<h1>ITC demerged hotels business; board approved amalgamations and voluntary delisting, seeks NCLT approvals and appointed an independent director.</h1> ITC's hotels business was demerged effective January 2025 and is presented as discontinued operations; the board approved amalgamation of two wholly owned subsidiaries and has initiated NCLT approval processes, authorised voluntary delisting from the Calcutta Stock Exchange while retaining other listings, and recommended appointment of an independent director, with related insurance claim settlement disclosed.