ITC Limited , a diversified conglomerate, held its 114th Annual General Meeting (AGM) on July 25, 2025, where shareholders approved several significant appointments and resolutions. The meeting, conducted through video conferencing, addressed both ordinary and special business items.

Re-appointment of Independent Director

One of the key highlights of the AGM was the re-appointment of Mr. Shyamal Mukherjee as a Director and Independent Director of the company. Shareholders approved a special resolution for Mukherjee's re-appointment for a five-year term, effective from August 11, 2026.

Mr. Mukherjee, 65, brings a wealth of experience to the board. A Chartered Accountant with over 37 years of professional experience, he currently serves as an Independent Director on the boards of several prominent companies, including Bharti Airtel Limited, Urban Company Limited, JSW Steel Limited, and Handy Home Solutions Private Limited.

Appointment of Secretarial Auditors

Another significant decision made at the AGM was the appointment of S. N. Ananthasubramanian & Co., Company Secretaries, as the Secretarial Auditors of ITC Limited. The shareholders approved their appointment for a period of five financial years, starting from 2025-26.

S. N. Ananthasubramanian & Co., established in 1991, has a strong track record in the field. The firm currently serves as Secretarial Auditors for other major corporations, including Larsen & Toubro Limited, Nestlé India Limited, and CRISIL Limited.

Other Key Resolutions

The AGM also saw the approval of several other important resolutions:

1. Adoption of financial statements for the year ended March 31, 2025
2. Confirmation of interim dividend and declaration of final dividend
3. Re-appointment of Mr. Hemant Malik and Mr. Atul Singh as Directors
4. Approval of remuneration for the Statutory Auditors
5. Ratification of remuneration for Cost Auditors

Chairman's Address

ITC's Chairman & Managing Director, Mr. S. Puri, delivered a speech on the theme "ITC: Navigating a TURN to Reimagine the Future." He highlighted the company's strategies to navigate through Turbulence, Uncertainty, and Rapid change, emphasizing the need for novel strategies and innovations.

Mr. Puri also announced ITC's commitment to achieving Net Zero operations by 2050, which will involve reducing emissions by over 85% in the next 25 years, despite a growing business footprint.

Conclusion

The AGM underscored ITC's focus on strengthening its governance structure and its commitment to sustainable growth. The approval of these key appointments and resolutions reflects the shareholders' confidence in the company's strategic direction and leadership.

ITC Limited , one of India's leading conglomerates, has announced ambitious plans to invest Rs 20,000 crore in the medium term to expand its manufacturing footprint across various business segments. The announcement was made by Chairman Sanjiv Puri during the company's 114th annual general meeting, signaling a strong commitment to growth and innovation.

Expansion Strategy

The investment is part of ITC's 'Next Strategy', which aims to:

1. Create a future-ready portfolio
2. Build anti-fragile supply chains

In recent years, ITC has already established eight new manufacturing facilities, demonstrating its ongoing commitment to expanding its production capabilities.

New Manufacturing Facilities

As part of this expansion drive, ITC is setting up an integrated consumer goods manufacturing plant in Sandila, Uttar Pradesh. This new facility is expected to enhance the company's production capacity and strengthen its presence in the northern region of India.

Diversification and Growth

ITC's investment plans reflect its successful diversification strategy:

• Non-cigarette businesses now account for 65% of ITC's revenue
• The FMCG portfolio comprises 25 brands
• Annual consumer spend on ITC's FMCG products exceeds Rs 34,000 crore
• ITC's products reach over 260 million households in India

'Bharat First' Strategy

Chairman Sanjiv Puri highlighted the company's focus on the domestic market:

• India's per capita income is projected to exceed $4,000 by 2030
• ITC will prioritize its 'Bharat First' strategy
• The company plans to deepen its presence in the domestic market before significant overseas expansion

This strategic approach aligns with India's growing economic potential and the increasing purchasing power of its population.

The Rs 20,000 crore investment plan underscores ITC's confidence in the Indian market and its commitment to long-term growth. By expanding its manufacturing capabilities and focusing on a diverse portfolio of products, ITC is positioning itself to capitalize on the evolving consumer landscape in India.