Annual Report: 2024
PNB's 129th Annual Report for 2023-2024.
Notice of AGM & Special Business: The 129th Annual General Meeting (AGM) will be held on Wednesday, July 10, 2024, at 10:30 A.M. IST via Video Conference (VC).
The special businesses to be transacted at the meeting include:
The notice also provides details on remote e-voting, participation in the AGM through VC, cut-off dates, proxy provisions (inapplicable for VC AGM), and communication protocols.
Key Personnel & Governance: The company's board includes Independent Directors such as Ashish Verma, Govind Swarup, Rakesh Dhamani, Saumya Agarwal, and Whole-Time Director Shweta Saxena. Victor Alan Carvalho who was designated as an Independent Director w.e.f. May 28, 2024. Shweta Saxena is the Company Secretary, and Viveka Nand Jha is the Chief Financial Officer. Tarun Verma is the Manager. Auditors are Tanuj Garg & Associates. The registered office is in New Delhi.
Financial Highlights and Company Affairs:
Compliance and Corporate Governance:
Industry Overview & Risk Management:
Directors’ Responsibility Statement: The Board confirms that in the preparation of the annual accounts, the applicable accounting standards have been followed, proper care has been taken for adequate accounting records, and internal financial controls are in place. The annual accounts are prepared on a going concern basis.
Auditor's Report: The auditor's report by M/s Tanuj Garg & Associates, Chartered Accountants, does not contain any qualifications, reservations or adverse remarks. The notes on accounts read with the auditor's report are self-explanatory.
Financial Statement Analysis:
Additional Disclosures: Additional disclosures are provided as per RBI guidelines, concerning capital adequacy ratio (CRAR) and liquidity coverage ratio (LCR), though the LCR disclosure may not be applicable based on the company's NBFC type and asset size.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
