ITC Limited at its Annual General Meeting held on August 11, 2023, approved appointment of Ms. Alka Marezban Bharucha as a Director and also as an Independent Director of the Company for a period of five years with effect from August 12, 2023 and appointment of Mr. Hemant Malik as a Director, liable to retire by rotation, and also as a Wholetime Director of the Company for a period of three years with effect from August 12, 2023, and approval for his remuneration. Ms. Alka Marezban Bharucha (66) is a Senior Partner at Messrs. Bharucha & Partners, Advocates & Solicitors, Mumbai.

She completed her B.A. (Hons.) and L.L.B. from the University of Bombay and Masters in Law from the University of London. She is a Solicitor with the High Court of Mumbai and Supreme Court of England and Wales, and also an Advocate on Record with the Supreme Court of India. Ms. Bharucha began her career with Mulla & Mulla and Craigie Blunt & Caroe and joined Amarchand & Mangaldas as Partner in 1992.

In 2008, she co-founded Bharucha & Partners, which has been ranked by RSG Consulting, London, amongst the top law firms in India. Ms. Bharucha, having more than 30 years of experience, has been ranked by Chambers Global, Legal 500 and Who's Who Legal amongst India's leading lawyers. She chairs the Transactions Practice at Bharucha & Partners.

Her core areas of legal expertise include mergers & acquisitions, joint ventures, private equity, and banking & finance. Mr. Hemant Malik (57) is a Member of the Corporate Management Committee and the Divisional Chief Executive of the Foods Business Division of ITC Limited. He completed his B.A. from Delhi University and M.B.A. from the Indian Institute of Management, Calcutta.

He joined ITC in 1989 and has more than 33 years of experience. Prior to becoming the Divisional Chief Executive of the Foods Business Division in October 2016, Mr. Malik headed the Trade Marketing & Distribution (`TM&D') Vertical. He has worked across multiple businesses including Tobacco, Lifestyle Retailing and Packaged Foods.

He headed the all India Tobacco Sales function in 2001, where he contributed meaningfully to the development of the FMCG Sales Network. He assumed charge as Head of Marketing of the Foods Business in 2002. He became the Chief Operating Officer (`COO') of TM&D in 2008, where he was mandated to set up the new FMCG distribution highway.

Taking over as the COO of Cigarette Brands and Supply Chain, India Tobacco Division (`ITD'), in 2012, he was elevated as the Divisional Chief Executive of ITD in 2015. He is the Chairman of the Food Processing Committee of FICCI and was a Member of the CII FMCG Committee.