Registrar:

Cameo Corporate Services Ltd. Subramanian Building Vth Floor No.1 Club House RoadChennai (Madras) 600002 Tamil Nadu 228460390 (6 Lines)

Company History: The Company was originally incorporated on 8th February 1995 as Circuit Systems (India) Limited at Gujarat Dadra & NagarHaveli vide Registration Number: 04 - 24524. Thereafter the company was convertedinto a Private Limited Company andconsequently the name was changed to Circuit Systems (India) Private Limited on 01st August 2001and thereafter the company was reconverted into public company and the name was changed to Circuit Systems (India) Limited vide fresh certificate of incorporation dated 07th October 2005 At the time of incorporation the Registered office of the company was situated at 167 Azad Society Ambawadi Ahmedabad-380015which was then shifted to B-9-10 GIDC Electronic Estate Sector -25 Gandhinagar -382044 w.e.f. 17th June 1996 and thereafter it was shifted B-24GIDC Electronic Estate Sector -25 Gandhinagar w.e.f. 11th December 1997 and thereafter it was shifted to B 14 Neeldeep Appartment Opp. Milan Park B/h Lad Society Vastrapur Ahmedabad w.e.f. 15th March 2001 and thereafter it was shifted to D - 402 Status Apartment Thaltej Road Nr Drive inThaltej Ahmedabad w.e.f. 01st September 2001 and thereafter w.e.f.01st December 2001 the registered office of the Company has been shifted to B-24 GIDC Electronic Estate Sector 25 Gandhinagar-382 044. The Company is in the market of PCB manufacturing since last morethan one decade. PCB industry in India has matured significantly and hasstarted getting recognition world over. Market of PCB is increasing very fast as Electronic industry as a whole is growing at vary rapid speed For Detailsplease refer to page no 39 of this prospectus. The Company was incorporated on 8th February 1995 as Circuit Systems(India) Limited thereafter during the Year 1997 company had purchased the Electronic Division(PCB business) situated at B/24 GIDC ElectronicsEstate Gandhinagar including the Leasehold land hereiditaments and premises together with Buildings Factory Assets and structures standing thereon and also Plant and Machinery including spare partswhich are in stock on transfer date and are required for the maintenanceof Plant and Machinery other tangibles and intangible assets for themanufacture of Printed Circuit Boards of StovecIndustries Limited against consideration of Rs 450 lakhs which waspaid in cash .This was firstmajor expansion in the history of company. The next mile stone which the company has achieved as a part of itsexpansion programme was in the year 2003 by purchasing plant andmachineries related to PCB Business from Gujarat Narmada ValleyFertiliser Corporation Limited (GNFC) against consideration ofRs 404.05 Lakhs which was paid in cash.

The existing major customers of the company are TVS ElectronicsLimited Bharat Electronics Limited Essae Electronics Private Ltd. India Nippon Electricals Ltd. Secure Meters Limited ConsolidatedDynamics Pvt. Ltd. ITI Limited ESSAETeraoka Ltd. Inductotherm (India) Private Limited Varroc Engineering private Limited Photoequip India Limited JNS Instruments Limited Donex Industries Limited at national level however company is exporting its products to overseas customersapproximately 30 % of its annual production. For exploring the opportunitiesavailable in USA & other western part of the world ie Countries like Belgium France and Italy company has started participating in trade fairs exhibitions and also started approaching various potential customersfor supply of its product. However no formal agreement is entered into with any of the customers till date.To cope up with the emerging opportunities in the domestic as well as overseas market company has setup its new unit in the SEZ in GIDC Gandhinagar as a part of proposed expansion plan. MAJOR EVENTS Years Events 1995 Incorporation of the Company 1997 Took over Electronic Division (PCB Business) of Stovec Industries Limited. 1998 ISO 9000 certification obtained 2003 Purchase of Plant & Machinery related to PCB business from GNFC. 2005 TS 16949:2002 certification obtained from DNV Netherlands 2008 - Circuit Systems India Ltd has informed that the Board of Directors of the Company at its meeting held on January 29 2008 has approved the appointment of Mr. Anil T Patel as additional director of the Company. The appointment is w.e.f. January 29 2008. -Circuit Systems India Ltd has informed that the Board of Directors of the Company at its meeting held on July 28 2008 has approved the appointment of Mr. Sombhai H Patel as alternate director to Mr. Maganbhai H Patel Director of the Company. The appointment is w.e.f. July 28 2008. (Source: RTGSL)

Circuit Systems (India) Ltd.

Registered Office & Factory : B-24 GIDC Electronics Estate Sector 25 Gandhinagar Gujarat - 382044 Tel: 23242781 23242782 23242783 Business Group: Not Industry Type: Electronics - PCBs Applicable Key Officials: Mr. Ambalal C Patel Director Mr. Dilip S Vyas Director Mr. Ishwar H Patel Director Mr. Paresh N Vasani Managing Director Mr. Sharad R Shah Whole Time Director Mr. Niranjan R Dave Director Mr. Sombhai H Patel Alternate Director Mr. Magan H Patel Chairman / Chair Person Mr. Anil T Patel Additional Director Public Issue Date: 27/09/2007 BSE CODE: 532913 NSE CODE: Not Available Face Value: 10 Market Lot: 1 ISIN: INE720H01010 Current PE: 4.7048 Promoters %: 49.4432 Promoters Shares: 5933180 Institution Investment %: 0 Institution Investment Shares: 0 Auditor:
Virendra Chinubhai & Co

Current Market Capital: 12.24