Our Company was incorporated on November 20, 2001 as 
 Neepaz Metaliks Private Limited under the provisions of the Companies
 
 Act, 1956 with its registered office at 14, N.S. Road, Kolkata 700
 001.
 Subsequently, the Company converted into a public company pursuant 
 to a special resolution passed on February 18, 2004 and filed the 
 statement  in lieu of prospectus as required under the section 44(2)
 (b) 
 of the Companies Act , 1956. The name of the Company was changed 
 from Neepaz Metaliks Limited to Adhunik Metaliks Limited pursuant to
 a 
 special resolution passed by the shareholders of the Company at a
 meeting held on July 22, 2005.
 
 As on the date of filing this Draft Red Herring Prospectus, our
 Promoters 
 hold 5,16,85,642 Equity Shares of our Company representing 80.51 of 
 our pre - Issue issued equity capital and the Promoter Group holds 
 46,83,770 Equity Shares of our Company representing 7.29 of our 
 pre - Issue issued equity capital. As on the date of filing this
 Draft Red 
 Herring Prospectus, six of the Directors on our Board represent the 
 Promoters, 1 of the Directors is an executive director and 3 of the 
 Directors are independent directors.
 
 
 2007
 
 -Adhunik Metaliks Ltd has informed that the Company has acquired
 Orissa Manganese & Minerals Pvt Ltd as 100% subsidiary.