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History of Tulsi Extrusions Ltd.

Our Comp. was incorporated as a private limited company in the name of 'Tulsi Extrusions Private Limited' on September 16, 1994. In the year 1995, Tulsi Extrusions Private Limited was converted in to a public limited Comp. with effect from June 5, 1995 under the name of 'Tulsi Extrusions Limited'.

In the fiscal year 1994-95, we initiated setting up of our first manufacturing unit at Jalgaon. The unit commenced commercial production in the fiscal year 1995-96 for manufacture of various types of PVC pipes and fabricated fittings.Our Comp. purchased its first machinery in the fiscal year 1995-96 with an installed capacity of 1,440 metric tonnes.Subsequently in the fiscal year 1996-97, machinery was purchased & the installed capacity increased to 3,000 metric tonnes. In the fiscal year 2005-06, our Comp. had taken over the specified assets & liabilities of M/s. Tulsi Pipe Industries [a partnership firms] with an objective to consolidate our business operations. With the takeover, our total installed capacity increased to 6,000 metric tonnes. In the fiscal year 2006-07, additional machinery was added for ASTM plumbing pipes which broadened our product portfolio. Further, we have also procured one elastomeric sealing machine alongwith mandrels enabling us to manufacture elastomeric sealing pipes. During the said year, considering the growing demand of PVC pipes & further consolidate our business operations, our Comp. had decided to takeover the specified assets & liabilities of Gopal Extrusions Private Limited & Narvada Industries [proprietary concern of Promoter, Mr. Pradip Mundhras] located at MIDC, Jalgaon, Maharashtra. By virtue of this takeover, the total installed capacity as on March 31, 2007 is now 10,483 metric tonnes for PVC pipes and fabricated fittings. The manufacturing facilities taken over from Gopal Extrusions Private Limited & Narvada Industries were competent to manufacture LLDPE pipes, HDPE pipes & PVC fabricated fittings

Pursuant to take-over of M/s. Tulsi Pipe Industries, Narvada Industries & Gopal Extrusions Private Limited, our Company manufacturing facilities are being operated at three different locations in MIDC, Jalgaon, Maharashtra.

On December 6, 1995 Unit i of our Comp. was registered as a Small Scale Industrial unit with Directorate of Industries, Government of Maharashtra, since our investment in plant & machinery did not exceeded the specified limit. Our Company Small Scale Industrial Unit status will change after the proposed investment in plant and machinery, above Rs. 500 lakhs. Our Comp. will become a medium scale industrial unit after the proposed investment. However, our Comp. doesn't currently manufacture any items exclusively reserved for small scale sector.

We presently manufacture Rigid PVC pipes, HDPE pipes, SWR pipes & fittings, PVC casing & screen pipes, ASTM plumbing pipes, LLDPE pipes, elastomeric sealing pipes & fabricated fittings for multiple uses under the brand name 'Tulsi'. The marketing activities of our Comp. are spread over the States of Maharashtra, Madhya Pradesh,Chattishgarh, West Bengal & Rajasthan. Initially the pipes were used for agricultural purposes but now it has been extended to various sectors such as potable water supply schemes, sewerage & drainage systems. Our Quality management systems are accredited with ISO 9001:2000 certification. Our quality control laboratory is equipped with range of testing facilities.

MAJOR EVENTS OF OUR COMPANY

Period Event

September 1994 Incorporation of Tulsi Extrusions Private Limited

September 1995 Commenced setting up of manufacturing facility at Jalgaon,Maharashtra

June 1995 Conversion of Tulsi Extrusions Private Limited into Tulsi Extrusions Limited, a public limited company

October 1995 Start of commercial production of PVC pipes & fittings

July1996 Obtained ISI License for PVC pipes

May 2002 Received ISO 9001:2000 for our Quality Management Systems

December 2005 Takeover of specified assets and liabilities of M/s.Tulsi Pipe Industries

January 2007 Takeover of specified assets and liabilities of Narvada Industries

January 2007 Takeover of specified assets and liabilities of Gopal Extrusions Private Limite