ITIBSEITI LtdMediumNeutral
Announced Thu, 28 May · 21:51 IST

Extension of Additional Charge for the post of Director (HR)

Management Changes View source PDF

ITI · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-2.3%1-day move
₹301.55
prior close
₹307.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.7-1.1-0.7-2.3-1.2-1.5-0.1-0.0-0.2+4.1-1.9
Up moveDown movePending
AI summary

ITI Ltd has announced that Shri Rajesh Rai, its current Chairman & Managing Director (CMD), will continue holding additional charge of the Director (HR) position for another 3 months from 28.05.2026 to 27.08.2026. The extension has been approved by the Appointments Committee of the Cabinet (ACC) under the Ministry of Communications. The Director (HR) post remains vacant as a regular incumbent has not yet been appointed. During the additional charge period, Shri Rajesh Rai will not receive any extra remuneration for handling the HR function alongside his CMD responsibilities.

Likely market impact

This is a routine administrative filing with minimal direct impact on shareholders. The continued absence of a permanent Director (HR) could indicate governance gaps, but the company remains operational under the CMD's expanded oversight.