WELCOME to NAHAR Group of Companies

Management

NAHAR POLY FILMS LIMITED

“Back of the future" could be the title for NAHAR POLY FILMS LIMITED success story a dazzling satellite of the NAHAR constellation. Starting out in 1988 as manufacturers & exporters of cotton hosiery garment knitwear the company soon realized that to move forward it had to strategically move back.

This it did through focused backward integration by setting up on its own spinning with an ambitious installed capacity of 25000 spindles aiming to provide premium value added and specialty yarns to the market .This move was met with resounding success with total spindelage jumping from a modest 16000 in 1992 to a whopping 72000 in 1998. Their eyes for volumes was matched with their relentless commitment to quality aptly reflected in their being honored with the prestigious National Export Award for outstanding export performance 1997 as also, the Texprocil Trophy by the Textile Export promotion council for outstanding export performance in yarn amongst the leading exporters mills (1997-98). The best however, was yet to come and it arrived as result of sound strategic thinking in the form of amalgamation of group company Nahar's fibers with Nahar Exports in 1998.

It was a conscious decision aiming to reap the benefits of a profitable merger. A proactive move strongly indicating the company determination and confidence, to race ahead of competition by superior utilization of both man & machines. A master strokes towards optimizing the bottom line of the company while minimizing administrative functional & legal hassles in one final swoop.Today, the results of these dynamic synergies are here for all to see in the year 2003-2004 the company achieved a turnover of Rs. 4687 million and earned a profit of over Rs. 357 million. As ISO 9002 company Nahar Exports has 5 plants with a spindlage capacity of 153664 spindles manufacturing a wide range of premium specialty & value added yarns manned by a

dedicated work force of 5000 exporting to enthusiastic customers in the competitive export market of Europe, Hong Kong ,Singapore, Mauritius & South East Asian Countries Nahar Exports today is a major player in the chosen area blazing new trials & spanning new horizons in its on going pursuit of ever greater excellence.

To consolidate the Textile Business under single umbrella and to have focused business approach, it was thought desirable and expedient to restructre company’s businesses. Accordingly a composite scheme of demerger and arrangement with Nahar Spinning Mills Limited was proposed, which was approved by the Hon’ble Punjab & Haryana High Court vide its order dated 21st Dec., 2006.

After the implementation of the scheme of demerger and arrangement, company was left with the Residual Business i.e. some long term investement in shares and mutual funds. The managements having regard to the intrests of shareholders and stakeholders decided on 16th may, 2008 to put up I-AXIALLY ORIENTED POLYPROPYLENE FILMS (BOPP FILMS) project. The BOPP films is mainly used in flexible packaging and will be sold in the domestic and international markets. The India's expanding organised retail business has provided ample opportunities for growth in the manufacturing activity.