GRAND CONTINENT HOTELS L Share price

Our Company was originally incorporated as a private limited company under the Companies Act 1956 in the name and style of “Grand Continent Hotels Private Limited” pursuant to certificate of incorporation dated November 11 2011 issued by the RoC Chennai Tamil Nadu bearing Corporate Identity Number U55101TN2011PTC083100. Subsequently our Company was converted into public limited company pursuant to special resolution passed in the EGM held on May 27 2024 and consequently the name of our Company was changed to “Grand Continent Hotels Limited” and a fresh certificate of incorporation dated August 30 2024 consequent upon conversion from private company to public company was issued by RoC Central Processing Centre bearing CIN U55101TN2011PLC083100.MAJOR EVENTS AND MILESTONES:2011-Incorporation of our Company2016- Commencement of operations of first Hotel Grand Continent - Bannerghatta Road with 24 Keys2017- Commencement of operations of Hotel Grand Continent - Malleswaram with 34 Keys2018- Acquisition of Land and building at Indira Nagar Bengaluru- Acquisition of Land and building at Koramangala Bengaluru Karnataka India2019- Commencement of operations of Hotel Regenta Inn - Indiranagar with 40 Keys under Royal Orchid Brand.- Commencement of operations of Hotel Regenta Inn Grand - 8th Block Koramangala with 40 Keys under Royal Orchid Brand.2022- Commencement of operations of Hotel Tulip Inn - Ejipura Koramangala with 54 Keys under Sarovar Brand.- Commencement of operations of Hotel Regenta Inn - ORR Mahadevapura with 49 Keys under JV Partner Entity “Grand Continent Hotels – 1” under Royal Orchid Brand.- Commencement of operations of Hotel Regenta Inn - 4th block Koramangala with 25 Keys under Royal Orchid Brand.2023- Commencement of operations of Hotel Golden Tulip - Tirupati with 88 Keys under JV Partner Entity “Grand Seven Hill Hotels” under Sarovar Brands for expansion into spiritual destinations.- Commencement of operations of the following hotels under Sarovar Brands: a. Hotel Grand Continent – Hosur with 45 Keys; and b. Hotel Grand Continent - Hebbal Manyata with 48 Keys.2024- Commencement of operations of Hotel Grand Continent – Secunderabad with 40 Keys under Sarovar Brands.- Ventured into a new location at Anjuna Goa by establishing Hotel Grand Continent - Anjuna with 44 Keys under Sarovar Brands.- Commencement of operations of the following hotels: a. Hotel Grand Continent - Mysore with 40 Keys under Sarovar Brands; b. Hotel Grand Continent – Brookfield with 108 Keys under Sarovar Brands; c. Hotel Grand Continent – Devanhalli with 36 Keys; and d. Hotel Grand Continent – Morjim with 38 Keys.- Expanded to 753 keys across 16 hotels located at states viz Karnataka Goa Telangana and Tamil Nadu.