Annexure XIV Continued… - Edelweiss

If our Company does not receive the minimum subscription of 90% of the Fresh Issue, including devolvement
of the Underwriters within 60 days from the Issue Closing Date, the Company shall forthwith refund the entire
subscription amount received. If there is a delay beyond eight days after our Company becomes liable to pay
the amount, our Company shall pay interest prescribed under Section 73 of the Companies Act.
The requirement for 90% minimum subscription is not applicable to the Offer for Sale. In case of under
subscription in the Issue, the Equity Shares in the Fresh Issue will be issued prior to the sale of Equity Shares
in the Offer for Sale.
Further, in terms of Regulation 26(4) of the ICDR Regulations, our Company shall ensure that the
number of prospective allotees to whom Equity Shares will be allotted shall not be less than 1,000.
Application by Eligible NRIs, FIIs and FVCIs
It is to be distinctly understood that there is no reservation for Eligible NRIs and FIIs or FVCIs. All Non
Residents, NRIs, FIIs and foreign venture capital funds, multi-lateral and bilateral development financial
institutions and any other foreign investor applicants will be treated on the same basis with other categories for
the purpose of allocation. As per existing regulations, OCBs cannot participate in the Issue.
Arrangements for disposal of odd lots
Since our Equity Shares will be traded in dematerialized form only, the market lot for our Equity Shares will
be one, no arrangements for disposal of odd lots are required.
Restriction on transfer and transmission of shares
There are no restrictions on transfers and transmission of shares/ debentures and on their consolidation/
splitting except as provided in our Articles of Associations. For details, please refer to the section titled “Main
Provisions of our Articles of Association” beginning on page 442 of this Draft Red Herring Prospectus.
However, in terms of the ICDR Regulations, Equity Shares Allotted to Anchor Investors in the Anchor
Investor Portion shall be locked-in for a period of 30 days from the date of Allotment of Equity Shares in the
Issue.
Option to receive Equity Shares in Dematerialized Form
Allotment of Equity Shares to successful Bidders will only be in the dematerialized form. Bidders will not
have the option of Allotment of the Equity Shares in physical form. The Equity Shares on Allotment will be
traded only in the dematerialized segment of the Stock Exchanges.
Joint Holders
Where two or more persons are the Equity Shares, they shall be deemed to hold the same as joint tenants with
the benefits of survivorship.
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