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History of Astral Poly Technik Ltd.

Our Comp. was incorporated on March 25, 1996 as ASTRAL POLY TECHNIK PRIVATE LIMITED, under the Companies Act, 1956, with the Registration Number 04-29134. The name of our Comp. was changed to ASTRAL POLY TECHNIK LIMITED vide fresh Certificate of Incorporation dated September 29, 2006 with Comp. Identification Number U25200GJ1996PLC029134.

Our Registered Office is situated at 901, Parshwa Towers, Opp. Rajpath Club, Sarkhej-Gandhinagar Highway, Ahmedabad- 380 054.

Business Overview

We are a manufacturer & provider of CPVC piping & plumbing systems in India since 1999. We are the first licensee of Noveon, USA [formerly known as Specialty Chemical Divison of B.F Goodrich, USAs] to manufacture & market CPVC piping & plumbing system in India. In order to strengthen our business plans, we entered into a techno-financial joint venture with Specialty Process LLC of USA, which provided us the required technical expertise for manufacturing our CPVC pipes & fittings for home & industrial application. Over the years, we have expanded & enhanced our product lines to provide continually improved services to our customers. As a manufacturer of CPVC pipes & fittings for hot and cold water, industrial & pressure systems application, we had introduced a new product range in lead free PVC pressure pipes & fittings in the year 2004. With a concept of providing a one-stop source for all the plastic piping systems, we also began trading in products such as CPVC & PVC fittings, flanges & valves from Spears [USAs], solvent cements [adhesive solutionss] for joining pipes and fittings from IPSC [USAs], underground specialty fittings from Hunter [U.Ks] and CPVC & PVC plastic pipes of larger diameter from Harvell Inc. [USAs]

Our Comp. has its production facilities at Gujarat & Himachal Pradesh to manufacture plumbing systems from �' to 8' diameter. Our products include CPVC pipes & fittings for hot & cold water plumbing systems, CPVC industrial piping system for transportation of hazardous & highly corrosive chemicals, lead free PVC systems for cold water application.

Innovative product designs & improvements, new technologies, & a fully integrated manufacturing system are all a part of ASTRAL ongoing commitment to quality, satisfaction & service.

Our Comp. has received an ISO 9001:2000 certificate in respect of manufacture and supply of CPVC & PVC pipes & fittings for plumbing systems & industrial piping system. The raw material used by us for manufacturing CPVC products is certified by National Sanitary Foundation [NSFs].

Our business has grown at CAGR of 45.17% over a period of 5 years from 2002 to 2006 as reflected in the turnover for year 2006 which was Rs.5165.38 Lacs as compared to Rs.801.42 Lacs in the year 2002. Our Comp. enjoys countrywide presence through its extensive distribution network comprising of more than 120 Distributors & 2000+ retail outlets. The products of our Comp. are very well accepted in all parts of country though southern & Western India contributes to more than 75% of its business.

Major events in the History of Company:

Year Event

1996 Incorporation

1995 Entered into a joint venture with Specialty Process LLC, by signing an agreement for equity & technical collaboration Entered into the Corzan Processor Agreement with B.F. Goodrich Co., USA 1998 Entered into the FlowGuard CPVC Processor Agreement with B.F. Goodrich Co., USA Launching CPVC in the Indian market Commenced production of FlowGuard CPVC products 1999 Entered into the Technology License Agreement in continuation of CPVC Processor Agreement with B.F. Goodrich Co., USA 2001 Commenced manufacturing of CPVC fittings Expansion of manufacturing facilities at Santej, Gujarat 2002 Setting up of branch offices at Delhi & Mumbai & a sales depot at Bangalore 2003 Received ISO 9001: 2000 Certification Commenced manufacturing of lead free PVC piping systems in India 2004 Commenced export sales Revalued land & plant & machinery 2005 Setting up our second manufacturing facility at Baddi, Himachal Pradesh 2006 Received an award from Noveon for crossing the mark of 1,000 M.T. CPVC consumption Entered into the BlazeMaster Processor Agreement with Noveon Received an award from Noveon for being nominated as their first licensees for all their brands viz. FlowGuard, Corzan & BlazeMaster Conversion to a public limited company

2008- Astral Poly Technik Ltd has entered into the Joint Venture Agreement with Kenya Based Group. The proposed new Comp. will be formed under the name of 'Astral Technologies Ltd' in which Astral Poly Technik Ltd has the stake of 26%.