Shareholders meeting

11th July, 2026 The Manager The General Manager Listing Department Dept. of Corporate Services National Stock Exchange of India Ltd. BSE Ltd. Exchange Plaza P. J. Towers Plot No. C-1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East) Mumbai 400 051 Dear Sirs, Report and Accounts for the financial year ended 31st March, 2026 Further to our letter dated 15th May, 2026, we hereby enclose, in terms of Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Report and Accounts of the Company for the financial year ended 31st March, 2026 together with the Notice dated 15th May, 2026 convening the 3rd Annual General Meeting of the Company on 6th August, 2026. Yours faithfully ITC Hotels Limited Diwaker Dinesh Company Secretary Encl.: as above BEST LUXURY HOTEL CHAIN IN INDIA FOR 9 CONSECUTIVE YEARS BY TRAVEL + LEISURE – ‘INDIA’S BEST AWARDS’ REPORT AND ACCOUNTS 2026 CCOOVVEERR NNEEWW..iinndddd 11 0066--JJuull--2266 44::2211::2266 PPMM 6MM SHIFT LEFT SIDE 6MM SHIFT RIGHT SIDE FY 2025 - 26 At a ₹4,331 150+ 14,200+ OPERATIONAL OPERATIONAL glance TOTAL INCOME HOTELS KEYS ₹4,139 ₹1,424 34% 23 12 12 Cr Cr REVENUE FROM EBITDA EBITDA LEED PLATINUM® LEED® ZERO LEED® ZERO OPERATIONS MARGIN HOTELS CARBON HOTELS WATER HOTELS ₹1,203^ ₹821 Cr Cr 63 29 PROFIT BEFORE PROFIT AFTER HOTEL SIGNINGS HOTEL OPENINGS IN TAX TAX IN LAST 24 LAST 24 MONTHS MONTHS Status as at 31st March 2026 ITC Grand Goa ^Before Exceptional Items Consolidated Financials ITC Hotels Limited • Report and Accounts 2026 | 1 Contents Contents are hyper-linked to the relevant pages of the report. Topic Number ITC Hotels Limited: 50 Glorious years 4-68 Board of Directors and Committees 69 Your Directors 70 Report on Corporate Governance 77 (Including Shareholder Information) Report of the Board of Directors & Management 103 Discussion and Analysis CEO and CFO Compliance Certificate 134 Standalone Financial Statements Balance Sheet 136 Statement of Profit and Loss 137 Statement of Changes in Equity 138 Statement of Cash Flows 140 Notes to the Financial Statements 142 Independent Auditor’s Report 190 Guide to Subsidiaries, Joint Ventures and Associates 199 Salient Features of the Financial Statements 201 of Subsidiaries, Joint Ventures and Associates (Form AOC-1) Consolidated Financial Statements 203 ITC Kohenur, Hyderabad 2 | ITC Hotels Limited • Report and Accounts 2026 ITC Hotels Limited • Report and Accounts 2026 | 3 T he legacy of 50 glorious years an upper‑upscale brand catering to of the business of Hotels larger hotels with enhanced services reflects a sustained journey of and contemporary cuisine options scale, strategic intent and leadership Food and beverage segment within the hospitality sector. Since represents a long‑standing source of 1975, the Company has progressively differentiation for ITC Hotels Limited. influenced the development of India’s The Company has developed several luxury and responsible hospitality established culinary brands, including Built on legacy space, establishing a reputation built created for tomorrow Bukhara, Dum Pukht, Royal Vega, on operational discipline, service Avartana, Peshawri, Yi Jing, Ottimo consistency, culinary capability and and Pavilion. These brands reflect environmental stewardship. consistent investment in culinary The Company has expanded over five expertise, mindful sourcing and process excellence. decades into a multi‑location hospitality enterprise with operations across India, In the wellness domain, Kaya Kalp, Sri Lanka and Nepal. Today, the portfolio embodies the Company’s integrated comprises over 150 hotels with more approach to guest wellbeing. than 14,200 keys. This expansion has Sustainability considerations continue been supported by a clearly articulated to be embedded across operations, philosophy of ‘Responsible Luxury’, supported by the Company’s under which growth has been pursued distinction of holding the highest alongside efficiency, sustainability number of LEED Platinum® certified considerations and long‑term hotels globally. stakeholder value creation. As ITC Hotels Limited progresses, it Today, ITC Hotels Limited operates remains focused on an Asset-Right through seven brand platforms, each operating model, with expansion developed to address distinct traveller primarily routed through management segments and market opportunities. contracts and partnerships in identified growth markets. Ongoing The Company’s brand portfolio includes emphasis on process improvement, ITC Hotels and Mementos in the luxury digital enablement and operational segment; Welcomhotel in the upper‑ efficiency will continue to support upscale to upscale category; Storii consistent performance and margin in the boutique space; and Fortune resilience. Collectively, these priorities Hotels and WelcomHeritage serving position the Company to strengthen the midscale ‑ upscale, and heritage its market presence and sustain segments. The newest addition to the long‑term value generation. portfolio is the Epiq Collection, ITC Windsor, Bengaluru 4 | ITC Hotels Limited • Report and Accounts 2026 ITC Hotels Limited • Report and Accounts 2026 | 5 Core Values WARMTH We place our stakeholders at the center of every decision, striving to create heartfelt moments with our signature warmth in each interaction. INNOVATION We endeavour to pioneer a culture of innovation & excellence in the hospitality industry, elevating experiences by integrating creative solutions and Inspired by Namaste, the identity of ITC Hotels Limited advanced technology with a human touch. stands for togetherness and connection, reflecting strength and harmony. | SUSTAINABLE It is also reflective of the essential welcoming gesture, RESPONSIBILITY communicating unity and progress with responsibility. We are committed to inclusivity and sustainable action that positively impacts our planet, community and society, driving long‑term value. Vision ETHICAL LEADERSHIP We build trust through integrity, accountability and responsible stewardship in all our actions. ITC Hotels Limited aims to be a leader in Indian hospitality, celebrated for service, cuisine excellence and embodying Responsible Luxury. Our aspiration to deliver competitively superior returns and quality | RESPECT FOR is driven by customer-centricity, high performance and unwavering PEOPLE commitment to sustainability. Deeply rooted to the soil of the We care deeply, ensuring mutual respect in nation, we will take meaningful strides to realise the economic every relationship, treating our colleagues potential of travel and tourism. and partners with empathy, compassion and humility. 6 | ITC Hotels Limited • Report and Accounts 2026 ITC Hotels Limited • Report and Accounts 2026 | 7 Our Journey From modest beginnings in 1975 with the first hotel, the Hotels business has grown into one of India’s premier hospitality brands, renowned for its blend of indigenous luxury and responsible practices. With over 150 hotels in 95+ destinations and 7 distinctive brands, the chain offers iconic architecture, authentic culinary experiences, category‑leading sustainability initiatives amongst many other facets. 1970’s 1980’s 1990’s 2000’s 2010’s 2020’s Q 1975 Q 1982 Q 1992 Q 2000 Q 2010 Q 2021 Welcomhotel Chennai ITC Windsor, Bengaluru • ITC Rajputana, Jaipur Sheraton New Delhi All ITC Luxury Hotels Welcomhotel get LEED Platinum Bhubaneswar Q 1976 Q 1983 • Welcomhotel Vadodara Q 2001 Certification • ITC Mughal, Agra Welcomhotel Bay Island Q 1995 ITC Maratha, Mumbai Q 2012 0 W2 e2 l comhotel Guntur • Hospitality Management Q 1986 Launch of Fortune Hotels Q 2002 ITC Grand Chola, Chennai Institute Establishment of ITC Sonar, Kolkata • Launch of Storii by ITC WGSHA (Welcomgroup Q 1996 Q 2014 Hotels Q 1977 ITC Kakatiya, Hyderabad Q 2004 • ITC Grand Bharat, ITC Maurya, New Delhi Graduate School of Hotel ITC Grand Central, Gurugram • ITC Narmada, Administration), Manipal Q 1997 Mumbai Ahmed [Showing first 8,000 characters — download PDF for full document]