YEAR                       EVENTS
 1972 - The Company was Incorporated on 3rd August, in Maharashtra as
 a 
        private limited company and converted into a public limited 
        company on 17th January, 1973.
 
      - The Company's object is to manufacture steel ingots from
 scrap
        and other steel items.  The Company was promoted by Western 
        Rolling Mills Private Ltd.
 
      - Mukand Iron & Steel Works, Ltd. agreed to give to the company
        technical assistance for the manufacture of steel ingots and 
        other semi finished products.
 
      - 1,60,000 shares taken up by promoters, directors, etc. and
        2,40,000 shares offered at par to the public in Feb. 1973.
 
 1981 - Forfeiture on 50 shares annulled.
 
 1984 - Profits declined marginally due to lower sales realisation in
 the
        first quarter of the year and higher input costs.
 
 1985 - 2,00,000 rights shares issued at par in prop. 1:2.
 
 1987 - Chudiwala Steels, Ltd. Pondicherry, became a subsidiary of
 the
        Company.
 
 1988 - The name of the subsidiary was changed to East Coast Steel
 Ltd.
 
      - 6,00,000 rights shares issued (prem. Rs.10 per share; prop.
 1:1)
        Additional 90,000 shares allotted to retain oversubscription.
        Another 4,500 shares allotted to employees.  (prem. Rs.10 per
        share).
 
 1992 - During May-June, the company issued 7,19,165-15% fully 
        convertible debentures of Rs.55 each at par to the
 shareholders 
        on rights basis in the ratio of 5 debentures : 9 No. of
 equity
        shares held.  Additional 1,07,721 debentures allotted to
 retain
        oversubscription.
 
      - Another 35,835 - 15% fully convertible debentures were issued
 to
        the employees of the company, (only 300 debentures taken up).
        Unsubscribed portion of 35,500 debentures out of the
 employees
        quota of 35,535 debentures was allotted to Indbank Mutual
 Fund,
        35 debentures remain unsubscribed.
 
      - The entire face value of Rs.55 of each debentures was to be
        converted into one equity share of Rs.10 each at a prem. of
 Rs.45
        per share on the expiry of 6 months from the date of allotment
 of
        debentures i.e., on 2nd February 1993.
 
 2008
 
 -Western Ministil has designated E-mail ID for Investors Complaints:
 pkrkm@hotmail.com