Punjab Communications Ltd

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved by the Board.
• Limited Review Report on the results by Charanjit Singh & Associates attached.
• Standalone results only; no consolidated results reported in this filing.

Key financial highlights

• Revenue from operations: 583.21 Lacs for quarter ended 30.06.2026.
• Other income: 214.18 Lacs; Total revenue: 797.39 Lacs.
• Profit before tax: 286.60 Lacs; Profit after tax: 286.60 Lacs.
• EPS Basic/Diluted: 2.38; Quarter ended 30.06.2026.

Audit observations

• Inventory valuation deviations: FIFO vs last-purchase-rate method; WIP and finished sub-assemblies valued incorrectly.
• ECL policy absent; impairment of trade receivables unaddressed.
• GST reconciliations outstanding; contingent liabilities not fully disclosed.

Emphasis of matter and related notes

• Depreciation not charged on temporary structure and certain assets; fully depreciated.
• Escrow balance and other current assets notes require ongoing reconciliation.
• Trade receivables/payables >3 years; external agency engaged; report pending.
• Predecessor auditors expressed adverse conclusion for year ended 31.03.2025.

Board meeting details

• Board held on 12 August 2026; 4:00–6:00 PM.
• Statutory Limited Review Report submitted by auditor.

Dematerialisation status

• Securities received for dematerialisation were mutilated and cancelled after verification.
• The depository's name was substituted as registered owner in the company records within 15 days.
• Details of dematerialised securities were furnished to the stock exchange.
• Dematerialised securities are listed on the stock exchanges where the original securities are listed.