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As on March 31, 2005, ITC’s Authorised Share Capital was Rs.300 crores, with
30,00,00,000 Ordinary Shares of Rs.10 each. The Issued & Subscribed Capital was
Rs.248,22,13,290 with 24,82,21,329 Ordinary Shares of Rs.10 each.
ITC’s shares are listed on three Stock Exchanges in India - National Stock
Exchange of India Limited (NSE), Bombay Stock Exchange Limited (BSE) and The Calcutta
Stock Exchange Association Limited (CSE).
Pursuant to an offer of Global Depository Receipts (GDRs) made by the Company in 1993,
73,90,034 GDRs, representing 73,90,034 underlying Shares of the Company (2.98% of the
issued and subscribed Share Capital), were outstanding as on March 31, 2005.
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The Company’s GDRs are listed on the
Luxembourg Stock Exchange. Pursuant to the approval of the Members of the Company,
effective September 28, 2005, the Ordinary Shares of the Company were sub-divided into
Ordinary Shares of Re.1 each and the Authorised Share Capital was increased to Rs.500
crores, with 500,00,00,000 Ordinary Shares of Re.1 each. 125,17,12,290 Ordinary Shares
were issued and allotted as fully paid-up Bonus Shares on October 5, 2005. The Issued and
Subscribed Capital of the Company accordingly stands increased to Rs.375,51,36,870 with
375,51,36,870 Ordinary Shares of Re.1 each.
The following table sets out the composition of the Company’s shareholders as
shown in its Register of Members as on March 31, 2005: |
As a large corporation, with a diverse business portfolio and units spread over 60
locations, ITC has a large number of stakeholders - the Government and its statutory
bodies, shareholders, customers, employees, suppliers, contractors, local communities, and
the society at large - who are affected by the Company’s operations.
ITC and all its units consistently strive to anticipate emerging stakeholder
expectations. The Company’s various businesses have evolved and institutionalised
structured systems to formally review and update their understanding of stakeholder
expectations. |
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ITC is committed to the timely disclosure of relevant and reliable information on its
financial performance, its entire gamut of activities relating to Environment,
(Occupational) Health and Safety (EHS), and its social initiatives. ITC believes that the
disclosure of all appropriate and useful information with regard to Company activities
that can have an impact on stakeholders is at the heart of good governance. Following
is a summary of ITC’s different key stakeholders, the Company’s mode of
engagement with them, their key concerns regarding sustainability, and the initiatives
undertaken by the Company, whether statutory or otherwise, to positively affect the
various sections of stakeholders: |
