International Travel House Limited has announced a leadership transition in its finance department and subsequently updated its list of authorized persons for materiality determination. The company disclosed these changes under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

CFO Transition Details

The board meeting conducted on March 2, 2026, addressed the Chief Financial Officer position change:

Updated Authorized Persons List

Following the CFO transition effective March 3, 2026, International Travel House Limited has updated its list of authorized persons for materiality determination. The updated contact details have been uploaded on the company's website and communicated to BSE Limited.

New CFO Profile

Mr. Sidharth Shah brings extensive experience to his new role as Chief Financial Officer:

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Regulations. The formal communication was addressed to BSE Limited and digitally signed by Company Secretary Abhishek Chawla on March 3, 2026. As per the company's materiality policy, the Managing Director, Chief Financial Officer, and Company Secretary are authorized to determine materiality of events, with any two of them acting jointly as authorized persons for disclosure purposes.

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.