Shareholders meeting

26th June, 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, Report and Accounts for the financial year ended 31st March, 2026 Further to our letter dated 21st May, 2026, we hereby enclose, in terms of Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), the Report and Accounts of the Company for the financial year ended 31st March, 2026 together with the Notice dated 21st May, 2026 convening the 115th Annual General Meeting of the Company on 23rd July, 2026. The Report and Accounts include the Business Responsibility and Sustainability Report of the Company for the financial year ended 31st March, 2026, pursuant to Regulation 34(2)(f) of the Listing Regulations. 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 REPORT AND ACCOUNTS 2026 Contents are hyper-linked to the relevant pages of the report Click 'ITC Limited' on the Header/Footer of each page to return to Contents Page Contents ITC: Building a Future-Forward Enterprise for a Viksit Bharat i-xxiv Board of Directors and Committees 01 Your Directors 02 Report on Corporate Governance (including Shareholder Information) Report of the Board of Directors & Management Discussion and Analysis CEO and CFO Compliance Certificate 129 Standalone Financial Statements Balance Sheet 130 Statement of Profit and Loss 131 Statement of Changes in Equity 132 Statement of Cash Flows 134 Notes to the Financial Statements 136 Independent Auditor’s Report 204 Guide to Subsidiaries, Joint Ventures & Associates 216 Salient Features of the Financial Statements of Subsidiaries, Joint Ventures & Associates (Form AOC-1) Consolidated Financial Statements 225 Ten Years at a Glance 320 Financial Highlights Business Responsibility and Sustainability Report I-LIV Creating Enduring Institutions Awards & Accolades ITC: Building a Future-Forward Enterprise for a Viksit Bharat ITC has always lived by its vision of creating larger value for all stakeholders while contributing meaningfully to national priorities. Guided by its credo Nation First: Sab Saath Badhein, the Company has built world-class Indian brands, strengthened domestic value chains, invested in advanced manufacturing, deepened farmer partnerships, and accelerated digital, AI-led and R&D-driven innovation. As India advances towards a Viksit Bharat, ITC continues to shape a future-ready enterprise anchored in competitiveness, sustainability, and inclusive growth. Its large-scale initiatives to conserve and replenish natural resources, together with impactful climate action and social programmes, are helping build a more resilient, inclusive, and future-ready India. Reinforcing this commitment, the Company has redefined its Mission, Vision and Values to inspire greater purpose-led action and an even deeper contribution to national progress. MISSION VISION VALUES To be India’s most trusted Our brands, products and Led by Trusteeship enterprise, creating solutions will lead with and Nation unparalleled customer industry-shaping innovations, Orientation, ITC is experiences through deliver best-in-class guided by a set of world-class brands and performance, powering ITC to Core Values in all businesses that champion make a transformative its endeavours. sustainable and inclusive contribution to the nation’s Scan the QR Code value chains. progress. to learn more. ITC’s Triple Bottom Line Contribution – Highlights Economic Environmental Social Gross Revenue – 51% of Energy consumed by ITC 200+ Partnership ecosystem, ₹ 80,867 cr is from Renewable Sources including PPPs EBITDA – ₹ 25,208 cr 17 Platinum Rated Green Buildings Over 12 lakh farmers covered under Climate Smart Among Top 3 Plastic Neutral for 5 years Agriculture private sector contributors Watershed Development: Over 23 lakh Children to the Exchequer Augmenting supply: benefitted through Support 38,500+ watershed structures to Education initiatives 12 Future-ready Businesses Optimising demand: Over 17 lakh covered by Covering over 20 lakh acres Maternal & Child Health and 30+ World-class Nutrition programmes Interventions at scale: Mother Brands Rejuvenating 5 major river sub-basins Nearly 20 lakh Rural 250+ Factories Afforestation: Over 14 lakh acres Healthcare engagements ITC has been Carbon Positive for 21 years, Water Positive for 24 years, and Solid Waste Recycling Positive for 19 years ITC's businesses and value chains support 90 lakh sustainable livelihoods ITC Group Spanning Agriculture, Manufacturing & Services FMCG Largest incubator of world-class Indian brands Reaching 28 crore households Over ₹ 37,000 cr consumer spends Aspiration to be India's No. 1 FMCG company Agri Business Paperboards and Packaging Century-old relationship with Indian farmers Market leader in high quality value-added Paperboards Nearly 40 lakh tonnes sourced from 20+ value chains Largest integrated paper plant at Bhadrachalam Powering NextGen Agriculture through ITCMAARS Exemplar in sustainability: greened over 14 lakh acres, Building resilience with Climate Smart Agriculture supporting 22 crore person days of employment Strengthening value-added Agri portfolio with A leading player in the global Packaging ecosystem best-in-class manufacturing assets Fresh Food Business ITC Hotels Limited Leverages ITC's enterprise strengths Iconic properties and globally in foods, hotels and digital acknowledged cuisines 4 brands, 70+ kitchens, 5 cities 150+ Hotels, 14,200+ Keys, 95+ Destinations High consumer love across brands and cities Trailblazer in 'Responsible Luxury' & Sustainability ITC Infotech Global technology solutions provider Deep domain knowledge and co-creating solutions for the future with tech majors Presence in over 35 countries ITC: Building a Future-Forward Enterprise for a Viksit Bharat ITC Next Strategy Future Tech Consumer Centric Climate Positive Inclusive The ITC Next strategy is shaping new frontiers of growth by creating future-ready pathways for each business to strengthen competitiveness, profitability, and resilience. Despite the challenging environment, it continues to unlock new growth vectors through enterprise synergies, digital acceleration, purposeful innovation, and strategic investments, while advancing ITC’s commitment to a climate-resilient and inclusive future. Enterprise levers strengthened by digital and sustainability are lending unique sources of competitiveness for future readiness. The following pages capture the key dimensions of this transformative strategy and its promise for the future. Pillars of ITC Next Strategy Multiple Drivers of Growth Innovation and R&D Supply Chain Existing Categories and New Vectors Agile, Purposeful, Science-based Platforms Agile, Resilient, Efficient Digital Sustainability 2.0 Cost Agility and Productivity Digital-first Culture, Smart Ecosystem, Responsible Competitiveness, Structural Interventions across Mainstreaming AI Bolder Ambition Value Chains Synergy of Enterprise Strengths Brand Building Agri Sourcing Manufacturing R&D Cuisine Packaging Distribution World-class Talent | Proneurial Spirit | High Performance Culture ITC’s FMCG Portfolio Strategy ITC’s strategy to rapidly scale up its FMCG Power Brands Fast Moving Consumer Goods (FMCG) Businesses is anchored in ‘Strengthening the Core’, ext [Showing first 8,000 characters — download PDF for full document]