Broad suffered a side strain during the ongoing World Cup, while Mascarenhas is nursing an Achilles injury.
The Punjab team comprises seven international players, 16 Indian players, the franchise's CEO Arvinder Singh said.
Singh said the team will play four matches in Mohali and three in Dharamsala. He said the matches in Dharamsala will be played on May 15, 18 and 21.
He said a coaching camp of the Indian players will be organised at the HPCA Stadium from April 21 to 26.
Follow us on Facebook | Twitter | Dailymotion | YouTube
Shared gold, knitting: Memorable moments of Tokyo 2020
Metaverse: A high-tech plan to Facebookify the world
Google honours India's first woman pilot with a doodle
Boycott calls weigh ahead of Winter Olympics in Beijing
DH Toon | Shifting the goalpost makes winning easy
In Pics: India's medal winners at the Tokyo Olympics
Japan wins home Gold in Baseball, a national passion
Golden boy gives Sirsi village a reason to rejoice
When a fighting Aditi had golf trending in India
North-East: Map is not the territory