Date Transferor Transferee Nature of
Transaction No. of Equity Shares Acquisition/ transfer price per Equity Share (`) 25/06/2010 Nitin Harakhchand Gada
Meeta Dedhia Transfer 2,000 20,000
25/06/2010 Chhaya Dedhia Transfer 2,000 20,000
25/06/2010 Heena Dedhia Transfer 2,000 20,000
25/06/2010 Ramesh Khimji Dedhia (HUF) Transfer 2,000 20,000
25/06/2010 Bharat Khimji Dedhia (HUF) Transfer 2,000 20,000
25/06/2010 Atul Khimji Dedhia (HUF) Transfer 2,000 20,000
25/06/2010 Rasila Doshi Transfer 1,000 10,000
TOTAL 13,000 1,30,000
6. There are no financing arrangements whereby the Promoter, [the Promoter Group], the Directors of the Issuer or their relatives have financed the purchase by any other person of securities of the issuer other than in the normal course of the business of the financing entity during the period of six months immediately preceding the date of filing the Draft Red Herring Prospectus with SEBI.
Neither our Company, our Promoters, Directors nor the BRLM have entered into any buy-back, safety net and/or standby arrangements for the purchase of Equity Shares from any person.
25 Our Company has not raised any bridge loans against the proceeds of the Issue.
Except as disclosed in this DRHP, there has been no further issue of capital whether by way of issue of bonus shares, preferential allotment, rights issue or in any other manner during the period commencing from submission of this Draft Red Herring Prospectus with SEBI until the Equity Shares to be issued pursuant to the Issue have been listed.
There are no outstanding warrants, options or other financial instruments or rights that may entitle any person to receive any Equity Shares of our Company.
We have not issued any Equity Shares out of revaluation reserves. Further, except as disclosed in this Draft Red Herring Prospectus, we have not issued any Equity Shares for consideration other than cash.
The Equity Shares held by our Promoters are currently not subject to any pledge.
Our Company does not have any Employee Stock Option Scheme /Employee Stock Purchase Plan for our employees and we do not intend to allot any shares to our employees under Employee Stock Option Scheme / Employee Stock Purchase Plan from the proposed issue.
The Issue is being made through the 100% Book Building Process wherein at least 50% of the Net Issue shall be allotted on a proportionate basis to QIBs. 5% of the QIB Portion shall be available for allocation to Mutual Funds only and the remaining QIB Portion shall be available for allocation to all the QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. If at least 50% of the Net Issue cannot be allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non- Institutional Bidders and not more than 35% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
Subject to valid bids being received at or above the Issue Price, under-subscription, if any, in the Retail or Non Institutional Portion, would be allowed to be met with spill-over from other categories or a combination of categories, at the discretion of our Company in consultation with the BRLM.
Over-subscription to the extent of 10% of the Issue can be retained for the purpose of rounding off while finalising the basis of Allotment.
7. A Bidder cannot make a Bid for more than the number of Equity Shares offered in this Issue, subject to the maximum limit of investment prescribed under relevant laws applicable to each category of investor.
8. Our Promoters and members of our Promoter Group will not participate in the Issue.
9. We do not presently intend or propose to alter our capital structure for a period of six months from the Bid / Issue Opening Date, by way of split or consolidation of the denomination of Equity Shares or further issue of Equity Shares (including issue of securities convertible into or exchangeable, directly or indirectly for Equity Shares) whether preferential or otherwise, Additionally, if we enter into acquisitions or joint ventures, we may, subject to necessary approvals, consider using our Equity Shares as currency for acquisitions or participation in such joint ventures we may enter into and/or we may raise additional capital to fund accelerated growth. 10. There will be only one denomination of Equity Shares unless otherwise permitted by law and our Company
shall comply with such disclosure and accounting norms as may be specified by SEBI from time to time. 11. The Equity Shares will be fully paid up at the time of allotment failing which the Equity Shares may be
26 12. Our Company, Directors, Promoters or Promoter Group shall not make any payments direct or indirect,
discounts, commissions, allowances or otherwise under this Issue except as disclosed in this Draft Red Herring Prospectus.
13. For details of our related party transactions, see “Related Party Disclosures” on page no. 124
14. Except as disclosed above, the Directors, the Promoters or the Promoter Group have not purchased or sold any securities of our Company, during a period of six months preceding the date of filing this Draft Red Herring Prospectus with SEBI.
27 SECTION V – OBJECTS OF THE ISSUE