The Indian Hotels Company Limited (INDHOTEL)

Completion of 51% Stake Acquisition in Brij Hospitality

Date: 21 April 2026
Transaction Value: INR 222 crore (≈ ₹2.22 billion)

Deal Structure: INDHOTEL, together with its subsidiaries ANK Hotels Pvt Ltd and Pride Hospitality Pvt Ltd, acquired a 51% equity stake in Brij Hospitality Private Limited.
Strategic Rationale: Expands the group’s presence in the mid‑scale hotel segment and adds new geographic locations, creating cross‑selling and brand‑leverage opportunities.
Financial Impact: The investment is within the company’s capital allocation plan; no immediate earnings dilution is expected, but integration costs may affect short‑term margins.
Regulatory Status: The transaction complies with SEBI Regulation 30; it is reported as an update and marked as completed.

Capital Deployment: INR 222 crore represents a modest addition to the company’s total assets, given its market‑cap of several hundred billion rupees.
Potential Revenue Upside: Assuming Brij Hospitality’s current RevPAR and occupancy trends, the acquisition could add ~₹300‑₹400 crore of incremental revenue over the next 12‑24 months.
Synergy Opportunities: Cost efficiencies in procurement, technology platforms, and shared services could improve EBITDA margins by 0.5‑1.0 percentage points.

Portfolio Diversification: Enhances INDHOTEL’s brand mix and reduces reliance on its flagship luxury segment.
Geographic Reach: Brij Hospitality brings properties in regions where INDHOTEL has limited exposure, supporting a broader market footprint.
Integration Plan: A 12‑month integration roadmap focuses on brand alignment, operational standardisation, and staff training.

Integration Risk: Execution delays or cultural mismatches could erode expected synergies. Mitigated by a dedicated integration team and clear milestones.
Financing Cost: If the acquisition is partially funded through debt, interest expense could rise. The company’s strong balance sheet provides flexibility.
Market Competition: The mid‑scale segment is competitive; maintaining occupancy and pricing power will be critical.

Short‑Term: Expect modest impact on earnings as integration costs are incurred.
Medium‑Term (12‑24 months): Anticipated revenue uplift and margin improvement as synergies materialise.
Long‑Term: The acquisition positions INDHOTEL for sustained growth, enhancing shareholder value through a more diversified hotel portfolio.

Prepared for investors on 21 April 2026.