YEAR                                             EVENTS
 1978 - The ABS Industries Limited (formerly  ABS   Plastics) was
 incorporated in
               the year,  and commenced production in 1978,  to
 manufacture Acrylonitrile 
               Butadiene Styrene (ABS).  It has been a pioneer in
 introducing ABS Resin
               as an Engineering Thermoplastic in India.  The Company
 is a leading 
               manufacturer of ABS Resin and sheets in India.
 
            - The Company has a technical collaboration with the
 world's largest  manufacturer
               of  ABS Resins;  Japan Synthetic Rubber Company
 Limited, Japan.
 
            - The  Company  has  launched  a  new product SAN (Styrene
 Acrylo Nitrile)  which
               is a plastic which gives a 95%  transparent finish.  
 It is superior to glass (88%) 
               and acrylic  (92%).   The product has major
 applications where transparency
               is required and also has immense market potential.  ABS
 Industries is the only 
              manufacturer of this product in India.
 
 1991 - The second phase of expansion of ABS Resins from 5,000 TPA to
 10,000 TPA
              was successfully commissioned during the year.
 
           - The modernisation of ABS Plant has also been successfully
 completed and the
             Plant is now ready for operation.
 
           - Unfortunately, due to prolonged lock-out at the factory
 of M/s.Kelvinator and also
             due to some technical snags, the Sheeting Plant would not
 be run. 
 
 1992 - The Company has issued 3,00,000/- 20% non convertible
 debenture of Rs.100/- 
              each to the financial institutions and mutual funds on
 private placement basis 
              which  is redeemable in the equal installment at the
 expiry of 6th, 7th and 8th year 
              from the date of issue i.e. 8th June,  with a 5%
 premium. 
 
            - The Company  name was changed from 'ABS PLASTICS
 LIMITED' to 'ABS 
                INDUSTRIES LIMITED'  with effect from 6th August.
 
 1993 - The company issued 36,65,800 Right Equity shares of Rs.10/-
 each and the issue was 
              over subscribed. 
 
           - The company has received Rs.3.95 crores on account of
 allotment money.  On receipt 
              of allotment money in full, paid up capital and share
 premium shall rise to Rs.1,00,49,000 
              and Rs.5,49,87,000 respectively.
 
           - San Project of the company was completed during the year
 and the production was 
             commenced in March.
 
 1995 - The SAN plant acheived nearly 100 % capacity utilisation and
 efforts are being made
               to increase capacity substantially.
 
            - The promoters who were alloted preferential warrants
 have subcribed to 10,00,000 
               No. of equity shares and have been alloted shares
 accordingly.
  
            - LIC has nominated Shri U C Saksena as a Nominee Director
 in place of Shri H F Choksey.
 
 1996 - 20% Non convertible debentures of Rs.100/- each have been
 issued to the Financial 
               Institutions and Mutual funds on private placement 
 basis.
 
           -  The Company has installed Wind Turbine Generators (WTG)
 at Lamba  and Dhank 
               in Gujarat. 
 
           - The FIPB has cleared Bayer Industries Ltd's (BIL)
 proposal to acquire a 31 per cent 
              stake in Baroda based ABS Industries Ltd. BIL is a 100
 per cent subsidiary of the
              German multinational Bayer AG.
 
           - ABS Industries will offer 4.2 lakh equity shares on a
 preferential basis to its promoters
             as part of the `share subscription agreement' with Bayer
 Industries.
 
 1997 - During the year M/s. Bayer Industries Ltd. (BID), a 100%
 subsidiary of Bayer AG Germany,
              acquired 50.97% Equity Shares, by way of preferential
 issue of shares and acquisition of
              existing shares through the open offer. 
 
           - The Directors regret to take note of the sad demise of
 Mr. J. J. Mehta, Our
              Ex-Chairman/Director whose long association almost from
 inception of the Company has
              left an indelible impression.
 
           - Mr. M. D. Rajpal and Mr. Vijay Ranchan, Directors have
 resigned from the Board effective
             24th February.
 
           - Mr Alan McGilvray, managing director, Bayer India Ltd,
 has taken over as the chairman
              of Bayer ABS Ltd,
 
           - Bayer Industries Ltd, the 100 per cent Indian subsidiary
 of German giant Bayer AG, is
              hiking its open offer price for the acquisition of
 shares in the Vadodara-based ABS
              Industries Ltd from Rs. 70 to Rs. 80 per share.
 
           - The company is increasing the capacity for ABS by 5000
 tpa.
 
 1998 - Mr. R. S. Agrawal has been reappointed as Managing Director
 with effect from 
              7th December.
 
            - During the year ICICI has replaced it's Nominee Director
 and has nominated Mr. 
              S. R. Chougule, as a Director, in place of Mr. S. A.
 Kerkar.
 
           - The company's installed capacity has increased to 16,000
 metric tonnes from 12,000 
              metric tonnes. 
 
 1999 - The increased capacity of Polybutadiene Rubber (PBR) increased
 overall capacity 
              of the company's products.
 
           - During the year, Dr. A F Hennecken was appointed as
 alternate director to Mr. Ludolf 
              Von Koenig. Mr. K B Mistry alternate to Mr. H J Krell
 has resigned. 
 
 2000 - The Company has obtained ISO 9001 Certificate for quality
 management system.
 
 2003
 
 -Mr Stephan Gerlich appointed as the Additional Director and Chairman
 of the company.
 
 -Increases the capacity of SAN resins to around 40,000 tpa
 
 -Mr. D C Shroff, is appointed as an alternate director to Dr. Axel
 Heitmann ii) Mr R S Agarwal,  reappointed as MD.
 
 - Bayer ABS Ltd delists equity shares of the company from Ahmedabad
 Stock Exchange from August 25, 2004 & Vadodara Stock Exchange from
 August 16, 2004
 
 - InterUnion Banco Comercial, Venezuela, select i-flex's FLEXCUBE
 product suite as the end-to-end technology solution to provide core
 processing and internet banking for their de novo private-Web Bank
 which service the specialized personal banking and wealth management
 market segment
 
 - Delists equity shares from the Stock Exchange, Ahmedabad w.e.f.
 August 25, 2004 and from the Vadodara Stock Exchange Ltd. w.e.f.
 August 16, 2004.
 
 2005
 
 -Company has changed its name from Bayer ABS Ltd. to Lanxess ABS Ltd.
                                                           
                                                              
 2008
 
 - Company name has been changed from Lanxess ABS Ltd to INEOS ABS
 (India) Ltd.
 
 
 2011
 
 - BASF and INEOS sign joint venture contract for Styrolution.
 
 
 2012
 
 - The Company's name has been changed from INEOS ABS (India) Limited
 to Styrolution ABS (India ) Limited.