ITC Hotels Shareholders Approve Employee Stock Appreciation Rights Scheme

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.32%	+0.57%	-4.15%	-10.55%	+14.84%	+14.84%

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.