YEAR                        EVENTS
 Adhunik Yarns Limited was incorporated as a Public Limited company on
 September 2 1987, and obtained its business commencement certificate
 on 18th September.  The Company is engaged in the Business of
 texturising, twisting, yarn dyeing etc.  The Company promoted by
 Radheshtyam Poddar and Sandeep Poddar.
 
 The Company proposed to set up a process house with a capacity of
 processing 48,000 meters per day of synthetic fabric at Vapi,
 Gujarat.
 
 1994 - During September the Company offered 25,00,000 Equity shares
 of
        Rs. 10 each for cash at par of which 5,00,000 shares were 
        offered to the Mutual Fund (only 2,00,000 shares were taken
 up)
        2,50,000 shares were offered to the Financial Institution
 (None
        were taken up) and the balance 17,50,000 shares were offered
        to the public.  (All were taken up including unsubscribed
        portion of shares offered to the Mutual Funds and Financial
        Institutions)
 
 1995 - The overall performance of the company was affected due to
        continuous fall in price of raw material.  The demand of
        synthetic fabrics was slackened due to poor off-take.