YEAR                                                         EVENTS
 1939 - The Company was incorporated at Dhrangadhra (Gujarat State). 
 The
              Company manufacture soda ash and other salts.  The
 Company also
               carries on the business of chemicals, drugs, essences,
 cordials,
               acids, alkalies, pharmaceuticals, etc. Soda ash, soda
 bicarb and
               calcium chloride are manufactured at Dhrangadhra and
 caustic soda
               at Sahupuram.  The products are sold under the trade
 name
                `Horseshoe'.
 
 1972 - Authorised capital increased.  54,180 Bonus Equity shares
 issued
              in prop. 1:3.
 
 1977 - Div. on 12,957-7.8% Pref. shares raised to 11% from 13.8.1976
 and
             made redeemable in 5 equal instalments starting from
 13.8.1987. 
             2,592 Pref. shares redeemed.
 
 1978 - Redeemed 2,592-11% Pref. shares in 1978-79, 2,591-11% Pref.
             shares in 1979-80 and 2,591-11% Pref. shares in 1980-81.
 
 1980 - Plastic Resins and Chemicals, Ltd. (PRCLTD), an erstwhile
             subsidiary of the Company was amalgamated with the
 Company with
             effect from 30th September, and PRCLTD had come to be
 known as
             the PVC division of the Company.
 
           - Pantape Magnetics, Ltd. (PML), manufacturers of magnetic
 tapes
             at Nanjangud, Mysore, Karnataka became a sick unit and
 was
             referred to the Appellate Authority for Industrial &
 Financial
             Reconstruction (AAIFR).
 
          - The ICICI proposed a scheme of amalgamation between the
 Company
             and PML by which one preference share of Rs 25 each of
 CDW was to
             be issued for every 25 shares held in PML by its
 shareholders.
             Accordingly, 21,000 redeemable preference shares of Rs 25
 each
             were being issued to the shareholders PML.
 
 1985 - 56-15% Pref. shares and 91 No. of equity shares issued
 without
              payment in cash to the members of PRC, Ltd. on its
 merger.
 
 1986 - Equity shares sub-divided in Mar. 1987.  4,69,730 rights
 equity
              shares of Rs 10 each then issued (Prem. Rs 15 per share;
 prop.
              1:5).  Additional 1,17,432 shares allotted to retain
              oversubscription.  Another 23,486 shares (prem. Rs 15
 per share)
              offered to employees.  Only 7,550 shares taken up.  The
 balance
              15,936 shares allowed to lapse.
 
 1987 - The caustic soda division was affected by severe power cut
 and
              fluctuations in voltage in Tamil Nadu.  The Company
 undertook a
              feasibility study to manufacture VCM through alcohol
 route.
 
           - Necessary approvals were obtained to manufacture
 electronic
             components, PVC and plastic based products.
 
           - The Company's R&D division at Sahupuram undertook
 activities such
              as higher purification of limenite ore and standardising
 the
              bleaching parameter to make premium grade synthetic
 rutile.
 
           - The Company issued 14% - secured non-convertible
 debentures of
              Rs 250 lakhs to UTI, LIC, GIC and its subsidiaries on
 private
             placement basis.
 
          - The name of the Company was changed from Dhrangadhra
 Chemical
             Works, Ltd. to DCW Ltd. with effect from 8th April.
 
           - 29,43,362 bonus equity shares issued in prop. 1:1 and
 were
             allotted on 1.11.1988.
 
 1989 - The company privately placed with financial institution and
 banks
              4,15,000-14% debentures of Rs 100/- each.  These
 debentures are
              redeemable at a premium of 5% from 1994 in various
 annual
              instalments.
 
           - The Company acquired the entire shareholding of 20,00,000
 No. of
              equity shares of Rs 10/- each in DCW Home Products, Ltd.
 (DHPL)
              making a wholly owned subsidiary.  The popular products
 are
              `Jaag', a detergent and `Marvo', a free flowing salt.
 
 1990 - The second boiler was commissioned.  During the year the PVC
              plant was modernised by installation of additional
 stainless
              steel reactors and a modern energy efficient drier.
 
            - The Company issued debentures aggregating Rs 3.50 crores
 on
               private placement basis with financial institutions.
 
            - 35,32,035 bonus equity shares issued in prop. 3:5 in
 December.
 
 1991 - A new infusion plant was installed and commissioned as a part
 of
             modernisation programme undertaken at the caustic soda
 unit.
             Modernisation of the Beneficiated limenite unit was
 undertaken to
             enhance the unit's capacity from 15,000 TPA to 25,000
 TPA.
 
           - At the PVC division, a new fluid bed drier was installed
 and
             commissioned in addition to the installation of four new
             stainless steel reactors.
 
           - Approvals were received for the promotion of a new
 company by the
             name of DCW Finance, Ltd., for carrying out the business
 of
             financing, investments, leasing and other related
 business.  The
             Company proposed to make it its wholly owned subsidiary.
 
           - 53,33,310 No. of equity shares issued in part conversion
 of 16.5%
             Debentures.
 
 1992 - During January, the Company offered 22,22,222-16.5% partly
              convertible debentures of Rs 135 each on Rights basis in
 the
              proportion 23 debentures: 100 No. of Equity shares held
 (all were
              taken up).  Additional 3,33,323 debentures were allotted
 to
              retain oversubscription.
 
           - Another 1,11,110-16.5% debentures were issued to
 employees on an
             equitable basis (only 35,500 debentures taken up).  The
             unsubscribed portion of 75,6000 debentures were allotted
 to Stock
             Holding Corporation of India AIC GIC Mutual Fund.
 
           - Rs 90 of the face value of each debenture was to be
 converted
             into two equity shares of Rs 10 each at a premium of Rs
 35 per
             share.  Accordingly shares were allotted on 11th
 October.
 
           - Balance of Rs 45 of the face value of each debentures was
 to be
             redeemed at par at the end of 7 years from the date of
 allotment
             of debentures.  Necessary approvals were received for
 issue of
             49,17,360 No. of equity shares of Rs 10 each for cash at
 a
             premium of Rs 15 per share on Rights basis in the
 proportion 1:3.
 
           - Another 9,83,500-14% secured redeemable non-convertible
             debentures with detachable warrants were also to be
 issued on
             Rights basis in the proportion 1 NCD: 15 No. of equity
 shares
             held.  The debentures are to be redeemed at par in one
 instalment
             of Rs 100 each at the end of 5th year from the date of
 allotment
             of NCDs.
 
           - The Company undertook a project for the manufacture of
 75,000
              tonnes per annum of whole wheat flour at MIDC, Taloja,
              Maharashtra.
 
 1994 - The Company proposed to build a minor port next to Caustic
 Soda
              division in Tamilnadu which would be utilised for
 creating a tank
              farm on international lines for merchant sales apart
 from
             Company's own needs.
 
           - Another subsidiary Company DCW Power Corporation Ltd.,
 entered
             into a MOU with govt. of Madhya Pradesh and the Madhya
 Pradesh
             Electricity Board for setting up a 120 MW Internal
 Combustion
             residual oil fixed power generating plant at Mandideep in
 Madhya
             Pradesh.
 
           - 92,25,000 shares allotted against GDR.  49,17,360 shares
 allotted
             as rights.
 
 1995 - The Company proposed to increase the PVC plant capacity from
              60,000 tonnes to 1,00,000 tonnes per annum.
 
            - In March, the first generator of 6MW was commissioned. 
 Two more
              generation of 6MW each were commissioned and one more
 was
              commissioned in April.  Two wind mills of 250 KW was
 installed
              each at Poolavadi, Tamilnadu.
 
            - The Company proposed to set up a commercial plant for
              manufacturing Yellow Iron Oxide and an Acid Regeneration
 plant in
              order to utilise the effluents from the upgraded
 limenite plant
              as feed-stock.
 
 1996 - The Company undertook to set up facility at its factory in
              Sahupuram, Tamil Nadu for recovery ferrite grade iron
 oxide from
              effluent of the beneficiated limenite plant.
 
            - It was also proposed to manufacture soft ferriates
 depending on
              the quality of iron oxide.
 
           - The Company proposed to concentrate its efforts on its
 core
              business activity viz., manufacture & sale of heavy
 chemicals &
              petrochemicals, to separate companies in the group.
 
            - It was proposed to transfer at book value the company's
 business
              centre activity to a new company viz. DCW Estates Pvt.
 Ltd.
              and the company's entire shareholding in DCW Home
 Products Ltd.
              to another new company viz. Crescent Finstock Pvt. Ltd.
 
 1999 - During the year the performance of the Company was adversely
 affected 
             due to the continuing global demand recession and
 generally adverse market 
             conditions.  
 
 2000 - The Company issued 57,78,886 No. of equity shares of Rs.10/-
 each for cash at
               par aggregating Rs.5,77,88,860/- on a Rights basis to
 the existing equity shareholders
               of the company in the ratio of 1(one) equity share for
 every 5 (Five) equity shares held.
 
            - The Company has entered into a strategic alliance with
 Hindustan Lever for
               manufacture of detergents/detergent intermediates for
 HLL at DCW's plant at Dhrangadhra.
 
 2002-DCW Ltd has informed BSE that Shri T S Ravikumar, Director and
 Secretary of the company has resigned from the service of the company
 with effect from November 15, 2002 and Shri C V Subramanian has joined
 the services of the company as Chief Financial Officer with effect
 from October 21, 2002.
 
 
 2004
 
 - Dcw - Sale of Equity Shares of the Company.
 
 2005
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2007
 
 - Caustic Soda Plant conversion to Membrane Cell process from Mercury
 process.
 
 2008
 
 - 2x25MW Coal based Power Plant.
 
 2009
 
 - 'National Energy Management Award’ from CII to certify that DCW is
 an Excellent Energy Efficient Unit.
 
 -  8.27MW Power plant using surplus stea.
 
 2010
 
 - 'National Energy Management Award’ from CII to certify that DCW is
 an Excellent Energy Efficient Unit.
 
 - 'National Energy Management Award’ from CII to certify that the
 project implemented by DCW is an Innovation Project
 
 - DCW Awarded Best Managed Chlor-Alkali Plant by Alkali
 Manufacturers' Association of India.
 
 -DCW Limited has entered into a Technical License and Support
 Agreement with Rockwood Italia (Italy), a leading producer of
 synthetic iron oxides
 
 - Has entered into a Technical License Agreement with Arkema, France,
 Europe's leading producer of Vinyl Products.
 
 2012
 
 - Mr. D. Ganapathy has been appointed as an Additional Director