• Travel Management Services
According to the GBTA Business Travel Outlook, global business travel spending is expected to grow by approximately 7% in 2025, compared with around 10% in 2024, reflecting continued uncertainty around global trade policies and economic conditions. Growth is projected to improve to 8.1% in 2026 before normalising over the medium term. Despite a marginal moderation in global GDP growth, the overall demand environment remains positive, subject to macro economic and geopolitical developments.
In India, domestic air passenger traffic recorded growth of 3.48% during 2025. While industry-wide operational and geopolitical challenges moderated growth, demand remained resilient, reinforcing the long-term strength of India’s aviation and travel ecosystem.
India continues to be one of the world’s fastest-growing business travel markets, supported by sustained economic activity, increasing corporate travel requirements, and greater adoption of structured travel management practices. As the market evolves, digital payments, corporate card programmes, and technology-enabled travel solutions are expected to play an increasingly important role.
The Company continues to enhance its value proposition through technology-led initiatives that strengthen digital servicing capabilities, expense management integration, and automated carbon-tracking solutions. Adoption of the Self-Booking Tool and embedded corporate card programmes is expected to improve operational efficiency, compliance, and customer experience.
The Company offers a comprehensive suite of business travel services, including air ticketing, hotel bookings, mobility solutions, visa facilitation, and related travel services. Integrated travel management solutions remain increasingly relevant as organisations seek stronger cost control, compliance, duty-of-care management, and enhanced traveller experience.
• Meetings, Incentives, Conferences and Exhibitions (‘MICE’)
The MICE industry continues to benefit from the resurgence of in-person business engagements, expanding convention infrastructure, and improved air connectivity. India is strengthening its position as a preferred MICE destination through the development of convention facilities and industry-supporting infrastructure across major cities.
Strong domestic demand and ongoing infrastructure investments continue to support growth across meetings, incentives, conferences, and events. However, geopolitical tensions and travel-related disruptions have affected outbound event timelines and international delegate participation. Despite these challenges, the domestic MICE segment has demonstrated resilience and sustained growth.
During the year, the Company successfully managed several domestic and outbound MICE programmes across sectors including consulting, infrastructure, automotive, information technology, and manufacturing. Supported by expected economic growth and infrastructure development, the outlook for the MICE segment remains positive. The Company remains focused on delivering differentiated experiences and creating long-term value for its clients.
India’s leisure travel market continues to demonstrate strong long-term growth, driven by rising disposable incomes, growing middle-class aspirations, improved connectivity, and progressively favourable visa policies. Demand trends continue to favourpersonalised, experience-led, and value-conscious travel.
Domestic leisure travel remained robust, supported by improved air and road connectivity. Key destinations included Himachal Pradesh, Uttarakhand, Rajasthan, Goa, Kerala, the Northeast, and the Andaman Islands. In the outbound segment, short-haul destinations such as Singapore, Thailand, Bali, Malaysia, and Vietnam continued to perform strongly, while demand for Europe and parts of the Middle East was impacted by geopolitical developments and air connectivity constraints.
The Company remains focused on curated travel products, personalised itineraries, seasonal packages, and customised holiday offerings, positioning it well to capitalise on evolving customer preferences across both domestic and outbound leisure travel.
India’s corporate chauffeur-driven mobility market continues to offer significant long-term growth opportunities, supported by economic expansion, urbanisation, increasing corporate travel activity, and the growing preference for organised, compliant, and technology-enabled mobility solutions.
During the year, the Company focused on operational excellence, service quality, safety, and reliability, while advancing key digital transformation initiatives. The rollout of a new mobility platform and supporting middleware is expected to enhance service delivery, operational efficiency, and data-driven decision-making.
The Company also undertook initiatives to improve profitability through fleet optimisation, sourcing efficiencies, and disciplined cost management. In line with its sustainability objectives, the Company continued the phased induction of electric and hybrid vehicles.
Going forward, the Company will remain focused on strengthening its technology platform, expanding service capabilities, deepening client engagement, and pursuing sustainable growth opportunities across the mobility ecosystem.
SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
The Company does not have any subsidiary, associate or joint venture.
INTERNAL FINANCIAL CONTROLS
Corporate Governance in your Company operates at three interlinked levels which clearly delineates the roles, responsibilities and authorities across the three levels of the governance structure. Your Company also has a Code of Conduct which commits Management to conform to the systems and processes, conduct business ethically and ensure strict compliance with all applicable laws and regulations. These policies have been widely communicated across the organisation and together with the planning & review processes and the Risk Management Framework, they create a controlled environment across the Company and provide the foundation for Internal Financial Controls with reference to your Company’s Financial Statements.
Your Company’s Financial Statements are prepared on the basis of the Material Accounting Policies that are carefully selected by the Management and approved by the Audit Committee and the Board of Directors (‘the Board’). These Policies are supported by the Corporate Accounting, System and Policies that apply to the entity as a whole to implement the tenets of Corporate Governance and Significant Accounting Policies uniformly across your Company. The Accounting Policies are reviewed and updated from time to time. These in turn are supported by a set of policies and Standard Operating Procedures (‘SOPs’) that have been established for individual functions.
Your Company uses Information Technology Systems as a business enabler and also to maintain its books of accounts. The SOPs, in tandem with the Information Management Policy, reinforce the control environment. The whole gamut of controls, policies, procedures and systems are reviewed by management and audited by the Internal Auditor whose findings and recommendations are reviewed by the Audit Committee and tracked through till implementation.
Your Company has in place adequate internal financial controls with reference to Financial Statements. Such controls have been assessed during the year taking into consideration the essential components of internal controls stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India. Based on the results of this assessment carried out by the Management, no reportable material weakness or significant deficiencies in the design or operation of internal financial controls was observed. Nonetheless, your Company recognises that any internal financial control framework, no matter how well designed, has inherent limitations and accordingly, regular audit and review processes are undertaken to ensure that such systems are reinforced on an ongoing basis..
RISK MANAGEMENT
Your Company continues to focus on a system-based approach to business risk management and it has been an integral part of your Company’s strategy. Backed by strong internal control systems, the current Risk Management Framework consists of the following key elements:
- The Corporate Governance Policy approved by the Board clearly lays down the roles and responsibilities of various entities in relation to risk management covering a range of responsibilities, from strategic to operational. These role definitions, interalia, provide the foundation for your Company’s Risk Management Policy that is endorsed by the Board and is aimed at ensuring formulation of appropriate risk management procedures, their effective implementation and independent monitoring and reporting by Internal Audit.
- A combination of policies and procedures bring robustness to the process of ensuring that business risks are effectively addressed.
- Appropriate structures are in place to proactively monitor and manage the inherent risks in businesses with unique / relatively high-risk profiles.
- Internal Audit is an independent and external function and carries out risk focused audits, enabling identification of areas where risk management processes may need to be further strengthened. For the financial year 2025-26, these audits were conducted by M/s BDO India LLP, Chartered Accountants who were the Internal Auditor of the Company. The Audit Committee of the Board reviews Internal Audit findings and provides strategic guidance on internal controls. The Audit Review Committee closely monitors the internal control environment within your Company including implementation of action plans emerging out of internal audit findings.
- A robust and comprehensive framework of strategic planning and performance management ensures realisation of business objectives based on effective strategy implementation. The annual planning exercise requires identification of top risks and sets out a mitigation plan with agreed time lines and accountabilities. Businesses are required to confirm periodically that all relevant risks have been identified, assessed, evaluated and that appropriate mitigation systems have been implemented.
Your Company endeavours to continuously sharpen its Risk Management systems and processes in line with a rapidly changing business environment. A combination of policies and processes adequately addresses the various risks associated with your Company’s businesses. The risk management practices of your Company and Internal Audit processes, have been found to be relevant and commensurate with the size and complexity of its operations.
AUDIT AND SYSTEMS
Your Company believes that strong internal controls that are commensurate with the size and scale of your Company’s operations are concomitant to the principle of governance that freedom of management should be exercised within a framework of appropriate checks and balances.
Your Company remains committed to ensuring a mature and effective internal control environment that inter-alia provides assurance on orderly and efficient conduct of operations, security of assets, prevention and detection of frauds / errors, accuracy and completeness of accounting records, timely preparation of reliable financial information, adherence with relevant statutes and compliance with related party transactions.
Your Company’s internal control systems include documented policies and procedures, segregation of duties and careful selection and professional development of employees.
Your Company’s independent and robust Internal Audit processes provide assurance on the adequacy and effectiveness of internal controls, compliance with operating systems, internal policies and regulatory requirements.
The Internal Auditor, have assured the Company that they are adequately skilled and resourced to deliver high standards of audit assurances. In the context of the IT environment of your Company, systems and policies relating to Information Management are periodically reviewed and bench marked for contemporariness. Compliance with the Information Management policies receives focused attention of the Internal Auditor.
The Audit Committee of your Board met seven times during the year. The Terms of Reference of the Audit Committee inter-alia include reviewing the adequacy and effectiveness of the internal control environment, monitoring implementation of the action plans emerging out of review of significant Internal Audit findings including those relating to strengthening of your Company’s risk management systems and discharging of statutory mandates.
The Statutory Auditor of your Company have not reported any fraud to the Audit Committee or the Board under Section 143 (12) of the CompaniesAct, 2013 (‘the Act’), including Rules made thereunder.
HUMAN RESOURCE DEVELOPMENT
Your Company continued to place strong emphasis on strengthening its human capital as a key enabler of longterm growth. During the year, Human Resources initiatives were strategically aligned to support business priorities, with a clear focus on attracting high-quality talent, enhancing organizational capabilities, and fostering a more connected and responsive workplace.
Recruitment strategies were closely integrated with business needs, with a targeted approach to identifying professionals who could drive impact while contributing to sustained growth. Learning and development remained an important pillar, with a sharper focus on functionality-driven training programs. Structured interventions were designed to deepen domain expertise, strengthen role-specific competencies, and improve overall workforce effectiveness. These initiatives focused on strengthening employees’ skills, enabling them to create greater business impact and contribute more effectively to evolving organizational goals.
To foster an open and engaging work culture, the Company introduced an AI-powered employee listening platform that offers a neutral and confidential channel for employees to share their feedback. Employee well-being continued to be an
integral part of the Company’s people strategy, supported by initiatives aimed at promoting a balanced and inclusive work environment.
Your Company also remains committed to maintaining a safe, resp ectful, an d equitable workplace. A robust Policy on Sexual Harassment (POSH) continues to be in place, in line with the provisions of the Prevention of Sexual Harassment of Women at Workplace Act, 2013. Throughout the year, awareness and sensitization programs were conducted to ensure wide spread understanding and compliance.
During the year, the Company did not receive any complaint under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Further, no complaint was pending for more than ninety days at the beginning of the year, during the year, or at the end of the year.
WHISTLEBLOWER POLICY
Your Company’s Whistleblower Policy, as approved by the Board, encourages all stakeholders including Directors and employees, to promptly bring to the Company’s attention, instances of any actual, potential or suspected instances of illegal or unethical conduct, incidents of fraud, actions that undermine the financial integrity of the Company, instances of leak of unpublished price sensitive information that could adversely impact the Company’s operations, business performance and / or reputation, etc. The Policy requires the Company to investigate such incidents, when reported, in an impartial manner and take appropriate action to ensure that the requisite standards of professional and ethical conduct are always upheld. It is the Company’s Policy to ensure that no complainant is victimised or harassed for bringing such incidents to the attention of the Company, and to keep the information disclosed during the course of the investigation as confidential. The practice of the Whistleblower Policy is overseen by the Audit Committee and no employee was denied access to the Committee during the year.
The Whistleblower Policy is available on the Company’s website at
https://www.internationaltravelhouse.in/pdf/ithl_whistleblower_policy.pdf.
During the year, your Company received one complaint under the Whistleblower Policy of which the investigation was completed and no evidence was found to substantiate the allegations. Accordingly, the case has been closed.
CORPORATE SOCIAL RESPONSIBILITY (‘CSR’)
Your Company has a comprehensive CSR Policy that outlines the programmes, projects, and activities it undertakes to create a meaningful and positive impact on identified
stakeholders. In line with this Policy, during the year, the Company contributed ' 60 lakhs towards initiatives focused on environmental sustainability, skill development, and holistic education.
These initiatives aim to promote environmental awareness and conservation through various campaigns and programmes; enhance the employability of youth by building and upgrading their skills through training initiatives, infrastructure support, and other market-oriented interventions for better livelihoods; and empower students and communities by providing essential life and digital skills, thereby enabling their overall and holistic development.
The CSR project undertaken is within the purview of Section 135 read with Schedule VII of the Act and the Companies (Corporate Social Responsibility Policy) Rules, 2014.
The Annual Report on CSR activities of the Company, as required under Sections 134 and 135 of the Act read with Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 and Rule 9 of the Companies (Accounts) Rules, 2014 is provided in Annexure 1 forming part of this Report.
DEPOSITS
During the year, your Company has not accepted any deposit under Section 73 of the Act read with the Companies (Acceptance of Deposits) Rules, 2014.
DIRECTORS• Changes in Directors
During the year, the following Directors were re-appointed with your approval:
a) Ms. Vrinda Sarup (DIN: 03117769) as Director and also an Independent Director for a period of five years with effect from 29th June, 2026; and
b) Mr. Ashwin Moodliar (DIN: 08205036) as Director and as Managing Director for a period of two years with effect from 1st February, 2026.
There were no other changes in the composition of the Board of the Company during the year.
• Retirement by Rotation
In accordance with the provisions of Section 152 of the Act read with Articles 143 and 144 of the Articles of Association of your Company, Mr. Ashish Rao (DIN: 10460760), will retire by rotation at the ensuing AGM and,being eligible,offers himself for re-appointment. The Board has recommended his re-appointment.
Six meetings of the Board were held during the year under review.
• Attributes, Qualifications & Independence of Directors and their Appointment
The Corporate Governance Policy of the Company requires that Non-Executive Directors be drawn from amongst eminent professionals with experience in business / finance / law / public administration and enterprises.
The Nominations & Remuneration Committee (‘the Committee’) has laid down the criteria for determining qualifications, positive attributes and independence of Directors (including Independent Directors). The Committee also evaluates the role and capabilities required, and the balance of skills, knowledge and experience on the Board, while considering the appointment of Independent Directors of the Company.
Further, in terms of the Policy on Board Diversity, the Board is required to have a balance of skills, competencies, experience and diversity of perspectives appropriate to the Company. The skills, expertise and competencies of the Directors as identified by the Board, along with those available in the present mix of the Directors of your Company, are provided in the ‘Report on Corporate Governance’, forming part of the Report and Accounts.
In terms of the regulatory requirements read with the Articles of Association of your Company, the strength of the Board shall not be fewer than three nor more than twelve. Directors are appointed / re-appointed with the approval of the Members. All Directors, other than Independent Directors and Managing Director, are liable to retire by rotation, unless otherwise approved by the Members. One-third of the Directors who are liable to retire by rotation, retire every year and are eligible for re-appointment.
The Independent Directors of your Company have confirmed that (a) they meet the criteria of independence prescribed under Section 149 of the Act and Regulation 16 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), (b) they are independent of the management of the Company, and (c) they are not aware of any circumstance or situation which could impair or impact their ability to discharge duties with an objective independent judgement and without any external influence.
In the opinion of the Board, the Independent Directors fulfill the conditions prescribed under the Act and the Listing Regulations, and are independent of the management of the Company.
• Evaluation of Board, Board Committees and individual Directors
Your Company has formulated the Policy on Board Evaluation, for the evaluation of Board of Directors, Board Committee’s and individual Directors, with the approval of the Nominations & Remuneration Committee.
In keeping with your Company’s belief that it is the collective effectiveness of the Board that impacts Company’s performance, the primary evaluation platform is that of collective performance of the Board as a whole. Evaluation of functioning of Board Committees is based on discussions amongst Committee members and shared by the Chairperson of the respective Committee with the Board. Individual Directors are evaluated in the context of the role played by each Director as a member of the Board at its meetings, in assisting the Board in realising its role of strategic supervision of the functioning of your Company in pursuit of its purpose and goals. The peer group ratings of the individual Directors are collated and made available to the Chairman of your Company.
While the Board evaluated its performance against the parameters laid down by the Committee, the evaluation of individual Directors was carried out against the laid down parameters in order to ensure objectivity. The report on functioning of the Committees were placed before the Board. The Independent Directors also reviewed the performance of the Chairman, other Non-Independent Directors and the Board, pursuant to Schedule IV to the Act and Regulation 25 of the Listing Regulations.
Details of your Company’s Policy on remuneration of Directors, Key Managerial Personnel and other employees are provided in the ‘Report on Corporate Governance’, forming part of the Report and Accounts.
https://www.internationaltravelhouse.in/pdf/ithl_remuneration_policy.pdf
During the year, Mr. Ashwin Moodliar (DIN: 08205036) was re-appointed as the Managing Director of the Company for a period of two years with effect from 1st February, 2026.
Ms. Gunjan Chadha ceased to be the Chief Financial Officer of the Company with effect from the close of work hours on 2nd March, 2026, and Mr. Sidharth Shah was appointed as the Chief Financial Officer with effect from 3rd March, 2026
Further, Ms. Meetu Gulati stepped down from the position of Company Secretary of the Company with effect from the close of work hours on 30th April, 2025, and Mr. Abhishek Chawla was appointed as the Company Secretary with effect from 1st May, 2025.
AUDIT COMMITTEE & AUDITORS
The composition of the Audit Committee is provided under the section ‘Board of Directors & Committees’ in the Report and Accounts.
• Statutory Auditors
Messrs. Deloitte Haskins & Sells LLP (‘DHS’), Chartered Accountants (Firm Registration No. II7366W/W-100018), were re-appointed as the Company’s Statutory Auditors with your approval at the Forty First AGM held on 22nd September, 2022 to hold such office for a period of five years, till the conclusion of the Forty Sixth AGM of the Company. DHS have submitted their Report on the Financial Statements of the Company which forms part of this Report and Accounts. There is no qualification, reservation, adverse remark or disclaimer given by the Statutory Auditor in their Report for the financial year ended 31st March, 2026. Appropriate resolution seeking your approval to the remuneration of DHS is appearing in the Notice convening the 45th AGM of your Company.
• Secretarial Auditor
Messrs. Mehta & Mehta, Company Secretaries, were appointed with your approval as the Secretarial Auditors of your Company to conduct secretarial audit for a period of five consecutive years commencing from FY 2025-26.
The Report of the Secretarial Auditors, pursuant to Section 204 of the Act, is provided in the Annexure 2 forming part of this Report. The Secretarial Auditors have confirmed that the Company has complied with the applicable laws and that there are adequate systems and processes in the Company commensurate with its size and scale of operations to monitor and ensure compliance with the applicable laws.
• Cost Auditor
Considering the nature of business, the Company is neither required to maintain cost records nor appoint
Cost Auditors in terms of Section I48 of the Act read with the Companies (Cost Records and Audit) Rules, 2014.
INVESTOR RELATIONS
Messrs. MCS Share Transfer Agent Limited are the Registrar and Share Transfer Agent (‘RTA’) of your Company.
The details of the RTA and their grievance redressal system are provided in the ‘Shareholders Information’ section of the Report and Accounts. The ‘Investor Relations’ section on your Company’s website www.internationaltravelhouse.in serves as a user-friendly reference providing up-to-date information and guidance on share-related matters.
RELATED PARTY TRANSACTIONS
During the year under review, all contracts or arrangements entered into by your Company with its related parties were in accordance with the provisions of the Act and the Listing Regulations. All such contracts or arrangements were approved by the Audit Committee and were in the ordinary course of business and on arm’s length basis. Disclosure on transactions entered with Related Parties during the financial year 2025-26 is also covered in the Notes to Financial Statements.
During the year under review, the Company obtained your approval for entering into related party transactions with ITC Limited, ITC Hotels Limited and ITC Infotech India Limited. Further, no material contracts or arrangements with related parties within the purview of Section 188(1) of the Act were entered during the year under review. Accordingly, the information on transactions with related parties pursuant to Section I34(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules, 2014 in Form AOC-2 is not applicable to the Company for financial year 2025-26.
Your Company’s Policy on Related Party Transactions, as adopted by your Board, can be accessed on the Company’s website at
https://www.internationaltravelhouse.in/policy-on-related-party-transactions.aspx .
DIRECTORS’ RESPONSIBILITY STATEMENT
As required under Section I34 of the Act, your Directors confirm having:
a) followed in the preparation of the Annual Accounts, the applicable Accounting Standards with proper explanation relating to material departures, if any;
b) selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view
of the state of affairs of your Company at the end of the financial year and of the profit of your Company for that period;
c) taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of your Company and for preventing and detecting fraud and other irregularities;
d) prepared the Annual Accounts on a going concern basis;
e) laid down internal financial controls to be followed by your Company and that such internal financial controls were adequate and operating effectively; and
f) devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.
The certificate of your Company’s Statutory Auditors, Messrs. Deloitte Haskins & Sells LLP, confirming compliance with the conditions of Corporate Governance as stipulated under the Listing Regulations, is annexed as Annexure 3 to the Report
• Going Concern Status
There was no significant or material order passed during the year by any regulator, court or tribunal impacting the going concern status of your Company or its future operations.
The Annual Return of the Company is available on its website at
https://www.international travelhouse.in/annual-return.aspx.
• Particulars of Loans, Guarantees or Investments
During the year under review, the Company has neither given any loan or guarantee nor made any investment under the provisions of Section 186 of the Act.
• Compliance with Secretarial Standards
Your Company is in compliance with the applicable Secretarial Standards issued by the Institute of Company Secretaries of India and approved by the Central Government under Section 118(10) of the Act.
Your Company is in compliance with the applicable provisions of the Maternity Benefit Act, 1961 (now forming part of the Code on Social Security, 2020).
• Particulars relating to Conservation of Energy, Technology Absorption and Foreign Exchange
Particulars as required under Section 134 of the Act relating to Conservation of Energy and Technology Absorption are provided below:
o Conservation of Energy:
(a) Steps taken or impact on conservation of energy:
ITH successfully completed the EcoVadis Sustainability Assessment for the second consecutive year and earned the Bronze Medal in this endeavour. As part of this assessment, the Company demonstrated a robust framework for environmental and energy management, supported by well-defined policies, and a structured process for periodic monitoring and performance reporting.
(b) Steps taken for utilising alternate sources of energy:
During the year under review, your Company expanded its Electric Vehicle (EV) fleet by inducting 49 additional EVs across key operational hubs, including Ahmedabad, Bengaluru, Bhubaneswar, Chandigarh, Chennai, Hyderabad, Kolkata, Mumbai, NCR, and Pune. The total number of EVs in the fleet at the year-end stands at 155. This strategic effort aligns with our endeavour to reduce carbon emissions and promote sustainable mobility. The performance of these vehicles has been promising, with consistently high levels of customer satisfaction. As fully electric vehicles produce zero tailpipe emissions, their deployment plays a vital role in reducing carbon emissions.This phased rollout of EVs across major cities will continue into the financial year 2026-27, further strengthening our green footprint.
(c) Capital investment on energy conservation equipment: Nil
(a) Efforts made towards technology absorption: In keeping with your Company’s vision to institutionalise new revenue channels and expand client reach, the technology landscape is being further strengthened.
ITH continues to strengthen its Information & Security Management System (ISMS) and was certified as an ISO 27001:2022 organisation
Your Company implemented a contemporary SaaS based mobility platform to improve operational efficiency & control and to enhance client servicing. Along with a SaaS based CRM platform.
ITH continues to engage with leading Expense Management Solution providers to enhance its value proposition for corporate clients. With a strong focus on innovation, the Company aims to accelerate the adoption of contemporary AI-based technologies across its operations and service delivery, driving improved efficiency, customer experience and revenue uplift.
ITH continues to strengthen its data privacy protection framework to be compliant with the Digital Personal Data Protection Act, 2023 mandates.
(b) Benefits derived:
Enhancing customer experience, enriching services and strengthening IT security, integrity & availability.
(c) Expenditure incurred on research and development - NIL
o Foreign Exchange Earnings and Outgo:
During the financial year 2025-26, your Company earned ' 230.27 lakhs (previous year ' 290.87 lakhs) in foreign exchange from its Travel, Tours and Car Rental Services. Your Company’s expenditure in foreign currency during the said financial year amounted to '18.96 lakhs (previous year '19.15 lakhs).
The total number of employees of the Company as on 31st March, 2026 stood at 447 (including employees on deputation from ITC Hotels Limited).
The information required under Section 197(12) of the Act and Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are provided in Annexure 4 forming part of this Report.
The statement containing particulars of employees as required under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, forming part of this Report, may be accessed on the Company’s website www.internationaltravelhouse.in .
This Report contains forward-looking statements that involve risks and uncertainties. When used in this Report, the words ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘will’ and other similar expressions as they relate to your Company are intended to identify such forward-looking statements. Your Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Actual results, performances or achievements could differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of their dates. This Report should be read in conjunction with the financial statements included herein and the notes thereto.
Your Company, with its focus on quality, safety and superior customer service, continues to strengthen its business fundamentals and operational capabilities.Your Directors and all the employees remain committed to delivering their best and creating sustainable long-term value for all stakeholders.