Outcome of Board Meeting

Date: 10.08.2026 SEC: COORD: 134 Listing Department, Department of Corporate Services National Stock Exchange of India Limited BSE Limited, Exchange Plaza, C-1 (G Block) P.J. Towers, Bandra Kurla Complex, Dalal Street Bandra, Mumbai - 400 051. Mumbai- 400 001 िस्कर्प कोड / Scrip Symbol ITDC (EQ) िस्कर्प कोड / Scrip Symbol 532189 िवषय/Sub: Outcome of Board Meeting and Submission of Un-audited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026 Sir / Madam, Enclosed herewith please find the Un-audited Financial Results (Standalone and Consolidated) in the prescribed format under Regulation 33 of SEBI (LODR) Regulation 2015 along with Auditors Report thereon (Standalone and Consolidated) for the quarter ended June 30, 2026. The results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on Monday, the 10th day of August, 2026. Meeting Start Time : 1600 hours Meeting concluding time : 1830 hours Thanking you/ धन्यवाद Company Secretary / कंपनी सिचव '//DSG & Associates Tel. : + 91-11-35019924 CHARTERED ACCOUNTANTS + 91-11-35019925 + 91-11-35019926 Independent Auditor's Limited Review Report on Unaudited Standalone Financial Results for the Quarter ended June 30, 2026 of India Tourism Development Corporation Limited Pursuant to the regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors India Tourism Development Corporation Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of India Tourism Development Corporation Limited ("the Company") for the Quarter ended June 30, 2026 together with the notes thereon (hereinafter referred to as "the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Regulation') as amended. 2. This Statement which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34), prescribed under section 133 of the Companies Act, 2013 as amended read with relevant rules issued there under, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to issue a repo1t on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company perso1mel and analytical procedmes applied to financial data and thus provide less assurance than an audit. We have not perfonned an audit and accordingly, we do not express an audit opinion. E-21, Ba~ment, Jangpura Ext., New Delhi -110014, -(INDIA) E-mail: hdsg@hdsgindia.com, hsg@hdsgindia.com Website: www.hdsgindia.com 4. Based on our review conducted and procedures perforn1ed as stated in Para 3 above and based with the exception of the matter described in paragraph 5 and 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the applicable Indian Accounting Standards (IND AS) prescribed u/ s 133 of the Companies Act, 2013 as amended read with relevant rules issued there under and other recognised accounting practices and policies generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations 33 of the SEBI (Listing Obligation and Disclosure Requirements ) Regulations , 2015 as amended , including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. Emphasis of Matter (a) Revenue from the license fee The Company has not generated Invoices for the license fees on licensees at Ashok Hotel, Samrat Hotel, and Taj Restaurant to the extent of Rs. 1,292.59 lakhs during the financial year 2020-21, because the same had been disputed by the licensees on account of Covid-19 pandemic. The matter is reportedly under consideration by the Board of Directors of the Company. (b) Assessment of receivables/ payables In respect of amounts recoverable from Trade Receivables, Deposits, Suppliers/ Vendors, Employees, etc., and likewise payable to Trade Creditors, Deposits, Government Depa1iments, etc., multiple confirmation letters were sent by the Company during the quarter ( online/ post). In response to the same, no confirmation has been received. Pending receipt of the same possible effect on financial statements, if any, continues to be indeterminate. (c) Property, plants, and Equipment (PPE)- Loss/shortage The records of Property, Plant, and Equipment are not properly maintained and updated at various units; however, they are not fully reconciled with the books of accounts. The impact of loss/ shortage/ scrapped assets, if any, due to non-maintenance of proper records at various units in the system continued to be indeterminate. ( d) Unlinked receipts Unlinked Receipts of Rs. 284.41 lakhs on account of receipts from debtors against billing by the Company which could not be matched with corresponding receivables is appearing as liabilities "Advances from Customers" in the balance sheet. To that extent, trade receivables and current liabilities are overstated. Pending reconciliations, the impact thereof on the financial results is not ascertainable and quantifiable. (e) TDS Receivables/ Income tax assessments Efforts made for the reconciliation of TDS receivables of earlier years between the books of accounts, 26AS, and amounts claimed in Income Tax Returns by the Company are still continuing. The full impact thereof if any on the financial results continues to be indeterminate. (f) Dues recoverable from DDA by Ashok Consultancy & Engineering Services (Unit- --o-f ITDC Ltd.) . & Ass .0 o". MoU was signed between ITDC and ODA, as a special business dealing for furnishing D ~-· .. ,, with furniture and fixtures during Commonwealth Games 2010 (CWG). Litigations were N. iarn, .,,, the vendors/ parties engaged by ITDC (for the supply of furniture & fixtures), due to non-r & ;?/, t:'<!J~LHI ~'11/J their ordered Items by ODA. Subsequent payments were made by the Company to vendors · · .tc~✓. the Court Orders from time to time. The recovery proceedings against DOA were initiated by t e Company as per the MoU. Thereafter, the matter had gone in dispute with DDA, and further referred to Administrative Mechanism for Resolution of CPSE's Disputes (AMRCD). An amount of Rs. 989.57 lakhs are still due from DDA for more than 3 years for which no provision stands in the books of accounts, as the management is hopeful of recovery of the amount involved. (g) Property tax There is a dispute regarding the assessment of property tax raised by NDMC for The Ashok Hotel, Samrat Hotel & Janpath Hotel. The order was challenged by !TDC by filing a writ petition with the Hon'ble High Court of Delhi, which was heard on September 25, 2020. NDMC issued demand cum attachment notices from time to time which all are challenged by !TDC before the Hon'ble High Court of Delhi and hearings took place before the Hon'ble High Court of Delhi. As per latest court hearing on December 18, 2024, the Hon'ble High Court of Delhi had directed that both the parties should make an attempt to resolve the dispute amicably, consequently the company has again submitted the proposal on dated March 10, 2025. Based on this proposal, a property tax liabilit [Showing first 8,000 characters — download PDF for full document]