EIH Limited has made a disclosure under Regulation 30 of the SEBI Listing Regulations regarding its subsidiary Svara Hotels Limited (erstwhile Mumtaz Hotels Limited). This disclosure follows previous communications dated 1st November 2023 and 4th November 2024 regarding the proposed Trident hotel project at Tirupati, Andhra Pradesh.
The key development is that the Government of Andhra Pradesh has provided alternate land in exchange for the earlier land allotted to Svara Hotels Limited for the Trident hotel project.
Project Details:
- Name of Unit: Trident – Tirupati
- Category: 5-star Trident Hotel with 124 keys, 132 Bays and 8 Suites
- Market Focus: Domestic and International travellers
- Revised Investment Required: ₹344 crores
- Operational Timeline: Hotel to be in operation by March 2030
- Mode of Financing: Internal accruals and debt
The disclosure references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The document was signed by Lalit Kumar Sharma, Company Secretary of EIH Limited, on 12th November 2026 at 18:32:21.
Financial impact not quantified beyond the revised investment estimate of ₹344 crores.