ITC Hotels Limited announced the successful allotment of equity shares under its Employee Stock Option Scheme on March 19, 2026. The company issued 93,421 equity shares of ₹ 1 each to employees who exercised their stock options under the ITC Hotels – Special Purpose Employee Stock Option Scheme.

Share Allotment Details

The allotment was completed following the exercise of 9,342.10 options by eligible optionees under the company's employee stock option scheme. The committee meeting that approved and executed the share allotment concluded at 5:20 p.m. on March 19, 2026.

Updated Share Capital Structure

Following the allotment, ITC Hotels Limited's capital structure has been updated with immediate effect from March 19, 2026. The company's issued, subscribed and paid-up share capital now stands at ₹ 2,08,29,76,309.

Regulatory Compliance

The share allotment was conducted in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ITC Hotels Limited has duly informed both the National Stock Exchange of India Limited and BSE Limited about the allotment through official communication.

The company's Employee Stock Option Scheme represents part of its employee retention and incentive strategy, allowing eligible employees to acquire equity stakes in the organization. This allotment reflects the continued participation of employees in the company's growth through the exercise of their vested stock options.

ITC Hotels Limited has announced a change in its Board of Directors with the resignation of Mr. Tablesh Pandey, Non-Executive Director, effective March 5, 2026. The company informed stock exchanges about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Composition Change

Mr. Tablesh Pandey, who served as a Non-Executive Director representing Life Insurance Corporation of India, tendered his resignation from the Board of Directors with effect from the close of work on March 5, 2026. The resignation letter was formally submitted to the company on the same date.

Reason for Resignation

In his resignation letter dated March 5, 2026, Mr. Pandey cited his acceptance of a Chair Professor (Life) position at the National Insurance Academy in Pune as the reason for his departure from the ITC Hotels board. He expressed gratitude to the Board members and the entire team of ITC Hotels Limited for their support during his tenure and wished the company success in the years to come.

Regulatory Compliance

The company has fulfilled its disclosure obligations by notifying both the National Stock Exchange of India Limited and BSE Limited about the board change. The formal communication was signed by Company Secretary Diwaker Dinesh on March 6, 2026, and included a copy of Mr. Pandey's resignation letter as an enclosure.

Company Information

ITC Hotels Limited operates with its registered office at Virginia House, 37 J. L. Nehru Road, Kolkata - 700 071, West Bengal, and maintains its corporate office at ITC Green Centre in Gurugram, Haryana. The company continues its operations with the remaining board members following this directorial change.