ORIENTAL HOTELS TO MERGE WITH INDIAN HOTELS CO

The Board of Directors of

have approved a Scheme of Arrangement for the amalgamation of the company with INDIAN HOTELS. As per the arrangement, INDIAN HOTELS will issue 25 equity shares for every 117 equity shares held in ORIENTAL HOTELS. The share exchange ratio is based on a joint valuation report. INDIAN HOTELS is the promoter of ORIENTAL HOTELS and held 37.05% of ORIENTAL HOTELS's equity share capital, directly and indirectly through subsidiaries. INDIAN HOTELS is part of the Tata Group. It has delivered good profit growth of 31% CAGR over last 5 years, and with this new merger, the company's profits are expected to increase further. Moreover, INDIAN HOTELS has been maintaining a healthy dividend payout of 19.6% thereby making it a good choice for regular income. DIIs have also been increasing stake in the company from 18.39% in Jun25 to 24.47% in Jun 26.