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Meghmani Organics Ltd. Company History and Annual Growth Details

In the year 1986, Mr. Jayanti Patel, Mr. Ashish Soparkar, Mr. Natwarlal Patel,
Mr. Ramesh Patel and Mr. Anand Patel formed a partnership firm, M/s Gujarat
Industries, to produce pigment blue.

On January 2, 1995, M/s Gujarat Industries was converted into a company under
Part IX of the Companies Act with the name 'Meghmani Organics Limited'. Equity
Shares of our Company were allotted to the promoters / partners of the M/s. Gujarat
Industries in lieu of the assets and liabilities of the partnership firm. Our Company
was registered with Registrar of Companies, Gujarat at Ahmedabad on January 2,
1995. We obtained the certificate of commencement of business on January 4, 1995.
Our Registered Office is situated at Plot No. 184, Phase II, G.I.D.C. Vatva,
Ahmedabad -382 445, Gujarat, India. The chronology of key corporate events since
our incorporation in 1995 is as follows:

HISTORY AND MAJOR EVENTS:

Year Event

1995 Our Company set up its facility at Chharodi, Ahmedabad, to manufacture
insecticides, agrochemicals.
1996 J F Electra (Mauritius) Limited (JFE), now known as Electra Partners
Mauritius Limited invested Rs. 200 million equivalent to S$ 7.31 Million,
along with Pisces Pte Limited (Pisces), (a Mauritius based company) investing
Rs. 180 million equivalent to S$ 6.92 Million and our Promoters investing Rs. 57
million equivalent to S $ 2.19 Million.
1996 Company expanded its pigment business by purchasing land at GIDC, Panoli
near Ankeleshwar.
1998 Commencement of commercial production of pigment blue at the Panoli plant.
1999 Our Company was awarded the ISO 9001-2000 certification for the achievement
of quality assurance in production, purchasing, marketing and distribution in
relation to Vatva, Panoli and Chharodi Plants.
2003 Our Company acquired assets of Unit II from Rallis India Limited, (Rallis) situated
on Plot No. 5001/B at GIDC Ankleshwar for expansion of Agrochemical production
and started commercial production of agrochemicals at the Ankleshwar.
2004 Our Company made an offer of SDSs in Singapore and listed our SDSs on the
SGX - ST Main Board.
2006 Expansion of Cyper Methric Acid Chloride (CMAC) plant at the Ankleshwar unit
with an investment of Rs. 180 millions and commencement of commercial operation
of the plant.

List of Awards received by our Company.

1. Niryat Shree-Excellent Growth Certificate dated September 24, 1999 awarded to our
Company by the Federation of Indian Export Organisations for excellent growth of our
Company for the year 1996-1997.

2. Certificate of Merit awarded to our Company by the Secretary of the Ministry of Commerce,
Government of India, for outstanding export performance for the year 1996-1997.

3. Award for export performance of more than Rs. 60 million for self manufactured direct
exports by the President and Secretary of the Gujarat Dyestuffs Manufacturers' Association,
Ahmedabad at their annual general meeting held on June 13, 1998 for the year 1996-1997.

4. Award for direct export of self manufactured dyes by the President and Secretary of the
Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their annual general meeting
held on June 12, 1999 for the year 1997-1998.

5. First Award for direct export of self manufactured dyes by the President and Secretary of
the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their annual general
meeting held on June 15, 2002 for the year 2000-2001.

6. Certificate of Merit dated June 15, 2002 awarded to our Company for export performance
during the year 2000-2001 by the President and Secretary of the Gujarat Dyestuffs
Manufacturers' Association, Ahmedabad.

7. First Award for outstanding export performance in dye and dye intermediates panel for
the year 2002-2003 by the Chairman of the Basic Chemicals, Pharmaceuticals & Cosmetics
Export Promotion Council Mumbai.

8. First Award for direct export of self manufactured dyes by the President and Secretary
of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their 44th annual
general meeting held on June 10, 2006 for the year 2004-2005.

9. First Award for indirect export of self manufactured dyes by the President and Secretary
of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their 44th annual
general meeting held on June 10, 2006 for the year 2004-2005.

10. Certificate of Merit dated February 25, 2005 awarded to our Company for noteworthy
performance in the field of export of Pigments and Agro-Dyes by the President of the
Gujarat Chamber of Commerce & Industry, Ahmedabad.

11. First Award for direct export of self manufactured dyes by the President and Secretary
of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their 43rd annual
general meeting held on June 11, 2005 for the year 2003-2004.

12. Second Award for indirect export of self manufactured dyes by the President and
Secretary of the Gujarat Dyestuffs Manufacturers' Association, Ahmedabad at their 43rd
annual general meeting held on June 11, 2005 for the year 2003-2004.

13. Our Company is the runner up in SIAS (Securities Investors Association on Singapore)
Investor's choice Awards for 'Most Transperent Company' for the FY 2005 in the category
of Mainboard Small Caps (of up to S$ 100 million) category.

14. Our Company is the runner up in SIAS (Securities Investors Association on Singapore)
Investor's choice Awards for 'Most Transperent Company' for the FY 2006 in the category
of Mainboard Small Caps (of up to S$ 100 million) category.

2007

-Meghmani Organics Ltd has appointed Mr. Chandan Bhattacharya, as in independent Director, with effect from July 30, 2007.

2008

- Meghmani Organics Ltd has informed that the Board of Directors of the Company at its meeting held on October 24, 2008, inter alia, has appointed Mr. K H Patel as an independent Director, with effect from October 24, 2008.
 
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