The Indian Hotels Company Limited has announced a special window for shareholders to re-lodge transfer requests for physical shares, providing relief to investors who faced challenges with share transfers due to SEBI's restrictions on physical share movements.

Regulatory Compliance and Public Notice

Pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has published newspaper advertisements in Financial Express (English) and Loksatta (Marathi) on April 1, 2026. The announcement was signed by Melisa Alva, Senior Vice President & Company Secretary (ACS: 34774), and filed with both BSE Limited and National Stock Exchange of India.

Special Window Details

The re-lodgement window will remain open for a full year, providing ample opportunity for eligible shareholders to complete their transfer processes:

Eligibility Criteria and Requirements

Investors can re-lodge transfer requests if their transfer deeds were executed before April 5, 2019 but were not submitted due to technical reasons or were rejected despite submission. The following documents are mandatory:

• Original share certificates
• PAN card and Aadhaar card copies of both transferor and transferee
• Signature specimens and address proof certificates for both parties

Submission Process

All original documents must be sent via courier or registered post to NKMUGI ITI India Private Limited (formerly Link Intime India Private Limited), the company's Registrar and Share Transfer Agent. The registered office address is C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400 083.

Important Restrictions

Shares re-lodged for transfer will be issued exclusively in demat form and will remain under lock-in for one year from the registration date. During this period, shareholders cannot transfer, pledge, or mark these shares under lien.

Contact Information

For queries, shareholders can:

• Submit service requests at https://web.in.mpms.mufg.com/helpdesk/Service_Request.html
• Call helpline number: +91 22 49186270
• Email: investorrelations@ihcltata.com

This initiative demonstrates the company's commitment to facilitating legitimate share transfers while complying with SEBI's regulatory framework for dematerialization of securities.

Indian Hotels Company has received a maintained Buy rating from Nomura, though the brokerage has revised its target price downward to Rs 800. The recommendation comes amid expectations of resilient performance despite potential external challenges.

Target Price and Rating Overview

Nomura's analysis suggests that geopolitical tensions and war-related impacts are expected to have limited influence on the company's Q4FY26 performance. The brokerage maintains its positive outlook on the hospitality major while adjusting price expectations.

Growth Projections and Financial Outlook

The brokerage has outlined robust growth expectations for Indian Hotels Company over the medium term. Nomura projects a strong EBITDA compound annual growth rate of 13-14% for FY26-28F, indicating sustained operational efficiency and revenue expansion.

For the immediate term, Q4FY26F is expected to deliver solid performance with revenue growth of 11% year-on-year and EBITDA growth of 12% year-on-year. These projections reflect the company's ability to capitalize on recovering travel demand.

Sector Tailwinds and Market Positioning

Nomura's optimistic stance is anchored on favorable trends in key market segments. The brokerage highlights positive tailwinds from luxury travel recovery and corporate travel resumption as key drivers for the company's performance.

The medium-term EBITDA CAGR projection of 13-14% for FY26-28F underscores expectations of sustained operational leverage and market share gains in the premium hospitality segment. This growth trajectory reflects the company's strategic positioning to benefit from India's expanding travel and tourism sector.