The Company was originally incorporated on August 21, 1986 as a 
 private limited company and became a deemed public limited company 
 pursuant to Section 43A of the Companies Act, 1956, as amended, with
 effect from August 2, 1991. The Company was subsequently converted 
 into Gitanjali Gems Limited, a public limited company pursuant to a 
 certificate of change of name dated December 8, 1994.
 
 The following table consists of the summary of corporate information
 about 
 our Company
 
 Name of the Company               Gitanjali Gems LimitedDate of
 Incorporation                 August 21, 1986
 Registration No                          011-40689
 Registered Office                       801/802 Prasad Chambers,
 Opera House, 
                                                   Mumbai  400 004
 Corporate Office                         As above
 Corporate Status                        Public Limited Company.
 Subscribers to the 
 Memorandum and Articles 
 of Association                            Mr. Mehul C. Choksi
                                                   Mr. Pravin C.
 Mehta
                                                   Mrs Amita R.
 Bhansali
                                                   Mrs. Neena D.
 Sheth
 First Directors                             Mr. Mehul C. Choksi
                                                   Mr. Pravin C.
 Mehta
                                                   Mrs. Neena D.
 Sheth
                                                   Mrs. Amita R.
 Bhansali
 Authorised Capital
 Comprising of                             Rs. 750,000,000/-
 comprising of 70,000,000 
                                                   equity shares of
 face value Rs. 10/- each and 
                                                   500,000 redeemable
 preference shares of
                                                   face value Rs.
 100/- each. 
 Paid up Capital                          Rs. 419,984,950 comprising
 of 41,998,495 Equity 
                                                   Shares of Rs. 10/-
 each
 
 The following table illustrates some of the key events in our
 history:
 
 Date/Year                            Event
 
 August 21, 1986      Gitanjali Gems Private Limited was incorporated
 as a  private 
                                 limited company.
 
 August 2, 1991        The Company became a public company under
 Section 43A of 
                                 the Companies Act, 1956.
 
 December 8, 1994   The Company was converted into a Public Limited
 Company viz., 
                                  Gitanjali Gems Limited.
 
 1991                         The jewellery operations started at the
 Manufacturing unit SEEPZ, 
                                  Mumbai (Unit of Gemplus - since
 Merged)
 
 August 7, 1992         Mehul Impex Ltd. became subsidiary of the
 Company.
 
 1994                         India’s first branded jewellery GILI
 launched through Gili India
 
 1996                         The operations started at the
 Manufacturing unit Borivali, Mumbai
 
 2003                         The operations started at the
 Manufacturing unit Surat SEZ, Mumbai
 
 2003                         D’Damas - Joint Venture Company formed.
 (Joint Venture of Gemplus- 
                                  since Merged)
 
 2004                         Brightest Circle Jewellery Private
 Limited - a Joint venture Company 
                                  formed to promote brand Nakshtra
 
 2005                         The Government of Andhra Pradesh
 allocates 200 acres of land to 
                                  Gitanjali Gems Limited for
 development of Special Economic zone for 
                                  gems and jewellery in Hyderabad,
 Andhra Pradesh
 
 April 1, 2005              CRIA Jewellery Pvt. Ltd. became subsidiary
 of the Company.
 
 20th September 2005 Gitanjali Exports Corporation Ltd. became
 subsidiary of the Company.
 
 September 30, 2005  The High Court of Judicature at Bombay approves
 the merger of 
                                    Gemplus jewellery India Limited,
 Prism Jewellery Private Limited, 
                                    Giantti Jewels Private  Limited
 into Gitanjali Gems Limited
 
 October 04, 2005       Hyderabad Gems SEZ Ltd. became wholly owned
 subsidiary of the 
                                    company.
 
 October 05, 2005      Fantasy Diamond Cuts Pvt. Ltd. became
 subsidiary of the company.
 
 October 14, 2005      Issue of 99,88,495 shares as consideration
 other than cash for the 
                                  shareholders of the merged
 companies
 
 2006
 
 -Gitanjali Gems IPO to price at Rs 210-250 per share
 
 -Gitanjali Gems Ltd has informed that the company has entered into a
 Memorandum of Understanding (MoU) with M/s. Sanghavi Exports.
 
 - Gitanjali Gems on March 27, announced the signing of a new joint
 venture agreement with Sanghavi Exports under which it will become a
 50-50 partner in Spectrum Jewellery.
 
 -Gitanjali Gems enters into JV with Modern India
 
 -Gitanjali Gems enters into MOU with Sulieman Al Othaim, Saudi
 Arabia
 
 -Gitanjali Gems acquires Samuels Jewelers Inc, USA
 
 2007
 
 - Gitanjali Gems sets up IT company
 
 2010
 
 - Gitanjali Gems Ltd has informed that the Board of Directors of the
 Company at its meeting held on January 30, 2010, inter alia, has
 appointed Mr. Sunil Varma as Chief Financial Officer (CFO) of the
 Company with effect from December 01, 2009.