History of Uniphos Enterprises Ltd.

YEAR EVENTS 1969 - The Comp. was Established on 29th May, under the name & style of United Phosphorous Pvt. limited & was converted into a Limited Comp. on 3rd February, 1986 by issuing shares to the public. The Comp. is promoted by Mr. R.D. Shroff. The Company manufacture of red and white phosphorous, organic mercury compounds & pesticides.

- The Company main plant producing red phosphorous & other compounds is located at Vapi, & white phosphorous and phosphoric acid is located in the GIDC Industrial Estate at Ankleshwar in Gujarat State.

1979 - 15,000 bonus shares issued in prop. 1:1 during 1974.

1981 - With effect from 1st January, Shroffs Industrial Chemicals Pvt. limited was amalgamated with the Company.

1982 - 5,000 shares allotted without payment in cash to members of Shroffs Industrial Chemical Pvt. limited on its merger.

1984 - 15,000 shares issued at par.

1985 - Shares subdivided. 1,00,000 shares of Rs 10 each then issued at par.

1986 - With the public issue of equity shares during May, the Company also issued 2,50,000-13 1/2% secured redeemable convertible debentures of Rs 100 each. Out of this, the following debentures were reserved & allotted: [is] 12,500 debentures to employees [including Indian working directorss]/workers of Comp. [only 3,320 debentures taken ups] & [iiis] 5,000 debentures to business associates of Company.

- Another 1,00,000 debentures were reserved & allotted on a preferential basis to non-resident Indians with repatriation rights. The balance 1,32,500 debentures, along with unsubscribed portion of 9,180 debentures out of employees quota, were offered for public subscription.

- The convertible portion of Rs 30 per debenture was to be converted into 3 equity shares of Rs 10 each at par fully paid-up on 1st July, 1998.

- The non-convertible portion of Rs 70 per debenture is redeemable at par at the expiry of 7th, 8th & 9th years from the date of allotment by drawing lots. Accordingly 7,50,000 No. of equity shares were allotted in 1998-89. The Comp. issued equity shares & debentures to the public.

- 15,00,000 bonus shares issued in prop. 5:2 during March-April 7,00,000 shares then issued at par out of which the following shares were reserved & allotted on a preferential basis. 35,000 shares to the Company employees [including Indian working directors/workerss], 14,000 shares to business associates & 2,80,000 shares to non-resident Indians on a repatriation basis. The balance 3,71,000 shares were offered for public subscription during May 1986.

1990 - The Comp. privately placed with Canbank Mutual Fund 2,50,000-14% secured redeemable non-convertible debentures of Rs 10 each. These debentures are redeemable at a premium of 5% on 12th January, 1997.

1991 - The Comp. introduced a few new agro chemicals in the market.

- The Comp. undertook various new projects to increase the production capacity of some of its products. A new plant for the manufacture of monocrotophos & related pesticides was installed & commissioned for production. A new furnace for the manufacture of white phosphorus with a capacity of 2500 tonnes per annum was installed.

- The Comp. had set up a plant for manufacture of phenyl glycin chloride hydrochloride, a pharmaceutical inmediate.

1992 - The name of Comp. was changed to Uniphos Limited from November 25, 1992. Subsequently, the name of Comp. has been changed to United Phosphorus Limited from March 30, 1993.

- In July, the Comp. issued by private placement 5,00,000-18.5% secured redeemable non-convertible debentures of Rs 100 each. These debentures are redeemable at a premium of 5% on 27th July, 1999.

1993 - The Comp. was reported to have been permitted to manufacture phosgene & its derivatives in India.

- The Comp. issued 35,50,000-17% secured redeemable partly convertible debentures of Rs 200 each on rights basis in the proportion of 1 debenture: 2 equity shares held.

- Another 1,77,500-17% secured redeemable partly convertible debentures each were to be issued to employees & overseas corporate bodies on private placement basis.

- Part A of Rs 100 of each debenture was to be converted into 1 equity shares of Rs 10 each at a premium of Rs 90 per share on the date of allotment of debentures.

- Part B of Rs 100 of each debentures was to be redeemed at par in four equal instalments on the expiry of 6th, 7th, 8th & 9th years from the date of allotment.

1994 - The Comp. introduced Paraquat, a fourth generation herbicide. Also, a project to manufacture Mancozeb was a fungicide implemented in the Ankleshwar plant.

- As a part of backward integration, the Comp. commissioned a plant for manufacture of D V Ester an important raw material for manufacture of Cypermethrin Rorring export potential.

- During the year, as a part of forward integration programme, the Comp. undertook to instal a project to manufacture an important organo phosphorus insecticide based on an intermediate of the Company.

- The Comp. undertook programme for installation of new plants to manufacture new range of pesticides/intermediates having wide range of applications in paddy, tea, rubber etc.

- On 3rd January, promoters were issued 18,00,000 Warrants. These were converted into equity shares on exercising by warrantholder in March.

- Inventa Corporation, Search Chem Industries Ltd., Bio-Win Corporation Ltd., United Phosphorus [Zambias] Ltd., United Phosphorus [UKs] Ltd., are all subsidiaries of Company.

- 51,86,835 No. of equity shares representing GDRs issued.

1995 - The Comp. expanded the capacities of pesticides, Formulations & Aluminium phosphide. The Comp. launched two agrochemicals viz., Acephate & Phorate which has very good domestic and global demand.

- On 15th December, 1,22,87,135 bonus shares issued in prop. 1:1.

1996 - As a part of diversification activity, the Comp. undertook to set up a state of art integrated Caustic Chlorine plant & value added speciality chemical complex at Jhagadia, Gujarat.

- 200 bonus shares kept in abeyance were allotted. 200 shares allotted on conversion of 17% secured redeemable convertible debentures.

- Crisil has downgraded its rating assigned to the Rs 28-crore NCD programme from `A' to `BBB' & fixed deposit programme from `FA+' to `FA-'.

2001

-Demuric Holdings Pvt. limited intends to acquire 37,87,967 shares of Comp. inter se on or after 13th March at market price.

2003

-United Phosphorus acquires 25% stake in Midland Furnigant & 50% stake in Kaw valley.

-Acquires US chemicals giant Dow AgroSciences' oryzalin herbicide business, including the Surflan herbicide & all Surflan-based pre-mixes, globally for $21.3 million [Rs 100 crores].

-United Phosphorus enters into an agreement with M/s BASF, whereby the business of Aciflorfen compound will be acquired by company.

-United Phosphorus obtains exclusive marketing rights for a product from India Controller General of patents, & has become the first Comp. of its kind to receive the marketing right.

-Manufacturing division of United Phosphorus limited was transferred to Search Chem Industries limited & the name of Search Chem Industries limited was changed to United Phosphorus limited after the transfer of manufacturing division. The name of United Phosphorus limited was changed to Uniphos Enterprises limited after the transfer ot manufacturing division

-1. The following directors submitted their resignation from the company:

Dr P V Krishna Mr Kalyan Benerjee Dr Anil Bhatt Dr Reena Ramchandran

2. Shri M B Trivedi resigned as Comp. Secretary of company 3. Shri K M Thacker was appointed as Comp. Secretary of company.

-The Comp. got the Exclusive Marketing Rights for its fungicide brand 'SAAF'

2005

-The equity shares of Comp. voluntarily delisted from the Stock Exchange - Ahmedabad [ASEs] w.e.f. March 31, 2005.