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 - APPROVAL OF THE APPOINTMENTS COMMITTEE OF THE CABINET (ACC)
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The Appointments Committee of the Cabinet (ACC) has approved the extension of the additional charge of the Chairman and Managing Director (CMD) post at MTNL assigned to Shri A. Robert J. Ravi, who is currently the CMD of BSNL. This means Ravi will continue to head MTNL in an additional/interim capacity alongside his role at BSNL. No permanent full-time CMD for MTNL has been announced, signalling continued temporary leadership at the state-run telecom company. The disclosure is filed under SEBI's Regulation 30 listing obligations.
Shareholders should note that MTNL will continue under interim CMD leadership rather than getting a permanent appointee, which may delay major strategic decisions. This is a routine government-driven governance update and is unlikely to materially move the stock price on its own.