EIH Ltd — Capital/Financing Update 2021

May 7, 2021

7[th] May 2021

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CIN:L55101WB1949PLC017981

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

The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5[th] Floor Corporate Relationship Dept. Plot No.C/1, G Block 1[st] Floor, New Trading Ring 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 24[th] 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 21[st] September 2020.

The statement in the prescribed format as per above SEBI circular dated 24[th] 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 21[st] 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 SRIDHAR S NATESAN NATESAN Date: 2021.05.07 22:56:33 +05'30' S.N. Sridhar Company Secretary

encl: a.a

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		Statement of Deviation / Variation in utilisation of funds raised	Statement of Deviation / Variation in utilisation of funds raised	Statement of Deviation / Variation in utilisation of funds raised	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 forQuarter 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
inpart,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, excess or shortfall in issue
							related expense are
Issue related expenses			Rs. 36,820,000/-				adjusted against General Corporate
	Not Applicable		(approx.)	-	Rs. 32,016,187.25/-	NIL		Purpose
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 raisingdocument i.e. prospectus, letter of offer, etc
Signature	KALLOL KUNDU	Digitally signed by KALLOL KUNDU Date: 2021.05.07 22:56:51 +05'30'
Name of Signatory	Kallol Kundu
Designation	Chief Financial Officer

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Date: May 06, 2021

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

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Authorised Signatory

Regd. Office: ICICI Bank

ICICI Bank Limited Tower, ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India

Tel.: (91-22) 2653 1414

Fax: (91-22) 2653 1122 Website www.icicibank.com CIN.: L65190GJ1994PLC021012

Near Chakli Circle, Old Padra Rd, Vadodara 390 007, India

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Date: May 06, 2021

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

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Authorised Signatory

Regd. Office: ICICI Bank

ICICI Bank Limited Tower, ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India

Tel.: (91-22) 2653 1414

Fax: (91-22) 2653 1122 Website www.icicibank.com CIN.: L65190GJ1994PLC021012

Near Chakli Circle, Old Padra Rd, Vadodara 390 007, India

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Date: May 06, 2021

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 LIMITEDRIGHT 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

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Authorised Signatory

Regd. Office: ICICI Bank

ICICI Bank Limited Tower, ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India

Tel.: (91-22) 2653 1414

Fax: (91-22) 2653 1122 Website www.icicibank.com CIN.: L65190GJ1994PLC021012

Near Chakli Circle, Old Padra Rd, Vadodara 390 007, India

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Date: May 06, 2021

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

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Authorised Signatory

Regd. Office: ICICI Bank

ICICI Bank Limited Tower, ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 051, India

Tel.: (91-22) 2653 1414

Fax: (91-22) 2653 1122 Website www.icicibank.com CIN.: L65190GJ1994PLC021012

Near Chakli Circle, Old Padra Rd, Vadodara 390 007, India