LOVABLE LINGERIE Share price

Our Company was originally incorporated as Hybo Knit Private Limited on September 29 1987. The name of our Company was subsequently changed to Lovable Lingerie Private Limited by a special resolution passed at the EGM of our Company held on November 30 1995.The fresh certificate of incorporation consequent on change of name was granted by the RoC to our Company on December 20 1995. Our Company was converted into a public limited company pursuant to the special resolution passed by the members of our Company on February 8 2010 and fresh certificate of name change consequent upon conversion of our Company from a private limited company to a public limited company issued by the RoC on April 19 2010 with the name Lovable Lingeries Limited. Further upon ceasing to be a private limited company the word private was deleted through a special resolution at the EGM of our Company held on February 8 2010. Our Company has filed an application with the RoC dated August 21 2010 for rectification of our Company?s name from "Lovable Lingeries Limited" to "Lovable Lingerie Limited".The corporate identification number of our Company is U17110MH1987PLC044835. On December 26 1995 our Company was licensed the brand "Lovable" from Lovable World Trading Company USA. Subsequently by an agreement dated December 23 2000 our Company acquired the brand "Lovable" from Lovable World Trading Company USA on an exclusive basis for the territories of India Nepal Sikkim and Bhutan. The innerwear products manufactured under the brand "Lovable" cater to the premium segment market in India. "Lovable" and "Daisy Dee" are our flagship brands. As part of our growth strategy we have diversified our portfolio of brands and acquired brands like "Daisy Dee" from Maxwell Industries Limited through a memorandum of understanding dated March 18 2004 to cater the mid segment market in India and also acquired the brand "College Style" from Levitus Trading Limited Hong Kong through a deed of assignment dated March 17 2009 to cater to the young segment of India. Major Events 1987Incorporated as Hybo Knit Private Limited 1995 Entered into a license agreement with Lovable World Trading Co Inc. (United States of America) dated December 26 1995 whereby our Company was given a non-transferable non-assignable exclusive license to use the trademarks ?Lovable? and ?Celebrity? within the territories of India Nepal Sikkim and Bhutan for manufacture and/or distribution and/or sale of all women?s garments including undergarments.The name of our Company was changed from Hybo Knit Private Limited to Lovable Lingerie Private Limited. Commenced commercial operations by setting up a manufacturing unit in Bengaluru with an installed capacity of 70000 pieces per annum. 2000 Our Company entered into an agreement with Lovable World Trading Co Inc. (United States of America) on December 23 2000 to acquire the ownership of the brands ?Lovable? and ?Celebrity?. 2002 Our Company entered into a memorandum of understanding with Vanity Fair Inc to acquire the license for the brand ?Vanity Fair? with effect from July 2002. 2004Our Company entered into a memorandum of understanding dated March 18 2004 with Maxwell Industries Limited to acquire the brand ?Daisy Dee? with effect from April 01 2004. 2005 Our total installed capacity increased from 26 lac pieces in 2004 to 50 lac pieces in 2005. 2006 Our Management approved the scheme of amalgamation with Maxwell Industries Limited Our total installed capacity increased from 50 lac pieces per annum in 2005 to 60 lac pieces per annum in 2006. 2007 Our Management withdrew the scheme of amalgamation with Maxwell Industries Limited Our Company discontinued manufacture of products under the ?Vanity Fair? brand. 2009 Our Company entered into deed of assignment dated March 17 2009 with Levitus Trading Limited (Hong Kong) to acquire the trademark ?College Style?. 2010 Our Conversion of the Company from a private limited company to a public limited company. Our Company established another manufacturing unit in Roorkee Uttarakhand which began commercial operations in February 2010. Our Company entered into a joint venture agreement dated July 15 2010 with Lifestyle Galleries of London Limited (UK). Our total installed capacity increased from 60 lac pieces per annum to 67.50 lac pieces per annum.