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ITC Shareholders Approve Amitabh Kant as Independent Director with 99.96% Majority
ITC Limited shareholders have overwhelmingly approved the appointment of Mr. Amitabh Kant as an Independent Director for a five-year term starting January 1, 2026. Additionally, the re-appointment of Mr. Hemant Malik as a Wholetime Director for two years effective August 12, 2026, was cleared with 99.67% votes in favor. The postal ballot saw significant participation, with total votes polled representing approximately 81.98% of the company's outstanding shares. These moves ensure leadership continuity and bring high-profile strategic expertise to the board.
Key Highlights
Mr. Amitabh Kant's appointment as Independent Director approved with 99.96% votes in favor
Mr. Hemant Malik's re-appointment as Wholetime Director approved with 99.67% votes in favor
Institutional participation was high, with 96.17% of institutional shares being polled
Total of 1027.02 crore votes were cast out of a total shareholder base of 38,04,308
Appointments provide long-term leadership stability for ITC's diversified business segments
💼 Action for Investors
Investors should view these appointments as a positive sign of governance and leadership stability. No immediate action is required as these are routine but significant board-level reinforcements.