YEAR                       EVENTS
 1979 - The company was incorporated on 15th November in Rajasthan &
 was
        promoted jointly by Rajasthan State Industrial Development &
        Investment Corporation Ltd. (RIICO) & three technocrats viz.
 V.K.
        Ladia, Satish Chandra Agarwal & S.R. Jain.  The Company is
        engaged in the manufacturing of Polyester, Acrylic & viscose
        yarns of various counts & blends.
 
 1981 - 4,06,900 shares taken up by promoters, directors, etc., and
        4,23,100 shares issued to RIICO.  8,00,000 shares offered at
 par
        to the public in November 1980.
 
 1982 - 70,000 shares issued at par to promoters, etc.
 
 1983 - The Company proposed to expand the installed capacity from
 13,680
        spindles to 18,960 spindles.
 
      - 55,000 shares is issued at par to promoters etc.
 
 1984 - One 1150 KVA SKL diesel generating set was being installed to
        take care of the captive power requirements of the second
 phase
        expansion.
 
 1985 - 8,77,300 No. of equity shares issued at par.  8,77,500 shares
 as
        rights in prop. 1:2, (all were taken up).
 
 1986 - The Company undertook a modernisation programme to update its
        plant and machinery.
 
 1987 - The overall working was affected due to competition from
        polyester/nylon filament yarn, high cost of Company's own
        generation of power accompanied by frequent power trippings,
 etc.
        New varieties of yarn were introduced during the year.
 
 1988 - Approval from Government was received for the manufacture of
 5000
        tonnes per annum of polypropylene multifilament yarn.
 
 1989 - Modern carding machines were installed & effective steps were
        taken to put up 2,000 tonnes multifilament polypropylene
 yarn.
 
      - As a part of its modernisation programme, the company
 undertook
        installation of latest carding machines during the year.  The
 
        company's high value fancy yarns and new varieties were well
        received in the market.
   
 1991 - New varieties of dyed fancy yarns developed during the year
 was
        well received in the market.
 
      - 1,290 spindle were added and a modern autoconning machine and
 two
        for one twisters were installed.
 
      - The Company had commissioned the polypropylene multifilament
 yarn
        project.
 
      - 26,42,250 rights equity shares issued (prem. Rs 15 per share,
        prop. 1:1).  3,93,802 additional shares allotted to retain
        oversubscription.  Another 1,24,100 shares (prem. Rs 15 per
        share) allotted to employees.
 
 1993 - 7,680 spindles were commissioned.
 
 1994 - 4,60,000 No. of equity shares of Rs 10 allotted to ICICI on
        account of conversion of privately placed PCDs of Rs 115 lakhs
 at
        a prem. of Rs 15 per share on 12.2.1994.  8,00,000 No. of
 equity
        shares of Rs 10 each (prem. 146) allotted to FIIs on private
        placement basis on 9.7.1994.  2,00,000 No. of equity shares
        arising on conversion of warrants allotted to company's
 employees
        welfare trust on private placement basis.  30,000 No. of
 equity
        shares of Rs 10 each (prem. Rs 61) allotted to SRSL
 Securities
        Ltd. on conversion of warrants on private placement basis.
 
 1998 - 5,00,000 Cu. Red. Pref. Shares of Rs. 100 each allotted to
 IDBI
        on private placement basis.