DESIGN OF SCHEME FOR THE ACCEPTANCE OF FIXED DEPOSIT

July 9, 2010

IN PARTIAL FULFILMENT OF THE REQUIREMENTS

OF THE COURSE

"INVESTMENT BANKING" OF MBA (FULL TIME)

Submitted To:

Prof. M.C.Gupta

Submitted By:

Dhawal Maheshwari (091112)

Laxmi Yadav (091122)
Manali Parmar (091123)
Manoj Maheshwari (091225)
Saurabh Bhandari (091142)
Ravi Agarwal (091242)
 Registered Office: Virginia House, 37 Jawaharlal Nehru Road, Kolkata 700 071

FIXED DEPOSIT SCHEMES

Scheme (A) Non cumulative

Period Minimum amount Rate of interest

[Months / Year(s)] (Rs)
6 Months 10000 8
1 Year 10000 9
2 Years 10000 9
3 Years 10000 10

Scheme (B) Cumulative

Period Minimum Rate of interest Amount Yield (%)

[Months / amount Per annum Payable on
Year(s)] (Rs) Maturity (Rs)
1 Year 10000 9 10931 9.31
2 Years 10000 9 11949 9.74
3 Years 10000 9 13061 10.2

Deposit Highlights:

1) Interest will be paid quarterly on 31st March, 30th June, 30th September and 31st
December each year and is calculated on 365 day basis.

2) Interest is compounded quarterly.

3) Nomination facility is available.

0.5 % ADDITIONAL INTEREST FOR SENIOR CITIZEN / EMPLOYEE OF ITC.

PARTICULARS IN ACCORDANCE WITH COMPANIES (ACCEPTANCE OF
DEPOSITS) RULES, 1975, AS AMENDED, ARE GIVEN BELOW:

a) Name of the Company: ITC Limited

b) Date of Incorporation: 24 August 1910
Registered Office: Virginia House,
37 Jawaharlal Nehru Road, Kolkata 700 071, India
Phone: 033-2288 9371

c) Business carried on by the company and its subsidiaries with details of branches or
units if any:
Diversified business in various sector namely
 FMCG
1. Cigarettes: ITC is the market leader in cigarettes in India. With its wide range
of invaluable brands, it has a leadership position in every segment of the
market. It's highly popular portfolio of brands includes Insignia, India Kings,
Classic, Gold Flake, Silk Cut, Navy Cut, Scissors, Capstan, Berkeley,
Bristol and Flake.

2. Food: ITC made its entry into the branded & packaged Foods business in
August 2001 with the launch of the Kitchens of India brand. A more broad-
based entry has been made since June 2002 with brand launches in the
Confectionery, Staples and Snack Foods segments. ITC's world famous
restaurants like the Bukhara and the Dum Pukht, nurtured by the Company's
Hotels business, demonstrate that ITC has a deep understanding of the Indian
palate and the expertise required to translate this knowledge into delightful
dining experiences for the consumer.

3. Lifestyle retailing: ITC’s Lifestyle Retailing Business Division has

established a nationwide retailing presence through its Wills Lifestyle chain of
exclusive specialty stores. With a distinctive presence across segments at the
premium end, ITC has also established John Players as a brand that offers a
complete fashion wardrobe.

4. Stationery: ITC made its entry into the stationery business in the year 2002
with its premium range of notebooks, and followed with the more popular
range in the year 2003 to augment its offering. Today, ITC continues to blend
its core capabilities to market a growing range of education and stationery
products.

5. Safety Matches: ITC’s range of Safety matches include popular brands like i
Kno, Mangaldeep, Aim, Aim Mega and Aim Metro. With differentiated
product features and innovative value additions, these brands effectively
 address the needs of different consumer segments. The Aim brand is the
largest selling brand of Safety Matches in India.

6. Incense Sticks: The Company commenced marketing Agarbattis (Incense

Sticks) sourced from small-scale and cottage units in 2003. This Business
leverages the core strengths of ITC in nation-wide distribution and marketing,
brand building, supply chain management, manufacture of high quality
paperboards and the creation of innovative packaging solutions to offer Indian
consumers high quality Agarbattis.

 Hotels - One of India’s most dynamic hospitality chains, ITC-Welcomgroup has set
standards for excellence in the hotel industry by pioneering the concept of branded
accommodation. With over 100 hotels in more than 80 destinations, ITC-
Welcomgroup has set new standards of excellence in the hotel industry in
Accommodation, Cuisine, Environment and Guest Safety.

 Paperboards and packaging

1. Paper board and speciality paper: ITC's Paperboards and Specialty Papers
Division is India's largest, technologically advanced and most eco-friendly,
paper and paperboards business. The business caters to a wide spectrum of
packaging, graphic, communication, writing, printing and specialty paper
requirements through its four world-class manufacturing units, 6 sales offices
and a network of more than 50 dealers in India, along with an international
trade network of 15 distributors / agents.

2. Packaging: ITC's Packaging & Printing Business is the largest value added
converter of paperboard packaging in South Asia. It converts over 70,000
tonnes of paper, paperboard and laminates per annum into a variety of value-
added packaging solutions for the food & beverage, personal products,
cigarette, liquor and consumer goods industries.

 Agri- business: ITC's Agri Business Division is the country's second largest exporter
of agri-products with exports of over Rs. 1000 Crores (Rs. 10 billion). Its domestic
sales of agri-products are in excess of Rs. 1500 Crores (Rs. 15 billion). One of the
largest exporters of agri products from the country, ITC sources the finest of Indian
Feed Ingredients, Food Grains, Edible Nuts, Marine Products, Processed Fruits,
Coffee & Spices.

 Information technology - ITC Infotech, a global IT services company, is today one

of India’s fastest growing IT services and solutions providers. Based out of a
picturesque 35 acre campus in the heart of Bangalore city, ITC Infotech, through
wholly-owned subsidiaries in the UK and US, provides outsourced IT services and
solutions to leading global customers
 Important subsidiaries in India:

 ITC Infotech having its registered office at ITC Infotechpark,18, Banaswadi

Main Road, Pulikeshinagar P.O.,Bangalore – 560005,Tel: +91. 80.2298 8331 -
38
 Landbase limited registered office not given
 Wimco India Ltd registered office not given.
 Srinivasa Resorts Limited registered office not given
 Fortune Park Hotels Limited registered office not given
 Bay Islands Hotels Limited registered office not given

d) Name, address and occupation of the directors:

S.No. Name Position Address Qualification

Can be
1 Yogesh Chander Deveshwar Chairman obtained B.Tech.
Executive Can be
2 Sahibzada Syed Habib-ur-Rehman Director obtained B.Tech.
Executive Can be
3 Anup Singh Director obtained B.Tech.
Executive Can be
4 Krishnamoorthy Vaidyanath Director obtained MBA

e & f) Profits and dividends:

Year Ended Profits Before Tax Profits After Tax Dividend (%)
31.03.2008 4571.77 3120.1 1319.01
31.03.2009 4825.74 3263.59 1396.53
31.03.2010 6015.31 4061.00 3818.18

g) Summarized Financial Position of the company as appearing in the two latest audited
Balance Sheets:

As at As at As at As at As at As at As at As at
31st March, 31st March, 31st March, 31st March,
LIABILITIES ASSETS
2010 (Rs. 2009 (Rs. 2010 (Rs. 2009 (Rs.
in Crores) in Crores) in Crores) in Crores)
Share Capital 381.82 377.44 Fixed Assets 9151.39 8485.97
Reserves and Surplus 13682.56 13357.64 Investments 5726.87 2837.75
Current Assets,
Loans and
Secured Loans 0 11.63 Advances 8127.08 8159.73
Unsecured Loans 107.71 165.92
Deferred Tax Liability 785.01 867.19
Current Liabilities
and Provisions 8048.24 4703.63
TOTAL 23005.34 19483.45 TOTAL 23005.34 19483.45
Brief Particulars of Capital commitments, contingent liabilities and litigation as on
March 31 2010

Litigation seeking cancellation of lease of Wakf land in Bengaluru pertaining to ITC Windsor
is pending before various forums including the Hon’ble High Court of Karnataka. In the
opinion of the management based upon legal advice, the Company’s title to the property is
tenable.

h) The amount, which the company can raise under the Companies (Acceptance of
Deposits) Rules, 1975, as amended, from time to time:

Rs. in Crores

25% of the aggregate paid-up capital and free reserves from Public 3582.63
10% of the aggregate paid-up capital and free reserves from its shareholders 1433.05

Total 5015.68

The aggregate of deposits actually held on the last date of immediately NIL
preceding financial year, i.e. 31st March 2010

i) On the day of this advertisement, the company has no overdue deposits.

j) The company hereby declares:

1. That it has complied with the provisions of the Companies (Acceptance of Deposits)
Rules, 1975 as amended from time to time.
2. That the compliance with these rules does not imply that repayment of deposits is
guaranteed by the Central Government.
3. That the deposits by the company are unsecured and ranking pari passu with other
unsecured liabilities and
4. That it has not defaulted in the repayment of any deposit or part thereof and any
interest thereupon in accordance with the terms and conditions of such deposits. The
text of the above advertisement has been approved by the Board of Directors in the
meeting held on [■] and a copy of thereof, duly signed by a majority of the Directors,
had been delivered to the Registrar of Companies, Kolkata for registration. This
advertisment is issued in the authority and in the name of the Board of Directors.

By the order of the Board

For ITC Limited

Sd/-

Place: Kolkata Biswa Behari Chatterjee

Date: [ ■] Executive Vice President & Company Secretary
 MANAGERS TO THE FIXED DEPOSITS:

 BAJAJ CAPITAL LTD

 ENAM SECURITIES PVT LTD.

 KARVY STOCK BROKING LTD.

 JM FINANCIAL

 INDIABULLS SECURITIES LTD.

BANKERS TO THE FIXED DEPOSITS:

 STATE BANK OF INDIA, KOLKATA

 IDBI BANK, KOLKATA

 YES BANK, KOLKATA

 KOTAK MAHINDRA BANK, KOLKATA