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6th August, 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, Address by the Chairman at the 3rd Annual General Meeting of the Company We enclose a copy of the address delivered by the Chairman at the 3rd Annual General Meeting of the Company held today. Yours faithfully ITC Hotels Limited Diwaker Dinesh Company Secretary Encl.: As above. Annual 3rd 6th August General 2026 Meeting Address by Shri Sanjiv Puri, Chairman, ITC Hotels Limited 3rd Annual General Meeting ITC Hotels Limited August 06, 2026 It is indeed a privilege to welcome you to the 3rd Annual General Meeting of your Company. This year marks a defining milestone in the journey of ITC Hotels as we celebrate 50 glorious years of shaping an iconic hospitality institution - Indian in soul, global in excellence and purposeful by design. Inspired by the timeless spirit of Atithi Devo Bhava, we have nurtured an enduring culture of warmth, intuitive care and gracious service over the years, making it your Company’s hallmark across its vibrant portfolio. India’s architectural splendour and culinary legacy find expression in many of the distinctive ITC Hotels, highlighting the glory of our nation to discerning guests from within and abroad. Guided by our philosophy of ‘Responsible Luxury’, we have also demonstrated that world-class hospitality can flourish in harmony with sustainability and inclusive growth. As we embark on an even more momentous future, we do so with humility and pride. For five decades, ITC Hotels has welcomed generations of guests, celebrated the finest expressions of India and built an enduring institution of trust and excellence. Its greatest legacy lies not only in its unique offerings, but also in the place it has earned in the hearts of its guests. India’s Resurgence: Transforming Tourism into a Strategic Growth Engine The world is today witnessing a structural reset as volatility compounds and stability becomes more elusive. The crisis in West Asia continues to impact energy security, trade and travel, even as climate change intensifies, calling for new strategies to reimagine growth and competitiveness. Yet, global hospitality has demonstrated remarkable resilience. In 2025, demand remained robust, with over 4 million international overnight arrivals every day. Growing faster than the global economy at over 4%, travel and tourism reaffirmed its role as a powerful engine of growth. India’s impressive growth trajectory, inspired by Hon’ble Prime Minister’s vision and the Government’s progressive policies have transformed the nation into the world’s fastest-growing major economy. Sustained public investment in infrastructure has propelled the expansion of road, rail and air networks enabling connectivity at scale. As distances shrink and several destinations open up, new opportunities are unfolding across the travel and hospitality sector. India’s young, aspirational population, rising incomes and rapid urbanisation are creating a new generation of experience-led travellers seeking richer and more distinctive journeys. A welcome trend has been the surge in domestic tourism to over 4 billion domestic visits, significantly up from the pre- pandemic level of around 2.3 billion. Domestic visitor spending is expected to nearly double, from Rs 19 trillion in 2026 to Rs 36.5 trillion by 2036, highlighting the immense potential ahead. This continued momentum in domestic travel is transforming Indian hospitality from a cyclical opportunity to a strategic growth engine. As India ascends on the global stage, the tourism economy will scale new horizons and trigger a virtuous cycle of consumption, investment and employment. Key Drivers Unleashing the Tourism Potential There are few countries in the world which are blessed with such a rich and diverse tourism landscape from the mountains to the sea, from heritage to the modern, from nature to culture, among many others. India’s 45 UNESCO World Heritage Sites also reflect the diversity of experiences that our country has to offer. India accounts for less than 1.5% of global international tourist arrivals, of which almost 55% are NRI arrivals. Given the extremely rich tapestry of destinations, it is imperative that pathways are crafted to achieve the country’s aspiration to move from tourism potential to tourism leadership, ITC Hotels AGM 2026 Aug 6, 2026 1 attracting 100 million inbound visitors by 2047. Successive Budgets have advanced this agenda towards developing 50 world-class tourist destinations in partnership with States. The sheer diversity of experiences India offers is unparalleled. The ‘Wed In India’ vision is more than destination weddings, which today form the world’s largest private celebrations, -- it brings alive India’s traditions, cultures, cuisines even as it makes enduring memories. Spiritual and religious tourism have gone beyond pilgrimage to combine faith, heritage, mindfulness and cultural discovery as ‘Soul Trails’ define the journey within, rather than only to a destination. ‘Heal in India’ draws not only on professional medical expertise and modern technology but also encompasses India’s civilisational strengths in Ayurveda, Yoga, meditation and naturopathy traversing a journey from cure to care, and from recovery to renewal. A new category that blends passion with energy-packed performances attracting both GenZ and the young-at-heart are the concerts, sporting events, festivals and cultural performances that form the ‘Eventscape economy’ – aided by great infrastructure, rich cultural diversity and distinctive regional festivals. ‘Meet in India’ leverages the global attention on the Indian economy and its capabilities with high-powered business events, delegations, MICE and others supported by world- class infrastructure such as the Bharat Mandapam and Yashobhoomi. The possibilities are as limitless as the experiences India offers, each with the promise of creating unforgettable moments. Travel & Tourism are powerful drivers of economic growth and contribute significantly to regional development. It is a large employment multiplier with opportunities that span across hospitality, restaurants, travel & logistics, digital platforms and on-ground support with qualified tour guides, among others. It is estimated that by 2036, the travel & tourism sector will contribute to 7% of India’s GDP and 13% of employment, adding over 15 million additional jobs. To my mind, this impact could be even higher, given the enormous opportunities and headroom for growth. The mosaic of experiences and unique locations that the country possesses indeed present an exceptional opportunity today to make India one of the world’s most preferred tourism destinations. As a committed Indian hospitality Group, this is the aspiration that powers our ambition and provides the wind beneath our sails to achieve our shared goal of a Viksit Bharat. Against this backdrop, I now turn to your Company’s performance and the key pillars shaping the journey ahead. Responsible Luxury: Performance with Purpose Over the years, your Company has established a significant and growing hospitality footprint, with around 150 operating hotels and more than 14,200 keys across India, Sri Lanka and Nepal. For the year under review, your Company’s Total Income grew 19% to over ₹4,331 crore and PAT by 29%. This strong performance reflects disciplined execution, smart revenue management and operational excellence focused on superior guest experiences. Over the past 24 months, your Company signed 63 hotels and opened 29 properties, reaffirming the strength of our Asset-Right strategy in delivering accelerated growth and profitability. Every chapter of our journey continues to be shaped by the philosophy of Responsible Luxury. We believe that the finest [Showing first 8,000 characters — download PDF for full document]