The Appointments Committee of the Cabinet (ACC) has approved the extension of the additional charge for the post of Director (HR) at ITI Limited assigned to Shri Rajesh Rai. The extension is valid for a further period of one year effective May 28, 2026, or until further orders, whichever is earlier. This decision impacts the leadership structure of the state-owned telecommunications manufacturing company.

The Ministry of Communications, Department of Telecommunications, conveyed the approval through Order No. E-14-4/2021-PSA dated June 12, 2026. This order follows a previous communication dated May 27, 2026, which had initially entrusted the extension of the post for three months. The latest approval supersedes the earlier three-month tenure with a longer one-year mandate.

Shri Rajesh Rai currently serves as the Chairman and Managing Director of ITI Limited. While holding the additional charge of Director (HR), he will not be entitled to any additional remuneration beyond his existing emoluments. The appointment is subject to the conditions outlined by the Department of Personnel and Training (DoPT).

The company informed the stock exchanges regarding this development in a filing submitted on June 15, 2026. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Y Sathyan, Company Secretary & Compliance Officer of ITI Limited.

Key Appointment Details

ITI Ltd has secured listing approval from BSE and NSE for 19,65,029 equity shares issued to promoters on a preferential basis. The shares, valued at ₹10 each, were issued at a premium of ₹290.25. This approval allows the shares to be listed and admitted to dealings on the exchanges, pending confirmation from depositories regarding the credit of beneficiaries' accounts.

The approvals were granted via letters from BSE (LOD/PREF/MV/FIP/358/2026-27) and NSE (NSE/LIST/53986) on June 10, 2026. The shares bear distinctive numbers ranging from 960886939 to 962851967. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company must ensure compliance with Regulation 167 of the SEBI (ICDR) Regulations. Additionally, if the shareholding pattern changes by more than 2% of the total paid-up share capital, the company is required to file the updated pattern in XBRL mode under Regulation 31(1)(c) of SEBI LODR Regulations.

Trading approval for these shares will be granted only after ITI Ltd submits the listing approval from the other exchange and confirmation letters from NSDL and CDSL. These confirmations must verify the crediting of shares to beneficiary accounts and the lock-in of pre-preferential holdings if applicable.

Listed entities are required to apply for trading approval within seven working days from the date of the listing approval grant. Non-compliance with this timeline, as specified in SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, will result in penalties.