ITC Completes Voluntary Delisting from Calcutta Stock Exchange

ITC has completed the voluntary delisting of its ordinary shares from the Calcutta Stock Exchange Limited (CSE). The move became effective on 20 November 2025, following the exchange’s formal approval.

The company confirmed the development in a regulatory filing, noting that the delisting is limited to CSE and does not affect its listings on the National Stock Exchange (NSE) or BSE.

Why Did ITC Delist Itself from CSE?

ITC’s board had approved the voluntary delisting on 30 October 2025 under the SEBI (Delisting of Equity Shares) Regulations, 2021. The company then informed CSE of its decision, after which the exchange issued its approval on 19 November.

The delisting comes at a time when CSE itself is preparing to exit the stock exchange business. Established in 1908, CSE is one of India’s oldest stock exchanges but has faced long-standing regulatory and operational challenges. Trading on CSE has been suspended since April 2013 due to non-compliance issues identified by SEBI. After years spent pursuing revival efforts and legal remedies, the exchange has opted for a voluntary exit from its licence.

ITC Listing Status Unchanged for Investors

ITC emphasised that the delisting from CSE will not affect shareholders, as its shares continue to trade actively on NSE and BSE. Investors will see no change in liquidity or trading access, given that the bulk of trading volumes already occur on these two major exchanges.

ITC Q2FY26 Earnings Results

Alongside the delisting update, ITC recently reported its earnings for the second quarter of FY26. The company posted a 2% year-on-year rise in net profit, reaching ₹5,180 crore compared with ₹5,078 crore a year earlier.

Revenue from operations (after excise duty) fell 3.4% to ₹18,021 crore, mainly due to pressures in certain business segments. However, its core cigarette business continued to grow, with revenue rising 7% to ₹8,723 crore. The non-cigarette FMCG segment also maintained steady momentum, reporting a 7% increase to ₹5,964 crore.

Across the broader FMCG portfolio, revenue grew 6.77% year-on-year to ₹14,687 crore, supported by strong demand for differentiated variants and premium cigarette products.

Read more: Infosys, TCS, and Other Nifty IT Stocks Turn Attractive for High-Risk Investors: Here is Why.

Conclusion

ITC’s delisting from the Calcutta Stock Exchange marks a procedural shift rather than a strategic one, as the company remains fully listed on India’s primary exchanges. With CSE stepping back from market operations, ITC’s move aligns with regulatory realities and does not impact shareholders. The company continues to show steady operational performance, backed by growth in its cigarette and FMCG businesses.

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