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PUNJAB COMMUNICATIONS LTD. Share Price Update

As of the latest trading session, PUNJAB COMMUNICATIONS LTD. is trading at ₹55, up by ₹3.00 or 5.76% from its previous close. The stock has moved between ₹52.98 and ₹55.00 today. Over the past year, the stock has delivered a return of -2.18%. In the last month, it has returned 5.30%.

Investment Returns

Over 1 Month 5.30% Over 3 Months -2.27% Over 6 Months -5.88% Over 1 Year -2.18%
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PUNJAB COMMUNICATIONS LTD. fundamentals


  • Market cap (Cr) [-]
  • P/E Ratio (TTM) [-]
  • Beta [-]
  • Book Value / share [-]
  • Return on equity [-]%
  • EPS (TTM) [-]
  • Dividend yield [-]%
  • Net profit/quarter (Cr) [-]
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  • Market cap (Cr) 66.10
  • P/E Ratio (TTM) 15.29
  • Beta 0.42
  • Book Value / share 26.46
  • Return on equity 0.00%
  • EPS (TTM) 3.40
  • Dividend yield [-]%
  • Net profit/quarter (Cr) -0.91
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PUNJAB COMMUNICATIONS LTD. Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
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Revenue
Net income
Particulars DEC 2025 (Values in Cr)
Revenue 4.99
Operating Expense 8.09
Net Profit -0.91
Net Profit Margin (%) -18.23
Earnings Per Share (EPS) -0.76
EBITDA -0.83
Effective Tax Rate (%) 0.00
Particulars SEP 2025 (Values in Cr)
Revenue 8.17
Operating Expense 7.83
Net Profit 3.23
Net Profit Margin (%) 39.53
Earnings Per Share (EPS) 2.69
EBITDA 3.28
Effective Tax Rate (%) 0.00
Particulars JUN 2025 (Values in Cr)
Revenue 6.67
Operating Expense 9.00
Net Profit 0.35
Net Profit Margin (%) 5.24
Earnings Per Share (EPS) 0.29
EBITDA 0.38
Effective Tax Rate (%) 0.00
Particulars MAR 2025 (Values in Cr)
Revenue 4.92
Operating Expense 6.06
Net Profit 1.41
Net Profit Margin (%) 28.65
Earnings Per Share (EPS) 1.17
EBITDA 1.46
Effective Tax Rate (%) 0.00
Particulars DEC 2024 (Values in Cr)
Revenue 3.55
Operating Expense 5.81
Net Profit 0.55
Net Profit Margin (%) 15.49
Earnings Per Share (EPS) 0.46
EBITDA 0.61
Effective Tax Rate (%) 0.00
Particulars MAR 2025 (Values in Cr)
Revenue 17.21
Operating Expense 26.83
Net Profit -0.38
Net Profit Margin (%) -2.20
Earnings Per Share (EPS) -0.31
EBITDA -0.18
Effective Tax Rate (%) 0.00
Particulars MAR 2024 (Values in Cr)
Revenue 15.05
Operating Expense 24.72
Net Profit 10.15
Net Profit Margin (%) 67.44
Earnings Per Share (EPS) 8.44
EBITDA 10.85
Effective Tax Rate (%) 0.00
Particulars MAR 2023 (Values in Cr)
Revenue 10.59
Operating Expense 27.30
Net Profit -15.62
Net Profit Margin (%) -147.49
Earnings Per Share (EPS) -13.00
EBITDA -15.35
Effective Tax Rate (%) 0.00
Particulars MAR 2022 (Values in Cr)
Revenue 10.76
Operating Expense 31.86
Net Profit -12.49
Net Profit Margin (%) -116.07
Earnings Per Share (EPS) -10.39
EBITDA -12.91
Effective Tax Rate (%) 5.52
Particulars MAR 2021 (Values in Cr)
Revenue 20.58
Operating Expense 40.95
Net Profit -11.90
Net Profit Margin (%) -57.82
Earnings Per Share (EPS) -9.90
EBITDA -11.52
Effective Tax Rate (%) 0.00
Particulars MAR 2008 (Values in Cr)
Book Value / Share 86.02
ROE % -2.84
ROCE % -2.70
Total Debt to Total Equity 0.02
EBITDA Margin -19.74
Particulars MAR 2007 (Values in Cr)
Book Value / Share 89.42
ROE % -7.14
ROCE % -6.77
Total Debt to Total Equity 0.02
EBITDA Margin -15.98
Particulars MAR 2006 (Values in Cr)
Book Value / Share 95.98
ROE % -5.39
ROCE % -5.09
Total Debt to Total Equity 0.03
EBITDA Margin -7.22
Particulars MAR 2005 (Values in Cr)
Book Value / Share 101.27
ROE % -6.74
ROCE % -6.19
Total Debt to Total Equity 0.07
EBITDA Margin -17.61
Particulars MAR 2004 (Values in Cr)
Book Value / Share 103.92
ROE % 2.49
ROCE % 2.64
Total Debt to Total Equity 0.06
EBITDA Margin 15.90
Particulars MAR 2025 (Values in Cr)
Book Value / Share 23.70
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin -3.54
Particulars MAR 2024 (Values in Cr)
Book Value / Share 23.93
ROE % -4.83
ROCE % -3.66
Total Debt to Total Equity 0.00
EBITDA Margin -13.42
Particulars MAR 2023 (Values in Cr)
Book Value / Share 15.47
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin -79.51
Particulars MAR 2022 (Values in Cr)
Book Value / Share 28.56
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin -119.89
Particulars MAR 2021 (Values in Cr)
Book Value / Share 39.12
ROE % 0.00
ROCE % 0.00
Total Debt to Total Equity 0.00
EBITDA Margin -55.93
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 55.76
Total Assets 80.86
Total Liabilities 80.86
Total Equity 28.55
Share Outstanding 1
Price to Book Ratio 1.99
Return on Assets (%) -0.46
Return on Capital (%) -1.33
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 54.87
Total Assets 81.99
Total Liabilities 81.99
Total Equity 28.83
Share Outstanding 1
Price to Book Ratio 2.19
Return on Assets (%) 12.38
Return on Capital (%) 35.21
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 43.88
Total Assets 78.95
Total Liabilities 78.95
Total Equity 18.64
Share Outstanding 1
Price to Book Ratio 1.84
Return on Assets (%) -19.78
Return on Capital (%) -83.82
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 59.49
Total Assets 97.29
Total Liabilities 97.29
Total Equity 34.40
Share Outstanding 1
Price to Book Ratio 1.26
Return on Assets (%) -12.83
Return on Capital (%) -36.29
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 67.19
Total Assets 109.85
Total Liabilities 109.85
Total Equity 47.12
Share Outstanding 1
Price to Book Ratio 0.51
Return on Assets (%) -10.83
Return on Capital (%) -25.26
Particulars MAR 2025 (Values in Cr)
Net Income -0.37
Cash from Operations -9.39
Cash from Investing -9.78
Cash from Financing 0.00
Net change in Cash -19.17
Free Cash Flow -9.24
Particulars MAR 2024 (Values in Cr)
Net Income 10.15
Cash from Operations -1.21
Cash from Investing 25.34
Cash from Financing -4.39
Net change in Cash 19.73
Free Cash Flow -1.18
Particulars MAR 2023 (Values in Cr)
Net Income -15.62
Cash from Operations -22.96
Cash from Investing 23.08
Cash from Financing -0.03
Net change in Cash 0.07
Free Cash Flow -22.95
Particulars MAR 2022 (Values in Cr)
Net Income -12.48
Cash from Operations -15.11
Cash from Investing 8.64
Cash from Financing 3.87
Net change in Cash -2.59
Free Cash Flow -15.09
Particulars MAR 2021 (Values in Cr)
Net Income -11.90
Cash from Operations -4.77
Cash from Investing 5.89
Cash from Financing -0.41
Net change in Cash 0.70
Free Cash Flow -4.77
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
NELCO LTD. 666.30 0.00 11.80 1520.50 502.40 1161.50
HFCL LIMITED 100.23 294.79 3.27 15341.23 59.83 101.49
VALIANT COMMUNICATIONS LTD. 937.15 52.92 14.93 1072.30 334.00 1160.00
UMIYA BUILDCON LIMITED 87.00 17.51 1.43 162.56 57.25 111.10
NU TEK INDIA LTD. 0.29 0.62 0.00 4.48 0.28 0.42
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
NELCO LTD. 666.30 245.87 12.05 1520.50 502.40 1161.50
[-] 0.0 0.0 0.0 0.0 0.0 0.0
HFCL LIMITED 100.23 0.00 3.37 15341.23 59.83 101.49
PRECISION ELECTRONICS LTD. 135.65 171.71 15.03 187.88 103.50 266.30

PUNJAB COMMUNICATIONS LTD. shareholding pattern

Holding
23.91%
71.28%
4.78%
0.02%
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PUNJAB COMMUNICATIONS LTD. Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
55.00 5.76 redarrow
red-green-graph indicator
3 Bearish
13 Bullish
  • 5 Days 52.60
  • 26 Days 51.10
  • 10 Days 51.80
  • 50 Days 52.30
  • 12 Days 51.50
  • 100 Days 54.20
  • 20 Days 51.00
  • 200 Days 55.10
52.33 PIVOT
First Support 51.67 First Resistance 52.67 Second Support 51.33 Second Resistance 53.33 Third Support 50.67 Third Resistance 53.67
RSI 52.00 ADX 22.58 MACD 0.45 Williams % R -49.28 Commodity Channel Index (CCI) 73.36
Date 2026-04-24 Week 854.00 Same Day 35.00 Month 1985.00
1 Year 0.43 3 Year 0.59
Over 1 Month
5.30% down
Over 1 Year
-2.18% down
Over 3 Months
-2.27% down
Over 3 Years
22.68% down
Over 6 Months
-5.88% down
Over 5 Years
18.29% down

PUNJAB COMMUNICATIONS LTD. Corporate Actions

Top Gainers

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Top Losers

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PUNJAB COMMUNICATIONS LTD. Share Price

Punjab Communications Limited (PCL) was incorporated in July, 1981 by the Punjab State Electronics Development and Production Corporation Ltd (PSEDPCL) to manufacture direct-to-line multiplexing equipment. Later, the Company diversified into the production of pulse code modulated multiplexers, trans multiplexers, voice frequency telegraphs, rural automatic exchanges, digital VHF radios, etc. The major users of these products are the DoT, Railways, Defence, State Police Organisation, ONGC, VSNL, etc.

The Company passed through a very good phase from 1981 to 1993, and came up with a public issue in October, 1994. Despite high premium, the issue was heavily oversubscribed. The Company achieved a record Turnover of Rs. 157 Cr. during the year 2001-2002, when its net worth was Rs.181 Cr. Thereafter the turnover of the Company was adversely affected due to industry wide shift from landline based narrowband communication to wireless and broadband. Realising this, it made attempts to broaden its customer and product base through tie-ups with foreign companies including Huawei Technologies of China for supply of DWDM equipment. Simultaneously, for improving bottom line, it went about developing its core markets of railways and power sector with own products. A year back, it has developed a new system for railways for communication between control office and way stations and executing projects along with MUX and SDH. The company empanelled OEMs of IP-MPLS for projects in railways and power sector.

The company has tied up with ECI Telecom, Israel for SDH range of products and with Reliance Tech Com, US, for a joint venture. PCL product range includes Line Transmission equipment consisting of 2 Mb/s primary Multiplexer, Higher Order Multiplexer, Optical Line Terminating Equipments, Power Line Carrier Communications, DTL FDM, Radio equipments consisting of 400 to 600 MHz & switiching equipments from 64 lines to 40000 lines.

PCL has renewed thrust on the areas of equipment manufacturing like Optical Fibre equipments, Electronic Switches, Vsat Equipments. It has introduced STMs & Optimux for Railways and is also planning to introduce STMs & SDH-DLC in BSNL in the near future. Puncom has tied up with Chinese company and made a joint bid for supplying CDMA equipment to BSNL. The bid is under evaluation.

PCL major client Railtel has planned to create OFC cable of about 37000 KMs in India,out of which 7900 Kms of OFC cable was already commissioned and 4700 Kms has been laid.

During FY 2023-24, Puncom has succeeded to obtain maximum volume of work from Railway, Power sector and from private parties. They have won 6 No of tenders from Railway. But they have not succeeded to obtain those tenders floated by Railway related to Bought out items and Outdoor OFC Work, Trenching, Laying and Termination of OFC. Component of Puncom make products was negligible in these tenders. In power sector like PLCC, Company obtained maximum work from private parties.(PLCC, LMU etc Puncom own products) but there are limited options for participation in these tenders due to lack of major device protection coupler. Beside this company has participated in new technology tenders of IP MPLS of Jabalpur Division. As Railways has shifted to voice communication on VOIP and backbone communication on IP-MPLS. Puncom has empanelled companies for integrated multiplexer and IP-MPLS routers to execute railway projects during the year 2024.

During the Financial Year 2024-25, Company bagged two big tenders, one from Southern Railway, Tambram (Chennai), which is a turnkey project having value of Rs.10.59 crore and the other one is from RRVPNL, Jaipur i.e. Power Sector (PLCC & Protection coupler) having value of Rs 13 crore. The Company is making arrangements with BEL, SCL, ISRO etc. for assembly & testing of their cars/products.

Parent organization State Government - Punjab
NSE symbol PUNJCOMMU
Founded 1981
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Board Of Directors

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Parminder Pal Singh Sandhu Managing Director
Manjeet Singh Dhillon Independent Director
Hans Sandeep Senior Vice Chairman/Non Execu. Director/Nominee
Pratima Yadav Company Secretary
Harsuhinder Pal Singh Brar Director
Gurkirat Kirpal Singh Chairman & Director
Shashi Bhushan Aggarwal Independent Director
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Frequently Asked Questions

What is the Current Share Price of Punjab Communications Ltd?

Answer Field

Punjab Communications Ltd share price is for NSE ₹ 37.30 & for BSE ₹ 55.00 as on Apr 27 2026 02:57 PM.

What is the Market Cap of Punjab Communications Ltd Share?

Answer Field

The market cap of Punjab Communications Ltd for NSE ₹ 0.00 & for BSE ₹ 66.10 as on Apr 27 2026 02:57 PM.

What is the 52 Week High and Low of Punjab Communications Ltd?

Answer Field

The 52 Week High and Low of Punjab Communications Ltd for NSE is ₹ 42.75 and ₹ 0.00 and for BSE is ₹ 74.01 and ₹ 40.10.

What is 1 year return for Punjab Communications Ltd?

Answer Field

The 1 year returns on the stock has been -2.18%.

What is the P/E Ratio of Punjab Communications Ltd Share?

Answer Field

As on Apr 27 2026 02:57 PM the price-to-earnings (PE) ratio for Punjab Communications Ltd share is 15.29.

What is the PB ratio of Punjab Communications Ltd Share?

Answer Field

As on Apr 27 2026 02:57 PM, the price-to-book (PB) ratio for Punjab Communications Ltd share is 26.46.

How to Buy Punjab Communications Ltd Share?

Answer Field

You can trade in Punjab Communications Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Punjab Communications Ltd Share on Bajaj Broking App?

Answer Field

To buy Punjab Communications Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Punjab Communications Ltd”

• Click on the BUY icon

• Place a buy order specifying the desired quantity of shares.

• Click BUY again to complete the purchase

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ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at NSE

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : Pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.

THIRD PARTY PRODUCT DISCLAIMER

Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.