ITC Hotels cancels analysts meet scheduled for June 19

ITC Hotels Limited has cancelled the analysts meet that was scheduled for June 19, 2026, in Gurugram. The meeting, which was organised by Citigroup Global Markets India Private Limited, was called off by the organiser. This disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company had previously announced on June 15, 2026, that its representatives would attend the physical group meeting to engage with analysts and discuss operations and performance.

Meeting Details

The table below outlines the details of the cancelled event:

Analysts meet	Mode of attendance	Nature of the meeting	Date and place of the Analysts meet
Analysts meet organised by Citigroup Global Markets India Private Limited	Physical	Group meeting	19 June, 2026 at Gurugram

Diwaker Dinesh, Company Secretary of ITC Hotels Limited, signed the communication regarding the cancellation on June 18, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.90%	-1.31%	+18.14%	-10.00%	-18.64%	+3.36%

ITC Hotels Limited has completed the acquisition of 100% of the share capital of Zuri Hotels and Resorts Private Limited (ZHRPL). The transaction, confirmed at 2:07 p.m. on 19 May, 2026, was executed for an enterprise value of Rs. 205 crores on a cash-free and debt-free basis. Consequently, ZHRPL has become a wholly owned subsidiary of ITC Hotels Limited with effect from 19 May, 2026. The consideration for the share capital acquisition does not exceed Rs. 175 crores, with the balance covering debt repayment and customary adjustments.

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 of landscaped greenery along the banks of Vembanad Lake. The property, located approximately 70 km from Cochin, includes 38 villas and cottages, multiple dining venues, event spaces, and extensive wellness facilities.

Parameter	Details
Target Entity	Zuri Hotels and Resorts Private Limited (ZHRPL)
Stake Acquired	100% of share capital (1,27,91,223 Equity Shares)
Enterprise Value	Rs. 205 crores
Location	Kumarakom, Kerala
Resort Size	72 keys
Land Area	18 acres
Date of Incorporation	21-04-2012

Strategic Rationale

The acquisition is intended to strengthen ITC Hotels' presence in the leisure segment. Post extensive renovation, the resort will be rebranded as a luxury resort under the "ITC Hotels" brand. By leveraging institutional strengths such as signature culinary experiences and the Club ITC loyalty programme, the resort is expected to unlock brand-led value uplift. The stabilized revenue of the resort is projected to be close to 3x of current levels and margin accretive to the company's portfolio.

Financial Performance

The resort's audited turnover for the financial year 2025-26 stood at Rs. 21.91 crores. Historical financial data indicates a consistent revenue stream over the past three years.