YEAR                       EVENTS
 1985 - The Company was Incorporated on 23rd May and was promoted by 
        R.P. Jagatia, J.P. Goenka, M.P. Kankani.  The Company's
 objects
        is Manufacturing of tubes and tyres.  The Certificate for
        Commencement of Business was obtained on 28th May.
 
      - Effective 23rd May, name of Vishal Tyres Ltd. was changed to 
        Pavan Tyres Ltd.  Accordingly 2,45,000 No. of equity shares
 were
        issued.  
 
 1987 - Effective from 12th March, Pavan Tyres Ltd. Incorporated on
 3rd
        August, 1984 was amalgamated with the Company the name of
 Vishal
        Tyres Ltd. was changed to Pavan Tyres Ltd.  As per the scheme
 of 
        amalgamation, one equity share of Rs.10 each of Vishal Tyres
 was
        issued as against one equity share held by the erstwhile 
        shareholder of Pavan Tyres Ltd.  The amalgamation enabled
 Vishal
        Tyres Ltd. with ready infrastructure and organisation of a 
        manufacturing company.
 
 1991 - To achieve economies of scale, and cost savings, it was
 proposed 
        to amalgamate Govand Rubber Ltd. with the Company and the name
 of 
        the company was changed as Govind Rubber Ltd. effective 1st
 April
        As per the scheme of amalgamation, 15,00,000 No. of equity
 shares 
        were allotted to the erstwhile shareholder of Govind Rubber
 Ltd.
        in prop. 1:1.
 
 1992 - The Company undertook to manufacture new speciality tyres
 using 
        nylon cord and blending of various rubbers including EPDM in
        different colours.  The total installed capacity of the
 project
        120 lakh tyres and tubes was commenced in two phases, the
 first
        in April 1993 and the balance in October 1993.
 
      - The Company proposed to set up export based project at
 Bhiwadi
        for manufacture of wheel barrow tyres.  
 
      - 70 No. of equity shares subscribed for by signatories to the 
        Memorandum of Association.  7,49,930 No. of equity shares of 
        Rs.10 each were issued through a prospectus on August 1995 of
 
        which 2,99,930 shares were reserved and allotted to promoters,
 
        their friends etc.  17,45,000 No. of equity shares allotted on
 
        amalgamation.
 
      - Another 15,00,000 shares allotted on amalgamation of Govind
        Rubber with Pavan Tyres Ltd.  24,95,000 bonus equity shares
        issued in prop. 1:2.  During September, the Company issued
        24,95,000 right equity shares (prop. 1:1, prem. Rs.90).
 
      - Another 50,000 shares were issued to employees at a premium of
 
        Rs.90 per share and 74,750 to Business Associates at a prem.
 of 
        Rs.90 per on preferential allotment basis (of these
 preferential
        issue 1,06,650 shares were taken up).
 
 1995 - The production of two-three wheeler tyres was started at
 Bhiwadi.
        The Company also decided to expand the activity by
 manufacturing
        LCV, Tractor front and Jeep tyres.
 
      - The Company entered into an agreement with Union Rubber 
        Industries Ltd., Taiwan for technical know-how, plant
 selection,
        layout etc.  The agreement was valid upto 8 years.
 
      - The collaborators were to market 20% of the production from
 new
        factory to Europe and USA.
 
 1996 - 95,238 No. of equity shares allotted to Chni Fu Wei and Valk
 Wei,
        foreign collaborators.
 2003- Issue of equity shares to financial institutions and promoters
 in the terms of the CDR Package.
 
 2011
 -Registered Office of the Company has been shifted To 418, Creative
 Industrial Estate,72, N.M.Joshi Marg, Lower Parel, Mumbai- 400 011