Annexure XIV Continued… - Edelweiss

Listing
Applications have been made to the Stock Exchanges for permission to deal in, and for an official quotation of
the Equity Shares. The [●] will be the Designated Stock Exchange with which the ‘Basis of Allotment’ will be
finalised.
If the permissions to deal in and for an official quotation of the Equity Shares are not granted by any of the
Stock Exchanges mentioned above, our Company will forthwith repay, without interest, all moneys received
from the applicants in pursuance of this Draft Red Herring Prospectus. If such money is not repaid within eight
days after our Company and the Selling Shareholders becomes liable to repay it, i.e. from the date of refusal of
an application for such permissions from the Stock Exchanges or within ten weeks from the Issue Closing Date
whichever is earlier, then our Company and every Director of our Company who is an officer in default shall,
on and from such expiry of eight days, be jointly and severally liable to repay the money, with interest at the
rate of 15% p.a. on application money, as prescribed under Section 73 of the Companies Act. Our Company
shall pay such applicable interest to the applicants. Each of the Individual Selling Shareholders and Pineridge
confirm that they shall reimburse our Company for any interest payments made by our Company on behalf of
the Selling Shareholders in this regard, in the proportion of the Equity Shares offered by the Individual Selling
Shareholders and Pineridge and the Equity Shares issued by our Company, as the case may be.
Our Company shall ensure that all steps for the completion of the necessary formalities for listing and
commencement of trading at all the Stock Exchanges mentioned above are taken within 12 Working Days of
Issue Closing Date. Each of the Individual Selling Shareholders and Pineridge confirm that they shall
reimburse our Company for any interest paid by it, on behalf of the Individual Selling Shareholders and
Pineridge, in proportion to the Equity Shares offered for sale by each of the Selling Shareholders or issued by
our Company, as the case may be, in so far as the delays pertain to the Equity Shares offered for sale by such
Selling Shareholder.
Impersonation
Attention of the applicants is specifically drawn to the provisions of sub-section (1) of Section 68A of the
Companies Act, which is reproduced below:
“Any person who:
(a) makes in a fictitious name, an application to a company for acquiring or subscription, for, any
shares therein, or
(b) otherwise induces a company to allot, or register any transfer of shares, therein to him, or any other
person in a fictitious name,
shall be punishable with imprisonment for a term which may extend to five years.”
Consents
Consents in writing of: (a) the Directors, the Company Secretary and Compliance Officer, the Statutory
Auditors, Bankers to the Company (b) the Managers and Syndicate Members, Escrow Collection Bank(s),
Refund Bank(s), Public Issue Account Bank(s), Registrar to the Issue and Domestic Legal Advisors to the
Company, Domestic Legal Advisors to the Underwriters, International Legal Advisors to the Underwriters, to
act in their respective capacities, have been obtained and shall be filed along with a copy of the Red Herring
Prospectus with the RoC, as required under Sections 60 and 60B of the Companies Act and such consents shall
not be withdrawn up to the time of delivery of the Red Herring Prospectus for registration with the RoC.
In accordance with the Companies Act and the ICDR Regulations, M/s B S R & Co., the Auditors of our
Company have provided their written consent to the inclusion of their report dated May 26, 2011 on restated
financial statements included in this Draft Red Herring Prospectus in the form and context in which they
appear herein and such consent and report has not been withdrawn at the time of delivery of this Draft Red
Herring Prospectus to SEBI.
In accordance with the Companies Act and the ICDR Regulations, M/s. A. L. Sehgal & Co., Chartered
Accountants, have provided their written consent to the inclusion of statement of possible tax benefits which
may be available to our Company and its shareholders, included in this Draft Red Herring Prospectus in the
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