ITC Limited , a diversified conglomerate, has initiated a postal ballot process to seek shareholder approval for two significant board appointments. The company, known for its presence in FMCG, paperboards & packaging, agri-business, and information technology sectors, is proposing changes that could shape its leadership for the coming years.

Proposed Appointments

Appointment of Amitabh Kant as Independent Director

• Proposed tenure: Five years, effective from January 1, 2026
• Background: Retired IAS officer with over four decades of administrative experience
• Notable roles:
  • G20 Sherpa to the Prime Minister of India
  • Former CEO of NITI Aayog
  • Spearheaded initiatives like 'God's Own Country' and 'Incredible India' campaigns

Re-appointment of Hemant Malik as Wholetime Director

• Proposed tenure: Two years, effective from August 12, 2026
• Current role: Divisional Chief Executive of the Foods Business Division
• Experience: Over 36 years with ITC across multiple businesses

Remuneration Details

Voting Process

• E-voting Period: November 16 to December 15, 2025
• Result Declaration: December 16, 2025

Corporate Governance Implications

The proposed appointments reflect ITC's commitment to blending experienced leadership with fresh perspectives. Amitabh Kant's extensive administrative background, particularly in policy-making and economic reforms, could bring valuable insights to ITC's board. Meanwhile, Hemant Malik's re-appointment signifies continuity in the company's FMCG strategy, an area where he has demonstrated significant expertise.

Investor Engagement

In a related development, ITC has announced its participation in the 28th CITIC CLSA India Forum 2025, scheduled for November 17, 2025, in Mumbai. This engagement underscores the company's commitment to maintaining open lines of communication with the investment community.

As ITC navigates these leadership transitions and continues its investor outreach, shareholders and market observers will be keenly watching the impact on the company's strategic direction and performance in its diverse business segments.

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.