International Travel House Limited has issued a comprehensive postal ballot notice dated 14th January, 2026, seeking member approval for five critical resolutions that will shape the company's governance and business operations for the upcoming financial year.

Key Resolutions for Member Approval

The postal ballot encompasses five significant items requiring member consent through remote e-voting. The resolutions cover executive remuneration adjustments, board composition changes, and substantial related party transaction approvals for FY 2026-27.

Managing Director Remuneration Structure

The company seeks approval for revised remuneration of Mr. Ashwin Moodliar, Managing Director, who is on deputation from ITC Hotels Limited. The proposed remuneration structure includes multiple components designed to align executive compensation with company performance.

Mr. Moodliar, aged 60 years with over 35 years of experience, has been serving as Managing Director since 1st February, 2023. His expertise spans sales, marketing, revenue management, and digital transformation initiatives across the hospitality sector.

Related Party Transaction Approvals

The company is seeking member approval for material related party transactions with three ITC group entities during FY 2026-27. These transactions primarily involve travel services and operational support arrangements.

These transactions represent significant percentages of the company's annual turnover, with ITC Limited transactions accounting for 60.95%, ITC Hotels Limited for 14.57%, and ITC Infotech India Limited for 18.21% of FY 2024-25 turnover.

Company Financial Performance Context

The company's recent financial performance provides context for these strategic decisions. For the nine months ended 31st December, 2025, International Travel House reported revenue from operations of ₹17,460.09 lakhs and profit after tax of ₹1,324.76 lakhs, resulting in earnings per share of ₹16.57.

Voting Timeline and Process

Members can participate in the decision-making process through remote e-voting facilitated by NSDL. The voting period spans one month, providing ample opportunity for member participation.

Ms. Pooja Bhatia, Practicing Company Secretary, has been appointed as the Scrutinizer for the postal ballot process. The results will be made available on the company's website and communicated to BSE Limited where the company's shares are listed.

International Travel House Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following the board meeting held on January 14, 2026. The company reported a net loss during the third quarter, primarily attributed to exceptional items related to new labour code implementations.

Q3FY26 Financial Performance

The company's quarterly performance was significantly impacted by one-time exceptional charges, resulting in a net loss for the period:

Nine Months Performance FY26

Despite the quarterly loss, the company maintained positive performance for the nine-month period:

Impact of New Labour Codes

The exceptional items of ₹589.00 lakhs represent estimated one-time impact on recognition of past service cost related to gratuity and leave wages. This follows notifications issued by the Ministry of Labour & Employment dated November 21, 2025, implementing The Code on Wages 2019, The Industrial Relations Code 2020, The Code on Social Security 2020, and The Occupational Safety, Health and Working Conditions Code 2020.

Board Decisions and Appointments

The board meeting also addressed key governance matters:

Ms. Sarup, a retired IAS officer with over 38 years of administrative experience, has served as an Independent Director since June 29, 2021. She holds key positions including former Secretary of Food and Public Distribution and Union Secretary of School Education and Literacy in the Government of India. The company confirmed that she has not been debarred from holding the office of Director by any regulatory authority.

Regulatory Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deloitte Haskins & Sells LLP, the company's statutory auditors, completed the limited review without any material observations affecting the results. The company has filed the necessary documents with BSE Limited as per regulatory requirements.