ITC logo

ITC MD, chairman, board of directors and AGM

NSE: ITCBSE: 500875Diversified FMCGLarge Cap

Last close ₹257.90down ₹1.00 (0.39%)BSE ₹257.20

Share price at the NSE close on 23 Oct 2026. Previous close ₹258.90.

52-week range of traded prices to 23 Oct 2026
₹253.15Low, 8 Oct 2026₹426.40High, 31 Oct 2025
Market cap
₹3,23,162 Cr17th largest listed
P/E
16.3
P/B
4.5
Dividend yield
5.62%
ROE
27.8%
ROCE
31.9%
Debt to equity
0.03
Volume, NSE
1,75,60,07554.5% delivered

ITC board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorSanjiv Puri
  • Company Secretary and Compliance OfficerR. K. Singhi

16 directors8 independent4 executive4 non-executive

  • Sanjiv Puri · Chairperson and managing directorExecutive · joined Dec 2015 · reappointed Jul 2024 · 2 listed boards
  • Sumant BhargavanExecutive · joined Nov 2018 · reappointed Jul 2025 · 1 listed board · 1 committee seat
  • Supratim DuttaExecutive · joined Jul 2022 · reappointed Jul 2025 · 2 listed boards · 3 committee seats, 2 as chair
  • Hemant MalikExecutive · joined Aug 2023 · reappointed Aug 2026 · 1 listed board
  • Navin AgarwalNon-executive · joined Apr 2026 · 1 listed board
  • Hemant BhargavaIndependent · joined Dec 2021 · 57 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 2 as chair
  • Alka Marezban BharuchaIndependent · joined Aug 2023 · 37 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 2 as chair
  • Amitabh KantIndependent · joined Jan 2026 · 9 months as independent · 5 listed boards · 4 as independent · 1 committee seat
  • Chandra Kishore MishraIndependent · joined Sep 2024 · 24 months as independent · 3 listed boards · 3 as independent · 4 committee seats
  • Siddhartha MohantyNon-executive · joined Jan 2025 · 2 listed boards · 1 committee seat
  • Shyamal MukherjeeIndependent · joined Aug 2021 · reappointed Aug 2026 · 61 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 3 as chair
  • Anand NayakIndependent · joined Jul 2019 · reappointed Jul 2024 · 86 months as independent · 1 listed board · 1 as independent
  • Sunil PanrayNon-executive · joined Aug 2021 · reappointed Dec 2024 · 1 listed board
  • Ajit Kumar SethIndependent · joined Jul 2019 · reappointed Jul 2024 · 86 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Atul SinghNon-executive · joined Apr 2024 · 1 listed board
  • Pushpa SubrahmanyamIndependent · joined Apr 2024 · 29 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left
  • Nirupama Rao, left 8 Apr 2026: Tenure Completion
  • Alok Pande, left 1 Apr 2026: Others
  • Mukesh Gupta, left 27 Oct 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 31 Aug 202614 of 16 present8 independent · 30 days in between
    • 31 Jul 202616 of 16 present8 independent · 70 days in between
    • 21 May 202616 of 16 present8 independent · 37 days in between
    • 13 Apr 202616 of 16 present8 independent

  • Audit Committee

    Chair Hemant Bhargava

    Alka Marezban Bharucha, Chandra Kishore Mishra, Shyamal Mukherjee

    • 11 Sep 20264 of 4 present4 independent · 41 days in between
    • 31 Jul 20264 of 4 present4 independent · 70 days in between
    • 21 May 20264 of 4 present4 independent · 8 days in between
    • 12 May 20264 of 4 present4 independent · 35 days in between
    1 earlier meeting
    • 6 Apr 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair Anand Nayak

    Sanjiv Puri, Ajit Kumar Seth, Pushpa Subrahmanyam

    • 30 Jul 20264 of 4 present3 independent · 43 days in between
    • 16 Jun 20264 of 4 present3 independent · 26 days in between
    • 20 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Ajit Kumar Seth

    Supratim Dutta, Sumant Bhargavan

    • 17 Sep 20263 of 3 present1 independent · 33 days in between
    • 14 Aug 20263 of 3 present1 independent · 44 days in between
    • 30 Jun 20263 of 3 present1 independent · 60 days in between
    • 30 Apr 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Sanjiv Puri

    Hemant Bhargava, Supratim Dutta, Hemant Malik, Sumant Bhargavan, Surampudi Sivakumar

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S R B C & CO LLPPeer-review certificate valid to Feb 2029

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

ITC AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.ITC dividend history

Annual general meeting, 23 Jul 2026

43,73,208 shareholders on the register on 16 Jul 2026; present: 0 promoters and 673 others; votes counted by Ramendra Lal Auddy / Ramendra Lal Auddy.The company's voting result (opens in a new tab)

  1. Adoption of (i) the Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon, and (ii) the Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 and the Report of the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.25%

    Turnout: all 81.97% · promoters 0.00% · institutions 97.64% · other public 3.58%

  2. Confirmation of Interim Dividend of Rs. 6.50 per Ordinary Share of Re. 1/- each, and declaration of Final Dividend of Rs. 8.00 per Ordinary Share for the financial year ended 31st March, 2026.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.07%

    Turnout: all 82.28% · promoters 0.00% · institutions 98.01% · other public 3.58%

  3. Appointment of Mr. Sunil Panray who retired by rotation and offered himself for re-election.
    Ordinary
    98.97% for1.03% against

    Against: promoters 0.00% · institutions 1.02% · other public 2.12%

    Turnout: all 82.18% · promoters 0.00% · institutions 97.90% · other public 3.55%

  4. Appointment of Mr. Siddhartha Mohanty who retired by rotation and offered himself for re-election.
    Ordinary
    98.97% for1.03% against

    Against: promoters 0.00% · institutions 1.02% · other public 2.10%

    Turnout: all 82.18% · promoters 0.00% · institutions 97.90% · other public 3.55%

  5. Remuneration not exceeding Rs. 4.40 crores to Messrs. S R B C & CO LLP, Chartered Accountants, Statutory Auditors of the Company, to conduct audit for the financial year 2026-27.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.01% · other public 1.35%

    Turnout: all 82.27% · promoters 0.00% · institutions 98.00% · other public 3.58%

  6. Re-appointment of Mr. Hemant Bhargava as a Director and also as an Independent Director of the Company for a period of five years with effect from 20th December, 2026.
    Special
    94.18% for5.82% against

    Against: promoters 0.00% · institutions 5.85% · other public 1.60%

    Turnout: all 81.91% · promoters 0.00% · institutions 97.58% · other public 3.55%

  7. Remuneration not exceeding Rs. 7 lakhs to Messrs. ABK & Associates, Cost Auditors for ‘Wood Pulp’ and ‘Paper and Paperboard’ products, to conduct audit for the financial year 2026-27.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.31%

    Turnout: all 82.27% · promoters 0.00% · institutions 98.00% · other public 3.58%

  8. Remuneration not exceeding Rs. 7.90 lakhs to Messrs. S. Mahadevan & Co., Cost Auditors for all applicable products of the Company, other than ‘Wood Pulp’ and ‘Paper and Paperboard’ products, to conduct audit for the financial year 2026-27.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.35%

    Turnout: all 82.27% · promoters 0.00% · institutions 98.00% · other public 3.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Mar 2026, 1 resolution

41,10,188 shareholders on the register on 30 Jan 2026; votes counted by Ramendra Lal Auddy / Ramendra Lal Auddy.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Navin Agarwal as a Non-Executive Director of the Company, liable to retire by rotation, for a period of three years with effect from 1st April, 2026.
    Ordinary
    99.18% for0.82% against

    Against: promoters 0.00% · institutions 0.81% · other public 3.67%

    Turnout: all 81.16% · promoters 0.00% · institutions 96.41% · other public 1.36%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Dec 2025, 2 resolutions

38,04,308 shareholders on the register on 7 Nov 2025; votes counted by Ramendra Lal Auddy / Ramendra Lal Auddy.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Amitabh Kant as a Director and also as an Independent Director of the Company for a period of five years with effect from 1st January, 2026.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.02% · other public 3.50%

    Turnout: all 81.98% · promoters 0.00% · institutions 96.18% · other public 1.85%

  2. Re-appointment of Mr. Hemant Malik as a Director, liable to retire by rotation, and also as a Wholetime Director of the Company for a period of two years with effect from 12th August, 2026.
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 0.32% · other public 3.42%

    Turnout: all 81.98% · promoters 0.00% · institutions 96.18% · other public 1.85%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Jul 2025, 11 resolutions

38,30,021 shareholders on the register on 18 Jul 2025; present: 0 promoters and 619 others; votes counted by Ramendra Lal Auddy / Ramendra Lal Auddy.The company's voting result (opens in a new tab)

  1. Adoption of the Financial Statements of the Company for the financial year ended 31st March, 2025, the Consolidated Financial Statements for the said financial year and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.09%

    Turnout: all 81.76% · promoters 0.00% · institutions 95.91% · other public 2.24%

  2. Confirmation of Interim Dividend and declaration of Final Dividend for the financial year ended 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.05%

    Turnout: all 82.21% · promoters 0.00% · institutions 96.45% · other public 2.24%

  3. Appointment of Mr. Hemant Malik who retires by rotation and offers himself for re-election.
    Ordinary
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 0.64% · other public 1.47%

    Turnout: all 82.20% · promoters 0.00% · institutions 96.43% · other public 2.22%

  4. Appointment of Mr. Atul Singh who retires by rotation and offers himself for re-election.
    Ordinary
    97.01% for2.99% against

    Against: promoters 0.00% · institutions 2.99% · other public 2.31%

    Turnout: all 82.20% · promoters 0.00% · institutions 96.43% · other public 2.20%

  5. Approval to remuneration of Messrs. S R B C & CO LLP, Chartered Accountants, Statutory Auditors of the Company, for conduct of audit for the financial year 2025-26.
    Ordinary
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.26% · other public 1.46%

    Turnout: all 82.20% · promoters 0.00% · institutions 96.43% · other public 2.23%

  6. Re-appointment of Mr. Shyamal Mukherjee as a Director and also as an Independent Director of the Company for a period of five years with effect from 11th August, 2026.
    Special
    98.50% for1.50% against

    Against: promoters 0.00% · institutions 1.50% · other public 1.51%

    Turnout: all 82.20% · promoters 0.00% · institutions 96.43% · other public 2.22%

  7. Appointment of Messrs. S. N. Ananthasubramanian and Co., Company Secretaries, as the Secretarial Auditors of the Company to conduct secretarial audit for a period of five financial years commencing from the financial year 2025-26.MoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.01% · other public 1.24%

    Turnout: all 82.20% · promoters 0.00% · institutions 96.43% · other public 2.23%

  8. Entering into Related Party Transactions with British American Tobacco (GLP) Limited, United Kingdom, during the financial year 2026-27.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.78%

    Turnout: all 43.38% · promoters 0.00% · institutions 50.78% · other public 1.83%

  9. Entering into Related Party Transactions with ITC Filtrona Limited during the financial year 2025-26.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.48%

    Turnout: all 43.38% · promoters 0.00% · institutions 50.78% · other public 1.84%

  10. Ratification of remuneration of Messrs. ABK & Associates, Cost Auditors, for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.18%

    Turnout: all 82.19% · promoters 0.00% · institutions 96.43% · other public 2.23%

  11. Ratification of remuneration of Messrs. S. Mahadevan & Co., Cost Auditors, for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.18%

    Turnout: all 82.20% · promoters 0.00% · institutions 96.43% · other public 2.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Apr 2025, 2 resolutions

37,82,403 shareholders on the register on 14 Feb 2025; votes counted by Ramendra Lal Auddy / Ramendra Lal Auddy.The company's voting result (opens in a new tab)

  1. Granting, offering and issuing Equity Settled Stock Appreciation Rights to the eligible employees of the Company under an Employee Stock Appreciation Rights Scheme.
    Special
    98.74% for1.26% against

    Against: promoters 0.00% · institutions 1.24% · other public 5.68%

    Turnout: all 82.22% · promoters 0.00% · institutions 96.37% · other public 1.97%

  2. Granting, offering and issuing Equity Settled Stock Appreciation Rights to the eligible employees of the subsidiary companies of the Company under an Employee Stock Appreciation Rights Scheme.
    Special
    98.80% for1.20% against

    Against: promoters 0.00% · institutions 1.18% · other public 5.88%

    Turnout: all 82.22% · promoters 0.00% · institutions 96.37% · other public 1.98%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Siddhartha Mohanty as a Non-Executive Director of the Company, liable to retire by rotation, for a period of three years with effect from 1st January, 2025.
    Ordinary
    98.95% for1.05% against

    Against: promoters 0.00% · institutions 1.05% · other public 1.00%

    Turnout: all 82.70% · promoters 0.00% · institutions 96.85% · other public 1.94%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Sep 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Chandra Kishore Mishra as a Director and also as an Independent Director of the Company for a period of five years with effect from 14th September, 2024.
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.16% · other public 3.15%

    Turnout: all 83.37% · promoters 0.00% · institutions 97.80% · other public 2.30%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Jul 2024, 15 resolutions

Present: 0 promoters and 582 others.The company's voting result (opens in a new tab)

  1. Adoption of the Financial Statements of the Company for the financial year ended 31st March, 2024, the Consolidated Financial Statements for the said financial year and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 82.54% · promoters 0.00% · institutions 97.03% · other public 2.31%

  2. Confirmation of Interim Dividend and declaration of Final Dividend for the financial year ended 31st March, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 83.04% · promoters 0.00% · institutions 97.62% · other public 2.31%

  3. Appointment of Mr. Sunil Panray who retires by rotation and offers himself for re-election.
    Ordinary
    96.74% for3.26% against

    Against: promoters 0.00% · institutions 3.26% · other public 1.75%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.31%

  4. Appointment of Mr. Supratim Dutta who retires by rotation and offers himself for re-election.
    Ordinary
    97.91% for2.09% against

    Against: promoters 0.00% · institutions 2.10% · other public 0.90%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.31%

  5. Re-appointment of Messrs. S R B C & CO LLP, Chartered Accountants, as the Auditors of the Company from the conclusion of the 113th AGM till the conclusion of the 118th AGM, and approval to their remuneration for the financial year 2024-25.MoreLess
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.23% · other public 0.42%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.31%

  6. Appointment of Dr. Alok Pande as a Non-Executive Director of the Company, liable to retire by rotation, for a period of three years with effect from 27th July, 2024.
    Ordinary
    97.32% for2.68% against

    Against: promoters 0.00% · institutions 2.68% · other public 1.49%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.31%

  7. Re-appointment of Mr. Sunil Panray as a Non-Executive Director of the Company, liable to retire by rotation, for a period of five years with effect from 20th December, 2024.
    Ordinary
    96.75% for3.25% against

    Against: promoters 0.00% · institutions 3.26% · other public 1.82%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.31%

  8. Variation in the terms of remuneration payable to Mr. Sumant Bhargavan, Wholetime Director, with effect from 1st October, 2024.
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.12% · other public 1.73%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.30%

  9. Variation in the terms of remuneration payable to Mr. Supratim Dutta, Wholetime Director, with effect from 1st October, 2024.
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.12% · other public 1.96%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.30%

  10. Variation in the terms of remuneration payable to Mr. Hemant Malik, Wholetime Director, with effect from 1st October, 2024.
    Ordinary
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.12% · other public 1.40%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.29%

  11. Re-appointment of Mr. Sumant Bhargavan as a Director, liable to retire by rotation, and also as a Wholetime Director of the Company for a period of two years with effect from 12th July, 2025, and approval to his remuneration.MoreLess
    Ordinary
    97.42% for2.58% against

    Against: promoters 0.00% · institutions 2.59% · other public 0.86%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.30%

  12. Re-appointment of Mr. Supratim Dutta as a Director, liable to retire by rotation, and also as a Wholetime Director of the Company for a period of three years with effect from 22nd July, 2025, and approval to his remuneration.MoreLess
    Ordinary
    97.57% for2.43% against

    Against: promoters 0.00% · institutions 2.43% · other public 1.27%

    Turnout: all 83.03% · promoters 0.00% · institutions 97.61% · other public 2.30%

  13. Entering into Related Party Transactions with British American Tobacco (GLP) Limited, United Kingdom, during the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.55%

    Turnout: all 51.98% · promoters 0.00% · institutions 61.02% · other public 1.96%

  14. Ratification of remuneration of Messrs. ABK & Associates, Cost Auditors, for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 83.02% · promoters 0.00% · institutions 97.59% · other public 2.31%

  15. Ratification of remuneration of Messrs. S. Mahadevan & Co., Cost Auditors, for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.59%

    Turnout: all 83.02% · promoters 0.00% · institutions 97.59% · other public 2.31%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 23 Jul 2026, 18 fund houses so far (houses' deadline to file 15 Oct 2026)

  • Adoption of (i) the Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 and the Reports of the Board of Directors and the Auditors thereon, and (ii) the Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 and the Report of the Auditors thereon.MoreLess
    18 for0 against
  • Confirmation of Interim Dividend of Rs. 6.50 per Ordinary Share of Re. 1/- each, and declaration of Final Dividend of Rs. 8.00 per Ordinary Share for the financial year ended 31st March, 2026.
    18 for0 against
  • Appointment of Mr. Sunil Panray who retired by rotation and offered himself for re-election.
    18 for0 against
  • Appointment of Mr. Siddhartha Mohanty who retired by rotation and offered himself for re-election.
    18 for0 against
  • Remuneration not exceeding Rs. 4.40 crores to Messrs. S R B C & CO LLP, Chartered Accountants, Statutory Auditors of the Company, to conduct audit for the financial year 2026-27.
    18 for0 against
  • Re-appointment of Mr. Hemant Bhargava as a Director and also as an Independent Director of the Company for a period of five years with effect from 20th December, 2026.
    Against Angel One Mutual Fund, Edelweiss Mutual Fund, HSBC Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, Old Bridge Mutual Fund, PGIM India Mutual Fund, Quantum Mutual Fund, Sundaram Mutual Fund, Tata Mutual Fund
    • Angel One Mutual FundGovernance Concern: Total association with the Company will exceed 10 years during the proposed re-appointment term of 5 years, which is higher than the governance benchmark of 10 years for Independent Directors.
    • Edelweiss Mutual Fund, Navi Mutual Fund, Old Bridge Mutual FundCompliant with law. No concern on the merit and profile of the proposed appointee. Governance Concern: Total association with the Company will exceed 10 years during the proposed re-appointment term of 5 years, which is higher than the governance benchmark of 10 years for Independent Directors, as per SES’ policy.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because Hemant Bhargava's tenure on the board will exceed 10 years during the proposed term, which may raise concerns regarding prolonged board tenure and the potential impeding of his objectivity and ability to provide independent oversight.
    • Jio BlackRock Mutual Fund, Sundaram Mutual FundHemant Bhargava, 66, retired as the Managing Director of Life Insurance Corporation of India in July 2019. He was on the board of ITC Limited from 28 July 2018 to 23 August 2021 as a Non-Executive Non-Independent Director, representing LIC. Following the cessation of his position as an LIC nominee, Hemant Bhargava was brought back on the board as an Independent Director from 20 December 2021. He has attended all five board meetings held in FY26. In addition to sitting fees Hemant Bhargava, similar to the other Non-Executive Directors, would be entitled to remuneration by way of commission ranging between Rs. 10.0 mn to Rs. 13.0 mn annually. He will complete ten years of association with ITC Limited during the proposed five-year tenure from 20 December 2026. We recognize that Hemant Bhargava is qualified and brings experience that is relevant to the company. However, we do not support the (re)appointment of Independent Directors if their aggregate tenure with the company or the group exceeds ten years anytime during the proposed tenure. Therefore, we are unable to support the resolution.
    • PGIM India Mutual FundCompliant with law. No concern on the merit and profile of the proposed appointee. Governance Concern: Total association with the Company will exceed 10 years during the proposed re-appointment term of 5 years, which is higher than the governance benchmark of 10 years for Independent Directors, as per SES policy.
    • Quantum Mutual FundWe do not have any concern on the profile, time commitments, and attendance of Hemant Bhargava. However, he served as a Non-Executive Non-Independent Director from 28 July 2018 to 23 August 2021 and was appointed as an Independent Director with effect from 20 December 2021. The appointment as ID in 2021 does not meet our internal guidelines of minimum three-year cooling-off period for a Non-Executive Non-Independent Director to be appointed as an Independent Director. Therefore, we do not favour his re-appointment as an independent director of the company.
    • Tata Mutual FundCompliant with law. No concern on the merit and profile of the proposed appointee. Governance Concern: Total association with the Company will exceed 10 years during the proposed re-appointment term of 5 years, which is higher than the governance benchmark of 10 years for Independent Directors.
    8 for10 against
  • Remuneration not exceeding Rs. 7 lakhs to Messrs. ABK & Associates, Cost Auditors for ‘Wood Pulp’ and ‘Paper and Paperboard’ products, to conduct audit for the financial year 2026-27.
    18 for0 against
  • Remuneration not exceeding Rs. 7.90 lakhs to Messrs. S. Mahadevan & Co., Cost Auditors for all applicable products of the Company, other than ‘Wood Pulp’ and ‘Paper and Paperboard’ products, to conduct audit for the financial year 2026-27.MoreLess
    18 for0 against

Mutual fund votes, meeting of 18 Mar 2026, 43 fund houses

  • Appointment of Mr. Navin Agarwal as a Non-Executive Director of the Company, liable to retire by rotation, for a period of three years with effect from 1st April, 2026.
    43 for0 against
6 earlier meetings

Mutual fund votes, meeting of 15 Dec 2025, 43 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Appointment of Mr. Amitabh Kant as a Director and also as an Independent Director of the Company for a period of five years with effect from 1st January, 2026.
    42 for0 against

    1 abstained

  • Re-appointment of Mr. Hemant Malik as a Director, liable to retire by rotation, and also as a Wholetime Director of the Company for a period of two years with effect from 12th August, 2026.
    41 for0 against

    1 abstained

1 proposal not matched to one resolution
  • Item 2, as a fund house numbered it
    1 for0 against

Mutual fund votes, meeting of 4 Nov 2025, 1 fund house

  • Special Resolution - Granting, offering and issuing SARs to employees of subsidiary companies
    1 for0 against
  • Special Resolution - Granting, offering and issuing SARs to employees of the Company
    1 for0 against

Mutual fund votes, meeting of 25 Jul 2025, 39 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of the Financial Statements of the Company for the financial year ended 31st March, 2025, the Consolidated Financial Statements for the said financial year and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    38 for0 against
  • Confirmation of Interim Dividend and declaration of Final Dividend for the financial year ended 31st March, 2025.
    38 for0 against
  • Appointment of Mr. Hemant Malik who retires by rotation and offers himself for re-election.
    39 for0 against
  • Appointment of Mr. Atul Singh who retires by rotation and offers himself for re-election.
    39 for0 against
  • Approval to remuneration of Messrs. S R B C & CO LLP, Chartered Accountants, Statutory Auditors of the Company, for conduct of audit for the financial year 2025-26.
    37 for0 against
  • Re-appointment of Mr. Shyamal Mukherjee as a Director and also as an Independent Director of the Company for a period of five years with effect from 11th August, 2026.
    Against Groww Mutual Fund, PPFAS Mutual Fund
    • Groww Mutual FundCompliant with law. No concern identified w.r.t. merit of appointee. Governance Concern: Re-appointment proposed earlier than one year before the expiry of the existing term, which does not account for the performance of ID during considerable portion of his remaining tenure.
    • PPFAS Mutual FundRe-appointment of Independent director is done one year in advance, which is too early. Re-appointment should be done basis the performance of the director over a full term which is still a year away. While it is compliant with law, there is a governance concern regarding the same
    37 for2 against
  • Appointment of Messrs. S. N. Ananthasubramanian and Co., Company Secretaries, as the Secretarial Auditors of the Company to conduct secretarial audit for a period of five financial years commencing from the financial year 2025-26.MoreLess
    39 for0 against
  • Entering into Related Party Transactions with British American Tobacco (GLP) Limited, United Kingdom, during the financial year 2026-27.
    39 for0 against
  • Entering into Related Party Transactions with ITC Filtrona Limited during the financial year 2025-26.
    39 for0 against
  • Ratification of remuneration of Messrs. ABK & Associates, Cost Auditors, for the financial year 2025-26.
    35 for0 against
  • Ratification of remuneration of Messrs. S. Mahadevan & Co., Cost Auditors, for the financial year 2025-26.
    35 for0 against
7 proposals not matched to one resolution
  • Item 1, as a fund house numbered it
    1 for0 against
  • Item 2, as a fund house numbered it
    1 for0 against
  • Item 10, as a fund house numbered it
    1 for0 against
  • Item 11, as a fund house numbered it
    1 for0 against
  • Approve remuneration of Rs. 500,000 (plus reimbursement of actual expenses) for ABK & Associates, cost auditors for ‘Wood Pulp’ and ‘Paper and Paperboard’ products of the company for FY26
    3 for0 against
  • Approve remuneration of Rs. 715,000 (plus reimbursement of actual expenses) for S. Mahadevan & Co., cost auditors for all products other than the ‘Wood Pulp’ and ‘Paper and Paperboard’ products of the company for FY26MoreLess
    3 for0 against
  • Authorize Board to Fix Remuneration of Auditors
    2 for0 against

Mutual fund votes, meeting of 10 Apr 2025, 37 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Granting, offering and issuing Equity Settled Stock Appreciation Rights to the eligible employees of the Company under an Employee Stock Appreciation Rights Scheme.
    35 for0 against
  • Granting, offering and issuing Equity Settled Stock Appreciation Rights to the eligible employees of the subsidiary companies of the Company under an Employee Stock Appreciation Rights Scheme.
    35 for0 against
2 proposals not matched to one resolution
  • Approve Extension of Benefits of the ITC Employee Stock Appreciation Rights Scheme 2025 to such Permanent Employees, including Managing/Wholetime Directors
    2 for0 against
  • Approve Grant and Issuance of Equity Settled Stock Appreciation Rights under ITC Employee Stock Appreciation Rights Scheme 2025 (ITC ESAR Scheme)
    2 for0 against

Mutual fund votes, meeting of 17 Dec 2024, 34 fund houses

  • Appointment of Mr. Siddhartha Mohanty as a Non-Executive Director of the Company, liable to retire by rotation, for a period of three years with effect from 1st January, 2025.
    34 for0 against

Mutual fund votes, meeting of 10 Sep 2024, 34 fund houses

  • Appointment of Mr. Chandra Kishore Mishra as a Director and also as an Independent Director of the Company for a period of five years with effect from 14th September, 2024.
    Against Groww Mutual Fund
    • Groww Mutual FundNo concern on the merits of proposed appointee. Non-Compliant with SEBI (LODR) & Companies Act, 2013: Terms and Conditions of the Independent Directors not disclosed on the website.
    33 for1 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.