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

. That all steps for the completion of the necessary formalities for listing and
commencement of trading at all the stock exchanges where the Equity Shares are to be
listed are taken within seven working days of finalization of the basis of allotment;
c. That adequate funds required for making refunds to unsuccessful applicants as per the
mode(s) disclosed shall be made available to the Registrar to the Issue by the Company;
d. That where refunds are made through electronic transfer of funds, a suitable
communication shall be sent to the applicant within 15 days of closure of the issue giving
details of the bank where refunds shall be credited along with the amount and expected
date of electronic credit of refund;
e. That the refund orders or allotment advice to the successful bidders shall be dispatched
within specified time;
f. That no further Issue of Equity Shares shall be made until the Equity Shares issued
through this Red Herring Prospectus are listed or until the Bid moneys are refunded on
account of non-listing, under subscription, etc;
g. That adequate arrangements shall be made to collect all Applications Supported by
Blocked Amount (ASBA) and to consider them similar to non-ASBA applications while
finalizing the basis of allotment;
h. That at any given time there shall be only one denomination for the shares of the
company; and
i. That the Company shall comply with such disclosure and accounting norms specified by
SEBI from time to time.
The Company shall not have recourse to the Issue Proceeds until the approval for trading of the
Equity Shares from all the Stock Exchanges where listing is sought has been received.
Utilization of Issue Proceeds
The Board of Directors of the Company certifies that:
a. All monies received out of the Fresh Issue shall be transferred to a separate bank
account other than the bank account referred to in sub-section (3) of Section 73 of the
Companies Act;
b. Details of all monies utilized out of the Fresh Issue shall be disclosed under an
appropriate separate head in the balance sheet of the Company indicating the purpose
for which such monies have been utilized;
c. Details of all unutilized monies out of the Fresh Issue, if any, shall be disclosed under the
appropriate separate head in the balance sheet of the Company indicating the form in
which such unutilized monies have been invested.
d. The Company shall not have recourse to the Issue proceeds until approval for trading of
Equity Shares from all the stock exchanges where listing is sought is received.
e. The Company shall comply with the requirements of Clause 49 of the Listing Agreement
in relation to the disclosure and monitoring of the utilisation of the proceeds of the Issue.
Pending utilization for the purposes described above, the company intends to temporarily invest
the funds in high quality interest/dividend bearing liquid instruments including money market
mutual funds, deposits with banks and similar securities with banks for the necessary duration.
These investments would be authorised by the COmpany’s Board or duly authorised committee
thereof and would be in accordance with the investment policies approved by the Board from
time to time.
Withdrawal of the Issue
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