Rayban Sun Optics Ltd.

YEAR                                                                
 EVENTS
 1990 - The Company was incorporated on 28th May, as a private
 Limited
        company and it was converted into a public limited company
 with
        effect from 25th March 1991.  It was promoted by Montari
        Industries Ltd. in a joint venture with Bausch & Lomb
        Incorporated, USA.
 
      - The Company undertook to set up a project for manufacture of
 soft
        contact lenses, cleaning solution, deprotension tablets,
 metallic
        frames for sun glass.  The Company entered into an
 arrangement
        with Bausch & Lomb USA, for technical assistance, know-how,
        identification of equipment supplies, project implementation
        etc.
 
 1991 - During November, the Company issued through a prospectus
 3,64,520
        - 14% secured redeemable partly convertible debentures of Rs
 100
        each for cash at par of which 18,226 debentures were issued
 to
        the employees and balance 346,294 debentures to the public.
 
      - Part-A of Rs 50 of each debenture was converted into five
 equity
        shares of Rs 10 each on allotment of debentures.  Accordingly
        18,22,600 shares were allotted.  Part-B of Rs 50 of each
        debenture was to be redeemed at par in three instalments in
 the
        6th, 7th & 8th year from the date of allotment of debentures.
 
      - During November, the Company issued 9,26,360-17% secured
        redeemable non-convertible debentures of Rs 100 each for cash
        at par to the public.  These debentures are to be redeemed at
 a
        premium of 5% in 3 equal instalments at the end of 6th, 7th
 and
        8th year from allotment with the premium being paid with the
        third instalment.
 
 1992 - The Company has recently launched its products in the major
        metros, Delhi, Bangalore and Mumbai based on marginal imports
 of
        semi-finished piece parts assembled and finished locally.
 
 1995 - 205 No. of equity shares issued, subscribed and paid-up.
        72,00,000 No. of equity shares were issued at par through
        prospectus in November 1991 of which the following were
 reserved
        and allotted on a firm basis:
 
      - (i) 2,00,000 shares to directors, their friends etc.
 
      - (ii) 22,00,000 to Montari Industries Ltd.
 
      - (iii) 50,000 shares to Ranbaxy Laboratories Ltd.
 
      - (iv) 3,80,000 shares to Montari Agrochem Investment Ltd.
 
      - (v) 3,80,000 shares to Chanel Investment & Trading Co. Ltd.
 
      - (vi) 3,90,000 shares to Montari Chencare Investment Ltd.
 
      - (vii) 36,00,000 shares to Bausch & Lomb S.A. Incorporated USA.
     
        Additional 10,80,000 shares allotted to entair
 oversubscribers.
        20,95,695 No. of equity shares allotted as part conversion of
 14%
        debentures.  51,87,950 rights shares issued (prop. 1:2 prem.
 Rs
        35).
 
      - Another 50,000 shares issued to employees (only 14,250 shares
        taken up).  Another 259,390 shares issued to business
 associates.
        35,750 shares unsubscribed by the employees and 259,390
 shares
        not taken up by business associates were allowed to lapse.
 
 1996 - The Company received ISO 9002 Certification.  The Company
        introduced 30 day monthly disposable contact lenses, toric
        contact lenses and cosmetic contact lenses (coloured).
 
 1997 - The Company launched several new Ray-Ban ranges like Air
 boss,
        Mondo Metals, Asphalt, cross walk and Rituals.
 
      - The Company launched the second premium sunglass brand
 `Killer
        Loop' world leader in Youth Fashion market.
 
 1998 - The Company issued 89,07,771 rights shares in proportion 4:7
 and
        at a premium of Rs 30 per share.  Of these 8,61,430 shares
 were
        taken up & 40,341 shares were kept in abeyance.
 
      - The company today launched the first and only bottle lens
        care solution in the world which also removes proteins.
 
      - The company has set itself a target of wiping out accumulated
        losses and achieve net profitability within the next three
 years.
 
      - The joint venture was set up in 1991 between Bausch & Lomb
 and
        MIL, with both the promoters having an equity stake of 39.9
 per
        cent each.
 
      - The company has set up a manufacturing unit in Alwar,
 Rajasthan. 
        Currently, it is a subsidiary of Bausch & Lomb Inc, US, which
 
        bought out the stake of the co-promoter, Montari Industries in
 
        1996-97.
 
      - Bausch & Lomb India is setting up an international school of 
        optometry in the country.  The school is being set up in
        association with the Hyderabad-based LV Prasad Eye Institute
 with
        an investment of $1 million.
 
     - The Company acquired 3D eyewinding technology, 9 Base lens
       manufacturing know-how, Matte finishing technology and
 developed
       the Prescription sunglass manufacturing process.
 
      - The New `Suntamers' range of Ray-Ban sunglasses was launched
        with many new styles and finishes.
 
      - 88,61,430 No. of equity shares of Rs 10 each (prem. Rs 30 per
        share) issued on rights basis (prop. 4:7), 39,657 No. of
 equity
        shares kept in abeyance allotted.
 
 1999 - Bausch & Lomb India (BLI) will hive off its vision-care
 business 
        to a company that will be set up by its present parent Bausch
 & 
        Lomb Inc after obtaining the requisite approval from the
 Foreign 
        Investment Promotion Board (FIPB).
 
      - Bausch and Lomb Incorporated had entered into an agreement
 with 
        Luxottica Group in April.
 
      - The company introduced its first set of brand new models --
 Oval,
        Fugitive, Classic 3 and 4, and Club Master.
 
      - Bausch & Lomb India (BLI) is desperately seeking a
 collaboration
        agreement with Italian eyewear giant Luxottica to ensure its 
        survival in its present form in India.
 
 2000 - Eye Care major, Bausch & Lomb is setting up a wholly owned
             subsidiary in India by acquiring assets of its Indian
 joint
              venture company for Rs. 43 crore.
 
           - The Company introduced the PureVision, a revolutionary
 product
              that will change the way we define a contact lens.
 
            - Bausch & Lomb India, the Indian subsidiary of global
 vision care 
              major Bausch & Lomb Inc will handover the reins of its
 eyewear 
              business to Italy's Luxottica by October.
 
            - Bausch & Lomb has launched SofLens Comfort based on a
 new technology
              called UniFit, which reputedly integrates a number of
 design aspects that
              combine to make the lens superior in both comfort and
 fit.
 
            - The Company has modified its distribution structure for
 the eyewear business
               to make it more effective and robust to meet newmarket
 challenges.
 
             - Bausch & Lomb India Holdings, Inc. - the company that
 is holding 44 per cent
               equity shares of BLI has been merged into a
 wholly-owned US subsidiary of
               Luxottica Group SpA.
 
            - Bausch & Lomb has launched the Healthy Eyes CD in
 India.
 
 2001 - The Board has approved to change its name from Baush & Lomb
 India Ltd. to Ray
              Ban Sun Optics India Ltd.
 
 2002
 
 -Appoints Enrico Mistron as the Additional Director on the Board of
 the company.
 
 -Cricketers Harbhajan and Laxman the promoters of the company's
 brands like Ray Ban and Killer Loop.
 
 -Launches eye care awareness program 'Confidence, Contact & Me' in
 Chennai.
 
 -Luigi Francavilla, elected as the Chairman on the Board of the
 company.
 
 2004
 
 -Bausch & Lomb launches latest vision correction device
 
 2007
 
 -Rayban Sun Optics India Ltd has appointed Mr. Kewal K Khanna as
 Additional Director of the Company.