MTNL Extends Additional Charge of Director (Finance) to Rajiv Kumar for One Year
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New Delhi, March 3, 2026: Mahanagar Telephone Nigam Limited (MTNL) has informed stock exchanges about the extension of additional charge of the post of Director (Finance) to Shri Rajiv Kumar, Director (Finance) of Bharat Sanchar Nigam Limited (BSNL).
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ACC Approves Extension
As per the communication issued by the Department of Telecommunications (DoT), Ministry of Communications, Government of India, the Appointments Committee of the Cabinet (ACC) has granted ex-post facto approval for the extension of the additional charge.
The extension will be effective for a further period of one year from December 1, 2025, or until further orders, whichever is earlier.
This decision follows DoT’s earlier order dated November 28, 2025, and formal approval has been conveyed via Letter No. E-1-5/2022-PSA dated March 3, 2026.
No Additional Remuneration
The order also clarifies that during the period of holding the additional charge, Shri Rajiv Kumar will not be entitled to any additional remuneration.
Regulatory Disclosure
MTNL has formally notified both stock exchanges:
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BSE Limited (Scrip Code: 500108)
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National Stock Exchange of India (Scrip Symbol: MTNL)
The disclosure ensures transparency and adherence to corporate governance norms applicable to listed public sector enterprises.
Leadership Continuity at MTNL
MTNL, a Government of India enterprise operating primarily in Delhi and Mumbai, has been undergoing financial restructuring and revival efforts. The continuation of Shri Rajiv Kumar in the additional role of Director (Finance) is expected to provide stability in financial management during this critical phase.
As Director (Finance) at BSNL, he brings significant experience in managing financial operations within large public sector telecom enterprises. His continued oversight of MTNL’s finance portfolio is aimed at ensuring fiscal discipline, compliance, and strategic financial planning.
Government Oversight
The approval has been issued by the Appointments Committee of the Cabinet based on the proposal submitted by the Department of Telecommunications. The order also references DoPT (ACC) communication dated February 24, 2026.
The move reflects the government’s approach of leveraging senior leadership within telecom PSUs to maintain operational continuity and financial oversight.