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History of Hitkari Industries Ltd.

Hitkari Industries Ltd., was incorporated on 29th June' 1994 for setting up a project for manufacture of five layer coextruded multilayer packaging films.

During the period since incorporation, the Comp. is involved in implementing its project to manufacture five layer co-extruded multilayer packaging films with an installed capacity of 660 tpa at Parwanoo, Himachal Pradesh. The Comp. had approached IFCI in July'94 & a term loan of Rs 277 lacs was sanctioned in the month of September'94. The Comp. has placed orders for imported Plant and Machinery between September and November'94. In December 94, the Comp. acquired the leasehold rights of land from Himachal Ceramics Industries Pvt. limited [HCIPLs] & the civil work has already commenced. After extensive screening, the Comp. has also recruited the key management personnel in the month of November1994. The detailed schedule of implementation is elaborated elsewhere in the prospectus.

2003

-shareholders have approved to delist shares from all or any of Stock Exchanges at Delhi, Ludhiana & Calcutta.