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

will be directly handled by the service providers and credited to bank account particulars
as registered by the applicant in the demat account being maintained with the service
provider. The service provider, based on the information provided by the Registrar, shall
carry out the disbursement of the refund amounts to the applicants.
4. RTGS
Applicants having a bank account at any of the centres where RTGS facility is available
and whose refund amount exceeds Rs. 1 million, have the option to receive refund
through RTGS. Such eligible applicants who indicate their preference to receive refund
through RTGS are required to provide the IFSC code in the Bid-cum-application Form. In
the event the same is not provided, refund shall be made through ECS. Charges, if any,
levied by the Refund Bank(s) for the same would be borne by the Issuer. Charges, if
any, levied by the applicant’s bank receiving the credit would be borne by the applicant
Note: Wherever payments cannot be made through NEFT or ECS or direct credit and the
refund amount exceeds one million, such applicants shall have the option to receive the
refund payment through RTGS.
5. For all other applicants, including those who have not updated their bank particulars with
the MICR code, the refund orders shall be dispatched under certificate of posting for
value up to Rs. 1,500 and through Speed Post/ Registered Post for refund orders of Rs.
1,500 and above. Such refunds will be made by cheques, pay orders or demand drafts
drawn on the Escrow Collection Banks and payable at par at places where Bids are
received. Bank charges, if any, for cashing such cheques, pay orders or demand drafts
at other centres will be payable by the Bidders.
Please note that applicants having a bank account at any of the 68 centres where the
clearing houses for ECS are managed by the RBI and other PSU Banks are eligible to
receive refunds through the modes detailed in I, II, III and IV above. For all the other
applicants, including applicants who have not updated their bank particulars along
with the nine digit MICR Code, prior to the Bid/Issue Opening Date, the refund orders
would be dispatched under “Under Certificate of Posting” for refund orders less than
Rs. 1,500 and through speed post/registered post for refund orders exceeding Rs.
1,500.
LETTERS OF ALLOTMENT OR REFUND ORDERS OR INSTRUCTIONS TO SELF CERTIFIED
SYNDICATE BANKS IN ASBA PROCESS
The Company shall give credit to the beneficiary account with depository participants within two
working days from the date of allotment. Applicants residing at sixty-eight centres where
clearing houses are managed by the RBI and other PSU Banks, will get refunds through ECS only
except where applicant has otherwise disclosed as eligible to get refunds through direct credit
and/or RTGS. The Company shall ensure the dispatch refund orders, if any, of value up to
Rs.1,500 by “Under Certificate of Posting”, and shall dispatch refund orders above Rs.1,500 if
any, by registered post or speed post at the sole or first Bidder’s sole risk within 15 days of the
Bid/Issue Closing Date. Applicants to whom refunds are made through electronic transfer of
funds will be sent a letter through ordinary post, intimating them about the mode of credit of
refund within fifteen days of closure of Bid/ Issue.
In accordance with the Companies Act, the requirements of the Stock Exchanges and the SEBI
DIPGuidelines, the Company further undertakes that:
• Allotment of Equity Shares shall be made only in dematerialized form not later than 15
days of the Bid/Issue Closing Date;
• Refunds shall be made within 15 days of the Bid/Issue Closing Date at the sole or First
Bidder’s sole risk, except for Bidders who have opted to receive refunds through Direct
Credit, NEFT, RTGS or ECS;
• The Company shall pay interest at 15% per annum if allotment letters/refund orders
have not been dispatched to the applicants or if, in a case where the refund or portion
thereof is made in electronic manner through Direct Credit, NEFT, RTGS or ECS, the
refund instructions have not been given to the clearing system in the disclosed manner
within 15 days of the Bid/Issue Closing Date.
264