Sources; and Chairman-cum-Managing Director, Punjab State Transmission Corporation Ltd. and Punjab State Power Corporation Ltd.
• The company affirms, in line with SEBI Circular dated June 20, 2018, that he is not debarred from holding the office of director by any SEBI order or any other such authority.
• He is nominated by the holding company and is therefore related to the other directors appointed by the holding company.

How to read this

• The update is a clarification of the disclosure timeline rather than a fresh announcement of the change itself.
• The change is a nomination-driven board level change at a government-owned company: the holding company chose the nominee, and the Board's approval completed the appointment process.
• The company's stated position is that it shared as soon as the Board approval was in place.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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