ITC Limited on Tuesday, December 16, 2025, informed stock exchanges that its shareholders have approved key board-level changes through a postal ballot via e-voting.
As per the regulatory filing, members approved the appointment of Amitabh Kant as a Director and Independent Director of the company for a five-year term starting January 1, 2026. Kant is a former IAS officer with over four decades of experience in governance and public policy and had served as India’s G20 Sherpa during the 2022–23 presidency. He has also previously held leadership roles at NITI Aayog, the Department of Industrial Policy and Promotion, and the Delhi Mumbai Industrial Corridor Development Corporation, among others. Kant currently serves on the boards of several listed companies, including HCL Technologies, Larsen & Toubro, and InterGlobe Aviation .
In addition, shareholders also approved the re-appointment of Hemant Malik as a Director liable to retire by rotation, and as a Whole-time Director, for a two-year term effective August 12, 2026. Malik is currently the Divisional Chief Executive of ITC’s Foods Business and also oversees the Personal Care Products business. He has been associated with ITC since 1989 and has played a key role in building several of the company’s flagship FMCG brands, including Aashirvaad, Sunfeast, Bingo!, YiPPee!, and Kitchens of India .
ITC stated that, to the best of its knowledge, both directors have not been debarred by SEBI or any other authority from holding the office of director. The company disclosed that there are no inter-se relationships between the newly appointed and re-appointed directors.
The approvals come in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, as part of ITC’s ongoing board governance and leadership continuity process .