YEAR                                                                  
        EVENTS
 1993 - The Company  was incorporated on 29th January and obtained
 Certificate of
              Commencement of Business on 20th January 1995 from the
 Registrar of Companies,
              Gujarat at Ahmedabad.
 
           - AHFL joined a running unit of M/S Nemi Briquette
 Industries, a partnership firm, as a
             partner on 1.4.93.  Due to the demise of one of the
 partners and retirement of the other
             partners, the partnership firm was dissolved and the
 Company took over the firm as a
             going concern as and from 16.12.1993.
 
           - The partnership firm was engaged in manufacturing of
 Briquetted fuel(Bio-CoaI) with an
              installed capacity of 12TPD. The Company is presently
 carrying on the same manufacturing
              activity and proposes to expand the capacity to 120TPD.
 
 1996 - Mr. Jayant A Shah and Mr. Haren J Shah retire by rotation and,
 being eligible,
              offer themselves for reappointment.
 
            - Mr. Rajendra N Sanghvi resigned on May 19, 1995 on
 account  of health reasons.
 
            - The Company proposes to exploit the possibility of
 exporting the product with minor
               modification and change in the use.
 
 1998 - The Directors Mr. Jayant A Shah and Mr. Haren J Shah retire by
 rotation and, being
              eligible, offer themselves for re-appointment.
 
            - The Company proposes to exploit the possibility of
 exporting the product with minor
               modification and change in the use.
 
 1999 - Mr. Shreekant V. Javeri and Mr. Jayant A Shah retire by
 rotation and being eligible,
              offer themselves for reappointment.
 
 2000 - Alpha Hi-tech Fuel Ltd. is diversifying in the field of
 software development
             and exports.
 
           - Kitchen Appliances India, a leading home appliances
 company with the brand
             name Kenstar, is introducing a range of novel floor care
 appliances, manufactured
             in joint venture and technical collaboration with Vax
 Ltd, UK.