EIH Limited shareholders overwhelmingly approved the declaration of a ₹1.50 per share dividend for FY26 and the re-appointment of Manoj Harjivandas Modi as a director during the company’s 76th Annual General Meeting (AGM) held on August 7, 2026. The virtual meeting, conducted via Video Conference and Other Audio Visual Means (VC/OAVM), saw nearly unanimous support across all four resolutions, reflecting strong stakeholder confidence in the company’s governance and financial stewardship.

The AGM was presided over by Executive Chairman Arjun Singh Oberoi, who addressed 72 members present virtually. The meeting commenced at 11:30 AM IST and concluded at 1:07 PM IST. Compliance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, was maintained throughout the process. Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from August 4 to August 6, 2026, while live e-voting occurred during the session.

Voting Results Overview

All resolutions passed with substantial majority support. The consolidated scrutinizer report, prepared by Jus & Associates under the supervision of Dr. Ajay Kumar Jain (FCS-1551), confirmed the validity of votes cast. A total of 441,826,956 votes were polled out of 625,364,182 shares held on the record date of July 31, 2026, representing a 70.65% participation rate.

Governance and Board Representation

Seven directors attended the meeting, ensuring robust board oversight. Attendees included Arjun Singh Oberoi (Executive Chairman), Vikramjit Singh Oberoi, Manoj Harjivandas Modi, Renu Sud Karnad, Raj Kumar Kataria, Peter James Holland Riley, and Chhavi Rajawat. Mr. Oberoi delivered a speech outlining operational achievements and future outlook, while the Notice of Meeting and Auditors’ Report were taken as read.

Scrutiny and Compliance

Dr. Ajay Kumar Jain, appointed as Scrutinizer by the Board on May 26, 2026, validated the e-voting process in accordance with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. Witnesses CS Vandita Jain and CS Nikita Rohilla confirmed the unblocking of votes at 1:07 PM IST. The Consolidated Scrutinizer’s Report was submitted to stock exchanges on August 7, 2026, and is available on the company’s website and NSDL portal.

What the Numbers Show

The near-unanimous approval across all resolutions underscores strong alignment between promoters, institutional investors, and retail shareholders. Notably, promoter group holdings (205,423,072 shares) voted entirely in favour of all proposals, while public non-institutional investors showed 99.99% support for financial statements and dividend declaration. The minimal dissent — particularly 107,645 votes against Modi’s re-appointment from public institutions — reflects isolated concerns rather than systemic governance issues.

EIH Limited reported a standalone net profit of ₹127 crore for the quarter ended June 30, 2026, marking a 248% year-on-year increase from ₹36.36 crore in Q1FY26. The significant jump was primarily driven by robust operational performance, with standalone revenue growing 15% to ₹658 crore and consolidated revenue rising 15% to ₹698 crore. Consolidated net profit attributable to owners rose 247% to ₹117.14 crore (reported as ₹120 crore in the press release summary), reflecting strong underlying business momentum across its hotel portfolio. The dramatic improvement in profitability is notable given that the prior-year period included a ₹110.32 crore exceptional loss related to the Mashobra Resort Limited (MRL) dispute resolution, which was absent in Q1FY27.

Financial Performance Highlights

*Figures rounded as per press release summary; detailed financials show ₹599.80 crore standalone revenue and ₹117.14 crore consolidated PAT.

Operating expenses increased in line with revenue growth. Employee benefits expense rose to ₹148.73 crore (standalone) and ₹161.03 crore (consolidated), while other expenses grew to ₹237.09 crore and ₹260.69 crore respectively. Finance costs remained stable at ₹3.69 crore standalone and ₹5.59 crore consolidated. Earnings per share (basic) improved significantly to ₹2.03 from ₹0.58 on a standalone basis, and to ₹1.87 from ₹0.54 on a consolidated basis.

Expansion and Strategic Initiatives

EIH Limited continues to strengthen its development pipeline through carefully selected projects that align with its long-term vision. Recent additions to its portfolio include The Oberoi Rajgarh Palace, Khajuraho, and Naila Fort, an Oberoi Residence in Jaipur. Naila Fort marks the first residence managed by EIH. Additionally, the company added six new properties under management agreements in the last quarter:

• The Oberoi, Kabini: A 60-key luxury wildlife resort adjoining Nagarhole National Park
• The Oberoi, Hampi: A 60-key luxury resort near the UNESCO World Heritage Site of Hampi
• The Oberoi, Coorg: A 100-key luxury resort in South India
• The Oberoi Cairo: A 147-key luxury hotel strengthening international presence in Egypt
• Trident, Amritsar: A 150-key hotel in a key spiritual tourism destination
• Trident, Pavana: A 150-key leisure hotel near Mumbai

These developments support EIH's aspiration to significantly expand its portfolio by 2030. The company also highlighted its commitment to sustainability, noting that over 40% of its electrical consumption is from renewable sources, with a target to increase this to over 70% by 2030 as part of its Net Zero emissions goal by 2050.

What the Numbers Show

The dramatic turnaround in profitability underscores the successful normalization of EIH Limited’s financials following the conclusion of the long-standing MRL dispute. In Q1FY26, the company recorded a ₹110.32 crore exceptional loss due to adjustments in the value of its investment in MRL and write-downs of recoverable advances. With these one-time charges absent in Q1FY27, the current quarter’s results reflect pure operational strength. Revenue growth exceeding 15% indicates strong demand recovery and pricing power in the luxury hospitality segment, particularly as the company navigates the post-pandemic travel landscape. The consistent growth in EBITDA (7% standalone, 6% consolidated) alongside higher revenue suggests effective cost management despite inflationary pressures.

The Board of Directors approved the unaudited financial results during its meeting held on August 6, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Deloitte Haskins & Sells LLP, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in compliance with Indian Accounting Standard 34 on Interim Financial Reporting.