PARKHOTELS Share price

Our Company was originally incorporated at Karnataka on November 27 1987 as Budget Hotels Private Limited as a private limited company under the Companies Act 1956 pursuant to a certificate of incorporation dated November 27 1987 issued by the Registrar of Companies Bangalore at Karnataka. Subsequently the name of our Company was changed to Budget Hotels Limited pursuant to our Company becoming a public company with effect from October 26 1990 and noting of such conversion in the certificate of incorporation by Registrar of Companies Bangalore at Karnataka. Further pursuant to the Acquisition Agreements the entire issued and paid up equity share capital of our Company constituting 571940 equity shares of face value of ? 100 each (“PreScheme Capital”) was acquired by Apeejay Hotels Delhi in two tranches and our Company became the wholly owned subsidiary of Apeejay Hotels Delhi. Subsequently pursuant to the scheme of amalgamation approved vide orders of the High Court of Madras dated June 13 2003 High Court of Delhi dated August 6 2003 and High Court of Karnataka dated September 17 2003 Apeejay Hotels Delhi and Gemini Hotels and Holdings Limited (a wholly owned subsidiary of Apeejay Hotels Delhi) were amalgamated with our Company with the appointed date being April 1 2001 and effective date being November 28 2003 (“Effective Date”). As on the Effective Date (i) the entire Pre-Scheme Capital of our Company held by Apeejay Hotels Delhi stood cancelled; (ii) interse shareholding between Apeejay Hotels Delhi and Gemini Hotels stood cancelled; and (iii) the shares or the share certificates of Apeejay Hotel Delhi in relation to the shares held by its members stood cancelled. Our Company’s equity shares were also sub-divided from face value of ? 100 each to face value of ? 10 each.Thereafter to closely identify the association of our Company with the Apeejay Surrendra Group the name of our Company was changed to Apeejay Surrendra Park Hotels Limited pursuant to the resolution passed by our Shareholders at their EGM held on March 8 2004 and the certificate of incorporation pursuant to change of name was issued by the RoC on March 29 2004.Major events and milestones:1988-Opening of our hotel ‘The Park’ in Delhi1994-Opening of restaurant ‘Some Place Else’ in Kolkata1999-Purchased ‘The Park’ in Bangalore-Budget Hotels Limited (erstwhile name of our Company) became the wholly owned subsidiary of Apeejay Hotels Delhi2000-Opening of our ‘The Park’ in Bangalore2002-Opening of our ‘The Park’ in Chennai2003-Apeejay Hotels Delhi and Gemini Hotels and Holdings Limited (a wholly owned subsidiary of Apeejay Hotels Delhi) were amalgamated with Budget Hotels Limited (erstwhile name of our Company)2004 -Name of our Company was changed to Apeejay Surrendra Park Hotels Limited2007 -Investment received from RECP IV Park Hotel Investors Ltd RECP IV Park Hotel Co-Investors Ltd and REFS Park Hotel Investors Ltd into our Company2010-Opening of our hotel ‘The Park’ in Hyderabad2012-Undertook a branding exercise to create ‘The Park’ ‘The Park Collection’ and ‘Zone by The Park’2014-Opening of the first property under the brand ‘Zone by The Park’ at Coimbatore2019-Acquired confectionery business from Flury’s Swiss Confectionery2021-Opening of restaurant ‘Someplace Else’ at Mumbai