ITC Limited — Others, 16-12-2024: ESOP/ESOS/ESPS

ITC Limited has announced a board meeting regarding the issuance of 8,98,540 Ordinary Shares following the exercise of 89,854 Options under its Employee Stock Option Schemes. This allotment has increased the Company's Issued and Subscribed Share Capital to ₹ 1251.17 crore, divided into 1251.17 crore Ordinary Shares. This action could enhance employee retention and align their interests with the company's performance, which may lead to a more motivated workforce. For investors, this development signals a positive outlook as it reinforces commitment to talent management but could slightly dilute existing shareholder equity.