RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

Related Party Transactions
For details of related party transactions please refer to page no. 155 of the Red Herring
Prospectus.
Relationship between Promoters, Directors & Key Managerial Personnel
There exists no relationship between the Promoters and other Directors and/or Key Managerial
Personnel of the Company.
Currency of Presentation
In this Red Herring Prospectus, all references to “Rupees” and “Rs.” and “Indian Rupees” are to
the legal currency of the Republic of India.
Dividend Policy
Dividends, other than interim dividends, if any, will be declared at the Annual General Meetings
of the shareholders of the Company based on the recommendation of the Board of Directors.
The Board may, at its discretion, recommend dividend to be paid to the shareholders. Generally,
the factors that may be considered by the Board of Directors before making any
recommendations for dividend include, but not limited to, the future expansion plans and capital
requirements, profits earned during the fiscal year, cost of raising funds from alternate sources,
liquidity position, applicable taxes including tax on dividend as well as exemptions under tax
laws available to various categories of investors from time to time and general market
conditions. The Board of Directors may also, from time to time, pay interim dividends to the
shareholders of the Company.
However, the Company has not declared any dividend in the last five years. The policy of not
having declared any dividend in the past few years is not necessarily indicative of the dividend
amounts, if any, or the dividend policy, for the future.
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