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V2 Retail Ltd. Company History and Annual Growth Details

Our Company was incorporated on July 23, 2001 under the Companies
Act, 1956 as Vishal Retail Private Limited. Our Company was
converted to a public limited company on February 20, 2006.

At the time of incorporation, the registered office of our Company
was situated at 4, R. N. Mukherjee Road, Kolkata 700 001.
Subsequently our registered office was shifted to 54/4C, Strand
Road, Kolkata 700 006 on August 1, 2001 and on February 14 2004,
our registered office was shifted to Mouza Kuch Pukur, P.S. Bhangore,
24 Paragnas (South), West Bengal. On December 29, 2005, our
registered office was shifted to RZ-A-95 & 96, Road No. 4, Street
No. 9, Mahipalpur Extension, New Delhi 110 037, which is the present
registered office of our Company.

Acquisition of Business from M/s Vishal Garments and M/s The
Vishal Garments

Vide a business purchase agreement dated November 23, 2001 executed
between our Company and Mr. Ram Chandra Agarwal (carrying on
proprietorship business in the name of M/s The Vishal Garments) and
Mrs. Uma Agarwal (carrying on proprietorship business in the name
of M/s Vishal Garments), we acquired the business of 'M/s The Vishal
Garments' and 'M/s Vishal Garments', and the said businesses were
transferred to our Company as a going concern with effect from
December 15, 2001.

Acquisition of manufacturing unit from M/s Vishal Fashions
Private Limited

Vide a business purchase agreement executed between our Company and
M/s Vishal Fashions Private Limited, we acquired the business of
manufacturing of readymade garments as a going concern with effect
from March 31, 2003. Our Company went into backward integration by
acquiring a manufacturing unit for readymade garments.

Acquisition of manufacturing unit from M/s Vishal Apparels

Vide a business purchase agreement dated March 31, 2003 executed
between our Company and Mr. Ram Chandra Agarwal (HUF) (carrying
on its business in proprietorship in the name of M/s Vishal Apparels),
we acquired the manufacturing unit of 'M/s Vishal Apparels' and the
said manufacturing unit was transferred to our Company as a going
concern with effect from March 31, 2003.

Major Events:

A chronology of some key events in the history of the Company is set
forth below:


Year Milestone

2001 * Incorporated as Vishal Retail Private Limited
* Acquired the proprietorship firm Vishal Garments & The Vishal
Garments
* Opened first store outside Kolkata
2002 * Opened first Store in Delhi
2003 * Acquired Vishal Apparels, a manufacturing unit.
* Set up a manufacturing unit in Gurgaon
2004 * Started our largest store of at Mathura Road, New Delhi
having an area of 80,000 square feet
* Nominated for the Images Retail Awards' 2004
2006 * Our Company was converted into a public limited company
* Implementation of production and retail module of SAP
* Broadband connectivity with each and every location
* Increased our presence to an aggregate of 17 States

2009

- Vishal Retail Ltd has informed that the Company has appointed following persons as Independent Directors on the Board of Directors of the Company at the Board Meeting held on June 12, 2009:

1. Mrs. Seema Kukreja. She is an Advocate by profession
2. Mr. Sandeep Kumar. He is a Qualified Chartered Accountant & Company Secretary.







 
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