ITI Limited has informed the Exchange about change in Management
ITI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Ministry of Communications, Government of India has approved a 3-month extension of additional charge for the Director (HR) position at ITI Limited to Shri Rajesh Rai, who currently serves as Chairman & Managing Director (CMD). This extension is effective from 28.05.2026 until 27.08.2026, or until a regular incumbent is appointed, whichever is earlier. The original additional charge was granted from 28.02.2026. During this period, Shri Rajesh Rai will not receive any additional remuneration for holding this dual role. The appointment was made by the Appointments Committee of the Cabinet (ACC) as an interim measure to ensure the Director (HR) post does not remain vacant.
The stock is unlikely to see any significant reaction as this is an internal management continuity measure. The extended dual role of CMD holding additional charge of Director (HR) may indicate ongoing leadership gaps in the company, though this is a common practice in government enterprises.