Agency issues satisfactory report on PTC India Financial Services Ltd

PTC India Financial Services Limited (PFS) has announced that an Agency for Specialized Monitoring (ASM) appointed by lender/s issued satisfactory report dated 30th June 2022 (received on July 04, 2022) for Q3FY2022. In ASM report, following are the key points:

1. The company is maintaining required level of transparency in terms of submission of data/statements to the lenders as stipulated at the time of sanction.

2. The cash flows for the review period were normal and there was no diversion of funds whatsoever and we are of view that the loans funds availed by the company from banks/FIs have been utilized for the purpose for which it was intended.

3. We observed that there are no suspicious activity/transactions, case of mis-representation/ suppression of facts and fraudulent practices. The business operations of the company are found to be satisfactory.

4. Overall dealings of the company are found to be satisfactory.

Shares of PTC India Financial Services Limited was last trading in BSE at Rs. 13.69 as compared to the previous close of Rs. 13.78. The total number of shares traded during the day was 15840 in over 131 trades.

The stock hit an intraday high of Rs. 14.00 and intraday low of 13.41. The net turnover during the day was Rs. 216243.00.

Source : Equity Bulls

Keywords

PTCIndiaFinancialServices INE560K01014 PFS AgencyforSpecializedMonitoring SatisfactoryReport