The Indian Hotels Company Reports Robust FY26 Financial Results; Recommends ₹3.25 Per Share Dividend

The Indian Hotels Company Limited's Board of Directors, at their meeting held on May 11, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Statutory auditors BSR & Co. LLP issued an unmodified opinion on both the standalone and consolidated financial statements. The results were reviewed by the Audit and Compliance Committee prior to board approval. The board meeting commenced at 2:30 p.m. IST and concluded at 4:15 p.m. IST.

Standalone Financial Performance

On a standalone basis, the company delivered a strong performance for FY26. Revenue from operations grew to ₹537955 lakhs from ₹491654 lakhs in the previous year. Total income for the full year reached ₹564016 lakhs compared to ₹514509 lakhs in FY25. Profit after tax for the year stood at ₹201194 lakhs, up from ₹141323 lakhs in the prior year. The following table summarises key standalone financial metrics:

Metric: Year Ended 31.03.2026 Year Ended 31.03.2025 Revenue from Operations (₹ lakhs): 537955 491654 Other Income (₹ lakhs): 26061 22855 Total Income (₹ lakhs): 564016 514509 Total Expenses (₹ lakhs): 347440 324182 Profit Before Exceptional Items and Tax (₹ lakhs): 216576 190327 Profit After Tax (₹ lakhs): 201194 141323 Basic and Diluted EPS (₹): 14.13 9.93

For the quarter ended March 31, 2026, standalone revenue from operations was ₹166063 lakhs against ₹147633 lakhs in the corresponding quarter of the previous year. Profit after tax for the quarter was ₹55764 lakhs compared to ₹48120 lakhs in Q4 FY25. Basic and diluted earnings per share (not annualised) for Q4 FY26 stood at ₹3.91 versus ₹3.38 in Q4 FY25.

Consolidated Financial Performance

On a consolidated basis, the company reported revenue from operations of ₹968922 lakhs for FY26, compared to ₹833454 lakhs in FY25. Total income for the year reached ₹997143 lakhs against ₹856500 lakhs in the prior year. Net profit for the period attributable to owners of the company was ₹208438 lakhs, while total profit for the period stood at ₹224725 lakhs compared to ₹203809 lakhs in FY25. The table below presents key consolidated financial highlights:

Metric: Year Ended 31.03.2026 Year Ended 31.03.2025 Revenue from Operations (₹ lakhs): 968922 833454 Total Income (₹ lakhs): 997143 856500 Total Expenses (₹ lakhs): 732108 629175 Profit Before Exceptional Items and Tax (₹ lakhs): 265035 227325 Profit for the Period (₹ lakhs): 224725 203809 Profit Attributable to Owners (₹ lakhs): 208438 190759 Basic and Diluted EPS (₹): 14.64 13.40

For Q4 FY26, consolidated revenue from operations was ₹276529 lakhs versus ₹242514 lakhs in Q4 FY25. Net profit for the quarter stood at ₹64543 lakhs compared to ₹56266 lakhs in the year-ago period. Basic and diluted EPS (not annualised) for Q4 FY26 was ₹4.21 against ₹3.67 in Q4 FY25.

Segment-Wise Performance

The consolidated results are reported across two business segments: Hotel Services and Air and Institutional Catering. The Air and Institutional Catering segment information is provided from the date of business combination, i.e., July 23, 2024, and accordingly segment results are not fully comparable with previous periods.

Segment: Year Ended 31.03.2026 (₹ lakhs) Year Ended 31.03.2025 (₹ lakhs) Hotel Services Revenue: 848663 762324 Air and Institutional Catering Revenue: 121012 71641 Hotel Services Results: 241921 211788 Air and Institutional Catering Results: 23114 15537 Total Segment Assets: 2029698 1770393 Total Segment Liabilities: 535766 528832

Exceptional Items and Key Corporate Developments

Exceptional items during FY26 included a profit of ₹55012 lakhs (standalone) and ₹39883 lakhs (consolidated) on the sale of the company's entire equity stake of 1,60,00,400 equity shares representing 25.52% of the shareholding in Taj GVK Hotels & Resorts Limited, executed through a Sale and Purchase Agreement on December 19, 2025 at ₹370 per share. Other exceptional items included key money for securing long-term management contracts of ₹(2950) lakhs, provision for contingencies of ₹(2500) lakhs, impact on account of new Labour Codes of ₹(4351) lakhs (standalone) and ₹(5017) lakhs (consolidated), and property tax paid under an amnesty scheme of ₹(1865) lakhs.

During the year, the company expanded its portfolio through strategic acquisitions:

ANK Hotels Private Limited and Pride Hospitality Private Limited: On December 1, 2025, Roots Corporation Limited (RCL), a wholly-owned subsidiary, acquired 51% stake in both entities for a total cash consideration of ₹19047 lakhs (ANK: ₹10929 lakhs; Pride: ₹8118 lakhs). Both entities became step-down subsidiaries of the company. Goodwill recognised was ₹14501 lakhs for ANK and ₹7575 lakhs for Pride.

Sparsh Infratech Private Limited (SIPL): On January 16, 2026, the company acquired 51% stake in SIPL, which owns and operates the 'Atmantan' health and wellness resort at Mulshi, Maharashtra, along with Brahma Foundation Trust for a total cash consideration of ₹23221 lakhs at ₹380 per share. Goodwill recognised was ₹14242 lakhs.

Dividend Recommendation

The Board of Directors recommended a dividend of ₹3.25 per equity share of ₹1 each fully paid up (325%), compared to ₹2.25 per equity share (225%) in the previous year. The dividend is subject to approval by members at the forthcoming Annual General Meeting and, if approved, will be paid within five days from the date of the AGM after deduction of applicable tax at source. The paid-up equity share capital of the company stands at ₹14234 lakhs (face value ₹1 per share).

The Indian Hotels Company Limited , a Tata Enterprise operating under the CIN L74999MH1902PLC000183, has issued a formal regulatory notice to shareholders whose dividends have remained unclaimed for seven or more consecutive years. In compliance with Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the company has also filed a disclosure with BSE Limited and the National Stock Exchange of India Limited on May 9, 2026, pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice, dated May 8, 2026, was published in Financial Express (English) and Loksatta (Marathi) newspapers, and individual reminder letters have been dispatched to all concerned shareholders at their registered addresses.

Unclaimed Dividends Subject to IEPF Transfer

The notice pertains to shareholders who have not encashed or claimed their dividend warrants for seven consecutive years commencing from the unpaid dividend for FY 2018-19. The following financial years' final dividends are covered under this notice:

Dividend Period: Status Final Dividend for FY 2018-2019 Unclaimed Final Dividend for FY 2019-2020 Unclaimed Final Dividend for FY 2020-2021 Unclaimed Final Dividend for FY 2021-2022 Unclaimed Final Dividend for FY 2022-2023 Unclaimed Final Dividend for FY 2023-2024 Unclaimed Final Dividend for FY 2024-2025 Unclaimed

The company has noted that unclaimed dividends prior to the years mentioned above have already been transferred to the IEPF, as required under Section 124(5) of the Companies Act, 2013.

Deadline and Consequences of Non-Action

Shareholders are urged to claim their unpaid dividends on or before July 26, 2026. In the event dividends remain unclaimed beyond this date, the company will initiate the transfer of the unclaimed dividend for FY 2018-19 and the corresponding equity shares — in respect of which dividends have remained unpaid or unclaimed for seven consecutive years — to the Demat Account of the IEPF Authority, without any further notice to shareholders. The transfer process will differ based on the form in which shares are held:

Physical form: New share certificate(s) will be issued and transferred in favour of the IEPF Authority upon completion of necessary formalities. The original share certificate(s) registered in the name of the shareholder will be deemed cancelled and non-negotiable.

Dematerialized form: The company will inform the Depositories to execute the corporate action, debiting shares from the shareholder's demat account and transferring them to the IEPF Authority.

It has also been noted that all further benefits arising on equity shares transferred to IEPF will be issued or transferred in favour of the IEPF Authority. As per SEBI norms, outstanding payments for shares held in physical form will be credited directly to the bank account only if the folio is KYC compliant.

How Shareholders Can Reclaim Transferred Assets

Shareholders whose unclaimed dividends and equity shares have been transferred to IEPF may reclaim them by submitting an online application in the prescribed e-form IEPF-5, available on the IEPF website at www.iepf.gov.in . The physical copy of the e-form, along with the submission acknowledgement/challan and other requisite documents, must be sent to the Nodal Officer of the company. The link to e-form IEPF-5 is also available on the company's website at www.ihcltata.com .

Contact Details for Shareholder Queries

Shareholders with queries regarding the IEPF transfer process may contact either the company or its Registrar and Transfer Agent (RTA) as detailed below:

Contact: Details Company – Nodal Officer: The Indian Hotels Company Limited, 9th Floor, Express Towers, Barrister Rajni Patel Marg, Nariman Point, Mumbai, Maharashtra 400 021 Email (Company): investorrelations@tajhotels.com Tel (Company): +91-22-61371637 RTA: MUFG Intime India Private Limited (Formerly Link Intime India Private Limited), C-101, 247 Park, LBS Marg, Vikhroli (West), Mumbai - 400083 Email (RTA): iepf.shares@in.mpms.mufg.com Tel (RTA): +91 8108116767

When contacting the RTA, shareholders are requested to provide their name, Folio No. or DP and Client ID, contact number, and email ID, along with self-attested KYC documents including PAN, a cancelled cheque leaf, and the latest utility bill as address proof. The relevant details of concerned shareholders are available on the company's website at https://www.ihcltata.com/investors/ . The notice has been signed by Melisa Alva (ACS 34774), Senior Vice President and Company Secretary, for and on behalf of The Indian Hotels Company Limited.

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