International Travel House Shareholders Approve Ashwin Moodliar's Re-appointment as Managing Director

1 min read     Updated on 19 Aug 2025, 09:21 PM
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Reviewed by
Jubin VergheseBy ScanX News Team
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Overview

International Travel House Limited held its 44th Annual General Meeting on August 19, 2025. Shareholders approved the re-appointment of Ashwin Moodliar as Managing Director for a two-year term starting February 1, 2026. The company declared a final dividend of ₹5.50 per equity share. Messrs. Mehta & Mehta were appointed as Secretarial Auditors for five years, and Deloitte Haskins & Sells LLP's remuneration as Statutory Auditors was approved. The AGM saw participation from 174 members, and all resolutions passed with requisite majority.

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*this image is generated using AI for illustrative purposes only.

International Travel House Limited, a prominent player in the travel and hospitality sector, has announced significant developments following its 44th Annual General Meeting (AGM) held on August 19, 2025. The shareholders have approved several key resolutions, including the re-appointment of Ashwin Moodliar as the company's Managing Director for a two-year term.

Leadership Continuity

Mr. Ashwin Moodliar, 60, has been re-appointed as a Director and Managing Director of International Travel House Limited for a two-year term commencing February 1, 2026. This decision, made at the company's AGM, ensures continuity in leadership for the organization.

Moodliar's Experience and Contributions

Moodliar brings a wealth of experience to his role, having initially joined the company as Managing Director on February 1, 2023. His career spans over three decades in the hospitality industry, including significant tenure with ITC Limited's Hotels Division since 1993. At ITC, he held various leadership positions in Sales, Marketing, and Revenue Management, culminating in his role as Vice President Marketing.

During his time at International Travel House, Moodliar has been instrumental in driving projects focused on enhancing business efficiency and customer satisfaction. His initiatives have primarily centered around leveraging technology and implementing process improvements.

Financial Decisions and Auditor Appointments

The AGM also saw shareholders approving several other important resolutions:

  1. The company declared a final dividend of ₹5.50 per equity share of ₹10 each for the financial year ended March 31, 2025.

  2. Shareholders approved the appointment of Messrs. Mehta & Mehta, Company Secretaries, as the Secretarial Auditors for a period of five consecutive financial years starting from 2025-26.

  3. The remuneration of Messrs. Deloitte Haskins & Sells LLP, Chartered Accountants, as Statutory Auditors for the financial year 2025-26 was also approved.

Shareholder Participation

The AGM, conducted through video conferencing, saw active participation from shareholders. A total of 174 members attended the meeting, including 2 from the Promoter and Promoter Group and 172 from the public.

Voting Results

All resolutions put forth at the AGM were passed with requisite majority. The re-appointment of Ashwin Moodliar as Managing Director received overwhelming support, with 99.9978% of votes cast in favor of the resolution.

The decisions made at this AGM reflect International Travel House Limited's commitment to strong corporate governance and strategic leadership as it continues to navigate the dynamic travel and hospitality industry.

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International Travel House Reports Modest Growth in Q1 FY2026

2 min read     Updated on 10 Jul 2025, 07:51 PM
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Reviewed by
Ashish ThakurBy ScanX News Team
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Overview

International Travel House Limited announced its Q1 FY2026 results, showing slight improvements. Revenue from operations increased by 2.26% to ₹5,700.69 lakhs, while net profit grew by 2.39% to ₹686.99 lakhs. However, EBITDA declined by 3.13% to ₹930.00 lakhs. The company's Board of Directors recommended a final dividend of ₹5.50 per equity share, scheduled the 44th AGM for August 19, 2025, and proposed the re-appointment of Mr. Ashwin Moodliar as Managing Director for two years from February 1, 2026.

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*this image is generated using AI for illustrative purposes only.

International Travel House Limited , a leading player in the travel services industry, has announced its financial results for the first quarter ended June 30, 2025, showing a slight improvement in performance compared to the same period last year.

Financial Highlights

The company reported a marginal increase in its net profit for Q1 FY2026. Here are the key financial highlights:

Particulars (in ₹ Lakhs) Q1 FY2026 Q1 FY2025 % Change
Revenue from Operations 5,700.69 5,574.94 2.26%
Total Income 5,899.53 5,712.54 3.27%
Net Profit 686.99 670.93 2.39%
EBITDA 930.00 960.00 -3.13%
EBITDA Margin 16.38% 17.15% -0.77%

The company's revenue from operations increased by 2.26% to ₹5,700.69 lakhs, up from ₹5,574.94 lakhs in the corresponding quarter of the previous year. The total income, including other income, rose by 3.27% to ₹5,899.53 lakhs.

Net profit for the quarter showed a modest growth of 2.39%, reaching ₹686.99 lakhs compared to ₹670.93 lakhs in Q1 FY2025. However, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a slight decline of 3.13% to ₹930.00 lakhs, with the EBITDA margin contracting by 77 basis points to 16.38%.

Operational Performance

The company, which operates in the 'Travel Related Services' segment, saw an increase in its employee benefits expense and car hire charges, indicating a possible expansion in operations or increased demand for its services. The employee benefits expense rose to ₹1,235.85 lakhs from ₹1,159.09 lakhs in the same quarter last year, while car hire charges increased to ₹2,564.89 lakhs from ₹2,455.83 lakhs.

Corporate Developments

In addition to the financial results, International Travel House's Board of Directors made several key decisions in their meeting held on July 10, 2025:

  1. The 44th Annual General Meeting (AGM) of the company is scheduled for August 19, 2025, to be conducted through video conferencing.

  2. A final dividend of ₹5.50 per equity share of ₹10 each for the financial year ended March 31, 2025, has been recommended. The record date for dividend entitlement is set as August 1, 2025.

  3. The Board has recommended the appointment of Messrs. Mehta & Mehta as the Secretarial Auditors of the company for a period of five consecutive financial years starting from FY 2025-26.

  4. Mr. Ashwin Moodliar (DIN: 08205036) has been recommended for re-appointment as the Managing Director for a period of two years, effective from February 1, 2026, subject to shareholder approval.

These developments indicate the company's focus on maintaining corporate governance standards and planning for future leadership.

The modest growth in revenue and profit, despite a slight decline in EBITDA, suggests that International Travel House is navigating through a challenging business environment while maintaining its operational efficiency. The company's performance in the coming quarters will be crucial in determining the trajectory of its growth for the fiscal year 2025-26.

Historical Stock Returns for International Travel House

1 Day5 Days1 Month6 Months1 Year5 Years
+1.96%+0.13%+0.17%+11.70%-27.93%+861.37%
International Travel House
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