Tata Advanced Materials Ltd.

YEAR                                                       EVENTS
 1989 - The company was incorporated on 10th November, under the
 Companies Act, 
              1956, in the name of Matrix Material Limited and
 registered with the Registrar of 
              Companies Maharashtra, Bombay.  
 
 1990 - The Company obtained the Certificate for Commencement of
 Business on 22nd
              January.
 
 1992 -  The name of the Company was subequetly changed to Tata
 Advanced Materials
                Limited with effect from 18th November, on which date
 the Company obtained the 
                fresh Certificate of Incorporation, consequent upon
 the change of name, from the 
                Registrar of Companies, Karnataka, at Bangalore.
 
            - The Company is in the process of setting up a project
 for the manufacture of compoiste
               products which are made from matrices like polymers,
 ceramics and metals, along with
               reinforcements like organic fibres and inorganic
 fibress. 
 
            - The compoiste products, manufactured using advanced
 technology, are characterised
               by their extremely light weight, yet very strong
 physical properties, and their high corrosion
               resistance.  With such properties, composites find
 application in diverse fields like light
               weight armour, transportation, engineering equipment,
 structural engineering, transmission
               towers, components for the aviation industry, and a
 variety of other engineering sectors.
 
 1995 - During the year the Company raised Rs. 63,313,000 by way of
 Share Capital consisting
              of 2,700,000 No. of equity shares of Rs. 10 each from
 the public and 3,361,300 No. of 
              equity shares of Rs.10 each from the promoters and their
 associates.
 
            - Mr. V. P. Shenoy has resigned from the position of
 Managing Director and Director 
              w.e.f. 27th June  and the Board wishes to place on
 record its appreciation of the services
              rendered by him since inception of the Company.  Mr. K.
 Sankaran Nair, Mr. D. S. Pendse, 
              Brig, K. Balasubramaniam (Retd.) and Mr. Syamal Gupta,
 Directors of the Company retire
              by rotation and being eligible, offer themselves for
 re-appointment.
 
 1996 - The company received top exporter award for the year 1993-94
 from The Plastics & 
              Linoleums Export Promotion Council under the category of
 PVC fabricated goods in
               respect of Company's export of bullet proof jackets.
 
           - The company has entered into a technical collaboration
 with Norline Transport Systemer
             A/S, Norway, which is engaged in the manufacture and
 distribution of light weight containers
              in reinforced plastics in Europe.
 
           - The company was awarded second prize of the National
 Award instituted by the Dept. of 
              Defence for Excellent performance in the indigenisation
 of defence  stores & equipment in 
              July.
 
 1997 - The company signed a Memorandum of Understanding with
 McDonnell Douglas for 
              manufacture of Radomes for certain Aircrafts
 manufactured by them.
 
           - The Directors regret to report the demise of Mr. Ramesh K
 Bhasin, Director of the 
             Company.  The Board has appointed Mr.S.H.Rajadhyaksha as
 Director in the place of 
             Mr.Ramesh K Bhasin.
 
         -  The Company has entered into financial lease agreements
 with Tata Finance Ltd., for 
             assets, the cost of which aggregates to Rs. 31,66,805.
 
 1998 - The company has entered the telecom shelter business during
 the year.
 
 2000 - The scheme approved by AAIFR includes conversion of
 intercorporate deposits of
              Rs. 15.80 crores from Tata Industries Ltd., to the
 company into equity shares at a face
              value of Rs 10/- each and the company has been directed
 to issue shares on 20th
              September.
 
 2001 - Tata Industries Ltd., promoter of the company holds 77.26% of
 the paid-up equity share
              capital of the company,
 
            - The Company has entered into an agreement with National
 Securities Depository Ltd., and
              Central Depository Services (India) Ltd., for
 dematerialisation of equity shares.