ITC Hotels Allots 1.02 Lakh Equity Shares Under Employee Stock Option Scheme

ITC Hotels Limited has completed a share allotment under its Employee Stock Option Scheme, issuing equity shares to employees who exercised their stock options on December 19, 2025.

Share Allotment Details

The company allotted 1,02,560 equity shares of ₹1 each following the exercise of 10,256 options by optionees under the ITC Hotels-Special Purpose Employee Stock Option Scheme. The allotment process was completed through a committee meeting that concluded at 5:40 p.m. on December 19, 2025.

Parameter:	Details
Shares Allotted:	1,02,560 equity shares
Face Value:	₹1 per share
Options Exercised:	10,256 options
Allotment Date:	December 19, 2025
Committee Meeting End Time:	5:40 p.m.

Updated Share Capital Structure

Following this allotment, the company's share capital structure has been updated with immediate effect from December 19, 2025. The issued, subscribed and paid-up share capital now stands at ₹2,08,28,53,588, representing a total of 2,08,28,53,588 equity shares of ₹1 each.

Share Capital Component:	Current Status
Total Paid-up Capital:	₹2,08,28,53,588
Total Number of Shares:	2,08,28,53,588
Face Value per Share:	₹1
Effective Date:	December 19, 2025

Regulatory Compliance

The share allotment was conducted in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both the National Stock Exchange of India Limited and BSE Limited about this corporate action through proper regulatory filings.

This ESOP exercise reflects the company's commitment to employee participation in its growth story through equity-based compensation schemes. The allotment process was completed efficiently within the regulatory framework, ensuring transparency and compliance with all applicable norms.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.18%	+0.10%	-7.47%	-7.72%	+12.79%	+12.79%

ITC Hotels Limited has successfully obtained shareholder approval for its Employee Stock Appreciation Rights Scheme through a postal ballot conducted via electronic voting. The company announced the voting results on December 19, 2025, confirming that both special resolutions related to the equity-settled stock appreciation rights were passed with overwhelming support.

Postal Ballot Results

The voting results demonstrate strong shareholder confidence in the proposed scheme:

Category:	Total Shares Held	Votes Polled	Votes in Favor	Approval Rate
Promoter and Group:	83,00,00,000	83,00,00,000	83,00,00,000	100.00%
Public Shareholders:	92,74,03,367	89,94,56,074	89,73,16,969	99.76%
Public Institutions:	32,56,24,731	30,52,00,734	30,45,50,223	99.79%
Overall Result:	2,08,27,28,098	1,74,04,08,808	1,73,89,67,192	99.86%

The postal ballot covered 25,07,634 shareholders on the record date of October 31, 2025, with voting conducted electronically from November 19 to December 18, 2025.

Key Features of the Approved ESAR Scheme

The shareholders have approved the 'ITCHL Employee Stock Appreciation Rights Scheme 2025' with the following specifications:

Parameter:	Details
Coverage:	Employees and directors of ITC Hotels and subsidiaries
Allocation:	Up to 2% of issued share capital (max 4,16,54,391 shares)
Vesting Schedule:	30% after 12 months, 30% after 24 months, 40% after 36 months
Exercise Period:	Up to 5 years from vesting dates
Pricing:	Not below closing price on grant date or 6-month average

Recent Corporate Developments

Along with the ESAR scheme approval, ITC Hotels has undertaken several corporate initiatives:

Share Allotment: On November 17, 2025, the company allotted 22,930 equity shares under its Special Purpose Employee Stock Option Scheme, increasing the total paid-up share capital to ₹2,08,27,51,028.

Investor Engagement: The company participated in key investor conferences including the JM Financial India Conference and Kotak Midcap Conference in Mumbai during November 2025.

The overwhelming approval of the ESAR scheme reflects strong shareholder confidence in ITC Hotels' strategy to align employee interests with long-term value creation. The scheme will enable the company to attract and retain talent while ensuring employees benefit from the company's growth trajectory.