YEAR                                                     EVENTS
 1986 - The Company was incorporated on 28th April, and obtained
        Certificate of Commencement of Business on 24th November. 
        It was promoted by Shri M. L. Lohia & Shri. A. P. Lohia.  The
        Company manufacture synthetic yarn.
 
      - The Company undertook to set up a spinning mill with a
 complement
        of 21,120 spindles to manufacture synthetic yarn.  Latest
        technology and machineries such as autoconers 238 fitted with
        electronic computer centres were imported from M/s. W.
        Schlafhorst & Co., West Germany.  Other plant and machineries
        were procured indigenously from Lakshmi Machine Works Ltd.,
 and
        Trumac Engg. Co. Ltd.
 
 1989 - Necessary approvals were received for enhancing the existing
        capacity to 41,184 spindles for synthetic blended yarn and
 120
        looms for making synthetic fabrics in the existing unit.
        Necessary steps were taken for procuring machines and other
        equipments for the said expansion programme which was
 implemented
        during 1991.
 
      - The Company proposed to further expand its capacity by 25,000
        spindles to manufacture cotton and synthetic blended yarn.
 
      - The Company proposed to set up a 100% Export Oriented Unit
 (EOU)
        with a capacity of 24,960 spindles at Pithampur Industrial
 Area,
        M.P.
 
      - The Company proposed to set up an industrial undertaking in
 M.P.,
        for manufacture of 2.5 million number of automobile tyres and
 2.5
        million numbers of automobile tubes.
 
      - 7 No. of equity shares subscribed for by the signatories to
 the
        Memorandum of Association.  89,39,993 No. of equity shares
 then
        issued at par of which the following shares were reserved and
        allotted: (i) 49,19,993 shares to promoters/directors
 (including
        NRIs on repatriation basis) and (ii) 4,20,000 shares to
 MPAVN.
        Of the balance 36,00,000 shares, the following were reserved
 for
        allotment: (i) 3,00,000 shares to UTI (Firm), (ii) 3,00,000
        shares to SBI Capital Markets Ltd. (Firm) and (iii) 4,47,000
        shares to the employees (including Indian working directors)
 of
        the Company (only 1,42,300 shares taken up).  The remaining
        25,53,000 shares, along with 3,04,700 shares not taken up by
        employees were offered to the public during June 1989 (all
 were
        taken up).  Additional 10,16,250 shares were allotted to
 retain
        oversubscription (5,40,000 to public and 4,76,250 to
 directors,
        their friends, etc.)
 
 1991 - The Company commissioned 17,280 spindles.
 
      - The Company embarked on a backward integration project at
 Nagpur
        to manufacture 63,000 tpa of Polyester Oriented Yarn (POY -
        38,000 tpa, Polyester Staple Fibre and Polyester Chips (PSF &
 PC
        - 25,000 tpa).  Also a spinning unit with 59,184 spindles was
        being set up alongside the plant.
 
      - The state-of-the-art plant will use technology from the world
        leaders Chemtex International Inc./Du Pont of USA for
        polymerisation and POY and Toyobo of Japan  for PSF.
 
      - During April, the Company offered 10,45,410-14% secured
        redeemable partly convertible debentures of Rs 200 each for
 cash
        at par as follows: (i) 9,95,630 debentures were offered on
 rights
        basis in the proportion 10:100 No. of equity shares held (all
        were taken up).  Additional, 1,49,345 debentures were
 allotted
        to retain oversubscription.  (ii) 49,780 debentures were
 offered
        to employees (including Indian working directors)/workers of
 the
        Company on an equitable basis (all were taken up). 
 Additional
        7,467 debentures were allotted to retain over-subscription.
 
      - Part A of Rs 50 of each debenture would be automatically
        converted into 5 No. of equity  shares of Rs 10 each at par
 at
        the end of six months from the date of allotment of
 debentures.
        Accordingly 60,11,105 No. of equity shares were allotted.
 
      - The company had converted 11,87,340 debentures (Part-B) of Rs
 50
        each into 23,74,680 No. of equity shares of Rs 10 each at a
        premium of Rs 15 per share after received positive consent. 
 The
        remaining 14,881 debentures were redeemed in the absence of
        receipt of positive consent.
 
      - The non-convertible portion - Part C - of Rs 100 of each
        debenture would be redeemed at par in three annual instalments
 at
        the end of 7th, 8th and 9th year from the date of allotment
 of
        the debentures.
 
 1992 - The company commissioned 8,160 spindles in Unit II at
 Pithampur.
        The Company proposed to further add 21,984 spindles at
 Pithampur
        unit of which 4,704 spindles were expected to be commissioned
 by
        September 1993 and balance 17,280 spindles by December 1995.
 
 1993 - During September/October, the Company offered 1,11,36,000
 Zero
        Interest Fully Convertible Debentures of Rs 240 each on right
        basis to the existing shareholders in the ratio of one FCD: 2
        equity shares held.  Out of which 1,14,982 FCDs were offered
 to
        the employees.  Only 2,775 debentures were taken up.
 
      - Part `A' of Rs 60 of debenture was converted into one equity
        share at a premium of Rs 50 per share after 6 months from the
        date of allotment.  Accordingly 11023,793 shares allotted. 
 Part
        `B' of Rs 180 was converted into 2.2 equity share of each
 FCD.
        Accordingly 242,52,344 No. of equity shares were allotted on
 31st
        January 1995.
 
 1994 - The Company commissioned 44,208 spindles and the balance
 14,976
        spindles were expected to be installed shortly.
 
      - In Draw Texturising Yarn plant 14 machines were commissioned
 and
        the balance two machines were to be installed by end of July
        1995.
 
      - The Company successfully implemented backward integration
 plant
        of 67,000 MTPA at Nagpur.  Also undertook further expansion
 of
        capacity from 67,000 MTPA to 2,35,000 MTPA which was being
        implemented as per schedule.
 
 1995 - In view of captive consumption of PTA of 2,00,000 tonnes per
        annum the company proposed to put up a PTA plant with an
        installed capacity of 3,50,000 tonnes per annum.
 
      - The Company issued 43,975,380 Global Depositary Receipts at a
        price of US $ 11.37 per GDR underlying same number of equity
        shares of Rs 10 each.
 
 1996 - The Company raised its polymer capacity from 69,300 tonnes to
        238000 tonnes per annum, to become the second largest producer
 of
        polyester products in the country.
 
      - The Company finalised a technology tie-up with MFTSUI
        Petrochemical Industries Ltd. of Japan for the PTA project.
 
      - The Company proposed to integrate forward with the setting up
 of
        a weaving and processing unit at an estimated investment of
 Rs
        200 crores.
 
      - 28,659,086 bonus shares allotted in the ratio 1:2, 43,975,380
        shares allotted against equal number of GDRs.
 
 1997 - The Company undertook to set up a PTA plant as a backward
        integration with a capacity of 3,50,000 tonnes per annum at
 an
        estimated cost of US $ 340 million.
 
      - The Company entered into a joint venture with Mitsui
 Chemicals
        Inc., Japan for technology transfer of PTA.  The company
 promoted
        a joint venture Co. in the name of Indo Rama Petrochemicals
 Ltd.
 
      - The company is the second largest producer of polyester in
 India
        and holds a marketshare of 20 per cent.
 
      - Indo Rama Synthetics has shut down one of its three poly
        condensation units at Butibori.  The unit had been shut for
        maintenance and operational purposes.  The company had
 adequate
        stocks and supplies were not affected.  Indo Rama had shut
 the
        line because of a stock pile up.
 
      - Indo-Rama Synthetics has signed a $ 175 million syndicate
 loan
        facility in Singapore, which will be used for refinancing
        existing loans as well as general corporate purposes.
 
      - Indo Rama Synthetics (I) Ltd (IRSIL) has won the Federation
 of
        Indian Export Organisation's `Niryat Shree' award for
 excellence
        in export performance.
 
      - Indo Rama Synthetics, the country's largest polyester
 producer,
        has won the Commerce Ministry's coveted National Export Award
 for
        its improved export performance for 1995-96.
 
      - The 3,50,000 tpa PTA plant will be a joint venture between
 Indo
        Rama and the Japanese companies Itochu Corporation and Mitsui
        Petrochemicals Corporation.
 
      - Indo Rama Synthetics, a key producer of polyester, has
 announced
        a tie up with global trading technology giants, Itochu
        Corporation and Mitsui Petrochemicals Corporation, both of
 Japan
        for setting up a Rs 1,200 crore PTA plant with a licensed
        capacity of 3.50 lakh tonnes annually.
 
      - Indo Rama Synthetics India Ltd (IRSIL) is tying up with
 Shikibo
        of Japan to set up a Rs.550 crore textile manufacturing unit
 in
        Dharwad, Rajasthan.
 
      - Labour problems have forced Indo Rama Synthetics to close its
        spun-yarn division at Butibori in Nagpur.
 
      - It has set up a Rs 555 crore plant at Butliboi near Nagpur
 for
        production of synthetics yarn, polyester staple fibre and
        partially oriented yarn.
 
      - The Union Commerce Minister, presented the Synthetic & Rayon
        Textiles Export Promotion Council award for the best overall
        export performance during 1996-97 to Indo Rama Synthetics Ltd
        (IRSL).
 
      - The company has proposed to open more marketing
        outlets/representative offices in interior Tamil Nadu,
        particularly in areas where clusters of textile spinning
 units
        are operating.
 
      - A memorandum of understanding (MoU) for a joint venture
 agreement
        was signed between Indo Rama and Itochu Corporation and
 Mitsui
        Petrochemicals for the first phase with a 3.5 lakh tonne per
        annum capacity. 
  
      - 25,793,177 rights shares of Rs.10 each (prem. Rs. 30 per
 share)
        issued in prop. 3:10.
 
 1998 - Indo Rama will sign a shareholders agreement for its PTA
 project
        which will be financed by equity worth Rs.420 crore, while
 the
        balance Rs.940 crore would be tied up by debt.
 
      - Indo Rama Synthetics, the second largest polyester producer,
 has
        announced plans to increase capacity of its Butibori plant
        through de-bottlenecking of the existing lines.
 
      - INDO RAMA Synthetics (India) Ltd is to set up a PTA and
 polyester
        unit near Mangalore.
 
      - Indo Rama Synthetics the O P Lohia controlled petrochemicals
        company-has proposed a restructuring plan, to implemented
 from
        January 1.
 
      - Indo Rama has also changed the method of accounting interest
 on
        delayed payments/amount due from customers for the current
 year
        from cash basis to accrual basis.
 
      - Indo Rama has entered into a long term agreement for supply
 of
        raw materials - PTA and MEG - anticipating a rise in their
        prices.
 
 1999 - INDO Rama Synthetics (I) Ltd has shut down two of its three
        polyester lines at its plant in Maharashtra, following
 violence
        among the workforce.
 
      - The company is one of the leading players with a 16 per cent
        market share in the polyester industry.  The plant in
 Maharashtra
        has a total capacity of around 2.50 lakh tonnes of polyester,
        including staple fibre and partially-oriented yarn.
 
      - The company has shut down its third polycondensation line as
 well
        over the past few days, thus rendering the entire plant
 closed.
 
      - The two lines of polyester were shut on July 30, following
        violence between two rival factions at the plant, company
        officials said.  Indo Rama has a 2,000-strong workforce.
 
      - The company is one of the leading players with a 16 per cent
        market share in the polyester industry.  The plant in
        Maharashtra has a total capacity of around 2.50 lakh tonnes
 of
        polyester, including staple fibre and partially-oriented
 yarn.
 
 2000 - The Company has allotted to IFCI 2.5 lacs equity shares of
 Rs.
              10/- each by way of conversion of Loan into equity
 pursuant to
              IFCI exercising its option for such conversion.
 
            - Indo Rama has appointed Mr B Anantharaman as President
 and Chief Financial
              Officer of the company.
 
 2001 - Indo Rama Synthetics (I) Ltd. has bagged the `Best Overall
 Export Performance' award
             of the Synthetic & Rayon Textiles Export Promotion
 Council for the year 1999-2000.
 
           - The Board of Indo Rama Synthetic Ltd. has allotted 1.027
 crore equity shares of Rs 10
             each at par, aggregating Rs 10.27 crore, to IFCI by way
 of conversion of loan into equity.
 
            - Indo Rama Synthetics has appointed Accenture, a leading
 management and consultancy firm for             implementation of
 customer relationship management (CRM) and information technology
 (IT).
 
 2002
 
 -Indo Rama Synthetics signs a contract with Zimmer AG of Germany for
 the installation of polyester staple fibre (PSF) and textile grade
 chips production unit with a 500 tonne per day continuous
 polycondensation facility with an estimated cost of the project
 around 490 crore.
 
 -Mr Shailendar Tandon is appointed as the Chief Financial Officer of
 Indo Rama Synthetic.
 
 -Indo Rama Synthetic signs a contract with Zimmer AG of Germany for
 the installation of
 Polyester staple fibre and textile grade chip production unit.
 
 -Indo Rama appoints Mr.Rajiv Agarwal as the President and Chief
 Executive Officer of 
 the Spinning Business.
 
 -Indo Rama increases its production capacity in several product
 categories.
 
 -Indo Rama gets SRTECP Special Award for Exemplary Export Performance
 for the
 second highest overall export performance in India.
 
 2003
 
 -Indo Rama enters into an agreement with Pegasus Global Limited of
 Thailand to set up
 StartPet Inc. 
 
 -Indo Rama appoints Mr.Udayan G Dravid as the senior Vice-president
 of the Marketing Segment.
 
 -IRSL gets Mr. Shantanu Banerjee as the new Vice-President, Corporate
 Human Resource
 of Indo Rama Synthetics.
 
 -Indo Rama Synthetics Ltd secures the National Safety Award for
 2002-2003.
 
 -Indo Rama signs tech pact with Zimmer AG for expansion
 
 2004
 
 -Indo Rama Synthetics signs Share Purchase Agreement with Indo Pet
 Thailand
 
 -Delist from Ahmedabad Stock Exchange with effect from October 15,
 2004.
 
 2005
 
 -Delist equity shares from Madhya Pradesh Stock Exchange (MPSE)
 w.e.f. February 15, 2005.
 
 - Delist equity shares from the Calcutta Stock Exchange Association
 Ltd (CSE) w.e.f. April 25, 2005.
 
 
 2009
 
 - Indo Rama Synthetics India Ltd has appointed Dr. Arvind Pandalal as
 an Additional Director on the Board of Directors of the Company with
 effect from July 20, 2009.
 
 2010
 
 -The Company has appointed Mr. Jayant Sood as Asst. Vice President &
 Company Secretary who will be acting as Compliance Officer of the
 Company.
 
 2011
 
 -Indo Rama Synthetics has recommended a final dividend of Re. 1 per
 share (10%) on equity shares.
 
 2012
 
 -Indo Rama Synthetics (India) signs MoU with Indorama Ventures to
 build PTA-PET-PSF Plant in India with an investment of US 0
 million Single largest Thai investment in India 
 
 -The Company has appointed Mr. Ashok J Gupta as Executive Director
 and CEO of the Company.