1986
 
 - The Company was incorporated on 25th March, as a Private Limited
 Company under the Act, in the name of Aftex Business Machines
 Private
 Limited.
 
 - Some of the Products developed by Aftek include GIST UNIX driver
 developed for C-DAC, Terminal firmware of AD-100, AD-100+, AD-101,
 CT-220, Pegasus - an advanced terminal sub-system drivers for
 UNIX/XENIX/DOS, Novel Netware driver for Lock etc.
 
 1994
 
 - The Company was converted into a Public Limited Company by a
 special
 resolution passed on 28th October.  The Certificate of change of
 name
 was issued by the Registrar of Companies, Maharashtra at Mumbai, on
 29th November.
 
 - The Company is promoted by technocrats with the purpose of
 bringing
 modern and affordable technology, specially in computers, to India. 
 It
 is engaged in manufacture of IBM compatible Personal Computers and
 microprocessor based peripherals namely terminals, hand held
 devices,
 add on cards such as Intelligent Terminal Sub-systems etc.
 
 - Aftek Sales and Service Pvt. Ltd., is a wholly owned subsidiary
 Company of Aftek Business Machines Limited.
 
 - The Company proposes to expand its activities by undertaking
 Software
 Exports, and introducing new and innovative products viz.
 Multilingual
 Terminal & Network Node for Indian languages, Personal Data
 Assistant
 (PDA), and Software based Bar Code Decoder.
 
 - Aftek proposes to purchase the computer systems and associated
 software from reputed international manufacturers like IBM, Apple
 etc.
 
 - The Company has developed a PDA prototype based on X-80
 microprocessor.  It proposes to develop another model with Intel
 family
 of microprocessors for a range of PDAs with the same design blocks.
 
 - The Company has issued Bonus Shares in the ratio of 3:7 by
 capitalising its Free Reserves worth Rs 35 lacs on 21st November.
 
 1995
 
 - Public issue was issued of Rs 19,00,000 No. of equity shares of Rs
 10
 each for cash aggregating to Rs 300 lakhs which includes 12,50,000
 No.
 of Equity shares of Rs 10 each for cash at par to Indian Public and
 Employees and firm allotment of 6,50,000 Equity shares of Rs 10 each
 for cash at a differential premium of Rs 20 per share to NRIs and Rs
 10
 per share to Mutual Funds and Financial Institutions/Banks.
 
 1996
 
 - The Company has forged alliance with and acquired prestigious
 Distributorship from `Tatung Company' - a five billion dollars
 conglomerate from Taiwan.
 
 - In order to reap full benefits from the increasing business
 prospects
 the Directors have proposed to establish wholly-owned subsidiary
 companies in US and HongKong.
 
 1997
 
 - The Company's wholly-owned subsidiary company viz Aftek Sales And
 Services Pvt. Ltd. has been non-functional for the last five years.
 
 - The Company embarked upon a two-pronged strategy i.e. Special
 Products and Software Exports for improving the bottom-line.
 
 1998
 
 - The Company's Product Division which is responsible for creating
 the
 software driven Aftek-PDA has also had a large amount of product
 acceptance in the verticle market segment of transportation, banking
 and para-banking having tremendous growth potential.
 
 - The Company is currently working on an ambitious smart-card
 project
 with leading organisations as also in the areas of city commuting
 transportation and access control.
 
 - In line with Company's focused activities it is proposed to change
 the name of the Company more appropriately to Aftek Infosys Limited.
 
 - The present Authorised Share Capital of the Company of
 Rs.5,00,00,000/- (Rupees Five Crores only) divided into 50,00,000
 (Fifty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten only) each, be
 and
 is hereby increased to Rs. 6,00,00,000/- (Rupees Six Crores only)
 divided into 60,00,000 (Sixty Lakhs) Equity Shares of Rs. 10/-
 (Rupees
 Ten only) each, by creation of 10,00,000/- (Ten Lakhs) Equity Shares
 of
 Rs. 10/-each and that Clause V of the Memorandum of Association of
 the
 Company be altered accordingly.
 
 - The Company proposes to raise finance through issue of securities
 at
 premium by private placement or preferential allotment or any
 combination thereof as stated in the resolution.
 
 1999
 
 - Aftek has a software development centre at Pune which employs 30
 software professionals.  It has developed software-driven products
 like
 personal data assistant (PDA), smart card instruments, bar code
 readers
 and multi lingual terminals.
 
 - Aftek Infosys is a software-driven and Internet product company
 that
 produces personal data assistant (PDA) machines for para-banking and
 smart-card machines which are used in public transporation.
 
 - The Industrial Development Bank of India (IDBI) sold its 9-lakh
 shareholding in Aftek Infosys Ltd to the promoters at a 56 per cent
 discount to the market price of about Rs. 1108.20.
 
 2000
 
 - The Calcutta High Court has vacated an order on Mumbai-based Aftek
 Infosys which will allow the company to use `Infosys' in its
 registered
 name and `Aftek' as a trademark.
 
 - The Company has been named India's first CA Certified Gold Partner
 for developing Powersafe a next generation UPS management software.
 
 2002
 
 -Madhu Devi Saraf acquire 306908 shares amounting to Rs.5.11% of the
 total number of shares of the company.
 
 -Mr Ashutosh Humnabadkar, Mr Pramod Broota, Mr Charuhas V Khopkar ,
 Mr R U Malekar 
 and Mr Mukul Dalal resign from the board of the company.
 
 2003
 
 -Informs the issue of 1,333,333 of Global Depositary Receipt , each
 representing 3 equity shares of Rs.10 upto  million at a price of
 US $ 11.25 is to be listed at Luxembourg Stock Exchange.
 
 -Allots 39,99,300 equity shares of Rs.10 each against the GDR's.
 
 -Acquires 49% stake in Munich based Arexera Information Technologies
 GmBH.
 
 -Enters into a 50-50 joint venture with a UK based IT firm Aftek 3G
 Tel in the wireless and mobile area.
 
 -MGE UPS Systems INC., Leaders in providing unsurpassed power
 protection solutions to computer data centers, telecommunications and
 industrial operations, has tied up with the Company's 100% owned
 American subsidiary, Opdex Inc to offer Powersafe(TM), an
 enterprise-class power management solution.
 
 2004
 
 -Aftek Infosys Ltd has fixed January 29, 2004 as record date for the
 purpose of sub-division of equity shares from Rs 10/- per share to Rs
 2/- per share.
 
 -Aftek Infosys has bought a 56 per cent stake in Germany's Seekport
 Internet Technologies GmbH
 
 2006
 
 -Aftek Infosys Ltd has informed that pursuant to the special
 resolution passed at the 19th Annual General Meeting of the Company
 held on September 29, 2006, the approval of Central Government has
 been obtained on October 24, 2006 for change of name of Company from
 Aftek Infosys Ltd to Aftek Ltd.