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EIH Ltd Interim / Quarterly Report 2021
60730_rns_2020-12-03_a656085f-e419-4dd0-b8ab-9766f36bcd2d.pdf
Interim / Quarterly Report
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CIN:L55101WB1949PLC017981
CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM
3rd December 2020
| TheNationalStock | BSE Limited | TheCalcutta | Stock |
|---|---|---|---|
| Exchange of India Limited | Corporate Relationship Dept. | Exchange Limited | |
| Exchange Plaza, 5th Floor | st Floor,New Trading Ring1 | 7,Lyons Range | |
| Plot NoC/1, G Block | Rotunda Building | Kolkata-700001 | |
| Bandra Kurla Complex | Phiroze Jeejeebhoy Towers | ||
| Bandra(E) | Dalal Street,Fort | ||
| Mumbai – 400 051. | Mumbai-400001 | ||
| Code: EIHOTEL | Code:500840 | Code:05 |
Sub: Disclosure of Related Party Transactions pursuant to Regulation 23(9) SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015
Dear Sir / Madam,
Pursuant to Regulation 23(9) SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, please find enclosed disclosure of related party transactions on a consolidated basis for half year ended 30th September 2020.
Kindly take the above on record and host on the website.
Thank you, Yours faithfully
For EIH Limited
SRIDHAR S NATESAN Digitally signed by SRIDHAR S NATESAN Date: 2020.12.03 10:43:09 +05'30'
S.N. Sridhar Company Secretary
EIH Limited
List of Related Parties
In accordance with the requirements of Indian Accounting Standard (Ind AS) - 24 'Related Party Disclosures' the names of the related party where control exists / able to exercise significant influence along with the aggregate transactions and half year-end balance with them in the ordinary course of business and on arms' length basis are given below
Key Management Personnel of the company and close member of Key Management Personnel of the company
Mr. P.R.S. Oberoi Oberoi Hotels Private Limited Mr. S.S. Mukherji Oberoi Holdings Private Limited Mr. Vikram Oberoi Oberoi Investments Private Limited Mr. Arjun Oberoi Oberoi Buildings and Investments Private Limited Ms. Nita M. Ambani Oberoi Plaza Private Limited Ms. Chhavi Rajawat Bombay Plaza Private Limited Mr. Manoj Harjivandas Modi Oberoi International LLP Mr. Rajeev Gupta Oberoi Leasing and Finance Company Private Limited Mr. Anil K. Nehru Mr. Sudipto Sarkar Mr. L. Ganesh Mr. Sanjay Gopal Bhatnagar EIH Employees' Gratuity Fund Mr. Kallol Kundu EIH Executive Superannuation Scheme Mr. S.N. Sridhar Ms. Natasha Oberoi (Daughter of Mr. P.R.S. Oberoi)
Associates & Joint Ventures
(a) Associates
EIH Associated Hotels Limited La Roseraie De L'atlas Usmart Education Limited
(b) Joint Ventures Mercury Car Rentals Private Limited Oberoi Mauritius Ltd
(c) Subsidiary of Joint Venture
Island Resort Ltd
Enterprises in which Key Management Personnel and close member of Key Management Personnel have Joint Control or Significant influence with whom transactions have taken place during the half year ended September 30, 2020
Enterprises which are post employment benefit plan for the benefit of employees
EIH Limited
Transactions with Related Parties for the half year ended 30th September, 2020
| Amounts in INR | ||||
|---|---|---|---|---|
| NATURE OF TRANSACTIONS | Associates & Joint | Enterprises in | Key Management | Enterprises which |
| Ventures | which Key | Personnel / Relative | are post | |
| Management | of Key Management | employment benefit | ||
| Personnel have | Personnel | plan for the benefit | ||
| Joint Control | of employees | |||
| PURCHASES | ||||
| Purchase of Goods & Services | ||||
| Mercury Car Rentals Private Limited | 15,121,871 | - | - | - |
| EIH Associated Hotels Limited | 2,723,143 | - | - | - |
| Island Resort Ltd | 228,359 | - | - | - |
| Oberoi International LLP | - | 228,202 | - | - |
| Total | 18,073,373 | 228,202 | - | - |
| EXPENSES | ||||
| Rent | ||||
| EIH Associated Hotels Limited | 623,600 | - | - | - |
| Ms. Natasha Oberoi, D/o Mr. P.R.S.Oberoi | - | - | 90,000 | - |
| Total | 623,600 | - | 90,000 | - |
| Royalty | ||||
| Oberoi Hotels Pvt Ltd | - | 8,868,469 | - | - |
| Total | - | 8,868,469 | - | - |
| Short-term employee benefits | ||||
| Mr. S.S. Mukherji | - | - | 1,470,000 | - |
| Mr. Vikram Oberoi | - | - | 1,600,000 | - |
| Mr. Arjun Oberoi | - | - | 1,600,000 | - |
| Mr. Kallol Kundu | - | - | 9,272,449 | - |
| Mr. S N Sridhar | - | - | 4,408,526 | - |
| Total | - | - | 18,350,975 | - |
| Post-employment benefits | ||||
| Mr. Vikram Oberoi | - | - | 931,934 | - |
| Mr. Arjun Oberoi | - | - | 987,655 | - |
| Mr. Kallol Kundu | - | - | 542,815 | - |
| Total | - | - | 2,462,404 | - |
| Directors' sitting fees | ||||
| Mr. P.R.S. Oberoi | - | - | 80,000 | - |
| Mr. Vikram Oberoi | - | - | 160,000 | - |
| Mr. Arjun Oberoi | - | - | 160,000 | - |
| Ms. Nita M. Ambani | - | - | 100,000 | - |
| Mr. Manoj Harjivandas Modi | - | - | 75,000 | - |
| Mr. Rajeev Gupta | - | - | 225,000 | - |
| Mr. Anil K. Nehru | - | - | 300,000 | - |
| Mr. Sudipto Sarkar | - | - | 175,000 | - |
| Mr. L. Ganesh | - | - | 275,000 | - |
| Mr. Sanjay Gopal Bhatnagar | - | - | 50,000 | - |
| Ms. Chhavi Rajawat | - | - | 205,000 | - |
| Mr. S N Sridhar | - | - | 80,000 | - |
| Total | - | - | 1,885,000 | - |
| Total Key management personnel compensation | - | - | 22,698,379 | - |
| SALES | ||||
| Sale of Goods and Services | ||||
| Mercury Car Rentals Private Limited | 1,950,267 | - | - | - |
| EIH Associated Hotels Limited | 122,477,260 | - | - | - |
| Island Resort Ltd | 2,621,509 | - | - | - |
| La Roseraie De L'atlas | 217,030 | - | - | - |
| Oberoi Hotels Pvt Ltd | - | 7,262,543 | - | - |
| Total | 127,266,066 | 7,262,543 | - | - |
| NATURE OF TRANSACTIONS | Associates & Joint | Enterprises in | Key Management | Enterprises which |
|---|---|---|---|---|
| Ventures | which Key | Personnel / Relative | are post | |
| ManagementPersonnel have | of Key ManagementPersonnel | employment benefitplan for the benefit | ||
| Joint Control | of employees | |||
| INCOME | ||||
| License Agreement | ||||
| Mercury Car Rentals Private LimitedEIH Associated Hotels Limited | 109,145859,620 | -- | -- | -- |
| Oberoi Holdings Pvt Ltd | - | 398,349 | - | - |
| Oberoi Investments Pvt Ltd | - | 152,854 | - | - |
| Oberoi Buildings and Investments Private Limited | - | 576,643 | - | - |
| Oberoi Plaza Pvt Ltd | - | 239,845 | - | - |
| Bombay Plaza Pvt Ltd | - | 147,445 | - | - |
| Total | 968,765 | 1,515,136 | - | - |
| Management Contract | ||||
| EIH Associated Hotels Limited | 3,904,922 | - | - | - |
| La Roseraie De L'atlas | 1,797,070 | - | - | - |
| Total | 5,701,992 | - | - | - |
| Interest | ||||
| Oberoi Mauritius Ltd | 14,641,775 | - | - | - |
| Total | 14,641,775 | - | - | - |
| Dividend Received | ||||
| Mercury Car Rentals Private LimitedTotal | 7,623,5307,623,530 | -- | -- | -- |
| PAYMENTS | ||||
| Refund of Collections to Related Party | ||||
| EIH Associated Hotels Limited | 271,552 | - | - | - |
| Total | 271,552 | - | - | - |
| Expenses reimbursed to Related Party | ||||
| EIH Associated Hotels Limited | 2,270,096 | - | - | - |
| Oberoi Hotels Pvt LtdTotal | -2,270,096 | 54,30054,300 | -- | -- |
| Advance to Related Party | ||||
| Oberoi Mauritius Ltd | 14,641,775 | - | - | - |
| Total | 14,641,775 | - | - | - |
| RECEIPTS | ||||
| Recovery of Collections by Related Party | ||||
| EIH Associated Hotels LimitedTotal | 26,14626,146 | -- | -- | -- |
| Expenses Reimbursed by Related Party | ||||
| Mercury Car Rentals Private Limited | 5,054 | - | - | - |
| EIH Associated Hotels Limited | 3,286,966 | - | - | - |
| Oberoi Hotels Pvt Ltd | - | 540,815 | - | - |
| La Roseraie De L'atlasOberoi International LLP | 253,727- | -2,500 | -- | -- |
| Oberoi Holdings Pvt Ltd | - | 2,500 | - | - |
| Oberoi Leasing and Finance Company Pvt Ltd | - | 2,500 | - | - |
| Total | 3,545,747 | 548,315 | - | - |
| Contribution to Gratuity FundEIH Employee's Gratuity Fund | - | - | - | 2,223,472 |
| Total | - | - | - | 2,223,472 |
EIH Limited
Outstanding Balances as on 30th September, 2020
| Amounts in INR | ||||
|---|---|---|---|---|
| NATURE OF OUTSTANDING | Associates &Joint Ventures | Enterprises in whichKey ManagementPersonnel have Joint | Key ManagementPersonnel / Relative ofKey Management | |
| Control | Personnel | |||
| PAYABLES | ||||
| For Goods & Services | ||||
| Mercury Car Rentals Private Limited | 796,140 | - | - | |
| EIH Associated Hotels Limited | 4,843,016 | - | - | |
| Oberoi Hotels Private Limited | - | 54,300 | - | |
| Oberoi International LLP | - | 18,000 | - | |
| Total | 5,639,156 | 72,300 | - | |
| Royalty | ||||
| Oberoi Hotels Private Limited | - | 4,919,335 | - | |
| Total | - | 4,919,335 | - | |
| Security Deposit | ||||
| Bombay Plaza Private Limited | - | 500,000 | - | |
| Total | - | 500,000 | - | |
| ADVANCES AND RECEIVABLES | ||||
| For Goods & Services | ||||
| Mercury Car Rentals Private Limited | 331,138 | - | - | |
| EIH Associated Hotels Limited | 34,063,377 | - | - | |
| Island Resort LtdLa Roseraie De L'atlas | 17,48223,284,575 | -- | -- | |
| Oberoi Hotels Pvt Ltd | - | 3,499,942 | - | |
| Bombay Plaza Pvt Ltd | 247,981 | - | ||
| Oberoi Buildings and Investments Private Limited | -- | 576,643 | - | |
| Oberoi Holdings Pvt Ltd | - | 400,849 | - | |
| Oberoi International LLP | - | 2,500 | - | |
| Oberoi Plaza Pvt Ltd | - | 239,845 | - | |
| Oberoi Leasing and Finance Company Pvt Ltd | - | 2,500 | - | |
| Oberoi Investment Pvt Ltd | - | 152,854 | - | |
| Total | 57,696,572 | 5,123,114 | - | |
| Management Contract | ||||
| EIH Associated Hotels Limited | 2,998,184 | - | - | |
| La Roseraie De L'atlas | 1,620,615 | |||
| Total | 4,618,799 | - | - | |
| Advance to Related Party | ||||
| La Roseraie De L'atlas | 5,303,010 | - | - | |
| Oberoi Mauritius Ltd | 502,377,004 | - | - | |
| Total | 507,680,014 | - | - | |