YEAR                                                    EVENTS
 1981 - The company was incorporated on 18th June, at Hyderabad.  The
              main objective of the company is to manufacture asbestos
 cement
              sheets, pressure pipes and accessories.
 
            - It was promoted jointly by Andhra Pradesh Industrial
 Development
              Corporation (APIDC), Dr. G. Vivekanad, G. Vinod and
 Mrs.
              G. Kalavathi. APIDC Subscribed upto 26% of the equity
 capital
              (4,00,400 No. of equity shares of Rs. 10 each). 
 
 1985 - The Company achieved 102.5% capacity utilisation during
 October.
 
            - 4,00,400 subscribed for by promoters APIDC and 3,85,000
 shares
              were taken up by co-promoters, directors, etc. 7,54,600
 shares
              offerd at par for public subscription during December
 1984.
 
 1986 - The Company installed automatic stripping machines and
 pollution
              control equipment.  Additional area was acquired for
 maturing of
              sheets.
 
 1987 - 3,900 forfeited shares were reissued.
 
 1988 - The name of the company was changed from Visaka Asbestos
 Cement
              Products Ltd. to Visaka Industries Ltd'.
 
 1989 - APIDC divested its entire holding to private promoters. 
              Consequently the company ceased to be a joint venture.
 
            - Production declined to 25,762 tonnes due to strike by
 workers for
              nearly five and half months.
 
           - The Company undertook a project to set up facilities for
 the
              manufacture of synthetic blended yarn at Chiruva in
 Nagpur
              district of Maharashtra with the latest
 state-of-art-technology    
              namely Air Jet Spinning with a capacity of 600 twin air
 jet
              positions.
 
            - The Company entered into an agreement with M/s.
 Marubeni
              Corporation of Japan to buy back 25% of the production
 for
              export.
 
 1991 - During April/May, the Company issued 2,23,000-14% secured
 fully
              convertible debentures of Rs. 300 each of which
 1,54,000
              debentures were offered on rights basis to the then
 existing
              shareholders in the ratio of one debenture for every ten
 equity
              shares held.  
 
            - Out of the balance 69,000 debentures.  11,150 debentures
 were
               reserved for preferential allotment to a
 employees/workers of the
              Company (only 2,940 debentures taken up).  The remaining
 57,850
              debentures along with 8,210 debentures not taken by
 employees 
              were offered to the public.  All were taken up. 
 Additional
              33,450 debentures were allotted to retain
 oversubscription.
 
            - As per the terms of conversion, Part `A' of Rs. 200 and
 Part `B'
              of Rs. 100 will be converted respectively into 10 equity
 shares
              at the end of 6 months and 12 months from the date of
 allotment
              of debentures.
 
            - Accordingly, 25,64,500 No. of equity shares were
 allotted on 24th
               December, and 12,82,250 No. of equity shares were
 allotted in May
               1992.
 
 1992 - Similar situation was witnessed in sales also with sales of
 yarn
              improving substantially.  However, sales realisation in
 the
              asbestos division registered improvement due to the
 Company
              switching over to raw materials that enabled a 100%
 exemption on
               the excise-duty.
 
            - The Company proposed to add two more MTS machines to
 meet the
               demand for yarn.
 
             - In October, the Company offered 28,28,375 No. of equity
 shares of
               Rs. 10 each at a premium of Rs. 25 per share of which
 26,93,375
               shares were offered on rights basis to the existing
 shareholders
               in the ratio of one equity share for every two equity
 shares
               held.  (Only 24,71,083 shares were taken up and the
 remaining
               2,22,292 shares remmained unissued).  The remaining
 1,35,000
               shares were reserved for preferential allotment to the
 employees. 
               None were taken up.  They were allowed to lapse.
 
            - 12,82,250 No. of equity shares allotted (prem. Rs. 10
 per share)
               in conversion of part `B' of debs. in May.  26,93,375
 rights
               equity shares issued (prem. Rs. 25 per share; prop.
 1:2) in Oct.
               (only 24,71,083 shares taken up).
 
 1993 - Due to  disturbances and  riots in various parts of the
 country, the market for the 
              company's product got adversely affected and not only
 was there a drop in the sale
               quantum from December '92 but the sales realisation was
 also much lesser than earlier.
 
 1994 - In January the Company had added 2 more MTS machines to its
 existing capacity
              in the Spinning Division.
 
 1995 - The company had come out with a Rights Issue in the month of
 November, and the
              shares were allotted against the Rights Issue on
 12.01.1996 as a result, the share capital
              of the Company has gone up from Rs.785.78 lakhs to
 Rs.1075.37 lakhs.
 
 1996 - During the year, the company have concluded a three year
 agreement with the
              workers in the Spinning Division which is valid upto
 31.10.1999.
 
 1999 - The company has implemented a VRS scheme at the factory which
 was availed by
               about 57 workers.
 
             - Mr. K.V. Ramaseshan retired as Managing Director on
 31-03-1999 upon attaining
               superannuation.
 
 2000 -  The Company proposes to make a foray into the business of
 software
               development, software consultancy, software maintenance
 and other
               related activities.
 
             - Mr. H. Dayakiran has been appointed as alternate
 Director to Dr. S. Sudesh Reddy, to
               hold office for a period not longer than that
 permissible to the Original Director in whose
               place he has been appointed.
 
 2003
 
 -Visaka Industries Ltd. has informed the Exchange that Mr. V Pattabhi
 was appointed as Additional Director of the Company in the Board
 Meeting held on June 18, 2003.
 
 -G Vivekanand, Managing Director of the company, acquires 1,80,312
 equity shares (1.69%) of Visaka Industries Ltd from IFCI Ltd at the
 rate of Rs.41/- per share under creeping acquisition.
 
 -Visaka Ind sets up plant in Bengal
 
 2004
 
 -Visaka Industries Ltd has informed that the BoD of the Company in
 its meeting held on January 16, 2004 approved proposal for expansion
 of capacity by 50% at the Nagpur Spinning Unit at a cost of Rs. 320
 million.
 
 -Visaka infuses Rs 32-cr for modernisation of spinninig unit.
 
 -The Company has approved payment of dividend @ Rs.2.50/- per share
 (25%).
 
 2005
 
 -The Company is commencing trial production in the Company's Tumkur
 Asbestos Cement Sheet Plant in the State of Karnataka.
 
 -Visaka setting up asbestos facility in Rai Bareli.
 
 -The Company has recommended a final dividend of 20% on the equity
 capital.
 
 -Visaka Ind obtains eco clearance for cement sheets project.
 
 -Visaka Industries Board approves expansion plan in Fibre Cement
 Sheet division.
 
 2006
 
 -Visaka Industries - Commencement of commercial production in Garment
 Unit.
 
 -The Company.recommended, payment of dividend @ Rs 3/- per share
 (30%) for the financial year. 
 
 -The Company approved the merger of M/s Shakthi Roofings Pvt Ltd,
 with the Company.
 
 2007
 
 --The Company has recommended payment of dividend @ Rs.3.00/- per
 share (30%).
 
 2008
 
 -The Company has commenced Commercial Production in the Company's
 Reinforced Building Boards Division, situated in Miryalguda, Andhra
 Pradesh.
 
 -The Company has recommended Payment of Equity dividend @ Rs 3/- per
 share. 
 
 2009
 
 -The Company has recommended, Normal Dividend on Equity Shares @ 30%
 & Special Silver Jubilee year Dividend @ 10%.
 
 -Dr. G Vivekanand has been re-designated as Vice-Chairman and
 Managing Director of the Company.
 
 -Smt. G Saroja Vivekanand, Director of the Company has been appointed
 as a Whole Time Director and designated as Joint Managing Director of
 the Company.
 
 -Visaka Industries has announced that that it received the first
 export order for 300 tones of V Board valued at Rs.37 lakhs from
 Middle East.
 
 2010
 
 -The Company has recommended a Final Dividend of Rs. 2/- per Equity
 Share of Rs. 10/- each making the total Dividend of Rs. 5/- per
 Equity Share.
 
 2011
 
 -The Company has recommended a Final Dividend of Rs. 2/- per Equity
 Share of Rs. 10/- each making the total Dividend of Rs. 5/- per
 Equity Share.
 
 2012
 
 -Visaka Indsustries - Commencement of Commercial Production at
 Sambalpur unit.
 
 -The Company has recommended a Dividend of Rs. 5/- per Equity Shares
 of Rs. 10/-.