Orbit Corporation

Our Company was incorporated on March 7, 2000 under the Companies Act
 as 
 ORBIT CYBERTECH LIMITED. We had obtained the Certificate of 
 Commencement of Business on October 12, 2000. Our name was changed to
 
 ORBIT CORPORATION LIMITED pursuant to which a Fresh Certificate of
 Incorporation was issued on April 10, 2006.
 
 Our registered office is situated at The View, 165, Dr. Annie Besant
 Road, Worli, 
 Mumbai- 400 018.
 
 Acquisition of Subsidiaries
 
 We acquired 10,120 equity shares of Rs. 10 each of Orbit
 Constructions & Realtors 
 Private Limited OCRPL at par on April 1, 2004 from Mr. Ravi Kiran
 Aggarwal and 
 Mr. Pujit Aggarwal and others. The consideration of Rs. 101,200/- was
 paid by us to 
 the sellers in cash. The shares are held in our name and in our
 nominees' name. 
 Subsequent to the above acquisition, we acquired further equity
 shares by way of an
 allotment of 19,489,880 equity shares of Rs 10 each at par in cash.
 
 For details in relation to OCRPL, please see sub-section titled Our
 Subsidiaries of 
 this section. We acquired 10,000 equity shares of Rs. 10 each of
 Orbit Buildcon & Realty 
 Private Limited OBRPL at par on December 17, 2004 from Mr. Ravi Kiran
 Aggarwal 
 and Mr. Pujit Aggarwal and others. The consideration of Rs. 100,000/-
 was paid by us to 
 the sellers in cash. The shares are held in our name and in our
 nominees' name. Subsequent 
 to the above acquisition, we acquired further equity shares by way of
 an allotment of 
 8,990,000 equity shares of Rs 10 each at par in cash.
 
 For details in relation to OBRPL, please see sub-section titled Our
 Subsidiaries of 
 this section. A chronology of some key events since the Company was
 incorporated is 
 set forth below: 
 
 Year                       Event
 
 Mar, 2000             Our Company was incorporated as a public
 limited Company.
 April, 2002           We acquired the Land for Development of our
 Shivam Project
 May, 2002            We got the Sanction of Term Loan of Rs. 45 mn
 from Canara Bank, Colaba 
                               Branch
 April, 2004           We got the ISO 9001:2000 certification for
 Quality Management System from 
                               KPMG
 April, 2004           We acquired 100% sh areholding in OCRPL
 December, 2004    We acquired 100% shareholding in OBRPL
 February, 2005      Our project Shivam was completed
 April, 2006            Our Name was changed to Orbit Corporation Ltd
 May and 
 June, 2006           We acquired three properties at Worli seaface,
 Altamount Road and Bandra Kurla
                              Complex
 
 2007
 
 -Orbit Corporation Limited has appointed Ms. Bhavini Modi, Company
 Secretary as Compliance Officer of the Company in place of Mr. Vikram
 Phatarpekar.