Weston Components Ltd.

YEAR                       EVENTS
 1981 - The company was incorporated on 11th August, as a private
 Limited
        Company under the name of Weston Electroniks Components Pvt.
        Limited. and was converted into a Public Limited Company on
 18th
        May 1984.  The name was changed to Weston Components Ltd., and
 a
        fresh certificate of incorporation was obtained on 25th June,
        1986.
 
      - The company was promoted by Prem. T. Vachani and Associates.
 
      - The company's plant is located in a notified backward area in
        Dharuhera Industrial Complex, Delhi-Jaipur Road,
 Mohindergarh,
        Haryana.
 
      - The main object of the company is to manufacture colour TV
 sets,
        Carbon film resistors, audio magnetic tapes and pre-recorded
        cassettes.
 
 1985 - All shares taken up by promoters, directors, etc.
 
 1986 - 20,00,000 No. of equity shares then issued at par of which
        2,50,000 shares were reserved and allotted on a firm basis to
        directors, their friends and relatives.  Of the balance of
        17,50,000 shares, the following were reserved for allotment on
 a
        preferential basis:
 
      - (i) 1,75,000 shares to shareholders of Weston Electroniks Ltd.
 
        (only 71,900 shares taken up),
 
      - (ii) 1,00,000 shares to employees (including Indian working  
        directors)/workers of the Company and associate companies
 (only
        11,000 share taken up) and
 
      - (iii) 7,00,000 shares to non-resident Indian on repatriation
        basis (only 1,99,400 shares taken up).  The remaining
 7,75,000
        shares along with the unsubscribed portion of 6,92,600 shares
        from the preferential quota were offered to the public during
        April 1987 (all were taken up).
 
 1987 - The Company undertook to expand and diversify into manufacture
 of
        pre-recorded cassettes at its existing facailities at Haryana
        with an installed capacity of 60 lakhs nos. per annum.
 
 1989 - Forfeiture on 65,900 shares annulied.
 
 1991 - The Company launched calendering machines and audio loaders.