ITI Limited Appoints Shri Arun Agarwal as Government Nominee Director
ITI Limited has appointed Shri Arun Agarwal as the new Government Nominee Director, effective July 22, 2025. Agarwal, currently Deputy Director General (Satellite) at the Department of Telecommunications, replaces Sh. Sunil Kumar Verma. The appointment is for three years or until further notice. A board meeting is scheduled for July 30, 2025, to consider allotting equity shares to the President of India against a capital expenditure infusion of Rs. 59.00 crore.

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ITI Limited , a government-owned telecommunications equipment manufacturer, has announced a significant change in its board composition. The company has appointed Shri Arun Agarwal as the new Government Nominee Director, effective July 22, 2025.
Key Details of the Appointment
Detail | Information |
---|---|
New Director | Shri Arun Agarwal |
Position | Government Nominee Director |
Effective Date | July 22, 2025 |
Term | Three years or until further notice |
Director Identification Number (DIN) | 05270538 |
Background and Replacement
Shri Arun Agarwal, who currently serves as Deputy Director General (Satellite) at the Department of Telecommunications (DoT), replaces Sh. Sunil Kumar Verma on the ITI Limited Board. The appointment comes through an order from the Ministry of Communications, underlining the government's continued involvement in the company's governance.
Terms of Appointment
The appointment of Shri Agarwal is set for a period of three years, commencing from July 22, 2025. However, the term is subject to either his superannuation or further orders from the government, whichever occurs first. This flexibility in the appointment duration allows for potential changes in line with government policies or organizational needs.
Compliance and Eligibility
ITI Limited has confirmed that Shri Arun Agarwal is not debarred from holding the office of director by any order of the Securities and Exchange Board of India (SEBI) or any other regulatory authority. This compliance ensures that the appointment adheres to all necessary corporate governance standards.
Company Secretary Statement
Y Sathyan, Company Secretary & Compliance Officer of ITI Limited, has officially communicated this change to the stock exchanges, fulfilling the company's obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Upcoming Board Meeting
In a separate announcement, ITI Limited has informed that a meeting of its Board of Directors is scheduled for July 30, 2025. The agenda includes considering and approving the allotment of equity shares to the President of India on a preferential basis. This allotment is against a capital expenditure infusion of Rs. 59.00 crore, as per the revival package outlined in the BIFR (Board for Industrial and Financial Reconstruction) order dated January 8, 2013.
The appointment of Shri Arun Agarwal and the upcoming board meeting to discuss equity allotment highlight ITI Limited's ongoing efforts to strengthen its governance and financial position, in line with government initiatives for public sector enterprises.
Historical Stock Returns for ITI
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.62% | -5.78% | -13.35% | -11.60% | -6.06% | +119.21% |