CELEBRITY FASHIONS Share price

HISTORY AND OTHER CORPORATE MATTERSOVERVIEWOur Company was incorporated on April 28 1988 as Celebrity Fashions Private Limited under the Companies Act 1956. In the year 1998 our Company became a deemed public company under section 43A of the Companies Act 1956. Subsequent to the amendment to the Companies Act 1956 we reverted back to the status of a private limited company in the year 1999. In the year 2004 an application for the merger of group companies Celebrity Designs (India) Private Limited and Indian Terrain Clothing Private Limited was filed with the Honourable High Court of Madras and in October 2004 the companies got merged with effect from April 1 2003 vide court order dated October 14 2004. On April 012004 the manufacturing facility of Celebrity Connections a partnership firm was taken over by our Company with effect from March 31 2004. Our Company became a public limited company on September 12 2005 and subsequently our name changed to Celebrity Fashions LimitedThe key events in the business of our Company are as follows:Year Milestones Achieved1988-1989 Setup of first manufacturing facility at Mylapore Chennai Incorporation of Celebrity Fashions Private Limited1992-1993 Setup of second manufacturing facility at Velachery Chennai Setup of third manufacturing facility at Chrompet Chennai1997-1998 Setup of fourth manufacturing facility at Pallikaranai Chennai1999-2000 Setup of fifth manufacturing facility at Porur Chennai2000-2001 Launch of the Indian Terrain Brand Inauguration of Indian Terrain's first Showroom at Chennai Setup of sixth manufacturing facility at Thiruvencherry Chennai Setup of washing plant at Thiruvencherry Chennai Creation of a Design Studio in the Corporate Office. Chennai.2002-2003 Setup of seventh manufacturing facility at Porur Chennai2003-2004 Setup of separate warehouses one for trims and packing material and one for fabrics at Narayanapuram Chennai Shifting of Mylapore factory to Narayanapuram Chennai Take over of Garment manufacturing division of Celebrity Connection 2004-2005 Strategic Investment by Bennett Coleman & Co Limited (Times of India group) for funding advertisement expenditure of Indian Terrain. Merger of Indian Terrain Clothing Private Limited Celebrity Designs (India) Private Limited with Celebrity Fashions Private Limited vide Madras High Court Order dated October 14 2004. Acquisition of the manufacturing facilities land and building of Span Eicher Designs Limited Poonamallee Chennai.2005-2006 Investment by New Vernon Bharat Limited Mauritius Commencement of Construction of 1200 machines trouser an export oriented manufacturing plant with wrinkle free washing plant at the apparel park in SIPCOT Irunkattukottai (40 kms from Chennai). Conversion of Private Limited to Public Limited Company Investment by Reliance Capital Limited.