EIH Ltd — Capital/Financing Update 2021

May 7, 2021

CIN:L55101WB1949PLC017981 CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM

7th May 2021

The National Stock Exchange of India Limited	BSE Limited
Exchange Plaza, 5th Floor	Corporate Relationship Dept.
Plot No.C/1, G Block	st Floor, New Trading Ring1
Bandra Kurla Complex	Rotunda Building
Bandra(East)	Phiroze Jeejeebhoy Towers
Mumbai - 400 051	Dalal Street, Fort
	Mumbai-400001
Code: EIHOTEL	Code:500840

Sub: Statement on deviation or variation in the utilisation of funds raised through Rights Issue

Dear Sir,

Pursuant to the provisions of regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated 24th December, 2019, we, hereby, confirm that there is no deviation or variation in the use of the proceeds of the Rights Issue from the objects stated in the Letter of Offer dated 21st September 2020.

The statement in the prescribed format as per above SEBI circular dated 24th December 2019 reviewed by the Audit Committee is attached. During the quarter and year ended on 31st March 2021, the proceeds of the Rights Issue have been fully utilised for the objects as stated in the Letter of Offer dated 21st September 2020.

Kindly take the above in your records and host on your website.

Thank you, Yours faithfully,

For EIH Limited SRIDHAR S Digitally signed by

S.N. Sridhar Company Secretary NATESAN SRIDHAR S NATESAN Date: 2021.05.07 22:56:33 +05'30'

encl: a.a

Statement of Deviation / Variation in utilisation of funds raised
Name of listed entity	EIH Limited
	Public Issues / Rights Issues /
	Preferential Issues / QIP /
Mode of Fund Raising	Others
Date of Raising Funds	20th October 2020
Amount Raised	Rs. 3,496,659,920
Report filed for Quarter ended 31st March 2021
Monitoring Agency	applicable
Monitoring Agency Name, if
applicable	ICICI Bank Limited
Is there a Deviation / Variation
in use of funds raised	No
If yes, whether the same is
pursuant to change in terms of
a contract or objects, which
was approved by the
shareholders	Not Applicable
If Yes, Date of shareholder
Approval	Not Applicable
Explanation for the Deviation /
Variation	Not Applicable
Comments of the Audit
Committee after review	No Comments
Comments of the auditors, if
any	No Comments
Objects for which funds have been raised and where there has been a deviation, in the following table
					Amount of
					Deviation/Variation
			Modified		for the quarter
			allocation, if		according to	Remarks if
Original Object	Modified Object, if any	Original Allocation	any	Funds Utilised	applicable object	any
Repayment/ prepayment in full or
in part, of borrowings	Not Applicable	Rs.2,800,000,000/-	-	Rs.2,800,000,000/-	NIL
General corporate purposes		Rs. 659,839,920/-
	Not Applicable	(approx.)	-	Rs. 664,643,732.75/-	NIL	As Per LOF, excessor shortfall in issue
						related expense are
Issue related expenses		Rs. 36,820,000/-				adjusted against
	Not Applicable	(approx.)	-	Rs. 32,016,187.25/-	NIL	General CorporatePurpose
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc
Signature
Name of Signatory	Kallol Kundu
Designation	Chief Financial Officer

TO WHOMSOEVER IT MAY CONCERN

We, ICICI Bank Limited in the capacity of Banker to the Issue, confirm that the closing balance as on March 31, 2021 for the account bearing name and account number, bearing name and account number " EIH LIMITED - RIGHT ISSUE ALLOTMENT ACCOUNT" & " 000405124114" respectively.

The closing balance in the refund account as on March 31, 2021 is NIL.

Yours Faithfully,

For ICICI Bank Limited

Authorised Signatory

Tower,

ICICI Bank Towers Fax: (91-22) 2653 1122 Near Chakli Circle, Bandra-Kurla Complex Website www.icicibank.com Old Padra Rd, Mumbai 400 051, India CIN.: L65190GJ1994PLC021012 Vadodara 390 007, India

TO WHOMSOEVER IT MAY CONCERN

We, ICICI Bank Limited in the capacity of Banker to the Issue, confirm that the closing balance as on March 31, 2021 for the account bearing name and account number, bearing name and account number " EIH LIMITED - RIGHT ISSUE ESCROW ACCOUNT" & " 000405124113" respectively.

The closing balance in the refund account as on March 31, 2021 is NIL.

Yours Faithfully,

For ICICI Bank Limited

Authorised Signatory

ICICI Bank Towers Fax: (91-22) 2653 1122 Near Chakli Circle, Bandra-Kurla Complex Website www.icicibank.com Old Padra Rd, Mumbai 400 051, India CIN.: L65190GJ1994PLC021012 Vadodara 390 007, India

TO WHOMSOEVER IT MAY CONCERN

We, ICICI Bank Limited in the capacity of Monitoring Agency, confirm that the closing balance as on March 31, 2021 for the account bearing name and account number " EIH LIMITED-RIGHT ISSUE MONITORING ACCOUNT" & " 000405124162" respectively is NIL.

The closing balance in the refund account as on March 31, 2021 is NIL.

Yours Faithfully,

For ICICI Bank Limited

Authorised Signatory

Tower,

ICICI Bank Towers Fax: (91-22) 2653 1122 Near Chakli Circle, Bandra-Kurla Complex Website www.icicibank.com Old Padra Rd, Mumbai 400 051, India CIN.: L65190GJ1994PLC021012 Vadodara 390 007, India

TO WHOMSOEVER IT MAY CONCERN

We, ICICI Bank Limited in the capacity of Refund banker, confirm that the closing balance as on March 31, 2021 for the account bearing name and account number, bearing name and account number " EIH LIMITED - RIGHT ISSUE REFUND ACCOUNT" & "001105031792" respectively.

The closing balance in the refund account as on March 31, 2021 is NIL.

Yours Faithfully,

For ICICI Bank Limited

Authorised Signatory

Tower,

ICICI Bank Towers Fax: (91-22) 2653 1122 Near Chakli Circle, Bandra-Kurla Complex Website www.icicibank.com Old Padra Rd, Mumbai 400 051, India CIN.: L65190GJ1994PLC021012 Vadodara 390 007, India