ITC Ltd — Interim / Quarterly Report 2024

May 23, 2024

ITC Limited Virginia House 37 J. L. Nehru Road Kolkata 700 071, India A Tel. : 91 33 2288 9371 Enduring Value Fax: 91 33 2288 4016 / 1256 / 2259 / 2260

23[rd ] May, 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,

Audited Annual Financial Results, Dividend and other matters

Further to our letter dated 9[th ] May, 2024, we enclose, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the following, as approved by the Board of Directors of the Company ('the Board') at the meeting held today i.e., 23[rd ] May, 2024:

• Audited Financial Results of the Company, both Standalone and Consolidated, for the Quarter and Twelve Months ended 31[st ] March, 2024;

• (i)

• (ii) Audited Segment-wise Revenue, Results, Assets and Liabilities of the Company, both Standalone and Consolidated, for the Quarter and Twelve Months ended 31[s][t ] March, 2024;

• (iii) Audited Balance Sheet, both Standalone and Consolidated, as at 3p[t ] March, 2024;

• (iv) Audited Statement of Cash Flows, both Standalone and Consolidated, for the Twelve Months ended 31[st ] March, 2024; and

• (v) Reports from the Statutory Auditors of the Company, Messrs. S R B C & CO LLP, Chartered Accountants, on the aforesaid Standalone and Consolidated Financial Results. The Auditors have issued the said Reports with unmodified opinion.

The Board at the aforesaid meeting has also -

• (a) recommended Final Dividend off 7.50 per Ordinary Share off 1/- each for the financial year ended 31[s][t ] March, 2024, subject to declaration of the same by the Members at the ensuing 113[t][h ] Annual General Meeting ('AGM') of the Company convened for Friday, 26[t][h ] July, 2024; the Final Dividend, if declared, will be paid between Monday, 29[t][h ] July, 2024 and Wednesday, 31[st ] July, 2024 to those Members entitled thereto.

Together with the Interim Dividend off 6.25 per Ordinary Share declared by the Board on 29[th ] January, 2024, the total Dividend for the financial year ended 31[st ] March, 2024 would be f 13. 75 per Ordinary Share off 1 /- each.

FMCG •HOTELS• PAPERBOARDS & PACKAGING• AGRI-BUSINESS • INFORMATION TECHNOLOGY Visit us at www .itcportal.com • Corporate Identity Number : LI 6005WB 191 0PLC00 1985 • e-mail : enduringvalue@itc.in

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Enduring Value
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• (b) fixed Tuesday, 4[th ] June, 2024 as the Record Date for the purpose of determining entitlement of the Members for payment of Final Dividend referred to in (a) above.

• (c) recommended for the approval of the Members:

• (I) appointment of Dr. Alok Pande (DIN: 10631871) as a Non-Executive Director of the Company for a period of three years with effect from 27[th ] July, 2024. Dr. Pande, if appointed, will represent the Specified Undertaking of the Unit Trust of India;

• (II) re-appointment of Mr. Sunil Panray (DIN: 09251023) as a Non-Executive Director of the Company for a period of three years with effect from 20[th ] December, 2024;

• (Ill) re-appointment of Mr. Sumant Bhargavan (DIN: 01732482) as a Director and also as a Wholetime Director of the Company for a period of two years with effect from 12[th ] July, 2025;

• (IV) re-appointment of Mr. Supratim Dutta (DIN: 01804345) as a Director and also as a Wholetime Director of the Company for a period of three years with effect from 22[nd ] July, 2025;

• (V) re-appointment of Messrs. S R B C & CO LLP, Chartered Accountants (Registration No. 324982E/E300003), as the Auditors of the Company from the conclusion of the 113[th ] AGM to hold such office for a period of five years till the conclusion of the 118[th ] AGM.

The Board Meeting commenced at 12.15 p.m. and concluded at 2.00 p.m.

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(R. K. Singhi) Executive Vice President & Company Secretary

Encl: as above.

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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