ITI Limited , a Government of India undertaking, has announced a significant change in its leadership structure. The company has appointed Shri Ramana Babu C V, the current Director (Marketing), to take on the additional responsibility of Director (Finance) for a temporary period.

Key Details of the Appointment

Appointment Terms and Conditions

The appointment comes following an order from the Government of India through the Ministry of Communications, which was approved by the Appointments Committee of the Cabinet (ACC). This additional charge is set for a period of six months, effective from October 15, 2025. However, this tenure may be shortened if a regular incumbent assumes the position or if further orders are issued.

It's noteworthy that during his tenure as interim Director (Finance), Shri Ramana Babu C V will not receive any additional remuneration for this role.

Reason for the Appointment

The need for this interim arrangement arose due to the non-extension of tenure for Shri Rajeev Srivastava, who previously held the position of Director (Finance) at ITI Limited. Shri Srivastava's tenure concluded on October 14, 2025.

Compliance and Disclosure

In compliance with regulatory requirements, ITI Limited has confirmed that Shri Ramana Babu C V is not debarred from holding directorial positions by any regulatory authority, including the Securities and Exchange Board of India (SEBI).

This appointment underscores ITI Limited's commitment to ensuring continuity in its financial leadership while the search for a permanent Director (Finance) is underway. The move is expected to maintain stability in the company's financial operations during this transitional period.

ITI Limited stock has experienced a significant upswing, jumping nearly 20% over the past week following announcements related to its major client, BSNL. The surge comes in the wake of news that BSNL plans to upgrade its indigenously developed 4G network to 5G within a six to eight-month timeframe.

BSNL's 5G Upgrade and India's Technological Advancement

Telecom Minister Jyotiraditya Scindia made a notable statement, declaring that India has joined the global 4G technology club, which was previously dominated by five companies from four countries. He further added that India would soon provide end-to-end 5G network capability across the nation, marking a significant technological leap for the country.

ITI's Position and Recent Performance

ITI Limited, a key player in the telecom sector, offers a wide range of products including switching, transmission, and access equipment. The company operates manufacturing facilities across six locations and has been part of a government-led revival plan, receiving Rs 3,000.00 crore as part of this initiative.

Stock Performance

The announcement has had a substantial impact on ITI's stock performance:

The stock's trading volume surged to 21 times its 30-day average, indicating significant investor interest. Despite the impressive 48.00% gain over the past 12 months, it's worth noting that the stock is still down 7.00% year-to-date.

Implications for Investors

This recent surge in ITI's stock price highlights the potential impact of government initiatives and technological advancements in the telecom sector. As India moves towards enhancing its 5G capabilities, companies like ITI that are closely tied to this development may see increased investor attention.

However, investors should always consider the broader market context and company fundamentals when making investment decisions. While short-term stock movements can be significant, they should be viewed as part of a longer-term investment strategy.