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History of Doon Valley Rice Ltd.

Doon Valley Rice Limited [DVRLs] is an existing profit making entity engaged in the procurement, shelling, processing & marketing of Rice in the International Market. The Comp. has been engaged in this business under the name of Doon Valley Rice Limited [previously UCHANA RICE and GENERAL MILLS, Partnership Firms]. The Comp. was initially incorporated as a Partnership Firm on 5th December, 1979. On 8th November, 1994 it was reconstituted into a Public Limited Comp. under Part IX of Companies Act, 1956, as the then Partnership Firm had all the characteristics of Joint Stock Company.

The Comp. has not faced any labour problems or closure earlier. There are no pending litigations against any of Directors of Comp. in respect of tax liabilities or any criminal/civil prosecution for any offense except disputed purchase Tax Demand of Rs.27,56,725.87 by the excise & Taxation Department, Karnal, Haryana against the Company.

PRESENT BUSINESS

DVRL is presently engaged in the manufacturing & exporting of Rice Milling of Basmati/Non-Basmati Rice at its plant located at outside Jundla Gate, Karnal. The total Capacity of plant is 6 metric tonnes per hour.

2003 - The Comp. has become potential sick company, based on Audited Financial Results of Comp. financial results for year ended March 31, 2003.

2006

-Delists equity shares from Delhi, Ahmedabad & Jaipur Stock Exchanges with effect from January 02, 2006, February 27, 2006 & January 16, 2006 respectively.