Jagan Litech Lamps Ltd.

Jagan Li-Tech Lamps Limited was incorporated as a Public Limited
 Company on 8th January, 1993 and obtained Certificate of Commencement
 of business on 2nd February, 1993 from the Registrar of Companies,
 Delhi & Haryana. The registered office of the company is in Delhi and
 the proposed plant is to be located at Kundli, Distt. Sonepat
 (Haryana).
 
 The Company entered into a foreign collaboration agreement, both
 technical and financial, on 2nd April, 1993 with M/s Li-Tech
 Corporation, South Korea for manufacture of H4 Type Halogen Lamps.
 The collaborator is providing the Indian Company with technical
 know-how for the manufacture of the product. Major raw materials and
 plant and machinery for the proposed project are also being provided
 by the collaborator. The Foreign Collaborator will also depute his
 Technical personnel for training the personnel of the company in
 functions relating to design & manufacture of products.
 
 The Company expects to commence commercial production from April,
 1995.
 
 The company after obtaining certificate of incorporation has
 finalised the arrangement with foreign collaborator, completed the
 formalities for acquisition of land, obtained necessary approvals
 from various authorities connected with the project and got the
 limits sanctioned by Union Bank of India. The company has also
 commenced construction of factory building, and finalised orders for
 various items of indegenous machinery.