EIH Ltd — Capital/Financing Update 2020

Sep 17, 2020

==> picture [175 x 56] intentionally omitted <==

CIN:L55101WB1949PLC017981

CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM

		Date: 17thSeptember 2020The Calcutta Stock ExchangeLimited7, Lyons RangeKolkata 700 001**Code:**05
National Stock Exchange ofIndia LimitedExchange Plaza, 5thFloorPlot No C/1, G BlockBandra Kurla ComplexBandra (East)Mumbai 400 051**Code:**EIHOTEL	BSE LimitedCorporate Relationship Dept.1stFloor, New Trading RingRotunda buildingPhiroze Jeejeebhoy TowersDalal Street, FortMumbai 400 001**Code:**500840	The Calcutta Stock ExchangeLimited7, Lyons RangeKolkata 700 001**Code:**05

Subject: Outcome of the meeting of the Rights Issue Committee ("Committee") of EIH Limited ("Company").

Dear Sir / Madam

This is further to the meeting of the Board of Directors of the Company held on Monday, September 7, 2020 approving the offer and issue of equity shares of the Company by way of a rights issue, for an aggregate amount of up to ₹ 350 crore in accordance with applicable law, including the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, each as amended. (the " Issue ").

This is to inform you that the Committee in its meeting held today, i.e. ,17[th] September 2020 has approved the Issue on the following terms:

• a) Instrument: Equity shares of face value ₹ 2 each (“ Rights Equity Shares ”).

• b) Number of Rights Equity Shares to be issued: 53,794,768 Rights Equity Shares, for an amount aggregating to ₹ 3,496,659,920(assuming full subscription)).

• c) Rights Issue Price : ₹ 65 per equity share (including a premium of ₹ 63 per equity share over face value of ₹ 2 per share).

• d) Rights entitlement ratio : 8 equity shares for every 85 equity shares held by eligible equity shareholders of the Company as on the record date.

• e) Record date: The Committee also fixed the record date for the purpose of determining the shareholders who will be eligible to apply in the Rights Issue as 23[rd] September 2020.

The meeting commenced at 4.30 P.M. and concluded at 5.30 p.m.

==> picture [192 x 32] intentionally omitted <==

==> picture [175 x 56] intentionally omitted <==

CIN:L55101WB1949PLC017981

CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM

Further, the ISIN INE230A20015 has been allotted to the rights entitlements to be credited to the demat accounts of eligible equity shareholders of the Company.

This intimation is issued in terms of Regulations 30 and 42 and other applicable provisions of the SEBI Listing Regulations, as amended.

We request you to take the above on record and to disseminate it to your members.

Thanking you

Yours faithfully For EIH Limited

==> picture [76 x 27] intentionally omitted <==

SN Sridhar Company Secretary

==> picture [192 x 32] intentionally omitted <==