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Nitesh Estates Ltd. Company History and Annual Growth Details

The Company was originally incorporated as Nitesh Estates Private Limited on February 20, 2004 as a private limitedcompany under the Companies Act, in Bengaluru, Karnataka, India. The name of the Company was subsequentlychanged to Nitesh Estates Limited by a special resolution of the members passed at an EGM of our Company onOctober 9, 2009. The fresh certificate of incorporation consequent upon change of name was granted to the Company on November 3, 2009 by the Registrar of Companies, Karnataka.

Key Events and Milestones

Month/Year Key Events, Milestones and Achievements

April, 2006 Corporate housing project for ITC

December, 2006 Citi Property Investors acquired 74.0% stake in Nitesh Residency which is
developing the Ritz- Carlton brand hotel

January, 2007 AMIF I Limited, a Och-Ziff Captial Management Group entity acquired
28.98% stake in Company

May, 2007 Agreement signed to develop India's first the Ritz-Carlton brand hotel in
Bengaluru by Nitesh Residency

November, 2007 Won the bid for a 8.26 acre property in the Boat Club area in the heart of

September, 2009 HDFC AMC pick up 10.1% stake in Nitesh Housing, an SPV formed to
develop projects

October, 2009 Executed MoU with Luxury Hotels International Management Company
B.V. to set up a full- serviceluxury international hotel and luxury
condominium residences under the Ritz-Carlton brand name

February 12, 2010 BETL acquired 1.48% stake in our Company


- Nitesh Estates Ltd has appointed Mr. Ranga Iyer as an Additional Director of the Company