- ITC board approved voluntary delisting from Calcutta Stock Exchange shares
- ITC shares remain listed on NSE and BSE for nationwide trading
- Calcutta Stock Exchange trading suspended by SEBI since April 2013
ITC Ltd.'s board of directors has given a go-ahead to voluntary delisting of shares from the Calcutta Stock Exchange, according to a regulatory filing on Thursday. The FMCG-to-hotels conglomerate also informed that their shares will continue to remain listed on the National Stock Exchange of India Limited and BSE Ltd., providing nationwide trading facilities.
A few weeks ago, the CSE, which holds a 117 years worth of trading legacy in its kitty, made headlines for conjectures around a probable closure. The Exchange on its part had denied the reports about its closure, calling them incorrect.
Exchange officials told NDTV that the CSE remains operational and has not received any regulatory approval to wind down its business. The exchange has also said that it will issue an official statement after Diwali.
Trading at the CSE was suspended by SEBI in April 2013 due to non-compliance with regulatory requirements. Over the past decade, the exchange made many attempts to resume operations and contest SEBI's decisions in court.
Founded in 1908, the Calcutta Stock Exchange was once a formidable rival to the BSE, dominating trade volumes and serving as the financial nerve centre of Kolkata's Lyons Range.
ITC Q2 Results
The cigarette maker announced its financial results for the second quarter of FY26. ITC's net profit rose 2% in the September quarter, while its revenue saw a 3.4% decline, according to the standalone financial results declared by the company on Thursday.
The cigarette maker posted a bottom line of Rs 5,179.82 crore, as against Rs 5,078.34 crore in the year-ago period. The company's revenue, however, fell 3.4% to Rs 18,021.25 crore as against Rs 18,649.12 crore in the same quarter last year.
Earnings before interest, tax, depreciation and amortisation went up 2% to Rs 6,252.01 crore from Rs 6,123.29 crore while margin stood at 34.7% as against 32.8%. in the year-ago period.
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