Bengaluru: ITI Limited has announced the extension of the additional charge of Director (Finance) assigned to Ramana Babu CV, who currently serves as Director (Marketing). The extension, approved by the Appointments Committee of the Cabinet (ACC), will be effective from April 15, 2026, for six months or until the regular incumbent assumes charge, whichever occurs first.
This decision ensures continuity in the financial leadership of the government-owned telecom company.
Background of the Extension
Ramana Babu CV was initially assigned the additional charge of Director (Finance) from October 15, 2025, following a directive from the Ministry of Communications. The ACC’s latest approval extends this responsibility for another six months, maintaining stable financial management at ITI Limited.
The extension reflects the government’s emphasis on seamless leadership transitions in public sector enterprises.
Read also: ITI Limited CMD Rajesh Rai to Hold Additional Charge of Director (HR) from February 28, 2026
Key Details of the Extension
- Position Extended: Director (Finance)
- Incumbent Holding Additional Charge: Ramana Babu CV (Director Marketing)
- Extension Period: Six months
- Effective Date: April 15, 2026
- Tenure Condition: Until a regular incumbent assumes charge or further orders are issued
The extension is part of standard governance practices for PSUs to ensure uninterrupted executive oversight.
Regulatory Compliance
ITI Limited has disclosed the extension in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The update has been formally communicated to:
- BSE Limited
- National Stock Exchange of India
This ensures transparency for investors and stakeholders regarding leadership changes.
Strategic Importance
Maintaining continuity at the Director (Finance) level is crucial for ITI Limited’s operations, particularly in financial planning, budgeting, and project execution. Ramana Babu CV’s extended tenure ensures the company remains financially stable during the transition period before the new incumbent assumes office.
About ITI Limited
ITI Limited, established in 1948, is India’s first public sector telecom company under the Ministry of Communications. The company is engaged in manufacturing telecom equipment, providing turnkey solutions, and supporting national digital infrastructure initiatives, playing a key role in India’s telecommunications growth and government-led connectivity projects.
