YEAR                       EVENTS
 1989 - The Company was incorporated on 28th September, and obtained
        certificate of commencement of business on 7th November. The
        Company was promoted by Apar Limited and GIIC.  
 
      - The Company undertook to set up manufacture of Acrylonitrile 
        Butadiene Rubber (NBR) and latexes with a capacity of 5,000
 TPA
        and installed capacity of 6,250 TPA.
 
      - The equipment to be imported include acrylonitrile analysis
        tester, expeller, bale wrapper, mass flow meters etc. while
        others were to be procured indigenously.  NBR is a special
        purpose oil resistant synthetic rubber used in rice
 de-husking
        rolls, moulded and extruded goods, oil hoses and beltings. 
        Latexes are used for paper making and manufacturing non-woven
        fabrics, artifical leather making etc.
 
      - The Company entered into technical collaboration agreement
 with
        M/s. Goodyear Tire & Rubber Co., U.S.A. for transfer of
 process
        know-how, technology and basic engineering, training of
        personnel, assistance in commissioning and start up of the
 plant.
 
      - M/s. Dalal Consultants & Engineers Ltd. were appointed as
        engineering consultants for designing of equipments as per
 basic
        engineering provided by Goodyear as also procurement,
 inspection,
        supervision, construction, erection and commissioning etc.
 
 1990 - The Company entered into a Memorandum of Understanding dated
 20th
        December, with M/s. APAR for technical assistance, for making
        available its R&D facilities and assist in marketing its
        products.  It would also enable its marketing division and
        associate officer to market the products in addition to
 making
        available its warehousing, godowns and sales office
 facilities
        etc.
 
      - In consideration of these services, APAR would be receiving
        remuneration on the basis of net ex-factory value of the
 product
        at such rate or rates as may be mutually agreed to, not
 exceeding
        in the aggregate for different nature of services, 5.25% of
 the
        net ex-factory value.
 
      - 1,001 No. of equity shares of Rs.10 each subscribed for by
 the
        signatories to the Memorandum of Association.  141,58,999 No.
 of
        equity shares of Rs. 10 each were issued for cash at par of
 which
        the following were reserved for allotment on a firm basis:  
 
      - (i) 60,69,219 shares to promoters, directors, etc. and M/s.
 Apar
        Ltd. and 
 
      - (ii) 15,59,780 shares to GIIC.  
 
      - Of the remaining 65,30,000 shares, the following were
 reserved
        for allotment on a preferential basis: 
 
      - (i) 12,90,000 shares to Asian Development Bank, the ICICI and
 the
        UTI (all were taken up) and 
 
      - (ii) 7,08,000 shares to employees (including Indian working
        directors) workers of the Company and also those of promoter
        companies (all were taken up).  
 
      - The balance 45,32,000 No. of equity shares were offered for
        public subscription during Jan. 1991.  Additional 21,20,000
        shares were allotted to retain oversubscription (11,40,500
 shares
        to promtoers, Apar Ltd., GIIC, 1,06,200 shares to employees
 and
        8,73,300 shares to public.
 
 1991 - The Company proposed to expand the manufacturing capacity
 from
        6250 MT to 10,000 MT per annum.
 
      - The Company proposed to issue 40,70,000 secured partly
        convertible debentures of Rs. 50 each @ 17% on right basis to
 the
        shareholders at the ratio of 1 debenture: 4 equity shares
 held.
 
      - Another 2,04,000 partly convertible debentures were to be
 offered
        to the employees @ 17%.
 
      - Part `A' of cash of Rs. 20 was to be converted into one
 equity
        share of Rs. 10 each at a premium of Rs. 10 on the date of
        allotment.  Part `B' of each debenture of Rs. 30 was to be
        redeemed at par in 3 equal instalments on the expiry of 7th,
 8th
        and 9th years respectively from the date of allotment.
 
 1993 - During the year, the Company received a package of reliefs
 and
        concessions from financial institutions to help the Company
        reduce the interest burden, increase plant utilisation and
        improve profitability.
 
      - The Company awaited approval for the proposed rights issue to
        repay the term loans and reduce interest burden and to
 strengthen
        the business operation of the Company.
 
 2002-Apar Industries Ltd has informed  that, IDBI has nominated Shri
 V.D.Shinde, Dy. General Manager, IDBI as Nominee Director on the
 Board of the company in pursuance of their loan agreement with the
 company.
 
 
 2003
 
 Members Approve to delist their shares from 2 Stock Exchanges
 
 
 2007
 
 The Company has appointed Mr. Sanjaya R. Kunder as new Company
 Secretary under the provisions of Section 383A of the Companies
 Act,1956 w.e.f. 18th June, 2007 and he will act as Compliance Officer
 of the Company in terms of Clause 47(a) of the Listing Agreement
 entered into by the Company with the Stock Exchange.
 
 -The Company has issued Bonus Shares in the Ratio of 1:3.
 
 2008
 
 -Apar Industries Limited has acquired Uniflex Cables Limited.
 
 2010
 
 -Apar Industries Ltd recommended Dividend @ Rs. 5/- (50%) per equity
 share
 
 2011
 
 -Apar Industries Ltd recommended Dividend @ Rs. 3.50/- (35%) per
 equity share
 
 -Mr. Rajesh Sehgal has been as an Additional Director of the Company
 
 2012
 
 -Apar Industries Ltd recommended Dividend @ Rs. 4/- (40%) per equity
 share