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History of Hester Biosciences Ltd.

YEAR EVENTS 1987 - The Comp. was incorporated in 29th April as a Private Limited Company. It was subsequently coverted into a Public Limited Comp. on 1st November 1993.

- Hester Pharmaceuticals Limited is an existing porfit amking Comp. engaged in the business of marketing & distribution of veterinary & pharmaceutical products viz, Animal Health prdoducts, Poultry Vaccines, Poultry Diagnostic, Laboratory Kits & Reagents.

- HPL represents many international companies for marketing veterinary products. Some of these companies are GHEN CORPORATION, JAPAN for animal & agro based products, MARINE BIOLOGICAL LABORATORIES, USA for poultry vaccines, IDEXX CORPORATION, USA for Laboratory Kits and Reagents, INTERNATIONAL DIAGNOSTIC SYSTEMS CORPORATION, USA for animal kits for detection of drug abuse, BIOGALGALTED LABORATORIES, ISRAEL for Poultry Diagnostic Kits and KEMIN EUROPA, BELGIUM for feed Additives & Disinfectants.

- The Comp. has been promoted by Mr. Rajiv D. Gandhi, his brother Mr. Sanjiv D. Gandhi & Dr. Bhupendra V. Gandhi.

1994 - The Comp. came out with a Public Issue of 21,40,000 No. of equity shares of Rs. 10/- each for cash at par aggregating, Rs. 214.00 lacs on the 17th August to part finance the company project to manufacture poultry vaccines, to enlist the shares of company on the stock exchanges at Ahmedabad, Bombay & to meet the expenses of Issue.

1997 - The Comp. has created an excellent manufacturing facility to produce Animal Vaccines.

1999 - Mr. Vinod Agarwala, Director, resigned from the Board, due to personal reasons. Mr. A.C. Patel was appointed as a Nominee Director of Gujarat Industrial Investment Corporation Limited in place of Mr. C.R. Damani. Mr. Ravin Gandhi & Ms. Bela Gandhi have been appointed as additional Directors in the Company.

2000 - Ahmedabad-based Hester Pharmaceuticals limited an Indo-american joint venture Comp. manufacturing the largest range of poultry vaccines in India has entered into a contract manufacturing agreement with the Tokyo-based Sinsui Inc.

2004

- delisted from Ahmedabad Stock Exchange wef October 15, 2004.