YEAR                                             EVENTS
 1988 - The Company was originally incorporated as Ambika Cotton Mills
 
              Private Ltd as a Private Limited Company on 6th October
 , in the State 
              of Tamil Nadu, and subsequently converted into a Public
 Limited 
              Company on 5th September, 1994.
 
           - The Company was promoted by Shri P K Ganeshwar, Shri M
 Rathanasamy 
              and Shri P V Chandran, for setting up a cotton spinning
 mill.  The mill, located 
              in Dindigul, Tamil Nadu, commenced operations in January
 1990.  The 
              project, with an initial capacity of 6048 spindles was
 part-financed by a term 
              loan from State Bank of India. The Company carried out
 an expansion scheme 
              to add certain back-process machinery in February 1991,
 which was also 
              funded by the State Bank of India.
 
 1992 
 
 -The company began implementation of an expansion project to double
 its 
              spindlage to 12096 spindles by the addition of 6048
 spindles.  This project 
              which was financed by means of a medium term loan from
 State Bank of India 
               and the State Bank of Mysore on a consortium and
 through a Deferred 
               Payment Guarantee limit from IDBI.  The project was
 successfully completed 
              in March 1993.
 
 1994 
 
 -The Company added Comber machines to its production line and
 humidification 
              system.  This was funded by SIPCOT through a term loan
 of Rs. 90.86 lacs. 
 
           
 -The Company currently manufactures combed and carded cotton yarn of
 counts 
             ranging from 30's to 40's.  These are used by hosiery
 manufacturers to convert 
             the same into fabric or garments.
 
 2000 
 
 -The Company has chalked out a Rs 14-crore
 expansion-cum-modenrisation programe.
 
         
 2005
 
 -The Company has recommended a dividend of 20%.
 
 2006
 
 -The Company has recommended a dividend of 20%
 
 2007
 
 -The Company has recommended a Dividend of 25%
 
 2008
 
 -The Company has appointed Mr. Sunil Kumar Kolangara, as a Director
 in the Company.
 
 -The Company has recommended a Dividend of 20%.
 
 2009
 
 -The Company has recommended a Dividend of Rs 2/- per share (20% on
 face value of Rs 10/- each).
 
 2010
 
 -The Company has recommended payment of Dividend at Rs. 3/- per
 equity share of Rs. 10/- each. 
 
 -The Company has approved a proposal to enhance the Wind power
 capacity of the Company for the purpose of captive consumption from
 the present level of 15.4 MW to 26.6 MW by adding another 11.2 MW to
 the existing capacity in Tamilnadu.
 
 2011
 
 -The Company has recommended a Final Dividend at Rs. 3/- per equity
 share of Rs. 10/- each.
 
 2012
 
 -The Company reappointed Sri. P. V. Chandran as Chairman and Managing
 Director of the Company.
 
 -The Company appointed Mrs. Vidya Jyothish Pillai as an additional
 Director of the Company.
 
 -The Company has recommended payment of Final Dividend at Rs. 3/- per
 equity share of Rs. 10/- each.