Announcement under Regulation 30 (LODR) - Change in Directorate
Awaiting price reaction for this filing.
ITI Limited, a Government of India undertaking, has informed stock exchanges that Shri Sunil Kumar Verma, Government Nominee Director (representing the Department of Telecommunications), has ceased to be a director on the company's board effective 21.05.2025. He has been prematurely repatriated to his parent cadre, Ministry of Railways, on Government of India orders dated 19.05.2025. He served on the board as a nominee representing DoT, not as an executive. The company has made this disclosure under Regulation 30 of SEBI LODR Regulations, 2015.
This is a routine government nominee change with no operational or financial impact on ITI Limited's business. Since the director was a government nominee (not executive management), the change is administrative and unlikely to affect stock price or shareholder value.