ITDC appoints Sh. Malay Kumar Singha as Non-official Director

1 min read Updated on 27 May 2026, 08:30 PM

Reviewed by

Riya DScanX News Team

AI Summary

India Tourism Development Corporation has appointed Sh. Malay Kumar Singha as Non-official Director for a three-year tenure based on a Ministry of Tourism order dated May 25, 2026. The appointment process is pending the completion of formalities, including the acquisition of a Director Identification Number and necessary disclosures. The company will provide the director's profile and non-debarment confirmation upon receipt.

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India Tourism Development Corporation has appointed Sh. Malay Kumar Singha as a Non-official Director on its board for a period of three years. The appointment follows a communication from the Ministry of Tourism, Government of India, via Office Memorandum No. PSU-6/1/2025-PSU dated May 25, 2026. The company received this intimation on May 26, 2026.

The formal process for the appointment is currently underway. Sh. Malay Kumar Singha is yet to obtain his Director Identification Number (DIN), which is a mandatory requirement for assuming the role. Additionally, the company has not yet received the disclosure confirming that he is not debarred from holding the position of director by SEBI or any other authority.

A brief profile of the newly appointed director is also pending. The company stated that these details, including the non-debarment disclosure and profile, will be provided once they are received from Sh. Malay Kumar Singha.

The appointment was communicated to the stock exchanges by Virendra Kumar Jain, Company Secretary of India Tourism Development Corporation. The filing was made to comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

Appointment Details

Detail	Information
Name of Director	Sh. Malay Kumar Singha
Designation	Non-official Director
Tenure	Three years
Appointing Authority	Ministry of Tourism, Government of India
Office Memorandum No.	PSU-6/1/2025-PSU
Date of Order	May 25, 2026

Historical Stock Returns for India Tourism Development Corporation

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+0.31%	-6.10%	-4.90%	-10.72%	+41.89%

What strategic expertise will Sh. Malay Kumar Singha bring to the board to aid ITDC's post-pandemic recovery?

How will the appointment influence ITDC's upcoming investment decisions and expansion projects?

What impact will this leadership change have on ITDC's stock performance and investor sentiment?

Dividend Recommendation

The Board of Directors has recommended a final dividend of ₹2.95 per share on the equity share capital of the company for the financial year ended March 31, 2026. This aggregates to a total dividend payout of ₹25.30 crore.

Q4 Financial Performance

For the fourth quarter, ITDC posted a net profit of 288M rupees, compared to 255M rupees in the same period of the previous year. Revenue for the quarter stood at 1.4B rupees, against 1.99B rupees in the corresponding quarter of the prior year.

The company's EBITDA for Q4 came in at 305M rupees versus 322M rupees year-on-year, while the EBITDA margin improved significantly to 21.74% from 16.2% in the same period last year.

Metric:	Q4 Current	Q4 Previous (YoY)
Net Profit:	288M Rupees	255M Rupees
Revenue:	1.4B Rupees	1.99B Rupees
EBITDA:	305M Rupees	322M Rupees
EBITDA Margin:	21.74%	16.20%

Full-Year Financial Highlights

For the financial year ended March 31, 2026, ITDC reported a net profit of ₹84.02 crore, compared to ₹81.80 crore in the previous year. Total income for the year stood at ₹5,583.54 crore, while total expenses were recorded at ₹4,443.48 crore.

Metric:	FY26 (₹ in crore)	FY25 (₹ in crore)
Net Profit:	84.02	81.80
Total Income:	5,583.54	5,883.31
Total Expenses:	4,443.48	4,886.42
Earnings Per Share (Basic):	9.80	9.54

Auditor's Report

The statutory auditors, HDSG & Associates, issued a qualified opinion on the standalone financial results. The qualifications include matters related to MSMED Act compliances, revenue from license fees, and agreements with General Sales Agents. The auditors noted that the impact of certain qualifications could not be quantified due to the absence of requisite audit evidence. The consolidated financial results also received a qualified opinion from the auditors.

Historical Stock Returns for India Tourism Development Corporation

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+0.31%	-6.10%	-4.90%	-10.72%	+41.89%

How might the auditor's qualified opinion on MSMED Act compliances and General Sales Agent agreements impact ITDC's ability to secure future government contracts or partnerships?

Given the significant revenue decline from ₹5,883 crore to ₹5,583 crore despite improved profitability, what strategic cost optimization measures is ITDC likely to pursue to sustain margin improvements in FY27?

With India's tourism sector experiencing post-pandemic growth, how well-positioned is ITDC to capitalize on increasing inbound tourist arrivals, and could this drive a revenue recovery in the coming fiscal year?