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Latest filing: 2026-08-29 14:19
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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
7 announcements match the current filters (relevance ≥ 5).
ITDC Sets Sep 15, 2026 as Record Date for Rs 2.95/Share Final Dividend for FY26
India Tourism Development Corporation Ltd (ITDC) has fixed September 15, 2026, as the record date for determining shareholder entitlement to a final dividend of Rs 2.95 per equity share (face value Rs 10) for FY26. The dividend is subject to approval at the Annual General Meeting scheduled for September 22, 2026. On FY26 net profit of Rs 82.10 Cr (EPS of Rs 9.61), this represents a dividend payout ratio of approximately 30.7% and a dividend yield of ~0.45% at the current market price of Rs 662.1.
Confidence: HIGH
What changedITDC formalized the record date and AGM date for its recommended FY26 final dividend of Rs 2.95 per share.
Why it mattersConfirms capital distribution to shareholders, disbursing roughly Rs 25.3 Cr (~30.7% of FY26 PAT) while maintaining the company's zero-debt balance sheet.
Final dividend per share: Rs. 2.95Face value per share: Rs. 10Record date: 15-Sep-2026AGM date: 22-Sep-2026Dividend yield on current price: ~0.45%
📅 Short termThe stock will trade ex-dividend prior to September 15, 2026; price impact will be minor given the ~0.45% yield.
📈 Long termLimited; routine annual dividend payout consistent with CPSE dividend norms.
Key Highlights
Recommended final dividend of Rs 2.95 per equity share of face value Rs 10 for FY 2025-26.
Record date fixed as Tuesday, 15th September, 2026 for dividend entitlement.
Shareholder approval to be sought at the AGM on Tuesday, 22nd September, 2026.
👀 What to Watch
Track the ex-dividend date ahead of September 15, 2026, and monitor AGM voting results on September 22, 2026.
ITDC Q1 FY27 Results: Auditor highlights Rs 12.93 Cr unbilled fees and Rs 9.90 Cr DDA dispute
ITDC submitted its Q1 FY27 financial results, which were accompanied by several 'Emphasis of Matter' observations from the auditors. Key issues include Rs 12.93 Cr in unbilled license fees from FY21 due to COVID-19 disputes and Rs 9.90 Cr in long-standing dues from the DDA related to the 2010 Commonwealth Games. The company also booked a property tax liability of Rs 1.64 Cr for the quarter following court-directed attempts at amicable resolution. Structural updates like the KFHPL merger and the transfer of Hotel Jammu Ashok remain pending with government ministries.
Confidence: HIGH
What changedThe filing of Q1 FY27 results confirms that several legacy financial disputes and reconciliation issues (PPE records, unlinked receipts, and CWG 2010 dues) remain unresolved.
Why it mattersThese legacy issues represent approximately 4.3% of TTM revenue (Rs 533 Cr). While ITDC maintains a strong ROCE of 27%, these recurring auditor observations highlight operational and administrative bottlenecks typical of CPSEs.
Unbilled License Fees (FY21): Rs 1,292.59 lakhsDDA Dues (>3 years): Rs 989.57 lakhsProperty Tax (Q1 FY27): Rs 164.43 lakhsUnlinked Receipts: Rs 284.41 lakhsPromoter Holding: 87.03%
📅 Short termThe stock may see neutral to cautious movement as the market digests the persistent auditor observations regarding legacy dues and reconciliation gaps.
📈 Long termLong-term value depends on the successful renovation of marquee properties like Hotel Ashok and the eventual merger with KFHPL to expand the asset base.
⚠ Risk flags
- Legacy legal disputes with DDA and NDMC
- Incomplete reconciliation of Property, Plant, and Equipment (PPE) records
- High promoter holding (87.03%) exceeding SEBI's 75% limit
- Dependency on government approvals for M&A and asset transfers
Key Highlights
Rs 12.93 Cr in license fees from FY21 remain unbilled and unrecognised due to ongoing disputes with private licensees.
Rs 9.90 Cr due from DDA for over 3 years remains unprovided for, as management remains hopeful of recovery via AMRCD.
Rs 1.64 Cr property tax liability for Hotel Ashok and Samrat was booked for Q1 FY27 following Delhi High Court directions.
Rs 2.84 Cr in unlinked receipts are currently misclassified as liabilities, overstating current liabilities and trade receivables.
Merger with Kumarakruppa Frontier Hotels Pvt. Ltd. (KFHPL), approved in 2019, is still awaiting DIPAM/MoT clearance.
👀 What to Watch
Investors should monitor the final reconciliation of the Maha Kumbh 2025 project accounts and the progress of the KFHPL merger. The resolution of the Rs 9.90 Cr DDA dispute and the Rs 12.93 Cr unbilled fees are key to unlocking legacy value or avoiding future provisions.
ITDC Recommends Final Dividend of Rs. 2.95 Per Share for FY 2025-26
The Board of Directors of India Tourism Development Corporation (ITDC) has recommended a final dividend of Rs. 2.95 per equity share for the financial year ended March 31, 2026. This proposal was approved during the board meeting held on May 21, 2026. The total cash outflow for this dividend distribution is expected to be approximately Rs. 25.30 crore. The dividend is subject to shareholder approval at the upcoming Annual General Meeting.
Key Highlights
Recommended a final dividend of Rs. 2.95 per equity share for the financial year 2025-26.
Total aggregate dividend payout is calculated at Rs. 25,30,19,730.
The announcement was made following the Board of Directors meeting on May 21, 2026.
The dividend distribution is subject to approval by shareholders in the next AGM.
👀 What to Watch
Investors should track the upcoming record date to ensure eligibility for the payout and evaluate the dividend yield relative to the current stock price.
ITDC Recommends ₹2.95 Dividend; Auditors Issue Qualified Opinion on FY26 Financials
ITDC has recommended a dividend of ₹2.95 per share for the financial year ended March 31, 2026, totaling approximately ₹25.30 crore. However, the statutory auditors have issued a qualified opinion, highlighting significant financial discrepancies including ₹12.92 crore in unrecorded license fee revenue. The report also notes reconciliation issues with travel agents, specifically a ₹17.43 crore receivable from a terminated GSA agreement. Furthermore, the auditors flagged weak internal controls regarding inventory management, fixed asset records, and trade receivable confirmations.
Key Highlights
Recommended a dividend of ₹2.95 per equity share for the financial year 2025-26.
Auditors flagged ₹1,292.59 lakhs in unrecorded license fee revenue from Ashok and Samrat Hotels dating back to 2020-21.
Reported a deficit in security coverage for a ₹1,743.71 lakh receivable from a terminated travel agency agreement.
Ongoing property tax dispute with NDMC involves a reassessment proposal of ₹658.00 lakhs for FY 2025-26.
Qualified opinion issued due to inadequate record-keeping for inventory, fixed assets, and MSME payment compliance.
👀 What to Watch
Investors should weigh the dividend payout against the serious internal control lapses and financial reconciliations highlighted by the auditors. Monitor the management's response to the audit qualifications and progress on the government's disinvestment process.
ITDC Clarifies News on Subsidiary Divestment and Ashok Hotel Monetisation
ITDC has issued a clarification regarding media reports of subsidiary divestments and the monetisation of Ashok Hotel, stating it has received no new directions from the Government. The company confirmed that the disinvestment of hotel units and JV subsidiaries has been an ongoing process since 2016, with regular updates provided in financial results. While the Union Budget 2026-27 includes ITDC hotels in the National Monetisation Pipeline (NMP 2.0) via PPP mode, no specific new developments have occurred since the February 2026 disclosures. Historically, the company has successfully divested assets like Hotel Jaipur Ashok for ₹14 crore.
Key Highlights
Company clarifies no new government instructions received despite media reports of accelerated monetisation.
Disinvestment process for hotel units and JV subsidiaries has been active and disclosed since 2016.
Union Budget 2026-27 identifies ITDC hotels for redevelopment under NMP 2.0 via PPP mode.
Previous divestments include Hotel Jaipur Ashok for ₹14.00 crore and 51% stake in Donyi Polo Ashok.
No changes to the disclosures made in the December 2025 quarterly results filed on February 9, 2026.
👀 What to Watch
Investors should exercise caution as the recent 20% stock price surge appears speculative given the lack of new official directives. Monitor for formal government notifications regarding specific PPP contracts or asset sales under NMP 2.0.
ITDC Faces SEBI Non-Compliance Fine Over Board Composition for Q3 FY26
India Tourism Development Corporation (ITDC) has reported non-compliance with SEBI (LODR) Regulations 17 to 19 for the quarter ended December 31, 2025. The National Stock Exchange has imposed a fine due to the company's failure to maintain the minimum number of directors, including the required number of Independent Directors and a woman Independent Director. The ITDC Board maintains that since it is a PSU, appointments are managed by the Government of India, and the company will seek a waiver of penalties once compliance is achieved. The company is currently coordinating with the Administrative Ministry to fill the vacancies.
Key Highlights
Non-compliance observed in Integrated Governance Report for the quarter ended 31.12.2025.
Violations pertain to SEBI (LODR) Regulations 17 to 19 regarding Board composition.
Lapses include lack of requisite Independent Directors and a woman Independent Director.
Exchange has imposed a fine, for which ITDC intends to seek a waiver from the authorities.
Board noted that director appointments are the responsibility of the Government of India.
👀 What to Watch
Investors should monitor the timeline for government appointments to the board to resolve these regulatory lapses. While common in PSUs, persistent non-compliance and exchange fines can impact corporate governance perceptions.
ITDC Q3 FY26 Results: Auditors Issue Qualified Opinion Over ₹18.7 Cr GSA Receivables
ITDC reported its Q3 FY26 results, which were overshadowed by a qualified audit opinion regarding ₹18.71 crore in receivables from a General Sales Agent where security coverage is insufficient. The company also faces governance challenges, as the Audit Committee could not meet due to a lack of quorum, with only one Independent Director currently on the board. Significant unresolved items include ₹12.92 crore in disputed license fees and ₹9.89 crore in long-standing dues from the DDA. These financial and governance irregularities suggest a need for increased scrutiny of the company's internal controls and asset management.
Key Highlights
Auditors issued a qualified opinion due to a ₹3.15 crore deficit in security coverage for ₹18.71 crore in GSA receivables.
Audit Committee meeting could not be held due to lack of quorum; results were approved directly by the Board of Directors.
Disputed license fees of ₹12.92 crore from Ashok and Samrat Hotels remain un-invoiced due to COVID-19 era disputes.
Unlinked receipts of ₹3.33 crore are currently classified as liabilities, potentially overstating trade receivables and current liabilities.
Recovery of ₹9.89 crore from DDA for CWG 2010 works remains pending for over three years without any provision in the books.
👀 What to Watch
The qualified audit report and lack of independent oversight on the Audit Committee represent significant governance and financial risks. Investors should remain cautious until the board quorum is restored and the GSA receivable issues are resolved.
