| Names of Associates | Remarks |
|---|---|
| International Travel House Limited | # |
| Gujarat Hotels Limited | # |
| Divya Management Limited | @ |
| Antrang Finance Limited | @ |
| Russell Investments Limited | @ |
| # These entities will be progressively included within the reporting boundary, as part of ITC's supply chain, based
on identified material aspects. @ These entities primarily invest in financial market instruments and do not have any material sustainability impacts. |
|