Acquisition

26th October, 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, Incorporation of Wholly Owned Subsidiary We write to advise that the Board of Directors of the Company, at the meeting held today, i.e., 26th October, 2026, has approved the incorporation of a wholly owned subsidiary of the Company in Dubai, United Arab Emirates, subject to receipt of the necessary regulatory approvals. The details, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular dated 30th January, 2026, are provided in the Annexure. The Board Meeting commenced at 12:35 p.m. and concluded at 1:20 p.m. Yours faithfully ITC Hotels Limited Diwaker Dinesh Company Secretary Encl.: As above Annexure Sl. Particulars Disclosures 1 To be incorporated in Dubai, United Arab Emirates Name of the entity, date & (‘Proposed Entity’), subject to receipt of the necessary country of incorporation, etc. regulatory approvals. 2 Name of holding company of The Proposed Entity will be incorporated as a wholly owned the incorporated company subsidiary of ITC Hotels Limited (‘ITCHL’). and relation with the listed entity 3 Industry to which the entity Hotels and Hospitality. being incorporated belongs 4 Brief background about the To be engaged in the business of operating hotels and entity incorporated in terms restaurants, and other related activities. of products / line of business 5 Brief details of any Necessary approvals for the incorporation of the governmental or regulatory Proposed Entity will be obtained from the concerned regulatory authorities in Dubai. approvals required for the incorporation 6 Nature of consideration - Upon incorporation of the Proposed Entity, ITCHL shall whether cash consideration subscribe 100% of its share capital at face value, for an amount not exceeding ₹ 20 crores, to be infused in tranches. or share swap and details of the same; Cost of subscription / price at which the shares are subscribed; Percentage of shareholding / control by the listed entity and / or number of shares allotted