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India Tourism Devp. Corpn.: Announcement under Regulation 30 (LODR)-Scheme of Arrangement

In terms of Regulation 30(1) of SEBI (LODR) Regulations 2015 this is to disclose that ITDC Board in its meeting held today on lih December. 2019 has accorded inprincipal
approval regarding merger with ITDC of M/s Kumarakruppa Frontier Hotels Private Limited a Government Company under the Ministry of Tourism Govt. Of India in which the Govt. Of India holds 90.09 % shareholding with the Company.

The approval of the Board will be conveyed to the Ministry of Tourism for its consideration and onwards approval from DIPAM Ministry of Finance/CCEA etc.

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