ITC liquidates subsidiary, allots new shares

ITC Limited announced the voluntary liquidation of its wholly owned subsidiary, Prag Agro Farm Limited (PAFL), effective December 10, 2025. The order from the National Company Law Tribunal, Mumbai Bench, was received on December 18, 2025, ceasing PAFL’s status as a subsidiary. PAFL’s total income for FY 2024-25 was ₹9.62 lakhs, representing 0.0001% of ITC Limited's total income, with a net worth of ₹82.11 lakhs as of March 31, 2025.

Concurrently, ITC Limited issued and allotted 195,210 ordinary shares of ₹1/- each on December 19, 2025. This allotment resulted from the exercise of 19,521 options by optionees under the company’s employee stock option schemes, following a committee meeting.

As a direct consequence of this allotment, the issued and subscribed share capital of ITC Limited has increased to ₹1,252,89,59,771/-, divided into 1,252,89,59,771 ordinary shares of ₹1/- each, effective December 19, 2025. These disclosures align with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular dated November 11, 2024.