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ITC Ltd — Capital/Financing Update 2024
Dec 17, 2024
60425_rns_2024-12-17_0cf72592-cfce-47c6-945a-8bbcfbb07d12.pdf
Capital/Financing Update
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ITC Limited Virginia House 37 J. L. Nehru Road Kolkata 700 071, India Tel. : 91 33 2288 9371 Fax : 91 33 2288 4016 / 1256 / 2259 / 2260
17[th] December, 2024
The Manager Listing Department National Stock Exchange of India Ltd. Exchange Plaza Plot No. C-1, G Block Bandra-Kurla Complex Bandra (East) Mumbai 400 051
The General Manager Dept. of Corporate Services BSE Ltd. P. J. Towers Dalal Street Mumbai 400 001
The Secretary The Calcutta Stock Exchange Ltd. 7, Lyons Range Kolkata 700 001
Dear Sirs,
Demerger of the Hotels Business of the Company
Further to our letter dated 5[th] October, 2024, we write to advise that the Company has received a certified copy of the Order dated 4[th] October, 2024 issued by the Hon’ble National Company Law Tribunal, Kolkata Bench, sanctioning the Scheme of Arrangement amongst ITC Limited and ITC Hotels Limited and their respective shareholders and creditors under Sections 230 to 232 read with the other applicable provisions of the Companies Act, 2013 (Scheme); copy of the said order was received by the Company on 16[th] December, 2024 at 5.26 p.m.
We further advise that ITC Limited and ITC Hotels Limited have mutually acknowledged that all the conditions specified in Clause 28 of the Scheme have been fulfilled and satisfied, including filing of the aforesaid Order with the Registrar of Companies, West Bengal, and accordingly, the Appointed Date and the Effective Date of the Scheme shall be the first day of the following month i.e. 1[st] January, 2025 , in accordance with Clauses 5.1(iii) and 5.1(xvi) of the Scheme, respectively.
Yours faithfully, ITC Limited RAJENDRA Digitally signed by RAJENDRA KUMAR KUMAR SINGHI Date: 2024.12.17 SINGHI 11:33:49 +05'30'
(R. K. Singhi) Executive Vice President & Company Secretary
FMCG ⚫ HOTELS ⚫ PAPERBOARDS & PACKAGING ⚫ AGRI-BUSINESS ⚫ INFORMATION TECHNOLOGY Visit us at www.itcportal.com ⚫ Corporate Identity Number : L16005WB1910PLC001985 ⚫ e-mail : [email protected]
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cc: Securities Exchange Commission Division of Corporate Finance Office of International Corporate Finance Mail Stop 3-9 450 Fifth Street Washington DC 20549 U.S.A. cc: Societe de la Bourse de Luxembourg 35A Boulevard Joseph II L-1840 Luxembourg