ITI Limited , a government undertaking, has announced a crucial board meeting scheduled for July 30, 2025, to deliberate on a significant equity allotment. The company, known for its telecommunications equipment manufacturing, is set to consider the allocation of shares to the President of India on a preferential basis.

Key Points of the Announcement

• Board Meeting Date: July 30, 2025
• Primary Agenda: Consideration and approval of equity share allotment to the President of India
• Capital Infusion: Rs. 59.00 crore (Rupees Fifty Nine Crore Only)
• Basis of Allotment: Preferential basis
• Purpose: Part of the BIFR revival package order dated January 8, 2013

Background and Implications

The proposed equity allotment is not a standalone decision but part of a larger revival strategy for ITI Limited. The move stems from a Bifurcated Industrial Financial Reconstruction (BIFR) order issued over a decade ago, on January 8, 2013. This capital infusion of Rs. 59.00 crore is expected to strengthen the company's financial position and support its ongoing revival efforts.

Regulatory Compliance

In adherence to regulatory requirements, ITI Limited has duly informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) about the upcoming board meeting. This transparency aligns with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring that all stakeholders are kept informed of significant corporate actions.

Additional Agenda

The company has also indicated that the board may consider other agenda items with the permission of the Chairman during the meeting. This leaves room for potential additional decisions that could impact the company's future direction.

ITI Limited's move to consider this equity allotment reflects the ongoing efforts of the government to revitalize public sector undertakings. Shareholders and market observers will be keenly watching the outcome of this board meeting, as it could have significant implications for the company's capital structure and future growth prospects.

The Department of Telecom (DoT) has introduced new regulations that streamline the process of transferring properties belonging to ITI (Indian Telephone Industries) to other government departments. This development comes alongside a recent change in the company's board composition.

New Property Transfer Rules

The DoT has announced that ITI properties can now be transferred to other government departments without going through an auction process. This decision, which emerged from a recent meeting, is expected to simplify and expedite property transfers within the government ecosystem.

The new regulations could potentially lead to more efficient utilization of ITI's assets and foster better coordination between different government entities. However, the specific implications and potential benefits of this change remain to be seen as the policy is implemented.

Board Changes at ITI

In a separate development, ITI Limited has appointed a new Independent Director to its board. According to the company's latest LODR (Listing Obligations and Disclosure Requirements) filing, Shri Gopinath Sahu has been appointed as a Non-Official Independent Director for a period of three years, effective from July 14, 2025.

About the New Director

Shri Gopinath Sahu brings a diverse background to the ITI board:

• Committed socio-political activist since 1991
• Served as an ABVP (Akhil Bharatiya Vidyarthi Parishad) full-timer from 1994 to 2009
• Held the position of RSS (Rashtriya Swayamsevak Sangh) pracharak from 2004 to 2009
• Joined the BJP in 2018 and currently heads the communication and data division of the party in Odisha
• Played a crucial role in BJP's election management in Odisha in 2019 and 2024
• Holds a Master's Degree in Odia Language & Literature from Utkal University and an LLB from The Law College, Utkal University

The appointment of Shri Sahu, with his background in politics and social activism, may bring a new perspective to ITI's board. The company has confirmed that he is not related to any other directors and is not debarred from holding the office of Independent Director by SEBI or any other authority.

These developments - the new property transfer rules and the board appointment - come at a time when the telecom sector in India is undergoing significant changes. It remains to be seen how these moves will impact ITI's operations and strategic direction in the coming years.