Mumtaz Hotels Limited
MUMTAZ HOTELS LIMITED BOARD OF DIRECTORS Mr. Prithviraj Singh Oberoi, Chairperson Mr. Shivy Bhasin, Vice Chairman Mr. Bharath Bhushan Goyal, Managing Director (upto 6th April 2019) Mr. T. K. Sibal Mr. Manish Goyal, Managing Director (w.e.f. 17th May 2019) Mr. Vikramjit Singh Oberoi Mr. Arjun Singh Oberoi Mr. Manav Goyal (w.e.f. 17th May 2019) Mr. Raj Kumar Kataria, Independent Director (upto 25th February 2020) Additional Director (w.e.f. 31st March 2020) Mr. Sandeep Kumar Barasia, Independent Director Dr. Chhavi Rajawat, Additional Director (w.e.f. 25th October 2019) CHIEF FINANCIAL OFFICER Mr. Kallol Kundu SECRETARY Mr. S.N. Sridhar AUDITORS Deloitte Haskins & Sells LLP, Chartered Accountants 7th Floor, Building 10, Tower B DLF Cyber City Complex DLF City Phase – II Gurugram – 122002 Haryana REGISTERED OFFICE 4, Mangoe Lane Kolkata 700 001 CORPORATE OFFICE 7, Sham Nath Marg Delhi 110 054 DIRECTORS’ REPORT The Members Mumtaz Hotels Limited The Board presents its Thirtieth Annual Report together with the Audited Financial Statement and the Auditor’s Report in respect of the Financial Year ended on 31st March 2020. Financial Highlights The Financial Highlights of the year under review as compared to the previous year are given below: PARTICULARS ` (in million) 2019-20 2018-19 Total Revenue 1005.42 1,071.29 Earnings before Interest, Depreciation and Amortization, Taxes 436.39 496.38 and Exceptional Items (EBIDTA) Finance Costs 0.18 0.32 Depreciation 28.12 22.34 Profit before Tax 408.09 473.72 Current Tax 105.12 135.47 Deferred Tax (18.46) 0.53 Profit after Tax 321.43 337.72 Other Comprehensive Income/(Loss), net of tax (0.47) (0.06) Total Comprehensive Income 320.96 337.66 Profit/ (Loss) Brought forward from earlier years 777.14 626.20 Dividend (154.88) (154.88) Dividend Distribution Tax (31.84) (31.84) General Reserve - - Profit/ Loss Carried Over 911.38 777.14 Performance During the Financial Year under review, the Company’s Total Revenue was ` 1005.42 million as compared to ` 1,071.29 million in the previous year.
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