Advani Hotels & Resorts (India) Ltd
NSE: ADVANIHOTR BSE: 523269
₹44.94
+0.61 (1.38%)
Fri, 06 Nov 2026, 08:59 pm
Market Cap (in Cr)415.51
PE Ratio18.14
Dividend4.00
Consumer Services
Hotels/Resorts/Cruise lines
24.5KAdvani Hotels & Resorts (India) Ltd Company History
1987
- The company was incorporated on 13th March at Mumbai.
- The company obtained its Certificate of commencement of business on 15th July.
- The company was promoted in technical & financial collaboration with Ramada (U.K.) by Sunder G. Advani & Haresh G. Advani.
1989
- The company undertook to set up a 5-Star luxury resort comprising 140 rooms in a terraced garden pattern in an estate on the Lova beach, Veria, Goa.
- Allotted 10,64,000 shares to promoters, directors, etc. and 1,63,919 shares to NRIs on repatriation basis.
- 32,72,081 No. of equity shares were issued at par.
- 3,00,000 cumulative convertible Pref. shares were privately placed with UTI at par.
1990
- The soft opening of Ramada Renaissance Resort was made in June.
1991
- The end of September, all but beauty parlour and billiard room were commissioned.
- The company had entered into an agreement with Ramada (U.K.) Ltd. for pre and post opening technical marketing & sales assistance.
- The Company issued 10,80,000 No. of equity shares of Rs. 10 each for cash at par to the then existing equity shareholders on rights basis.
- 4,80,000 No. of equity shares of Rs. 10 each were issued at par and allotted to promoters by way of conversion of their unsecured loan into equity capital.
1993
- 11,55,900 No. of equity shares were issued at par to promoters, directors and their relatives against the outstanding interest free deposit.
1994
- The company started the construction work for a 62 guest room wing and 6 two bedroom villas at the existing site in Goa.
2007
- The Company has split its face value from Rs10/- to Rs2/-.
2008
- Advani Hotels & Resorts (India) Limited has appointed Mr. Ajay Vichare as the Compliance Officer.
- Advani Hotels & Resorts (India) Limited has appointed Mr. Kumar Iyer as a Company Secretary.
2010
- The Company recommended a dividend of Rs. 0.10 per equity share for the year.
- Re-appointment of Mr. K. Kannan and Mr. Prakash V. Mehta as Directors of the Company.
2011
- The Company recommended a dividend of Rs. 0.20 per equity share for the year.
- Re-appointment of Mr. Anil Harish and Mrs. Menaka S. Advani as Directors of the Company.
- Registered Office of the Company has been shifted to 18A& 18B, Jolly Maker Chambers-II Nariman Point Mumbai-400021.
2014
- Advani Hotels & Resorts (India) Ltd has appointed Admiral Sureesh Mehta (Retired) and Mr. Adhiraj Harish as the Non-Executive Independent Directors of the Company.
2023
- Company's Board Of Director approved for construction of Banquet Hall Facility of approximately 22,000 square feet.
2024
- The Company has issued Bonus Shares in the Ratio of 1:1.
