Punjab National Bank

Share Department, Finance Division, HO Plot No.4 Sector 10, Dwarka, New Delhi-110075 Tel Nos : 011-28044866 E-mail : hosd@pnb.co.in

Script Code : PNB Script Code : 532461
The Asstt. Vice President National Stock   Exchange  of India Limited “Exchange Plaza”, Sandra – Kurla Complex, Sandra (E), Mumbai – 400 051 The Dy. General Manager Bombay Stock Exchange Limited Pt Floor, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001

Date: 01.03.2018

Dear Sir

Reg: News Clarifications and updates

With reference to media reports regarding “PNB Appoints BDO for forensic Audit of 5 Nirav Modi Cos”. We submit as under:

Si No Query Our reply
1 Whether such event stated in published news were taking
place? If so, you are advised to provide the said information along  with   the   sequence    of
events in chronological order
Bank  had initiated the process of assigning Forensic Audit in the accounts of Nirav Modi Group and bids were invited from major audit firms. Bid from M/s BDO India LLP was Ll and after negotiations with them, M/s BDO India LLP has been appointed as Forensic Auditor for 5 group companies of Nirav Modi on 27.02.18
2 The material impact of this article on the Company. Material Impact will be NIL beskes the payment of fees for the Forensic audit being conducted.

Thanking you
Yours faithfully,

(Balbir Singh)

Company Secretary

PNB Appoints BDO for forensic Audit of 5 Nirav Modi Cos

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