ITC Hotels Limited (ITCHOTELS) — Board Meeting | 16 July 2026 (2 announcements)

ITC Hotels announced on 16 July 2026 that its board approved the acquisition of 100% of GHK Hospitality & Infrastructures Limited for an enterprise value of ₹155 crores on a cash-free, debt-free basis. The target owns the Welcomhotel Ahmedabad property with 130 keys and generated ₹35.16 crores revenue in FY26. Completion is expected by Q2 FY27.

ITC Hotels Limited announced the Board approved unaudited standalone and consolidated financial results for Q1 June 2026, alongside limited review reports from S.R. Batliboi & Co. LLP. The consolidated results reflect the recent acquisition of Kerala Luxury Resorts Private Limited, which is now a wholly owned subsidiary, making current quarter figures non-comparable to prior periods. Key financial highlights include total income of ₹859.16 crores (standalone) and ₹994.54 crores (consolidated), with profit after tax at ₹177.01 crores and ₹181.91 crores respectively.