ITC Limited has announced key changes to its Board of Directors, with the appointment of a new Non-Executive Director and the resignation of an existing board member, both effective from April 1, 2026.

Board Appointment Details

The Board of Directors, in their meeting held on January 29, 2026, has recommended the appointment of Mr. Navin Agarwal as a Non-Executive Director. The appointment details are structured as follows:

The appointment is subject to approval by the company's members and represents SUUTI's continued involvement in the company's governance structure.

Director Resignation

Concurrently, Dr. Alok Pande has submitted his resignation from the Board of Directors, marking the end of his tenure as a Non-Executive Director representing SUUTI. The resignation details include:

Dr. Pande expressed gratitude for his tenure on the Board and extended his appreciation to the leadership and fellow board members for their guidance and cooperation during his service.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The changes have been formally communicated to:

• National Stock Exchange of India Ltd.
• BSE Ltd.
• Securities Exchange Commission, Washington DC
• Societe de la Bourse de Luxembourg

The communication was signed by R. K. Singhi, Executive Vice President & Company Secretary, and includes Dr. Pande's resignation letter as required documentation.

Transition Timeline

The seamless transition is scheduled for April 1, 2026, ensuring continuity in SUUTI's representation on the Board. This change reflects the ongoing governance practices and stakeholder management within the company's corporate structure.

ITC Limited announced its unaudited financial results for the quarter and nine months ended 31st December, 2025, showcasing strong operational performance across its diversified business portfolio. The company's Board of Directors, meeting on 29th January, 2026, approved the quarterly results and declared an interim dividend for shareholders.

Financial Performance Overview

The company demonstrated robust growth in its core operations during the third quarter of FY2026. Revenue from operations reached ₹19,359.46 crores, marking an increase from ₹18,290.24 crores in the corresponding quarter of the previous year.

For the nine months ended 31st December, 2025, the company reported revenue from operations of ₹59,800.43 crores compared to ₹55,742.01 crores in the corresponding period of the previous year. Profit from continuing operations for the nine-month period stood at ₹15,181.01 crores against ₹15,217.14 crores in the previous year.

Segment-wise Performance

ITC's diversified business model continued to drive growth across multiple segments. The FMCG segment, comprising cigarettes and other consumer products, remained the primary revenue contributor.

The FMCG-Others segment, which includes branded packaged foods, personal care products, and education stationery products, showed particularly strong growth momentum. The segment's EBITDA for the quarter was ₹601.71 crores compared to ₹462.71 crores in the corresponding quarter of the previous year.

Interim Dividend Declaration

The Board of Directors declared an interim dividend of ₹6.50 per ordinary share of ₹1/- each for the financial year ending 31st March, 2026. This maintains the same dividend rate as the previous year.

Exceptional Items and Corporate Developments

The company reported exceptional items of ₹273.83 crores during the quarter, primarily related to the estimated one-time impact on recognition of past service cost with respect to increase in liability of gratuity and compensated absences. This arose due to changes in the definition of wages pursuant to notifications issued by the Ministry of Labour & Employment dated 21st November, 2025, bringing into force the provisions of the New Labour Codes.

During the quarter, 18,29,340 ordinary shares of ₹1/- each were issued and allotted under the company's Employee Stock Option Schemes, increasing the paid-up share capital to ₹1,252,89,59,771/-.

Consolidated Results

On a consolidated basis, the company reported revenue from operations of ₹21,706.64 crores for Q3FY26 compared to ₹20,349.96 crores in the corresponding quarter of the previous year. Consolidated profit from continuing operations was ₹5,018.45 crores for the quarter.

The results reflect ITC's continued focus on strengthening its diversified portfolio while maintaining operational efficiency across all business segments. The company's strategic investments in brand building and market expansion continue to support long-term growth objectives.