ITC Limited Appoints Navin Agarwal as Non-Executive Director from April 2026

New Delhi: ITC Limited has announced the appointment of Navin Agarwal as a Non-Executive Director on its Board, effective April 1, 2026. The appointment was approved by the company’s shareholders through a postal ballot conducted via e-voting.

The company formally communicated the development to both the National Stock Exchange of India (NSE) and BSE Limited in compliance with regulatory requirements.

Term and Representation

Mr. Agarwal will serve a three-year term and will be liable to retire by rotation. He will represent the Specified Undertaking of the Unit Trust of India (SUUTI), a significant institutional stakeholder in ITC.

Professional Background and Experience

A seasoned civil servant, Navin Agarwal currently serves as Joint Secretary in the Department of Investment and Public Asset Management (DIPAM) under the Ministry of Finance, Government of India. In this role, he oversees disinvestment and capital management of Central Public Sector Enterprises.

He is also associated with SUUTI as an Administrator and Member of its governing body, further strengthening his expertise in public asset management and financial governance.

Mr. Agarwal brings nearly three decades of experience spanning public finance, capital markets, and governance. A member of the Indian Railway Personnel Service since 1997, he has held key positions including Director in the Department of Economic Affairs and Executive Director on the Railway Board.

Currently, he also serves as a Director at National Land Monetization Corporation Limited.

Academic Credentials

Mr. Agarwal holds a Bachelor’s degree in Economics from University of Delhi. He has further earned a Master’s degree in Climate Change, Management & Finance from Imperial College Business School, and a Master of Public Administration in Finance and Fiscal Policy from Cornell University.

Regulatory Compliance

ITC confirmed that, to the best of its knowledge, Mr. Agarwal has not been debarred from holding the office of Director by any regulatory authority, including the Securities and Exchange Board of India (SEBI).

Strengthening Corporate Governance

The appointment underscores ITC’s continued focus on strengthening its board with experienced professionals in governance and financial management. Mr. Agarwal’s expertise is expected to contribute significantly to the company’s strategic direction and oversight.