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History of Ras Extrustions Ltd.

YEAR EVENTS 1988 - The Comp. was Incorporated on 7th March. The Comp. was Promoted by Ambarish H. Kaji & his associates. The main object of Comp. is to Manufacture Aseptic packaging material [printed & unprinteds] & Aseptic packaging aluminium foil based material & laminates by extrusion lamination process under the brand name RAS.

1992 - However, the Comp. incurred loss due to the rejection from customers & others internal problems.

- 22,00,000 No. of equity shares of Rs.10 each, issued, subcribed & paid up. 34,50,000 No. of equity shares of Rs.10 each were issued at par in october as follows:

- [is] On firm allotment basis 4,50,000 shares to promoters/Indian residents directors etc.

- [iis] 3,50,000 shares to Dr. Vikram H. Kaji, a NRI promoter;

- [iiis] 2,50,000 shares to UTI jointly with Technology Development & Information of India Ltd.

- [ivs] 2,50,000 shares to ICICI of remaining following are reserved for allotted on a preferential basis: [is] 1,07,500 shares to employees [only 54,000 shares oversubscriptions]. [iis] 8,11,000 shares to NRIs [all were taken ups]. Balance 12,31,500 shares along with unsubscribed portion of 53,500 shares of employees quota issued to public [all were taken ups].

1994 - 31,50,000 No. of equity shares of Rs.10 each allotted to directors, their friends on private placement basis.

2002-Sameer A Kaji resigns as M D of Ras Extrusions.

2003 - Shareholders approved the delisting its equity shares from Ahmedabad, Kolkata and Pune Stock Exchanges.