New Delhi: Mahanagar Telephone Nigam Limited (MTNL), a Government of India enterprise, has announced the extension of the additional charge of Director (Finance) to Mr. Rajiv Kumar, currently serving as Director (Finance) at Bharat Sanchar Nigam Limited (BSNL). The announcement follows approval from the Appointments Committee of the Cabinet (ACC) and formal orders issued by the Department of Telecommunications (DoT), Ministry of Communications.
Extension of Additional Charge
As per the official communication, the ACC has granted ex-post facto approval for the extension of Mr. Rajiv Kumar’s additional responsibilities at MTNL. The extension is effective for one year from December 1, 2025, or until further orders are issued, whichever is earlier.
The formal approval was conveyed through DoT’s Letter No. E-1-5/2022-PSA, dated March 3, 2026. During this period, Mr. Rajiv Kumar will not receive any additional remuneration beyond his existing compensation at BSNL.
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Regulatory Compliance
MTNL has informed both the National Stock Exchange of India (NSE: MTNL) and BSE Limited (Scrip Code: 500108) about the extension in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure ensures transparency and adherence to corporate governance standards applicable to listed public sector undertakings.
Leadership Continuity at MTNL
MTNL has been undergoing financial restructuring and revival initiatives, particularly in its operations in Delhi and Mumbai. The extension of Mr. Rajiv Kumar’s additional charge is aimed at ensuring continuity in financial management, maintaining fiscal discipline, and providing strategic oversight during this critical period.
As Director (Finance) at BSNL, Mr. Kumar brings significant experience in managing large-scale financial operations within government telecom enterprises. His continued oversight of MTNL’s finance portfolio is expected to strengthen operational stability and support MTNL’s ongoing revival and growth initiatives.
Government Oversight and Strategic Approach
The extension has been approved by the ACC based on proposals submitted by the DoT. This decision reflects the government’s strategy of leveraging experienced leadership across public sector telecom enterprises to maintain operational continuity and effective financial governance.
The arrangement also aligns with MTNL’s cost-effective management approach, as no additional compensation is provided for the dual role, ensuring optimal utilization of senior leadership resources.
About Mahanagar Telephone Nigam Limited (MTNL)
Mahanagar Telephone Nigam Limited (MTNL) is a Government of India enterprise operating primarily in Delhi and Mumbai, providing fixed-line, broadband, and telecom services. MTNL plays a key role in India’s telecommunications sector, contributing to connectivity, digital infrastructure, and public sector telecom growth while pursuing financial and operational restructuring to strengthen its competitive positioning.
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