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History of Aimco Pesticides Ltd.

YEAR EVENTS 1987 - The Comp. was incorporated as a Public Limited Comp. on 12th August, under the Act with the Registrar of Companies, Maharashtra at Mumbai.

- The main objective of Comp. are fully set out in the Memorandum & Articles of Association of Company. The immediate object of Comp. is to set up a plant for the manufacture of Chlorpyriphos Technical with a capacity of 900 tpa.

- The Comp. is promoted by Mr. P.P. Dave & Mr. J.P. Dave. They are the partners of M/s. All India Medical Corporation [AIMCOs], pesticide formulators, marketing their products under the brand name `AIMCO PESTICIDES'.

- APL has at present a 130 tpa plant for manufacture of Hydroquinone [HQNs].

- The Comp. is also engaged in executing turnkey jobs for setting up pesticide formulation units.

1992 - APL has entered into an agreement with Berol Nobel [a subsidiary of Nobel Industries, Swedens] to act as exclusive representatives for marketing their range of emulsifiers in India.

1993 - The Comp. public issue of 19,00,000 No. of Equity Shares of Rs.10/- each for cash at par, received overwhelming response from the investing public & the issue was oversubscribed by 5.5 times.

1995 - The Comp. has issued 6,00,000 No. of Equity Shares on private placement basis to Institutional Investors to meet the long term Working Capital requirements & backward integration projects of the Company.

1996-97 - NO NEWS

1998 - The Comp. is introducing two new formulations in the India Market namely, Chlorpyriphos 10% Granules & Chlorpyriphos 1.5% Dust.

1999 - The Comp. is introducing a new Insecticide & a new Herbicide, the process for which was developed by Company Research & Development Centre,

- The Comp. proposes to obtain ISO-14000 certification, once the ISO-9002 certification is obtained.

2000 - The Comp. has agreed to acquire upto 50% of equity share capital of Hibiscus Het Pvt. limited Hibicus Net Pvt. limited is engaged in the business of design & development of custom software, intranet application development, e-commerce etc.