Address delivered by the Chairman at the 115th AGM

23rd July, 2026 The Manager The General Manager Listing Department Dept. of Corporate Services National Stock Exchange of India Ltd. BSE Ltd., P. J. Towers Exchange Plaza, Plot No. C-1, G Block Dalal Street Bandra-Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 Dear Sirs, 115th Annual General Meeting of the Company - 23rd July, 2026 We enclose a copy of the address delivered by the Chairman at the 115th Annual General Meeting of the Company on the theme – ‘ITC: Partnering India in its Defining Decade’. 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 ANNUAL GENERAL MEETING ITC LIMITED JULY 23, 2026 ITC: Partnering India in its Defining Decade Address by Shri Sanjiv Puri Chairman & Managing Director, ITC Limited 115th Annual General Meeting ITC Limited July 23, 2026 ITC: Partnering India in its Defining Decade We meet today at a time of deep significance — for the world, for India, and for enterprises that aspire to create enduring value. The prolonged uncertainty arising from the West Asia crisis has severely impacted the global economy, threatening energy security and trade. Indeed, the multitude of events in the recent past only reinforce the fact that global volatility is no more sporadic; it is now systemic. Last year, in my address, I had described this as an era of TURN — a world constantly confronted by Turbulence, Uncertainty and Rapid change, calling for Novel strategies to reimagine our tomorrows. Today, that reality stands even more pronounced, as a deeper structural shift reshapes the future of nations, societies and enterprises. What makes this juncture a perfect storm of exceptional complexity and consequence is the confluence of multiple forces at scale. On the one hand, global progress is challenged by the catastrophic climate emergency, widening inequality and advances in disruptive technologies like AI. On the other hand, decades of hyper-globalisation have given way to fragmented multi- polarisation - creating a world that is still deeply connected, but less trusting; still trading yet marred by weaponisation of supply chains; still global, but increasingly nationalistic. These tectonic shifts are being felt across everyday lives — through volatile commodity prices, inflationary pressures, disruptions in trade and the rising vulnerability of food, energy and supply chains. It is said that crisis challenges the status quo like no other and spurs innovation to forge new pathways for growth, competitiveness and resilience. We stand today at such an inflection point with an unparalleled opportunity to make a meaningful difference to all our shared tomorrows. In this emerging global economic order, a nation’s sovereignty and progress will be shaped by its economic power, technological prowess, superior innovative capacity, talent and trusted coalitions. It gives us immense pride, therefore, that India’s resolute fortitude in accelerating the journey to a competitive, resilient and inclusive nation has earned it widespread trust, respect and admiration. India’s Ascent: A Beacon of Hope and Progress Against this backdrop, the Hon’ble Prime Minister’s powerful clarion call for an Aatmanirbhar and a Viksit Bharat assumes even greater significance. It has inspired multidimensional interventions enabling India to emerge as the fastest-growing major economy in the world. The far-reaching measures announced in successive Budgets have provided strong foundations to unleash growth. India’s ascent is not merely about outpacing other large economies. It has demonstrated that a nation of continental scale, democratic depth and extraordinary diversity can drive momentum with stability, pursue reform with inclusion, and convert aspiration into resilient growth. The India story is indeed an inspiring example of how the Government is creating an all- pervasive Bharat Capability Stack through exemplary foresight and foundational action to AGM Speech, July 23, 2026 Page 1 reinforce competitiveness for today, resilience for tomorrow and strategic readiness for the decades ahead. As India ascends on the global stage, Indian businesses must reimagine their strategies not only to navigate the TURN but also to seize the emerging opportunities. Role of Business: Responsible Competitiveness It is my deep conviction that businesses, as a crucial organ of society, serve a larger transformational purpose by contributing meaningfully to national competitiveness, sustainable and inclusive development. This philosophy is reflected in your Company’s ethos of Responsible Competitiveness, which has guided our thought, strategy and action over the years and inspires our commitment to be a national value multiplier. To my mind, businesses make a lasting contribution to the nation when they frame their growth agenda around three imperatives. First, as engines of national competitiveness, it is mission critical for Indian enterprises to be future-ready and globally competitive. This calls for trusted Indian brands that anchor domestic ecosystems and create value in the country; state-of-the-art national assets that support India’s ambition to become a global hub for manufacturing, services and exports; investments particularly in livelihood-intensive sectors such as agri-food, tourism & wood- based industries; a deeper focus on cutting-edge innovation and R&D as well as capabilities for AI-led transformation. The Hon’ble Prime Minister’s vision of Build More, Produce More and Export More raises our collective aspirations to even bolder heights to craft products and services of world-class quality and trust, that earn their rightful place in households and markets across the world. Taking this tenet further, the second imperative is for businesses to evolve as architects of national resilience and anti-fragility. While resilience sharpens the capacity to bounce back amidst adversity, anti-fragility goes beyond, to convert adversity into future opportunities. Strengthening resilience calls for locally anchored value chains, stronger MSME partnerships, diversified and trusted sourcing, import substitution, climate stewardship and robust digital adoption. However, the winners of tomorrow must also thrive amidst adversity, nurture new competencies, accelerate innovation and spur new engines of growth. Resilience is no longer the dividend of efficiency nor is anti-fragility a distant objective, they are the very foundation of our right to grow. When enterprises embed resilience and embrace anti-fragility, they fortify the nation’s foundation and position it to rise stronger with every adversity. Third, businesses must advance a paradigm of Compassionate Capitalism. Competitiveness gives enterprises the power to win, anti-fragility the right to win the future and purpose the legitimacy to win. Businesses exist to serve both an economic and social purpose. The enormous climate risks, livelihood challenges, inequality and regulations make it a crucial responsibility of businesses to embed sustainability and inclusion as an integral component of strategy. This belief lies at the core of your Company’s approach. A few years ago, your Company laid the foundations of the ITC Next strategy to drive scale, accelerated growth and profitability and make the enterprise even more future-ready. Guided by the Company’s credo of “Nation First, Sab Saath Badhein”, our north-star is to create AGM Speech, July 23, 2026 Page 2 growing value for all our stakeholders — by building national competitiveness [Showing first 8,000 characters — download PDF for full document]