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