ITI Limited CFO Shri Prasad Barre resigns effective April 30, 2026
ITI Limited announced the resignation of its Chief Financial Officer Shri Prasad Barre, who served as General Manager – Corporate Finance & CFO. The resignation, tendered on personal grounds, became effective from the close of business hours on April 30, 2026. The company disclosed this information to both BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, Barre has ceased to be a Key Managerial Personnel of the company.
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ITI Limited has informed the stock exchanges about the resignation of its Chief Financial Officer Shri Prasad Barre. The company submitted the disclosure to BSE Limited and National Stock Exchange of India Limited on May 2, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Resignation Details
Shri Prasad Barre, who held the position of General Manager – Corporate Finance & Chief Financial Officer, tendered his resignation on personal grounds. He was relieved from the services of the company with effect from the close of business hours on April 30, 2026. Following his departure, Barre has ceased to be a Key Managerial Personnel of ITI Limited.
Regulatory Disclosure
The company provided the required details as per relevant SEBI circulars through an annexure to the filing. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions.
| Particulars | Details |
|---|---|
| Reason for change | Resignation |
| Date of cessation | With effect from the close of business hour of April 30, 2026 |
| Brief profile | Not Applicable |
| Disclosure of relationships between directors | Not Applicable |
The communication was signed by Y Sathyan, Company Secretary of ITI Limited, and digitally verified on May 2, 2026. The scrip codes for the company are 523610 on BSE Limited and ITI on National Stock Exchange of India Limited.
Historical Stock Returns for ITI
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.19% | +0.39% | +16.82% | -4.61% | +20.43% | +149.00% |
How will ITI Limited's ongoing financial restructuring and government contracts be impacted during the interim CFO period?
What timeline has ITI set for appointing a permanent replacement, and will they consider external candidates or promote internally?
Could this leadership change signal broader organizational restructuring at ITI given the company's recent strategic initiatives?
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