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Auditor gave satisfactory report on business operations, says PFS

The forensic audit began after former chairman and outgoing independent directors of PFS raised governance and other issues in January this year

Should investors at PTC India Financial be worried?

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Earlier in January, Sebi had asked PFS to address corporate governance and other issues raised by its former chairman and outgoing independent directors before holding its board meeting.

Press Trust of India

2 min read Last Updated : Jul 05 2022 | 12:36 AM IST

PTC India Financial Services (PFS), which has been facing probe over alleged governance issues, on Monday said that a lender-appointed auditor has given satisfactory report on its business operations.

Last month, capital markets regulator Securities and Exchange Board of India (Sebi) had asked PFS-- a Non-Banking Finance Company (NBFC)-- not to make any changes to the company's board till the completion of the forensic audit.

The forensic audit began after former chairman and outgoing independent directors of PFS raised governance and other issues in January this year.

Agency for Specialised Monitoring (ASM) appointed by lender/s said the company is maintaining required level of

Disclaimer: No Business Standard Journalist was involved in creation of this content

Topics : SEBI PTC India Financial Services NBFCs Securities and Exchange Board of India

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