ITI Limited has informed the Exchange regarding Change in Director(s) of the company.
ITI · price
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ITI Limited has informed the stock exchanges that Shri Sunil Kumar Verma, a Government Nominee Director on the board, has ceased to be a director with effect from 21.05.2025. He was serving as Joint Secretary (A) in the Department of Telecommunications (DoT) and has been prematurely repatriated to his parent cadre in the Ministry of Railways, effective from the afternoon of 19.05.2025. The change is on the direction of the Government of India, Ministry of Communications. ITI Limited is a Government of India undertaking, so this is a routine administrative change of a nominee director and not an executive or key managerial change.
This is a routine government nominee director rotation and is unlikely to have any material impact on the company's operations, financials, or stock price. Investors should note that the board vacancy may be filled by another government nominee in due course.