ITI Limited announces director of finance departure, interim replacement named

ITI Limited has announced the cessation of Shri Rajeev Srivastava as director of finance with effect from October 15, 2025. This change follows the completion of his tenure, as confirmed by an order from the government of India, ministry of communications, dated October 14, 2025. The company expressed its appreciation for Shri Srivastava's contributions during his service.

Concurrently, Shri Ramana Babu C V, currently director of marketing at ITI Ltd., has been entrusted with the additional charge of director of finance. This interim appointment is for a period of six months, starting October 15, 2025, or until a regular incumbent assumes the post, whichever is earlier. Shri Ramana Babu C V will not receive any additional remuneration for this temporary role.

The decision was communicated to both the BSE Limited and the National Stock Exchange of India Limited in compliance with SEBI regulations.