Shareholders of ITC Limited unanimously approved all ordinary and special business resolutions at its 115th Annual General Meeting (AGM) held on July 23, 2026. The key outcomes included the declaration of a final dividend of ₹8.00 per ordinary share for FY26, confirmation of an interim dividend of ₹6.50 per share, and the re-appointment of Hemant Bhargava as an Independent Director for five years. These approvals reinforce the company’s commitment to shareholder returns and robust governance structures.

The meeting, chaired by Chairman and Managing Director Sanjiv Puri, was attended by 673 members via video conferencing. All resolutions were passed by the requisite majority through remote e-voting conducted from July 19 to July 22, 2026, and e-voting during the AGM. The Board also secured approval for the remuneration of statutory and cost auditors for the financial year 2026-27, ensuring compliance with regulatory requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results and Shareholder Support

Institutional investors demonstrated overwhelming support for the dividend resolution, with 100% of polled votes in favor. Non-institutional public shareholders showed 98.93% support for the dividend payout. For the re-appointment of Mr. Hemant Bhargava, institutional shareholders voted with 94.15% support, while non-institutional shareholders voted with 98.40% support. The adoption of financial statements received 99.99% support from institutional voters and 98.75% from non-institutional voters.

Auditor Appointments and Remuneration

The Board appointed Messrs. S R B C & CO LLP as Statutory Auditors for FY26-27 with remuneration not exceeding ₹4.40 crores. For cost audits, Messrs. ABK & Associates were appointed for 'Wood Pulp' and 'Paper and Paperboard' products with remuneration capped at ₹7 lakhs. Messrs. S. Mahadevan & Co. were appointed for all other applicable products with remuneration not exceeding ₹7.90 lakhs. These appointments ensure comprehensive audit coverage across ITC’s diverse product portfolio.

Strategic Outlook and Governance

Chairman Sanjiv Puri highlighted that Net Segment Revenue has grown at a CAGR of 10.7% to over ₹83,300 crore, while EBITDA grew at a CAGR of 9.7% over the last five years. Non-cigarette businesses now constitute nearly two-thirds of net segment revenue. The company announced a proposed medium-term capex of ₹20,000 crore for the Group, aimed at areas with multiplier impact, including the acquisition of Century Pulp & Paper which will raise capacity by over 50% to 1.5 million metric tonnes. The re-election of retiring directors Sunil Panray and Siddhartha Mohanty further stabilizes the Board’s composition for future strategic initiatives.

ITC witnessed a notable block trade on the National Stock Exchange (NSE), with the transaction valued at ₹24.81 crore. The deal involved approximately 874563 shares, executed at a price of ₹283.70 per share.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades are large, privately negotiated transactions executed on the exchange and are typically associated with institutional investors or significant market participants. The execution of such a sizable deal in ITC underscores notable activity in the stock on the NSE.