ITC Limited

1 (` in Crores)Sl. of the SubsidiaryITC InfotechITC InfotechITC InfotechPyxis Surya NepalKing MakerTechnico Pty Technico AgriTechnicoCompany India Limited (USA), ,PrivateMarketing, LimitedSciences ^Inc.^ A 100% subsidiary of ITC Limited 22nd March, 2016 (previously, a 100% subsidiary of Technico Pty Limited )@Dividend paid during the yearForm AOC-1(Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014)Statement containing salient features of the financial statement of subsidiaries / associate companies / joint venturesPart A : SubsidiariesFinancial Year ending on31-Mar-201631-Mar-201631-Mar-201631-Ma r-201613-Mar-201631-Mar-201631-Mar-20163 1-Mar-201631-Mar-2016 Reporting CurrencyIndianUS DollarBritish PoundUS DollarNepaleseUS DollarAustralianIndianCanadianRupeeRupee DollarRupeeDollarExchange Rate on the last of the financial yearShare & ( ) ( )Total (excluding made in subsidiaries) / (Loss) before for tax( )( )( ) ( )( )( )( ) Profit / (Loss) after @ @ % of LimitedREPORT AND ACCOUNTS 2016 Financial Year ending on31-Mar-201631-Mar-201631-Mar-201631-Ma r-201631-Mar-201631-Mar-201631-Mar-20163 1-Mar-201631-Mar-2016 Reporting CurrencyAustralianChinese YuanIndian IndianIndianIndianSri LankanIndianIndianDollarRenminbiRupeeRup eeRupeeRupeeRupeeRupeeRupeeExchange Rate on the day of the financial yearShare & Surplus( )( ) ( ) ( ) (excluding Investments in subsidiaries) Turnover / (Loss) before tax ( )( ) for tax ( ) ( ) ( )( )Profit / (Loss) after tax ( )

2 ( ) Dividend @ @ % of A : Subsidiaries (Contd.)Sl. of the SubsidiaryTechnico AsiaTechnicoSrinivasaFortune ParkLandbaseBay IslandsWelcomHotels Russell CreditGreenacreCompany HoldingsHorticulturalResortsHotelsIndiaH otels LankaLimited **HoldingsPty Limited (Kunming)LimitedLimitedLimitedLim ited(Private) Limited $Co. LimitedLimited** During the year, BFIL Finance Limited and Wills Corporation Limited , both being wholly owned subsidiaries of the Company, have been amalgamated with Russell Credit Limited (a wholly ownedsubsidiary of the Company) with effect from 1st April, 2015 [Refer Note 28 (x) to the Consolidated Financial Statement].$ During the year, Classic Infrastructure & Development Limited an associate of the Company has been amalgamated with Greenacre Holdings Limited (a step down subsidiary of ITC Limited )with effect from 1st October, 2015 [Refer Note 28 (x) to the Consolidated Financial Statement].@Dividend paid during the year(` in Crores)174 ITC LimitedREPORT AND ACCOUNTS 2016175 ITC LimitedREPORT AND ACCOUNTS 2016(` in Crores)Part A : Subsidiaries (Contd.)

3 Sl. of the SubsidiaryWimcoGold FlakeITCMRR TradingNorth EastPrag AgroPavan PoplarCompany LimitedCorporationInvestments& InvestmentNutrientsFarm LimitedLimitedLimited& HoldingsCompanyPrivateLimitedLimitedLimi tedNotes:i)Pyxis Solutions, LLC is a New York Limited Liability Company and does not have any share capital. ITC Infotech (USA), Inc., holds 100% membership interest of Pyxis Solutions, ) The Subsidiary not considered in the preparation of the above statement is ITC Global Holdings Pte. Limited , Singapore, ( Global ) a wholly owned subsidiary of ITC Limited , which is under liquidation vide Singapore High Court sOrder dated 30th November, 2007. Prior to this, Global was under Judicial Management in terms of an Interim Order passed by the Singapore High Court on 8th November, 1996, and confirmed by the Singapore High Court on6th December, ) WelcomHotels Lanka (Private) Limited is yet to commence commercial ) Turnover includes Other income and Other operating ) Other than the above, there are no subsidiaries which have been liquidated or sold during the Year ending on31-Mar-201631-Mar-201631-Mar-201631-Ma r-201631-Mar-201631-Mar-201631-Mar-2016 Reporting CurrencyIndianIndianIndianIndianIndianIn dianIndianRupeeRupeeRupeeRupeeRupeeRupee RupeeExchange Rate on the last day of the financial yearShare & Surplus( ) ( )( )( )( )Total (excluding Investments.

4 Made in subsidiaries) / (Loss) before tax( ) ( )( )( )Provision for tax ( )( )..Profit / (Loss) after tax( ) ( )( )( )Proposed Dividend % of # Financial Statements are as certified by the management of logix Developers Private Limited . [Refer Note 28 (ii) (d) to the Consolidated Financial Statement].* Comprise 55,650 shares fully paid up and 1,39,125 shares partly paid up [Refer Note 11 to the Consolidated Financial Statesment].~ ITC Essentra Limited has aligned its financial year to 31st day of March in accordance with section 2(41) of the Companies Act, 2013 with effect from financial year B : Associates and Joint VenturesStatement pursuant to Section 129 (3) of the Companies Act, 2013 related to Associate companies and Joint VenturesName of Associates / Joint VenturesEspirit LogixITC EssentraMaharajaInternationalRussellGuja ratDivyaATCA ntrangHotelsDevelopersLimitedHeritageTra velInvestmentsHotelsManagementLimitedFin ancePrivatePrivateResortsHouseLimitedLim itedLimitedLimitedLimitedLimited# Limited Limited1.

5 Latest audited Balance Sheet Date31-Mar-201631-Mar-201631-Mar-2016~31 -Mar-201631-Mar-201631-Mar-201631-Mar-20 1631-Mar-201631-Mar-201631-Mar-20162. Shares of Associates / Joint Venturesheld by the company on the year ,65,09,20077,66,91322,50,00090,00039,14, 23342,75,43517,33,90741,82,9151,94,775*4 3,24,634 Amount of Investment in Associates Ventures (` in Crores)Extend of Holding % Description of how there is significantJoint VentureJoint VentureJoint VentureJoint VentureAssociateAssociateAssociateAssoci ateAssociateAssociateinfluence4. Reason why the associate / joint ConsolidatedConsolidatedConsolidatedCons olidatedConsolidatedConsolidatedConsolid atedConsolidatedConsolidatedConsolidated venture is not consolidated5. Net worth attributable to ( ) per latest audited Balance Sheet(` in Crores) / (Loss) for the year (` in Crores)..( ) Considered in ( ) (` in Crores)ii. Not considered in ( ) (` in Crores)Notes:i) Espirit Hotels Private Limited and logix Developers Private Limited are yet to commence commercial ) Other than the above, there are no Associates or Joint Ventures which have been liquidated or sold during the C.

6 DEVESHWARC hairmanR. TANDOND irector & Chief Financial OfficerB. B. CHATTERJEEC ompany SecretaryOn behalf of the BoardITC LimitedREPORT AND ACCOUNTS 2016