ITC Limited has informed the Exchange regarding voting results of Postal Ballot
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ITC Limited has informed the stock exchanges that shareholders have approved the appointment of Mr. Navin Agarwal (DIN: 10684167) as a Non-Executive Director of the company through a postal ballot. The appointment is for a period of three years, effective 1st April 2026, and he will be liable to retire by rotation. The resolution was passed with overwhelming support — 99.18% of votes polled were in favour, with only 0.82% against. Out of 41.10 lakh shareholders on the record date, the turnout was strong at 81.16% of outstanding shares, with institutional investors participating heavily (96.41% of their shares polled) while retail non-institutional participation was modest at 1.36%.
This is a routine, well-supported board appointment with no governance red flags. Shareholder approval was near-unanimous, so no meaningful stock price impact is expected.