ITC Limited Approves Re-appointment of Hemant Bhargava as Independent Director for Five Years
Members of ITC Limited approved the re-appointment of Mr. Hemant Bhargava as a Director and also as an Independent Director for a period of five years. The decision was ratified at the company's 115th Annual General Meeting held on July 23, 2026.Mr. Bhargava will serve in this capacity starting from December 20, 2026.
As of his appointment, Mr. Hemant Bhargava is a 67-year-old Independent Director who has been associated with the company since December 20, 2021.
Background and Profile
Mr. Bhargava holds a Post Graduate Degree in Economics from Lucknow University and possesses a Masters in Financial Management from Jamnalal Bajaj Institute of Management Studies. He began his professional career in 1981 with the Life Insurance Corporation of India (LIC) as its youngest Direct Recruit Officer.His progression at LIC included serving as the Chairman-in-charge and Managing Director in January 2019. In the same year, he was also appointed as the Non-Executive Chairman for both IDBI Bank Limited and LIC Housing Finance Limited.
Over his career spanning 38 years, Mr. Bhargava has gained extensive experience across Marketing, International Operations, and new business ventures within the financial services spectrum, both in India and overseas. He successfully led teams and pioneered innovative marketing campaigns and new verticals for LIC. Currently, he serves on the boards of SMC Global Securities Limited, UGRO Capital Limited, and Wealth Company Asset Management Holdings Private Limited.
The company confirmed that Mr. Bhargava has not been debarred from holding the office of Director by any authority. He also confirmed that there are no disclosures of relationships between directors in this context.
ITC Stock Price Movement
ITC Limited shares settled at ₹281.3 today, edging higher by 0.27% after the market close. The stock saw significant trading activity, with a total of 21.14 million shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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