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(Meet Seamer ate oe ae trent anneal hare off 1258 Gc ad 48.22 ro fh rt ain ona dod st Cacember, 2014 rapectvel towards daprciaon from tha review and roviion of xtmated ut ives of fad ase in accordance wit he Provisions of SedufI tothe Companiea Ac 2013. The pact of such revision onthe reste oF al other rporiog Sagments not “st iN 7 a e Notes (1) The Company's corporate stratgy aims at creating mule divers of growth anchored on is core competencies. The Company Is curronty focused on feur business groups : FMCG, Holle, Paperboard, Paper & Packaging ard Ag Business, The Company's ‘cxganisatonelsructre and governance processes are designed to support effective management of mule businesses wil relanng focus on each one of them, (2) Thebosinses groups comprise the folowing FCG: Cagarstios Ofer Hotels - Papertoards, Paper & Packaging ‘Agi Business : Cigaratis, Chars etc. Branded Packaged Foods Businesses (Bakery and Confectionary Foods ‘Snack Foods; Staples, Spices and Rese to Eat Foods): Apparel Education lana Sialonery Products; Personal Care Products; Safety Matches and ‘gaat, Hotetering Paperbonrds, Paper Including Specialy Paper & Packaging inducing Freses. ‘ay commodtles such a soy, spas, coffe and let tobacco, (©) Seaman ems of FCG : tha’ are ater considering sient business development, brand bldng and geston costs of F Branded Pakage Faotsbusenes and Personal Car Pred buna RL (4) The Companys Agri Business markets ag commodities in tho export 'édomestc markets; suppiles ar raw matras tothe Branded Packaged Foods Susineeses an source ea oooon0 fer tha Cgaratins usiness, } (©) Fur forth caxrespordngprovius prods are r-arange, wherever nacsnny a confrm othe fous of he cuentas a Registered Offce ‘Virginia House, 37 J. Nehru Road, Kolkata 700.07, tnt Dated : 216 January, 2018 Proce: Kolkata, nda For and on bahaf ofthe Boars oe cect Draco Chairman Chartered Accountants Deloitte Haskins & Sells tee les, Sait Lake deans Complex iohat oot fra e491 9 g612 1000 F331 3} end toot INDEPENDENT AUDITORS? REVIEW REPORT ‘TO THE BOARD OF DIRECTORS OF ITC LIMITED 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of ITC Limited (the Company”) for the Quarter and Nine months ended 31 December, 2014 (“the Statement”), being submitted by the Company pursuant to Clause 41 of the Listing Agreements with the Stock Exchanges, except forthe disclosures in Part UL - Select information referred to in paragraph 4 below. This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibilty is to issue a report on the Statement based on our review. 2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 ‘Review of Interim Financial Information Performed by the Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial ‘data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an auclt opinion, 3. Based on our review conducted as stated above, nothing bas come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the Accounting Standards specified under the Companies Act, 1956 (which are deemed to be applicable as per Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014) and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreements with the Stock Exchanges, including the manner in which itis to be disclosed, or that it contains any material misstatement, 4. Further, we also report that we have traced the number of shares as well asthe percentage of shareholding in respect of the aggregate amount of public shareholding in terms of Clause 35 of the Listing Agreements with the Stock Exchanges and the particulars relating to investor complaints disclosed in Part II - Select information for the Quarter and Nine ‘months ended 31% December, 2014 of the Statement, from the details furnished by the Management. For DELOITTE HASKINS & SELLS Chartered Accountants (Firm’s Registration No, 302009B) Qa Shyamak R Tata Partner \S Membership No.: 38320 Kolkata, 21* January, 2015

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