ITI Limited has informed the Exchange regarding Change in Director(s) of the company.
ITI · price
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ITI Limited, a Government of India undertaking, has informed the exchanges about the appointment of Shri Arun Agarwal, Deputy Director General (Satellite) at the Department of Telecom, as a Government Nominee Director on the board. He replaces Shri Sunil Kumar Verma, former Joint Secretary in the DoT. The appointment is for a period of three years or until superannuation, whichever is earlier, and will be effective from the date of obtaining his DIN. Arun Agarwal is a 1990-batch Indian Telecom Service Officer with 33 years of experience across telecom planning, installation, satellite, and rural connectivity. The company confirmed he is not debarred from holding a directorship by SEBI or any other authority.
This is a routine government-nominated director change at a PSU, with no impact on operations or shareholder value. The replacement is part of standard administrative rotation by the Ministry of Communications.