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Satchmo Holdings 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
Chennai

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

2010

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

2011

-Nitesh Estates signs Rs 3bn project in Bangalore

-Nitesh Estates Ltd has acquired 51% stake in a SPV - Nitesh Urban Developers Pvt. Ltd. (NUDPL).

-Nitesh Estates also acquired the 100% Paid Up Equity of Nitesh Kochi Projects & Developers Pvt. Ltd. (NKPDL).

-Nitesh Estates has signed up a Joint Development agreement for development of a Rs. 500 Cr Commercial Mall at Indiranagar, Bangalore.

-Nitesh Estates Ltd Signs Up Rs. 200 cr New Luxurious Residential Project Nitesh Park Avenue at High Grounds, Sankey Road, Banglore

2012

-Nitesh Estates Limited signs up Rs. 450 Cr. New Villament Residential Project - Nitesh Palo Alto on the Marath

-Nitesh Estates has acquired the balance 4,900 Equity Shares from the promoters of Nitesh Urban Development Pvt. Ltd. NUDPL is now a 100% wholly owned subsidiary of Nitesh Estates Limited

2013
-"Nitesh Estates launches Rs. 300 Crore Nitesh British Columbia in South Bangalore".
-"Nitesh Estates Limited obtains clearances for its 5-Star Luxury Hotel - The Ritz-Carlton, Bangalore".
-Nitesh Estates Ltd has informed regarding a titled "Indias first The Ritz-Carlton opens in Bangalore".

2014
-- WORLDWIDE Achievers Real Estate Awards 2014.
-Nitesh Estates Ltd has signed up a Joint Development Agreement for a new residential project which will have 262 residential Units.

2015
-Nitesh Estates Ltd "Signing of new Joint Development Agreement of Rs.375 Cr. revenue potential".
-Nitesh Estates "Launch of Nitesh Hunter Valley in Hennur Road, Bangalore - Rs 900 Cr Project".
-Nitesh Estates acquires shopping mall in Pune.
-Nitesh Estates Ltd signing (MOU) with Goldman Sachs.

2016
-Nitesh Estates "Signing of JDA for Rs 175 Crores Residential Project in Bangalore".

2018

Nitesh Estates has started construction of '' Ali Askar Road - Commercial Project "

2019

-Company name has changed to NEL Holdings Ltd. from Nitesh Estates Ltd..

2020

-Company name has changed to NEL Holdings South Ltd. from NEL Holdings Ltd..

2022

-Company name has changed to Satchmo Holdings Ltd. from NEL Holdings South Ltd..

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