ITC Hotels (ITCHOTELS) — Board Meeting

1 Board Meeting 🟡 Notable Neutral 📄 PDF

📢 Key Event
Board approved acquisition of GHK Hospitality & Infrastructures Limited

🔄 What Changed
Acquisition of 100% stake in GHK Hospitality & Infrastructures Limited

🔮 What's Next
Completion expected within Q2 FY'27

💡 Investor Takeaway
This acquisition expands ITC Hotels' asset base in Ahmedabad and adds ₹35 crores of annual revenue.

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.

2 Board Meeting 🟡 Notable Neutral 📄 PDF

📢 Key Event
Board approved unaudited standalone and consolidated Q1 results and limited review reports

🔄 What Changed
Consolidated results now include Kerala Luxury Resorts acquisition; figures non-comparable to prior periods

💡 Investor Takeaway
The acquisition makes current quarter results non-comparable to previous periods due to new subsidiary integration.

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.

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About ITC Hotels Limited (ITCHOTELS)

Consumer Services · Leisure Services · Listed on NSE

Market Cap: ₹32,386.12 Cr P/E: 40.0

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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