ITC Hotels Limited has informed the Exchange regarding 'Recommendation for Appointment of Director'.
ITCHOTELS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ITC Hotels Limited reported strong full-year FY2026 results with consolidated revenue from operations of ₹4,139.40 Crores (up 16.3% YoY) and consolidated profit after tax of ₹821.26 Crores (up 28.8% YoY). The Board recommended a first-ever final dividend of ₹1 per equity share (total outflow ₹208.30 Crores) subject to shareholder approval at the 3rd AGM on 6th August 2026. Additionally, the Board recommended appointment of Mr. Ramakrishnan Chander as a Non-Executive Director for three years from the date of AGM; he will represent Life Insurance Corporation of India on the board. This is the company's first full year of results following the demerger of the hotels business from ITC Limited effective January 2025.
The strong financial performance and first dividend recommendation are positive signals for shareholders. The appointment of a LIC nominee director adds institutional representation to the board but does not trigger any governance red flags.