ITC: Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Further to our letter dated 10th August, 2018, we enclose, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, a copy of the Postal Ballot Notice dated 10th August, 2018 together with the Explanatory Statement thereto, seeking approval of the Members to the following:

(a) granting, offering and issuing Equity Settled Stock Appreciation Rights under an Employee Stock Appreciation Rights Scheme, and

(b) variation in the terms of remuneration payable to the Managing Director and the other Wholetime Directors of the Company consequent to (a) above.

A specimen Postal Ballot Form is also enclosed.