ITC Limited has confirmed the appointment of Mr. Navin Agarwal as a Non-Executive Director for a term of three years, effective from April 1, 2026. This appointment follows approval via postal ballot by the members. Mr. Agarwal currently serves in high-level roles within the Ministry of Finance and represents the Specified Undertaking of the Unit Trust of India (SUUTI). His detailed profile and credentials have been disclosed to the exchanges.
Confirmation of Board Appointment
Following prior advisories issued on January 29, 2026, and February 12, 2026, ITC Limited confirms that its Members have approved the appointment of Mr. Navin Agarwal (DIN: 10684167) as a Director of the Company. The appointment was finalized through a postal ballot involving e-voting.
Details of Tenure and Role
Mr. Agarwal will join the Board as a Non-Executive Director, subject to retirement by rotation. His term is set for a period of three years, commencing on April 1, 2026. This position is being taken up while representing the interests of the Specified Undertaking of the Unit Trust of India (SUUTI).
Profile Summary of Mr. Navin Agarwal
Mr. Agarwal is 55 years old and brings extensive experience in public finance and governance. Academically, he holds a Bachelors in Economics from Delhi University, a Masters in Climate Change, Management & Finance from Imperial Business School (London), and an MPA in Finance and Fiscal Policy from Cornell University, USA.
Current Public Sector Commitments
Currently, Mr. Agarwal serves as the Joint Secretary in the Department of Investment and Public Asset Management, Ministry of Finance, Government of India. His responsibilities include disinvestment and capital management of Central Public Sector Enterprises. Furthermore, he holds roles as the Administrator and a Member of the Body of Persons of SUUTI.
His professional history includes joining the Indian Railway Personnel Service in 1997 and possessing nearly three decades of experience across capital markets, public finance, and multilateral institutions. He previously served as a Director in the Department of Economic Affairs and as an Executive Director on the Railway Board. Presently, he also holds a Director position at the National Land Monetization Corporation Limited.
Declarations
The Company confirms that, to the best of its knowledge, Mr. Agarwal has not been debarred from holding any directorial office by SEBI or any other authority. Furthermore, there are no disclosed relationships between Mr. Agarwal and other existing Directors of ITC Limited.
Source: BSE
