ITC Limited has successfully concluded its postal ballot process, with shareholders approving two significant board appointments that will shape the company's leadership structure. The diversified conglomerate announced the results on December 16, 2025, following the completion of e-voting that ran from November 16 to December 15, 2025.

Approved Appointments

Amitabh Kant Appointed as Independent Director

Shareholders have approved the appointment of Mr. Amitabh Kant as an Independent Director for a five-year term effective from January 1, 2026. The 69-year-old retired IAS officer brings over four decades of administrative experience to ITC's board.

Kant has held several prestigious positions including Secretary to the Department of Industrial Policy and Promotion, CEO of Delhi Mumbai Industrial Corridor Development Corporation, and Tourism Secretary to the Government of Kerala. He has authored books including "Made in India," "Incredible India 2.0," and "Branding India - An Incredible Story."

Hemant Malik Re-appointed as Wholetime Director

Shareholders have also approved the re-appointment of Mr. Hemant Malik as a Wholetime Director for a two-year term effective from August 12, 2026. The 59-year-old executive currently serves as Divisional Chief Executive of the Foods Business Division.

Malik has extensive experience across multiple ITC businesses including Tobacco & Foods and the Trade Marketing & Distribution (TM&D) Vertical. He was instrumental in launching and developing key food brands including Aashirvaad, Sunfeast, Bingo, YiPPee, and Kitchens of India.

Remuneration Structure

The approved remuneration packages reflect the strategic importance of these appointments:

Strategic Implications

These appointments represent ITC's commitment to combining seasoned governance expertise with operational excellence. Kant's extensive policy-making background and economic reform experience are expected to provide valuable strategic insights, while Malik's re-appointment ensures continuity in ITC's successful FMCG operations.

The company has confirmed that both directors have not been debarred from holding directorship positions by SEBI or any other regulatory authority, ensuring compliance with corporate governance standards.

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.