Kay Power and Paper Ltd.

YEAR                                                      EVENTS
 1991 - Kay Pulp And Paper Mills Limited was incorporated as private
        limited company on 15th May, in Mumbai and converted into a
        public limited company on 21st June, 1993.  It was promoted
 by
        Niraj Chandra and Praveen Chandra.  The Company manufacture
 Kraft
        Paper.
 
 1996 - The Company undertook to expand its installed capacity for
        manufacture of kraft paper from 9900 tonnes to 15000 tpa.  It
 was
        proposed to install a power generation plant for captive
        consumption.
 
 1997 - The overall working was affected by workers' slowdown
 agitation
        in the last quarter and strike in February.
 
      - With the continuous rise in power tariff and with power
 expected
        to become dearer the company proposed to install a bagasse
 based
        combustion boiler to produce 4 MW of power.
 
      - 17,00,000 shares allotted to promoters, directors etc. 
 1,60,000
        shares allotted to Western Maharashtra Development Corpn.
 Ltd.
        During March, 1995 the Company issued through a prospectus
        43,80,000 No. of equity shares of Rs 10 each at a prem. of Rs
 5
        per share as follows: (i) 10,80,000 shares to promoters, 
        directors, their relatives. (ii) 7,92,000 shares to
 NRIs/OCBs.
        (iii) 1,00,000 shares to GIC Mutual Fund. (iv) 3,00,000 shares
 to
        Century Mutual Fund. (v) 1,00,000 shares to SICOM Ltd. (vi)
        1,00,000 shares to United  Western Bank Ltd.  Of the
 remaining
        20,000 shares issued to the employees on preferential basis.
        Balance 18,88,000 shares issued to the public.
 
 2001 
 
 -The Board of the company has made an allotment of 44 lakh No. of
 equity shares of Rs 10 each fully paid-up to the promoters and their
 associates.
 
 2003 
 
 -Delisting of shares from Delhi and Ahmedabad Stock Exchanges.
 
 2008
 
 -Company name has been changed from Kay Pulp And Paper Mills Ltd to
 Kay Power And Paper Ltd.
 
 -The company has designated E-mail ID for Investors Complaints:
 kaypulp1@vsnl.net