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SEL Manufacturing Company Ltd. Company History and Annual Growth Details

Our Company was incorporated on May 8, 2000. It is a part of the R S Saluja
Group of Companies set up by Mr. Ram Saran Saluja. The R S Saluja Group has
been in existence for more than 35 years, having facilities for manufacture of yarns,
fabrics, garments in addition to our manufacturing facilities we also have in-house
facilities for garment design and development among others. As of now, the
R S Saluja Group is mainly engaged in the activities of manufacture of yarns for
domestic and export sale, knitting & dyeing of fabric partially for domestic sale &
rest for captive consumption and manufacture and export of ready made garments.

Change of Status and Registered Office

Our registered office was shifted from Rahon Road, Opposite Octroi Post, Ludhiana
to 706, Industrial Area A, Ludhiana E - 106, with effect from June 20, 2001 by a
resolution of our Board.

We were initially incorporated under the name Saluja Exim Limited as a public limited
company on May 8, 2000 and received our certificate of commencement of business
on June 2, 2000. The name of our Company was changed to SEL Manufacturing
Company Limited by a special resolution of the members passed at an extraordinary
general meeting held on June 27, 2003. The fresh certificate of incorporation consequent
on change of name was granted to our Company on July 21, 2003, by the Registrar of
Companies, Punjab, Himachal Pradesh and Chandigarh at Jalandhar (RoC).

The name of our Company again changed to Saluja Exim Limited by a special resolution
of the members passed at an extraordinary general meeting held on November 10, 2003.
The fresh certificate of incorporation consequent on change of name was granted to
our Company on November 14, 2003, by the RoC.

The name of our Company was once again changed to SEL Manufacturing Company
Limited by a special resolution of the members passed at an extraordinary general meeting
held on January 31, 2004. The fresh certificate of incorporation consequent on change of
name was granted to our Company on February 9, 2004, by the RoC.

The status of our Company was changed to a private limited company by a special
resolution of the members passed at an extraordinary general meeting held on March
15, 2004. The fresh certificate of incorporation consequent on change of name was
granted to our Company on March 31,2004 by the RoC. The status of our Company
was subsequently changed to a public limited company by a special resolution of the
members passed at an extraordinary general meeting held on March 14, 2006. The fresh
certificate of incorporation consequent on change of name was granted to our Company
on March 16, 2006 by the RoC.

Major events

2000 Incorporation of our Company on May 8, 2000 under the name of 'Saluja Exim
Limited' Change of name to 'SEL Manufacturing Company Limited' w.e.f. July
21, 2003 2003 Change of name to 'Saluja Exim Limited' w.e.f. November 14, 2003

2004 Change of name to 'SEL Manufacturing Company Limited' w.e.f. February 9, 2004

2004 Conversion of our Company from 'public company' to 'private company' w.e.f.
March 31,2004

2005 Our Company became a partner in M/s S E Exports w.e.f April 1, 2005

2005 Insertion of following clause to our main objects w.e.f November 12, 2005:
to carry on business of manufacturing and processing of and dealers in all kinds
of yarns, hosiery goods, readymade garments, carpets, duries, mats, rugs, blankets
and other similar articles

2006 Amalgamation of SPPL & SFL with our Company w.e.f April 1, 2004 vide court order
dated February 23, 2006

2006 Conversion of our Company from 'private company' to 'public company' w.e.f March
16, 2006

2006 Acquisition of 100% EOU spinning unit of Saluja Cotex Private Limited w.e.f June 1, 2006

2006 Acquisition of assets & property of Mangla Cotex Limited through bidding process from
official liquidator vide order dated March 23, 2006 passed by the Hon'ble High Court
of Punjab & Haryana at Chandigarh


2007

-SEL Manufacturing acquires 99% stake in firm Kudu Industries.

2008

-SEL Manufacturing Company Ltd has acquired the Manufacturing facilities of Preet Hosiery Exports Ltd, Ludhiana.

-SEL Manufacturing Company Ltd has approved the appointment of Mr. Amar Narang S/o Sh. Gopal Das as an Additional Director on the Board of the Company w.e.f. March 16, 2008.

2008

- SEL Manufacturing Company Ltd has appointed Mr. Ranjan Madaan S/o Sh. Manohar Lal Madaan as an Additional Director on the Board of the Company w.e.f. October 01, 2008. Mr. Ranjan Madaan would be an Independent Director on the Board of the Company.

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