History of Labh Construction and Industries Ltd.

M/s Labh Construction Limited [LABHs] was incorporated as a Private Limited Comp. on 18th January, 1989 in the State of Gujarat. The Comp. was subsequently converted into a Public Limited Comp. on 18th April, 199 vide the fresh Certificate of Incorporation obtained from the Registrar of Companies, Gujarat. The Comp. is the Flagship Comp. of the LABH group based at Ahmedabad & is engaged in the activities of real estate development & construction.

LABH group is one of leading groups in Ahmedabad engaged predominantly in construction activities, having successfully completed several prestigious residential/commercial schemes in & around Ahmedabad.

PROJECTS EXECUTED

Till the year 1992-93, various construction projects taken up by group were either in the name of Comp. or in the name of other Companies/firms of group. However, from 199-94, the group has consolidated all its projects in the name of Comp. 'LABH' only.

Thus the projects already executed by group can be divided into two categories

as] Projects completed by company, Labh Construction Ltd.

bs] Projects completed by other group concerns.

All the projects already executed are at prestigious locations, have unique architectural elements & have modern design & facilities incorporated with superior construction quality. The most important factor being, all the projects have been completed within stipulated time.

DETAILS OF PROJECTS EXECUTED BY LABH GROUP

Name of Name of No.of Project Area of Land Area of land Nature of Project Company/Firm Units Value Developed Construction Project [Rs.in Lacss] [In Sq.ft.s] [In Sq.fts]

SAMPATTI SHlLP CONSTRUCTION 40 204.0 17100 61200 Residential SAMRAJYA LABH ENTERPRISE 333 711.21 121221 361476 Residential SHETRUNJAY LABH ESTATE 168 493.46 56025 195804 Residential DEVELOPERS PVT. LTD. SWARG SAMPATTI BUILDERS 14 47.20 5400 12960 Residential SPRING VALLEY LABH BUILDERS 128 700.00 50094 204048 Residential PVT. LTD. SAMUDRA LABH ESTATE 15 491.85 11511 85970 Commercial ORGANISERS PVT. LTD. Sub Total [As] 8362647.75 261351 921450

DETAILS OF PROJECTS EXECUTED BY LABH CONSTRUCTION LIMITED

Name of No. of Project Area of LandArea of landNature of Project Units Value Developed ConstructionProject [Rs. in Lacss] [In Sq.ft.s][In Sq.ft.s]

SHANTANU 52 292.04 24939 81120 Partly Residential SURYARATH 72 237.85 18990 54305 Commercial SubTotal[Bs] 124 529.89 43929 135425 Grand Total [A+Bs]960 3177.64 305280 1056883

PROJECTS UNDER EXECUTION

As clarified earlier, since 199-94 all the projects are undertaken in the name of Comp. only. The details of projects under execution are given are below:

DETAILS OF THE PROJECTS UNDER EXECUTION

Name of No. of flats Project costDuration Month Area of land Area of Nature of project flats/shops/ [Rs in lacss] of of developed Construction Project Offices Project Commencementin sq.ft. in sq.ft.

SHAlL 62 170.00 18 MonthsJan. 1994 12366 34927 Residential

Sarjan -I&II 655 1974.46 30 MonthsSept. 1992 176436 626688 Residential

Srushti 351 201.65 - Oct. 1993 3105000 - Land

Development Samedh 80 518.6 21 Months Jan. 1994 20646 80410 Commercial

Shiromani I&II 184 1132.09 21Months May 1994 72315 253597 Residential/

Commercial Shitiratna 106 474.57 21 Months May 199422446 78936 CommercialSaffron 7 324.00 24 Months Dec 199217415 77100 CommercialShilalekh 540 4382.00 24 Months Nov 1994 320616 986040 Residential TOTAL 9177.40 3747240 2137698

OTHER ACTIVITIES OF THE COMPANY

Apart from the construction activities, the Comp. also has a quarry division where stone aggregates are produced & are used for captive consumption at various projects of Company.

The Comp. has also recently acquired development rights from five quarry lessors for a period of 5 years for mining of granite slabs. The Comp. intends to sell unfinished granite blocks either locally or in the export market.