The Company was originally incorporated as Shree Renuka Sugars 
 Limited vide certificate of incorporation no. 08-19046 dated October
 
 25, 1995 with Registrar of Companies, Karnataka at Bangalore and 
 received the certificate for commencement of business on January 
 5, 1996.
 
 HISTORY AND OTHER CORPORATE MATTERS
 
 OVERVIEW
 
 The Company was originally incorporated as Shree Renuka Sugars
 Limited
 vide certificate of incorporation no. 08-16046 dated October 25,
 1995
 with Registrar of Companies, Karnataka at Bangalore and received the
 certificate for commencement of business on January 5,1996.
 
 The key events in the business of our Company are as follows:
 
 Year   Milestone achieved
 
 1998   Acquisition of assets of Nizam Sugars Limited
 
        Our Company bought over the sick unit
        (sugar mill), from Nizam Sugars Limited with
        an existing capacity of 1,250 TCD and land
        admeasuring 135.552 acres situated at
        Sudhanagar Sugar Unit, Parigi Mandal, near
        Hindupur, Ananthapur District, Andhra
        Pradesh. At) the land, buildings, plant and
        machinery along with the employees were
        taken over by our Company.
 
 1999   Shifting of plant from Hindupur to Munoli,
        and enhancement of capacity
 
        Our Company subsequent to purchase of
        the mill from Nizam Sugars Limited,
        transferred all the plant and machinery along
        with the employees to the Munoli Unit at
        Belgaum and enhanced the capacity to
        2,500 TCD.
 
 1999   Commencement of commercial
        production
 
        We started our commercial production of
        sugar at the Munoli unit. We entered into a
        power purchase agreement with the
        Karnataka Electricity Board for sale of
        surplus electricity, being 7.55 MW for an
        initial period of 10 years from the date of
        commercial production and a renewal period
        of 20 years at the rate of Rs. 2.25 per kilowatt
        hour with escalation at the rate of 5% per
        annum.
 
 2000   Commencement of 11.2 MW cogeneratlon plant
 
        We commissioned a 11.2 MW cogeneration
        plant for producing electricity from the Bagasse
 
 2002   Commencement of 60 KL distillery at Munoli in Karnataka
 
        We installed a distillery with a capacity of
        60 KL at our Munoli unit for manufacture
        and production of Ethanol.
 
 2003   Increase in co-generation capacity to 20.5 MW and
        setting up 250 TPD sugar refinery at Munoli
 
        We increased our co-generation capacity of
        power from 11.2 MW to 20.5 MW by adding
        an additional turbine and boiler. We also
        installed a sugar refinery at our Munoli unit
        with a capacity of 250 TPD.
 
 2004   Expansion of refinery capacity to 1000 TPD
 
        Subsequent to the installation of the 250
        TPD sugar refinery and successful
        operation, we expanded the capacity to 1000 TPD
 
 2004   Lease for operation of Unit II at Ajara in Maharashtra
 
        Our Company vide a lease agreement with
        Ajara Shetkari Sahakari (a co-operative
        sugar factory) Sakhar Karkhana Limited
        dated October 29, 2004, leased the sugar
        factory at Ajara in Maharashtra with a
        capacity of 2,500 TCD for a period of two
        years until September 26, 2006.
 
 2004   Setting up subsidiary in Dubai
 
        We incorporated and registered Renuka
        Commodities DMCC as a Company in the
        Free Trade Zone in Dubai, United Arab
        Emirates to carry on the business of
        wholesale trading of sugar in the
        International market.
 
 2005   Lease for operation of Unit III at
        Mohannagar in Maharashtra
 
        Our Company vide a lease agreement with
        Mohanrao Shinde Sahakari (a co-operative
        sugar factory) Sakhar Karkhana Limited
        dated July 2005, leased the sugar factory at
        Mohannagar village of Taluka Miraj, District
        Sangli in Maharashtra with a capacity of
        2500 TCD for a period of six years for the
        entire crushing season of 2005-2006 to end of crushing
        season 2010-2011.
 
 2005   We have entered into a memorandum of understanding (MoU) with
        Haripriya Sugar Works Limited to acquire all assets
 (excluding
        receivables) of Haripriya Sugar Works Limited (Haripriya
 Sugar)
        including land admeasuring 162 acres and 29 guntas situated
 at
        village Burlatti (old Kokantur), Taluka Athani, District
        Belgaum, Karnataka for a sum of Rs. 40 million. For details,
        see Objects of the Issue on page 29 of this Red Herring
        Prospectus.
 
 Changes in Registered Office of the Company
 
 The table below shows the changes in the Registered Office of the
 Company since incorporation:
 
 Previous Address          New Address          
 
 1438/2 Kalmath Road,      BC 105, Havelock Road,
 Belgaum - 590 002.        Cantonment, Belgaum - 590 001.
 
 Reasons for Change in Office          Date of Change
 
 Shifting of operational office        February 23,
 due to expansion of facilities.       1996.
 
 Form 18 dated February 23, 1996 for the change in address of the
 Registered Office has been filed with the Registrar of Companies,
 Karnataka at Bangalore.
 
 
 2006
 
 -Shree Renuka Sugars Ltd has informed that there has been a change in
 Company's Board of Directors, consequent to the withdrawal of
 nomination of Institutional Nominee Director, Mr B S Parashivamurthy,
 by IDBI w.e.f. October 23, 2006.
 
 -Shree Renuka Sugars enters into MoU with Copersucar, Brazil
 
 -Shree Renuka joins hand for Munoli project
 
 2007
 
 -Shree Renuka Sugars Limited has appointment Mr Nitin Puranik as
 Whole Time Director of the Company w.e.f. 20th April, 2007.
 
 2008
 
 -Shree Renuka Sugars Ltd has signed a Memorandum of Understanding
 (MOU) with Hindustan Petroleum Corporation Ltd., (HPCL) for formation
 of a Joint Venture Company (JV) for the purposes of setting up of an
 Integrated Sugar and Ethanol Plant in the State of Maharashtra.
 
 - The Company has splits its face value from Rs10/- to Rs1/-.
 
 -Shree Renuka Sugars acquired 87pc stake in Gokak Sugars
 
 2009
 
 -Shree Renuka Sugars Ltd has informed BSE that the Company has
 acquired 5% equity stake in National Commodity & Derivatives Exchange
 Ltd (NCDEX) from Intercontinental Exchange Holdings and Goldman Sachs
 Investments (Mauritius) I Ltd. for a total consideration of Rs. 36.50
 crores.
 
 -Shri Renuka Sugars acquires Brazilian VDI.
 
 -The Company has acquired Brazilian sugar and ethanol maker VDI which
 will help the company to expand its operations in the sugar rich
 region of Latin America.
 
 2010
 
 -The Company creates one of the largest Sugar / Ethanol Groups in
 Brazil with Equipav Deal.
 
 -The company announced the acquisition of 51 % stake in Brazilian
 firm - Equipav S.A. Acucar e Alcool (Equipav) for Rs. 1,530 crore.
 
 -The Comapny has bagged orders to supply 118 million litres of
 ethanol to oil marketing companies in five states for a period of one
 year.
 
 -Shree Renuka Sugars has given the Bonus in the Ratio of 1:1
 
 2011
 
 -The Company announces Commissiong of Kandla Sugar Refinery.
 
 2012
 
 -Increased stake in Renuka do Brazil S/A to 59.4%.