New Delhi, May 12 (IANS): PTC India on Thursday said it has made significant progress and all compliance issues, in regards to the alleged lapses in corporate governance and operations raised by its three recently-resigned independent Directors, are being addressed.
The allegations were raised by the independent Directors against its financial lending unit -- PTC India Financial Services.
PTC India Financial Services, a subsidiary of PTC India, is registered with the RBI as a non-banking financial company (NBFC).
"PFS has informed through their exchange filing on 27th April 2022 regarding appointment of a forensic audit firm to examine the issues highlighted by former Independent Directors," it said in a statement on Thursday.
The company is taking necessary steps to complete all the compliance with various regulators, the statement added.