Company History - Synthetics & Chemicals Ltd.

YEAR EVENTS 1960 - The Company was incorporated on 21st January, at Mumbai. It manufactures synthetic rubber and lattices of the butadiene-styren

- In March, the Company adopted the agreement between Kilachand Devchand & Co. (P) Limited and the Firestone Tyre and Rubber Company of Akron, designs and lay-out and supervise the construction and initial operations of the plants, and to continue to provide technical information and assistance for

- 1,72,000 shares subscribed by Kilchand Devchand & Co. Pvt. Ltd., directors, associates and friends; 1,12,500 shares subscribed by the Firestone Tyres 1962 - Issued 1,25,000 Right Equity shares at a premium of Rs 20 each in the proportion 5:18. 1965 - 1,24,885 No. of Equity shares allotted. 1981 - 6,000 No. of equity shares issued at par to LIC on conversion of part of loan. 1982 - Owing to accumulation of stocks of rubber, the Company's plant had to be closed seven times for a total period of about four and half months. 1985 - As per the Government's direction, necessary steps were taken to install a terminal at Kandla for storage and handling of imported butadiene.

1987 - The Company's fixed assets were revalued as on 31st March, and the net surplus amount arising out of it was credited to the Revaluation Reserve 1988 - The Company took up establishment of a second Horton sphere of 750 tonnes for storage of butadiene. 1989 - Production declined marginally due to shortage of power and labour unrest during the first quarter of the year, sales registered improved growth. - A letter of intent was received for the manufacture of 10,000 TPA of Acetaldehyde.

- In May, the Company offered 18,36,450-12.5% secured redeemable convertible debentures of Rs 100 each for cash at par of which (i) 17,49,000 deben

- Additional 2,62,350 debentures allotted to retain oversubscription and (ii) 87,450 debentures to employees including Indian working directors)/workers o

- The convertible portion of Rs 40 of each debentures was converted into 2 equity shares to Rs 10 each at a premium of Rs 10 per share on 1.1.1990. Th year from the date of allotment of debentures. These debentures were being offered to part finance the project for expansion of styrene butadiene rubber

1990 - The Company undertook to set up an alcohol distillery with a capacity of 30 million litres per day of alcohol at Bareilly, The distillery was commissio

- During the last quarter of the year, the company offered 13,29,603 new equity shares of Rs 10 each at a premium of Rs 10 per share to Firestone Tire & equity capital of the Company. 1991 - In order to save energy, a 3 MW condensing turbo generator was installed and commissioned in March. - A letter of intent was received for the expansion of the styrenated phenol capacity from 400 tpa to 1,200 tpa.

- During July, the Company offered 25,00,000-14% secured redeemable non-convertible debentures of Rs 100 each on rights basis in the ratio of 3 deben - As per the terms of issue, Rs 100 of each debenture would be redeemed in five equal instalments of Rs. 20 each beginning at the end of fifth year from

1992 - The poor performance was attributed to continued recession in the automobile industry and the import of SBR at dumping prices as a result of libe

- The Company issued 30,00,000-17.5% secured redeemable non-convertible deentures of Rs 100 each on private placement basis with City bank N.A. T per debenture payable at the end of 8th year from the date of allotment of debentures. 1993 - The production of alcohol was affected on account of the non-availability of molasses at a reasonable prices.

- The Company issued 139,80,917 Rights equity shares of Rs 10 each for cash at a premium of Rs 25 per share in the propn. 5:4. In July 1995, 58,956 sh 1994 - The company entered into a technical collaboration agreement with Nippon Zeon Co. Ltd., Japan for upgrading the quality of nitrile rubber.

1995 - Due to the adverse circumstances, especially financial stringency, the expansion of capacity from 40,000 MTPA to 70,000 MTPA was delayed. Th

- 4,73,500 shares of Rs 10 each allotted to ICICI on conversion of interest on foreign currency loan. Another 4,40,500 shares of Rs 10 each allotted to IFC 2003 -Shifted their registered office of the Company to 23B, Hinditron House, Mahakali Caves Road, Andheri East, Mumbai 400 093

Management

Name Ajay S Kilachand Aparna Chaturvedi H K Khan K P John Nalin N Shah Suresh T Kilachand Suresh T Kilachand Uday S Kilachand

Designation

Executive Directo

Nominee Director Director

Nominee Director Secretary CEO

Chairman / Chair Directo