YEAR EVENTS 1987 - The company was incorporated on 13th March, at Mumbai and obtained it's Certificate of commencement of business on 15th July. It was promoted in technical & financial collaboration with Ramada (U.K.) by Sunder G. Advani & Haresh G. Advani. The main objective of the company is to manufacture Setting up of a 5-Star Luxury resort. 1989 - The company undertook to set up a 5-Star luxury resort comprising 140 rooms (including 6 villas) in a terraced garden pattern in an estate on the Lova beach, Veria, Goa. Gherzi Eastern Ltd; was to provide detailed architectural planning & designing of technical installation & utilities, as also day-to-day supervision at the site through out the implementation of the project. The project was expected to be commissioned by October/November. - Allotted 10,64,000 shares to promoters, directors, etc. and 1,63,919 shares to NRIs on repatriation basis. 3,00,000 cumulative convertible Pref. shares (CCPs') were privatley placed with UTI at par. - 32,72,081 No. of equity shares were then issued at par out of which the following shares were reserved and allotted: - (i) 3,36,000 No. of equity shares to Indian resident directors, their friends etc.; - (ii) 4,50,000 No. of equity shares to Ramada (U.K.) Ltd.; - 7,36,081 No. of equity shares to NRIs in repatriation basis. - Out of the remaining 17,50,000 No. of equity shares, 2,25,000 shares reserved for preferential allotment to employees, etc. but only 300 shares taken up. - The balance 15,25,000 shares along with 2,24,700 shares not taken up by employees' were offered for public subscription during September. Additional 1,87,200 No. of equity shares were allotted to the public to retian oversubscription. 1990 - However, due to non-availability of the company's hotel from `Ramada Hotel' to Ramada Renissance, Resort' the completion was delayed. The soft opening of Ramada Renaissance Resort was made in June to April 1991. 1991 - The end of the September, all but beauty parlour and billiard room were commissioned. These two were to be commissioned in October. - The company had entered into an agreement with Ramada (U.K.) Ltd. for pre and post opening technical marketing & sales assistance, assistance in recruiting & training of personnel etc. As per the franchise agreement entered into with Ramada (U.K.) Ltd., the collaborators were to provide assistance in marketing and defining strategies for advertising & promotion. The company would be linked to Ramadas computerised reservation system operated throughout its sales offices worldwide. - During May, the Company issued 10,80,000 No. of equity shares of Rs. 10 ach for cash at par to the then existing equity shareholders on rights basis in proportion 23:100. All were taken up. - The Company also offered 54,000 No. of equity shares of Rs. 10 each for cash at par to the employees of the Company. None were taken up and all were allowed to lapse. - Simultaneously, 4,80,000 No. of equity shares of Rs. 10 each were issued at par and allotted to promoters by way of conversion of their unsecured loan into equity capital. The allotment of shares was made in June. - Each preference share of Rs. 10 each fully paid up is convertible at par into one equity share of Rs. 10 each after three years but before the expiry of 5 years from the date of allotment. 1993 - 11,55,900 No. of equity shares issued at par to promoters, directors and their relatives against the outstanding interest free deposit. 1994 - To meet the increasing demand during the peak season the company started the construction work for a 62 guest room wing and 6 two bed room villas at the existing site in Goa. 6 villas and rooms expected to be ready for occupancy by November and January 1995 respectively. 2007 - The Company has splits its face value from Rs10/- to Rs2/-. 2008 -Advani Hotels & Resorts (India) Limited has appointed Mr. Ajay Vichare as the Compliance Officer, who is the Senior Manager- Corporate Finance. -Advani Hotels & Resorts (India) Limited has appointed Mr. Kumar Iyer, as a Company Secretary 2010 -The Company recommend a dividend of Rs. 0.10 per equity share for the year. - Re-appointment of Mr. K. Kannan and Mr. Prakash V. Mehta as Directors of the Company. 2011 -The Company recommended a dividend of Rs. 0.20 per equity share (i.e @ 10%) for the year -Re-appointment of Mr. Anil Harish and Mrs. Menaka S. Advani as Directors of the Company. -Registered Office of the Company has been shifted To 18A& 18B, Jolly Maker Chambers-II Nariman Point Mumbai-400021. 2014 - Advani Hotels & Resorts (India) Ltd has appointed Admiral Sureesh Mehta (Retired) and Mr. Adhiraj Harish as the Non-Executive Independent Directors of the Company. 2023 -Company's Board Of Director approved for construction of Banquet Hall Facility of approximately 22,000 square feet. 2024 -The Company has issued Bonus Shares in the Ratio of 1:1.