NEW DELHI — State-owned telecom operator Mahanagar Telephone Nigam Limited (MTNL) has announced the extension of the additional charge of Director (Finance) to Rajiv Kumar, who currently serves as Director (Finance) at Bharat Sanchar Nigam Limited (BSNL).
The disclosure was made to stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
ACC Grants Approval
According to a communication from the Department of Telecommunications (DoT) under the Ministry of Communications, the Appointments Committee of the Cabinet (ACC) has granted ex-post facto approval for the extension.
The additional charge has been extended for one year beginning December 1, 2025, or until further orders, whichever is earlier. The approval follows an earlier DoT order dated November 28, 2025, and was formally conveyed through a letter dated March 3, 2026.
No Additional Compensation
The order specifies that Rajiv Kumar will not receive any additional remuneration for holding the additional charge during the extended period.
Regulatory Filing
MTNL notified both major stock exchanges of the development:
- BSE Limited (Scrip Code: 500108)
- National Stock Exchange of India (Symbol: MTNL)
The filing underscores the company’s commitment to regulatory transparency and corporate governance standards applicable to listed public sector enterprises.
Ensuring Leadership Continuity
MTNL, which primarily operates telecom services in Delhi and Mumbai, has been undergoing financial restructuring and revival initiatives. The continuation of Rajiv Kumar in the additional role is expected to provide continuity in financial oversight during this critical phase.
As Director (Finance) at BSNL, he brings extensive experience in managing financial operations within large government-owned telecom companies. His continued oversight of MTNL’s finance function is aimed at maintaining fiscal discipline, ensuring regulatory compliance, and supporting strategic financial planning.
The government’s decision reflects its broader approach of leveraging senior leadership across telecom public sector undertakings to maintain operational stability and financial supervision.