YEAR                                                           
 EVENTS
 1984 - The Company was incorporated on 22nd November and was promoted
 by
               Shri Ram Fibres Ltd. and Nippondenso Co. Ltd.  The
 Company
               manufactures alternators/generators with or without
 vacuum pump
               regulators.
 
            - The Company undertook to set up a factory in UP with an
 installed
              capacity of 1,50,000 nos. each of alternators and
 starter motors
              and 1,00,000 nos. of wiper motors.
 
 1991 - During the year, the Board of the Company alloted 7,50,899 No.
 of Equity Shares of
              Rs.10/- each which remained unsubscribed in the year
 1989-90.
 
           - Sh. Rajive Sawhney,Sh. Satoru Takemoto and Sh. Ashok V
 Chowgule, Director of the
              company , retire by rotation at the Sixth Annual General
 Meeting and being eligible offer
              themselves for reappointment. 
 
 1992 - The company's operations were adversely affected by the
 unprecedented restrictions
              on imports, the devaluation of the rupeYour  Directors
 present their Eighth Annual Report
               for  the  year ended March 31, 1993.
 
 1994 - Effective 19th October, the company's name was changed to
              Nippondenso India Ltd. from SRF Nippondenso, Ltd.
 
           - 100 No. of equity shares of Rs 10 each subscribed for by
             signatories to the Memorandum of understanding. 
 54,99,900 No.
             of equity shares of Rs. 10 each were issued at par in
 1986 of
             which 21,99,990 shares and 14,30,000 shares reserved and
 allotted
             to promoters of SRF Ltd. and Nippondenso Co. Ltd., Japan
             respectively.  
 
          - Of the balance 37,400 shares reserved for allotment on a 
             preferential basis to employees and another 2,75,000
 shares to
             business associates.  Details of allotment not known. 
 Remaining
             15,57,510 shares to the public.  Additional 6,31,490
 shares
              allotted to retain oversubscription 36,78,954 Rights
 shares
              issued (prop. 6:10) on 6.11.1989 of these 1100 kept in.
  
           - On 24.3.1973, the company allotted following shares on a
 firm
              basis: 
 
           - (1) 30,00,000 shares to Nippondeson at a prem. of Rs 8
 per share;
  
            - (2) 15,00 000 shares to Sumitomo Corporation at a prem.
 of Rs 8 
              per share; 
 
           - (3) 15,00,000 shares to Maruti Udyog at a prem. of Rs 2
 per 
              share.
 
 1995 - The Company has obtained the approval of the Government of
 India to the
               change in Name. Effective 19th October, 1994, the
 Company's name stands
               changed to Nippondenso India Ltd.
 
             - The Board have appointed Mr. Imagawa as the Managing
 Director of the Company
                effective 02.02.1995.
 
              - Mr. Masayoshi Taira had resigned effective 2a.05.95. 
 Mr. Hiromu Okabe has been
                appointed as a Director effective 29.05.95.
 
 1996 - The Company undertook Engine management system comprising of
              electronic fuel injection system, electronic control
 unit,
              airflow meter, vacuum sensor coolant temperature sensor,
 oxygen
              sensor, throttle body, fuel injector, fuel pump etc.
  
            - The company proposed to set up new facilities to meet
 higher
               projected customer, modernisation and indigenisation
 needs.
 
            - The company entered into an agreement with Neppondenso,
 for
               technical know-how and data for all models of
 alternators,
               regulators, starters, wiper motors etc.
 
            - The company issued 9,50,800 shares of Rs 10 each at a
 prem. of Rs
              90 per share to Denso Corporation Japan and 8,99,200
 shares at a
              prem. of Rs 90 per share to ASMO Co. Ltd. Japan.
 
            - Pursuant to a global identity change, Nippondenso Co.
 Ltd., Japan
              was known as Denso Corporation, effective 1st October. 
 In
              keeping with this Nippondenso India Ltd. was also known
 as Denso
              India Ltd. effective 1st October.
 
           - 4,68,000 shares allotted on conversion of loans (1,73,800
 shares
              to ICICI; 1,95,300 shares to IDBI; 97,900 shares to
 IFCI).
 
 1997 - 9,50,800 No. of equity shares allotted to Denso Corporation,
             Japan and 899,200 No. of equity shares allotted to ASMO
 Co. Ltd.,
             Japan at a price of Rs. 100 per share on Preferential
 basis.
 
           - Pursuant to a global identity change, Nippondenso Co.
 Ltd., Japan is now known
             as DENSO CORPORATION, effective 1st October 1996.  In
 keeping with this,
             Nippondenso India Ltd., is also known as DENSO INDIA
 LTD., effective 1st
             October 1996.
 
          - Mr. T Mayumi and Mr. H. Okabe have resigned from the Board
 of the Company to
            take up other assignments of Denso Corporation, Japan. Mr.
 Takeuchi and Mr. Furuya
            had been appointed in their place. Mr. Takeuchi has since
 resigned from the Board.
            Mr. H. Uchiyama has been appointed w.e.f.  30th June,
 1997.
 
 1998 - A new company named Denso Haryana Pvt. Ltd. was formed and has
 acquired
             the 25 acres of land located in Gurgaon, for this
 purpose.
 
           - The Company has achieved ISO 9002 certification on 19th
 December, 1997
              from Underwriters Laboratories Inc., U.S.A.
 
            - Mr. Y. Furuya retires by rotation at the forthcoming
 Annual General
               Meeting and being eligible offers himself for
 reappointment.
 
             - Mr. R.C. Bhargava has resigned from the Board of the
 Company on
               relinquishing charge as Managing Director of Maruti
 Udyog Ltd.
 
 1999 
 
 -Foreign Investment Promotion Board (FIPB) on Monday approved
 Denso-Kirloskar Industries' proposal for supplying car
 airconditioners to Honda-Siel and Mitsubishi Lancer.
 
 -In order to integrate the marketing function of all affiliate
 Companies of Denso in India, a new Company namely Denso Sales India
 Pvt. Ltd. has been incorporated.
 
 2000 
 
 - Enteres into an agreement with Denso Corporation of Japan for
 transfer of additional technology.
 
 -Joint subsidiary of Denso Corporation  Sumitomo Corporation and Asmo
 Corporation of Japan  has completed its Rs. 70-crore expansion
 programme.
 
 2005
 
 -Denso India has recommended the payment of Dividend @ 10%
 
 2006
 
 -Denso India has recommended the payment of Dividend @12%
 
 2007
 
 -Denso India has recommended the payment of Dividend @ 12%
 
 2008
 
 -Denso India has recommended the payment of Dividend @ 20%
 
 2009
 
 -Denso India has recommended the payment of Dividend @ 15% 
 
 2010
 
 -Denso India has recommended the payment of Dividend @ 20% 
 
 2012
 
 -Denso Celebrates Grand Opening of its Indian Reserach & Development
 Centre