YEAR EVENTS 1962 - In December 1961, 5000 pref. shares offered at par for public subscription. 1963 - 25,000 No. of equity shares issued for cash during the year. 1970 - In December 1,65,000 No. of equity shares issued to shareholders, directors and employees. 1,60,000 No. of equity shares and 10,000 - 9.5% preference shares offered to public. 1973 - 1,40,000 No. of equity shares and 2,500 - 9.5% of preference shares issued. 1975 - 3,99,000 right equity shares issued at par in prop. 3:5. 1981 - The Company was Incorporated on 13th February at Kanpur. For Hotel and Restraurant business. 1985 - The agreement with the Companies franchised hotel at Varnasi was renewed for a further period of 2 years with effect from 1st October, 1986. - The Company revalued its buildings (consisting of building, sanitary and electrical installations) at the Agra, Jaipur and Lucknow units as on 30th September. 1986 - The agreement with the Company's franchised hotel at Varanasi was renewed for a further period of 2 years with effect from 1st October. - 4,36,000 No. of equity shares issued at par out of which 4,25,600 shares were offered as rights in prop. 2:5. The balance 10,400 shares were offered on a preferential basis to employees, etc. but only 1,200 shares not taken up. The 9,200 shares not taken up was added to the right issued. 1989 - Authorised capital increased. 12,00,000 bonus shares issued in prop. 4:5. 1990 - The Company's Jaipur hotel expanded its capacity and facilities. 1993 - Construction work of the Khajuraho project was held up due to some technical fault in the original approval. - 27,00,000 Bonus equity shares issued in prop. 1:1 1994 - The sales decreased marginally to Rs.19.71 crores due to outbreak of plague coupled with withdrawal of incoming flights which affected the foreign tourists. - Government agreed in principle to the commencement of the Khajuraho project, Construction work expected to be commenced as soon as NOC was received. - The Company entered into a collaboration agreement with Ramada International, USA. The approval of Indian Government for the agreement was awaited. 2003 -Shareholders approved delisting of its equity shares from Delhi and Kolkata Stock Exchanges. 2006 -UP Hotels Ltd recommended a dividend of 10% i.e. Rs 1 per equity share for the financial year ended March 31, 2006. 2007 - UP Hotels Ltd recommended a dividend of 20% i.e. Rs 2 per equity share for the financial year ended March 31, 2007. 2008 - UP Hotels Ltd recommended a dividend of 100% i.e. Rs 10 per equity share for the financial year ended March 31, 2008. 2010 - UP Hotels Ltd recommended a dividend of 40% i.e. Rs. 4/- per equity share for the financial year ended March 31, 2010. - Shri. Apurv Kumar and Rupak Gupta have been appointed as Joint Managing Directors. - Smt. Supriya Gupta has been appointed as Executive Director. 2011 -UP Hotels Ltd recommended a dividend of 100% i.e. Rs. 10/- per equity share for the financial year ended March 31, 2011. 2012 -UP Hotels Ltd recommended a dividend of 50% i.e. Rs. 5/- per equity share for the financial year end March 31, 2012. 2013 - UP Hotels Ltd has given a bonus Shares in the ratio of 1.55:1 - UP Hotels Ltd has recommended a dividend of 50% i.e. Rs. 5/- per equity share. 2014 - UP Hotels Ltd has recommended a Dividend of 35% i.e. Rs. 3.50/- per equity share.