eih ltd subsidiaries

The hotel team hosts a lunch for the children, care givers and supervisors at the Home. We have no obligation to update or revise any statements, whether as a result of new information, future developments or otherwise. | EIH Ltd. ICICI Direct ResearchResult Update Exhibit 13: Three year price chart vs. Nifty . The hotel also contributed to the Ranthambore Tiger Conservation foundation to deal with the water crisis in the jungle. This DEED OF ASSIGNMENT (“Assignment”) is made and entered into on August 31st, 2018, by . The Board recommends a Dividend of Rs. During the year, the Company has not entered into any contract, arrangement or transaction with Related Parties that could be considered material in accordance with the Related Party Transaction Policy of the Company. The Policy provides for protected disclosures for the Whistle blower. The Board presents the Sixty Ninth Annual Report together with the Audited Financial Statement and the Auditor''s Report for the Financial Year ended on 31st March 2019. The Oberoi Grand, Kolkata supports Sasha, an NGO which works with local artisans for the upliftment and self-employment of women by purchasing hand-crafted products made by them. ICICI Prudential AMC to plant 50,000 tree saplings on behalf of its ESG fund investors, Sebi chief chairs meeting with corporate India on business responsibility and sustainability reporting, 1,018 entities​​​ involved in manipulation of illiquid stock opt for Sebi's one-time settlement scheme, CBDT relaxes rules for fund managers' payments, NSE-BSE bulk deals: Albula Investment buys 3.4% stake in Vikas Multicorp, Ajay Piramal wins the most contested bankruptcy bid for Dewan Housing Finance Ltd, Looking at the Sensex, one thinks problems are over. Lakshminarayan Ganesh, 65 Independent Non-Executive Director, EIH Associated Hotels Ltd. Lakshminarayan Ganesh is a businessperson who has been the head of 13 different companies. A structured questionnaire by an independent external agency covering various aspects of the Board''s functioning, Board culture, performance of specific duties by Directors and contribution to the Board proceedings was circulated to the members of the Board for the Financial Year 2018-19. c) The percentage increase in remuneration of each Executive Director, Chief Executive Officer, Chief Financial Officer, Company Secretary or Manager, if any in the Financial Year: Total remuneration includes retirement benefits, wherever applicable, * Mr. Biswajit Mitra- CFO up to 30th September 2018 ** Mr. Kallol Kundu - CFO with effect from 1st October 2018. d) The percentage increase in the median remuneration of employees in the Financial Year is 3.02%. Company is not required to maintain cost records in accordance with Section 148 of the Act read with Rule 3 of the Companies (Cost Record and Audit) Rules, 2014 as the services of the Company are not covered under the said rules. The details of Related Party Transactions are set out in Note nos. Get EIH latest Consolidated Key Financial Ratios, Financial Statements and EIH detailed profit and loss accounts. Its authorized share capital is Rs. Rank Investor Name Filing Date % O/SPosition (m) Change. In accordance with the Section 177(9) of the Act and rules framed thereunder read with Regulation 22 of the Listing Regulations, the Company has a Whistleblower Policy in place for its Directors and Employees to report concerns about unethical behaviour, actual or suspected fraud or violation of the Company''s Code of Conduct, "The Oberoi Dharma". The meeting also assessed the quality, quantity and timeliness of information required for the Board to perform its duties properly. Net Worth in the preceding accounting year 2017-18 exceeds 10% of the consolidated Net Worth of the Company but is less than 20%. The contracts, arrangements and transactions entered into by the Company during the Financial Year with related parties were in the ordinary course of business and are on an arm''s length basis. Therefore, in accordance with regulation 24A of the listing regulations, Secretarial Audit of the records of the unlisted material subsidiary, Mumtaz Hotels Limited which is incorporated in India, as on 31st March 2019, was conducted by JUS & Associates, Secretarial Auditor. The Directors recommend to Shareholders re-appointment of Mr. Vikarmjit Singh Oberoi as Managing Director and Chief Executive Officer and Mr. Arjun Singh Oberoi as Managing Director-Development for a period of 5 (five) years from 1st July 2019 and their remuneration. On the recommendation of the Nomination and Remuneration Committee at its meeting held on 28th May 2019, the Board, at its meeting held on 30th May 2019, has re-appointed Mr. Vikarmjit Singh Oberoi and Mr. Arjun Singh Oberoi for a period of 5 (five) years with effect from 1st July 2019 and approved their remuneration, subject to the approval of the Shareholders. At the meeting, the performance of the Chairman of the Company was reviewed taking into account the views of the Executive Directors, Non-executive Directors and Independent Directors. It has its Registered Office at 4, Mangoe Lane, Kolkata - 700 001, West Bengal and Corporate Office at 7, Sham Nath Marg, Delhi - 110 054. The risk, if Therefore, undue reliance should not be placed on these statements. Considering the enormous contributions of the Directors to the functioning and performance of the Company, the Board was of the unanimous view that it will be in the best interest of the Company to re-appoint them as Non-executive Independent Directors for a second term of 5 (five) consecutive years. e) The number of permanent employees on the rolls of the Company at the end of the Financial Year 3,919. f) The average percentage increase already made in the salaries of employees of the Company other than the managerial personnel in the last Financial Year is 7.1%. The company provides flight and airport services, car rental services, air charter services and a printing press. As a green initiative, the hotel also organised, sapling plantation drives at fatehsagar lake area. 18.30 crores. They were introduced to various departments within Kitchen. During the year ended 31st March 2019, one complaint was received from an employee of the Company''s Managed Hotel, Trident Gurgaon in respect of data theft from a competitor against The Oberoi Dharma, misuse of guest/ administration cars. By virtue of Share Purchase Agreement (SPA) for sale of Mercury Travels Ltd, its wholly owned subsidiary, USmart Education Ltd has become an "associate" of the Company with effect from 31st July 2018 as the Company has 25.10% investment in USmart Education Ltd. global outbreak of COVID-19 has had an adverse impact on the company’s activities and financial performance. The Directors shall be able to positively carry out their supervisory role on the management and the general affairs of the Company; - assessing the individual against a range of criteria including but not limited to industry experience, background, and other qualities required to operate successfully in the position, with due regard to the benefits of diversity of the Board; - the extent to which the individual is likely to contribute to the overall effectiveness of the Board and work constructively with existing Directors; - the skills and experience the individual brings to the role and how these will enhance the skill sets and experience of the Board as a whole; - the nature of positions held by the individual including directorships or other relationships and the impact they may have on the Director''s ability to exercise independent judgment; - the time commitment required from a Director to actively discharge his or her duties to the Company. The 5-year analysis of EIH Ltd's performance infers: EIH Ltd earnings have grown by 6.9%, whereas share price has depreciated -5.5% CAGR over the past five years, indicating the company's share price is likely undervalued. Accordingly, Dr. Chhavi Rajawat (DIN: 06752959), Independent Director of EIH Limited, was appointed as an Additional Director on the Board on 25th October 2019, liable to retire by rotation. It work with young people who are unlikely to have a viable route into legitimate employment and improve their situation without external help. The Board places on record its deep appreciation of the outstanding and valuable contributions made by Mr. Santosh Kumar Dasgupta in all areas of Board''s functioning during his long tenure of 18 years as a Non-executive Independent Director on the Board. Source: Exhibit 14: Top 10 Shareholders . EIH Holdings in turn is presently either an equity affiliate or subsidiary of EIH International Limited. EIH Flight Services Ltd, Mauritius (EIHFSL), a subsidiary, incurred a loss of Rs. c. The Oberoi and Trident Nariman Point, Mumbai donated blankets, bedsheets and personal hygiene kits etc. f) the Directors have devised proper systems to ensure compliance with the provisions of all applicable laws. EIH Limited is incorporated in 1949 with a name East India Hotels Limited, changed the name in 1996 with EIH Limited. Operational measures include setting of benchmarks with respect to the current year with targets for increased savings, initiatives by energy conservation committees comprising of cross functional groups, close monitoring & performance evaluation of plant and machinery by conducting energy audits. The Policy on Related Party Transactions approved by the Board can be accessed on the Company''s website www.eihltd.com. The entire Board, excluding the Director being evaluated, evaluated the performance of each Independent Director. EIH has also signed a letter of intent to acquire the 46% stake in its international joint venture, EIH Holdings, situated in the British Virgin Islands from Amex Investments, Hongkong. 10.2 million; iii) List of employees who were employed for a part of the year and who received remuneration which in the aggregate, was not less than Rs. The Oberoi Sukhvilas Spa Resort, New Chandigarh, The Oberoi Vanyavilas Wildlife Resort, Ranthambhore, Wildflower Hall, An Oberoi Resort, Shimla. The Company has three Joint Venture Companies, one domestic, namely, Mercury Car Rentals Private Ltd and two foreign Companies, namely, Oberoi Mauritius Ltd and La Roseraie De L''Atlas (also an Associate as per IndAS requirement) through its wholly owned foreign subsidiary. Diwali Exhibition Shop for a cause initiative was also organized in the hotel in which five NGO''s, namely, Advitya, Kubrkabi Foundation, Welfare of Stray Dogs, National Association of Blind and Shramik Nari Sangh participated. 5,144.68 million as compared to Rs. Here's why, We are not looking at undercutting competition in credit card market: IDFC First Bank CEO, What to do if you are among the victims of Karvy Broking mess, Letter from Wall Street: Dear PM Modi, your politics can wait, but the economy cannot, Becoming big is not important to us but becoming profitable is: Romesh Sobti, IndusInd Bank, Buy Castrol India, target price Rs 185: Motilal Oswal. During the year, the Company did not accept any deposits from the public. The whistle blower Policy can be accessed on the Company''s website www.eihltd.com. Girls and their teachers were invited for a fun afternoon followed by lunch at the hotel. At the 67th Annual General Meeting of the Company held in the year 2017, the Shareholders had approved the appointment of M/s. The Company''s overseas subsidiaries are i) EIH Flight Services Ltd… In accordance with the provisions of Section 204 of the Act, M/s. The hotels are also associated with Ritinjali, which is a volunteer-based organization that works with the marginalized communities in education and development related projects. The Company''s Corporate Social Responsibility (CSR) Policy formulated in accordance with Section 135 of the Act read with the Companies (Corporate Social Responsibility Policy) Rules, 2014 can be accessed on the Company''s website www.eihltd.com. Subsidiaries, Associates and Joint Ventures. 4,354.88 million in the previous year. It is hereby affirmed that the remuneration of the Executive Directors and Key Managerial Personnel are as per the Remuneration Policy of the Company. 1 Reliance Strategic B 23-Sep-19 18.5 105.91m 0.00m 2 Itc Ltd 31-Dec-19 15.0 85.62m 0.00m 3 Oberoi Hotels Pvt Lt 31-Mar-20 14.6 83.65m 0.00m The hotel also promotes "Dhonk", a socially responsible enterprise that aims at creating sustainable jobs for local villagers through art and crafts. Road, Meenambakkam, Chennai - 600 027. In accordance with regulation 34(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Business Responsibility Report describing the initiatives taken by the Company from the environmental, social and governance perspective is attached and forms part of this Report. On the recommendation of the Chief Conservator of Forest, the hotel recognized the exceptional work done by the forest guards at the Ranthambore National Park. The Oberoi, Udaivilas, Udaipur employees visited Mother Teresa Orphanage and Asha Dham Ashram for the poor, sick, mentally challenged and old people and supports them by taking care of their daily needs. In accordance with regulation 17(1A) of the listing regulations, the Shareholders have approved re-appointment of Mr. Anil Kumar Nehru by passing a special resolution by way of postal ballot and remote e-voting on 16th March 2019. The composition of the Audit Committee is as under: - Mr. Anil Nehru - Independent Director & Chairperson, - Mr. L. Ganesh - Independent Director, - Mr. Sudipto Sarkar - Independent Director, - Mr. Rajeev Gupta - Independent Director, - Mr. S.S. Mukherji - Executive Vice Chairman; and, - Mr. Arjun Oberoi - Managing Director, Development. During the Financial Year, there were no significant or material orders passed by the regulators, courts or tribunals impacting the going concern status and the Company''s operation in future. The candidates are paid a stipend and transportation during the training period. The Company is a subsidiary of EIH Limited, the holding Company. Discolsures can be made through e-mail or letter to the Whistle Officer or to the Chairperson of the Audit Committee. The Management took necessary action to the satisfaction of the Audit Committee. 3,000,000,000 and its paid up capital is Rs. The hotels are associated with Happy School, which is a school for underprivileged children. 2.99 crores during the quarter ended 30th, June 2020. The Salient features of the "Senior Management Policy" are as under: - The objective of this Policy is to provide a framework and set standards for the appointment, remuneration and termination of Key Managerial Personnel (KMP) and the Core Management Team (within the Senior Management Personnel) who have the capacity and responsibility to lead the Company towards achieving its long term objectives, development and growth; - Appointment & Remuneration of Key Managerial Personnel and Core Management Team are aligned to the interests of the Company and its Shareholders within an appropriate governance framework; - Remuneration is structured to align with the Company''s interests, taking into account the Company''s strategies and risks; - Remuneration is linked to individual and Company performance, which, in turn, impacts the quantum of variable pay; - Remuneration is designed to be competitive within the hospitality industry or general industry for applicable roles; - Executives performing similar complexity of jobs are paid similar compensation. 49 to 50. Students were invited to the hotel to demonstrate their skills to the hotel team members and were offered an opportunity to earn monetary compensation against their services. The remuneration paid to Senior Management personnel is categorised under the following major heads: Fixed Salary: This includes basic salary, other allowances, perquisites and retirement benefits; Variable Salary: This includes variable pay linked to Company and Individual performance. Presently, Vikramjit Singh Oberoi holds the position of CEO, Executive Director & Managing Director at EIH Associated Hotels Ltd., Managing Director at Island Hotel Maharaj Ltd. (a subsidiary of EIH Associated Hotels Ltd.) and Chief Executive Officer, Director & MD at EIH Ltd… In accordance with the provisions of the Act and Regulation 17(10) of the Listing Regulations, a Board Evaluation Policy is in place. Besides these, conservation measures were continued to control energy consumption by tight operational control of lighting and other equipment, regulation of air conditioning set points according to ambient temperatures, taking guest floors out of order during low occupancy, optimization of laundry and boiler operation. b) The ratio of the remuneration of each Director to the median employees remuneration for the Financial Year is as under: Mr. Prithviraj Singh Oberoi, Executive Chairman, Mr. Shib Sanker Mukherji, Executive Vice Chairman, Mr. Vikramjit Singh Oberoi Managing Director & CEO, Mr. Arjun Singh Oberoi ManagingDirector- Development, Directors'' remuneration includes retirement benefits, wherever applicable. For reprint rights: Times Syndication Service. The hotel also invited Ankur Kala and Shri Rajchandra Aatma Tatva Research Centre, NGO''s working for the rehabilitation and empowerment of marginalised and economically challenged women and children to showcase and sell their products viz. Young ladies from the Saifee Hospital Ladies Home Science Trust visited the hotel. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Stock Analysis, IPO, Mutual Funds, Bonds & More. Based on the findings from the evaluation process, the Board will continue to review its procedures, processes and effectiveness of Board''s functioning, individual directors effectiveness and contribution to the Board''s functioning in the Financial Year 2019-20 as well with a view to practice the highest standards of Corporate Governance. Founded in 1934, The Oberoi Group operates 28 hotels and three cruisers in five countries … The Company has a policy for prevention of sexual harassment at the workplace. The Company and the Board has immensely benefitted from their vast experience, knowledge and strategic insights on various matters relating to Company''s business. Facts Services, Inc. ... EIH Holdings Sweden AB. e. The Oberoi Vanyavilas, Ranthambore was involved in the welfare of local communities by providing life insurance and basic equipment to forest guards in Ranthambore. Its today's share price is 83.55. The Secretarial Audit Report submitted by the Secretarial Auditor does not contain any qualification, reservation, or adverse remark. The Complaint was thoroughly investigated by the Whistle Officer and the Whistle Committee. a) During the year, in accordance with regulation 17(6)(e) of the listing regulations, special resolutions were passed by the shareholders by way of postal ballot and remote e-voting on 16th March 2019 in respect of remuneration of Mr. Prithviraj Singh Oberoi (DIN: 00051894), Mr. Shib Sanker Mukherji (DIN: 00103770), Mr. Vikramjit Singh Oberoi (DIN: 00052014), and Mr. Arjun Singh Oberoi (DIN: 00052106). Annual Reports 2011-2012; Annual Reports 2010-2011 Taking into consideration the outcome of the performance evaluation report of the aforesaid three independent directors, the Board of Directors, on the recommendation of the Nomination and Remuneration Committee, approved and recommended to Shareholders re-appointment of Mr. Lakshminarayan Ganesh, Mr. Rajeev Gupta and Mr. Sudipto Sarkar as Non-executive Independent Directors on the Board of the Company, not liable to retire by rotation, for a second term of 5 (five) consecutive years from the respective expiry date of their current term. The group of companies affiliated through the common ownership interests of EIH Limited, Executive Chairman Mr. Prithviraj Singh Oberoi, his family and some of their affiliates, is referred to as "The Oberoi Group". The. d. The Oberoi, Bengaluru nurtures physically challenged girls and economically challenged senior citizens in association with Cheshire Home Trust. During the year, seven Board Meetings were held on 18th April 2018, 30th May 2018, 31st July 2018, 27th September 2018, 30th October 2018, 30th January 2019 and 28th March 2019 respectively. Subsidiaries of Ebix, Inc.: Ebix International LLC. 0.90 per equity share of Rs. As on 30th June, 2020, the company reported a shareholder’s deficit of Rs. h. The Oberoi, Sukhvilas on the occasion of Children''s day celebrations distributed stationary and food hampers in a nearby village school. The Report of Auditors does not contain any qualification, reservation or adverse remark. The Company''s overseas subsidiaries are i) EIH Flight Services Ltd, Mauritius; ii) EIH International Ltd, BVI; iii) EIH Holdings Ltd, BVI; iv) EIH Investments NV Netherlands; v) EIH Management Services BV, Netherlands; vi) PT Widja Putra Karya, Indonesia; vii) PT Waka Oberoi Indonesia, Indonesia and viii) PT Astina Graha Ubud, Indonesia. The hotel also provided financial aid to Annual Bird Festival for tourists and nature lovers where wild life enthusiasts and naturalists from across the world came to Udaipur during the festival. EIH Limited, under the aegis of The Oberoi Group, operates hotels and cruisers in five countries under the luxury 'Oberoi' and five-star 'Trident' brands. Particulars of loans given, investment made, guarantees given, if any, and the purpose for which the loan, guarantee and investment will be utilised are provided in the Standalone Financial Statement in Note nos. Subsidiary Companies Annual Report 2013-14. income of EIH Ltd in the previous Financial Year. These internal financial controls are adequate and are operating effectively; and. The dividend, if declared at the Annual General Meeting, will be paid on 16th August 2019 to those Shareholders whose name appear in the Register of Shareholders /Beneficial Owners as on 6th August 2019. The Board takes this opportunity to thank all employees for their commitment, dedication and co-operation. Blood Donation campaign was organised where the employees also donated bloods. Mr. Biswajit Mitra ceased to be the Chief Financial Officer of the Company with effect from 1st October 2018. JUS & Associates was appointed as the Secretarial Auditors of the Company for the Financial Year ending on 31st March 2019. EIH Share Price, EIH Stock Price, EIH Ltd. Stock/Share prices, EIH Ltd. Live BSE/NSE, F&O Quote of EIH Ltd. with Historic price charts for NSE / BSE. The hotel team also organized interactive and engaging activities for the children of the home. The company does not have a holding company. The Company has three Indian subsidiaries which are also Joint Ventures, namely, Mumtaz Hotels Ltd, Mashobra Resort Ltd and Oberoi Kerala Hotels and Resorts Ltd. to three NGOs'', namely, Cashpor Trust, Sherig Phuntsok Ling Bong Society and Bal Jeevan Trust. Subsidiaries of EIH Limited are as follows: Mashobra Resort Limited, Oberoi Kerala Hotels and Resorts Limited, Mumtaz Hotels Limited, EIH International Limited, EIH Flight Services Limited, EIH Holdings Limited, EIH Investments NV, EIH Management Services BV, PT Widja Putra Karya, PT Waka Oberoi Indonesia and PT Astina Graha Ubud. The annexed Management Discussion and Analysis forms a part of this report and covers, amongst other matters, the performance of the Company during the Financial Year 2018-19 as well as the future outlook. Never miss a great news story!Get instant notifications from Economic TimesAllowNot now, BSE:500840  |  NSE:EIHOTELEQ  |  58888:eih  |  IND:Hotels & Resorts  |  ISIN code:INE230A01023  |  SECT:Tourism & Hospitality. The hotel also supports numerous underprivileged citizens through Goonj, an NGO. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The financial highlights are set out below: Earnings Before Interest, Depreciation, Taxes, Amortisations and Exceptional items (EBIDTA), Share of Profit of Associate and Joint Venture Companies, Other Comprehensive Income/(Loss) for the year, net of tax, Total Comprehensive Income attributable to Group, Profit for the Year attributable to the Group. They were given a brief presentation on housekeeping department followed by a show around in all housekeeping areas, namely, flower room, uniform room, laundry and a guest room.

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