ITC Limited , one of India's leading conglomerates, has announced significant changes to its corporate governance structure. The company's Board of Directors, at a meeting held on October 30, 2025, approved two key decisions that are set to reshape its leadership and market presence.

Appointment of Amitabh Kant as Director

ITC has recommended the appointment of Mr. Amitabh Kant as a Director and Independent Director of the company. The appointment, subject to shareholder approval, is for a period of five years, effective from January 1, 2026. Mr. Kant, known for his strategic vision and extensive experience in policy-making, is expected to bring valuable insights to ITC's board.

Voluntary Delisting from Calcutta Stock Exchange

ITC has approved the voluntary delisting of its Ordinary Shares from The Calcutta Stock Exchange Limited (CSE). This move is in accordance with Regulations 5 and 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021.

It's important to note that ITC's shares will continue to be listed on the National Stock Exchange of India Limited and BSE Limited, ensuring nationwide trading facilities for investors. This strategic decision appears to be aimed at streamlining the company's listing profile while maintaining broad market access.

Other Board Decisions

The board meeting also saw other important decisions:

1. Approval of unaudited financial results for the quarter and six months ended September 30, 2025, both on a standalone and consolidated basis.

2. Recommendation for the re-appointment of Mr. Hemant Malik as a Director and Wholetime Director for a period of two years, effective from August 12, 2026.

These corporate governance changes reflect ITC's commitment to enhancing its board composition and optimizing its market presence. The appointment of Mr. Amitabh Kant, in particular, signals the company's focus on bringing diverse expertise to its leadership team.

As ITC continues to evolve its corporate structure, these changes are likely to be closely watched by investors and industry observers alike.

ITC Limited , one of India's leading conglomerates, has reported a robust performance for the second quarter, with profit growth outpacing market expectations despite a slight dip in revenue.

Profit Growth and Revenue Performance

ITC reported a 3% year-on-year increase in consolidated net profit to Rs 5,126.00 crore for the second quarter. However, the company's revenue declined by 1% to Rs 21,256.00 crore during the same period.

Segment-wise Performance

The FMCG – Others segment showed impressive performance with 8% revenue growth (excluding notebooks). This growth was primarily driven by staples, dairy, premium personal wash, and agarbattis. However, the segment faced operational challenges due to excessive rains and the transition to the GST regime.

The notebooks business remained under pressure, attributed to low-priced paper imports and increased competition in the market.

GST Impact and Margin Improvement

ITC reported that GST rates were reduced for over half of its FMCG portfolio, with the benefits being passed on to consumers. Despite this, the company managed to improve its EBITDA margin by 50 basis points quarter-on-quarter. This improvement was achieved through effective revenue management, price-volume-value rebalancing, and cost optimization strategies.

Challenges and Resilience

While facing operational challenges from excessive rains and the GST regime transition, ITC demonstrated resilience in its overall performance. The company's ability to grow profits despite a slight revenue decline highlights its effective cost management and strategic pricing initiatives.

Conclusion

ITC's Q2 results showcase the company's ability to navigate a complex economic landscape, delivering profit growth despite revenue challenges. The diverse business portfolio, particularly the strength shown in the FMCG segment, continues to provide stability.