The Indian Hotels Company Limited — PPTs, 24-08-2026: Investor Presentation

IHCL's board has approved the merger of Oriental Hotels Limited (OHL) with the company, a strategic move to simplify its group structure. This all-stock deal is expected to be EPS accretive from year one, aiming for completion by FY28, with financial consolidation starting April 1, 2027.

The merger brings 7 OHL hotels, totaling 825 rooms (including 3 freehold properties), into IHCL, significantly strengthening its presence across Southern India to over 2,100 operating keys. IHCL will issue 25 shares for every 117 OHL shares, resulting in ~1.6% dilution.

This integration opens doors for asset management opportunities, including renovations, upgrades, and expansions at properties like Taj Fisherman's Cove and Taj Coromandel. OHL's operating revenue is projected to grow from ₹440 Cr (FY25) to ₹494 Cr (FY26) post-merger, with EBITDA rising from ₹110 Cr to ₹132 Cr, pushing EBITDA margins to 30%+. Management highlights this as a "win-win merger," enhancing financial profiles and driving sustained profitability through synergies and asset optimization.