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.

ITC executed a significant block trade on the National Stock Exchange (NSE) worth ₹51.27 crores, marking substantial institutional activity in the tobacco and FMCG major's stock.

Block Trade Details

The transaction involved approximately 1,271,369 shares executed at ₹403.30 per share on the NSE platform. Block trades represent large-volume transactions typically conducted by institutional investors, mutual funds, or other significant market participants.

Market Significance

Block trades often indicate portfolio restructuring activities by institutional investors or large-scale transactions between major market participants. Such transactions are executed outside the regular market to minimize price impact and ensure efficient execution of large volumes.

The execution price of ₹403.30 per share represents the agreed-upon rate between the transacting parties for this substantial volume of ITC shares. These transactions provide insights into institutional sentiment and trading patterns in the stock.

About the Transaction

The ₹51.27 crore transaction reflects the scale of institutional participation in ITC's stock. Block deals are typically pre-negotiated transactions that allow for the transfer of large quantities of shares without affecting the stock's market price during regular trading hours.

Such transactions are common among institutional investors looking to adjust their portfolio positions efficiently while maintaining market stability.