Acquisition

16th 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, Acquisition of Shares – GHK Hospitality & Infrastructures Limited We write to advise that, pursuant to approval of the Board of Directors of the Company at the meeting held today, i.e., 16th July, 2026, the Company has executed the ‘Share Purchase and Share Subscription Agreement’ for acquisition of 100% of the share capital of GHK Hospitality & Infrastructures Limited. 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 1:20 p.m. and concluded at 1:55 p.m. Yours faithfully ITC Hotels Limited Diwaker Dinesh Company Secretary Encl.: As above Annexure Sl. Particulars Disclosures 1. Name of the target entity GHK Hospitality & Infrastructures Limited (‘GHK’). 2. Whether the acquisition would No fall within related party transaction(s)? Whether the promoter / No promoter group / group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at ‘arms length’ 3. Industry to which the entity being Hospitality acquired belongs 4. Objects and impact of acquisition The transaction would allow the Company to expand (including but not limited to, its owned asset portfolio in Ahmedabad across all disclosure of reasons for market segments through an established hotel acquisition of target entity, if its (currently operated by the Company under an business is outside the main line Operating Services Agreement). This value-accretive of business of the listed entity) acquisition provides an opportunity to the Company to capitalize on Ahmedabad’s diversified year-round demand. 5. Brief details of any governmental None or regulatory approvals required for the acquisition 6. Indicative time period for The acquisition of shares is expected to be completed completion of the acquisition within Q2 FY’27. 7. Consideration - whether cash Cash consideration or share swap or any other form and details of the same 8. Cost of acquisition and / or the Enterprise value of ₹ 155 crores on a cash-free, price at which the shares are debt-free basis, subject to customary adjustments for acquired acquisition of 100% equity share capital of GHK. The investment in GHK shall be made through primary subscription and secondary purchase of equity shares of GHK. 9. Percentage of shareholding / The Share Purchase and Share Subscription control acquired and / or number Agreement envisages acquisition of 100% equity of shares acquired share capital of GHK. 10. Brief background about the entity GHK is a public limited company having its registered acquired in terms of products / office in Ahmedabad, India. It is engaged in the line of business acquired, date of hospitality business and owns a hotel named, ‘Welcomhotel Ahmedabad’ with 130 keys. incorporation, history of last 3 years turnover, country in which Other details are as follows: the acquired entity has presence and any other significant Products / line of As stated above information (in brief) business acquired Date of 10th May, 2007 incorporation 2025-26 ₹ 35.16 crores Last 3 years’ 2024-25 ₹ 31.23 crores turnover (based on 2023-24 ₹ 25.62 crores audited accounts) India Country in which the acquired entity has presence