1981
 
 - Incorporated in 1981 to set up and operate 5-star hotels, Hotel
 Leela
 Venture entered into a

 collaboration with Penta Hotels, UK, which was subsequently
 transferred
 to Kempinski Hotels, a

 European chain of 5-star deluxe hotels, owned by Lufthansa, the
 German
 airline.
  
 - The Company entered into collaboration agreement with Penta Hotels
 Ltd. (Penta) for a period of 10 years for sales, marketing &
 technical
 know-how.
 
 - Penta also agreed to provide full marketing support to the hotel
 including selling of the hotel by the 3 airline partners of Penta
 viz.
 Lufthansa, Swissair & British Airways.
 
 - 20,02,939 shares to promoters, etc. and 4,27,580 shares without
 payment in cash to Lela Scotish Lace Pvt. Ltd. in January/February
 1985, 20,69,481 shares were issued at par out of which 70,000 shares
 to
 NRI promoters for cash and 99,481 shares to C.K. Kutty (NRI) without
 payment in cash were reserved and allotted.
 
 - Out of the remaining 19,00,000 shares, 6,50,000 shares to NRIs on
 repatriation basis and 38,000 shares to business associates of the
 Company were reserved and allotted on a preferential basis.  The
 balance 12,12,000 shares were offered for public subscription during
 February 1985 (all were taken up).
 
 1986
 
 - The company set up its first 5-star deluxe hotel, Leela Penta, in
 Bombay in 1986. It was renamed Leela Kempinski in 1988, following
 the
 change in its marketing and sales tie-up. It undertook an expansion
 of
 its hotel in Bombay by constructing a tower block comprising an
 additional 172 rooms, including suites. Simultaneously, it also
 undertook the construction of a new 5-star deluxe resort at Goa
 which
 was part-financed by a rights issue in Sep.'91. Consequent on the
 enhancement of facilities and upgradation of standards, aggregate
 cost
 escalated and the financing for the project had to be revised due to
 which the company came out with a rights NCDs issue with detachable
 warrants aggregating Rs 49.09 crores in 1995.
 
 - 45,00,000 rights equity shares issued at par in prop. 1:1 during
 July/August.
 
 1987
 
 - The hotel de-linked itself with Penta & entered into technical,
 Sales, and Marketing agreement with Kempinski, hotel S-A Switzerland,
 a
 part of the Lufthanas Chains of hotel.
 
 - The Company undertook to set up a 5-star Deluxe Airport Hotel of
 international standards.
 
 - In view of the large scope for occupancy at the International
 Airport
 and in view of the acute shortage of hotel guest room, it was
 decided
 to increase the number of guest rooms from 205 to 282.  It was also
 decided to add a large banquet hall and conference rooms to the
 facilities.
 
 - The hotel was assigned a 5 star deluxe status during the year.  In
 recognition of this rating, the collaborators, Penta Hotels, Ltd.
 assigned the technical sales and marketing agreement in favour of
 Kempinski hotels, S.A., Switzerland, both groups being in the
 Lufthansa
 system of hotels.
 
 - The Leela Bombay, was conferred by the Government of India,
 Department of Tourism, the highest honour in the hospitality
 industry
 viz. the National Tourism Award for 1997-98 for outstanding
 performance
 in the five star deluxe category hotels in India.
 
 1988
 
 - It was proposed to expand the existing capacity by addition of
 another 192 rooms.
 
 - With effect from 15th October, the name of the hotel was changed
 to
 `The Leela Kempinski Bombay' in view of the assignment of the
 franchise
 agreement to Kempinski hotels from Penta hotels.
 
 - 28,00,000 No. of equity shares issued at par to Lela Scottish Lace
 Ltd. in conversion of their unsecured loans.
 
 - The Leela Palace, Goa has started its operation in Sep, 1998. The
 hotel has been upgraded to a world class beach resort and has been
 acclaimed as one of the finest resorts in the world.
 
 1989
 
 - During August, the Company offered 9,00,000-14% secured redeemable
 non-convertible debentures of Rs 100 each on `rights basis' in the
 proportion 1 deb.: 10 equity shares held.  Only 10,429 debentures
 were
 taken up.  The remaining 8,89,571 debentures devolved on the
 underwriters.
 
 - These debentures were to be redeemed at a premium of Rs 5 per
 debenture in three equal annual instalments of Rs 35 each on the
 expiry
 of 7th, 8th and 9th year from the date of allotment of debentures.
 
 - During August, 59,00,000 Rights shares issued at par in prop. 
 1:2.
 Additional 8,85,000 shares were allotted to retain oversubscription.
 Simultaneously, another 2,95,000 shares were issued at par to
 employees
 but only 500 shares taken up.  The balance 2,94,500 shares were
 allowed
 to lapse.
 
 1991
 
 - In Sept. 92,92,750 rights shares issued at par in prop. 1:2.
 Additional 13,93,912 shares were allotted to retain
 oversubscription.
 Another 4,64,630 shares offered at par to employees but only 7,650
 shares taken up.  Out of the remaining 4,56,980 shares 4,50,000
 shares
 taken up by financial institutions and the balance allowed to lapse.
 
 1992
 
 - The Company proposed to add 43 guest rooms at the Leela Beach,
 Goa.
 During the year, the Company concluded negotiations for purchase of
 a
 plot of land adjoining the hotel property at Mumbai for the
 construction of a new deluxe all suite hotel consisting of about 200
 suites.
 
 1993
 
 - The Company commissioned 60 new rooms at the Leela Beach, Goa and
 set
 up a mini golf course of 9 holes.
 
 - The Hotel has opened a spectacular entertainment outlet, viz.,
 `Cyclone-The Club'.
 
 1994
 
 - The Company had issued Warrants to its promoters including friends
 and associates on preferential basis.  On conversion of the said
 Warrants, on 9th November, 30 lakh equity share were allotted at a
 premium of Rs 128.14 per share.
 
 - A MOU was entered into with Four Seasons Hotels & Resorts a
 international chain of hotels to operate the Leela Palace Bombay at
 Andheri Kurla Road.
 
 1995
 
 - The company proposed to enter into business of full fledged money
 changers and allied activities.
 
 1996
 
 - The Company allotted 30,00,000 CCP of Rs 100 each.
 
 - The Leela Beach Goa underwent upgradation and refurbishment as per
 recommendations of Four Season Hotels & Resorts which would be
 marketing and operating the resort.
 
 - The Company also initiated steps to set up a `5' star deluxe hotel
 at
 Bangalore with Four Seasons Hotels & Resorts.
 
 - The Company entered into a management agreement with Four Season
 Hotels, Canada, for management of Company's hotels and resorts at
 Mumbai, Goa and Bangalore.
 
 - The Company proposed to change its object clause which, the
 Company
 was authorised to carry on the business of power generation and
 allied
 activities and dealing in foreign Exchange and to act as money
 changers.
 
 - 1,00,000 - 16% CCP of Rs 100 and 29,00,000 - 17% CCP of Rs 100
 issued
 on private placement basis.
 
 1997
 
 - The company undertook to set up a beach resort consisting of 300
 villas at Goa.  Technical services and sales and marketing agreement
 was signed with Kempinski hotels S.A. for the project.
 
 - Hotel Leela Venture Limited, incorporated in 1981, to set up and
 operate 5-star hotels, entered into a collaboration with Penta
 Hotels
 of UK which was subsequently transferred to Kempinski Hotels, a
 European chain of 5-star deluxe hotels, owned by Lufthansa, the
 German
 airline.
 
 - The company set up its first 5-star deluxe hotel, Leela Penta, in
 Mumbai in 1986.
 
 - Hotel Leelaventure had signed a 30 year lease agreement with AAI
 in
 February 1996 for 11,000 sq mts of land for expansion of its hotel
 by
 150 rooms.
 
 - HLV will be setting up hotels in the five star deluxe category at
 Bangalore, Delhi, Mumbai and Goa.
 
 - The company has also set up a subsidiary company, Leela Hotels
 Ltd.,
 which will promote two greenfield projects.
 
 1998
 
 - Investment Information and Credit Rating Agency (ICRA) has placed
 the
 non-convertible debenture and fixed deposit programmes of Hotel
 Leelaventure Ltd. under rating watch.
 
 - The company's Rs 49.1-crore fixed deposit (FD) programme with a
 current rating of MAA minus has also suffered the same fate.
 
 1999
 
 - The five star hotel project has been undertaken by the 100 per
 cent
 subsidiary of Leela Hotels Ltd (LHL) on a controversial plot the
 same
 plot was allotted earlier to MS Shoes East Ltd.
 
 - Leela Hotels Ltd, a subsidiary of Hotel Leelventure Ltd, was
 awarded
 an interim relief the Delhi High Court after Leela sought legal
 redressal.
 
 - Leelaventure is spreading its wings and has set eyes to build a
 hotel
 in the scenic backwaters of Kerala.
 
 - The lease agreement with LSLL makes it paramount for the company
 to
 get a commercial complex built on the land with an area of 15,000
 square meters.
 
 2000
 
 - The Company has allotted balance 80,47,4000 No. of equity shares
 to
 the promoters of the company viz., Leela Scottish Lace Ltd.
 
 - The Company appointed a Dr. K. U. Mada as the Director and Mr Venu
 Krishnana as an Executive Director effective from 29th January.
 
 - Mr. M. Narasimhan has resigned as the Director effective from
 September 20.
 
 - The Company issued 15630000 Equity shares of Rs 10/- each at a
 premium of Rs 21 per share to the promoters of the Company, M/s
 Leela
 Scottish Lace Limited on 6th April, 2000 on fully paid basis.
 
 2001
 
 - Hotel Leelaventure is setting up a five-star deluxe resort
 property
 in the Kannur district of Kerala state. The 100-room property would
 be
 developed by its wholly-owned subsidiary, Vision Hotels, and would
 be
 completed by the end of 2001. The 300-room Bangalore five-star hotel
 had a soft launch on 15th July, 2001. In the first phase , 77 guest
 rooms are expected to be in commercial operation from August, 2001
 and
 the rest of the rooms with full compliment of facilities are
 expected
 to be progressively completed by the end of 2001.
 
 - During the year 2001, the company also formed an arrangement for a
 joint venture to develop a large commercial complex on the land of
 Andheri-Kurla road, Mumbai.
 
 2002
 
 -Dr. Gunter resigns as director of the company
 
 -Board approves the proposal for amalgamation/merger of Leela Hotels
 witn Hotel Leelaventure
 
 2003
 
 -Ties up with General Hotel Management (GHM) Singapore, the holding
 company of Aman Resorts, for its Goa property
 
 -Board approves voluntary delisting from  Ahmedabad, Bangalore,
 Cochin, Delhi and Mangalore Stock Exchanges
 
 -Board approves allotment of Non Cumulative Redeemable Preference
 Shares (NCRPS) of Rs 317.50 million to the Holding Company, Leela
 Scottish Lace Pvt Ltd.
 
 2004
 
 - Delisting of the equity shares of the Company from Ahmedabad,
 Bangalore, Cochin, Delhi and Mangalore Stock Exchanges.
 
 2006
 -Hotel Leela Venture Ltd. has appointed Mr. V.L. Ganesh as the Chief
 Financial Officer of the Company with effect from November 01, 2006.