ITI Limited has announced the cessation of its Government Nominee Director, Shri Arun Agarwal DDG (Sat.), DoT, effective from 24.04.2026. The company informed both BSE Limited and National Stock Exchange of India Limited about this board change in compliance with regulatory requirements.

Director Cessation Details

The cessation is based on an official communication received from the Department of Telecommunications (DoT) dated 23rd April 2026. According to the communication, Shri Arun Agarwal has been relieved from his position at the Department of Telecommunications, which automatically terminates his role as Government Nominee Director on ITI Limited's board.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ITI Limited's Company Secretary & Compliance Officer Y Sathyan signed the official communication to stock exchanges on 24.04.2026.

Stock Exchange Notification

The company has formally notified both major stock exchanges about this board change. The communication was addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai and National Stock Exchange of India Limited at Exchange Plaza, Bandra Kurla Complex, Mumbai. This ensures full transparency and compliance with listing obligations for all stakeholders and investors.

ITI Limited has issued a formal response to BSE Limited regarding a surveillance query about volume movement in the company's shares. The response, dated April 10, 2026, addresses concerns raised by the stock exchange about trading activity patterns.

Regulatory Compliance Confirmation

The company confirmed its adherence to regulatory frameworks and disclosure obligations. Key aspects of ITI's response include:

Company's Position on Market Activity

ITI Limited clarified that it maintains full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized that it consistently informs stock exchanges about all events that could potentially influence market behavior.

The telecommunications equipment manufacturer confirmed that no undisclosed matters or events are currently pending that might affect the price or volume behavior of the company's shares. This statement addresses BSE's concerns about recent trading patterns in the stock.

Market Dynamics Explanation

Regarding the volume of shares traded and share price movements, ITI Limited stated that these are purely driven by market conditions. The company clarified that it bears no responsibility for increases or decreases in trading volume, share price fluctuations, or broader stock market condition changes.

The response was digitally signed by Y Sathyan, Company Secretary, and submitted to BSE's surveillance department at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai. This formal communication demonstrates the company's commitment to maintaining transparency with regulatory authorities and ensuring proper disclosure practices.