MTNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MTNL has informed stock exchanges that the Appointments Committee of the Cabinet (ACC) has approved extension of additional charge of CMD, MTNL to Shri A. Robert J. Ravi, who is also CMD of BSNL, for another six months effective 15.04.2026. This is the 8th such extension since July 2024, indicating persistent delay in finding a regular CMD for the government-owned telecom company. Shri Ravi, who is DDG at DoT, will not receive any additional remuneration for holding charge of both BSNL and MTNL simultaneously. The arrangement continues until a regular incumbent takes charge or further orders, whichever is earlier.
The recurring extensions highlight governance uncertainty at MTNL with no permanent leadership in place for nearly two years. This may concern investors looking for stable management but is typical for state-owned enterprises during government transitions.