Key Quantitative Figures and Dates
- Effective date of appointment: October 1, 2026
- Nomination letter received: October 5, 2026 (Letter No. PICTC/SECTL/I/162550/2026)
- Board approval date: October 12, 2026 (via circulation resolution)
- Disclosure filing date: October 12, 2026 at 5:06:28 PM
- BSE Acknowledgement Number: 14512314
- DIN of Dr. Basant Garg: 07937460
Parties Involved
- Punjab Communications Limited (Scrip Code: 500346)
- Punjab Information & Communication Technology Corporation Ltd. (Punjab Infotech) - Holding Company
- Dr. Basant Garg, IAS - Appointed Director-cum-Chairman
- Sh. Gurkirat Kirpal Singh, IAS - Predecessor Director-cum-Chairman
- Pratima Yadav - Company Secretary & Compliance Officer
Purpose and Rationale
The company explained that being a government subsidiary, the appointment process requires formal nomination from the holding company (Punjab Infotech) followed by board approval. The nomination originated outside the company (from Punjab Infotech), and the 12-hour disclosure window from the effective date was not practically possible due to procedural requirements. The company emphasized this was not intentional or wilful.
Procedural Details
The nomination letter received on October 5, 2026 was placed before board members for consideration via circulation. The resolution was passed by all directors on October 12, 2026. The disclosure was filed within 12 hours of the board approval event.
Director Profile
Dr. Basant Garg, IAS is a 2005 Batch IAS Officer currently serving as Administrative Secretary for Industries and Commerce, Investment Promotion, and Promotion of Information Technology Industry. Previous roles include Administrative Secretary for Power, New & Renewable Energy Sources, and Chairman-cum-Managing Director of Punjab State Transmission Corporation Ltd. and Punjab State Power Corporation Ltd.
Relationships Disclosure
Dr. Basant Garg is related to other directors appointed by the holding company, Punjab Information and Communication Technology Corporation Limited.
Financial Impact
Financial impact not quantified in the disclosure.