ITDC Seeks Waiver from SEBI Penalties Over Board Composition Non-Compliance
ITDC Limited has communicated with BSE regarding penalties imposed under SEBI LODR Regulations for insufficient independent directors on its board. The company's board meeting on December 16, 2025, addressed the non-compliance issues and decided to seek penalty waiver, arguing that director appointments are the Government of India's responsibility through the Administrative Ministry.
30May 25
ITDC Reports Strong Q4 Performance with Revenue and Profit Growth, Declares Dividend
India Tourism Development Corporation (ITDC) announced strong Q4 results with revenue increasing 42.14% to ₹1.99 billion and net profit more than doubling to ₹255.00 million. EBITDA rose 28.80% to ₹322.00 million, though EBITDA margin slightly decreased to 16.20%. The company declared a dividend of ₹2.90 per share.
05Mar 25
ITDC Board to Deliberate on Ashok Hotel Asset Monetization
India Tourism Development Corporation (ITDC) has scheduled a board meeting on March 11, 2025, to discuss the potential asset monetization of the Ashok Hotel in New Delhi. The meeting will include a consultant's presentation on the matter. ITDC has closed the trading window for designated persons and insiders from March 4 to March 13, 2025, or 48 hours after the board's decision announcement, whichever is later. This strategic move could significantly impact ITDC's financial strategy and operations, potentially signaling a shift in the company's asset management approach.
04Mar 25
ITDC to Discuss Asset Monetization of Iconic Ashok Hotel in Upcoming Board Meeting
India Tourism Development Corporation (ITDC) has scheduled a board meeting on March 11, 2025, to discuss potential asset monetization of the Ashok Hotel. The meeting will include a presentation from M/s Feedback Infra Pvt. Ltd., the consultant for the project. ITDC has implemented a trading window closure for designated persons from March 4 to March 13, 2025, extendable up to 48 hours after the board's decision announcement.