Hot Pursuit     14-Jun-24
EIH Associated Hotels hits life high as board OKs 1:1 bonus issue
EIH Associated Hotels rose 7.51% to Rs 908.15 after its board approved the issue of one new bonus equity share for every one existing equity share held by the shareholders as on record date.
The record date has been fixed as 29 July 2024 for determining the list of eligible shareholders entitled for bonus issue.

The bonus equity shares will be issued by capitalization of securities premium as on 31 March 2023.

A total sum of Rs 30.46 crore would be utilized from the securities premium for implementation of this bonus issue.

The total free reserves with the company at the end of FY24 were Rs 107.70 crore and an amount of Rs 30.46 crore will be appropriated from securities premium for issuance of bonus shares.

The said bonus shares would be credited within 2 months from the date of approval of board of directors, which is on or before 13 August 2024.

EIH Associated Hotels is an associate company of EIH, the flagship company of the Oberoi Group, one of the largest and most well-known hospitality groups in India. EIH holds 36.81% stake in EIH Associated Hotels.

The company reported a 40.71% jump in net profit to Rs 36.81 crore on 22.88% increase in revenue from operations to Rs 132.49 crore in Q4 FY24 over Q4 FY23.

The counter hit an all time high of Rs 925.50 in today’s intraday session.

Previous News
  EIH Associated Hotels reports standalone net profit of Rs 2.60 crore in the September 2022 quarter
 ( Results - Announcements 01-Nov-22   16:14 )
  EIH Associated Hotels standalone net profit rises 854.72% in the September 2019 quarter
 ( Results - Announcements 05-Nov-19   10:58 )
  EIH Associated Hotels standalone net profit rises 27.64% in the June 2023 quarter
 ( Results - Announcements 07-Aug-23   18:08 )
  EIH Associated Hotels to declare Quarterly Result
 ( Corporate News - 29-Nov-19   16:59 )
  EIH Associated Hotels reports net loss of Rs 3.64 crore in the September 2011 quarter
 ( Results - Announcements 01-Nov-11   17:20 )
  EIH Associated Hotels to hold board meeting
 ( Corporate News - 11-May-16   16:50 )
  EIH Associated Hotels to convene AGM
 ( Corporate News - 06-Jul-22   14:17 )
  EIH Associated Hotels to table results
 ( Corporate News - 06-Aug-20   11:09 )
  EIH Associated Hotels reports net loss of Rs 3.78 crore in the September 2009 quarter
 ( Results - Announcements 29-Oct-09   21:46 )
  EIH Associated Hotels to hold board meeting
 ( Corporate News - 17-Oct-14   10:50 )
  Board of EIH Associated Hotels decides to carry renovation work at Trident Udaipur
 ( Corporate News - 19-Apr-18   12:43 )
Other Stories
  Lupin receives EIR from USFDA for Dabhasa facility
  13-Jul-24   16:48
  RVNL secures LoA worth Rs 132 cr from Central Railway
  13-Jul-24   16:38
  EMS bags order worth Rs 141-cr from Uttarakhand Power Corp.
  13-Jul-24   16:14
  Avenue Supermarts Q1 PAT climbs 17% YoY to Rs 774 cr in FY25
  13-Jul-24   16:00
  Sunteck Realty pre-sales climbs 30% YoY to Rs 502 cr in FY25
  13-Jul-24   15:32
  Fitch Ratings revises outlook on ratings of Tata Steel to 'negative'
  13-Jul-24   14:46
  5Paisa Capital Q1 PAT jumps 38% YoY in FY25
  13-Jul-24   14:39
  HCL Tech records PAT of Rs 4,257 crore in Q1; EBIT margin at 17.1%
  13-Jul-24   11:59
  IREDA Q1 PAT rises 30% YoY to Rs 384 cr in FY25
  13-Jul-24   09:00
  GTPL Hathway slides after Q1 PAT drops 60% YoY to Rs 14 cr in FY25
  12-Jul-24   15:40
Back Top