ITI Limited has informed the Exchange regarding Cessation of Shri Arun Agarwal as Non- Executive Director of the company w.e.f. April 24, 2026.
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ITI Limited has informed the stock exchanges that Shri Arun Agarwal, a Government Nominee Director on its board, has ceased to be a Director with effect from April 24, 2026. The cessation follows an official communication dated April 23, 2026 from the Department of Telecommunications (DoT) relieving him from DoT. Since he was a Government Nominee Director, his departure is linked to his role within the administrative ministry. ITI is a public sector undertaking under the DoT, and government nominee directors routinely change with departmental transfers or reliefs.
This is a routine administrative change in a PSU board seat and is unlikely to have any material impact on the company's operations, financials, or stock price. Investors should watch for the appointment of a replacement government nominee director in due course.