COMPLIANCE OF REGULATION 30 OF SEBI (LODR), 2015- DISCLOSURE OF EVENTS ORINFORMATION EXTENSION OF ADDITIONAL CHARGE OF THE POST OF CMD, MTNL ASSIGNED TO SHRI A. ROBERT J. RAVI, CMD BSNL.
MTNL · price
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On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 4.6 pts less than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Government of India, through the Department of Telecommunications, has extended the additional charge of the post of Chairman and Managing Director (CMD) of MTNL to Shri A. Robert J. Ravi, who currently serves as CMD of BSNL. The extension is for a further period of three months, from 15 July 2025 to 14 October 2025, or until further orders, whichever is earlier. This is an interim arrangement, subject to approval from the Appointments Committee of the Cabinet (ACC), to ensure the CMD post does not remain vacant. Mr. Ravi will not receive any additional remuneration for holding this additional charge. This continues the same arrangement that was put in place earlier in January 2025.
This is a temporary continuation of an existing arrangement rather than a permanent appointment, so it likely has limited impact on the stock price. However, the continued absence of a permanent full-time CMD for MTNL may concern shareholders looking for decisive leadership and strategic direction at the company.