- The Company set up a polyester yarn texturising plant at Kadi in Mehsana district of Gujarat. The plant was commissioned in February 1986 and the products are marketed under the brand name Unipon.

- The Company's object is to manufacture twisted and texturised polyester yarn.

1987 - The Company embarked on an expansion-cum-diversification programme comprising the installation of one texturising plant with 216 spindles one high speed zero warp sizing plant and four fancy yarn twisters near Silvassa in the Union territory of Dadra and Nagar Haveli. After acquiring land admeasuring 3 000 square metres a Draw texturising plant was installed. This plant was commissioned in January 1989.

- After examining the then existing market conditions and profitability of establishing various plants the company decided to instal one draw twisting plant and one more texturising plant at Silvassa and one yarn dyeing plant at Kadi.

- 40 000 No. of equity shares of Rs.100 each issued subscribed and paid-up inclusive of 6 000 No. of equity shares of Rs.100 each issued pursuant to variation of rights attached to 11% redeemable cumulative preference shares.

1988 - Simultaneously with the public issue in November the company issued 1 60 000 - 14% secured convertible debentures of Rs.175 each out of which the following debentures were reserved for preferential allotment:

- (i) 8 000 debentures to the employees Indian working directors and workers of the company (None were taken up) and

- (ii) 80 000 debentures to Canbank Mutual Fund (all were taken up). - The remaining 72 000 debentures along with 8 000 debentures not taken up by employees were offered for public subscription. Additional 24 000 debentures were allotted to retain over subscription.

- Rs.75 of each debenture will be converted into five equity shares of Rs.10 each at a prem. of Rs.5 per share at the end of six months from the date of allotment of the debentures. The remaining Rs.100 of each debenture will be redeemed at par in three annual instalments on the expiry of 6th 7th and 8th year from the date of allotment.

- The Company issued 28 10 000 No. of equity shares of Rs.10 each at a prem. of Rs.10 per share on rights basis in the prop. of 1:1 All were taken up.

- Another 1 40 500 No. of equity shares of Rs.10 each at a prem. of Rs.10 per share were offered to the employees of the company on an equitable basis. None were taken up.

- Equity shares subdivided 4 00 000 bonus equity shares issued in prop. 1:1 on 12th August. Another 4 00 000 No. of equity shares were issued at par on 30th September. 6 00 000 No. of equity shares were then issued (prem. Rs.6 per share) out of which the following shares were reserved for preferential allotment:

- (i) 30 000 shares to employees etc. of the company (none were taken up);

- (ii) 2 40 000 shares to NRIs on repatriation basis (only 117 100 shares taken up) and

- (iii) 60 000 shares to Canbank Mutual Fund (all were taken up).

- The balance 2 70 000 shares along with the unsubscribed portion of 1 52 900 shares out of the preferential quota were offered to the public in November. Additional 90 000 shares allotted to the public to retain oversubscription.

1989 - The draw twisting plant was commissioned in July and texturising plant and the yarn dyeing plant were commissioned.

- 9 20 000 No. of equity shares allotted in part conversion of debentures. 2 400 shares forfeited.

1990 - The third texturising machine with a capacity of 550 TPA and other balancing machines including two-for-one twisting machine and uptwisters at Silvassa were also commissioned in August.

- The Company acquired a licence to manufacture 5 000 TPA of polypropylene multifilament yarn.

- 2 400 forfeited share reissued.

1991 - The Company proposed to undertake modernisation and expansion programme with a total outlay of Rs.700 lakhs.

- The Company proposed to set up a modern dairy project to process milk and to produce milk based products.

- The Company undertook to set up a new company under the name `Anmol Dairy Ltd.' to implement the project to process 2 lakh litres of milk per day and also to manufacture milk products like cheese butter skimmed milk powder etc.

- The Company proposed to set up a 100% export oriented unit to manufacture terry towels. A Memorandum of Understanding was signed with GIIC for participation in the implementation of this project.