Gitanjali Gems Ltd.

The Company was originally incorporated on August 21, 1986 as a 
 private limited company and became a deemed public limited company 
 pursuant to Section 43A of the Companies Act, 1956, as amended, with
 effect from August 2, 1991. The Company was subsequently converted 
 into Gitanjali Gems Limited, a public limited company pursuant to a 
 certificate of change of name dated December 8, 1994.
 
 The following table consists of the summary of corporate information
 about 
 our Company
 
 Name of the Company               Gitanjali Gems LimitedDate of
 Incorporation                 August 21, 1986
 Registration No                          011-40689
 Registered Office                       801/802 Prasad Chambers,
 Opera House, 
                                                   Mumbai  400 004
 Corporate Office                         As above
 Corporate Status                        Public Limited Company.
 Subscribers to the 
 Memorandum and Articles 
 of Association                            Mr. Mehul C. Choksi
                                                   Mr. Pravin C.
 Mehta
                                                   Mrs Amita R.
 Bhansali
                                                   Mrs. Neena D.
 Sheth
 First Directors                             Mr. Mehul C. Choksi
                                                   Mr. Pravin C.
 Mehta
                                                   Mrs. Neena D.
 Sheth
                                                   Mrs. Amita R.
 Bhansali
 Authorised Capital
 Comprising of                             Rs. 750,000,000/-
 comprising of 70,000,000 
                                                   equity shares of
 face value Rs. 10/- each and 
                                                   500,000 redeemable
 preference shares of
                                                   face value Rs.
 100/- each. 
 Paid up Capital                          Rs. 419,984,950 comprising
 of 41,998,495 Equity 
                                                   Shares of Rs. 10/-
 each
 
 The following table illustrates some of the key events in our
 history:
 
 Date/Year                            Event
 
 August 21, 1986      Gitanjali Gems Private Limited was incorporated
 as a  private 
                                 limited company.
 
 August 2, 1991        The Company became a public company under
 Section 43A of 
                                 the Companies Act, 1956.
 
 December 8, 1994   The Company was converted into a Public Limited
 Company viz., 
                                  Gitanjali Gems Limited.
 
 1991                         The jewellery operations started at the
 Manufacturing unit SEEPZ, 
                                  Mumbai (Unit of Gemplus - since
 Merged)
 
 August 7, 1992         Mehul Impex Ltd. became subsidiary of the
 Company.
 
 1994                         India’s first branded jewellery GILI
 launched through Gili India
 
 1996                         The operations started at the
 Manufacturing unit Borivali, Mumbai
 
 2003                         The operations started at the
 Manufacturing unit Surat SEZ, Mumbai
 
 2003                         D’Damas - Joint Venture Company formed.
 (Joint Venture of Gemplus- 
                                  since Merged)
 
 2004                         Brightest Circle Jewellery Private
 Limited - a Joint venture Company 
                                  formed to promote brand Nakshtra
 
 2005                         The Government of Andhra Pradesh
 allocates 200 acres of land to 
                                  Gitanjali Gems Limited for
 development of Special Economic zone for 
                                  gems and jewellery in Hyderabad,
 Andhra Pradesh
 
 April 1, 2005              CRIA Jewellery Pvt. Ltd. became subsidiary
 of the Company.
 
 20th September 2005 Gitanjali Exports Corporation Ltd. became
 subsidiary of the Company.
 
 September 30, 2005  The High Court of Judicature at Bombay approves
 the merger of 
                                    Gemplus jewellery India Limited,
 Prism Jewellery Private Limited, 
                                    Giantti Jewels Private  Limited
 into Gitanjali Gems Limited
 
 October 04, 2005       Hyderabad Gems SEZ Ltd. became wholly owned
 subsidiary of the 
                                    company.
 
 October 05, 2005      Fantasy Diamond Cuts Pvt. Ltd. became
 subsidiary of the company.
 
 October 14, 2005      Issue of 99,88,495 shares as consideration
 other than cash for the 
                                  shareholders of the merged
 companies
 
 2006
 
 -Gitanjali Gems IPO to price at Rs 210-250 per share
 
 -Gitanjali Gems Ltd has informed that the company has entered into a
 Memorandum of Understanding (MoU) with M/s. Sanghavi Exports.
 
 - Gitanjali Gems on March 27, announced the signing of a new joint
 venture agreement with Sanghavi Exports under which it will become a
 50-50 partner in Spectrum Jewellery.
 
 -Gitanjali Gems enters into JV with Modern India
 
 -Gitanjali Gems enters into MOU with Sulieman Al Othaim, Saudi
 Arabia
 
 -Gitanjali Gems acquires Samuels Jewelers Inc, USA
 
 2007
 
 - Gitanjali Gems sets up IT company
 
 2010
 
 - Gitanjali Gems Ltd has informed that the Board of Directors of the
 Company at its meeting held on January 30, 2010, inter alia, has
 appointed Mr. Sunil Varma as Chief Financial Officer (CFO) of the
 Company with effect from December 01, 2009.
 
 2011
 
 - Gitanjali - Restructuring of Branded Jewellery Business.
 
 - Gitanjali Gems Ltd has informed BSE the Company has incorporated
 GGL Diamond, LLC in United States of America, through its wholly
 owned subsidiary Gitanjali USA, Inc. The main object of GGL Diamond
 LLC is to source and distribute diamond and jewellery.
 
 - Gitanjali Gems Ltd has informed BSE regarding a Press Release dated
 September 08, 2011 titled Gitanjali Gems completes Brand Valuation for
 key Indian Brands in its portfolio.
 
 - In line with the ongoing exercise of re-aligning and restructuring
 of international business of the Company, the jewellery manufacturer
 Gitanjali Gems said that it has transferred stakes in its Italian
 wholly owned subsidiaries.
 
 - Stocks of Jewelry making enterprise Gitanjali jewels, showed an
 excellent movement throughout the day on the Bombay stock exchange
 (BSE) sensex on the back of restructuring news. 
 
 2012
 
 - Gitanjali Gems Ltd has informed BSE that Aston Luxury Group
 Limited, a wholly owned subsidiary of the Company has acquired entire
 stake in Leading Jewels of Japan K K with a view to expand its
 business in Japan and adjoining region. The main activity of Leading
 Jewels of Japan K K is Production, sales, purchase, import and export
 of diamonds, precious stones, jewels and jewellery.
 
 - Gitanjali Gems Ltd has informed BSE that the Board of Directors of
 the Company at its meeting held on August 11, 2012, has decided to
 shift registered office of the Company from 801/802, Prasad Chambers,
 Opera House, Mumbai - 400 004 to Office no, 1, A- Wing, 7th Floor,
 Laxmi Tower, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051.
 
 - In order to seize the emerging online market, country’s
 jewelry maker and retailer Gitanjali Gems has decided to focus on
 e-commerce, said the media reports. 
 
 - Gitanjali Gems Ltd has informed BSE that the Company, through its
 Hong Kong based wholly owned subsidiary 'Aston Luxury Group Limited',
 has Incorporated 'Leading Singapore Jewels Pte. Ltd.', with a view to
 expand it's business in Singapore and Far Eastern regions. The main
 activity of 'Leading Singapore Jewels Pte. Ltd.' is retailing and
 distribution of jewellery.
 
 -Registered Office of the Company has been shifted from 801/802,
 Prasad Chambers, Opera House, Mumbai - 400004 to Office no, 1, A-
 Wing, 7th Floor, Laxmi Tower, Bandra - Kurla Complex, Bandra (E),
 Mumbai - 400051.
 
 2013
 -Gitanjali Gems has received the B. G. Deshmukh Corporate Social
 Responsibility Special Jury Award 2013 from MCCIA (Maharashtra
 Chamber of Commerce Industry and Agriculture) for its various CSR
 Activities.
 -Gitanjali Gems honoured at CNBC TV 18 Emerging India Awards 2013
 -Gitanjali Gems announces the merger of Gems London Co. Ltd. with
 Imacbc Co. Ltd. in Japan
 -Gitanjali Gems Ltd has Launch of various brand stores between May
 01, 2013 to May 13, 2013.
 -Gitanjali Gems Ltd has recommended a Dividend of Rs. 3.00 per Equity
 Share of Face Value of Rs. 10 each.
 
 2014
 
 -Gitanjali Gems Ltd has approved the appointment of Mr. Chandrakant
 Karkare as Chief Financial Officer (CFO) of the Company
 
 2015
 
 -Gitanjali Gems Ltd has Scheme of Amalgamation of Gitanjali Exports
 Corporation Limited (GECL).
 
 2016
 
 -Gitanjali Gems Merger of Gitanjali Exports Corporation Limited with
 the Company