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

FUNDS DEPLOYED
As per the certificate dated August 12, 2009 issued by M/s B.M. Chatrath & Co., Chartered
Accountants, the Company incurred the following expenditure till July 31, 2009 towards the
objects of the issue and the sources of finance for the same are given below:
(Rs. in lakhs)
Sl.
No
Particulars
Cost
Incurred
1. Brand Promotion & IMFL launch operations in North and South
780.46
India
2. IMFL Bottling Section at Samalkha 267.44
3. Fermentation Modification work in existing Grain Based Distillery
44.33
at Behror
4. Grain-based 35 KLPD Multi-Pressure Distillation facility at
453.56
Samalkha, Haryana
5. Civil and Structurals 41.21
6. 35 KLPD Grain based Multi Pressure Distillation plant at Behror 20.00
7. GHG Abatement project 3.20
8. Starch Liquefaction section at Behror 11.00
9. IPO Expenses 95.76
TOTAL
1716.96
SOURCES OF FINANCING OF FUNDS ALREADY DEPLOYED:
The above expenditure has been financed out of the Internal Accruals of the Company.
Monitoring of Utilization of Funds:
There is no requirement for a monitoring agency in terms of Clause 8.17 of the SEBI (DIP)
Guidelines. The Audit Committee will monitor the use of the Issue proceeds.
Interim Use of Funds:
Pending utilisation 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 authorized by the Company’s Board or duly authorized committee
thereof and would be in accordance with the investment policies approved by the Board from
time to time.
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