Milestones

Incorporation in Name of “ MOHIT FIBRES PRIVATE LIMITED”.

Conversion into Public Company in Name of “MOHIT FIBRES LIMITED”.

Annual Sale of Rs 1314.84 Lacs.

Initial Public offer of Rs 322.50 Lacs.

Listing of equity shares of the company in Bombay Stock Exchange Limited.

Turnover exceeds Rs 2700 Lacs.

Name Change from “MOHIT FIBRES LIMITED” to “MOHIT INDUSTRIES LIMITED”.

Turnover raised to Rs 3900 Lacs from Rs.

2700 Lacs.

Profit after Tax exceeds to Rs 65 Lacs from 10 Lacs.

Company declared 10% Interim Dividend & 2% Final Dividend during the year.

Right issue of Equity Shares of Rs 1373 Lacs (see Mohit Industries rights issue details).

Remarkable achievement in sales with 100 % growth from last year.

During the year Turnover Increased to Rs 7595 Lacs from 3900 Lacs.

Profit after tax crossed to Rs 116.08 Lacs from Rs 65 lacs.

Declared 12% Interim Dividend During the year.

Turnover crossed to Rs 12000 Lacs and profit Rs 252 Lacs.

Planning for Diversification into new Product in India i.e.

aerated autoclave Blocks).

Implementation of a new AAC (Autoclaved Aerated Concrete) Blocks project with an investment of Rs 15 Crores, having a production capacity of 1 Lakh m³ per annum, in Palghar.

Installation of 4 texturising machines in Kim, increasing the total to 14 texturising machines, 144 looms, 100 shuttleless water jet looms, and 17 TFO machines, with a production capacity of 18,000 MT of Texturised Yarn and 8 million metres of Art Silk Cloth.

Issue of Convertible warrants on preferential basis of Rs 562.5 Lacs.

Entrance into export of DTY yarn to various countries like South Africa, Brazil, Thailand, Peru, Algeria, Vietnam etc.

Starting Gas based Captive Power Plant at Kim unit.

Declared 9 % Final Dividend during the year.

Turnover increased more than 14000 Lacs and profit to Rs 276 Lacs.

Tremendous growth in Export Earning of Rs 1900 Lacs.

Declared 15 % Final Dividend during the year.

Sale of AAC Block Plant to Biltech Building Elements Limited (A Thapar Group Company) for an extraordinary profit.

Turnover crossed to Rs 17600 Lacs and Profit after tax reached to Rs 1370 Lacs due to sale of AAC plant at Palghar.

Export Earnings increased to Rs 3908 Lacs.

Declared 15 % Final Dividend during the year.

Awarded by Government approved “Export House Status”.

Turnover increased to Rs 19668 Lacs.

Implementation of New Plant of AAC (Autoclave Aerated Concrete) Block at Umargaon with Production capacity of 3 lacs m 3 per annum at Investment cost of Rs 38 Crores.

Marketing of AAC Blocks in Brand name of “NXTBLOC”.

Listing at National Stock Exchange of India (NSE).

Turnover Increased to Rs 22509 Lacs.

Gross export sales recorded at Rs 4400 Lacs.

Installation of 2 new texturising machines and 50 high-speed shuttleless water jet looms in Kim, increasing the total to 16 texturising machines, 150 shuttleless water jet looms, 144 conventional shuttle looms, and 17 TFO machines, with a production capacity of 21,000 MT of Texturised Yarn and 12 million metres of grey fabric.

ISO 9001:2008 Certification.

Export sales recorded at Rs.

8,800 Lakhs.

Demerger of AAC Block Division at Umargaon to Bigbloc Construction Ltd.