Notice of Postal Ballot through Electronic Voting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
International Travel House Ltd has issued a postal ballot notice seeking shareholder approval through e-voting (March 1–30, 2026; results on March 31, 2026) for five resolutions. The first seeks approval to revise the remuneration of Managing Director Ashwin Moodliar (on deputation from ITC Hotels) effective October 1, 2025, with a basic salary of ₹4.15 lakh/month, consolidated allowances of ₹4.43 lakh/month, performance bonus up to ₹45.7 lakh, and business-linked incentives up to ₹54 lakh. The second resolution proposes re-appointment of Independent Director Vrinda Sarup for another five-year term from June 29, 2026. The remaining three resolutions seek approval for material related party transactions for FY 2026-27: ₹14,225 lakhs with ITC Limited (the promoter), ₹3,400 lakhs with ITC Hotels Limited (which holds 48.96% stake), and ₹4,250 lakhs with ITC Infotech India Limited. FY 2024-25 revenue stood at ₹23,563 lakhs with profit after tax of ₹2,715 lakhs, and the nine months ended December 2025 saw revenue of ₹17,460 lakhs impacted by a ₹589 lakh one-time labour code provision.
These are largely routine governance items for an ITC group company. The combined proposed RPTs (~₹21,875 lakhs for FY27) are significant relative to turnover and underscore the company's heavy dependence on ITC group entities for business. Shareholders should review the MD pay hike and RPT limits, but since ITC group controls the promoter shareholding, approval is largely procedural and unlikely to materially affect minority shareholders or the stock price.