ITC AGM 2026: FY26 dividend vote, key dates

ITC Ltd has a busy week ahead, with shareholders set to vote on the company’s recommended FY26 final dividend at its 115th Annual General Meeting (AGM) on July 23, 2026. The dividend decision comes as investors also prepare for ITC’s June-quarter results, which will be considered by the board on July 31.

Alongside the dividend vote, the market is watching a widening gap between FY26 revenue growth and profit-related metrics such as EBITDA growth, which the company has linked to the GST-plus-excise cigarette tax structure that became effective in February 2026.

115th AGM on July 23 via video conferencing

ITC’s 115th AGM has been convened for Thursday, July 23, 2026, and will be conducted through video conferencing or other audio-visual means. The company said the Notice of the AGM and the Report and Accounts 2026 were sent electronically to members who have registered their email addresses with the company or the depositories.

ITC also said it will provide physical copies of the AGM notice and the report and accounts upon request. The meeting is expected to keep attention on shareholder resolutions, including the proposed dividend and other standard AGM items.

Dividend on the agenda: Rs 8 final takes FY26 total to Rs 14.50

The board, at its meeting held on May 21, 2026, recommended a final dividend of Rs 8 per ordinary share of Re 1 each for the financial year ended March 31, 2026. This final dividend is subject to declaration by members at the AGM.

If shareholders approve it, the Rs 8 final dividend, together with the interim dividend of Rs 6.50 per share declared on January 29, 2026 (paid on February 27, 2026), takes ITC’s total FY26 dividend to Rs 14.50 per share.

The company has indicated that the final dividend, if declared, will be paid between July 24 and July 29, 2026.

Record date, cut-off date, and e-voting window

ITC fixed Wednesday, May 27, 2026 as the record date for determining entitlement for the final dividend. Separately, for AGM voting eligibility, only members whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of Thursday, July 16, 2026 are entitled to vote.

Remote e-voting is scheduled to commence at 9:00 a.m. IST on Sunday, July 19, 2026, and conclude at 5:00 p.m. IST on Wednesday, July 22, 2026. ITC also noted that members who vote remotely may attend the AGM but cannot vote again.

Key dates investors are tracking

FY26 performance: revenue up 10.1%, EBITDA growth slower

For FY 2025-26, ITC reported standalone gross revenue of Rs 80,867.49 crore, up 10.1% from Rs 73,466.61 crore in the previous year. The company also reported Profit After Tax (PAT) for the year at Rs 20,286.42 crore.

On operating profitability, ITC’s FY26 EBITDA stood at Rs 25,208 crore, and the company highlighted that EBITDA grew slower than revenue. The FY26 standalone gross revenue rose 10.1%, while EBITDA grew 4.9%, pointing to margin pressure during the year.

ITC has tied this gap to the new GST-plus-excise cigarette tax structure that became effective in February 2026.

Why the margin discussion matters this quarter

The June-quarter (Q1 FY27) print is under close watch because it will be among the earliest quarterly updates after the February 2026 tax-structure change referenced by the company. Investors are likely to look for disclosures that help reconcile revenue momentum with profit-related growth.

Separately, a report cited in the provided context said ITC is planning to raise prices of its cigarette packs by 8% to 10%, as reported by ET Now. Any follow-through, where disclosed by the company, could also influence how investors interpret volume, pricing, and tax pass-through dynamics.

Share price context: below the 52-week high

ITC shares closed at Rs 279.35 on July 16. This is more than 34% below the 52-week high of Rs 427, based on the figures provided.

With the AGM and the June-quarter board meeting close together, the stock’s recent trading levels add context to why near-term corporate actions, dividend confirmation, and quarterly reporting are being watched closely.

July 31 board meeting: Q1 FY27 results and segment details

In an exchange filing, ITC said a meeting of its board of directors will be convened on July 31 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

The board will also consider segment-wise revenue, results, assets, and liabilities for the quarter, according to the filing. This is a key datapoint for a diversified conglomerate such as ITC, where investors often track performance across multiple business segments.

“ITC Next” strategy also in focus at the AGM

The context also noted that the company’s “ITC Next” strategy across businesses is expected to be in focus at the AGM. This includes its FMCG portfolio strategy aimed at strengthening core brands and scaling adjacent categories.

While AGM meetings typically focus on shareholder approvals, the strategy discussion can still shape investor expectations about capital allocation priorities, category expansion plans, and how the company positions its consumer businesses.

Dividend claims and investor support channels

ITC said members who have not claimed the dividend may lodge their claim by writing to the Investor Service Centre (ISC), ITC Limited, 37 Jawaharlal Nehru Road, Kolkata 700 071, or by sending an email to isc@itc.in on or before August 11, 2026.

The company also identified Mr. Tunal Kumar Ghosal, Deputy Secretary, as the Head of ISC and the Compliance Officer under the SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 2025. The contact information provided includes 033-2288 9371 (Extn 3520) and tunal.ghosal@itc.in.

Snapshot: FY26 numbers and shareholder payout

Conclusion

ITC’s July 23 AGM sets up a key shareholder vote on the proposed Rs 8 final dividend, which would take FY26 total payout to Rs 14.50 per share, with payment planned between July 24 and July 29 if approved. Attention then shifts quickly to July 31, when the board will consider the June-quarter results and segment-wise disclosures, as investors assess the impact of the February 2026 GST-plus-excise cigarette tax structure on profitability trends.