U P Hotels Ltd. Company History and Annual Growth Details

YEAR EVENTS
1962 - In December 1961, 5000 pref. shares offered at par for public
subscription.

1963 - 25,000 No. of equity shares issued for cash during the year.

1970 - In December 1,65,000 No. of equity shares issued to shareholders,
directors and employees. 1,60,000 No. of equity shares and
10,000 - 9.5% preference shares offered to public.

1973 - 1,40,000 No. of equity shares and 2,500 - 9.5% of preference
shares issued.

1975 - 3,99,000 right equity shares issued at par in prop. 3:5.

1981 - The Company was Incorporated on 13th February at Kanpur. For
Hotel and Restraurant business.

1985 - The agreement with the Companies franchised hotel at Varnasi was
renewed for a further period of 2 years with effect from 1st
October, 1986.

- The Company revalued its buildings (consisting of building,
sanitary and electrical installations) at the Agra, Jaipur and
Lucknow units as on 30th September.

1986 - The agreement with the Company's franchised hotel at Varanasi was
renewed for a further period of 2 years with effect from 1st
October.

- 4,36,000 No. of equity shares issued at par out of which
4,25,600 shares were offered as rights in prop. 2:5. The balance
10,400 shares were offered on a preferential basis to employees,
etc. but only 1,200 shares not taken up. The 9,200 shares not
taken up was added to the right issued.

1989 - Authorised capital increased. 12,00,000 bonus shares issued in
prop. 4:5.

1990 - The Company's Jaipur hotel expanded its capacity and facilities.

1993 - Construction work of the Khajuraho project was held up due to
some technical fault in the original approval.

- 27,00,000 Bonus equity shares issued in prop. 1:1

1994 - The sales decreased marginally to Rs.19.71 crores due to outbreak
of plague coupled with withdrawal of incoming flights which
affected the foreign tourists.

- Government agreed in principle to the commencement of the
Khajuraho project, Construction work expected to be commenced as
soon as NOC was received.

- The Company entered into a collaboration agreement with Ramada
International, USA. The approval of Indian Government for the
agreement was awaited.

2003

-Shareholders approved delisting of its equity shares from Delhi and Kolkata Stock Exchanges.

2006

-UP Hotels Ltd recommended a dividend of 10% i.e. Rs 1 per equity share for the financial year ended March 31, 2006.

2007

- UP Hotels Ltd recommended a dividend of 20% i.e. Rs 2 per equity share for the financial year ended March 31, 2007.

2008

- UP Hotels Ltd recommended a dividend of 100% i.e. Rs 10 per equity share for the financial year ended March 31, 2008.

2010

- UP Hotels Ltd recommended a dividend of 40% i.e. Rs. 4/- per equity share for the financial year ended March 31, 2010.

- Shri. Apurv Kumar and Rupak Gupta have been appointed as Joint Managing Directors.

- Smt. Supriya Gupta has been appointed as Executive Director.

2011

-UP Hotels Ltd recommended a dividend of 100% i.e. Rs. 10/- per equity share for the financial year ended March 31, 2011.

2012

-UP Hotels Ltd recommended a dividend of 50% i.e. Rs. 5/- per equity share for the financial year end March 31, 2012.

2013

- UP Hotels Ltd has given a bonus Shares in the ratio of 1.55:1

- UP Hotels Ltd has recommended a dividend of 50% i.e. Rs. 5/- per equity share.

2014

- UP Hotels Ltd has recommended a Dividend of 35% i.e. Rs. 3.50/- per equity share.

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