The company was incorporated on 13th August, 1979 and the cerificate
 of commencement of business was obtained on 10th September.  It was
 promoted by Jain Group.  The main objective of the company is to
 manufacture of staple and synthetic blended yarns in
 various counts and blends.
 
 1982 - 7,80,000 shares taken up by promoters etc. and 2,00,000
 shares
        allotted to Haryana Govt. through their agent HSIDC. 
 9,70,000
        shares offered at par for public subscription during January.
 
 1986 - 82,500 No. of equity shares issued at par in conversion of
        unsecured loan.
 
 1987 - The Company installed 14 more ring frames along with
 balancing
        equipments.  It was also proposed to install additional 4
 ring
        frames.
 
 1988 - The workers of the factory went on strike on 27th January,
 and
        resumed work on 10th February, after negotiations.
 
 1989 - Effective steps were taken to implement the scheme of
 expansion
        of spinning capacity by 960 spindles and installation of some
        equipments/machines by way of modernisation of the existing
        manufacturing facility.
 
      - The Company proposed to install 24 looms for the manufacture
 of
        Terry Towel for 100% export.
 
 1991 - During October, the Company issued 2,03,252 - 14% secured
        redeemable partly convertible debentures of Rs. 250 each on
        rights basis in the proportion of 10 debentures: 100 equity
        shares held.  Additional 30,488 debentures were allotted to
        retain over subscription.
 
      - Another 10,160 - 14% partly convertible debentures were
 offered
        to the employees of the Company on an equitable basis.  Only
 290
        debentures were taken.  The unsubscribed debentures were
 allowed
        to lapse.
 
      - Part A of Rs. 125 of each debenture will be converted into 5
        No. of equity shares of Rs. 10 each at a premium of Rs. 15
 per
        share on the expiry of 6 months from the date of allotment.
 
      - Part `B' of Rs. 125 of each debenture will be redeemable at
 par
        in 3 instalments at the end of 7th, 8th and 9th years
        respectively from the date of allotment of the debentures.
 
 1992 - Due to late delivery of machines the implementation of
 expansion
        scheme was delayed.  Machinery started arriving from July.
 
      - The Company has decided to expand the Capacity by further
 12,480
        spindles of polyester viscose knotless yarn.
 
      - During the Company has promoted a new project in the name of
        Pasupati Taoru Ltd. for implementing 100% Export Oriented
 Project
        for manufacture of Terry Towel.
 
 1993 - 11,70,150 shares allotted on conversion of 14% PCD's allotted
        in 1991.
 
 1994 - 23,53,856 shares allotted on conversion of 15% partly
 convertible
        debentures allotted in 1993. 15,00,000 No. of equity shares
 of
        Rs. 10 each allotted to promoters through excise of warrants
 of
        which Re. 1 called & Paid-up.
 
 1995 - During the year the Company became self sufficient in power
 by
        installing its own power generation capacity.  The Company
 has
        entered into contracts with foreign buyers for export of 30%
 of
        its sewing thread production.
 
      - The Company undertook expansion of its capacity for
 manufacture
        of synthetic blended yarn by adding 1920 spindles along with
        other balancing equipments.  Company is also expanding its
 100%
        cotton yarn EOU capacity from 12,096 spindles to 28,224
 spindles.
 
 1996 - During the Company has diversified into the manufacture of
 100%
        polyester sewing thread and installed a new unit a village
 Kheri,
        Dist. Sirmour, Himachal Pradesh with 13440 spindles.