COMPLIANCE OF REGULATION 30 & 51 OF SEBI (LODR) REGULATIONS, 2015 - DISCLOSURE OF EVENTS OR INFORMATION EXTENSION OF ADDITIONAL CHARGE OF THE POST OF CMD OF MAHANAGAR TELEPHONE NIGAM LIMITED (MTNL) ASSIGNED TO SHRI A. ROBERT J. RAVI, CMD OF BSNL
MTNL · price
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The Department of Telecommunications has extended the additional charge of CMD of MTNL to Shri A. Robert J. Ravi, who is also CMD of BSNL, for another three months from April 15, 2026 to July 14, 2026. This is the latest in a series of extensions dating back to July 2024, indicating that MTNL has not appointed a regular CMD for nearly two years. Ravi, who is DDG at DoT, will not receive any additional remuneration for holding this additional charge. The extension is subject to ACC approval and will end earlier if a regular incumbent is appointed or until further orders.
The stock may see limited reaction as this is a routine administrative extension for a government PSU. However, the prolonged absence of a permanent CMD signals ongoing governance concerns and potential indecision at the government level regarding MTNL's leadership.