ITC Limited has informed the Exchange regarding Notice of Postal Ballot
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ITC Limited has issued a Postal Ballot Notice seeking shareholder approval to appoint Mr. Navin Agarwal (DIN: 10684167) as a Non-Executive Director of the Company, effective 1st April, 2026 for a period of three years. Mr. Agarwal, age 55, currently serves as Joint Secretary in the Department of Investment and Public Asset Management, Ministry of Finance, Government of India, and will represent SUUTI (Specified Undertaking of the Unit Trust of India) on the ITC board. He holds degrees from Delhi University, Imperial Business School London, and Cornell University, and has nearly three decades of experience in public finance, capital markets, and public sector governance. As a non-executive director, he would receive sitting fees plus commission between ₹1 crore and ₹1.3 crore per annum. This will be his first directorship on any listed company board.
This is a routine government-nominee director appointment replacing the SUUTI representative on ITC's board. It is unlikely to have any material impact on the stock price or shareholder value, as it is a standard institutional nomination process.