Anant Raj Industries

YEAR                       EVENTS
 1985 - The Company was incorporated on 30th July, at New Delhi, and
        obtained the Certificate of Commencement of Business on 21st
        January, 1986.  The company has been promoted by Ashok Sarin,
 
        Anil Sarin, M.L. Bhasin, H.L. Bhasin along with Haryana State
        Industrial Development Corporation Ltd.  The main object of
 the
        Company is to manufacture glazed ceramic wall and floor
 tiles.
 
      - The company undertook to set up a plant for the manufacture
 of
        18,000 TPA of glazed ceramic wall & floor tiles (plain,
 coloured
        & decorative).  Land admeasuring 15 acres was acquired at
        Village Bhudla, a notified backward are in Mohindergarh
 district
        of Haryana State.  And the tiles were sold under the brand
 name
        `ROMANO'.
 
      - The company entered into an agreement with Henshall Bamford &
        Partners of London, U.K. (HBP) for know-how, engineering
        services, assistance in procurement of plant & machinery,
        supervision of production and helping the company to achieve
 80%
        of capacity utilisation.  In return for the services rendered
        they were to be paid a minimum fee of Pound Sterling 3,32,000
 in
        three equal instalments plus reimbursement of out of pocket
        expenses incurred on the foreign technicians.
 
 1988 - Allotted 12,03,689 shares to Indian Promoters, directors,
 etc.,
        6,69,011 shares to NRI promoters, their friends etc. and
 5,07,300
        shares to HSIDC.
  
 1989 - 37,30,000 shares issued at par of which the following shares
 were
        reserved and allotted on a firm basis;
 
      - (i) 4,41,611 shares to promoters, directors, etc.,
 
      - (ii) 4,91,689 shares to NRIs on repatriation basis;
 
      - (iii) 1,46,700 shares to HSIDC and
 
      - (iv) 2,00,000 shares to SBI Mutual Fund.
 
      - Out of the remaining 24,50,000 shares, the following shares
 were
        reserved for preferential allotment:
 
      - (i) 3,05,500 shares to employees, etc. (none were taken up)
 and
 
      - (ii) 7,50,000 shares to NRIs on repatriation basis (only
 2,99,000
        shares taken up).
 
      - The balance 13,94,500 shares alongwith the 7,56,000 shares of
 the
        preferential quota not taken up, were offered to the public
 in
        August 1989.  Additional 3,97,500 shares were allotted to the
        public to retain over-subscription.
 
 1992 - Margins improved mainly on account of stringent and effective
        cost reduction measures taken by the Company and introduction
        of higher valued added products.
 
 1993 - Performance of the company was satisfactory despite fierce
        competition and steep rise in input cost.
 
      - As a part of diversification, the company purchased a running
        unit for manufacturing of L.P.G. Cylinders with an annual
        production capacity of 6 lakh cylinders of different sizes.
 
 1994 - The company undertook expansion scheme by the addition of
        equipment raising the production capacity from 3,500 sq. mtrs.
 to
        8,000 sq. mts. per day.
 
      - 9,85,000 No. of equity shares at par were allotted to the 
        Financial Institutions on conversion of rupee term loan.
 
 1995 - The company proposed to undertake expansion scheme by the  
        addition of equipment including imported machines raising the
        production capacity from 3500 sq. trs to 8000 sq. mts. per
 day.
 
      - Effective May 25, the name of the Company was changed from
 Anant
        Raj Clay Products Ltd. to the present one.
 
      - The company allotted 30,00,000 No. of equity shares to the  
        promoters, Directors and their associate companies, relatives
        etc. on preferential basis at the rate of Rs. 13 per share
        (inclusive of Rs. 3 as share premium).
 
 1997 - The promoters shall disinvest their equity shareholding in
 excess
        of 40% within three years from the commencement of commercial
        production by way of rights offer to the existing
 shareholders
        (other than promoters) or by private placement with financial
        institutions at a price not exceeding the prevailing market
        price.
 
 2006
 
 -Delists securities from the Delhi Stock Exchange Association Ltd
 (DSE) with effect from March 20, 2006.