YEAR                       EVENTS
 1983 - The Company was Incorporated on 8th November, at Hyderabad.
 
      - The Company's object is to manufacture glazed and unglazed
        ceramic tiles for floors and walls.
 
      - The Company was promoted by G.N. Naidu, K. Seshagiri Rao, and
        P.G. Naidu.  The Andhra Pradesh Industrial Development 
        Corporation, Ltd. (APIDC), the Pondicherry Industrial
 Development
        & Investment Corporation, Ltd. (PIPDIC) and Welko Industrial
 SpA
        of Italy (Welko) also participated in the equity capital of
 the
        Company.
 
      - The Company entered into a foreign collaboration agreement
 with
        Welco Industriale SpA of Italy (Welko) for supply of
 know-how,
        engineering and also for the supply of plant and machinery.  
        Welko were to be paid US $ 3,90,000 for the technical know-how
 
        and US $ 5,040,100 as CIF value for supply of plant and 
        machinery.
 
 1985 - 5,40,000 No. of equity shares taken up as follows:
 
      - (i) 1,50,000 shares by APIDC.
 
      - (ii) 3,40,000 shares by directors and their associates and
 
      - (iii) 50,000 shares by PIPDIC.  34,80,000 shares then issued
 at 
        par of which 15,00,000 shares were reserved and allotted as 
        follows:
 
      - (i) 2,50,000 shares to promoters
 
      - (ii) 10,00,000 shares to WELKO,
 
      - (iii) 1,50,000 shares to APIDC and
 
      - (iv) 1,50,000 shares to APIDC and
    
      - (v) 1,00,000 shares to PIPDC.
 
      - Out of the balance of 18,60,000 shares, 8,39,200 shares
 reserved
        and allotted on a preferential basis as follows:
 
      - (i) 6,00,000 shares to NRIs;
 
      - (ii) 39,200 shares to friends and associates of promoters,
        directors etc. and
    
      - (iii) 2,00,000 shares to employees of the Company.  The
 remaining
        11,20,000 shares offered to the public in December (all were
        taken up).  30,000 shares pending allotment.
 
 1986 - The Company undertook to set up a project for the manufacture
 of 
        25,000 tonnes per annum of ceramic tiles for floors and walls
        as a 100% Export Oriented Unit (EOU).
 
      - In view of a downturn in the market, an application was made
 to
        Govt. for allowing the unit to opt out of 100% EOU scheme.
 
      - Subject to the following conditions the Govt. vide their
 order
        dated 1st January, 1987 permitted the Company to opt out of
 100%
        EOU Scheme:
 
      - (i) that 30% of the annual production must be exported for a
        period of 5 years;
 
      - (ii) to pay all duties upon plant, machinery and raw materials
 
        previously exempted; and
     
      - (iii) to pay a penalty at 10% on the value of capital goods 
        exported.
 
      - Balance 30,000 shares allotted.  112,300 shares then
 forfeited.
 
 1987 - Production was seriously affected till December due to severe
        power cut and interruption in the supply of LPG for about a 
        month.
 
 1989 - 13,40,000 Rights shares offered at par in prop. 1:3.  Only 
        13,22,619 shares taken up.  The balance 17,361 shares along
 with
        permitted retention of 2,01,000 shares allotted privately.
        Employees quota of 67,000 shares allowed to lapse.
 
 1990 - Operations were affected for 5 months due to insufficient
 supply
        of LPG.
 
      - 40,00,000 rights shares issued at par in prop. 18:25 in Sept.
        Additional 6,00,000 shares allotted to retain
 oversubscription. 
        Another 2,00,000 shares offered at par to employees
 (unsubscribed
        portion, if any, was allotted to Mutual Funds).  12,300
 forfeited
        shares reissued at par to dealers of the Company on 29th
        December.
 
 1992 - Exports in the previous year were severely affected due to 
        disintegration of USSR.
 
      - The Company undertook expansion of its capacity from 25,000
 TPA.
 
      - The Company had entered into an agreement with Gas Authority
 of
        India Ltd., for supply of Natural Gas for the major input in
 the
        tile manufacturing is LPG & LDO.  Govt. of India had 
        substantially increased the cost of LPG, hence the company
        approached GAIL for a continuous supply of gas.  As per the
        agreement the Company is to be supplied gas on a regular
 basis
        from 1st April 1994.
 
      - The Company is eligible to draw 35,000 standard cubic mtrs.
 per
        day of gas.  The Company proposed to instal a Genset to save
        substantially on the power cost.
 
      - Subject to necessary approvals being obtained, the company 
        proposed to make a Rights issue of equity shares or fully
        convertible debentures for an aggregate amount not exceeding
        Rs.650 lakhs at a prem. not exceeding Rs.10 per share on 
        allotment or on conversion.
 
 1993 - The Company undertook to enhance its capacity by adding
 another
        15,000 tonnes to the existing capacity.
 
 1994 - In October, 32,55,800 shares allotted on preferential basis
 to
        promoters.
 
 2002
 
 -Regency Ceramics recommended dividend @15%
 
 2004
 
 -Equity shares delisted from Hyderabad & Madras Stock Exchanges
 
 2007
 
 -Regency Ceramics has designated E-mail ID for Investor Complaints:
 satish@regencytiles.com