Punjab Communications Appoints Mr. Tony Bansal as New Chief Financial Officer
Punjab Communications Ltd. announced a change in its senior financial leadership, confirming the appointment of Mr. Tony Bansal as the new Chief Financial Officer (CFO) of the company. The transition is effective from June 1, 2026.The change was formalized following a decision by the Board of Directors during its 239th Board Meeting, which took place on May 20, 2026.
In this role transition, CA Ajay Aggarwal ceased serving as the CFO of the company. His tenure concluded due to superannuation, effective May 31, 2026.
Mr. Tony Bansal, who is an existing regular employee of Punjab Communications Ltd., assumes the role of Chief Financial Officer. He holds an MBA in Finance and brings previous work experience in the finance sector to the company.
The details of the change in CFO, including the timelines and professional profiles of both individuals, are summarized below:
| Particulars | CA Ajay Aggarwal | Mr. Tony Bansal |
|---|---|---|
| Reason for Change | Ceased to be CFO upon attaining the age of superannuation | Appointed as Chief Financial Officer by the Board of Directors in its 239th Board Meeting |
| Date of Cessation / Appointment | May 31, 2026 | June 1, 2026 |
| Profile | N/A | Mr. Tony Bansal, having MBA in Finance, is a regular employee of the Company and has previous work experience related to finance. |
Stock Price Movement
As of 10:24, Punjab Communications Ltd shares are ticking up, trading at ₹50.44, up 1.53% for the day. Despite the gain, the stock has been completely locked into a single range, holding steady at ₹50.44 since the market opened.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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