ITI Limited has announced significant changes in its leadership structure with the cessation of one director's additional responsibilities and the appointment of another. Smt S Jeyanthi, Director (Production) & Director (HR) Additional Charge, will cease to hold the Director (HR) additional charge position effective February 28, 2026.

New Leadership Appointment

Simultaneously, the company's Chairman & Managing Director, Shri Rajesh Rai, has been entrusted with additional responsibilities as Director (HR) on an interim basis. This transition ensures continuity in the human resources leadership function without any operational disruption.

Government Order Details

The appointment comes through a Government of India order issued by the Ministry of Communications, bearing reference number E-14-4/2021-PSA dated February 16, 2026. The Appointments Committee of the Cabinet (ACC) has approved the proposal for this additional charge arrangement, continuing from the government's previous order dated April 23, 2025.

Appointment Terms and Conditions

Shri Rajesh Rai will hold the additional charge of Director (HR) for a period of three months with effect from February 28, 2026, or until further orders from the government, whichever comes earlier. During this period of holding additional charge, he will not be entitled to any additional remuneration beyond his current compensation as CMD.

Regulatory Compliance

ITI Limited has disclosed these leadership changes in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary Y Sathyan signed the disclosure document on February 27, 2026, ensuring timely communication to both BSE Limited and National Stock Exchange of India Limited. The company confirmed that there is no other material information or event connected with the cessation that requires disclosure.

ITI Limited has announced a key leadership change with the appointment of Shri Prasad Barre as Chief Financial Officer and Key Managerial Personnel. The appointment was approved during the company's Board of Directors meeting held on February 13, 2026.

Leadership Transition

The Board appointed Shri Prasad Barre, who was previously serving as General Manager- Corporate Finance, to replace Shri Rajeev Srivastava as CFO. This transition represents a strategic move to leverage internal talent for the senior financial leadership position.

Professional Background

Dr Prasad Barre brings over three decades of professional experience across financial institutions and public sector undertakings. His career spans multiple prestigious organizations where he has held various capacities and built expertise in critical financial functions.

Previous Organizations

• National Housing Bank (NHB)
• IFCI Limited
• Hindustan Aeronautics Limited (HAL)
• Sutlej Jal Vidyut Nigam Limited (SJVNL)

Areas of Expertise

The new CFO's professional competencies cover a comprehensive range of financial and management functions:

• Corporate Credit
• Stressed Asset Management
• Project Appraisal
• Accounting
• Internal Audit
• Payroll and Cash Management
• Investment Management

Academic Qualifications

Dr Prasad Barre holds extensive academic credentials that complement his professional experience:

Professional Certifications

The new CFO has completed specialized certification programmes in:

• GST (Goods and Services Tax)
• IFRS (International Financial Reporting Standards)
• SAP (Systems, Applications & Products)

These certifications are directly relevant to his functional responsibilities as CFO and demonstrate his commitment to staying current with evolving financial regulations and technology systems.

Regulatory Compliance

The appointment was communicated to stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. ITI Limited informed both BSE Limited and National Stock Exchange of India Limited about this key managerial personnel change through official correspondence dated February 13, 2026.