The Company was originally incorporated as a Private Limited
 Company on 3rd April, 1986, as DATALAB (INDIA) PRlVATE LIMITED
 and due to Provisions of Section 43A. had became a Deemed Public
 Limited Company. Subsequently, due to changes in limits Under
 Section 43A the Company was re-converted into Private Limited
 Company on 19th March, 1991. The Company became a Public
 Limited Company again by passing a Special Resolution on 26th
 March, 1994, and the name of the Company was changed to DATALAB
 (INDIA) LIMITED and a fresh certificate of Incorporation has
 been obtained on 29th September, 1994 from the Registrar of
 Companies, Maharashtra. The Company has been promoted by Shri
 Ashok Kotwani and family to manufacture Hi-Tech products for
 export and local market.
 
 The Company was initially engaged in manufacturing of
 Spectrometers and other equipment for the export market.  It had
 achieved a turnover of Rs.402.42 Lacs and Rs.799.48 Lacs in the
 period 1986-87 and 1987-89 respectively.
 
 The Company has its own 100% Export Oriented Unit at Seepz,
 Bombay to manufacture and export Spectrometers. The Company
 presently manufactures Gas Chromatographs under Technical
 Guidance from FISONS INSTRUMENTS, ITALY at its Unit at Vasai,
 Bombay.  It also deals in Weighing Instruments. Spectroscopic
 products. Thermal Systems, Chromatographic products and
 Titrometry products. It is exclusively Authorised by world
 renowned leaders in Weighing and Analytical Equipment field like
 Mettler Toledo AG, Switzerland, GBC Scientific Equipment Pty
 Ltd, Australia, Fisons Instruments S.P.A. Italy, Milestone,
 Italy, ELGA, U.K., MIDAC, USA, etc., to stock and sell their
 products in India.
 
 2005
 
 -Ashco Niulab Industries has given the Bonus in the Ratio of 3:1
 
 2006
 
 -Ashco Industries delisting its securities from DSE.
 
 -Ashco Industries Ltd has appointed Mr. Shashin Rajnikant Shah and
 Mr. Rajesh Sriniwas Nawathe as Additional Directors w.e.f. June 30,
 2007 in the category of Independent Directors.
 
 2008
 
 - Company name has been changed from Ashco Industries Ltd to Ashco
 Niulab Industries Ltd.
 
 2009
 -Company has splits its Face value of Shares from Rs 10 to Re 1
 
 2010
 -Company has Consolidates its Face value of Shares from Rs 1 to Rs 10