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 Ltd reported strong annual results for FY2026. Standalone profit after tax was Rs 829.26 crore, up 18.7% from Rs 698.41 crore in the previous year. Consolidated profit after tax stood at Rs 821.26 crore. Total consolidated income was Rs 4,331.34 crore. The Board recommended a final dividend of Rs 1 per share (Rs 208.30 crore total outflow), marking the company's first dividend payout. The Board also recommended appointment of Mr. Ramakrishnan Chander (DIN: 11331783) as Non-Executive Director for 3 years from the date of AGM; he will represent Life Insurance Corporation of India (LIC). The AGM is scheduled for August 6, 2026, with record date for dividend set at May 21, 2026.
Positive results with profit growth and first dividend signal financial strength. The new director appointment adds an institutional representative to the board, which could bring more governance stability given LIC's large stake.