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EIH Ltd Regulatory Filings 2020
60730_rns_2020-07-24_853c5c72-f58a-4e1d-95a3-54aaaf27d716.pdf
Regulatory Filings
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CIN:L55101WB1949PLC017981
CORPORATE OFFICE: 7 SHAM NATH MARG, DELHI -110054, INDIA / TELEPHONE: +91-11-23890505/ WEBSITE: WWW.EIHLTD.COM
24th July 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 31st March 2020.
Kindly take the above on record and host on the website.
Thank you,
Yours faithfully
For EIH Limited
Tejasvi Dixit Asst. 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 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 Mr. Anil K. Nehru Mr. Sudipto Sarkar Mr. L. Ganesh EIH Employees' Gratuity Fund Mr. Sanjay Gopal Bhatnagar EIH Executive Superannuation Scheme Mr. Kallol Kundu 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
Enterprises which are post employment benefit plan for the benefit of employees
EIH Limited
Transactions with Related Parties for the half year ended 31st March, 2020
| Amounts in INR | ||||
|---|---|---|---|---|
| NATURE OF TRANSACTIONS | Associates & JointVentures | Enterprises inwhich KeyManagementPersonnel have | Key ManagementPersonnel/Relativeof KeyManagement | Enterprises whichare postemploymentbenefit plan for the |
| Joint Control | Personnel | benefit of | ||
| employees | ||||
| PURCHASES | ||||
| Purchase of Goods & Services | ||||
| Mercury Car Rentals Private Limited | 6,48,22,477 | - | - | - |
| EIH Associated Hotels Limited | 71,61,131 | - | - | - |
| Island Resort Ltd | 8,64,448 | - | - | - |
| Oberoi Hotels Pvt Ltd | - | 18,359 | - | - |
| Oberoi International LLP | - | 24,50,721 | - | - |
| Total | 7,28,48,057 | 24,69,080 | - | - |
| EXPENSES | ||||
| Rent | ||||
| EIH Associated Hotels Limited | 6,39,000 | - | - | - |
| Oberoi Hotels Pvt Ltd | - | 1,80,000 | - | - |
| Ms. Natasha Oberoi, D/o Mr. P.R.S.Oberoi | - | - | 1,80,000 | - |
| Total | 6,39,000 | 1,80,000 | 1,80,000 | - |
| Royalty | ||||
| Oberoi Hotels Pvt LtdTotal | -- | 9,11,83,6979,11,83,697 | -- | -- |
| Short-term employee benefits | ||||
| Mr. P.R.S. Oberoi | - | - | 2,82,53,830 | - |
| Mr. S.S. Mukherji | - | - | 2,49,87,785 | - |
| Mr. V.S.Oberoi | - | - | 2,66,67,078 | - |
| Mr. A.S. Oberoi | - | - | 2,35,82,756 | - |
| Mr. Kallol Kundu | - | - | 57,88,783 | - |
| Mr. S N SridharTotal | -- | -- | 36,30,58011,29,10,813 | -- |
| Post-employment benefits | ||||
| Mr. V.S.Oberoi | - | - | 2,40,232 | - |
| Mr. A.S. Oberoi | - | - | 3,86,488 | - |
| Mr. Kallol Kundu | - | - | 5,44,765 | - |
| Total | - | - | 11,71,485 | - |
| Directors' sitting fees | ||||
| Mr. P.R.S. Oberoi | - | - | 40,000 | - |
| Mr. V.S.Oberoi | - | - | 2,40,000 | - |
| Mr. A.S. Oberoi | - | - | 40,000 | - |
| Mrs. Nita M. Ambani | - | - | 1,50,000 | - |
| Mr. Manoj Harjivandas Modi | - | - | 1,00,00050,000 | - |
| Mr. Rajeev GuptaMr. Anil K. Nehru | -- | -- | 6,00,000 | -- |
| Mr. Sudipto Sarkar | - | - | 3,00,000 | - |
| Mr. L. Ganesh | - | - | 3,00,000 | - |
| Mr. Sanjay Gopal Bhatnagar | - | - | 1,00,000 | - |
| Ms. Chhavi Rajawat | - | - | 1,30,000 | - |
| Mr. S N SridharTotal | -- | -- | 40,00020,90,000 | -- |
| Total Key management personnel compensation | - | - | 11,61,72,298 | - |
| SALES | ||||
| Sale of Goods and Services | ||||
| Mercury Car Rentals Private LimitedEIH Associated Hotels Limited | 1,25,20,46316,41,96,792 | -- | -- | -- |
| Island Resort Ltd | 11,74,229 | - | - | - |
| La Roseraie De L'atlas | 77,01,064 | - | - | - |
| Oberoi International LLP | - | 2,832 | - | - |
| Oberoi Hotels Pvt Ltd | - | 63,52,572 | - | - |
| Total | 18,55,92,548 | 63,55,404 | - | - |
| Sale of Fixed Assets | ||||
| EIH Associated Hotels LimitedTotal | 1,52,7541,52,754 | -- | -- | -- |
| NATURE OF TRANSACTIONS | Associates & Joint | Enterprises in | Key Management | Enterprises which |
|---|---|---|---|---|
| Ventures | which Key | Personnel/Relative | are post | |
| ManagementPersonnel have | of KeyManagement | employmentbenefit plan for the | ||
| Joint Control | Personnel | benefit of | ||
| employees | ||||
| INCOME | ||||
| License Agreement | ||||
| Mercury Car Rentals Private Limited | 6,60,809 | - | - | - |
| EIH Associated Hotels Limited | 5,98,670 | - | - | - |
| Oberoi Holdings Pvt Ltd | - | 7,36,626 | - | - |
| Oberoi Investments Pvt Ltd | - | 2,95,463 | - | - |
| Oberoi Bldgs & Investments Pvt Ltd | - | 8,43,896 | - | - |
| Oberoi Plaza Pvt Ltd | - | 14,86,911 | - | - |
| Bombay Plaza Pvt Ltd | - | 9,39,027 | - | - |
| Total | 12,59,479 | 43,01,925 | - | - |
| Management Contract | ||||
| EIH Associated Hotels Limited | 12,46,36,647 | - | - | - |
| La Roseraie De L'atlas | 24,09,660 | - | - | - |
| Island Resort Ltd | 3,46,13,842 | - | - | - |
| Total | 16,16,60,149 | - | - | - |
| PAYMENTS | ||||
| Investment in Equity Shares | ||||
| La Roseraie De L'atlas | 17,72,31,304 | - | - | - |
| Total | 17,72,31,304 | - | - | - |
| Refund of Collections to Related Party | ||||
| EIH Associated Hotels Limited | 1,30,86,345 | - | - | - |
| Total | 1,30,86,345 | - | - | - |
| Expenses reimbursed to Related Party | ||||
| EIH Associated Hotels Limited | 40,77,810 | - | - | - |
| Mercury Car Rentals Private Limited | 12,897 | - | - | - |
| Oberoi Hotels Pvt Ltd | - | 94,565 | - | - |
| Total | 40,90,707 | 94,565 | - | - |
| Advance to Related Party | ||||
| Oberoi Mauritius Ltd | 1,31,75,605 | - | - | - |
| La Roseraie De L'atlas | 10,19,56,819 | - | - | - |
| Total | 11,51,32,424 | - | - | - |
| RECEIPTS | ||||
| Sale of Equity Shares | ||||
| EIH Associated Hotels Limited | 48,000 | - | - | - |
| Total | 48,000 | - | - | - |
| Recovery of Collections by Related Party | ||||
| EIH Associated Hotels Limited | 18,20,589 | - | - | - |
| Oberoi Hotels Pvt Ltd | - | 4,17,145 | - | - |
| Total | 18,20,589 | 4,17,145 | - | - |
| Expenses Reimbursed by Related Party | ||||
| Mercury Car Rentals Private Limited | 7,14,769 | - | - | - |
| EIH Associated Hotels Limited | 1,21,57,598 | - | - | - |
| Oberoi Hotels Pvt Ltd | - | 10,32,989 | - | - |
| La Roseraie De L'atlasTotal | 71,94,0392,00,66,407 | -10,32,989 | -- | -- |
| Repayment of Advance to Related Party | ||||
| La Roseraie De L'atlas | 17,72,31,304 | - | - | - |
| Total | 17,72,31,304 | - | - | - |
| Refund of Gratuity | ||||
| EIH Employee's Gratuity FundTotal | -- | -- | -- | 6,71,96,2556,71,96,255 |
EIH Limited
Outstanding Balances as on 31st March, 2020
| Amounts in INR | ||||
|---|---|---|---|---|
| NATURE OF TRANSACTIONS | Associates & | Enterprises in which | Key Management | |
| Joint Ventures | Key Management | Personnel/Relative of | ||
| Personnel have Joint | Key Management | |||
| Control | Personnel | |||
| PAYABLES | ||||
| For Goods & Services | ||||
| Mercury Car Rentals Private Limited | 1,80,65,657 | - | - | |
| EIH Associated Hotels Limited | 1,84,09,886 | - | - | |
| Island Resort Ltd | 1,59,157 | - | - | |
| Oberoi Hotels Private Limited | - | 67,477 | - | |
| Oberoi International LLP | - | 8,56,873 | - | |
| Mr. V.S.Oberoi | - | - | 39,500 | |
| Mrs. Nita M. Ambani | - | - | 45,000 | |
| Mr. Manoj Harjivandas Modi | - | - | 45,000 | |
| Mr. Anil K. Nehru | - | - | 1,35,000 | |
| Mr. Sudipto Sarkar | - | - | 90,000 | |
| Mr. L. Ganesh | - | - | 1,35,000 | |
| Mr. Sanjay Gopal Bhatnagar | - | - | 68,800 | |
| Total | 3,66,34,700 | 9,24,350 | 5,58,300 | |
| Royalty | ||||
| Oberoi Hotels Private Limited | - | 3,68,72,531 | - | |
| Total | - | 3,68,72,531 | - | |
| Security Deposit | ||||
| Bombay Plaza Private Limited | - | 5,00,000 | - | |
| Total | - | 5,00,000 | - | |
| Other Payable | ||||
| EIH Associated Hotels Limited | 50,52,865 | - | - | |
| Total | 50,52,865 | - | - | |
| LOANS & ADVANCES AND RECEIVABLES | ||||
| For Goods & Services | ||||
| Mercury Car Rentals Private Limited | 31,20,152 | - | - | |
| EIH Associated Hotels Limited | 7,28,41,476 | - | - | |
| Island Resort Ltd | 8,11,168 | - | - | |
| La Roseraie De L'atlas | 2,61,78,835 | - | - | |
| Oberoi Hotels Pvt Ltd | - | 32,96,042 | - | |
| Bombay Plaza Pvt Ltd | - | 1,00,536 | - | |
| Total | 10,29,51,631 | 33,96,578 | - | |
| Management Contract | ||||
| EIH Associated Hotels Limited | 9,31,67,024 | - | - | |
| Total | 9,31,67,024 | - | - | |
| Advance to Related Party | ||||
| La Roseraie De L'atlas | 54,23,565 | - | - | |
| Oberoi Mauritius Ltd | 49,87,92,887 | - | - | |
| Total | 50,42,16,452 | - | - | |