India, July 16 -- The Pune Mahanagar Parivahan Mahamandal Ltd (PMPML) is facing a severe financial crunch after the Pune Municipal Corporation (PMC) withheld its annual operational subsidy of around Rs.850 crore for 2025-26. The delay has strained the public transport utility's cash flow and day-to-day finances as it prepares for a major expansion of services.

To address the issue, PMC has convened a special General Body (GB) meeting on July 20, where the pending subsidy proposal is expected to be placed for approval. Once cleared, the funds are likely to be released to PMPML.

PMPML's financial position, expansion plans and long-term sustainability are expected to be among the key agenda items. Chairman and managing director (CMD) Mahes...