YEAR                       EVENTS
 1972 - The company was incorporated on 14th September, as a private
        limited company in the name of Shree Krishna Paper Products
 Pvt.
        Limited and was converted into a public limited company on
 2nd
        July 1986.  The name was changed to Shree Krishna Paper Mills
 &
        Industries Ltd. effective 22nd October 1986.  The company's
        object is to manufacture coated, fax papers and others.
 
      - It was promoted by Bishwanath Pasari, Bihay Kumar Pasari and
 N.K.
        Pasari.  The company's products viz. single/double side
 coatings
        special purpose coatings are marketed under the brand name
        `Silver Cote` and `Sensocote` and super sensocote.
 
 1974 - The company took over a paper unit located at Bahadurgarh
 from
        M/s. Bansal Paper Mills and thereafter undertook a major
        modernisation programme.  To increase speed and efficiency,
 the
        company undertook an in-house.  R&D for modification and 
        upgradation of existing machines to increase speed, capacity
        and efficiency.  The capacity over the years was increased to
        12000 TPA.  The company acquired the complete manufacturing
        facilities, including land, factory etc. from M/s. Bhargava
        Papers (P) Ltd., Dadri, Ghaziabad, UP from UPFC and PICUP. 
 This
        was profitably disposed of to concentrate and undertake
        diversifications of the Bahadurgarh units.
 
 1996 - Turnover declined to Rs.31.12 crores due to unprecedented
 fall
        in the price of coated paper causing pressure on the margins
 due
        to abundance of imported coated paper.  The company was 
        successful in reducing the cost of production by adopting
 latest    
        technology in coating industry and also reducing production
 loss
        and thus increasing efficiency.
 
      - The company undertook to set up a new plant to manufacture 
        thermal sensitive paper (Fax paper) with an installed
 capacity
        of 2000 tpa.  Land admeasuring 2800 sq. mtrs. was acquired 
        adjoining the existing land at Bahadurgarh.
 
      - The company entered into an exclusive technology transfer 
        licencing agreement with M/s. Hensol Paper Co. Ltd., South
 Korea,
        for manufacture of thermal sensitive fax paper for use in G-3
 
        facsimile and for sale in India, Pakistan, Bangladesh etc. 
 The
        collaborators were to provide technical assistance know-how
 etc.
        They were to be paid a fee of US 0,000 and a running
 royalty
        of 4% on the net sales for 10 years after start of commercial
        production further a cess @ 5% on the remittances was payable
 to
        RBI.
 
      - 45,16,680 No. of equity shares of Rs.10 each allotted to 
        promoters.  23,35,000 No. of equity shares of Rs.10 each were
 
        issued at a prem. of Rs.15 per share through a prospectus in
 July
        1995 of which 5,85,000 No. of equity shares were reserved and
        allotted to promoters, directors, their friends and
 relatives.
 
      - Of the remaining 37,000 shares were reserved for allotment on
 a
        preferential basis to employees of Shree Krishna Paper Mills
 &
        Industries Ltd.  Balance 17,13,000 shares issued to the
 public.
 
 2004
 
 -Restructure of Authorised Share Capital from existing Rs 200 million
 comprising of 20 million equity shares of Rs 10/- each be and is
 hereby restructured so as to consist of 150 million equity shares of
 Rs 10/- and 0.50 million preference share of Rs 100/- aggregating to
 Rs 50 million.