Jubilant Organosys

YEAR                       EVENTS
 1978 - The Company was incorporated on 21st June, in Uttar Pradesh. 
 The
        Company manufacture Vinyl Acetate Monomer (VAM).  The Company
        was promoted by A.B. Bofors (Swedish Multinational),
 Hindustan
        Wires Ltd., and Mr. M.L. Bhartia.
 
      - The Company entered into a technical collaboration agreement
 with
        Noble Chematur Division of A.B. Bofors, Sweden for the supply
 of
        know-how and basic engineering for the manufacture of vinyl
        acetate monomer.
 
 1981 - 1,200 No. of equity shares subscribed for by the signatories
 to
        the Memorandum of Association.  34,63,800 No. of equity and
        38,500 Pref. shares issued through a prospectus during
 Mar./Apr.
        1982, 19,250 Pref. shares each reserved and allotted to
 UPSIDC
        and PICUP.  6,08,370 No. of equity shares reserved and
 allotted
        to Indian private promoters and their associates, 6,55,430 No.
 of
        equity shares reserved and allotted to AB Brothers of Sweden
 and
        22,00,000 No. of equity shares offered at par for public
        subscription.  Pref. shares redeemable during 28.5.1993/96.
 
 1982 - 6,93,000 Rights Equity shares issued at par in prop. 1:5
 (only
        5,52,043 shares taken up).  The remaining 1,40,357 shares
        allotted on private placement basis (including 96,800 shares
 to
        non-residents).
 
 1983 - Another technical collaboration agreement was signed with
 Crown
        Decorative Products Ltd., U.K., and Reed International
 Company
        for the manufacture of high pressure emulsions i.e.,
 Polyvinyl
        Acetate Emulsions.  This project was commissioned in 1985-86.
 
      - During November, the Company promoted `India Glycols Ltd.' to
        take up the implementation of a project to manufacture Mono
        Ethylene Glyco (MEG) at Kashipur, U.P., in technical
        collaboration with Scientific Design Co. Int., U.S.A.
 Commercial
        production commenced on 1st January, 1990.
 
 1984 - A technical collaboration agreement was signed with
 Technimont
        Spa of Italy for the manufacture of polyvinyl alcohol with an
        installed capacity of 2,000 tonnes per annum.  The unit was
        commissioned in July 1991, with an installed capacity of 650
 MT
        per annum.  During 1991, the capacity was doubled to 1,400
 tonnes
        per annum.  The Company proposed to enhance the capacity of
        2,000 MT per annum by installing additional equipment.
 
 1985 - Vam Leasing Ltd., and Vam Investments Ltd., were incorporated
 as
        wholly owned subsidiaries of the Company.
 
 1986 - 10,06,180 No. of equity shares issued at par to financial
        institutions on conversion of loans.
 
 1987 - The Company decided to set up a plant to recover carbon
 dioxide
        in collaboration with Hydrogas Denmart a.s. of Denmark and
        manufacture to dry ice.  The plant was commissioned in 1989. 
 A
        biogas plant was also set up in collaboration with Biotim N.V.
 of
        Belgium as a part of energy conservation programme.
 
      - The Company also promoted `Insilco Ltd.' jointly with Degussa
 AG
        of West Germany for the manufacture of spray dried silica. 
 The
        project was expected to go on stream by the middle of 1991.
 
      - Applications were also submitted to Government for increasing
 the
        production capacity of vinyl acetate monomer from 10,000
 tonnes
        to 20,000 tonnes per annum.
 
      - In order to part finance the vinyl acetate monomer project,
        during January, the company privately placed with financial
        institutions, 15% non-convertible debentures worth Rs 1.00
        crores.  These debentures are redeemable at a premium of 5%
 in
        three equal annual instalments commencing on 27th April,
 1993.
 
      - The Company privately placed with financial institutions 14%
        non-convertible debentures worth Rs 1.50 crores.  These
        debentures are redeemable in full at a premium of 5% on 29th
        December, 1994.
 
 1989 - A synthetic wood adhesive Vamicol was launched in January and
        liquid and dry carbon-di-oxide (dryice) were launched in
 March.
        The company installed another new boiler of capacity 25
 tonnes
        steam/hour based on the fluidised bed technology to eliminate
 air
        pollution.
 
      - The Company privately placed with financial institutions 14%
        non-convertible debentures worth Rs 10 crores.  These
 debentures
        are redeemable in full at a premium of 5% on 25th June, 1996.
 
 1990 - The Company commissioned a plant with an installed capacity
 of
        500 tonnes per annum for the manufacture of pyridine and
        picoline.
 
      - The Company undertook to expand the production capacities of
        vinyl acetate monomer and its intermediaries i.e., acetic
        anhydride and acetic acid.  The expanded capacities were
        commissioned in October 1990.
 
      - The Company privately placed 14% redeemable non-convertible
        debentures of Rs 100 each aggregating Rs 5.00 crores.  These
        debentures are redeemable at a premium of 5% in three equal
        annual instalments commencing on 11th September, 1996.
 
      - During the year, another 5,00,000-14% redeemable
 non-convertible
        debentures of Rs 100 each were privately placed with a
 provision
        to redeem at a premium of 5% in three equal instalments
        commencing on 29th March, 1997.
 
 1992 - Ramganga Fertilizers Ltd. (RFL) was amalgamated with the
 company
        effective 1st April, as per BIFR Scheme.  As per the scheme
 of
        amalgamation 2,56,522 No. of equity shares of Rs 10 each were
        issued at par to the shareholders of erstwhile RFL in the
 ratio
        of one equity share of the company for every 10.35 No. of
 equity
        share of Rs 10 each fully paid-up of the erstwhile RFL.
 
 1995 - A technical collaboration agreement was signed with Kemira
        Coatings Ltd., U.K., to manufacture wood finishes a polymer
 based
        product.  Another agreement was also signed with M/s.
 Teutoburg,
        Germany to manufacture construction chemicals in its plant at
        Gajraula.
 
      - The company proposed to install an additional turbine
 generator
        with a capacity of 5.5 MW in view of high and frequently
        incidence of power failure and fluctuation.  The company also
        proposed to increase the installed capacity of Pyridine &
        Picolines by 4,000 tonnes per annum to meet the increasing
 demand
        for the products.
 
      - 2,56,522 No. of equity shares issued to the shareholders of
        erstwhile RFL on merger of the said company with company.
 
 1996 - The Company proposed to open offices in Singapore to cater to
 the
        need of S.E. Asia & China & European markets.  With a view to
        tackling the power failure and fluctuations, the company
 proposed
        to instal a turbine generator with a capacity of 5.5 MW.
 
      - The company made a capital expenditure of Rs 26.40 crores for
        taking up projects such as Pyridene & Picolines, wood
 furnisher,
        construction chemicals with the intention of saving valuable
        foreign Exchange.  It was also proposed to modernise its
        sulphuric acid plant.  With a view to saving energy the
 company
        proposed to instal biogas fired boiler.
 
 1997 - The Company faced a sharp decline in sales realisation of
 Acetic
        Acid and VAM, due to a combination of the South East Asian
        financial debacle and the large capacity build up of Acetic
 Acid
        and VAM in South Korean and Singapore.
 
      - The company has embarked on a substantial capital expenditure
        programme to enhance capacities of existing products and also
        manufacture new products.
 
      - Vam Organic Chemicals Ltd has registered a 8.97 per cent
 increase
        in net profit for the year ended March 31, 1997 at Rs.23.07
        crores as compared to Rs.21.17 crores in the previous year.
 
 1998 - Vam Organics Chemicals has introduced a specialist adhesive
        Vam Bond 2001.
 
      - The dry silica venture, jointly promoted by Vam Organics and
        Degussa AG of Germany with a 34 per cent stake each has not
        been doing too well.
 
      - The company's performance has been affected due to low
        international prices, steady increase in prices of major raw
        materials and sluggish growth in the overall market.
 
      - VAM Organic Chemicals Ltd (VOCL) proposes to merge group
        companies Anichem India Ltd (AIL) and Enpro Speciality
 Chemicals
        Ltd (ESCL) with itself.
 
      - A planned shut-down of the fertiliser plant was undertaken for
 72
        days in the quarter for revamping.  It also increased its
        installed capacity from 125 tonnes per day to 175 tonnes per
 day
        for sulphuric acid.  A captive power plant of 12.45 MW was
        commissioned in July this year.
 
      - VAM Organic Chemicals Ltd is exploring the possibility of
        entering into areas such as sugar, speciality chemicals and
        bulk drugs.
 
      - The non-convertible debenture programme of Vam Organic
        Chemicals Ltd has been downgraded by ICRA to LA- LAA-.
        Vam was the largest player in the alcohol-based organic
        chemical industry with the largest capacities in the country
        for most of its products including acetic acid, acetic
        anhydride, etc.
 
 1999 - VAM Organic Chemicals Ltd (VOCL) has proposed to consolidate
 and
        improve its existing position in the chemical industry in the
        current fiscal.
 
      - VOCL has also commissioned the units of Polychem Ltd,
        manufacturing alcohol-based chemicals in May.
 
      - The Company's 22,500 tonnes per annum formaldehyde plant has
        been commissioned, permitting it to export greater quantities
        of picolines and pyridines.  It has also installed new
 boilers
        and increased the capacities of existing plants.
 
 
 2003
 -Trading symbol of Jubilant Organosys Limited is  changed from
 'VAMORGANIC ' to 'JUBILANT' 
 
 -Jubliant Securites Pvt. Ltd. & Jubliant Capital Pvt. Ltd has
 acquired 4,38,068 (2.99% of total paid up capital) equity shares.
 
 -Mr. H K Khan (Retd. IAS) has been appointed as additional director
 with effect from November 05, 2003 on the Board.
 
 2004
 
 -Jubilant Organosys Limited has informed that the Board of Directors
 at their meeting held on January 9, 2004 have approved for voluntary
 delisting of equity shares of the Company from The Delhi Stock
 Exchange Association Limited, The Calcutta Stock Exchange Association
 Limited, Kolkata and the Uttar Pradesh Stock Exchange Association
 Limited subject to the approval of shareholders by special
 resolution.
 
 -Jubilant Organosys acquires generic pharma Companies in Europe
 
 -Jubilant Organosys signs international contracts worth US$ 60
 million in CRAMS for the year 2007
 
 2007
 
 -Jubilant Organosys Ltd has acquired 100% equity stake in
 Hollister-Stier Laboratories LLC, USA, engaged in high growth
 Injectable contract manufacturing and well established and stable
 Allergy Immunotherapy businesses.