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Omkar Speciality Chemicals Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as Omkar Speciality Chemicals Private Limited on
February 24, 2005 and was registered with the Registrar of Companies, Maharashtra. It was
converted into a public limited company under the name Omkar Speciality Chemicals Limited
on March 18, 2010.

We took over the business of Omkar Chemicals, a proprietary concern (proprietor Mr. Pravin
Herlekar) in June, 2005. Omkar Chemicals was formed in the year 1983 with capacity of 6 MT
per annum for manufacture of molybdenum derivatives. At the time of takeover in June, 2005,
the installed capacity was 318 MT and the product range was cobalt, selenium & iodine
derivatives in addition to molybdenum derivatives. During the year 2006-07, our Company
expanded the total installed capacity to 325 MT which was further increased to 375 MT during
the year 2007-08. In March, 2009, we set up a new manufacturing facility at plot no. F-24,
MIDC, Badlapur (E), Thane, Maharashtra viz. Unit 2 with an installed capacity of 375 MT. With
the setting up of Unit 2, our total installed capacity increased to 750 MT. Our Company has
recently set up a new manufacturing facility at B-34, MIDC, Badlapur, Thane, Maharashtra viz.
Unit 3 with an installed capacity of 200 MT through internal accruals. The commercial
production at Unit 3 is likely to start in the month of March, 2011. With the set up of Unit 3, our
total installed capacity stands increased to 950 MT.

Pursuant to a Share Purchase Agreement dated May 14, 2010 between our Company and the
shareholders of Rishichem Research Limited, we have purchased 1078 Equity Shares of
Rishichem Research Limited thereby holding 99.82% and making it our wholly owned
Subsidiary.


Major events of our Company

Period Events

February, 2005
Incorporation of Omkar Speciality Chemicals Private Limited

June, 2005
Took over the entire business (all assets and liabilities) of Omkar

Chemicals, a proprietary concern of Mr. Pravin Herlekar. The installed
capacity after the takeover stood at 318 MT

January, 2006
Installed capacity increased to 325 MT

March, 2007
Installed capacity increased to 375 MT

April, 2009
Commenced commercial production of Unit 2, located at F-24, MIDC,
Badlapur (E), Thane with an installed capacity of 375 MT

February, 2010
Construction activity started for Unit 3 with an installed capacity of 200
MT, the commercial production of which is likely to start in March, 2011

March, 2010
Converted into a public limited company

May, 2010
Rishichem Research Limited became our wholly owned Subsidiary

August, 2010
Received ISO-9001-2008 certification for our Unit 2 in respect of quality
management systems.
 
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