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JJ Exporters Ltd. Company History and Annual Growth Details

YEAR EVENTS
1972 - J.J. Exporters, a partnership firm was incorporated on 29th December as a private limited
company under the name 'J.J.Exporters Pvt. Ltd. It was converted into a public limited
company on 12.10.1973. The organisation has 28 years of history in the manufacturing
and exporting of silk fabrics and garments.

- The Company's primary activity is the export of silk fabrics. It develops designs for silk
fabrics in-house and gets them woven from handloom weavers in Bangalore and Bhagalpur.
The Company has yarn dyeing facility at Bangalore and has fabric dyeing and finishing facility
at Bhagalpur.

- The Company is one of the top exporters of silk fabrics from India and has won recognition
and awards from various government agencies and councils for its export performance.

- The Company has won over 30 awards in its history with at least one award being won
every year since 1968. It has won the highest exporter award 11 times (For a complete
list of awards, see below). It is recognised as a Trading House by the Government of India.

1968-73 Central Silk Board - award for consistency in Export Performance.

1973 - Handloom Export Promotion Council -Trophy for highest export.

1973-74 - Government of India, Ministry of Commerce - Certificate of Merit for Best exporter of Silk Goods.

1974-75 - Central Silk Board - award for outstanding exports of silk goods.

1975-76 - Government of India - Certificate of Merit for outstanding export performance in Silk Fabrics.

- Central Silk Board - Award for excellence in export of silk goods.

- Handloom Export Promotion Council - Award for outstanding export performance.

1976-77 - National Award for outstanding export performance from the President of India.

- Handloom Export Promotion Council-trophy for highest export.

- Central Silk Board - 1st prize for excellence in export of silk goods.

1977-78 - Handloom Export Promotion Council - Trophy for highest export.

- Central Silk Board - 1st prize for outstanding export performance of Silk Goods.

1978-79 - Handloom Export Promotion Council - Trophy for highest export.

- Central Silk Board Award - 1st prize for outstanding export performance in Silk Goods.

- Government of India, Ministry of Commerce - Certificate of Merit for outstanding export
performance in Silk Fabrics.

1979-80 - Central Silk Board - Award for outstanding export performance in Silk Goods.

- Handloom Export Promotion Council - Silver medal for export performance.

1980-81 - Central Silk Board - Award for excellence in export of Silk Goods.

1981-82 - Central Silk Board - Trophy for meritorious export performance in Silk Goods.

- Handloom Export Promotion Council - Silver Medal for outstanding export performance.

1982-83 - Handloom Export Promotion Council - Silver Medal for outstanding export performance.

1983-84, 1984-85, 1985-86 - Indian Silk Export Promotion Council - Outstanding export performance
award for silk goods

1986-87 - Indian Silk Export Promotion Council - Silver Trophy for overall Silk Export.

1986-87, 1987-88, 1988-89 - Indian Silk Export Promotion Council - Golden Trophy for highest
export of Silk Fabrics.

1988-89 - Indian Silk Export Promotion Council - Silver Trophy for overall Silk Export.

1989-90 - Indian Silk Export Promotion Council - Golden Trophy for highest export of Silk Fabrics.

- Indian Silk Export Promotion Council - Silver Trophy for overall Silk Export.

1990-91 & 1991-92 - Indian Silk Export Promotion Council - Golden Trophy for highest overall
Silk Export.

- Indian Silk Export Promotion Council - Golden Trophy for highest export of Silk Fabrics.

1995 - The Company issued 12,00,000 No. of Equity Shares of Rs.10/- each for cash at a
premium of Rs.60/- per Equity Share aggregating Rs.840 lacs during the financial year.

- Mr. G.P. Fatehpuria, Mrs. Kusum Khemka and Mrs. Aruna Jhunjhunwala resigned from the
Board effective October 6, 1994.

- The Company was awarded the status of Trading House during the year.

1996 - The Company had undertaken modernisation of yarn dying facilities and establishing
yarn preparatory section at Bangalore and modernisation of fabric dyeing facilities at
Bhagalpur.

- Most of the machines at Bhagalpur have been installed except one Felt Calender. Dyeing
machines and effluent treatment plant at Bangalore have also been installed and are working
satisfactorily.

- Mrs. Laxmi Jhunjhunwala and Mr. S. Jalan retire by rotation and being eligible offer themselves
for reappointment.

1997 - Mr. J. Narayan resigned from the Board effective April 29. Mr. M. L. Gulrajani and
Mr. P.J. Sheth retire by rotation and being eligible offer themselves for reappointment.

- The Company's two subsidiaries, are J. J. Holdings Ltd. and Tanushree Silks Ltd.

1998 - The Directors also propose a joint venture Company in Belgium in the current year in
order to facilitate better marketing of the Company's products in Europe.

1999 - Mr. Arun Kr. Shraff, a Whole Time Director resigned from the Directorship of the Company
during the year with effect from 1.2.99.

- The company acquired 52,15,000 shares of JJ SPECTRUM SILK LIMITED from, its
overseas promoter M/s. Ostertag Hausamann Faes AG and it's nominee during the
year.

- JJ SPECTRUM SILK LIMITED has also become a subsidiary of the Company. The Company
also subscribed to 200000 - 10% Redeemable Cumulative Preference Shares of Rs. 100/- each
in J. J. Spectrum Silk Ltd. during the year.

2000 - J. J. Holdings Ltd. a wholly subsidiary of the company is proposed to be merged
with the Company w.e.f. 01.04.2000 subject to the approval of Honourable High Court
of Calcutta.

- The company has acquired 100% Equity Shares of Pooja Creations Pvt. Ltd. which
has become a wholly owned subsidiary of the company and the said subsidiary
company has currently undertaking a project for manufacture and exports of garments.

- The Company has entered into an agreement with the National Security Depository
Limited (NSDL) for dematerialisation of the Company's shares and the Company has
got the ISIN No.INE408B01015.

- During the year under review, Company acquired 29,994 shares of Mysore Rubbers Ltd.,
By virtue of this Mysore Rubbers Ltd. has become as subsidiary of the Company.

2002- J.J.Exporters Ltd has informed that the Board have noted the resignation of Mr Pawan Kumar Chomal, Company Secretary &appointed Mr B L Banthia Finance Controller of the Company as Finance Controller & Company Secretary.

-J.J. Exporters Ltd has informed that the Board of Directors reappointed Mr R P Todi as Whole Time Director for a term of 5 years. The Board has also appointed Mrs Laxmi Jhunjhunwala as a Whole Time Director for a period of 5 years.
 
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