YEAR                                              EVENTS
 1986 - VXL Instruments started as a partnership firm in 1976, was
              incorporated as a Private Limited Company on 28th
 February, as
              per the a Public Limited Company on 24th June, 1993 and
 the
              revised Certificate of Incorporation obtained from the
 Registrar
              of Companies, Karnataka on 2nd November, 1993.
 
           - The initial products manufctured were micro-processor
 based data
              acquisition and control systems.  In 1983, VXL
 Instruments
              introduced VM-15A, a computer terminal based on ISO
 standard, the
              market response to which led the Company to switch to
 manufacture
              of terminals.
 
           - The Company was promoted initially by a team of 3
 technocrats viz
              Mr. A.V. Kasargod, Mr. M.V. Nagaraj and Mr. J.R. Mundkur
 in 1976,
              to be joined by Mr. Kumar Shyam and Mr. M.V. Shetty, who
 joined
              as partners in 1981 and 1982 respectively.
 
 1994 - During the year the company issued bonus shares in the ratio
 of 3
              for every 5 shares held.
 
           - The Company came out with its maiden Public Issue of
 11,70,000
             No. of Equity Shares of Rs.10/- each for cash at a
 premium of
             Rs.60/- per share aggregating Rs.819 lakhs in February.
 
          - The scheme of amalgamation of Electronic Weighing and
 Level 
            Controls Private Limited with the Company was approved by
 
            the Hon'ble High Court of Karnataka, Bangalore by its
 orders 
            dated 22nd April, 1994.
 
 1995 - The Company intends to set up a 100% export unit under the
 EHTP
              scheme at Veerasandra, about a km from the present
 plant. The
              combined production capacity is proposed to be raised to
 80,000
              Terminals and 90,000 Monitors by 1995 and 120,000
 Terminals and
              90,000 Monitors by 1996.
 
            - The Company's subsidiaries are XLnet Software Systems
 Ltd. and
              VXL Instruments Limited U.K.
 
           - The Company has tied up with Stallion Technologies of
 Australia,
              for the distribution of the latter's products in India.
 
           - The company has introduced in-house training programmes,
 on a
              continuing basis to train its managers on the skills
 required to
              manage in an increasingly competitive an complex
 business
              environment.
  
 1996 - The Company has introduced a LAN station, in monochrome and
              colour versions, to fulfil the need for a cost effective
 
              solution for the growing networking market in India.  
 
 1997 - The Company received an award from the Export Promotion
 Council 
              for `Outstanding Export'.
 
           - The Company received ISO 9000 certification for its
 export
              factory, from the Under writers' Laboratory, US.
 
            - VXL Instruments has launched Winlinx, a thin network
 computing
              client.
 
 1998 - The Company is working on developing a family of Winlinx
 WINDOWS
              NT terminals to cater to a host of possible
 applications.
 
 1999 - The Company has started a Business Applications Software
 Division
              in January.  This Division will specialise in Web based
 total
              solutions for Supply Chain Management.
 
           - The Company holds 108,000 Equity Shares of GBP 1 each,
 fully
              paid-up, amounting to Rs. 5,169,261/- in the share
 capital of its
              subsidiary.
 
            - Xlnet Software Systems Ltd, a 100 per cent subsidiary of
 VXL,
              has posted a profit for the first time, in the last
 fiscal.
 
           - The company has developed new products like Xica - a
 gateway
              server, and Xica 70 - a PDC server.
 
 2000 - On 28th March, there was a fire accident in company's 100 per
              cent export factory at Bangalore.
 
            - VXL Instruments has launched Saral Kot, a solution for
 hotels and
              restaurants with features such as kitchen order
 tickets,
              screen-based or printed report generation and
 flash-based memory
              that is field upgradeable.
 
           - The Company has informed that, MoU signed between compay
 and Optima
              Computer Technology Austrialia (OCTA) regarding joint
 venture.
 
           - VXL and OCTA shall incorporate a new JV company in
 Australia.
 
           - VXL Instruments Ltd, has entered into a joint venture
 agreement with the Australian
              Optima Computer Technology.
 
 2002
 
 -VXL Instruments Ltd has informed the Board of Directors appointed
 the following Directors:1. Mr Dipak Rao -- appointed as a Director
 and Chairman of the Company. 2. Mr J R Mundkar rejoins the Board as
 Director. Mrs Laxmi J Mundkar ceased to be Director of the Company.
 
 2004
 
 -Launches Itona TC, a thin client device for corporate networks
 
 -VXL Instruments Ltd has informed that Mr. M.V. Nagaraj is appointed
 as Managing Director w. e. f. July 30, 2004 subject to requisite
 approval
 
 2008
 
 -Company has informed that the given below are the details of the
 email id designated exclusively for grievance redressal division /
 compliance officer:
 
 narayanbhat@vxl.net