News
February 10th, 2009
Malkan Engineering Pvt. Ltd. became a subsidiary of the Company w.e.f. 10th February 2009
December 17, 2008
Bombay Stock Exchange (BSE) shifted trading of Equity Shares of Vedant Hotels Limited from "Z" Group to "B" Group with effect from 17th December 2008.
June 26, 2008 After renovation, Hotel Vedant at Aurangabad is re-opened on 26th June 2008.
The Hotel is now renamed as VITS - Aurangabad and is being managed by M/s Kamat Hotels (India) Ltd.
April 30, 2007
Revocation of Suspension in trading of equity shares of Vedant Hotels Ltd.
View Details (Source: www.bseindia.com )
Dematerialization of shares
The equity shares of Vedant Hotels Ltd. of Re.1 each (Issued Capital Rs.1,25,00,000 ) is admitted by both CDSL and NSDL vide ISIN - INE041F01015.The shareholders of the company can dematerialize their shares with any of the Depository Participants (DPs) registered with CDSL or NSDL
February 2nd, 2007
Vedant Agreement with Kamat Hotels
The Company has entered into an Agreement with Kamat Hotels (India) Ltd for Management / operation of "The Hotel Vedant" at Aurangabad, Maharashtra, for a period of 10 years beginning from February 16, 2007. As per the terms of the agreement, the Hotel will be renamed as 'Lotus Vedant'. The management is of the opinion that, in the long run, this association will prove to be mutually beneficial. The Repairs and Refurbishment of the Hotel is currently in progress.
December 22nd, 2005
Preferential Issue of Equity Shares
The Board of Directors of the Company in its meeting held today i.e. 22/12/2005, which concluded at 3:45 p. m., has decided to issue on preferential basis equity shares aggregating and up to 1,25,00,000 (One crore twenty five lacs only) numbers of face value of Re. 1/- each at a premium to be decided in terms of SEBI guidelines and subject to compliances and consents required under the Companies Act 1956 and SEBI Regulations in this regard.
October 20th, 2005
Scheme of Arrangement approved by the Honorable High Court, Mumbai
The Scheme of Arrangement under section 391-394 of the Companies Act, 1956 approved unanimously by the shareholders and creditors of the Company on 15th June 2005 has received the approval of the honorable High Court of Judicature at Bombay on 16th September 2005.
The Scheme comprises of the following measures of re-organisation:
Malkan Engineering Pvt. Ltd. became a subsidiary of the Company w.e.f. 10th February 2009
December 17, 2008
Bombay Stock Exchange (BSE) shifted trading of Equity Shares of Vedant Hotels Limited from "Z" Group to "B" Group with effect from 17th December 2008.
June 26, 2008 After renovation, Hotel Vedant at Aurangabad is re-opened on 26th June 2008.
The Hotel is now renamed as VITS - Aurangabad and is being managed by M/s Kamat Hotels (India) Ltd.
April 30, 2007
Revocation of Suspension in trading of equity shares of Vedant Hotels Ltd.
View Details (Source: www.bseindia.com )
Dematerialization of shares
The equity shares of Vedant Hotels Ltd. of Re.1 each (Issued Capital Rs.1,25,00,000 ) is admitted by both CDSL and NSDL vide ISIN - INE041F01015.The shareholders of the company can dematerialize their shares with any of the Depository Participants (DPs) registered with CDSL or NSDL
February 2nd, 2007
Vedant Agreement with Kamat Hotels
The Company has entered into an Agreement with Kamat Hotels (India) Ltd for Management / operation of "The Hotel Vedant" at Aurangabad, Maharashtra, for a period of 10 years beginning from February 16, 2007. As per the terms of the agreement, the Hotel will be renamed as 'Lotus Vedant'. The management is of the opinion that, in the long run, this association will prove to be mutually beneficial. The Repairs and Refurbishment of the Hotel is currently in progress.
December 22nd, 2005
Preferential Issue of Equity Shares
The Board of Directors of the Company in its meeting held today i.e. 22/12/2005, which concluded at 3:45 p. m., has decided to issue on preferential basis equity shares aggregating and up to 1,25,00,000 (One crore twenty five lacs only) numbers of face value of Re. 1/- each at a premium to be decided in terms of SEBI guidelines and subject to compliances and consents required under the Companies Act 1956 and SEBI Regulations in this regard.
October 20th, 2005
Scheme of Arrangement approved by the Honorable High Court, Mumbai
The Scheme of Arrangement under section 391-394 of the Companies Act, 1956 approved unanimously by the shareholders and creditors of the Company on 15th June 2005 has received the approval of the honorable High Court of Judicature at Bombay on 16th September 2005.
The Scheme comprises of the following measures of re-organisation:
- Reduction in the paid up capital of the Company by way of reduction of the face value of each Equity Sharefrom Rs.10/- per share to Re.1/- per share.
- Writing off of accumulated losses and expenditure to the tune of Rs.7.48 crores.
- Transfer of the shareholding of the original promoters of the Company to Dhanada Portfolio Management Limited (DPML),
- Conversion of unsecured loan given by DPML into
- 41,88,700 Equity shares of Re.1 each, and,
- 10,00,00,000 8% Cumulative Convertible Preference shares of Re.1 each.
- Reconstitution of the Board of Directors.