EIH Associated Hotels Ltd

Business Overview

• Operates Oberoi and Trident luxury hotels; upcoming Udaipur expansion (10 keys), Jaipur renovation (127), Vishakhapatnam new hotel (125).

Key Operational Highlights

• Q1FY27 occupancy 64-66% (+2-4% YoY); ARR ₹8,100–₹8,300; RevPAR ₹5,184–₹5,478.

Financial Performance

• Revenue from operations ₹65.9 Cr in Q1 FY27, down from ₹68.7 Cr.
• EBITDA ₹12.9 Cr; PAT ₹6.9 Cr; PBT ₹8.4 Cr.
• Total income ₹71.8 Cr; Depreciation ₹4.4 Cr; Tax ₹1.5 Cr.

Pipeline & Expansion

• Trident Udaipur expansion (10 keys); Trident Jaipur renovation (127 keys); Trident Vishakhapatnam new hotel (125 keys).

Balance Sheet & Liquidity

• Strong balance sheet; no debt or liquidity figures disclosed in this chunk.

Outlook & Strategy

• Demand momentum expected through Q2 FY27, aided by marquee MICE events and foreign tourist revival.

Risks

• Geopolitical and aviation headwinds offset by domestic demand and MICE momentum.

Meeting Details

• Board meeting on 4 August 2026 to consider unaudited quarterly results for quarter ended 30 June 2026.

Key Agenda Items

• Consider and approve unaudited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026 and reopens on 7 August 2026.

Certificate details

• Certificate under Regulation 74(5) relating to dematerialisation is enclosed.

AGM and AR disclosures

• 43rd AGM: 4 August 2026 at 4:30 PM via VC/OAVM.
• Annual Report 2025-26 accessible online on the company site.
• Web link provided to non-registered-email shareholders as of 3 July 2026.
• Dematerialisation advised for physical shareholders and update of KYC details.
• KYC forms ISR-1, ISR-2, ISR-3, SH-13, SH-14 available on MUFG Intime RTA site.
• Shareholders may update email with depository participants or RTA for future communications.
• AR details accessible via Investor > Annual-reports on the site.

Overview

• Standalone BRSR for FY2025-26 covers EIH Associated Hotels Limited's luxury hotel activities across 5 states, 7 sites.

Key ESG Risks & Opportunities

• Material risks: energy/water security, data privacy, climate and waste; opportunities include energy efficiency, governance, and CSR alignment.

Governance & Policy Highlights

• Board oversight via Risk Management Committee; anti-corruption in Code of Conduct; Whistleblower policy; privacy and human rights policies.

Social Responsibility & Workforce

• Workforce: 992 total; 443 permanent and 549 non-permanent; LTIFR: employees 4.91, workers 2.46.

Environmental Performance

• Net-zero by 2050 target; 97% sustainable input sourcing; 32.6% CAPEX on EVs and energy efficiency projects.

Stakeholder Engagement & Complaints

• Stakeholder Relationship Committee oversees engagements with six groups; 2 POSH complaints in FY25-26; no major unresolved issues.

Other Notable Metrics

• 97% inputs sourced domestically; 27% from MSMEs; 19.77 million CSR contributions; Net promoter score >85%.

Financials

• FY25-26 revenue Rs 4,031.96m, down 5.6% YoY from Rs 4,269.36m.
• EBITDA Rs 1,383.34m; PAT Rs 871.74m.
• Net worth Rs 6,024.09m.
• EPS Rs 14.31; operating margin 30.98%; net margin 21.62%.
• Dividend proposed: final Rs 3.50 per share; total Rs 213.28m.
• Cash and cash equivalents Rs 45.64m; undrawn bank facility Rs 197.70m.
• Borrowings Nil; gearing 0.01x.
• Capex incurred FY26: Rs 605.72m; expansions in Visakhapatnam, Jaipur, Udaipur, Agra.

Operations & Expansion

• Seven hotels, 784 keys; occupancy about 70.7%; RevPAR Rs 10,047; ARR Rs 14,203.
• 125-key Trident Visakhapatnam under construction; due 2028; near Bhogapuram airport.
• 127-room Jaipur renovation to reposition the property.
• Trident Udaipur adds 10 keys; Trident Agra to add a banquet facility.
• Strategic growth focused on premium experiences and disciplined investment.

Governance & Board

• Board: six members; one executive (MD Vikramjit Oberoi); five non-exec; three independents.
• Sandeep Barasia appointed Independent Director from 15-Apr-2025 for five years.
• Radhika Haribhakti concluded second term on 21-May-2025; MD Vikramjit Oberoi reappointed from 23-Jun-2025.
• Arjun Singh Oberoi to retire by rotation; recommended re-appointment as Non-Executive Chairman.
• Committees: AC, NRC, CSR, SRC, RMC; external board evaluation for FY26.
• Independent Directors’ familiarisation program hosted on company website.

Dividend & Capital Structure

• Nil borrowings; undrawn HDFC cash credit Rs 197.70m; gearing 0.01x.
• Proposed final dividend Rs 3.50 per share; Rs 213.28m.
• Equity share capital Rs 609.36m; 60,936,294 shares post-bonus.
• Promoter holdings: EIH Limited 36.81%; Satish Raheja 22.27%; Hathway Investments 14.33%.

Labour Codes & CSR

• Labour Codes led to incremental employee liability Rs 32.82m; recognised as Exceptional Item.
• CSR spend Rs 19.77m; 2% average net profit fully spent; 101 children, 651 beneficiaries.
• SOS Children’s Villages of India partnership; 10 family homes and 20 youth funded.
• Jaipur school sanitation and infrastructure uplift; 550 students benefited.
• CSR governance: CSR Committee oversight; policy links on company website.

ESG & Environment

• Energy: total 104,762 GJ; renewable 29,065 GJ; energy intensity 25.98 GJ/INR Mn.
• Water: withdrawal 389,086 KL; consumption 367,907 KL; discharge 21,179 KL; 91 KL/INR Mn.
• Waste: total 1,107.15 MT; recycled 219.1 MT; reused 151.7 MT; disposed 102.5 MT.
• Renewable electricity share: 52% in FY26; target 50% by 2030; Net-zero by 2050.
• Single-use plastics reduced; in-house glass bottling; STPs/ETPs; composting initiatives.
• NPS 85.05% across domestic hotels; 97% inputs sourced from India; 27% from MSMEs.

Risks & Outlook

• West Asia conflict disrupts air routes; inbound international tourism down; domestic demand cushions occupancy.
• Labour Codes led to non-recurring F.Y. impact; ongoing policy developments monitored.
• IMF/India growth strong; FY26-27 projected 6.9% real GDP growth; premium travel demand remains resilient.
• Rail and MICE infrastructure boosts destination demand; cost discipline to mitigate fuel/cost pressures.

Related Parties & Audit

• Related party transactions: Purchases Rs 434.28m; management contracts Rs 292.99m; royalty Rs 45.64m.
• RPT policy; arrangements approved; disclosures in financial statements.
• Auditors: Deloitte Haskins & Sells LLP; unmodified opinion; note on audit trail for one software.
• Secretarial: Chandrasekaran Associates; no qualifications.

AGM Details

• 43rd AGM on 04 Aug 2026 at 4:30 PM via VC/OAVM.
• Record date/cut-off: 28 Jul 2026.
• Remote e-voting: 01–03 Aug 2026, 10:00 AM–5:00 PM.
• Deemed venue: Registered office.

Resolutions & Dividend

• Ordinary: Adoption of Audited Financial Statements for year ended 31 Mar 2026.
• Dividend: Final₹3.50 per equity share proposed.
• Ordinary: Arjun Singh Oberoi re-appointed as Director, liable to rotate.
• Special: Atul Hiralal Shah appointed Non-Executive Independent Director for 5 years from 20 Jun 2026.
• Ordinary: Related Party Transactions with EIH Limited up to ₹1,400 million for 15 months.
• Ordinary: Directors' commission for Non-Executive Independent Directors up to 1% of net profits (₹12.5 lakh per director).
• Dividend payment target by 31 August 2026.

Director Changes

• Arjun Singh Oberoi to be re-appointed as Director, liable to retire by rotation.
• Atul Hiralal Shah appointed Non-Executive Independent Director for 5-year term from 20 June 2026.

Related Party Transactions

• RPT with EIH Limited up to ₹1,400 million for 15 months; arm's length.
• Audit Committee reviewed details and recommended approval; related party itself will not vote.
• EIH Limited is promoter; direct holding 36.81%.

EIH Associated Hotels Limited — Trading window closed from 1 July 2026 for the quarter ending 30th June 2026; the trading window will open 48 hours after the declaration of the Un-audited Financial Results and announcement of other price sensitive information, if any.