ITC Limited has announced a board meeting, where the company approved the financial results for the quarter and nine months ended December 31, 2024. Both standalone and consolidated results, along with segment-wise revenue, results, assets, and liabilities, were reviewed, and the Limited Review Reports from statutory auditors were acknowledged.
An interim dividend of ₹6.50 per ordinary share has been declared for the financial year ending March 31, 2025, with payment scheduled between March 6 and March 8, 2025. The record date for determining entitlement to this dividend is set for February 12, 2025.
Additionally, the board proposed a limit of 2% of the issued and subscribed share capital for a new Employee Stock Appreciation Rights Scheme, subject to member approval. This decision reflects ongoing commitment to employee engagement and compensation strategies. Investors may view these actions positively, aligning with the company’s stable growth trajectory.