ITC Limited has issued and allotted 1,95,210 ordinary shares under its Employee Stock Option Schemes (ESOP) on December 19, 2025. The allotment was completed following the exercise of 19,521 options by eligible employees, with the committee meeting concluding at 3:10 p.m. on the same day.

Share Allotment Details

Updated Share Capital Structure

Following this allotment, ITC's issued and subscribed share capital has increased significantly. The company's total share capital now stands at ₹1,252.90 crores, divided into 1,252,89,59,771 ordinary shares of ₹1.00 each.

Regulatory Compliance

The share allotment was conducted in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ITC has formally communicated this development to both the National Stock Exchange of India Limited (NSE) and BSE Limited, ensuring transparency and adherence to regulatory requirements.

ESOP Implementation

The allotment represents the successful implementation of ITC's Employee Stock Option Schemes, which are designed to align employee interests with shareholder value creation. The exercise of options by employees demonstrates confidence in the company's long-term prospects and provides them with equity participation in the organization's growth.

The communication was signed by R.K. Singhi, Executive Vice President and Company Secretary, and sent to the listing departments of both major stock exchanges where ITC shares are traded.

ITC Limited has completed the voluntary liquidation of its wholly-owned subsidiary Prag Agro Farm Limited, with the dissolution taking effect from December 10, 2025. The company received the National Company Law Tribunal (NCLT) Mumbai Bench order on December 18, 2025, confirming the completion of the liquidation process.

Regulatory Disclosure and Timeline

The company has made the mandatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stock exchanges about the subsidiary's dissolution. The NCLT order was received at 7:12 PM on December 18, 2025, marking the formal completion of the voluntary liquidation proceedings.

Financial Impact Assessment

The liquidated subsidiary had minimal financial impact on ITC's overall operations. Prag Agro Farm Limited reported total income of ₹9.62 lakhs for FY 2024-25, representing merely 0.0001% of ITC Limited's total income. The subsidiary's net worth as of March 31, 2025, stood at ₹82.11 lakhs, constituting 0.0013% of ITC's net worth.

Corporate Structure Optimization

With the completion of this liquidation, Prag Agro Farm Limited has ceased to be a wholly-owned subsidiary of ITC Limited. This strategic move represents the company's ongoing efforts to streamline its subsidiary portfolio and optimize its corporate structure. The voluntary nature of the liquidation indicates a planned approach to focus resources on core business areas while maintaining regulatory compliance throughout the dissolution process.