ITC Hotels Limited (ITC Hotels) is taking steps to align employee interests with shareholder value through a new equity-based incentive program. The company has announced a postal ballot seeking shareholder approval for the 'ITCHL Employee Stock Appreciation Rights Scheme 2025' (ITCHL ESAR Scheme).

Key Features of the ESAR Scheme

The proposed scheme includes the following notable aspects:

• Scope: The scheme will cover employees and directors of ITC Hotels and its subsidiaries, excluding independent directors.
• Allocation: Up to 2% of the company's issued and subscribed share capital as of September 30, 2025, amounting to a maximum of 4,16,54,391 equity shares.
• Vesting Schedule:
  • 30% after 12 months
  • 30% after 24 months
  • 40% after 36 months
• Exercise Period: Up to 5 years from the respective vesting dates
• Pricing: The ESAR price will not be lower than the closing price on the grant date or the average price during the preceding six months, based on NSE daily closing prices.

Shareholder Approval Process

ITC Hotels is conducting the shareholder approval process through a postal ballot, with voting to be done electronically. Key dates for the process include:

Recent Corporate Actions

In addition to the ESAR Scheme, ITC Hotels has recently undertaken other corporate actions:

1. Investor Conferences: The company will participate in two upcoming investor conferences:

   • JM Financial India Conference on November 20, 2025, in Mumbai
   • Kotak Midcap Conference on November 21, 2025, in Mumbai

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

These initiatives demonstrate ITC Hotels' commitment to engaging with investors and aligning employee interests with company growth. Shareholders will play a crucial role in determining the implementation of the new ESAR Scheme through their votes in the upcoming postal ballot.

ITC Hotels , a leading player in India's hospitality sector, has announced an ambitious expansion plan aimed at significantly growing its portfolio by 2030. The company's strategy includes the launch of a new brand and entry into new markets, underlining its commitment to growth in the premium hospitality segment.

Expansion Targets

ITC Hotels has set its sights on expanding to over 220 hotels with more than 5,900 rooms by 2030. This growth plan represents a substantial increase from the company's current operating footprint of 145+ hotels with approximately 13,600 keys.

New Brand Launch: Epiq Collection

A key component of ITC Hotels' expansion strategy is the introduction of a new premium brand, 'Epiq Collection – Member ITC Hotels' Group'. This addition to the company's portfolio is designed to accelerate its premiumization journey, focusing on high-quality conversions and new builds in both business and leisure destinations.

The company aims to add about 1,000 keys under the Epiq Collection brand over the medium term. The initial Epiq Collection projects are already under development in culturally rich destinations:

• Epiq Collection Puri: A company-owned hotel with 118 rooms
• Epiq Collection Tirupati: A managed hotel with 201 rooms

Both properties are expected to open and join the CLUB ITC rewards program within the next two years.

Accelerated Growth in First Half of FY26

ITC Hotels has demonstrated strong momentum in its expansion efforts:

• 15 new properties were added in the first half of FY26
• The company is entering new markets as part of its growth strategy

Asset-Right Strategy

ITC Hotels is pursuing a capital-efficient growth model through its 'Asset-Right' strategy. This approach involves:

• Strong partnerships
• Focus on operational excellence
• Growing presence in Tier 2 and 3 cities where demand for premium hospitality is rising

Market Position

The company's expansion plans are backed by its strong market position:

• ITC Hotels commands a 40% RevPAR (Revenue Per Available Room) premium over the industry
• The company has shown robust performance across various revenue streams

Outlook

With its strategic expansion plans, new brand launch, and focus on premium offerings, ITC Hotels is well-positioned to capitalize on the growing demand in India's hospitality sector. The company's multi-pronged approach, combining owned and managed properties across various segments, demonstrates its commitment to long-term growth and market leadership in the Indian hospitality industry.

As ITC Hotels continues to execute its expansion strategy, it is poised to strengthen its presence across India, offering diverse hospitality experiences to a growing customer base.