YEAR                       EVENTS
 1963 - Borax Morarji Limited was incorporated on August 27, at
 Mumbai.
        It was promoted jointly by The Dharamsi Morarji Chemical Co.
 Ltd.
        Mumbai.  The Main Object of the Company is to Manufacture and
        deal in borax and boric acid, their derivatives, by-products
 and
        compounds.
 
      - The Company entered into a collaboration with Borax
 (Holdings)
        Ltd. England, for the supply of technical know-how etc., for
 the
        manufacture of borax and boric acid.
 
 1964 - 20 shares subscribed for by signatories to Memorandum. 
 Allotted 
        26,991 shares to Borax (Holdings), Ltd., U.K. and 14,998
 shares 
        to Dharamsi Morarji Chemical Co., Ltd.  17,991 shares offered
 to
        the public in January.
 
 1970 - 20,000 Bonus equity shares issued in prop. 1:3.
 
 1975 - 26,666 Bonus equity shares issued in prop. 1:3.
 
 1983 - Shares of Rs 50 each split into shares of Rs 10 each.
 
 1986 - It was proposed to increase the licensed capacity of boric
 acid
        by 867 tonnes per annum under the Govt.'s Re-endorsement of
        Licensed Capacity Scheme.
 
      - Land, buildings and plant and machinery of the Company were 
        revalued as on 31st March.
 
      - 5,33,330 Bonus equity shares issued and allotted at par in
 the
        ratio 1:1.
 
 1989 - 5,33,330 Bonus equity shares issued and allotted at par in
 the
        ratio 2:1.
 
 1990 - During June/July, 7,99,995 Rights equity shares offered (prem.
 Rs
        10 per share; prop. 1:2).  (all were taken up). 
 Simultaneously
        another 40,000 shares (prem. Rs 10 per share) issued to
 employees
        under Stock Option Scheme (only 10,520 shares taken)
 unsubscribed
        29,480 shares allowed to lapse.
 
 1992 - The margins were adversely affected due to allround increase
 in
        cost of production.  The Boron division was adversely affected
 on 
        account of the recessionary condition of the consumer
 industries   
        using borax.
 
      - The Company undertook to set up a 100% EOU for manufacture of
        brush/rooms block at Shenbagaraman Puthur.
 
 1993 - The Company proposed to explore the possibilities to enter
 into 
        business of import, manufacture and/or distribution/marketing
 of
        LPG, including acquiring mining rights, drilling operations
 and
        acting as dealers, transporters etc.  Also, it was proposed
 to
        generate electricity with the help of conventional and
        non-conventional sources of energy such as wind, solar energy
 
        etc.
 
 1995 - A Registered User agreement was entered into with Borax 
        Consolidated Ltd., London, for permission to market the
 company's
        product under the trade mark 20 Mule Team.
 
      - The Company had indentified a project for manufacturing
        chemically treated rubberwood BOROTIK and a chemical
        formulation INJECTA.
 
      - The Company identified a new product `Vinyl Sulphone' used
 for
        the manufacture of reactive dyes.  Approval to set up a plant
 
        with a capacity of 1000 tonnes of Vinyl Sulphone per annum
 was
        received from the Ministry of Industry.  The Company also
        proposed to produce Wooden Flooring from Borotik to give one
 more
        value added item for export.
 
      - 6,02,627 right equity shares allotted at a premium of Rs 20/-
 per
        share in ratio of 1:4.
 2009
 
 - Borax Morarji Ltd has re-appointed Mr. H T Kapadia, whose term as
 Managing Director of the Company expired on March 31, 2009, as the
 Managing Director of the Company for a period of 1 (one) year from
 April 01, 2009 by the Board at its meeting held on March 30, 2009.
 
 - Borax Morarji Ltd has appointed Miss Mitika L. Goculdas as
 additional Director at the meeting held on December 02, 2009.
 
 2012
 
 - Shri Bimal Lalitsingh Goculdas has been appointed as Managing
 Director of the Company w.e.f. April 01, 2012