YEAR                       EVENTS
 1973 - The Company was incorporated on 21st July, at Mumbai.  The
        Company was promoted by Indo-Berolina Industries Pvt. Ltd.
 (IBI)
        Mumbai, Shri D.T. Javeri, Shri M.I. Shah and Shri A.T. Shah.
 
      - The main object of the Company is to manufacture
 nitrobenzene.
 
 1974 - 670 No. of equity shares allotted to the subscribers to the
        Memorandum of Association and directors.  1,29,330 No. of
 equity
        shares allotted to the directors, etc.  In March, 5,000 Pref.
 and
        1,95,000 No. of equity shares offered to the public.  Pref.
        shares redeemable during 16th May 1986/89.
 
 1978 - 81,250 Right Equity shares issued at par in prop. 1:4 during
        1975-76.  Arrears: Rs 13,250.
 
 1983 - Production suffered due to labour unrest and strike for nearly
 2
        months.  The working for the year resulted in a loss.
 
 1987 - 1,62,500 bonus equity shares issued in prop. 2:5.  Preference
        shares were redeemed on 30th June 1988.
 
 1988 - Turnover declined due to labour unrest for 4 months.
 
 1990 - Turnover declined due to Gulf crisis, recessionary trend in
        demand coupled with competitive market conditions and loss on
        account of a fire accident.
 
 1991 - The Company expanded its product range with the commencement
 of
        production of new items of dye intermediate.
 
      - The company proposed to set up a plant for the manufacture of
        Meta amino phenol with foreign collaboration.
 
 2002
 
 -The company issued bonus shares in the ratio 2:5
 
 2006
 
 -The company has recommended a dividend of Rs 2/- per equity share of
 Rs 10 each 
 
 2008
 
 -The company has issued rights in the ratio of 7:2 at a premium of Rs
 0/- Per Share.