Natural Stone Exports Ltd.

YEAR                       EVENTS
 1985 - The Company was incorporated on 14th July as a Private
 Limited
        Company.  It was subsequently converted into a Public Limited
        Company on 16th December 1992.  It was promoted by Gautam P.
        Chopra and S. Rajashekar and later Suresh P. Chopra joined in
 the
        place of Rajashekar.  The Company is engaged in the business
 of
        polished granite slabs with a capacity of 15,000 sq. mtrs.
 p.a.
        at its unit at 16 B Tamaka industrial area, Kolar Karnataka.
 
 1995 - 7,50,000 No. of equity shares of Rs 10 each issued,
 subscribed
        and paid-up.  82,50,000 No. of equity shares of Rs 10 each
 were
        issued in August 1994 of which 24,00,000 shares were reserved
 for
        allotment on a firm basis to promoters, directors their
 friends
        etc.  Of the remaining, following were reserved for allotment
 on
        a preferential basis as follows:
 
      - (i) 14,00,000 shares to NRIs on repatriation basis (only
 4,68,000
        shares taken up), (ii) 11,50,000 shares to Indian Mutual
 Funds
        (only 1,00,000 shares taken up), (iii) 6,000 shares to
 employees
        (all were taken up).  Balance 32,94,000 shares along with
        19,82,000 shares not taken up under preferential quota was
 issued
        to the public (all were taken up).  1,41,900 additional
 shares
        were allotted to retain over subscription.
 
 1997 - The Company undertook to set up a 100% EOU and 86,000 sq.
 mtrs.
        p.a. of polished granites at its existing location.
        State-of-the-art plant & machinery were installed.
 
      - The Company entered into a MOU with the following companies:
        (i) Diamond Hitho Services Inc., U.S.A., the Pacific Stone
 Pty.
        Ltd., Leichhardt, NSW, Australia, Red Granite Trading,
 Dubhai,
        UAE and Ranee Implex, 984015, Limited, Toronto, Ontario,
 Canada.