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History of Digjam Ltd.

YEAR EVENTS 1986 - VXL Instruments started as a partnership firm in 1976, was incorporated as a Private Limited Comp. on 28th February, as per the a Public Limited Comp. on 24th June, 1993 & the revised Certificate of Incorporation obtained from the Registrar of Companies, Karnataka on 2nd November, 1993.

- The initial products manufctured were micro-processor based data acquisition & control systems. In 1983, VXL Instruments introduced VM-15A, a computer terminal based on ISO standard, the market response to which led the Comp. to switch to manufacture of terminals.

- The Comp. was promoted initially by a team of 3 technocrats viz Mr. A.V. Kasargod, Mr. M.V. Nagaraj & Mr. J.R. Mundkur in 1976, to be joined by Mr. Kumar Shyam & Mr. M.V. Shetty, who joined as partners in 1981 & 1982 respectively.

1994 - During the year the Comp. issued bonus shares in the ratio of 3 for every 5 shares held.

- The Comp. came out with its maiden Public Issue of 11,70,000 No. of Equity Shares of Rs.10/- each for cash at a premium of Rs.60/- per share aggregating Rs.819 lakhs in February.

- The scheme of amalgamation of Electronic Weighing & Level Controls Private Limited with the Comp. was approved by the Hon'ble High Court of Karnataka, Bangalore by its orders dated 22nd April, 1994.

1995 - The Comp. intends to set up a 100% export unit under the EHTP scheme at Veerasandra, about a km from the present plant. The combined production capacity is proposed to be raised to 80,000 Terminals & 90,000 Monitors by 1995 & 120,000 Terminals and 90,000 Monitors by 1996.

- The Company subsidiaries are XLnet Software Systems limited and VXL Instruments Limited U.K.

- The Comp. has tied up with Stallion Technologies of Australia, for distribution of latter products in India.

- The Comp. has introduced in-house training programmes, on a continuing basis to train its managers on the skills required to manage in an increasingly competitive an complex business environment. 1996 - The Comp. has introduced a LAN station, in monochrome and colour versions, to fulfil the need for a cost effective solution for growing networking market in India.

1997 - The Comp. received an award from the Export Promotion Council for `Outstanding Export'.

- The Comp. received ISO 9000 certification for its export factory, from the Under writers' Laboratory, US.

- VXL Instruments has launched Winlinx, a thin network computing client.

1998 - The Comp. is working on developing a family of Winlinx WINDOWS NT terminals to cater to a host of possible applications.

1999 - The Comp. has started a Business Applications Software Division in January. This Division will specialise in Web based total solutions for Supply Chain Management.

- The Comp. holds 108,000 Equity Shares of GBP 1 each, fully paid-up, amounting to Rs. 5,169,261/- in the share capital of its subsidiary.

- Xlnet Software Systems Ltd, a 100 per cent subsidiary of VXL, has posted a profit for first time, in the last fiscal.

- The Comp. has developed new products like Xica - a gateway server, & Xica 70 - a PDC server.

2000 - On 28th March, there was a fire accident in company 100 per cent export factory at Bangalore.

- VXL Instruments has launched Saral Kot, a solution for hotels and restaurants with features such as kitchen order tickets, screen-based or printed report generation & flash-based memory that is field upgradeable.

- The Comp. has informed that, MoU signed between compay & Optima Computer Technology Austrialia [OCTAs] regarding joint venture.

- VXL & OCTA shall incorporate a new JV Comp. in Australia.

- VXL Instruments Ltd, has entered into a joint venture agreement with the Australian Optima Computer Technology.

2002

-VXL Instruments Ltd has informed the Board of Directors appointed the following Directors:1. Mr Dipak Rao -- appointed as a Director & Chairman of Company. 2. Mr J R Mundkar rejoins the Board as Director. Mrs Laxmi J Mundkar ceased to be Director of Company.

2004

-Launches Itona TC, a thin client device for corporate networks

-VXL Instruments Ltd has informed that Mr. M.V. Nagaraj is appointed as Managing Director w. e. f. July 30, 2004 subject to requisite approval