ITCHOTEL

Members of the Exchange are hereby informed that the trading in equity shares of ITC Hotels Ltd shall be suspended w.e.f April 08, 2005 (i.e. closing hours of trading on April 07, 2005) on account of Scheme of Amalgamation of ITC Hotels Ltd. with ITC Limited.

Itc Ltd. has informed the Exchange that the Scheme of Amalgamation of ITC Hotels Limited (ITCHL) and Ansal Hotels Limited (AHL) with ITC Limited (ITC) became effective from March 23,2005 (Effective Date). The Orders of the Hon'ble High Court of Delhi and the Hon'ble High Court at Calcutta sanctioning the said Scheme of Amalgamation were filed with the respective Registrar of Companies on the said date. The Company has further informed that April 18,2005 has been fixed as the Record Date for determining the members of ITCHL (a listed company) and AHL (an unlisted company) who would be entitled

Itc Hotels Ltd has informed the Exchange that the Hon'ble High Courts at Calcutta and at New Delhi have sanctioned the Scheme of Amalgamation of ITC Hotels Limited and Ansal Hotels Limited with ITC Limited, w.e.f. April 01, 2004. Certified copies of the Orders from the respective Courts are awaited.

Itc Hotels Ltd has informed the Exchange that they have issued a publication in the newspapers regarding Amalgamation Of The Company And Ansal Hotels Limited With ITC Limited. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Itc Hotels Ltd has informed the Exchange that in keeping with the Order dated September 29,2004 passed by the Hon'ble High Court of Delhi,Meetings of the Equity Shareholders and Unsecured Creditors of the Company were held on November 17,2004.The Equity Shareholders and the Unsecured Creditors of the Company approved the proposed scheme of Amalgamation of the company and Ansal Hotels Limited with ITC Limited at their respective meetings.The company has further informed that the Equity Shareholders and Unsecured Creditors of Ansal Hotels Limited,Transferor Company No.2 at their respective meeti

Itc Hotels Ltd has informed the Exchange that the Hon'ble High Court of Delhi has directed that separate meetings of the Equity Shareholders and the Unsecured Creditors of ITC Hotels Limited, being the Transferor Company No.1 be held on November 17, 2004, for the purpose of considering and if thought fit, approving with or without modification, the proposed Scheme of Amalgamation of ITC HOTELS LTD, the Transferor Company No.1 and ANSAL HOTELS LIMITED, the Transferor Company No.2 with ITC LIMITED, the Transferee Company.

Itc Hotels Ltd has informed the Exchange that the company had, in April, 1993, come out with a Public Issue of 10 lac - 17% Secured Redeemable Partly Convertible Debentures (PCDs) of the face value of Rs.500/- each for cash at par aggregating Rs.50 crores. Each PCD comprised three parts i.e., Part A of Rs.180/- which was converted into four equity shares of Rs.10/- each at a premium of Rs.35/- per share (Rs.90/- was payable on application and Rs.90/- on allotment); Part B of Rs.70/- which was converted into one equity share of Rs.10/- each at a premium of Rs.60/- per share (Rs.70/- was payable

Pursuant to a decision taken at the meeting of the BOD of the company held on August 25, 2004 the final notice was issued on September 02, 2004 to the concerned Shareholders holding shares on which allotment money was in arrears with a request to pay the allotment money dues together with interest payable @ 18% per annum, calculated for the period from August 08, 1993 till the date of payment, by way of a demand draft drawn in favour of ITC Hotels Ltd, payable at New Delhi, so as to reach the Company on or before October 05, 2004 at the Registered Office of the company at 25, Community Centre,

Clarification of News : The press had reports on November 27, 2003 that ITC may merge ITC Hotels Limited with itself. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. ITC Hotels Limited has vide its letter inter-alia stated, "In this context, we write to advise you that the company has no such proposal before the Board of Directors of the Company. We assure you that as and when such matters are considered by the