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

Valid until cancelled.
Government of India
X. APPLIED FOR
a. The Government of Punjab, Department of Excise & Taxation (Excise & Taxation-II
Branch), Chandigarh has, in response to Company’s letter dated 27.2.2006, conveyed its
intention, vide its letter dated’ 1/170/2005-ET.2(8)/1535 dated 10.3.2006, to grant
Letter of Intent to set up an integrated Distillery-cum-Brewery Project in Form D-2 ad B-
1 setting up Distillery/Brewery in the state of Punjab in the industrially backward border
district of Ferozepur.
As per the letter, the permission is towards establishing a Grain/Molasses based Distillery
with capacity of 100 KLPD of Extra-Neutral Alcohol and Brewery with capacity of 5 lakh
Hecto-Litre annually, subject to the condition that both, the distillery and brewery, will be
set up simultaneously.
Additionally, the permission is also subject to the condition that the Company will comply
with the following conditions within a period of one year from the date of the letter:
a. Purchase of Land.
b. Place firm orders for machinery/equipments.
c. Submit application for release of power connection.
d. Obtain/NOC from the Punjab Pollution Control Board.
e. In the event any loan is raised for financing the project, the project will have to be
appraised by a Bank/Financial Institution and at least 50% of the loan is indicated
in the project report will have to be availed.
The Company has vide, its letter dated 27.2.2006, conveyed its consent for issue of
Letter of Consent for setting up the Distillery & Brewery, and in this regard has deposited
a sum of Rs. 10 lakhs on 27.2.2006 with the Punjab Government Treasury under the
head “0039-State Excise Duties” comprising Rs. 5 lakhs towards Distillery and Rs. 5
lakhs towards Brewery.
The Company has further vide, its letter dated 26.03.2008 deposited a sum of Rs. 4
akhs with the Punjab Government Treasury under the head “0039-State Excise Duties”
comprising Rs. 2 lakhs towards Distillery and Rs. 2 lakhs towards Brewery.
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