Our group, the Gokaldas Exports group, was set up 25 years ago by the late Shri Jhamandas H.Hinduja. At that time our group expanded through partnership firms. The prevailing regulatory environment, labour laws and reservation for small scale industries made it conducive for growth through forming partnership firms. As a result, starting from 80's till the second half of 90's we set up the following partnership firms in order to expand ourselves. Sr. No. Name of the partnership firm Date of Incorporation 1. Gokaldas Exports* November 8, 1978 2. Global Garments October 30, 1986 3. The Unique Creations** August 26, 1987 4. The Central Wearhouse April 1, 1992 5. Hinduja Fashions April 1, 1992 6. Hinduja Trading Company April 1, 1992 7. Asiatic Exports August 1, 1992 8. The Intex August 1, 1992 9. New Generation Apparels February 16, 1994 10. J D Clothing Company April 25, 1994 11. Euro Clothing Company September 5, 1994 12. Sunshine Enterprises April 1, 1996 13. Carnival Clothing Company April 13, 1996 14. Hinduja Sports Wear April 13, 1996 15. International Clothing Company April 13, 1996 16. Wear Craft Apparels April 13, 1996 17. Gokaldas India February 1, 2000 * Subsequently, The partnership firm Gokaldas Exports was converted into a private limited company on April 3, 1995 ** The partnership firm `The Unique Creations' was converted into a private limited company The Unique Creations (Bangalore) Private Limited on April 3, 1995 During 2003-04, we could forsee an opportunity for us with the impending removal of quota restriction from January 1, 2005. In order to capitalize on this opportunity we initiated corporatising our group. The process got momentum in 2004 and today we have corporatised our entire apparel manufacturing business and brought under one company Gokaldas Exports Limited either directly or through its subsidiaries. The above-mentioned transformation happened in three phases: Phase 1 a. The Partnership firm `Gokaldas India' was converted into a private limited company, Gokaldas Indian (Private) Limited, on March 1, 2004. b. Gokaldas Exports (Private) Limited and The Unique Creations (Private) Limited were merged with Gokaldas India (Private) Limited vide an order dated November 20, 2004 by the honourable Highcourt of Karnataka. As per the said order, the merger came into effect from April 1, 2004. Subsequently, the name of Gokaldas India (Private) Limited was changed to Gokaldas Exports (Private) Limited with effect from December 14,2004. Subsequently, our company i.e Gokaldas Exports (Private) Limited was changed to a Public Limited Company with effect from January 7, 2005. Phase 2 When the above-mentioned process of merger was going on, we were also taking steps parallely in order to transfer the entire apparel manufacturing business of our other partnership firms to various corporate entities owned by our promoters in the following way: a. Our promoters first incorporated twelve new companies as given in the following table: Sr No. Name of the subsidiary Date of Incorporation 1 Deejay Trading (P) Ltd February 21,2003 2 Magenta Trading (P) Ltd February 27,2003 3 Reflexion Trading (P) Ltd March 7,2003 4 Rafter Trading (P) Ltd March 7,2003 5 Madhin Trading (P) Ltd February 27,2003 6 Rishikesh Apparels (P) Ltd April 15,2004 7 Vignesh Apparels (P) Ltd April 15,2004 8 Rajdin Apparels (P) Ltd May 7,2004 9 All Colour Garments (P) Ltd June 1,2004 10 Glamourwear Apparels (P) Ltd June 17,2004 11 Seven Hills Clothing (P) Ltd June 18,2004 12 SNS Clothing (P) Ltd August 9,2004 b. Subsequently the business of the various partnership firms were transferred to the above-mentioned companies. Brief details of the transfer are given in the following table: Sr. Transferee Company Transferor No. Partnership firm 1 Deejay Trading (P) Wearcraft Limited Apparels 2 Magenta Trading International (P) Ltd Clothing Company 3 Rafter Trading (P) Ltd Hinduja Sportswear 4 Madhin Trading (P) Carnival Clothing Ltd Company 5 Rishikesh Apparels Global Garments (P) Ltd 6 Vignesh New/Generation (P) Ltd Apparels Asiatic Exports 7 Rajdin Apparels Hinduja Trading (P) Ltd Company 8 All Colour Garments Hinduja Fashions (P) Ltd 9 Glamourwear JD Clothing Co. Apparels (P) Ltd The Intex 10 Seven Hills Clothing Sunshine (P) Ltd Enterprises Euro Clothing Company 11 SNS Clothing (P) Ltd The Central Wearhouse Sr. Date of No. of Details of the factories No. Business Factories transferred Transfer tranferred Agreement 1. September 30, 3 Wearcraft Apparels unit I, II & 111 2004 2. September 30, 3 International Clothing Company 2004 Unit I, II & III 3. September 30, 2 Hinduja Sportswear unit 16 II 2004 4. September 30, 3 Carnival Clothing Company unit I, II 2004 & III 5. September 30, 2 Global Garments II & III 2004 6. September 30, 2 New Generation Apparels 2004 unit I & II September 30, 1 Asiatic Exports 2004 7. September 30, 3 Venkateshwara Clothing Company, 2004 Lucky Tex Unit I & III 8. September 30, 3 Hinduja Fashions & Balaji Finishing 2004 House unit I & II 9. September 30, 3 J.D.Clothing Company, Unit I, II & III 2004 September 30, 4 The Intex Unit I, I, III & IV 2004 10. September 30, 3 Triangle Apparels 2004 Unit I, II & III,) September 30, 3 Euro Clothing Company unit I, II & III 2004 11. September 30, 3 Wear Wel unit I, II & III 2004 Total 38 Phase 3 Subsequently, we, Gokaldas Exports Limited acquired all of the above-mentioned tweleve (12) companies from our promoters by paying consideration in cash and thus made those tweleve companies our subsidiaries. As on today we have licenses for 5 factories in our own name and license of 38 factories in the name of our subsidiaries. 2005 -Gokaldas Exports (P) Ltd has announced the entering of capital market with an initial public offering of 31.25 lakh equity shares of face value Rs 10 each. The IPO will be priced at Rs 375-425 a share through a 100-per cent book-building route. The offer will open on March 30 and close on April 6. 18.75 lakh shares or 60 per cent of the equity shares will be issued on a discretionary basis to qualified institutional buyers. Another 15 per cent (4.68 lakh shares) will be allocated to wholesale bidders and not less than 25 per cent to retail bidders. -Gokaldas public issue oversold 42 times -Shares of Gokaldas Exports made debut on the BSE at Rs 566 on April 27, 2005, a premium of 33.18 per cent to the issue price of Rs 425. 2006 -Gokaldas Exports Limited has appointed Mr. L. Nandalal as Compliance Officer of the Company. 2007 - The Company has splits its face value from Rs.10/- to Rs.5/-. 2008 -Gokaldas Exports Ltd has appointed Mr. Prince Asirvatham as Chairman of the Audit Committee of Directors of the company. - Gokaldas Exports Ltd has appointed Mr. Ranjan Pant as additional Director. Mr. Ranjan Pant will act as an Independent Director of the Company. 2009 - Gokaldas Exports Ltd has informed that Mr. M Rangachari and Mr. Partha Sarkar are appointed as Additional Director (Independent Director) vide Circular Resolution. 2011 -The Board of Directors appointed Mr. Richard B Saldanha as Non Executive Chairman of the Company. 2013 - Dr. Yashwantrao Shankarrao Patil Thorat as an Independent Director on the Board of the Company. 2014 -Gokaldas Exports Ltd has allotted 178333 equity shares of the face value of Rs. 5/- each in accordance with the terms of Employees Stock Options Schemes. 2023 -'Commencement of commercial production by the wholly owned subsidiary'.