EIH Limited — Important, 04-06-2025: General Updates

EIH Limited has settled an Rs.18.94 crore penalty related to its Wildflower Hall property. The company will transfer 2.6 crore MRL shares to the State for Rs.13 crore based on JV Agreement valuation, not market price. An advance of Rs.136.19 crore paid to MRL will convert to equity, with 50% repayable to EIH. The State now fully owns MRL. EIH is assessing the financial impact and considering legal options.