ITC Limited has submitted its quarterly compliance certificate to depositories for the quarter ended March 31, 2026, fulfilling regulatory obligations under SEBI guidelines. The certificate was filed on April 6, 2026, confirming the company's adherence to share dematerialization procedures during Q4FY26.

Regulatory Compliance Details

The certificate was issued pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates listed companies to provide quarterly confirmations regarding their share dematerialization processes to ensure transparency and regulatory compliance.

Key Confirmations

The certificate provides specific confirmations regarding the company's share dematerialization activities during the quarter. ITC confirmed that shares dematerialized during the period are listed on the same stock exchanges where previously issued shares were listed, maintaining consistency in trading platforms.

The company also certified that related share certificates underwent proper verification procedures before being mutilated and cancelled. Additionally, the depository's name was substituted in company records as the registered owner within the mandated 15-day timeframe upon receipt.

Stakeholder Communication

The certificate was addressed to both major depositories in India - National Securities Depository Limited and Central Depository Services (India) Limited. Copies were also sent to the stock exchanges where ITC shares are listed, including the National Stock Exchange of India Limited and BSE Limited.

This quarterly filing represents part of ITC's ongoing regulatory compliance framework, ensuring transparency in share dematerialization processes and maintaining investor confidence through proper documentation and timely submissions to relevant authorities.

ITC has officially acquired majority board nomination rights in Sproutlife Foods Private Limited, making it a subsidiary effective April 1, 2026, as disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.

Strategic Acquisition Details

The acquisition represents a significant milestone in ITC's food segment expansion strategy. Through a Shareholders' Agreement executed on April 19, 2023, ITC gained the right to nominate majority directors on Sproutlife's board, providing controlling influence over the company's strategic direction.

Sproutlife Foods Business Profile

Sproutlife Foods operates under the 'Yoga Bar' trademark, positioning itself as a digital-first brand with strong online presence across direct-to-consumer and e-commerce platforms, while expanding its offline retail footprint. The company was incorporated on February 13, 2015, and specializes in manufacturing and selling innovative food products.

Business Implications and Strategic Alignment

This acquisition aligns with ITC's strategy to augment its future-ready portfolio in the foods segment, supporting the company's diversification beyond traditional tobacco business. The move demonstrates ITC's commitment to building a robust consumer goods portfolio, with Sproutlife benefiting from ITC's extensive distribution network and market expertise.

Regulatory Compliance

The transaction required no additional governmental or regulatory approvals. ITC has fulfilled all disclosure requirements under SEBI regulations, with the acquisition structured as a non-related party transaction, as ITC operates without promoter/promoter group structure.