YEAR                                                 EVENTS
 1991 - The Company was incorporated on 3rd January, with the main
        objects of Production and Telecast of TV. programmes.  It
        obtained the Certificate of Commencement of Business on 5th
        February, and to begin with, started with video production
        facilities.
 
 1993 - In October, the Company entered into a Memorandum of
        Understanding with two U.S. - based Companies of NRl's viz.
 Joint
        American Indian Network, Inc., an Illinois Corp., and
        Development Finance and Communications Ltd., a New York 
 Corp.,
        for the purpose of operating a 24 hour TV broadcasting
 business
        directed primarily at the Indian  market.  Subsequently, a
 Joint
        Venture Agreement was signed between Joint American Indian
        Network Inc. and the Company. 
 
 1994 - The Joint Venture commenced broadcasting from the uplinking
        facility located at Dubna near Moscow from 1st January, with
 the
        leasing of transponder No.10 on the stationary satellite
 located
        at 103 degrees East.
 
      - JAIN TV became the first network to provide 4 hours of
 spiritual
        programming covering all faiths like Hinduism, Islam,
        Christianity, Sikhism, Buddhism, Jainism and others.
 
      - The Company produced 120 episodes on the teachings of Holy
 Quran
        and for the first time in the country, started daily
 telecasts
        on the subject.
 
      - The company has procured the broadcasting rights, and
 telecasted
        82 programmes, on thoughts of OSHO, 13 episodes of Swami
        Chinmayanand and several other programmes on Christianity.
 
      - JAIN TV became the first private channel to give election
 news
        and analysis during the State Assembly Elections held in the
 year
        1994-95.
 
      - JAIN TV provided an opportunity and facility to all political
        parties to avail the time slots and put their political
        propaganda on TV.
 
      - A cartoon film made by the Company titled Wisdom of the Mouse
        was selected for screening at International Conference on
        Population & Development, which was organised by the United
        Nations at Cairo (EGYPT) from 5th to 13th September.  This
 film
        earned a Certificate of Recognition from John Hopkins
 University,
        Baltimore (U.S.A.).
 
      - JAIN TV also was responsible for giving a fillip to regional
        languages television airing entertainment programmes in
 Tamil,
        Telegu, Malyalam, Bengali and other Indian languages.
 
      - The Company earned a distinction in running a number of
        continuing medical education programmes to develop a niche
        medical channel.
 
 1995 - JAIN TV was the only channel where quotations of Bombay Stock
        Exchange on almost real time basis could be seen at the bottom
 of
        the screen on a ticker, reaching out to 56 countries in the
        Afro-Asian region.
 
      - JAIN TV made an arrangement with United States Information
        Service and regularly showed their programmes related to
        Developmental issues and on subjects like science and
 technology,
        environment etc.
 
 1996 - Public Issue of 21,79,300 No. of Equity Shares of Rs 10/-
 each
        for cash at a premium of Rs 80/- per share aggregating Rs
        19,61,37,000/- was issued on 28th June.
 
 1997 - The Company's new project to run a modern state-of-the-art
 studio
        and produce video software at UV-442, Udyog Vihar, Dundahera,
        Gurgaon, is in progress.
 
      - The company had entered into an agreement with Joint American
        Indian Network Inc., USA whereby the company had been granted
        right to use Satellite Transponder to air its programme.
 
      - The company had issued 20,00,000 equity shares of Rs. 10/-
 each
        for cash at par to Joint American Indian Network Inc.  The
        agreement expired on 17.12.96.
 
 1998 - The company had reimported 300 video programmes from Hong
 Kong
        earlier exported to Expotech Ltd., Hong Kong in the
 financial,
        year 1995-96 for a total value of Rs. 260.38 lacs.
 
      - During the year, the company had revalued its immovable
        properties situated at Udyog Vihar Gurgaon, Mumbai, Chennai
 and
        Bangalore at Rs.350 lacs, 82 lacs, 40 lacs and Rs. 50 lacs
        respectively, creating Revaluation Reserve of Rs. 397.79
 lacs.
 
 1999 - The Foreign Investment Promotion Board (FIPB) has cleared a
        proposal of Jain Studios Ltd (JSL) in disregard of the
        objection raised by the information and broadcasting ministry
        on the quantum of foreign equity.
 
      - Jain Studios, promoted by former BJP member of Parliament J K
        Jain, had sought permission for increasing business
 activities,
        including providing Internet-related services, setting up an
        earth station gateway at Noida and uplinking from there for
 the
        Jain TV channel.
 
      - JSL had stated that the company would get into the business
 of
        providing Internet services, electronic data interchange,
        electronic trading, robotics, creation and provision of
        value-added telecom.
 
      - The company has also set up of software technology parks,
 gateway
        earth stations, take up broadcasting and multicasting
 projects
        related to radio or TV, whether through satellite or
        terrestrially or otherwise, of voice, data as permitted by
        regulatory authorities in any part of the country to promote
        software and manpower exports.
 
 2000 - Jain Studios Ltd (JSL), the broad-casting company for Jain TV
 is making a foray into the information and technology sector with the
 focus on internet related projects.
            
 -Jain Studios has joined hands with Transaction Systems Architects to
 launch secure Internet payment gateway to carry out credit card
 transactions on the Internet.
 
 -Jain TV begins free Net facility.