YEAR                                                        EVENTS
 1955 - The Company was incorporated as a Private Limited Company on
 6th
              May, 1955.  It became a public limited company on 20th
 March,
              1981.  The Company was founded by M.A. Chidambaram and
 his son
              A.C. Muthiah.  The Company is engaged in shipping,
 stevedoring,
              ship chartering, ship repairing, marine engineering,
 marketing
              and clearing and forwarding business.
 
            - The Shipping division of the Company is known world over
 more
               popularly by its cable address GOODWILL and represents
 many
               liner owners belonging to leading maritime countries
 like Greece,
               U.K., Scandinavia, Japan, Italy, etc. having branches
 at all 
               ports both in East and West Coasts of India.
 
            - 18,115 No. of equity shares subscribed for by the
 signatories to
               Memorandum, Directors, etc.
 
 1972 - The Ship Repair Division was created during the year with its
              base at Chennai.  It carried out afloat repairs of all
 kinds to
              hull structure and machinery of both deck and engine of
              ocean-going vessels, conforming to the standards of
              Classification Societies.
 
 1983 - 1,81,115 bonus shares issued in prop. 1:1 on 6th December.  
              Equity shares sub-divided on 15th December.
 
 1984 - In February, an offer for sale was made of 2,00,000 No. of
 equity
             shares of Rs 10 each at a premium of Rs 15 per share to
 the
             Indian Public.  The main object of this issue was to get
 the
             equity shares of the Company listed on Stock Exchange.
 
 1985 - A new company under the name of Goodwill Tide Water (India),
 Ltd. 
             was incorporated on 4th November.  The Company's
 application for
             collaboration with Tidewater Inc., U.S.A. was not
 approved due to
             change in Govt. Policy.
 
 1987 - 3,62,300 bonus share issued in prop. 1:1.
 
 1988 - The Company took up diversification in the areas of
 fabrication
              and building of steel barges, electro hydraulic grabs,
 pay-loader
              buckets and survey launches.
 
 1989 - The Ship Repair Division undertook fabrication of floating
              platform storage tanks as sub-contractors for M/s.
 Chokkani
              International, Ltd.  The division received the official
              recognition as an authorised independent service
 facility from
              Woodward Governor Services, U.S.A.
 
           - During July-August, the Company offered 3,62,500-12.5%
 secured
             redeemable, partly convertible debentures of Rs 100 each
 on
             `Rights basis' in the proportion 1 debenture: 2 equity
 shares
             held.  Additional 31,764 debentures were allotted to
 retain
             oversubscription.
 
           - Simultaneously another 18,125-12.5% debentures were
 issued to
              employees under the Employees' Stock Option Scheme (only
 6,805
              debentures were taken up).  The unsubscribed portion of
 11,320
              debentures was allowed to lapse.
 
            - Rs 60 of the face value of each debenture was to be
 converted
              into 2 equity shares of Rs 10 each at a premium of Rs 20
 per
              share at the expiry of six months from the date of
 allotment of
              debentures.  Accordingly, 8,02,138 No. of equity shares
 were
              allotted at a premium of Rs 20 per share.
 
           - The remaining Rs 40 of the face value of each debenture
 was to be
              redeemed at par in 3 annual instalments of Rs 14, Rs 14
 and Rs 12
              on the completion of 6th, 7th and 8th year respectively
 from the
              date of allotment of debentures.
 
 1990 - The Boat building yard at Pondicherry was engaged in building
 one
              steel mooring launch, 2 Nos. water barges and 3 Nos.
              electro-hydraulic grabs.
 
 1991 - The Working of Stevedoring Division continued to be adversely
              affected by various factors like unhealthy competition,
 fall in
              tonnage, reduction in rate, escalation in cost of
 operation and
              heavy overhead expenses.
 
 1994 - During October-November 1993, 15,26,738 Rights shares issued
              (Prop. 1:1; Prem. Rs 40).  Another 76,337 No. of equity
 shares
              issued to employees at a premium of Rs 40 (only 33,580
 shares
              taken).  Subsequently, 14,00,000 shares at a premium of
 Rs 40 per
              shares allotted on preference basis to NRI companies
 viz.,
              Ranford Invest. Ltd. and Darrothy Investment Ltd.
 
 1995 - The High Court, Chennai sanctioned amalgamation of
 Jayanarayani
              Investments Pvt. Ltd., Goodwill Growth Fund Pvt. Ltd.,
 Surasena
              Investments Pvt. Ltd., Southern Technical Services Pvt.
 Ltd.,
              Dhenuka Investments Pvt. Ltd., Kanakangi Investments
 Ltd., South
              India Holdings Pvt. Ltd., Shreemathey Investment Ltd.
 and South
              India Automative Corporation Pvt. Ltd. consequent to
 the
             amalgamation 228260 shares held in amalgamated company by
 the
             amalgamating companies were cancelled.
 
          - 100,00,000 preference shares issued.  2,26,120 (228,260)
 shares
             held in amalgamated company by the amalgamating companies
 were
             cancelled.
 
 1996 - In order to develop the business of the Company in chartering
              offshore vessels, the Company negotiated with Tide Water
 India
              Inc., U.S.A. for forming a joint venture company for
 supply of
              technical know-how and management of supply vessels.
 
           - 42,18,458 bonus equity shares allotted.  27,42,623 No. of
 equity
             shares of Rs 10 each allotted to the shareholders of
 amalgamating
             Companies.
 
 1997 - The Stevedoring Department acts as stevedores for Russian
 Lines,
               Romanian Lines, Jugolinija, Nippon Yusen Kaisha at
 Chennai and
               other Ports and also for most of the Public and Joint
 Sector
               Units.  The Division also handles cargo at Chennai
 Port, Vizag,
               Mangalore and also enlarging its activities in other
 ports such
               as Goa, Cochin, Mumbai, Calcutta, etc.
 
             - The Goodwill Heavy Equipment Division was controlling
 and
                maintaining Heavy Cargo Handling equipment of the
 Company.
 
              - The Goodwill Travels & Cargo Division was a recognised
 IATA
                 Agents for Air Cargo and Air Travel, National and
 International
                Bookings.  The Company was in the Computer net work of
 the Indian
                Airlines for instant ticketing for domestic travels.
 
             - The marketing division was engaged in distribution of
 electrical
                PVC insulated housewiring cables, industrial cables,
 power
               cables, submersible cables, vinyl hoses, energy meters,
 rigid PVC
               pipes and fittings, galvanised and mild steel pipes for
 the
               purposes of water, gas, steam tabular trusses, iron and
 steel
               materials, chemicals and fertilisers, linoleum floor
 coverings, etc.
 
            - As per the orders received from the High Court of
 Judicature at
              Chennai dated 25th April, ACT India Ltd. and MAC
 Industrial
              Products Ltd. were amalgamated with the Company.
 
            - Effective 1st April, Trichy Everest Automobiles and
 Agencies Pvt.
              Ltd. one of the companies in the group was amalgamated
 with the
              Company.
 
            - 10,000,000-14% Pref. shares issued to HDFC.  98,60,910
 No. of
              equity shares of Rs 10 each issued on conversion of 1%
 pref.
              shares to the pref. shareholders.  Another 42,14,382 No.
 of
              equity shares issued to the shareholders of erstwhile
 ACT India
              Ltd. and MAC Industrial Products Ltd.
 
            - South India Corporation (Agencies) Ltd (Sical), is
 floating a
               joint venture with the Tamil Nadu Tourism Development
              Corporation (TTDC) for conducting water sports at
 Muttukadu,
               near Chennai.
 
 1998 - The Company had signed a joint venture agreement with PSA
 India
              Pte. Ltd., Singapore and Nur Investments and Trading
 Pte. Ltd.,
              in July for development, management and operation of
 the
             seventh berth at Tuticorin as a full fledged container
 terminal
             on BOT basis.
 
           - Shareholders of South India Corporation (Agencies) Ltd
 (Sical)
              have passed a resolution for the issue of equity shares
 to Mac
              Agro Industries' shareholders as proposed in the scheme
 of
             amalgamation of the two companies.
 
 1999 - With the merger of MAC Agro Industries Limited into SICAL,
 the
              Company has re-structured itself into 5 distinct
 business groups,
               viz.,
 
            - Auto Components Division, a technical assistance
 agreement was
              signed with United Technologies Automotive Inc., USA for
 the
              manufacture of engine cooling modules.
 
            - Auto Components Division, will go into commercial
 production by
              first week of November.
 
            - South India Corporation (Agencies) Ltd (Sical), has won
 a major
              long-term coal handling contract on BOT basis from Tamil
 Nadu 
              Electricity Board (TNEB) for the new port at Ennore.
 
 2000 - SICAL had formed a 50:50 joint venture with Coeclerici
 Logistics
              of Italy to form a company called SICAL Coeclerici
 Logistics Ltd.
 
            - The Chennai-based South India Corporation (Agencies)
 Ltd. will hive off its 
               sugar division and even look for a co-investor for
 participating in the equity 
               capital of the hived-off company.
 
            - The Company has hived off its profit making auto
 components division into a joint
               venture with Mitsuba Corporation of Japan as majority
 stakeholder.
 
 2002-The Board of Directors on September 16, 2002 accepted the
 resignation of Mr Tony Adam, Managing Director and he would be
 relieved from the services of the company, during the 3rd week of
 November 2002.
 
 2007
 
 - Sical Logistics Ltd has informed that the Company has won the
 Operations and
 Maintenance (O&M) bid for operating 17 Samudrika category vessels for
 ONGC for the fifth time. This is an important win for the Company as
 it comes in time with the announcement of the restructuring of the
 Company and reiterates the Company's dominance over the offshore
 logistics sector.
 
 - Sical Logistics Limited has appointed Mr. Sudhir Rangnekar as
 Managing Director and Group CEO of the Company effective 3rd August,
 2007. Mr. Karthik Menon, hitherto the Whole-time Director of the
 Company shall henceforth be the Promoter's Nominee Director.
 
 -Sical Logistics Ltd has informed that Sical Infra Assets Ltd, the
 100% subsidiary of the Company has successfully signed a shareholders
 agreement with Old Lane Mauritius IV Ltd, Mauritius for an investment
 of USD 26 million subject to necessary approvals from FIPB.
 
 2008
 -Sical Logistics Limited has appointed Mr. V. Radhakrishnan as
 Company Secretary and Compliance Officer.
 
 2009
 
 - Sical Logistics Limited has submitted a copy of the notice sent to
 the shareholders under Sec 302 of Companies Act, 1956 providing the
 details of appointment of Mr. L.R. Sridhar as the Managing Director
 of the Company.
 
 2010
 
 - Sical Logistics, a leading provider of multi-modal integrated
 solutions for the logistics of bulk and containerised cargo, has
 bagged a contract for Rs. 163 crore from Hindustan Copper for the
 multimodal port, train, and road logistics of copper concentrates,
 cathodes, and continuous cast copper wire rods. The contract has a
 term of two years and is extendable by one more year.