YEAR                                               EVENTS
 1994 - Goldstone Engineering Ltd. was originally incorporated as a
              private limited company on 18th March, and was converted
 into a
              Public Limited Company on 27th August.  The Company was
 promoted
              by Gujarat Telephone Cables Limited and Goldstone
 Exports Pvt.
              Ltd., the companies which are active in Telecom
 Industry.  The
             Company has been engaged in assembling of jointing kits
 from
             middle of October, and is an approved supplier of
 jointing kits
             to DOT and MTNL.
 
           - The Company has entered into an agreement with M/s.
 Murthy &
              Manyam, Architects & Engineers., 5-9-19/10, Opp:
 Secretariat,
              Hyderabad for providing the drawings, estimates of Civil
 Works
              and Supervising the civil works in progress on regular
 basis.
 
 1995 - GEL has entered into a firm agreement with Future Electronics
 Co.
              Ltd. Japan on 24th March.
 
            - The public issue of the Company of 42,40,000 Equity
 shares of Rs.
               10/- each for cash including offer of 9,00,000 shares
 at premium
              of Rs. 5.00 per share to NRIs and a public offer of
 33,40,000
              equity shares during November.
 
 1996 - The manufacturing activity of the company will commence with
              effect from January.
 
            - Now the Company has finalised technical collaboration
 with M/S
              PSF S.R.L., Italy and Fujikura Ltd., Japan for setting
 up of a
              unit for the manufacture of TWF Heat Shrink Sleeves with
 a
              licensed capacity of 3,50,000 nos. per annum.
 
 1997 - GEL recently entered into a strategic alliance with another
              company in a similar line of activity for increasing its
 market
              share, product range and economies of scale.
 
 1998 - GEL's proposal to diversify into software by setting up a
              100 per cent EOU.
 
           - The company proposes to set up a Rs 7-crore 100 per cent
              export-oriented software development centre at
 Secunderabad.
 
           - The company's name has been changed to Goldstone Softech
 Ltd,
             and a proposal has been mooted to amalgamate it with
 Goldstone
             Engineering.  After the amalgamation, a separate division
 will be
             set up for software development and training.
 
          - Goldstone Engineering is in the process of setting up a
 training
             and monitoring centre for Forte Software Inc to train
 software
             engineers and deploy them abroad for undertaking onsite 
             consulting assignments. 
 
 1999 - The company is already setting up a dedicated software
             development centre for Forte Inc, a global leader in
 developing
             software applications and tools for distributed
 computing.
 
           - Goldstone's telecom division has set up the largest
 manufacturing
             facility as per international standards in technical 
             collaboration with Pirelli Spa of Italy and Fujikura Ltd,
 Japan.
 
           - The company announced its decision to change its name
 from
              Goldstone Engineering to Goldstone Technologies.
 
           - The company has also set up a development centre focused
 on
              building adapters on Forte as well as an authorised
 training
              centre.
 
            - The company has already introduced optional
 dematerialisation
              of equity shares and being eligible getting the shares
 listed
              on the NSE.
 
 2000 - The company plans to use the `proprietary technology' and
              `process' of developing bilingual software into segments
 other
              than banking.
 
          -  The Company have appointed international
 pricewaterhouseCoopers
              (PwC) to undertake a corporate restructuring exercise.
 
          - The Company is hiving off Telecom division into separate
 company and
             setting up of wholly-owned subsidiaries/joint ventures in
 Australia, UK and
             Japan.
 
            - The increase in share capital is on account of allotment
 of 11,00,000 shares
               at Rs. 120/- per share to NRI Promoters of Primesoft
 LLC and Primesoft
               Services Inc, two US based companies, on merger.
 
            - The Company will issue One Equity Share of face value Rs
 4/- fully paid up, free
              of cost, for every share held in GTL - subject to the
 approval of shareholders and
              the relevant statutory approvals.
 
            - Goldstone Technologies Limited (GTL) has entered into a
 strategic alliance with GoSMS,
               an Israel-based Short Messaging Services (SMS)
 technology provider, to provide services
               to the mobile customers through cellular operators by
 launching GoldSMS.
 
            - Goldstone Technologies Limited engaged in EAI,
 e-business and business intelligence,
              has entered into the business of `mobile value added
 services' to provide independent
              short messaging services to mobile customers through
 cellular operators.
 
           - Goldstone Technologies Ltd. a Hyderabad-based software
 and telecom company,
              proposes to mobilise resources for funding its future
 expansion activities.
 
 2001 - The Company, the Hyderabad-based software solutions company,
 has adopted the
              derisking model for its global software operations aimed
 at significantly reducing the
              risk of depending on the US market, which has been
 witnessing a slowdown of late.
 
           - Goldstone Teleservices Ltd. has allotted one equity share
 of Rs 4 face value each Free
              of Cost to all the shareholders of GTL.
 
 2003-
 -Bagged an outsourcing deal for providing offshore based Technical
 support services to a leading France based Software Product vendor.
 
 -Goldstone Technologies is awarded a multi year contract from a US
 Healthcare Company
 
 -Forays into polymer insulators market
 
 -Chalks out a Rs 15 crore outlay for expanding its polymer insulator
 plant at Cherlapally and entering into the extra high voltage
 insulator manufacturing
 
 -Goldstone Technologies bags an outsourcing deal for providing
 offshore based projects
 
 2004
 
 -Goldstone Technologies Limited has announced that KVS Chalapathi Rao
 has been appointed as additional director and the chief operating
 officer of the company.
 
 -Goldstone Technologies Ltd, the Hyderabad-based IT and business
 process outsourcing (BPO) services provider, has announced
 multi-lingual support capability at its offshore technical support
 centres to serve its global clients
 
 2006
 
 -Goldstone Technologies Ltd has informed that the Company has entered
 into a Franchisee Agreement with Bharat Sachar Nigam Ltd on December
 13, 2006.
 
 2007
 
 -Goldstone Technologies Ltd has informed that the Company has signed
 an agreement with Asia Today Ltd, Mauritius, a subsidiary of Zee
 Telefilm Ltd, to market, sell and distribute Zee channels to
 subscribers in eight countries in the Asia Pacific region on its
 internet Protocol Television (IPTV) service.
 
 -Goldstone Technologies Ltd has announced that the Company is glad to
 partner with Shemaroo Entertainment and has entered into a five year
 arrangement with Shemaroo, for sourcing the latter's huge video
 content library for India and International markets.
 
 2009
 
 - Goldstone Technologies Ltd has informed that the Board of Directors
 have co-opted Mr. Vedula Venkata Ramana as Additional Director in the
 category of Independent Director on the Board of the Company with
 immediate effect.