YEAR                                                        EVENTS
 1992 - The Company was incorporated as a Public Limited Company on
 3rd November,
              in the State of Maharashtra.  It obtained the
 certificate of commencement of business
              on 16th November. 
 
            - IT has more specifically acquired irrevocable long term
 licences on lands, tied-up
              technology and buy-back agreements with world leaders in
 Horticulture and Fruit
              Processing and part implemented its projects.   It has
 also achieved commercial
              production of Strawberries, exported Grapes to U.K.,
 Germany, Dubai and Kuwait,
              and acquired a large scale high value teak and rosewood
 plantation project in
              District Raigad, Maharashtra State.
 
 1994 - The Company has acquired additional land necessary for the
 purpose of the expansion
              phase in respect of grape cultivation.
 
           - The Company has entered into a technical collaboration
 with M/s. Impianti Brevitti Servizi
              S.R.L. which is a part of the Enrico Giotto Group of
 Italy.
 
 1996 - The Company obtained permission to set up a wholly owned
 subsidiary at Jabel Ali free
               trade zone in Dubai.  The project is to set up a fruit
 processing plant and marketing the
               produce in the GCC countries.
 
            - The Company launched the products of its food processing
 unit under the brand name
               of 'Hollywood Delight'.
  
 1998 - During the year under review NAVDHARA FINANCE & INVESTMENTS
 PRIVATE LIMITED
               has ceased to be a wholly owned subsidiary of the
 company.
 
 1999 - The Company had entered into Joint Venture Agreement with
 M.M.T.C. Limited on 25th August
              1994 for the period of 5 years which has expired on 24th
 August 1999.  
 
 2000 - The ompany has appointed Big Share Services Pvt. Ltd. as its
 demat transfer agent.
              The Company has also entered into a tripartite agreement
 with NSDL.
 
 2001 - The Company has informed that its appal against the Board for
 Industrial and 
              Financial Reconstruction's order filed with the
 Appellate Authority for Industrial
              and Financial Reconstruction, has been dismissed.