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ITC Limited has announced a board meeting where key financial updates were approved. The company reported its financial results for the quarter and nine months ended 31st December 2024, revealing both standalone and consolidated results along with segment-wise revenue, assets, and liabilities. The Limited Review Reports from statutory auditors were also acknowledged.
Additionally, an interim dividend of ₹6.50 per ordinary share has been declared for the financial year ending 31st March 2025, with payment scheduled between 6th March 2025 and 8th March 2025. The record date for the dividend is set for 12th February 2025. Lastly, the board has recommended a limit of 2% of the issued and subscribed share capital for a new Employee Stock Appreciation Rights Scheme, subject to shareholder approval. This could create a positive outlook for employee motivation and retention.