YEAR                      EVENTS
 1956 - The Company was incorporated as a private limited company on
 6th
        February.  It was promoted by Mr. S. B. Jhaveri of the
 Nanavati
        group for setting up a solvent extraction plant at Jamnagar
        with a capacity to process 50 tonnes of de-oiled cakes per
 day.
        The Company manufacture refined solvent extracted groundnut
 oil.
 
      - The Company has been exporting groundnut de-oiled cakes.
        Domestically the Company sells its refined solvent extracted
        ground nut oil, under the brand name Diamond.  The Company
 has
        set up a factory at Vapi for manufacture of Nitro Chloro
 Anilines
        with an installed capacity of 100 tpa.
 
 1994 - 20,00,000 shares allotted for cash at par.  13,33,333 No. of
        equity shares were then issued at a premium of Rs 20 per
 shares
        during June 1994 as follows: (I) In firm allotment basis:
        (i) 1,33,333 shares to promoters, their friends etc. (ii)
 60,000
        shares to Canbank Mutual Fund. (II) On preferential Allotment
        basis: (i) 60,000 shares to Indian Mutual Fund (none were
 taken
        up) (ii) 32,200 shares to permanent employees (only 18,100
 shares
        taken up).  Balance 8,67,800 shares along with unsubscribed
        portion of 74,100 shares was added to public offer (all were
        taken up).
 
 1996 - The Company has undertaken an expansion programme at Vapi
        chemical division to increase the production capacity from
 360
        TPA to 540 TPA.  The Alfa-Laval refinery at Jamnagar was
        commissioned during the year.
 
 1997 - The Company's Solvent Extraction plant at Jamnagar was shut
 down
        for about 1 month on account of cyclonic effect.  The plant
        recommissioned production from 9th July 1998.
 
      - The Company undertook a modernisation cum expansion of
 capacity
        at its chemical plant.  The capacity was being increased by
        modifying the extraction chamber and increasing the
 capacities
        of condensers and toasters.
 
      - In addition, capacity refined oil was to be augmented by
 adding
        boiler of adequate capacity.
 
 2003
 
 -The Company has recommended dividend @5% i.e. Rs 0.50 per equity
 share of Rs10/-
 
 2007
 
 -The Company has designate the following e-mail ID for the purpose of
 investor grievance: 
 E-mail ID - iel@vsnl.com.