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| Registered Office : Opp. Parsi Agiari Sayajigunj Vadodra Gujarat - 390005 Tel: 2363366 2363377 |
| Business Group: Not Applicable |
Industry Type: Hotels |
Key Officials:
Mr. N D Shah
Mr. P D Shah
Mr. A C Patel
Mr. J G Patel
Mr. C P Shah |
Executive Director
Chairman / Chair Person
Director
Director
Director |
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| Public Issue Date:
Not Available |
BSE CODE: 507981 |
NSE CODE: Not Available |
| Face Value: 10 |
Market Lot: 1 |
ISIN: INE726D01016 |
| Current PE:
3.8586 |
Current Market Capital: 5.0562 |
| Promoters %: 54.3665 |
| Promoters Shares: 1915583 |
| Institution Investment
%: 0 |
| Institution Investment Shares: 0 |
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Auditor:
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Banker:
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Registrar:
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Company History: The company was incorporated on 4th May 1984 as a private limited Company. Pursuant to the resolution passed at the Extraordinary General Meeting of members held on 5.1 2.1985 it was converted into a public limited company and fresh certificate of incorporation deleting the word"private" was obtained on 24.1.86 from Registraer of Companies Ahmedabad Gujarat. The main object of the company is to carry on the business of Hotel and Restaurants. The Company has entered into the capital market in August 1986 by an issue of Equity Shares to thetune of Rs.104.98 lacs. since It has been running as a 3 star Category Hotel under the name and style `HOTEL SURYA PALACE' at Baroda. During the initial years of commercial operations the company faced numerous problems viz. frequent communal riots in the City of Baroda consecutive bad monsoon in the year 1987 & 1988 postponement of various public sector projects resultant industrial depression economicrecession etc. These factors altogether resulted in lower sales and consequent losses for the Company. Due to effective management company's losses remained under control in these difficult From the year 1991 the company turned the corner and started earning profits. Thecompany's successful operations during last 4 years are reflected in the increase in its turnover from Rs. 176 lacs in the year 1990-91 to Rs. 320 lacs in the year 1993-94 and a rise in net worth from Rs.4.91 lacs to Rs.86.16 lacs. Considering the emerging market potential and its sound footing in the market as a leading hotel in Baroda companyproposes to expand and upgrade the existing Hotel by raising the funds through Right Issue of Equity Shares. 2004 -Jindal Hotels Ltd has informed that the equity shares of the company have been delisted from Ahmedabad Stock Exchange wef March 31 2004. |
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(Source: RTGSL) |
