ITI Limited has informed the Exchange regarding Change in Director(s) of the company.
ITI · price
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Awaiting price reaction for this filing.
The Government of India, through the Ministry of Communications, has appointed Shri Gopinath Sahu as a Non-Official Independent Director on the board of ITI Limited. His term is for three years from the date of notification, or until further orders, whichever is earlier. His appointment will be effective once he obtains a Director Identification Number (DIN), and the exact date will be communicated separately. He is not related to any existing directors and is not debarred from holding the position by SEBI or any other authority. His background is primarily in socio-political work with ABVP, RSS, and BJP in Odisha, and he holds a Master's degree in Odia Literature and an LLB from Utkal University.
This is a routine board appointment by the Government of India (the promoter) and is unlikely to have any material impact on the stock price or business operations of ITI Limited.