1981 - Punjab Communications Ltd. was incorporated on 21st July, 1981,
by Punjab State Electronics Development & Production Corporation
Limited (PSEDPCL). The certificate of commencement of business
was obtained on 1st September, 1981. It was proposed by Punjab
State Electronics Development & Production Corporation Ltd. The
Company Manufacture Direct-to-line multiplexing equipment, high
tech items such as pulse code modulated multiplexer, trans
multiplexer, voice frequency telegraph, Rural Automatic Exchange
-- Punjab Communications Ltd. (PCL) has entered into a collaboration with ECI Telecom Ltd. Israel for manufacture of its SYNCOM range of SDH products in India.
--Punjab Communications Ltd., launches 2 automation systems.
--Punjab Communications Limited signs contract with Nepal Telecommunications Corporation for the supply of a rural automatic exchange.
--Punjab Communication bags world cup contract. which includes developing and installing computer data-based network for the Wills World Cup Cricket Tournament to be held in 1996.
- The company undertook to expand its activities by adding new
product lines to its existing range. The products being
introduced are Optical Fibre line Terminating Equipment - 200
terminal, very small Aperture Terminals (VSAT) - 10 systems, 140
MBIT Digital radio Equipment - 200 terminals, Digital Rural
Communication system, Versatile Ultra High Frequency Digital
Radio Equipment (300 system) and Higher Order Mux (HOM) 1000 nos.
- 118,41,120 No. of equity share issued, subscribed and paid up to
PSEDPCL. 42,50,000 No. of equity shares of Rs 10 each were then
issued at a premium of Rs 240 per share of which 39,200 shares
were reserved for allotment on a firm basis to Kothari Pioneer
Prima Fund. Of the remaining 1,88,000 shares were reserved for
allotment on a preferential basis to employees (only 1,84,400
shares taken up). Balance 40,22,800 shares were issued to the
public along with unsubscribed portion of 3600 shares of
employees quota (all were taken up). Additional 14,300 shares
-Punjab Communications Ltd has informed BSE that Sh Viswajeet Khanna has been appointed as VC & MD of the Company by the order of Govt of Punjab with immediate effect in place of Sh A S Gill.
-The Board approved forfeiture of 74000 number of shares after serving them last and final notice
-Board approved to buy back upto 40,26,355 fully paid equity shares of the Company of the face value of Rs 10/- each at a price not exceeding Rs 96.05 per share. and to delist its equity shares from Ludhiana, Jaipur, Delhi, Chennai and Ahmedabad Stock Exchanges.
-Punjab Communications Ltd has appointed Sh. Som Parkash, IAS as Managing Director of the Company by the order of Govt. of Punjab w.e.f. January 09, 2007.