Acquisition

28th September, 2026 The Manager The General Manager Listing Department Dept. of Corporate Services National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza, Plot No. C-1, G Block P. J. Towers, Dalal Street Bandra-Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 Dear Sirs, Acquisition of shares of Sproutlife Foods Private Limited This has reference to our earlier communications with respect to acquisition of the shares of Sproutlife Foods Private Limited (‘Sproutlife’) by the Company. We write to advise that the Company today has further acquired 13,445 Equity Shares of ₹ 10/- each (through secondary purchase) of Sproutlife; confirmation to this effect has been received by the Company at 8.05 p.m. Consequent to the above, the Company now holds 100% of the entire share capital of Sproutlife. Accordingly, Sproutlife has become a wholly owned subsidiary of the Company with effect from today i.e. 28th September, 2026. Enclosed please find the relevant disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular dated 30th January, 2026. Yours faithfully, ITC Limited (R. K. Singhi) Executive Vice President & Company Secretary Encl. as above. FMCG  PAPERBOARDS & PACKAGING  AGRI-BUSINESS  INFORMATION TECHNOLOGY Visit us at www.itcportal.com  Corporate Identity Number : L16005WB1910PLC001985  e-mail : enduringvalue@itc.in cc: Securities Exchange Commission Division of Corporate Finance Office of International Corporate Finance Mail Stop 3-9 450 Fifth Street Washington DC 20549 U.S.A. cc: Societe de la Bourse de Luxembourg 35A Boulevard Joseph II L-1840 Luxembourg Sl. Particulars Disclosures 1. Name of the target entity Sproutlife Foods Private Limited (‘Sproutlife’). 2. Whether the acquisition would fall No. within related party transaction(s)? Whether the promoter / promoter The Company does not have any promoter / group / group companies have any promoter group. The group companies do not have any interest in the entity being interest in acquisition of the Equity Shares under acquired? reference. If yes, nature of interest and details thereof and whether the same is done at ‘arms length’ 3. Industry to which the entity being New and innovative food products. acquired belongs 4. Objects and impact of acquisition As advised earlier, the acquisition of Sproutlife is in line (including but not limited to, with the strategy to augment the Company’s future disclosure of reasons for acquisition ready portfolio in foods segment. of target entity, if its business is outside the main line of business of the listed entity) 5. Brief details of any governmental None. or regulatory approvals required for the acquisition 6. Indicative time period for The Company has today, i.e., on 28th September, 2026, completion of the acquisition completed acquisition of 13,445 Equity Shares of Sproutlife. Consideration - whether cash 7. Cash. consideration or share swap or any other form and details of the same 8. Cost of acquisition and / or the price ~ ₹ 645 crores. at which the shares are acquired 9. Percentage of shareholding / Post the above, the Company’s shareholding in control acquired and / or number of Sproutlife has increased from ~ 47.50% to 100% of its shares acquired share capital. Sl. Particulars Disclosures 10. Brief background about the entity Sproutlife is engaged in the business of manufacturing acquired in terms of products / line and selling food products under the trademark of business acquired, date of ‘Yoga Bar’. Positioned as a digital first brand, Yoga Bar incorporation, history of last currently has high salience of on-line sales 3 years turnover, country in which (D2C, e-commerce platforms etc.) with growing the acquired entity has presence presence in offline stores. and any other significant information (in brief) Other details are as follows: Products / line of Manufacture and sale of business of the target food products entity Date of incorporation 13th February, 2015 Last 3 years’ turnover 2025-26 ₹ 452 crores (based on audited accounts) 2024-25 ₹ 200 crores 2023-24 ₹ 108 crores Country of operations India