ITC Limited has announced the voluntary dissolution of its US-based step-down subsidiary, Blazeclan Americas Inc., effective March 24, 2026. The company received official confirmation of the dissolution on March 25, 2026, at 11:12 PM, marking the end of Blazeclan Americas Inc.'s status as a step-down subsidiary.

Financial Impact and Performance

The dissolved subsidiary had minimal financial impact on ITC's overall operations. Blazeclan Americas Inc. became a step-down subsidiary of ITC with effect from October 1, 2024, operating for approximately six months under the company's umbrella.

Regulatory Compliance and Disclosure

ITC has fulfilled its regulatory obligations by disclosing the dissolution under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with the SEBI Master Circular dated January 30, 2026.

The company has notified both the National Stock Exchange of India Limited and BSE Limited about the dissolution. Additionally, copies of the disclosure have been sent to the US Securities and Exchange Commission and Societe de la Bourse de Luxembourg.

Transaction Details

The dissolution represents a voluntary corporate action rather than a sale or disposal transaction. Key aspects of the dissolution include:

• No sale agreement was involved in the process
• No consideration was received from the dissolution
• The transaction does not involve any buyers or related party transactions
• The dissolution falls outside any scheme of arrangement

Corporate Structure Impact

With the dissolution of Blazeclan Americas Inc., ITC has streamlined its international subsidiary structure. The step-down subsidiary's brief operational period and minimal financial contribution suggest this move aligns with the company's strategic focus on core business operations.

The dissolution was executed by R.K. Singhi, Executive Vice President and Company Secretary of ITC Limited, who digitally signed the disclosure document on March 26, 2026, at 15:18:11 IST.

ITC Limited has issued a public notice regarding the loss of share certificates, published under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement was published on March 24, 2026, in the Kolkata edition of Business Standard newspaper.

Regulatory Compliance and Documentation

The company has formally notified both the National Stock Exchange of India Ltd. and BSE Ltd. about the publication of this advertisement. The communication was signed by R. K. Singhi, Executive Vice President & Company Secretary, ensuring compliance with regulatory requirements for lost share certificate notifications.

Details of Lost Share Certificates

The public notice covers five share certificates belonging to different registered holders. Applications for duplicate share certificates have been submitted to the company's Investor Service Centre by the registered holders or legal heirs of deceased shareholders.

Public Caution and Objection Process

The company has issued specific warnings and procedures regarding these lost certificates:

• The public is cautioned against dealing in any way with the mentioned shares
• Objections against duplicate share certificates must be submitted within 7 days from the publication date
• Supporting documents are required for any objections raised
• All communications should be directed to the Investor Service Centre at ITC Limited's registered office

Contact Information for Objections

Stakeholders wishing to raise objections can contact the Investor Service Centre at ITC Limited, located at 37 Jawaharlal Nehru Road, Kolkata – 700071. The company's registered office, Virginia House, serves as the primary point of contact for all matters related to these lost share certificates.

The notice represents standard corporate procedure for handling lost share certificates, ensuring transparency and providing adequate opportunity for any concerned parties to raise objections before duplicate certificates are issued.