h. The Oberoi, Sukhvilas on the occasion of Children''s day celebrations distributed stationary and food hampers in a nearby village school. Discolsures can be made through e-mail or letter to the Whistle Officer or to the Chairperson of the Audit Committee. Risks, uncertainties or future actions could differ materially from those expressed in the Directors'' Report and the Management Discussion and Analysis. The company provides flight and airport services, car rental services, air charter services and a printing press. 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. 1,250,728,320. The Secretarial Audit Report submitted by the Secretarial Auditor does not contain any qualification, reservation or adverse remark. In accordance with regulation 34(3) read with Schedule V(C) of the listing regulations, the report on Corporate Governance along with the Auditor''s Certificate is attached and forms part of this Report. batik, tie-n-dye, tailoring, applique, block printing, silk-screen, handmade gift packets, candles, bags and stationery products. In addition to the mandatory CSR spend in accordance with the Act, during the year, the Company''s Hotels and Service Units have also taken the following CSR initiatives: a. In accordance with the provisions of Section 134(5) of the Companies Act, 2013 ("the Act") and, based upon representations from the Management, the Board states that: a) in preparing the Annual Accounts, applicable accounting standards have been followed and there are no material departures; b) the Directors have selected accounting policies, applied them consistently and made judgments and estimates that are reasonable and prudent to give a true and fair view of the state of affairs of the Company at the end of the Financial Year and of the profit of the Company for the year; c) the Directors have taken proper and sufficient care in maintaining adequate accounting records in accordance with provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; d) the Directors have prepared the Annual Accounts of the Company on a "going concern" basis; e) the Directors have laid down internal financial controls to be followed by the Company. 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. EIH Flight Services Ltd, Mauritius (EIHFSL), a subsidiary, incurred a loss of Rs. The Company is a subsidiary of EIH Limited, the holding Company. 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. 0.85 million per month. The registered office of the Company is at 1/24, G.S.T. A Report on the performance and financial position of each of the Subsidiaries, Associate and Joint Venture Companies are provided in the Annexure to the Consolidated Financial Statement and hence are not repeated here for the sake of brevity. The average percentage increase in the managerial remuneration is Nil. 3,000,000,000 and its paid up capital is Rs. The hotels hire differently abled persons from Pallavanjali Institute for the Actualization of Individual Potential (PIAP) which is an NGO that focus on the needs of children and youth with disabilities. Mrs. Nita Mukesh Ambani retires by rotation at the forthcoming Annual General Meeting and being eligible, offers herself for re-appointment. In the area of skill development and livelihood generation, the hotels are partnered with Youth Career Initiative (YCI) which is an innovative, high-impact approach to combating global youth unemployment. As on 30th June, 2020, the company reported a shareholder’s deficit of Rs. The Complaint was thoroughly investigated by the Whistle Officer and the Whistle Committee. The meeting also assessed the quality, quantity and timeliness of information required for the Board to perform its duties properly. BOW ENERGY LTD., a body corporate formed under the laws of the Province of Alberta, Canada, having an office at 800 – 138 4 th Avenue S.E., Calgary, AB T2G 4Z6, Canada, (“Assignor”) AND The. Additionally, closure of air space by Pakistan also impacted EIH’s flight catering tie-ups with other global carriers. - 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. g. Maidens Hotels, Delhi employees visited Palna and Mother Teresa Home where breakfast and gifts were distributed. Mr. Kallol Kundu was appointed as the Chief Financial Officer of the Company with effect from 1st October 2018, in place of Mr. Biswajit Mitra at the Board Meeting held on 27th September 2018, on the recommendation of the Nomination and Remuneration Committee. It is hereby affirmed that the remuneration of the Executive Directors and Key Managerial Personnel are as per the Remuneration Policy of the Company. 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 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 Report of Auditors does not contain any qualification, reservation or adverse remark. Annual Reports 2011-2012; Annual Reports 2010-2011 It work with young people who are unlikely to have a viable route into legitimate employment and improve their situation without external help. 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". During the Financial Year 2018-19, the foreign exchange earnings of the Company amounted to Rs. 18.30 crores. Facts Services, Inc. ... EIH Holdings Sweden AB. 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. Several team members donated woolens, blankets, shawls, shoes in addition to other items of basic necessity that are used to protect against the winter cold. This DEED OF ASSIGNMENT (“Assignment”) is made and entered into on August 31st, 2018, by . The training team organized a show around for 30 students in the Kitchen and laundry departments. Pursuant to further change of name of the Company to EIH Associated Hotels Limited, a fresh certificate of incorporation was issued on 1st November, 1996 with Corporate Identification Number L92490TN1983PLC009903. 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. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Stock Analysis, IPO, Mutual Funds, Bonds & More. The Board recommends a Dividend of Rs. 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. 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. 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. Energy audits and thermography of electrical panels are carried out which will substantially help in tracing out more ways of saving the energy. EIH Ltd. was incorporated in the year 1949. We have no obligation to update or revise any statements, whether as a result of new information, future developments or otherwise. Therefore, undue reliance should not be placed on these statements. 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. Island Hotel Maharaj Limited Annual Reports . 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. 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. 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. At the Group level, a comprehensive Risk Management policy, procedure and Risk Committee is in place which is being followed by the Company’s hotel, The Oberoi Amarvilas and the Company as a whole. i. 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. 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. Ebix Singapore PTE, Ltd. Ebix FinCorp Exchange Pte Ltd. Ebix E-Learning Ventures Pte LTD. ... Ebix Money Express Pvt Ltd (f/k/a Youfirst Money Express Private Limited) EIH has 10 Subsidiaries, three Associates, and two Joint Ventures. Mr. Lakshminarayan Ganesh (DIN:00012583), Mr. Rajeev Gupta (DIN: 00241501) and Mr. Sudipto Sarkar (DIN: 00048279), Non-executive Independent Directors first term in office expires on 6th August 2019 (Mr. Lakshminarayan Ganesh and Mr. Rajeev Gupta) and on 29th October 2019 (Mr. Sudipto Sarkar). Blood Donation campaign was organised where the employees also donated bloods. EIH Holdings in turn is presently either an equity affiliate or subsidiary of EIH International Limited. The hotels provide basic food and essentials like rice, wheat flour and oil once a month. In accordance with the provisions of Section 204 of the Act, M/s. Source: Exhibit 14: Top 10 Shareholders . The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360Ëš view of the company. 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. Subsidiary Companies Annual Report 2013-14. The Board, after undertaking due assessment of the veracity of the declaration submitted by the Independent Directors under sub section (6) of Section 149 of the Act read with sub-regulation (9) of Regulation 25 of the listing regulations, was of the opinion that the Independent Directors meet the criteria of independence. At the first meeting of the Board of Directors for the Financial Year 2018-19 held on 18th April 2018, the Independent Directors have confirmed, as required under sub section (7) of Section 149 of the Act read with Regulation 25(8) of the listing regulations, that they meet the criteria of independence required under sub-section (6) of Section 149 of the Act and clause (b) of sub-regulation (1) of Regulation 16 of the listing regulations. Subsidiaries/ Joint Ventures. 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. 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. At the 67th Annual General Meeting of the Company held in the year 2017, the Shareholders had approved the appointment of M/s. 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. 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. 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 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. 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 Company has a policy for prevention of sexual harassment at the workplace. 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. During the year, the Company did not accept any deposits from the public. External agency Jet Airways operations candidates are trained by the Whistle Officer or to the satisfaction of the Annual.. 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