Indian Hotels Co Ltd

The Indian Hotels Company Limited has informed the Exchange that the Company on April 04, 2013, has filed an Injunction Suit against NDMC in the High Court of Delhi, New Delhi to protect its position in the matter pertaining to the renewal of license of Taj Mahal Hotel, New Delhi.

The Indian Hotels Company Limited has informed the Exchange that Mr Guy Lindsay Macintyre Crawdford has been appointed as an Additional Independent Director of the Company with effect from March 27, 2013.

The Indian Hotels Company Limited has informed the Exchange that at a meeting of the Board of Directors of the Company held on November 20, 2012, Mr. Cyrus P. Mistry has been appointed as an Additional Director designated as the Non-Executive Chairman of the Company and will take over from Mr. Ratan Tata on his retirement in December, 2012.

The Indian Hotels Company Limited has informed the Exchange that the through Samsara Properties Limited, a wholly owned subsidiary currently holds 7,130,764 Class A common shares of Orient-Express Hotel Limited, a company listed on the New York Stock Exchange. The Company currently has an effective shareholding in Orient-Express Hotels Ltd aggregating to 6.9%, which was acquired by the Company in stages during 2007 and 2009.At a meeting of the Board of Directors of the Company held at Mumbai this evening the Directors have "in principle", subject to the necessary regulatory approvals, authorized the Company to make an offer to the Board of Directors of Orient-Express Hotels Limited seeking their consent for the Company acquiring the balance outstanding 93.1% Class A common Shares of Orient-Express Hotels Limited i.e. 100%. The Company proposes to finance the acquisition of such shares and related transaction costs through a combination of debt and equity. Total funds required to consummate the transaction is in place. The Company also has an agreement Montezemolo & Partners an important Italian company directly owned by the Montezemolo family who is the Manager of charme II Fund, which will be a minority shareholder in the Special Purpose Vehicle set up for the transaction. The Company believes that a combination of itself and Orient-Express Hotels Limited is a strategically compelling opportunity for both companies as also for its respective shareholders. Appropriate disclosure of the Offer, as afore referred, is being concurrently filed with the Securities Exchange Commission, USA.

Tata Sons Limited has submitted to the Exchange vide letter dated September 27, 2012 a copy of disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 ("Takeover Code, 2011").

The Indian Hotels Company Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Company held on August 03, 2012.

Tata Sons Limited has submitted to the Exchange vide letter dated September 14, 2012 a copy of disclosure under Regulation 10(5) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

The Indian Hotels Company Limited has informed the Exchange that Register of Members and Share Transfer Books shall remain closed from July 20, 2012 to August 03, 2012 (both days inclusive) for the purpose of Payment of Dividend and Annual General Meeting of the Company to be held on August 03, 2012.

The Indian Hotels Company Limited has submitted to the Exchange vide letter dated June 25, 2012 a copy of disclosure under Regulation 13(4), 13(4A) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992.

Tata Sons Limited has submitted to the Exchange vide letter dated June 22, 2012 a copy of disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 and disclosure under Regulation 13(4), 13(4A) and 13(6) of the SEBI (Prohibition of Insider Trading) Regulations, 1992.

The Indian Hotels Company Limited has informed the Exchange vide letter dated June 22, 2012 that "Tata Sons Limited vide their letter dated June 22, 2012, has exercised the option to convert 4,80,00,000 Warrants where each Warrant entitled Tata Sons Limited to subscribe to one Ordinary Share of the Company of Rs.1/- each of the Company @ Rs 103.64 per share. Pursuant to receipt of money from Tata Sons Limited, the Committee of Directors has today approved the allotment of 4,80,00,000 Ordinary Equity Shares of Rs. 1/-each of the Company at a premium of Rs 102.64 per share aggregating to Rs 497.47 crores (of which 25% amounting to Rs124.37 crores had been received on allotment of Warrants), in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009".

The Indian Hotels Company Limited has informed the Exchange that Ms. A. R. Aga has resigned from the Board of Directors of the Company, with immediate effect.

The Indian Hotels Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 28, 2012 has recommended a dividend of Rs.1/- per Ordinary Equity Share of Rs.1/- each fully paid up of the Company (previous year Rs.1/- per Ordinary Equity Share of Rs.1/- each fully paid up).Accordingly: (i) the dividend payable on one Equity Share of Rs.1/- each fully paid up will amount to Rs.1/- (Rupee One Only); (ii) the dividend payable on 100 Equity Shares of Rs.1/- each fully paid up will amount to Rs.100/- (Rupees One Hundred Only). The Annual General Meeting (AGM) of the Company is scheduled to be held on August 03, 2012. Dividend, if declared at the said AGM, will be paid on and from August 04, 2012, to the Members entitled to receive the same.

The Indian Hotels Company Limited has informed the Exchange that the Company will not be publishing its unaudited results in respect of the last quarter of the Financial Year ended on March 31, 2012. It shall, however, publish the Audited Results of the Company by May 30, 2012.

The Indian Hotels Company Limited has submitted to the Exchange a Copy of the minutes of the Annual General Meeting of the Members of the Company held on August 05, 2011.

The Indian Hotels Company Limited has informed the Exchange that Mr. Mehernosh S. Kapadia has been appointed as an Executive Director - Corporate Affairs of the Company with effect from August 10, 2011.

The Indian Hotels Company Limited has informed the Exchange that Register of Members and Share Transfer Books shall remain closed from July 22, 2011 to August 05, 2011 (both days inclusive) for the purpose of Payment of Dividend and Annual General Meeting of the Company to be held on August 05, 2011.

The Indian Hotels Company Limited has informed the Exchange that Mr. Beejal Desai has been appointed as the Vice President - Legal & Company Secretary of the Company with effect from May 30, 2011. Further, Mr. Beejal Desai has been appointed as the Compliance Officer of the Company.

The Indian Hotels Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 24, 2011, approved of an investment not exceeding Rs. 51 crores for acquiring an incremental equity stake in Piem Hotels Limited, an unlisted associate company of The Indian Hotels Company Limited, either directly or through its wholly-owned subsidiary. The investment will help the Company consolidate its position in the hospitality business. With the acquisition of this stake, the Company, together with its wholly-owned subsidiary will hold the majority shareholding of Piem Hotels Limited. Piem Hotels Limited is the business of owning and operating hotels and owns the hotels under `The Gateway Hotel` brand in Nashik & Agra and hotels under the `Vivanta by Taj` brand in Pune, Lucknow, Mumbai & Bangalore.

Members of the Exchange are hereby informed that the trading in the 6% Non- convertible Debentures (Symbol - INDHOTEL, Series - N4) of The Indian Hotels Company Limited shall be suspended w.e.f. April 27, 2011 (i.e. closing hours of trading on April 26, 2011) on account of Redemption.

The Indian Hotels Company Limited has informed the Exchange that the Company will not be publishing its unaudited results in respect of the last quarter of the Financial Year ended on March 31, 2011. It shall, however, publish the Audited Results of the Company by May 30, 2011.

The Indian Hotels Company Limited has informed the Exchange vide its letter dated March 16, 2011, regarding "Investment in a Subsidiary Company".

The Indian Hotels Company Limited has submitted to the Exchange a copy of the proceedings of the Postal Ballot conducted by the Company for passing Special Resolution under the provisions of Section 81 (1A) of the Companies Act, 1956, for raising additional long term funds by way of Preferential Issue to the main Promoter of the Company, Tata Sons Limited.

The Indian Hotels Company Limited had informed the Exchange that the Committee of Directors constituted for the Preferential Allotment of Securities has approved the proposal to allot on a preferential basis, the following Securities to the main promoter, viz. Tata Sons Limited in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009: (a) 3,60,00,000 Ordinary Shares at a price of Re.1/- each at a premium of Rs.102.64 per share aggregating to Rs.103.64 per share; and (b) 4,80,00,000 warrants, where each Warrant would entitle Tata Sons Limited to subscribe to one Ordinary Share of the Company at a price of Re.1/- each at a premium of Rs 102.64 per Share, after April 01, 2011 but not later than 18 months from the date of allotment of the Warrants. As per SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009, an amount equivalent to 25% of the price fixed as above i.e. Rs 25.91 per Warrant aggregating to Rs. 1,24,36,80,000 crores would be paid by Tata Sons Limited on allotment of the Warrants. The Company has now informed the Exchange that the Company has received the amounts due on allotment and has allotted the following securities to the main promoter, viz. Tata Sons Ltd. in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 : (1) 3,60,00,000 Ordinary Shares at a price of Rs. 1 each at a premium of Rs. 102.64 per share aggregating to Rs. 103.64 per share; and (2) 4,80,00,000 Warrants, where each Warrant would entitle Tata Sons Ltd. to subscribe to one Ordinary Share of the Company at a price Rs. 1 each at a premium of Rs. 102.64 per Share, after April 01, 2011 but not later than 18 months from the date of allotment of the Warrants.

The Indian Hotels Company Limited has informed the Exchange that the Committee of Directors constituted for the Preferential Allotment of Securities has approved the proposal to allot on a preferential basis, the following Securities to the main promoter, viz. Tata Sons Limited in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009: (a) 3,60,00,000 Ordinary Shares at a price of Re.1/- each at a premium of Rs.102.64 per share aggregating to Rs.103.64 per share; and (b) 4,80,00,000 warrants, where each Warrant would entitle Tata Sons Limited to subscribe to one Ordinary Share of the Company at a price of Re.1/- each at a premium of Rs 102.64 per Share, after April 01, 2011 but not later than 18 months from the date of allotment of the Warrants. As per SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009, an amount equivalent to 25% of the price fixed as above i.e. Rs 25.91 per Warrant aggregating to Rs. 1,24,36,80,000 crores would be paid by Tata Sons Limited on allotment of the Warrants.

The Indian Hotels Company Limited has submitted to the Exchange vide its letter dated December 14, 2010, a copy of Results of Postal Ballot.

The Indian Hotels Company Limited has informed the Exchange that pursuant to section 192A of the Companies Act, 1956 read with the Companies (passing of the resolution by postal ballot) Rules 2001, as amended from time to time ("Postal Ballot Rules") that the Draft Resolution hereinbelow is proposed to be passed by Postal Ballot: Raising of additional long term funds.

The Indian Hotels Company Limited has informed the Exchange that the Board of Directors at their meeting held on October 27, 2010 also approved, subject to the approval of the Members of the Company pursuant to Section 192A of the Companies Act, 1956, an issue of: 1) Up to 3,60,00,000 Equity shares ("Ordinary Shares") of face value Re. 1 each in the financial year 2010 - 2011; and (2) Up to 4,80,00,000 Warrants with a right exercisable by the warrant holder to subscribe for one Ordinary Share per Warrant which option shall be exercisable after April 1, 2011, but not later than 18 months from the date of issue of the Warrants. For cash to the main Promoter of the Company i.e. Tata Sons Ltd. on a preferential allotment basis, at such price and on such other terms and conditions as the Board may in its absolute discretion decide, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (ICDR Regulations). Further the Company proposes to obtain the consent of the Members by means of a Postal Ballot, for which the Company has determined October 29, 2010, as the cut-off date to ascertain the list of Members and the voting rights on the paid-up value of shares registered in the name of the shareholders on the date of dispatch of the notice.

The Indian Hotels Company Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on August 5, 2010.

The Indian Hotels Company Limited has informed the Exchange that Mr.P.Sanker - Vice President Legal & Company Secretary has resigned as Company Secretary of the Company, with effect from August 19, 2010.

The Indian Hotels Company Limited has informed the Exchange that the Annual General Meeting of the Company will be held on August 05, 2010.

The Indian Hotels Company Limited had informed the Exchange that the Directors of the Company, had inter alia, subject to the approval of the Members of the Company by Postal Ballot, approved (1) Sale of Hotel City Inn, Baramati and (2) To create charge on the existing and future assets of the Company to secure the Company's Borrowings not exceeding Rupees Three Thousand Crores. The Company had conducted a Postal Ballot seeking approval of Members. The Company has now informed the Exchange that the said resolutions have been passed by a requisite majority. A duly certified copy of the report of the Scrutinizer containing the details of the Postal Ballot is attached.

The Indian Hotels Company Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company shall remain closed from July 27, 2010 to August 05, 2010 (Both days inclusive) for the purpose of Payment of Dividend.

The Indian Hotels Company Limited has informed the Exchange that the Board of Directors at its meeting held on May 26, 2010 have recommended a dividend of Re.1/- per Ordinary Equity Share of Re.1/- each fully paid up of the Company (Previous year Rs.1.20/- per Ordinary Equity Share of Re.1/- each fully paid up).