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. global outbreak of COVID-19 has had an adverse impact on the company’s activities and financial performance. 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. Financials - Subsidiary Companies Annual Reports. Collaterals in all the guest rooms are placed and donations given by guests are collected and sent to CRY (Child Relief and You). 3,000,000,000 and its paid up capital is Rs. In accordance with the provisions of the Act and Regulation 17(10) of the Listing Regulations, a Board Evaluation Policy is in place. The Directors have expressed their satisfaction with the evaluation process conducted by the independent external agency. Its primary business is the ownership and management of hotels, and therefore is subject to the general risks encountered in … 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. The entire Board, excluding the Director being evaluated, evaluated the performance of each Independent Director. The meeting also assessed the quality, quantity and timeliness of information required for the Board to perform its duties properly. During the year, the company has duly complied with the applicable provisions of the Redressal Act. income of EIH Ltd in the previous Financial Year. Gurugram ARJUN SINGH OBEROI VIKRAMJIT SINGH OBEROI, 30th May 2019 Managing Director - Development Managing Director &, Click here to see performance of Sensex Companies, Click here to see performance of Nifty Companies. However, for specific investment actions please connect with your investment advisor. Mr. Anil Kumar Nehru (DIN: 00038849), a Non-executive Independent Director was re-appointed on the Board for a second term of 5 (five) consecutive years with effect from 1st April 2019 up to 31st March 2024, notwithstanding that he has attained the age of 75 years. 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%. It work with young people who are unlikely to have a viable route into legitimate employment and improve their situation without external help. The Nomination and Remuneration Committee and the Board at their respective meetings held on 28th May 2019 and 30th May 2019, noted that the above Non-executive Independent Directors are highly renowned professionals drawn from diverse fields, who bring with them a wide range of skills and experience to the Board, which enhances the quality of the Board''s functioning and its decision making process. 2 each for the Financial Year 2018-19, for approval by the Shareholders at the forthcoming Annual General Meeting. The hotels provide basic food and essentials like rice, wheat flour and oil once a month. Directors/Key Managerial Personnel (KMP) Remuneration. 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. EIH Ltd – Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. EIH Limited is a Public Limited Listed Company incorporated under the Indian Companies Act, 1913 and existing under the Companies Act, 1956 and the Companies Act, 2013. EIH Limited is incorporated in 1949 with a name East India Hotels Limited, changed the name in 1996 with EIH Limited. 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. The hotel team hosts a lunch for the children, care givers and supervisors at the Home. The Group is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters. 598.28 million as compared to Rs. They are just starting: Raghuram Rajan, Rakesh Jhunjhunwala cuts stakes in two Tata Group multibaggers, IRFC IPO: Grey market premium tepid, but brokers say issue attractive, 75% of PMS fund managers failed to beat Nifty in Dec; even biggies falter, F&O: Nifty negates higher lows; rising VIX adds to bearishness, Dalal Street investors lost over Rs 575 crore every minute today. The Company''s overseas subsidiaries are i) EIH Flight Services Ltd… The Board recommends a Dividend of Rs. In accordance with the Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("Redressal Act") and rules made thereunder, the Company has constituted an Internal Compliant Committee (ICC) in all its hotels, Oberoi Flight Services (OFS), Oberoi Airport Services (OAS), Printing Press and Corporate Office. 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 registered office of the Company is at 1/24, G.S.T. At the 67th Annual General Meeting of the Company held in the year 2017, the Shareholders had approved the appointment of M/s. | EIH Ltd. ICICI Direct ResearchResult Update Exhibit 13: Three year price chart vs. Nifty . 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. The risk, if Both hotels provide mid-day meal of high-protein soya biryani once a week. 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. Based on the responses received, the Board as a whole, the Committees, the Chairperson and individual Directors were separately evaluated in the meeting of the Independent Directors and at the meeting of the Board of Directors. The Oberoi Sukhvilas Spa Resort, New Chandigarh, The Oberoi Vanyavilas Wildlife Resort, Ranthambhore, Wildflower Hall, An Oberoi Resort, Shimla. - automatic tube cleaning systems for more number of chillers; - replacement of remaining incandescent and CFL lamps with energy efficient LED lamps; - upgradation of sewage treatment plants; - installation of new energy efficient pumps; - upgrading chiller''s with variable frequency drives operations; - installation of PLC units for Air Handling Units; - installation of heat pumps for hot water generation; - installation for condensate recovery system from calorifiers; - installation of variable frequency drives for Air Handling Units; - replacement of old chiller with more efficient chiller; - cooling tower replacement with more efficient cooling tower for chiller and installation of eco washer for water closets. 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. The company provides flight and airport services, car rental services, air charter services and a printing press. c. The Oberoi and Trident Nariman Point, Mumbai donated blankets, bedsheets and personal hygiene kits etc. The Management took necessary action to the satisfaction of the Audit Committee. Discolsures can be made through e-mail or letter to the Whistle Officer or to the Chairperson of the Audit Committee. A cooking workshop was conducted by our Executive Chef. 0.85 million per month. The Policy provides for protected disclosures for the Whistle blower. 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. The expenditure on foreign exchange during the Financial Year was Rs. 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. 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. Road, Meenambakkam, Chennai - 600 027. The details of Related Party Transactions are set out in Note nos. 0.90 per equity share of Rs. The hotel Team spent an afternoon with students from The Aditya Birla Integrated High School which offers education programme to students with learning disabilities such as dyslexia, dysgraphia, dyscalculia, dyspraxia and Attention Deficit Hyperactivity Disorder (ADHD). 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. 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. The Extract of the Annual Return for the Financial Year ended on 31st March 2019 in Form MGT-9 is annexed as Annexure 2. EIH Associated Hotels is an associate company of EIH Limited, the flagship company of The Oberoi Group, one of the largest and most well-known hospitality groups in India.