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

proportionate basis, subject to valid bids being received from them at or above the Issue
Price.
23. Under-subscription, if any, in the QIBs, Non-institutional and Retail Individual Portion would
be met with the spill over from any other category at the sole discretion of the Company in
consultation with the BRLMs. However if the aggregate demand by mutual funds is less than
5% of the QIB portion, the balance equity shares available for allocation in the mutual fund
portion will be first added to the QIB portion and be allotted proportionately to the QIB
bidders.
24. Investors may note that in case of over-subscription, allotment will be on proportionate basis
as detailed in para on “Basis of Allotment” beginning on page no. 257 of this Red Herring
Prospectus.
25. The Company shall not make any 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 the submission of this Red Herring Prospectus with SEBI until the Equity
Shares to be issued pursuant to the Issue have been listed.
26. The Company at present does not intend or propose to alter the capital structure for a
period of six months from the date of filing of this Red Herring Prospectus, 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 except that if we enter into acquisitions or joint
ventures, we may, subject to necessary approvals, consider raising additional capital to fund
such activity or use Equity Shares as currency for acquisition or participation in such joint
ventures.
27. On the date of filing the Red Herring Prospectus with SEBI, there are no outstanding
warrants, options or rights to convert debentures, loans or other instruments into Equity
Shares, which would entitle the existing Promoters or shareholders, or any other person any
option to receive Equity Shares after the Offer.
28. The Company has not issued any Bonus Shares or shares out of revaluation reserves or
reserves without accrual of cash resources except as stated as follows:
a. On 2.11.1995, the Company has issued 41,93,724 Equity Shares of Rs. 10 each fully
paid-up as bonus shares in the proportion of 12 Equity Shares for every 10 Equity
Shares held by capitalization of Share Premium Account to the full extent and the
balance from General Reserves.
b. On 8.6.2007, the Company has issued 39,19,247 Equity Shares of Rs. 10 each fully
paid-up as bonus shares in the proportion of 1 Equity Share for every 2 Equity
Shares held by capitalization of profit and loss account.
29. The Company has not issued any Equity shares for consideration other than cash.
30. The Company has not offered any Employees Stock Option Scheme or Employees Stock
Purchase Scheme for its employees. The Company does not intend to allot any Equity Shares
to its employees under ESOP/ESPS scheme from the proposed Issue. As and when, options
are granted to the employees under the ESOP scheme, the Company shall comply with the
SEBI (Employee Stock Option Scheme and Employees Stock Purchase Plan) Guidelines 1999.
31. There will be only one denomination of the Equity Shares of Globus Spirits Limited, unless
otherwise permitted by law. The Company shall comply with such disclosure and accounting
norms as may be specified by SEBI from time to time.
32. The Company has a total of 13 Equity shareholders as on date.
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