ITC - Outcome Of AGM

ITC Ltd has informed that that the members at the 96th Annual General Meeting (AGM) of the Company held on July 27, 2007, inter alia, have accorded to the following:

1. Adoption of the Balance Sheet of the Company as at March 31, 2007, the Profit and Loss Account of the Company for the financial year ended March 31, 2007, together with the Schedules and Notes as annexed thereto, the Report of the Directors & Management Discussion and Analysis attached thereto, and the Auditors Report to the Members.

2. Declaration of dividend at the rate of Rs 3.10 per Ordinary Share to be rounded off by such sum as may be required, on fully paid Ordinary Share of Re 1/- each, out of the net profits of the Company for the financial year ended March 31, 2007.

3. Re-appointment of Mr. Pillappakkam Bahukutumbi Ramanujum, Mr. Charles Richard Green, Mr. John Patrick Daly & Mr. Krishnamoorthy Vaidyanath, as Directors of the Company.

4. Appointment of Messrs. A F Ferguson & Co., Chartered Accountants, as the Auditors of the Company to hold such office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms and conditions.

5. Modification in the terms of remuneration paid or payable to the Wholetime Directors of the Company with effect from October 01, 2006.

6. Appointment of Mr. Serajul Haq Khan as a Director of the Company for a period of five years, liable to retire by rotation.

7. Re-appointment of Mr. Pillappakkam Bahukutumbi Ramanujam as Director of the Company for a period of five years with effect from July 30, 2007, liable to retire by rotation.

8. Re-appointment of Mr. Charles Richard Green as Director of the Company for a period from July 30, 2007 to March 31, 2008, liable to retire by rotation.