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EIH Ltd Regulatory Filings 2019
60730_rns_2019-11-29_667305ac-ede3-498e-9518-57c0f5d02e39.pdf
Regulatory Filings
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CIN:L55101WB1949PLC017981
| EIH Limited | ||
|---|---|---|
| A MEMBER OF THE OBEROI GROUP | ||
| CIN:L55101WB1949PLC017981 | ||
| CORPORATE OFFICE: 7 SHAM NATH MARG, DELHi-110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM | ||
| 29" November 2019 | ||
| TheNational | Stock BSE Limited | CaleuttaTheStock |
| Exchange of India Limited Corporate | Relationship Exchange Limited | |
| Exchange Plaza, 5" Floor | Dept. | 7,Lyons Range |
| Plot NoC/1, G Block | 1 Floor,New Trading Ring Kolkata-700001 | |
| Bandra Kurla Complex | Rotunda Building | |
| Bandra(E) | Phiroze Jeejeebhoy Towers | |
| Mumbai-—400 051. | Dalal Street,Fort | |
| 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 30" September 2019.
Kindly take the above in your record and host on your website.
Thank you,
Yours faithfully
For EIH Limited
S.N. arid Sridhar
Company Secretary
EIA 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 partly 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 Mr. S.S. Mukherji Mr. Vikram Oberoi Mr. Arjun Oberoi Ms. Nita M. Ambani Ms. Chhavi Rajawat Mr. Manoj Harjivandas Modi Mr. Rajeev Gupta Mr. Anil K. Nehru Mr. Sudipto Sarkar Mr. L. Ganesh Mr. Sanjay Gopal Bhatnagar (appointed as a Director from 27th August, 2019) Mr. Kalle] Kundu Mr. 8.N. Sridhar Ms. Natasha Oberoi (Daughter of Mr. P.R,S, Oberoi) Ms. Priyanka Mukherjee (Daughter of Mr. $.S. Mukherji)
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 Oberoi Hotels Private Limited Oberoi Holdings Private Limited Oberoi Investments Private Limited Oberoi Buildings and Investments Private Limited Oberoi Plaza Private Limited Bombay Plaza Private Limited Oberoi International LLP
Enterprises which are post emptoyment benefit plan for the benefit of employees
EIH Employees' Gratuity Fund EIH Executive Superannuation Scheme
Associates & Joint Ventures
{a) Associates E\H 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
ELH Limited
| ELH Limited | ||||
|---|---|---|---|---|
| Transactions with Related Parties for the half year ended 30th September, 2019NATURE OF TRANSACTIONS | Amounts in INR | |||
| Joint Ventures | Key ManagementPersonnel have Joint Key ManagementControl | Personnel/Relative of Personnel | Associates & Enterprises inwhich Key Management Enterprises which arepost employmentbenefit plan for thebenefit of employees | |
| PURCHASES. | ||||
| Purchase of Goods & ServicesMercury Car Rentals Private Limited | 57,661,323 | = | 5 | - |
| IH Associated Hotels LimitedIsland Resort Ltd | 6,845,053.8,077,500 | -- | -- | -- |
| La Roseraie De L'atlas'Oberoi Hotels Pvt Ltd | 100,000- | -98,131 | -5 | -= |
| Oberoi international LLPTotal | =72,683,876 | 761,483859,614 | -J | :- |
| EXPENSES | ||||
| RentEIH Associated Hotels Limited'Oberoi Hotels Pvt Ltd | 775,547 | -180,000 | - | - |
| Ms. Natasha Oberoi, D/o Mr. P.R.S.OberojTotal | -z775,517 | S180,000 | -230,060.230,000 | ~-- |
| Royalty,'Oberoi Hotels Pvt Lid | 2 | 64,879,966 | 2 | S |
| TotalShort-term employee benefits | Ss | 64,879,966 | - | - |
| Mr. S.S, MukherjiMr, V.S.Oberoi | -- | -- | 4,410,0005,376,000 | -- |
| Mr. A.S. OberoiMr. Kallol KunduMr, S N Sridhar | -- | -- | 5,376,0008,098,7384,621,446 | -- |
| Ms. Priyanka Mukherjee, D/o Mr.S.S. MukherjiTotal | -2: | -5J | 1,533,78029,415,564 | -== |
| Post-employment benefits | ||||
| Mr. V.S.OberoiMr. A.S. Oberoi | -- | -- | 1,213,0001,369,000 | -- |
| Mr. Kallol KunduMs. Priyanka Mukherjee, D/o Mr,S.S. MukherjiTotal | -: | -: | 488,00075,0003,146,000 | -- |
| = | Si | - | ||
| Directors" sitting feesMr. P.R.S. Oberoi | - | - | 40,000 | ~ |
| Mr. V.S.OberoiMr. A.S. Oberoi | -- | -- | 240,000120,000 | -- |
| Mrs. Nita M. AmbaniMr. Manoj Harjivandas MediMr. Rajeev Gupta | -- | -- | 50,000100,000 | -- |
| Mr. Anil «. NehruMr. Sudipto Sarkar | -- | -- | 100,000600,000150,000 | =~ |
| Mr. L. GaneshMs. Chhavi Rajawat | --- | --- | 300,00050,000 | --- |
| Mr. SN SridharTotal | =Si | -E | 80,0001,830,000 | == |
| Total Key management personnel compensation | ~ | : | 34,391,964 | - |
| SALES | ||||
| Sale of Goods and ServicesMercury Car Rentals Private Limited | 6,713,218 | |||
| EIH Associated Hotels Limitedsland Resort Ltd | 170,673,6372,200,509 | --7 | --- | --- |
| 'Oberoi Hotels Pvt Ltd | -179,587,364 | 7,705,0837,705,083 | -5 | -7 |
| Sale of | 993,324 | ~ | - | = |
| EIH Associated Hotels LimitedTotal | 993,324 |
| NATURE OF TRANSACTIONS | Joint Ventures | Associates & Enterprises in which Key Management Enterprises which areKey ManagementPersonnel have Joint Control | Personnel/Relative of]Key ManagementPersonnel | post employmentbenefit plan for thebenefit of employees |
|---|---|---|---|---|
| INCOME | ||||
| License AgreementMercury Car Rentals Private LimitedEIH Associated Hotels LimitedOberoi Holdings Pvt Lid | 620,390945,218 | --681,065 | -- | -- |
| Oberoi Investments Pvt LidOberoi Bldgs & Investments Pvt LtdOberoi Plaza Pvt LtdBombay Plaza Pvt Ltd | ----a | 309,848869,7981,561,2991,041,773 | ----e | ----iS |
| TotalManagement ContractEIH Associated Hotels LimitedIsland Resort Ltd | 1,565,60340,885,87416,004,853 | 4,AG4,683-~ | --2 | :-E |
| TotalInterest'Oberoi Mauritius LtdTotal | 56,890,72712,837,30812,837,308 | =So | ~a | >a |
| Dividend ReceivedMercury Car Rentals Private LimitedEIH Associated Hotels Limited | 13,341,17850,468,031 | =-= | =-B | 7-e |
| TotalPAYMENTS | 63,809,208 | = | = | E |
| Investment in Equity SharesLa Roseraie De L'atlas | 104,796,635 | - | - | - |
| TotalRefund of Collections to Related PartyEIH Associated Hotels Limited | 104,796,6353,539,444 | =7 | 52 | 77 |
| TotalExpenses reimbursed to Related PartyEIH Associated Hotels Limited | 3,539,44410,758,973 | =- | a- | :- |
| Oberoi Hotels Pvt LtdTotal | a10,768,973 | 871,666871,666 | Ezi | 7z |
| Advance to Related Party'Oberoi Mauritius LtdLa Roseraie De L'atlasTotal | 12,837,308180,071,120192,908,428 | -5= | -5~ | --= |
| RECEIPTS.Recovery of Collections by Related PartyEIH Associated Hotels LimitedTotal | 2,678,6552,678,655 | -- | -SI | ?5 |
| Expenses Reimbursed by Related PartyMercury Car Rentals Private LimitedEIH Associated Hotels Limited | 581,27618,967,973 | -P | -o | -- |
| Oberoi Hotels Pvt LtdLa Roseraie De L'atlasTotal | a1,563,75221,113,001 | 820,870-820,870 | --: | -== |
| Repayment of Advance to Related PartyLa Roseraie De 'atlasTotal | 104,796,635104,796,635. | := | == | =7 |
| Contribution of Gratuity FundEIH Employee's Gratuity FundTotal | =~ | => | -> | 66,555,47886,555,478 |
| Refund of GratuityEIH Employee's Gratuity FundTotal | -~ | -7 | -> | 14,443,04214,443,042 |
ELA Limited
| ELA Limited | |||
|---|---|---|---|
| Outstanding Balances as on 30th September, 2019 | Amounts in INR | ||
| NATURE OF TRANSACTIONS | Associates &Joint Ventures | Enterprises in whichKey ManagementPersonnel have JointControl | |
| PAYABLES | |||
| For Goods & ServicesMercury Car Rentals Private LimitedEIH Associated Hotels LimitedIsland Resort Ltd | 8,942,46511,435,429106,546 | -7 | |
| Oberoi Hotels Private LimitedOberoi International LLP | - | -100,000 | |
| SI | 30,158 | ||
| RoyaltyOberoi Hotels Private Limited | Total | 20,484,440: | 130,15829,447,707 |
| Security Deposit | Total | - | 29,447,707 |
| Bombay Plaza Private Limited | Total | =: | 500,000500,000 |
| LOANS & ADVANCES AND RECEIVABLES | |||
| For Goods & ServicesMercury Car Rentals Private LimitedEIH Associated Hotels Limited | 2,352,50232,692,080 | -7 | |
| Island Resort LtdLa Roseraie De L'atiasOberoi Hotels Pvt Ltd | 16,448,25411,294,330: | ==851,733 | |
| Management ContractEIH Associated Hotels Limited | Total | 62,787,16617,331,539 | 851,733 |
| Total | 17,331,539 | : | |
| Advance te Related PartyLa Roseraie De L'atlasOberoi Mauritius Lid | Total | 95,216,170452,230,007547,446,177 | ==: |
