YEAR                       EVENTS
 1972 - The company was incorporated on 4th September, at New Delhi as
 
        Tufled Carpets and Woollen Industries Limited.  The name of
 the
        company was changed to the present one on 30th January, 1979. 
  
        The company was promoted by Indian Tool Manufacturers
 Limited.
        The object of the company is to manufacture tufled carpets
 and
        Wilton/Ax-minster carpets and carpet yarn. 
 
 1977 - The company entered into a financial cum market cum technical
 
        collaboration agreement with Besmer Teppichfabrik Mertons KG,
        West Germany on 6th December.  Besides supplying technical
 know
        how, Besmer agreed to distribute and sell 80% or more of the 
        production of the company during a period of each twelve
 months
        to the computed from the date of commencement of commercial 
        production.
 
 1978 - 700 shares subscribed for by the signatories to the Memorandum
 of 
        Association, 4,20,500 shares taken up by Indian promoters,
        directors, etc. and 4,05,000 shares issued to Besmer 
        Teppichfabrik Mertens KG., West Germany.  7,93,800 shares
        offered at par for public subscription during April.
 
 1984 - Production was severely affected by a strike from 10th May to
 
        30th June.
 
 1985 - Work was again disrupted after violence in the factory in
 March, 
        which led to a forced closure of the plant from 18th April to
        14th May.
 
 1987 - The working result was not satisfactory because of several 
        adverse factors which affected the machine made carpet
 industry.
 
 1989 - The working, however, resulted in losses due to hike in input
 
        costs, higher interest burden due to continued financial
        stringency and on account of prevailing competition.
 
 1990 - The company came under the provisions of the Sick Industrial 
        Companies (Sp. Provisions) Act, 1985 and as per its
 requirement a
        reference to the Board for Industrial & Financial
 Reconstruction
        was made.
 
 1991 - BIFR appointed ICICI as an operating agency to work out a 
        rehabilitation scheme for the company.
 
 1993 - Despite forced closure of the factory during this year due to
 
        unfavourable relations with workers and management, the
 turnover
        and exports of the company stood higher.
 
 2001 - The Company have bought back 1,20,700 shares of Rs 10 each
 held by IDBI
              at a price of Rs 16.77 per share.
 
 2008
 
 -Company  has informed that the given below are the details of the
 email id designated exclusively for grievance redressal division /
 compliance officer:
 
 btclmumbai@rediffmail.com