YEAR                                                          EVENTS
 1954 - The company was incorporated on 26th November under the name
 and
        style Goetze (India) Pvt. Ltd.  The company promoted jointly
 by 
        Goetzewerke Friedrich Goetze A.G., West Germany and Escorts
 Ltd.
        It became a public limited company on 28th March 1961 as a
        subsidiary of Escorts Ltd.  The company ceased to be a
 subsidiary
        of Escorts Ltd., on 12th May, 1978.
 
      - A manufacturing plant was set up at Bahadurgarh, near Patiala
 in
        Punjab state for the manufacture of piston rings and cylinder
        liners.
 
      - The main objective of the company is to manufacture piston
 rings,
        cylinder liners, piston castings, groove inserts and light
        alloy cylinders and to carry on the business of leasing.
  
 1972 - 8,443 shares issued partly without payment in cash (the amount
 of
        cash paid being Rs. 2,230) 14,234 shares issued as bonus
 shares
        in prop. 1:2 during 1966-67.  Total number of bonus shares
 issued
        till date are 14,235.
 
 1978 - The company undertook to set up a new plant at Yelahanka with
 a
        capacity to manufacture additional 10 million piston rings
 per
        annum.  Bangalore project also envisaged the manufacture of
        special types of piston rings both in material and design
        covering steel rings, high alloyed cast iron high strength
 rings,
        precision ground key stone rings and large diameter piston
 rings 
        for diesel locomotives and marine applications.
 
      - During 1977, authorised capital reclassified and increased
 and
        shares subdivided.  12,09,292 No. of equity shares issued
 (prem.
        Rs. 2 per share ) and allotted on 13th May (6,39,292 shares
 to
        Goetzewerke Friedrich Goetze, A.G., West Germany, 4,50,000
 shares
        to Escorts, Ltd. and 1,20,000 shares to directors and
 employees
        of Escorts group and business association of the company).
        12,53,328 shares offered for public subscription (prem. of Rs.
 2
        per share).
 
 1979 - Machinery for the production of special types of rings was 
        received during the year at the Bangalore plant.
         
 1980 - The machinery was installed and commissioned at the Bangalore
        plant.
 
      - 4,72,399 No. of equity shares issued (prem. Rs. 2 per share)
 to
        financial institutions upon part conversion of loans.
 
 1982 - 1,50,000 No. of equity shares issued (prem. Rs. 11.50 per
 share)
        to Goetze Ag., West Germany to maintain their shareholding at
        about 25.77%.
 
 1985 - The Patiala plant was to manufacture small size pistons for 
        application in fuel efficient bi-wheelers with imported   
        equipment.  During the last quarter leasing business became
        operational.
 
      - The company started leasing business with a product-mix of
 energy
        saving devices, gas cylinders, bottles, etc. heavy
 construction
        and earth moving equipment, industrial cranes and general
        machinery.
 
      - 23,11,200 rights equity shares issued (prem. Rs. 3 per share)
 in 
        prop. 1:2.
 
 1986 - The company commenced production of light alloy cylinders for
        shell moulding process and also small size piston rings.
 
 1987 - Sales and profits registered an increase of 22% and 5% 
        respectively.  Higher production and sales were also recorded
 in
        the higher metal alloy cylinders and groove insert sleeves.
 
      - During the year, the company commenced exports of processed
 fruit
        products.  The company also explored the possibility of
 setting
        up a joint venture company for the manufacture of food
 products
        with buy back arrangements specially for exports market.
 
 1988 - Better product-mix and introduction of new products enabled
 the
        company to improve the margins.
 
      - Negotiations were in Progress to set up joint ventures in
 India
        for food processing and packaging with buy back arrangements
 and
        sourcing of exports by the collaborators for their world wide
        international markets.
 
      - The Company developed large diameter piston rings upto 300 mm
        being hitherto imported, matching pistons manufactured by
 Escorts
        Ltd., for high horse power diesel engines and for railway
        locomotives and for power generation.
 
      - The company proposed to set up a joint venture in Singapore at
 a
        cost of Rs. 16 lakhs for the manufacture of automotive
 components
        for Japanese vehicles.  Necessary approvals were recieved for
 the
        company's equity participation in Goetze (Asia) Pte. Ltd.,
        Singapore the joint venture with Goetze A.G of West Germany.
 
 1989 - The company started supplying large diameter piston rings upto
 
        300 mm developed for Indian Railways for application in 
        locomotives.
         
 1991 - The company finalised its diversification plans in the
 following
        four areas:
  
      - (i) A solvent extraction plant with a capacity of 300 TPD was
 
        being set up using the latest expander technology for
 processing 
        mustard, sunflower and other oil bearing seeds.  Besides
 Edible
        Oil unit a fully integrated genetic engineering facility for
        producing high yielding hybrid seeds was also proposed to set
 up.
 
      - (ii) The company proposed to form a separate company in 
        collaboration with Nanz India KG, to enter the area of super  
  
        markets adhering to international quality and service
 standards.
 
      - (iii) An 100% export oriented leather garment unit with an 
        installed capacity of 1.75 lakh pieces was being set up in a 
        phased manner. 
 
      - (iv) It was proposed to form a new company for the acqua
 culture
        project.  A collaboration agreement was reached with a
 leading
        company in the field of acqua culture, for technical support
 and
        buy-back.
 
 1992 - During January, the company issued 52,00,200 - 12.5% Secured
        fully convertible debentures of Rs. 60 each at par on rights
        basis in the proportion of 3 debentures: 4 equity shares
 held.
        All were taken up. 
 
      - Another 2,59,800 - 12.5% fully convertible debentures of Rs.
 60
        each were offered to the employees.  Only 1,45,800 debentures
        were taken up.  The remaining 1,14,000 debentures were allowed
 to
        lapse. 
 
      - Each debenture of Rs. 60 was to be converted into one equity
        share of Rs. 10 each at a premium of Rs. 50 per share on the
        expiry of 6 months from the date of allotment during
 September. 
 
 1993 - Performance was attributed to the commissioning and production
 of
        company's solvent extracted vegetable oil plant, leather
 garment
        factory and production from expanded capacity of rings
 projects.
        Exports improved considerably due to response received for 
        leather garments from overseas customers.
 
 1994 - 45,78,767 No. of equity shares of Rs. 10 each allotted.
        21,67,000 shares (on private placement basis and 24,11,767
 shares 
        on preferential basis).
 
 1995 - Brico Goetze (India) Ltd. was formed in collaboration with
 T&N
        Ple for the manufacture of Sintered Metal Components.
 
      - 84,23,365 bonus shares allotted in prop. 1:2 on 8.2.1996.
 
 1996 - The turnover and performance of the company's solvent
 extracted 
        oil division, leather garments division and auto ancillaries
        division was higher compared to the previous year.
         
      - With effect from 1st October, the entire business undertaking
 of   
        piston activity was transferred to M/s. Escorts Mahle Ltd. a
 new
        joint venture between Escorts Limited and Mahle GmbH,
 Germany.
 
      - On 2nd July, 5,818 bonus equity shares were allotted,
 consequent
        upon the consolidation of fractional coupons arised out of
 the
        bonus issue made in the previous year.
 
 1997 - Performance of solvent oil extraction division and leather
        garment division were affected during the year.
 
      - T&N plc of the UK, Teikoku Piston Ting of Japan, and Goetze
        (India) Ltd are together forming a new joint venture company
 in
        India to manufacture steel piston rings.
 
      - Goetze TP is setting up a state-of-the-art plant at Bangalore
        for manufacturing nitrided steel piston rings, three-piece
 oil
        rings and other sophisticated steel rings.
 
      - Goetze (India) Ltd. has signed a joint venture agreement with
        Teikoku Piston Ring Co. Ltd, Japan and T&N Investments Ltd,
 UK,
        to manufacture nitrided steel piston rings, three piece oil
        rings and other sophisticated steel rings.
 
 1998 - The company has proposed to arm the board with powers to buy
 back
        shares up to 20 per cent of the company's paid-up equity
 capital
        in one or more tranches, by investing funds up to Rs 35
 crore.
 
      - Goetze India has proposed to hive off its leather garments
 and
        edible oils businesses to separate joint venture companies.
 
      - Crisil has downgraded the fixed deposit (FD) programme of
        Goetze India Ltd (GIL) to FA + from FAA.  The rating reflects
        the deterioration in the overall risk profile of the company
 on
        account of the increasingly difficult business environment
        characterised by sluggish growth in end-user industries and
        increased competitive pressures, sharp decline in turnover
 and
        profits and increased funding requirements in the current
 year.
 
      - A major manufacturer of engine parts mainly piston rings
 (Goetz
        (India) Ltd. is a joint venture between Escorts and Goetz
        mbh/Federal Mogul.
 
 1999 - The company had asked its collaborators, Federal Moghul, to
        re-design its work-flow through business process
 re-engineering
        for better productivity.
 
 2000
 
 -Decides to extend its voluntary retirement scheme (VRS) for another
 two years and proposes to reduce its headcount further by 400
 employees during this period.
 
 -A joint venture between the Escorts Group and Federal Moghul
 Corporation of the United States  has decided to sell-off the solvent
 oil extraction facility for Rs 5 crore and concentrate on its core
 auto-ancillaries business.
 
  - CARE has assigned a PR1 rating to the Commercial Paper programme
             of Rs 40 mn of Goetze India.
 
 2001 - Amalgamation of Wholly-owned subsidiary Federal Mogul
 Sintered
             Products with the company.
 
 2002
 
 -Mr. Arun Anand has been appointed as Whole-time Director
 
 2003
 
 -Allottes on January 01, 2003, 10,00,000 - 11% Cumulative Redeemable
 Preference Shares of Rs 100 each aggregating to Rs 100 million on
 private placement basis.
 
 - Joint Investments Pvt Ltd has acquired 68,80,260 Equity Shares of
 the Company on February 10, 2003 being 27.21% of the total paid up
 Capital of the Company from Escorts Ltd 
 
 -Hon'ble High Court of Delhi has sanctioned the amalgamation of
 Escorts Pistons Ltd and Coupled Investments Pvt. Ltd. (both 100%
 subsidiaries) with the Company w.e.f. November 01, 2002.
 
 -Mr.B R Kapoor has retired as Executive Director of the company. he
 continues to be the Director of the company.
 
 -CRISIL has reaffirmed the 'P1' rating on the Rs 40 crore (Rs 400
 million) commercial paper programme of Goetze, GIL
 
 -Board approves rights issue of equity shares for an aggregate amount
 of upto Rs 500 million
 
 - i) Mr. B. R. Kapoor has resigned w.e.f. September 01, 2003; ii) Mr.
 Rajan Nanda has resigned w.e.f. September 27, 2003; iii) Mr. Rainer
 Jueckstock has been appointed as Director w.e.f. September 01, 2003;
 iv) Mr. Jochen Stechow has been appointed as Alternate Director
 w.e.f. September 01, 2003.
 
 -Approves the delisting of the company's equity shares from the Delhi
 and Mumbai Stock Exchanges.
 
 - Dr. Surinder Kapur has been inducted on the Board of the Company
 w.e.f December 19, 2003.
 
 2004
 
 -Delisted from the Delhi Stock Exchange Association Ltd. (DSE) w.e.f.
 December 29, 2003 subsequent to the Company's application for
 delisting.
 
 -Signs a Technology Agreement with Federal Mogul, GmbH, , Germany
 
 2005
 
 -Goetze India Ltd has informed that Mr. L M Thapar has resigned from
 his Directorship on the Board of the Company with effect from July
 26, 2005
 
 2006
 
 -Goetze India appoints Arun Anand as CEO
 
 2007
 
 -Federal-Mogul Goetze (India) Ltd has appointed Mr. Rustin Murdock
 has been appointed as Managing Director & CFO.
 
 -Federal-Mogul Goetze (India) Ltd Issues Rights in the Ratio of
 29:100
 
 2008
 
 - Federal-Mogul Goetze (India) Ltd has informed that the Board of
 Directors of the Company at its meeting held on March 03, 2008, has
 appointed Mr. Jean Humbert Louis de VILLARDI de Montlaur as an
 Additional Director of the Company who further appointed as Whole
 Time Director & President in the same meeting.
 
 -The company has issued rights in the ratio of 71:100 at a premium of
 Rs 46/- per share.
 
 2009
 
 -Mr. K N Subramaniam has been appointed as the Non-executive
 Independent Director and Chairman of the company.
 
 2010
 
 -Mr. Dan Brugger has been appointed as the Chief Financial Officer of
 the Company.
 
 --Registered Office of the Company has been shifted rom A-26/3, Mohan
 Co-operatives Industrial Estate, New Delhi - 110044 to 7870-7877, G-I,
 Roshanara Plaza Building, Roshanara Road, Delhi - 110007.
 
 2012
 
 - M/s Walker, Chandiok & Co, Chartered Accountants, has been
 appointed as Statutory Auditors of the company.