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History of Dai Ichi Karkaria Ltd.

Dai-Ichi Karkare Limited [DIKLs] was set up in 1960 as a private limited Comp. for manufacture of speciality chemicals. The Comp. entered into technical collaboration with the internationally known speciality chemicals manufacturer Dai-Ichi Kogyo Seiyaku Co. Limited of Kyoto, Japan [DKSs] & commenced commercial production in 1963. The Company plant is located at Kasarwadi, Pune. Speciality chemicals belong to a class of products which are tailor made & function specific. These Chemicals find use in a wide range of industries. The Comp. was the first Comp. in the country to produce ethylene oxide derived sunfactants & has pioneered development of wide range of speciality chemicals such as viscose modifiers for yarn, pour point depressant for transportation of crude oil & several other speciality high value added products. For its import substitution work the Comp. was awarded a certificate of merit by Industrial Research Development Corporation in 1973 & by Indian Merchants Chamber in 1984 for original research in the vital area of oil field chemicals. Over the years, the Comp. has carved a niche as one of leading speciality chemical manufacturers in India. The product range of Comp. has grown in line with the changing needs of Indian process industry. The Company reliance on advanced chemical technology & engineering has led to the creation of highly sophisticated & automated plant that has the versatility to manufacture different products under greatly varying conditions for highly diversified industries. Today the Company clientele includes most of best names amongst the Indian corporates. With a view to strengthen ifs relationship with the Company, OKS is investing in 165000 shares of Rs.10/- each of Comp. at a premium of Rs.90/- per share.

In addition, the Comp. through its joint venture subsidiary Comp. has collaborated with a Fortune 500 Comp. viz. Baker Hughes Inc., which is a giant US based conglomerate in the oil field chemicals & services sector. The Indian joint venture sources several sophisticated intermediary products from the Company. This has not only enhanced the range of Comp. products but has also provided the Indian oil industry with the latest technology in oil field chemicals.

2002-Members of exchange are hereby informed that Dai-ichi Karkaria Ltd has forfeited 5,11,000 equity shares due to non-payment of allotment /call monies.

-Kishor Baxi designated as Compliance Officer of Dai Ichi Karkaria.

2005

-Dai-Ichi Karkaria signs MoU with GVK Biosciences on May 10, 2005