IB Infotech Enterprises Ltd.

1987 
 -The Company was incorporated as a private limited company on 7th
 December 1987, and subsequently converted into a public limited
 company on 16th April 1992.  Promoted by V. C. Kumaran, Mrs.Vasantha
 Kumaran, S. R. Mishra & others.
 
 1994 
 -9,66,200 shares of Rs 10 each issued and subscribed.  53,02,500
 shares of Rs 10 each were issued of which 11,67,200 shares were
 subscribed by Harlon Fine Foods, Singapore, Indian promoters,
 directors, 10,00,000 shares reserved for firm allotment to NRI, 3,000
 shares on preferential basis to employees.  31,32,300 shares to Indian
 public.
  
 1995 
 -The Company has issued 41,30,000 No. of Equity shares @ Rs. 10/- 
 per share at par during the year through a public issue.
 
 -In terms of the agreement with M/s.Harlen Fine Foods-Singapore, the
 Company has issued 631733 equity shares @ Rs.10/- per share at par
 for Rs.63,17,330 being the 2/3rd value of Technical know-how fees of
 Rs.94,76,000/- vide R.B.l. dated 17th March,1994.
 
 1996 
 -3,15,867 equity shares allotted on private placement basis.
 
 1997 
 -Exports were affected due to uncompetitive price of coconuts in
 India compared to Phillipine, Malaysis, Indonesis etc. The Company
 introduced Harlen Brand of Mineral Water, Tea and Coconut oil on a
 trial basis during the year.
 
 1998 
 -The Company proposes to open branches in Delhi and Jammu.
 
 1999 
 -The Company's products namely Coconut Spread and Coconut Cream were
 new to the market and the response for both the items were poor,
 inspite of Company's vigorous campaign through various means.
 
 -During the year under review, the Company did not incur any expenses
 on research and development, hence no information on research and
 development is given.
 
 2011
 -Registered Office of the Company has been shifted From 143 - A,
 Mittal Tower, Nariman Point, Mumbai To 502, Sagar Sangit,Dr. A. B.
 Nair Road,Juhu,Mumbai.