ITC Hotels buys Zuri resort for Rs 205 crore

ITC Hotels Limited announced on 15th May, 2026, that it has signed definitive agreements to acquire 100% of the share capital of Zuri Hotels and Resorts Private Limited (ZHRPL). The acquisition, approved by the Board of Directors, involves an enterprise value of Rs. 205 crores on a debt-free and cash-free basis, subject to customary adjustments. The transaction is expected to be consummated over the next few days and is neither a related party transaction nor does it require any governmental or regulatory approvals.

Acquisition Details

The deal enables ITC Hotels to expand its luxury portfolio in a strategic, high-growth leisure destination, establishing its first owned resort in Kerala. The target entity owns 'The Zuri Kumarakom, Kerala Resort & Spa', a 72-key resort spread over 18 acres along the banks of Vembanad Lake. The property includes 38 villas and cottages, multiple dining venues, and approximately 20,000 sq.ft. of spa and wellness facilities.

Parameter	Details
Target Entity	Zuri Hotels and Resorts Private Limited (ZHRPL)
Stake Acquired	100% of share capital
Enterprise Value	Rs. 205 crores
Location	Kumarakom, Kerala
Resort Size	72 keys (38 villas and cottages)
Land Area	18 acres
Mode of Payment	Cash

Strategic Rationale

The acquisition is intended to strengthen ITC Hotels' presence in the leisure segment. Post extensive renovation, the resort will be rebranded under the "ITC Hotels" brand, drawing inspiration from the region's traditional architectural designs. The company expects the stabilized revenue of the resort to be close to 3x of current levels, making the acquisition margin accretive to its portfolio. The resort's audited turnover for the financial year 2025-26 stood at Rs. 21.91 crores.

Source: None/Company/INE379A01028/304259e2-cbdb-49e5-9104-c38c093b527d.pdf

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.08%	-6.44%	+0.64%	-25.67%	-23.01%	-9.53%

ITC Hotels Limited has filed its quarterly certificate with stock exchanges, confirming compliance with regulatory requirements for the quarter ended March 31, 2026. The certificate was submitted to both the National Stock Exchange of India and BSE on April 6, 2026, as part of mandatory quarterly reporting obligations.

Regulatory Compliance Certificate

The certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. ITC Hotels submitted the documentation through its Company Secretary, Diwaker Dinesh, who digitally signed the submission.

Parameter:	Details
Reporting Period:	Quarter ended March 31, 2026
Certificate Date:	April 2, 2026
Submission Date:	April 6, 2026
Regulation:	SEBI (Depositories and Participants) Regulations 74(5)

Share Transfer Agent Confirmation

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, issued the certificate confirming operational details for the quarter. The certificate specifically states that no requests for dematerialization of shares were received during the quarter ended March 31, 2026.

The confirmation was provided by KFin Technologies Limited's authorized signatory on April 2, 2026, and subsequently forwarded to the stock exchanges by ITC Hotels Limited management.

Corporate Information

ITC Hotels Limited maintains its registered office at Virginia House, 37 J. L. Nehru Road, Kolkata - 700 071, West Bengal, with its corporate office located at ITC Green Centre in Gurugram. The company operates under Corporate Identity Number L55101WB2023PLC263914.

This quarterly filing represents standard regulatory compliance, ensuring transparency in share transfer and dematerialization processes as mandated by SEBI regulations for listed companies.