INEOS ABS (INDIA) LIMITED

ABOUT THE COMPANY

The Company was incorporated as ABS Plastics Limited in the year 1973.

In 1992, the name was changed to ABS Industries Limited.

In 1997, Bayer AG acquired a majority share of 51% in ABS Industries Limited. The company then became a part of the Bayer group and was rechristened as “Bayer ABS Limited”.

In early 2004, Bayer Group globally decided to restructure its business, The styrenic-based Polymer products became the part of a new group named LANXESS and Company's name changed to "LANXESS ABS Limited".

In 2008, INEOS ABS (Jersey) Limited, UK, acquired major stake constituting 83.33 % of total paid up capital of the Company, thereby becoming the holding Company of LANXESS ABS Ltd. After following appropriate required procedure, the change of name was effected from. June 17,2008 to INEOS ABS
(India) Limited.

>>The 39th Annual General Meeting will be held on April 24, 2012 at 11.00 a.m. at the Registered Office of the Company. >>The Annual Report for the FY ended 31.12.2011 has been despatched to all the shareholders at the address registered with the Company. >>The Board has declared a Dividend of Rs. 4.00 per Equity Share of Rs. 10 each (i.e 40% for the year 2011) and the Dividend will be paid on 4th May, 2012, after the approval of the Shareholders at the ensuing AGM.