COMPLIANCE OF REGULATION 30 OF SEBI (LODR), 2015- DISCLOSURE OF EVENTS OR INFORMATION EXTENSION OF ADDITIONAL CHARGE OF THE POST OF CMD, MTNL ASSIGNED TO SHRI A. ROBERT J. RAVI, CMD BSNL
MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MTNL has disclosed that the additional charge of the Chairman & Managing Director (CMD) post at MTNL, currently held by Shri A. Robert J. Ravi (who is the CMD of BSNL), has been extended. This is a regulatory disclosure under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulation 30. The arrangement continues the cross-charge from BSNL to MTNL, both being government-owned telecom PSUs. No new appointment or permanent CMD has been named for MTNL in this filing. The extension suggests MTNL continues to function without a dedicated full-time CMD.
For shareholders, this means MTNL still lacks a permanent full-time CMD, which may continue to raise governance and strategic leadership concerns. The reliance on a borrowed CMD from BSNL could delay company-specific decision-making and turnaround efforts.