ITC

1910
 
 - On 24th August the Company was incorporated as a Private
 Limited Company under the name, Imperial Tobacco Co. of India
 Ltd.  The Company manufacture and distribute cigarettes and
 smoking tobaccos and speciality papers including cigarette
 tissue papers (Sole manufacturer in the country).  Other
 activities include tobacco leaf processing, printing and
 packaging, hotels, food and exports.
 
 1953
 
 - The Company acquired the manufacturing business of Tobacco
 Manufacturers (India) Ltd., and the Complementary Lithographic
 printing business of Printers (India) Ltd.
 
 1954
 
 - The Company was converted into a Public Limited Company on
 27th October.
 
 1970
 
 - The name of the Company was changed from the Imperial Tobacco
 Co.  of India Ltd., to India Tobacco Co. Ltd., in May.
 
 - 5,00,000 Right shares issued to Indian shareholders (prem. Rs
 3 per shares).  32,90,000 No. of Equity Shares offered to the
 public (prem. Rs. 3 per share).
 
 1972
 
 - On October Company entered into hotel business.
 
 1973
 
 - Company received the approval of Govt. for setting up three
 processing plants.
  
 1974
 
 - On 1st April name again changed to I T C Ltd.
 
 - During this period an offer for sale of 28,04,775 equity
 shares at par was made to the Indian public by the three major
 non-resident shares holders viz., Tobacco manufactures (India)
 Ltd, Tobacco Investments Ltd., and Rothmans International Ltd.
 all of UK.
 
 1975
 
 - ITC Ltd Purchased the net asset in India of India Leaf Tobacco
 Development Co. Ltd. (UK).
 
 1976
 
 - During December some foreign shareholders offered a total of
 38,00,000 No. of equity shares of Rs 10 each at a premium of Rs
 5.00 for sale to reduce the foreign equity holding of the
 Company to 40%.  The shares offered were 10,95,774 shares by
 Tobacco Manufacturers (India) Ltd., 26,42,216 shares by Tobacco
 Investments Ltd., U.K., and 57,010 shares by Rothmans
 International Ltd., U.K.
 
 1978
 
 - 37,90,000 Bonus shares issued in prop. 1:5.
   
 1979
 
 - The name of the Company's chain of hotels was changed from
 Welcom Hotels to Welcomgroup.  The company entered into a
 Marketing Service and Reservations Agreement with the Sheration
 International Incorporated which was sactioned by Govt. on 27th
 January.
 
 1980
 
 - 45,48,000 Bonus shares issued in prop. 1:5.
 
 1983
 
 - A new Company under the name Gujarat Hotels was incorporated
 under a joint venture agreement signed between the Company and
 Gujarat Industrial Investment Corporation.  This Co. had set up
 a 144-room hotel at Vadodara known as Welcomegroup Vadodara. 
 
 - The Company is holding 24.9% of the subscribed equity capital
 of Rs 348 lakhs of Gujarat Hotels Ltd., as on 31.03.1993.
 
 1984
 
 - 29,38,050 shares allotted to bondholders in exchange of
 accrued interest on 1.7.1984.
 
 1985
 
 - 29,42,060 Shares allotted to bondholders in exchange of
 accrued interest.
 
 1986
 
 - The Company signed a joint venture agreement with MP Audyogik
 Vikas Nigam for setting up of four hotels over the next five
 years.
 
 - ITC Filtrona Ltd. a 50:50 joint venture Company promoted by
 the Company and Filtrona International Ltd. UK.  The Company
 manufactures high technology filters for the cigarette industry.
 
 1987
 
 - New brands viz., Wills Flake Premium Filter and Scissors
 Filter were introduced.  Long-term agreements were entered into
 with the unions of factories located at Calcutta, Saharanpur and
 Munger.  In Bangalore, however, working was affected by a strike
 for 114 days.
 
 - The Company acquired Nedovs Hotel, Srinagar on lease.  An
 agreement was concluded for building a new hotel in Jaipur and
 the hotel division added another 30 rooms in Mughal Sheraton,
 Agra, to cater to the growing demand.
 
 1988
 
 - In May the company formed a new division called Agribusiness
 Division for carrying out research and development on production
 and distribution of high yielding cultivars with emphasis on oil
 seeds, marketing of edible oils in bulk and consumer packs and
 export of agricultural produce.
 
 - A Memorandum of Understanding was signed with the authorities
 to open an Indian restaurant in Odessa, U.S.S.R.
 
 - The Company subscribed for 11,86,157 No. of equity shares of
 Rs 10 each for cash at par in the equity capital of PABL.
 
 - Different varities of oilseeds under the brand name of
 ADARSH and cooking oil under SUNDROP were launched.
 
 - New investments were made in water and bulk liquid packaging
 project.  The Company explored the possibility of setting up a
 new software development centre in India with ability to access
 Company's customers' computers abroad through data communication
 links.
 
 - A major part of the business of India Leaf Tobacco Development
 Co. Ltd., (U.K.) (ILTD) consisted of its operations in India
 where it operated as a sister concern of the Company.  ILTD was
 a pioneer in introducing Virginia tobacco to India and over the
 year, developed into a highly efficient enterprise, besides
 being a very large exporter of tobacco.  The Company purchases,
 with effect from 1st April, 1975, the net assets in India of
 ILTD whereupon it became a division of the Company.
 
 1989
 
 - During the year Company entered into a foreign collaboration
 agreement with Liqui Box Corporation of U.S.A. for manufacture
 of Plastic bags dispensing valves and filments, Industrial
 Machinery for use with packaging and filling system for
 manufacture at the company's industrial unit at Thiruvottiyur in
 Tamil Nadu.
 
 - 331,68,110 Bonus Equity shares issued in prop. 1:1.
 
 - The Company proposed to evaluate a methodology for extraction
 of tobacco protein and solenesol and also investigate on the
 feasibility of converting tobacco waste into reconstituted
 waste.
 
 - Due to political disturbances in Kashmir, the project work at
 hotel Nedovs in Srinagar was suspended.  The Bukhara restaurant
 was franchised to the Sheraton hotel in Hongkong also.
 
 1990
 
 - Refined mustard oil under the brand name REAL GOLD was
 introduced in the market.
 
 - On 1st April Tribeni Tissues Ltd was amalgamated with the Co.
 As per the terms of the merger, 5 equity shares of Rs.10 each of
 the company were issued at par without payment in cash for every
 six equity shares of Rs.10 each held in TTL.  Accordingly,
 105,95,070 No. of Equity shares were allotted to the
 shareholders of the erstwhile TTL.
 
 1991
 
 - The company entered into an agreement with MISR Import &
 Export Co. A.R.E Cairo, Egypt for the export of tea to Egypt on
 Commission at the rate of 3% payable in U.S. Dollars on the
 FOB/C&F value of each transaction.
 
 - Company proposed to enter and agreement with National Trading
 & Developing Establishment, Abu Dhabi for export of safety
 matches to UAE on commission at the rate of 3% on FOB value of
 each transaction.
 
 - Company proposed to enter and agreement with a firm under the
 name of Jalil Rastar, Tehran, Iran for export of tea to Iran on
 commission at the rate of 5% on the FOB/C&F value of each
 transaction.
 
 1992
 
 - Since January there was labour unrest at Tribeni Tissues paper
 mill which led to a lockout at the mill with effect from 27th
 May.
 
 - On 8th April, ITC Global Holdings Pte. Ltd was incorporated in
 Singapore a wholly owned trading subsidiary of the Company.
 
 - During the same period a wholly owned subsidiary ITC Infotech
 Ltd.  incorporated in UK with an authorised capital of US $ 2
 million and paid up capital of US  lakh.
 
 1993
 
 - The hybrid seeds business was being repositioned in the newly
 formed ITC Zere Co. Ltd., a joint venture paticipation with Zere
 Co. Plc of UK.
 
 - The Company successfully launched Hero brand Cigarettes.
 
 - During this period a finacial service division was formed.
 Companies Associated, ITC Classic Finance Ltd, proposed to enter
 a joint venture with Peregrine Group of Hong Kong through a new
 company, ITC Peregrine Capital Pvt. Ltd. to commence investment
 banking and brokerage services business.
 
 - In October the Company issued 45,00,000 Global Depository
 Receipts representing 45,00,000 ordinary shares.  Three offered
 GDRs were to be issued with one warrent to subscribe for one
 warrant GDR upon payment of US $ 15.30.
 
 - Two new brands viz., `Classic Milds' and `Hero' were launched
 at the premium and small-length ends respectively.
 
 1994
 
 - Company propose to sell various edible oil brands to ITC Agro
 Tech Ltd. for a consideration of Rs.25 crores.
 
 - On 21st February Tiruvottiyur establishment resumed following
 a tripartie settlement.
 
 - 121,318,177 bonus equity shares issued in propn. 1:1, 2,85,550
 No. of equity shares issued on conversion of 1,85,450 warrants.
 
 - Company introduced scissors standard.
 
 - ITC classic finance entered into arrangemnt for launching
 mutual funds ITC Classic Finance had set up a Company to enable
 operation in real estate and also a home finance Co. to provide
 finance to a range of buyers in the Commercial/Home Property
 markets.
 
 1995
 
 - Company introduced capstan Menthol filter, capstan standard
 and Bristo standared and re-designed Gold Flake Kings and
 Berkley Filter.  Further, Gold Flake Lights in Kingsize was
 introduced into test markets.
 
 - The consideration of the edible oil business could not be
 completed due to adverse business conditions experienced by the
 ITC Agro-Tech Ltd.
 
 - During the year a new company ITC Classic Threadneedls AMC, a
 joint venture between ITC Classic Finance Ltd. and Threadneedle
 Asset Management was formed to launch a series of Mutual Funds.
 
 - 25,78,150 No. of Equity shares allotted on exercise of
 12,89,075 warrants on payment of U.S. .30 per warrant.
 
 1996
 
 - Company purchased Mantralayam undertaking for a consideration
 of Rs.115.80 crores aganst settlement of all dues.  The plant
 has since been licensed back to ITC Agro-tech for five years.
 
 - The Company has launched `Classic Ultra Milds' and `Wills
 Natural Lights' brands during the year.
 
 1997
 
 - ITC Classic Finance Ltd. was amalgamated with ICICI Ltd.
 
 - ConAgra Inc. U.S.A., invested in ITC Agro-Tech Limited by way
 of preferential allotment of over 51% equity, through its
 Mauritius based subsidiary, CAG-TECH Limited.
 
 - Having taken an in-principle decision to acquire the
 businesses, the ITC board has set up an internal committee to go
 into the nitty-gritty of the real estate business in CIDL.
 
 - City based Indian Tobacco Company workers will go on a
 day-long strike on December 26, in protest against the
 management's move to retrench 416 workmen from its cigarette
 manufacturing unit.
 
 1998
 
 - ITC Ltd has signed an agreement with National Securities
 Depository Ltd (NSDL) to get its securities admitted for
 dematerialisation.
 
 - ITC Ltd is one of the most liquid scrips in the capital
 market.  With domestic institutions having a considerable stake
 in this counter, this move is likely to improve liquidity in
 demat trading.
 
 - ITC Ltd has undertaken a comprehensive exercise to restructure
 all its wholly-owned subsidiaries to align them with the four
 thrust areas viz., tobacco, hotels, paper and paperboards and
 printing and packaging.
 
 - ITC has nearly 105 subsidiaries, which are involved in various
 kinds of operations.
 
 1999
 
 - Tobacco gaint ITC has raised its stake in paper and
 paperboards subsidiary, ITC Bhadrachalam Paperboards, from 37%
 to 51% through a preferential allotment of equity shares.  This
 follow the allotment, by the board of ITC Bhadrachalam
 Paperboards, of 1,91,20,000 No. of equity shares of Rs. 10 each
 for cash, at an issue price of Rs. 65 per share and 11%
 redeemable cumulative-preference shares of the face value of Rs
 100 each, for cash, at par to promoter company ITC.
 
 - ITC will set up a new tobacco processing department (TPD)
 because the increased production will make it economical to
 process tobacco on site.
 
 - The Anaparti factory of ITC Ltd -- ILTD division, received the
 Rajiv Gandhi National Quality award for 1995.
 
 - Mr. K.S. Rao, Chief Executive of the ILTD division of ITC,
 received the award from the Union Minister for Chemical,
 Fertilisers, Food and Consumer Affairs, Mr. Surjit Singh
 Barnala, at Vigyan Bhavan.
 
 2000
 
 - ITC Infotech Ltd, the UK-based, wholly-owned subsidiary of the
 Company, and Compaq Computer (I) Pvt. Ltd. signed an MoU aimed
 at exploring business opportunities for deploying e-enabled
 solutions.
 
 - The Company has launched a project e-Choupal in Bhopal to
 Web-enable farmers to make a beginning in agricultural e-trade.
 
 - ITC Ltd its entry into retailing business by launching branded
 leisurewear apparels as part of its diversification strategy
 into new areas.
 
 - The Company is hiving off its Infotech services businesses in
 India, the US and UK and merging them into a separate
 wholly-owned subsidiary.
 
 - The IT division has entered into agreements with Compaq and
 expand the IT business.
 
 - The company set up the Lifestyle Retailing Business Division.
 A strategic Business Unit for the greeting cards business was
 set up under the Packaging and Printing Division.
 
 - ITC has launched Wills Sport, a full range of internationally
 styled premium wear for men and women.
 
 - ITC Infotech Ltd., the recently-launched it subsidiary of ITC
 Ltd., has become one of the select software organisations in the
 world to achieve the distinction of being certified at Level-5
 on the prestigious Capability Maturity Model.
 
 - Tobacco Company ITC launched a website, billed as `one stop
 terminus' for international customers of agricultural
 commodities.  The website, ww.itcibd.com, will provide
 information on trading of key commodities.
 
 - The Company have set up units in the north-eastern States to
 avail of special incentives relating to Central excise duties.
 
 - On 21th August, ITC Infotech India Limited became a wholly
 owned subsidiary of the company.  Ansal Hotels Limited became a
 subsidiary of ITC Hotels Limited effective from 12th July.
 
 - The Board of the company has recommended an employee stock
 option scheme.
 
 - ITC Ltd. has proposed an Employee Stock Option Plan where
 ordinary shares up to 5 per cent of the issued and subscribed
 capital will be issued to employees.
 
 - Having carved a niche for itself by launching the first
 branded lifestyle apparel, Wills Sport, in Delhi in July 2000,
 the Lifestyle Retailing Business Division of ITC Limited has now
 big plans up its sleeve.
 
 - ITC Ltd, the Rs 8,816 crore cigarette and hotels company, has
 decided to merge its subsidiary, the Rs 623 crore ITC
 Bhadrachalam Paperboards Ltd, with itself.
 
 2002
 
 - ITC Ltd has informed that the Board of Directors, appointed
 Mr. J.B. Stevens as an Additional Non-Executive Director of the
 Company and the Board accepted the resignation of Mr. A.A. R.
 Rodrigures.
 
 2002
 
 - ITC Ltd has informed BSE that a large number of workmen have
 resumed work at the company's printing factory at Tiruvottiyur
 Chenna.
 
 - ITC Ltd, which has acquired a shade over 14 per cent in EIH Ltd,
 which owns the Oberoi chain of hotels.
 
 -ITC Ltd. has informed the Exchange that the Company  on May 06, 2002
 has allotted 20,96,982 Ordinary Shares of Rs 10/- each in the ratio of
 1share of the company for every 16 fully paid up Equity Shares of Rs
 10- each held in ITC Bhadrachalam Paperboards Ltd to the members of
 the ITC Bhadrachalam, in terms of the Scheme of Amalgamation of ITC
 Bhadrachalam with the company.
 
 - ITC, Tobacco major, has launched Aashirvaad atta making its foray
 into Indian atta market.
 
 - ITC's greetings cards business and Maple Leaf have entered into
 Joint Venture where Maple Leaf will exclusively manufacture pop-up
 cards for ITC.
 
 - ITC Foods ands ITC Ltd, is finally foraying its way to the Rs 1,100
 crore confectionery market. The foods division which has shifted
 office from Kolkata to Bangalore this month, has introduced its first
 confectionery product, acquired brand Minto in four cities.
 
 -ITC Greeting Cards Business (ITC-GCB), has forayed into stationery
 products segment with the launch of Expressions PaperKraft.
 
 -ITC Limited has taken over Wills brand. ITC had to acquire the Wills
 brand in the US, before it takes Wills merchandise to America.
 
 -ITC Ltd. has informed the Exchange that the company has acquired
 further 56,000 ordinary shares of Nepalese Rupees 100/- each of Surya
 Nepal Pvt. Ltd. (Surya Nepal), earlier known as Surya Tobacco Company
 (P) Ltd, a company incorporated under the laws of Nepal.
 
 -ITC Ltd has informed BSE that Industrial Development Bank of India
 ('IDBI') has appointed Mr T M Nagarajan, Deputy Managing Director 
 IDBI, on the Board of Directors of the Company w e f August 14, 2002,
 as Nominee Director representing IDBI, in place of Mr R Vasudevan.
 
 -ITC Board approves integration of Bhadrachalam Paperboards Division
 and Tribeni Tissues Division.
 
 - ITC Ltd International Business Division (ITC-IBD) has introduced an
 online auction platform called Tradersnet along with its web-based
 initiative Planternet.
 
 -ITC, now moves towards match business, it has diversified into the
 match business to earn more revenues from non-tobacco businesses.
 
 2003
 
 -ITC Ltd has informed to BSE that company's Spriha brand of natural
 incense sticks (Agarbathis) manufactured by Cottage Industries, a
 unit of the Sri Aurobindo Udyog Trust in Pondicherry was launched on
 February 21, 2003.
 
 -ITC on April 04, introduced salt in the staple segment, as part of
 its efforts to clock a Rs 500 crore sales in five years. Salt is the
 second offering from ITC Foods' staple business in the past 10
 months, under the brand name of 'Aashirvaad'.
 
 -ITC group company, International Travel House (ITH), has divested 49
 per cent equity in LeasePlan India to the Netherlands-based LeasePlan
 Corporation (formerly ABN AMRO Lease Holding NV), making it a
 wholly-owned subsidiary of the foreign company.
 
 -ITC Ltd has set up a Rs 227 crore modernised pulp mill at its
 Bhadrachalam works aiming to become the first producer of ECF PSP in
 the country.  
 
 -ITC bags Golden Peacock award for cleaner tech
 
 -ITC has forayed into alliance with several state governments to take
 up afforestation programmes and in lieu get land from which it can
 source wood-based feedstock for its paperboard business.
 
 -ITC Ltd has informed  that the Board of Directors of the Company at
 its meeting held on July 25, 2003 have noted the resignation of Mr T
 M Nagarajan, Nominee Director of Industrial Development Bank of
 India.
 
 - Indian Institute of Management Calcutta (IIMC) has joined with ITC
 Ltd. to unveil annual business competition -Ideas to Imprementation
 (i2I).
 
 -NCDEX allies with ITC Ltd for data sharing.
 
 -Company issued & allotted 27792 Ordinary Shares of Rs 10 each, upon
 exercise of 27792 options by eligible employees under the ITC
 Employee Stock Option Scheme.
 
 Consequently the issued & subscribed share capital of the company
 stands increased to Rs 247,54,85,090 divided into 24,75,48,509
 ordinary shares of Rs 10/- each.
 
 -Bags Seagate Intelligent Enterprise of the Year award for the most
 innovative use of information technology
 
 -Commences commercial production of paper using the
 environment-friendly ECF (elemental chlorine-free) technology at its
 Bhadrachalam unit in Andhra Pradesh
 
 -Food wing of ITC eyes on 4 pc market share in biscuit market
 
 -The government has not taken up the Supreme Court's suggestion to
 arrive at a compromise formula with tobacco major ITC for settling
 the long-drawn-out excise dispute on the ground that it was not clear
 about the legal provisions under which it could do so.
 
 -ITC unveils new brand of agarbattis
 
 2004
 
 -ITC's Wills Lifestyle unveiled its fall/winter collection here on
 Jan 6.  The collection, featuring Wills Classic formal wear, Wills
 Sport relaxed wear, Wills Clublife evening wear, and fashion
 accessories from Furla and Valentino from Italy, is available at
 ITC's Wills Lifestyle store near Nagarjuna Circle.
 
 -ITC signs memorandum of understanding (MoU) with Andhra Pradesh
 government for wasteland development
 
 -ITC win Rs 5.80 cr grant from British challenge fund
 
 -Acquires paperboards business of M/s Bilt Industrial Packaging
 Company Ltd including its 65,000 MT per annum manufacturing facility
 at Thekkampatty Village, Coimbatore District, Tamil Nadu.
 
 -ITC Food launches a range of 'cooking pastes' under its ready-to-eat
 gourmet cuisine brand Kitchens of India and readymeal Aashirwad brand
 
 -Completes the process of acquiring the paperboard manufacturing
 facility of BILT Industrial Packaging Co Ltd. (Bipco) near Coimbatore
 in Tamil Nadu. The facility, renamed 'unit Kovai', will operate as
 part of the paperboards and specialty papers division of ITC, which
 has a unit at Bhadrachalam in Andhra Pradesh.
 
 -ITC unveils Sunfeast biscuits in Chennai
 
 - ITC ties up with Israeli firm for e-choupals
 
 - Crisil gives 'AAA(SO)' to PTCs of ITC
 
 -ITC Ltd's Internet-based rural project, `e-Choupal', has won the
 inaugural `World Business Award' instituted in support of the United
 Nation's Millennium Development Goals
 
 -The International Business Division (IBD) of ITC has bagged the
 Enterprise Business Transformation Award for its unique web-based
 initiative called eChoupal. The award was announced in Shanghai as
 part of the Wharton Infosys Business Transformation Awards (WIBTA),
 for Asia Pacific.
 
 -The international business division of ITC forays into trading of
 organic farm products segment
 
 - Web based e-choupal programme of ITC bags inaugral 'World Business
 Award at International World Congress on June 8, 2004.
 
 -ITC introduces new special incense gift packs in Bangalore
 
 
 2005
 
 
 - ITC Ltd becomes one of the very few companies in India to obtain
 the coveted Quality Management System certification ISO 9001:2000 for
 investor servicing.
 
 - ITC Ltd wins 'Golden Peacock Global Award for Corporate Social
 Responsibility (CSR) in Emerging Economies for 2005'.
 
 -  ITC Ltd signs an MoU with Tripura Government for a bamboo
 development programme.
 
 -ITC unveils new `5-in-1' agarbattis
 
 -ITC unveils `Expressions Regalia'
 
 -ITC e-Choupal gets Development Gateway Award
 
 -ITC unveils Candyman Cofitino
 
 2006
 
 -ITC forges alliance with Tilda for DNA-tested basmati
 
 -ITC ties-up with Marubeni for food biz
 
 2007
 
 - Itc Ltd. has informed that the Board of Directors of the Company at
 the meeting held on July 27, 2007, appointed : 
 (i) Mr. A. Baijal, IAS (Retd.), as an Additional Director of the
 Company, representating the Specified Undertaking of the Unit Trust
 of India (SUUTI), 
 
 (ii) Mr. D. K. Mehrotra, Managing Director - Life Insurance
 Corporation of India (LIC) as an Additional Director of the Company,
 representing LIC, 
 
 (iii) Dr. R. K. Kaul, General Manager - National Insurance Company
 Limited, as an Additional Director of the Company, representing
 General Insurers' (Public Sector) Association of India, 
 
 (iv) Mr. P. B. Ramanujam, as an Additional Non-Executive Independent
 Director of the Company, and 
 
 (v) Mr. S. B. Mathur, as an Additional Non-Executive Independent
 Director of the Company.
 
 - ITC acquires Australian agri-biotech co.