YEAR                       EVENTS
 1992 - The Company was incorporated on 1st January, at New Delhi.  It
 
        was promoted by Basu Dev Garg, Ram Lal Gupta & Sandeep Gupta.
 
        The main object of the company is Processing of Milk.
 
      - The Company undertook to set up a processing plant with a
        capacity to process 3 lakh litres p.d. at village Marana,
        District Kurukshetra, Haryana.
 
 1995 - The inadequate working capital by virtue of lean season, non
        availability of raw milk at reasonable prices, the overall
        working could have been still better.
 
      - 25,57,600 No. of equity shares of Rs. 10 each issued,
 subscribed
        and paid up (23,57,600 shares to promoters, and 1,00,000
 shares
        each to HSIDC & HAIC respectively.  27,22,400 No. of equity
        shares of Rs. 10 each were issued in April 1994 of which
 1,11,200
        shares each were reserved for allotment on a firm basis to
 HSIDC
        Ltd. and HAIC (Haryana Agro Industries Corporation Ltd.)
        respectively.  
 
      - Of the remaining the following were reserved for allotted on
 a
        preferential basis: 
 
      - (i) 5,00,000 shares to FIIs. (Only 2,50,000 shares taken up),
 
      - (ii) 5,00,000 shares to Indian Mutual Funds (only 3,50,000
 shares
        taken up), 
 
      - (iii) 10,000 shares to employees (only 16,000 shares taken
 up). 
 
      - Balance 14,90,000 shares along with unsubscribed part of
 4,08,400
        shares form preferential quota was issued to the public. 
 
      - Additional 24,600 shares were allotted to retain
        oversubscription.