YEAR EVENTS 1970 - The company was incorporated on 18th September, 1970. The company was promoted by Reddy Group of South India to set up and operate a hotel of international standards. - The company entered into a Technical Assistants Agreements and an Operating Contract with the Indian Hotels Company Ltd. (IHC). IHC owns and operates Taj Mahal Hotel and Taj International Hotel at Mumbai. - Under the Technical Assistance Agreement, IHC were to provide the Company with a detailed project report, review and advise in the preparation of civil, mechanical and electrical plans and specifications, render certain services in decorating the hotel and inspect the site periodically. 1972 - All shares issued to promoters, etc. (1,50,000 shares without payment in cash). 1974 - In Jan. 1974, 10,000 Pref. and 8,10,000 No. of equity shares were offered at par for public subscription. 1975 - By the middle of February, the entire hotel was functioning with 224 guest rooms including 2 large suites, a coffee shop, an Indian restaurant called "Mysore", a Chinese restaurant called the "Golden Dragon", a bar, banquet hall, 2 conference rooms and a swimming pool. - 32,350 No. of equity shares forfeited. These were reissued to the existing members at Rs 7.50 per share. 1,00,000 No. of equity shares offered at par to The Indian Hotels Co. Ltd. and D.S. Reddy's relatives and friends. 1985 - The Company signed an agreement with Covelong Beach Hotel (India), Ltd., to operate their Fisherman's Cove Beach Resort near Chennai from 1st April. 1988 - The Company entered into an agreement with the International Airports Authority of India (IAAI) for operating the snack bars at the domestic and international terminals at Chennai airport. - Pref. shares redeemed on 1.10.1988. 5,80,000 bonus equity shares issued in prop. 2:5. 1989 - The Company offered 4,06,000 rights equity shares at a premium of Rs 15 per share in the proportion 1:5. Additional 60,900 shares were allotted to retain oversubscription. - The Company issued 20,300 equity shares at a premium of Rs 15 per share to the employees under the Employees' Stock Option Scheme. Additional 3,040 shares were allotted to retain oversubscription. 1990 - Effective from 1st April, the Company obtained the licence to operate the 28 cottages, 10 cabanas and the shopping arcade at Fisherman's Cove Beach Resort, Chennai. - The Company proposed to expand its activities in the form of a cake shop and a fast food outlet at Anna Nagar, Chennai. - Effective 15th May, the Company suspended the operation at Sea Pearl Hotel, Visakapatnam for renovation and expansion. The renovated hotel was recommissioned for operation in August 1992. 1993 - The Company offered 21,17,002 Rights equity shares of Rs 10 each at a premium of Rs 60 per share in proportion 3:5 (all were taken up). - Another 1,05,850 No. of equity shares of Rs 10 each were issued at a premium of Rs 60 per share to employees of the company and associate companies on an equitable basis. (1,05,688 shares taken up). 1994 - The lobby, lobby lounge and the bar of the Company's flagship hotel Taj Coromandel Chennai were commissioned after renovation in November. - The Company concluded an agreement with OHL International (HL) Ltd. for reordering technical services for the operation of Executive Plaza Hotel, Chicago, USA. - The Company issued 23,52,941 GDRs at an issue price of US $12.75. - Orient Holdings Ltd., OHL International (HK) Ltd. and Coromandel Hotels Ltd. are the subsidiaries of the Company. 1996 - The Company has signed a Licence Agreement for setting up a luxury full service apartment adjoining the proposed leisure time club at Chennai. - 54,89,740 bonus shares issued in prop. 1:2. 2000 - The Company has introduced a Voluntary Retirement Scheme (VRS) to rationalise employee deployment and made payments aggregating to Rs.8.65 crores. 2001 - Mr. P Keswani has been appointed as a director of Oriental Hotels Ltd. 2002 -Members approve for the scheme of amalgamation of Covelong Beach Hotel (India) Ltd and Coromandel Hotels Ltd with the company. -Mr Dodla Subbarama Reddy acquires 8050 equity shares of the company. -Board approves the amalgamation of Orient Holding and Fishcove leasing and Investments Ltd. -Appoints Mr Raymong Bickson as the Director of the company in the casual vacancy of Mr S Ramakrishnan. 2003 -Members approve scheme of amalgamation -Co-opts Mr D P Hariani as Additional Director -Mr. Raymond Bickson appointed as Director of the company in the casual vacancy caused by the resignation of Mr. S Ramakrishnan. 2004 - Mr. D Varada Reddy as an Additional Director of the Company. 2005 - Board of Directors of the Company has recommended a dividend of Rs 5.50 (55%) per equity share for the year ended. 2006 - Board of Directors of the Company has recommended a dividend of Rs 7.50/- (75%) per equity share. 2007 - Board of Directors of the Company has recommended a dividend of Rs 9.50 (95%) per equity share. 2008 - Mr. D R Kaarthikeyan has been appointed as an Additional Director by the Board. - Board of Directors of the Company has recommended a dividend of Rs 10.5 (105%) per equity share. 2009 - Board of Directors of the Company has recommended a dividend of Rs 9/- per equity share. 2010 - Board of Directors of the Company has recommended a dividend of Rs. 7.50 per equity share. - Board of Directors of the Company has approved an item on sub-division of the Company's Equity Shares from a face value of Rs. 10/- each to a face value of Re. 1/- each. 2011 - Board of Directors of the Company has recommended a dividend of Re. 0.80 per equity share. 2012 - Board of Directors of the Company recommended a dividend of Rs. 0.45 per share. 2013 -Mr. Anil P. Goel has been appointed as a Director. -Oriental Hotels Ltd have recommended a dividend of Rs. 0.55 per equity share. 2014 -Oriental Hotels Ltd have recommended a dividend of Rs. 0.55 per equity share.