Indian Hotels Company Ltd has informed BSE that at the Annual General Meeting of the company held on August 9, 2004, the members of the company have approved the dividend of 80% ie Rs 8/- per Ordinary Equity Share for the year 2003-04; Appointment of Mr Raymond N Bickson as managing director of the company, and, increase in FII Investment limits up to 40% of the Ordinary Share Capital of the company.