Aksh Optifibre

1986
 
 - Aksh Optifibre Limited (AOL) originally promoted by Choudhari and
 Navani family with Dr Kailash S Choudhari as the sole promoter, was
 established as a private limited company on March' 1986 in the name
 of
 Aksh India Private Limited
 
 1994
 
 - Aksh India Private Limited was converted into a public limited
 company on March' 1994 and subsequently changed its name to Aksh
 Optifibre Limited to properly reflect the core activities of the
 company.
 
 2000
 
 - 2,50,000 No. of Equity Shares of Rs 10/- each were allotted on 6th
 October 1999.
 
 - 24,43,000 No. of Equity shares were allotted through Bonus in the
 ratio of 1:4 on 30.03.2000.
 
 - 3,65,000 No. of equity shares were allotted to Aksh Employees
 Welfare
 Trust on 07.04.2000.
 
 - 91,400 Redeemable Preference Shares were converted into 18,28,000
 No.
 of Equity Shares of Rs 5/- each on 22.04.2000.  59,68,950 No. of
 Equity
 shares of Rs 5/- each were allotted on 1st August, 2000 through
 Public
 Issue.
 
 - The Company has entered into a five-year contract with a Japanese
 company for purchase of single mode matched clad perform to be used
 by
 the company exclusively for its own use at its plant.
 
 - All the plants are ISO-9002 certified by Underwriters
 Laboratories,
 U.S. for drawing and insulating of nonferrous wire. The company is
 one
 of the few which has capabilities of manufacturing Proof Cable which
 used to manufacture bullet proof articles. In addition to domestic
 market, the company exports cables to western markets like U.K.,
 Indonesia and Thailand.
 
 - During the year 2000, the company has entered into a scheme of
 merger
 with Telecords (India) Private Ltd., as a major step towards
 backward
 integration for manufacturing FRP rods, one of the principal raw
 materials use to manufacture optical fibre cables and hence will be
 the
 only one in India that manufactures FRP rods as well as optical
 fibre.
 
 2001
 
 - The company has initiated steps to build an additional
 state-of-the-art facility to manufacture FRP Rods, Optical Fibre and
 Proof Cable at Khatushyamji - Ringus and has acquired 1,88,720
 sq.mtrs.
 of land with its installed capacity from 120,000 to 30,000 km per
 annum. The company believes that its capacity to manufacture FRP
 rods
 will be the highest in the world.
 
 2002
 
 - The company is planning to expand their current capacities of
 optical
 fibre cables to 2,10,000 ckm. Fibre capacity to 53,00,000 lkm and
 FRP
 capacity to 10,00,000 km by Mar'02.
 
 - AOL is in the process of incorporating two wholly-owned
 subsidiaries
 which will be up and running within 15 months. Of these, one
 subsidiary
 will offer telecom solutions to bandwidth owners and the other will
 deliver convergence solutions (addressing the fiber-to-home domain)
 through services like voice telephony, fast Internet downloads and
 video-on-demand
 
 - Aksh Optifibre Ltd has informed that Smt Shobha Adlakha, Company
 Secretary has resigned from the post and has been relieved from
 duties w e f June 18, 2002.
 
 -Aksh Optifibre Ltd has informed BSE that Mr Ashish Jain, Process
 members-corporate secretarial & legal has been appointed as the
 Compliance Officer of the Company.
 
 2003
 
 -Mr Ashish Jain, Company Secretary has resigned.
 
 -Mr Barinder Singh Maur, Process Member- Corporate Secretarial &
 Legal, has appointed as Compliance Officer of the company.
 
 2005
 
 -Securities of Company voluntarily delisted from The Jaipur Stock
 Exchange Ltd (JSE)
 
 2007
 
 - Aksh Optifibre Limited has appointed Mr. Vinod Kapoor as Additional
 Director on the Board of the Company.
 
 -Aksh Optifibre Ltd has has entered into agreement with Mahanagar
 Telephone Nigam Ltd (MTNL) for providing Voice over Internet Protocol
 (VOIP) service on the Broadband Network of MTNL in Delhi and Mumbai.