ITI Limited has informed the Exchange about change in Management
ITI · price
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ITI Limited has announced the appointment of Shri Babji Patchilla (IOFS 1998) as the new Chief Vigilance Officer, approved by the Appointments Committee of the Cabinet, Government of India. He joins at level 14 of the pay matrix (Rs. 1,44,200 - 2,18,200) for an initial period of 3 years. He replaces Smt. Deepa Chawla (IRAS) who was holding the role in additional charge and has relinquished her duties effective 19 May 2026. The appointment follows standard government vigilance officer rotation procedures.
This is a routine governance change in a government-owned company, replacing a CVO who held additional charge. The impact on stock price is expected to be neutral, as the CVO role primarily handles internal audit and vigilance functions rather than strategic business operations.