The Indian Hotels Company CEO, MD, chairman, board of directors and AGM

Mutual fund votes, meeting of 30 Jun 2026, 40 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider, and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess

  39 for0 against
• To receive, consider, and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors thereon.

  39 for0 against
• To declare dividend of Rs. 3.25/- per equity share of face value Re. 1/- each for the Financial Year ended March 31, 2026.

  39 for0 against
• To appoint a director in place of Mr. Puneet Chhatwal (DIN: 07624616), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.

  39 for0 against
• Re-appointment of Mr. Anupam Narayan as an Independent Director.

  ›Against 360 One Mutual Fund, Angel One Mutual Fund, Baroda BNP Paribas Mutual Fund, Choice Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, Jio BlackRock Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund, NJ Mutual Fund, Old Bridge Mutual Fund, PPFAS Mutual Fund, Sundaram Mutual Fund, Taurus Mutual Fund, The Wealth Company Mutual Fund, Trust Mutual Fund, Unifi Mutual Fund, Zerodha Mutual Fund

  • 360 One Mutual FundAnupam Narayan, 72, is a strategic business advisor with experience in hospitality industry and has held leadership and board positions in various hospitality groups and related companies including Best Western International, Red Lion Hotels Corp., Swiss International Hotels and a Kohlberg, Kravis & Roberts (KKR) Company. He was first appointed on the board of IHCL on 22 August 2021. He has attended all 4 (100%) board meetings held in FY26. However, we raise concern that he has been on the board of Roots Corporation, a wholly owned subsidiary of IHCL, from 1 April 2014 to 24 May 2022 and consequently his association with the Tata Group has crossed ten years. We understand that his extensive experience in the hospitality sector is of value to the company: IHCL must consider appointing him as non-executive non Independent Director. We do not support the resolution to appoint Anupam Narayan as Independent Director.
  • Angel One Mutual FundGovernance concern: Prolonged association with the Group.
  • Baroda BNP Paribas Mutual FundThe director proposed for re-appointment as Independent Director (ID) has been associated with the company since 2014. We are satisfied with the proposed director’s credentials. However, due to concerns related to director's independence, we do not support the resolution.
  • Choice Mutual Fund, PPFAS Mutual FundProlong association with the group.
  • Edelweiss Mutual Fund, Groww Mutual Fund, Navi Mutual Fund, The Wealth Company Mutual Fund, Trust Mutual Fund, Zerodha Mutual FundCompliant with law. No concerns identified w.r.t. merit, profile and time commitments of the proposed appointee. Governance concern: Prolonged association with the Group.
  • HDFC Mutual FundAnupam Narayan, 72, is a strategic business advisor with experience in hospitality industry and has held leadership and board positions in various hospitality groups and related companies including Best Western International, Red Lion Hotels Corp., Swiss International Hotels and a Kohlberg, Kravis & Roberts (KKR) Company. He was first appointed on the board of IHCL on 22 August 2021. He has been on the board of Roots Corporation, a wholly owned subsidiary of IHCL, from 1 April 2014 to 24 May 2022. We consider him non-independent on account of his long association with the group. We do not support the resolution.
  • Invesco Mutual FundAnupam Narayan, 72, is a strategic business advisor with experience in hospitality industry and has held leadership and board positions in various hospitality groups and related companies including Best Western International, Red Lion Hotels Corp., Swiss International Hotels and a Kohlberg, Kravis & Roberts (KKR) Company. He was first appointed on the board of IHCL on 22 August 2021. He has attended all 4 (100%) board meetings held in FY26. However, we raise concern that he has been on the board of Roots Corporation, a wholly owned subsidiary of IHCL, from 1 April 2014 to 24 May 2022 and consequently his association with the Tata Group has crossed ten years. We do not support his reappointment as an Independent Director. We do not support this resolution
  • Jio BlackRock Mutual Fund, Sundaram Mutual FundAnupam Narayan, 72, is a strategic business advisor with experience in hospitality industry and has held leadership and board positions in various hospitality groups and related companies including Best Western International, Red Lion Hotels Corp., Swiss International Hotels and a Kohlberg, Kravis & Roberts (KKR) Company. He was first appointed on the board of IHCL on 22 August 2021. He has attended all 4 (100%) board meetings held in FY26. However, we raise concern that he has been on the board of Roots Corporation, a wholly owned subsidiary of IHCL, from 1 April 2014 to 24 May 2022 and consequently his association with the Tata Group has crossed ten years. We do not support his reappointment as an Independent Director. We do not support this resolution.
  • Nippon India Mutual FundGovernance Concern: Prolonged association with the Group.
  • NJ Mutual FundAnupam Narayan, 72, is a strategic business advisor with experience in hospitality industry and has held leadership and board positions in various hospitality groups and related companies including Best Western International, Red Lion Hotels Corp., Swiss International Hotels and a Kohlberg, Kravis & Roberts (KKR) Company. He was first appointed on the board of IHCL on 22 August 2021. He has attended all 4 (100%) board meetings held in FY26. However, we raise concern that he has been on the board of Roots Corporation, a wholly owned subsidiary of IHCL, from 1 April 2014 to 24 May 2022 and consequently his association with the Tata Group has crossed ten years. We understand that his extensive experience in the hospitality sector is of value to the company: IHCL must consider appointing him as non-executive non-Independent Director. We do not support the resolution to appoint Anupam Narayan as Independent Director
  • Old Bridge Mutual Fund, Taurus Mutual Fund, Unifi Mutual FundAnupam Narayan, 72, is a strategic business advisor with experience in hospitality industry and has held leadership and board positions in various hospitality groups and related companies including Best Western International, Red Lion Hotels Corp., Swiss International Hotels and a Kohlberg, Kravis & Roberts (KKR) Company. He was first appointed on the board of IHCL on 22 August 2021. He has attended all 4 (100%) board meetings held in FY26. However, we raise concern that he has been on the board of Roots Corporation, a wholly owned subsidiary of IHCL, from 1 April 2014 to 24 May 2022 and consequently his association with the Tata Group has crossed ten years. We understand that his extensive experience in the hospitality sector is of value to the company: IHCL must consider appointing him as non-executive non-Independent Director. We do not support the resolution to appoint Anupam Narayan as Independent Director.

  20 for20 against
• Revision in terms of remuneration of Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer.

  40 for0 against

Mutual fund votes, meeting of 7 Jul 2025, 38 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

• To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess

  37 for0 against
• To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial Year ended March 31, 2025, together with the Report of the Auditors thereon.

  37 for0 against
• To declare a dividend on Equity Shares for the Financial Year ended March 31, 2025.

  37 for0 against
• To appoint a Director in place of Mr. N. Chandrasekaran (DIN: 00121863) who retires by rotation and, being eligible, offers himself for re-appointment.

  37 for0 against
• Appointment of Secretarial Auditors of the Company.

  38 for0 against

• Unlisted stake boughtBrij Hospitality Private LimitedSince 21 Apr 2026

  51.00% bought in the quarter; holding 51.00%, from 0.00%

• Tax disputeEnforcement Directorate, Mumbai (ED)Since 18 Mar 2002
  Proceedings before Appellate Tribunal: Status Quo Proceedings before Bombay High Court: the Writ Petition wherein certain Show Cause Notices were challenged stand allowed vide Judgement dated 17.06.2026 and said Show Cause Notices stand quashed.MoreLess
  At the filing before: With respect to appeals pending before Appellate Tribunal concerning orders relating certain Show Cause Notices, on 03.02.2025, the Appellate Tribunal had directed the Company to deposit 10% of the total adjudicated demand amount involved in the appeals i.e. Rs. 1.20 crores, during the pendency of the appeals, which stand complied with. Also, the Company had filed a Writ Petition before the Bombay High Court challenging the issuance of certain show cause notices (apart from those which are subject matter of appeals before Appellate Tribunal) and the same was pending.MoreLess
• Tax disputeNew Delhi Municipal Council (Taj Palace Delhi, Property Tax Case)Since 16 Jan 2018
  Property Tax invoice demanding ~ Rs. 11.45 Crores for the year 2026–27 and showing tax arrears of ~ Rs.199 Crores till 2025-26 was issued by NDMC to IHCL. IHCL replied to NDMC stating that in view of the stay granted by the Delhi High Court in the past from time to time, there is no basis to seek recovery of the amount. They were also informed that IHCL shall approach the Delhi High Court to seek appropriate directions in terms of orders previously passed for the earlier years. Application in this regard is under preparation and shall be filed.MoreLess
  At the filing before: A Property Tax Bill of Rs 195.06 crs. was received, which comprised of Rs. 11.46 Cr. and rest towards past period. The Company has challenged the said demand by filing an IA in the pending Writ Petition. On the basis of earlier stay order the Court directed deposit of Rs. 5 crs within 4 weeks and stayed the entire impugned Demand. In compliance of the said Order, Rs. 5 crs was deposited. Further, property tax bill demanding Rs.11.45 Crs showing tax arrears of Rs.190 Crores was issued by NDMC to IHCL. IHCL has issued a reply to NDMC apprising that in view of stay granted by the Delhi High Court on earlier occasions in the pending writ petition, there is no basis to seek recovery of amount mentioned in the bill. Application seeking stay of such demand filed and pending for hearing. Delhi High Court stayed the demand under Property Tax bill dated 28.05.2025 subject to deposit of Rs. 2 Crores by IHCL with NDMC within 4 weeks. In compliance of the same Rs. 2 Crores stands deposited with NDMC by IHCL.MoreLess
• Tax disputeCommissioner of Central Excise & CGST, UdaipurSince 30 Apr 2024
  The Appeal before Goods and Services Tax Appellate Tribunal (GSTAT) has been filed on June 29, 2026.
  At the filing before: The Commissioner appeal had upheld the order received as on October 8, 2025, and were in the process of filing appeal before the Appellate Tribunal
• Tax disputeMr. Sunil Gupta; Arens Goldsouk International Limited (Roots Corporation Limited Ludhiana Matter)Since 19 Nov 2012
  Status quo
  At the filing before: Arbitral Tribunal passed an award dated 28.11.2025 holding that the arbitration is a non-starter, did not delve into merits and no relief was granted. Mr. Sunil Gupta has challenged the arbitral award by filing an application under section 34 of Arbitration and Conciliation Act, 1996 before Delhi High Court. The Court issued notice and the matter is pending.MoreLess
• Tax disputeMumbai Port Trust (Mumbai Port Authority) (Taj Mahal Palace and Towers, Mumbai - Lease Matter)Since 3 Sep 2012
  Status quo
  At the filing before: Due to change in the pecuniary jurisdiction, the matter has been transferred from Bombay High Court to City Civil Court. The Company has filed Chamber Summons to bring on record the subsequent Demands raised by the Lessor.MoreLess
• Tax disputeSonia Raj Sood (Public Interest Litigation (“PIL”) against the Company and its Wholly Owned Subsidiary)Since 7 Apr 2012
  Status quo
  At the filing before: The Petitioner has filed an Interim Application (IA), challenging inter-alia BMC's amended approval plans. The IA is not yet listed for hearing.
• Tax disputeBrihanmumbai Municipal Corporation (“BMC”) (ELEL Hotels & Investments Limited – Property Tax Matter)Since 6 Apr 2018
  Status quo
  At the filing before: WP pending before the High Court

In the company's own words, from its latest governance filing.

The board is made up as the listing rules require

Yes

The board has a regular chairperson

Yes

The company has a risk management committee

Yes

The chair is related to the managing director

No

The filing has a part on fines and penalties

No

The filing has a part on tax disputes

Yes

There was a cyber security incident in the quarter

Yes

The company's own answers in its filing.