ITI appoints Rajesh Rai as Director Production on additional charge

ITI Limited appointed Shri Rajesh Rai as Director (Production) on additional charge for three months effective July 1, 2026, following the superannuation of S. Jeyanthi. The appointment, entrusted by the Government of India, Ministry of Communications, is valid until September 30, 2026, or until a regular incumbent is appointed. Rajesh Rai, who holds the DIN 10052045, currently serves as the Chairman & Managing Director and Director HR (Additional Charge) of ITI Limited.

Regulatory Disclosure

The company informed the stock exchanges regarding the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirmed that the additional charge was sanctioned via government order No. E-14-1/2026-PSA dated June 29, 2026. It was further clarified that Rai is not debarred from holding the office of director by any order of SEBI or other authorities.

Government Order and Terms

The Department of Telecommunications issued the order entrusting the additional charge to the Chairman & Managing Director. The communication specified that the appointment is subject to the instructions contained in the Department of Personnel & Training's Office Memorandum dated August 17, 2005. According to the order, Rai will not be entitled to any additional remuneration during the period he holds this additional charge.

Appointment Details

Detail	Information
Appointed Director	Shri Rajesh Rai
Designation	Director (Production)
Nature of Appointment	Additional Charge
DIN	10052045
Effective Date	July 1, 2026
Period	3 months (up to Sep 30, 2026)
Existing Role	Chairman & Managing Director

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.47%	-1.13%	-6.15%	-5.78%	-10.56%	+108.27%

ITI Limited has issued a corrigendum to its audited financial results for the quarter and year ended March 31, 2026. The corrigendum was published in The Hindu Business Line, Dakshin Bharat Rashtramat Hindi Daily, and Sanjevani on June 5, 2026. The filing was submitted to the stock exchanges under Regulation 47(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

For the quarter ended March 31, 2026, the company reported a total income from operations of ₹62,765 crore. The net profit after tax for the quarter was revised to ₹43,610 crore, compared to the previously reported ₹37,514 crore. For the full year ended March 31, 2026, the total income from operations was ₹218,372 crore. The other comprehensive income for the year was reported as a loss of ₹849 crore.

Key Consolidated Metrics (₹ in crore)

Particulars	Quarter Ended 31-03-2026	Year Ended 31-03-2026
Total Income from Operations	62,765	218,372
Net Profit / (Loss) for the period before tax	(2,294)	(15,636)
Net Profit / (Loss) for the period after tax	43,610	29,283
Other comprehensive Income / (Loss) for the period	(849)	(849)
Total Comprehensive Income / (Loss) for the period	42,761	28,434
Earnings Per Share (Basic) (₹)	4.53	3.04

Standalone Financial Performance

On a standalone basis, the total income from operations for the quarter ended March 31, 2026, was ₹62,765 crore. The profit before tax and profit after tax for the quarter were both revised to ₹43,591 crore, up from the previously reported ₹37,536 crore. The other comprehensive income for the year was a loss of ₹849 crore, resulting in a total comprehensive income of ₹42,742 crore for the quarter.

The Audit Committee reviewed the financial results on May 28, 2026, and the Board of Directors approved them on the same day. The company confirmed that the substituted figures do not impact the consolidated and standalone profit for the financial year ended March 31, 2026.