ITC Hotels Limited has secured a significant land lease agreement at Yashobhoomi, Dwarka, New Delhi, marking a major expansion in the National Capital Region. The company disclosed this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, on January 9, 2026.

Lease Agreement Details

The land allotment comes from India International Convention and Exhibition Centre Limited (IICC), a Government of India enterprise. The comprehensive lease arrangement encompasses substantial financial and operational commitments:

Hotel Development Plans

The leased land will facilitate the development and operation of a distinguished premium 5-star hotel, complemented by contemporary banqueting facilities and signature cuisine offerings. The project aims to create a compelling epicurean destination that seamlessly blends premium hospitality with unforgettable dining experiences.

According to Managing Director Anil Chadha, "Yashobhoomi is a gamechanger for the MICE industry. It has already hosted a large number of trade shows and big conventions. ITCHL shall leave no stone unturned to create one of the finest hospitality offerings through the proposed hotel that will showcase our culinary and service excellence to global guests."

Strategic Positioning

The new hotel is positioned to play a pivotal role in enhancing Yashobhoomi's stature as an international destination for conventions, conferences, exhibitions, and marquee events. ITC Hotels' celebrated culinary brands, which consistently feature on the 'must dine' lists of discerning connoisseurs, will be introduced at the new property.

Existing Delhi NCR Presence

ITC Hotels Limited maintains a strong footprint across Delhi NCR with an established portfolio:

Regulatory Compliance

The company confirmed that the promoter/promoter group/group companies have no interest in IICC, and the transaction does not fall within related party transactions. A Sub-Lease cum Development Agreement will be executed to formalize the arrangement.

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.

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.

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.