Kolkata: ITC Limited (NSE: ITC, BSE: 500875) on Thursday announced key changes to its Board of Directors, effective 1st April 2026.
The Board has recommended the appointment of Mr. Navin Agarwal as a Non-Executive Director for a period of three years. Mr. Agarwal will represent the Specified Undertaking of the Unit Trust of India (SUUTI).
In a corresponding move, Dr. Alok Pande, who has been representing SUUTI on the ITC Board, has tendered his resignation with effect from 1st April 2026. In his resignation letter, Dr. Pande thanked the Board and ITC management for their guidance and cooperation and wished the company continued success.
Also Read: ITC Q3 Results: FMCG-Others Revenue Hits ₹6,020 Cr; PAT ₹5,089 Cr
The announcements were made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and communicated to NSE, BSE, the U.S. Securities and Exchange Commission, and the Luxembourg Stock Exchange.
Investor Implications:
The changes are part of normal board succession planning and are not expected to impact ITC’s operations or business performance. Mr. Agarwal will succeed Dr. Pande in representing SUUTI on the Board, ensuring continuity in governance.
About ITC Limited:
ITC is a diversified conglomerate with businesses spanning FMCG, Paperboards & Packaging, Agri-Business, and Information Technology.