Pursuant to the Scheme of Arrangement amongst ITC Limited (‘ITC’) and ITC Hotels Limited (‘ITCHL’) and their respective shareholders and creditors (‘Scheme’) sanctioned by the Hon’ble National Company Law Tribunal, Kolkata Bench, shareholders holding ordinary shares of ITC as on the Record Date, i.e., 6^th January, 2025, were allotted equity shares of ITCHL in accordance with the share entitlement ratio stated in the Scheme, i.e., for every 10 ordinary shares of ₹ 1/- each held in ITC, 1 equity share of ₹ 1/- of ITCHL.

In terms of the Scheme, the fractional entitlements of the eligible shareholders of ITC were consolidated, and the equity shares of ITCHL were allotted in lieu of the said fractional entitlements; these equity shares were sold in the open market through stock exchanges. The net proceeds of the shares were thereafter distributed to the eligible shareholders of ITC, after deductions of applicable taxes and expenses, in proportion to their respective fractional entitlements.  Details of the same may be accessed at Click here.

In case of any request / query / grievance, the Shareholders may contact Registrar and Transfer Agent at Click here.

The Members, whose shares / dividend are transferred to IEPF, may claim their share(s) and / or seek refund of their dividend(s) from the IEPF Authority as per the procedure prescribed under the IEPF Rules by submitting an online application in Form IEPF-5. The said Form IEPF-5 along with the procedure to claim refund is available by clicking here .

Further, the claimants may access the Frequently Asked Questions (FAQs) related to the process by accessing the same here.

Mr. Diwaker Dinesh, Company Secretary is the Nodal Officer of the Company under the IEPF Rules. The said Official of the Company may be contacted at the e-mail ID investorservices@itchotels.com for any query or assistance in this regard.