Annexure XIV Continued… - Edelweiss

DISPOSAL OF APPLICATIONS AND APPLICATION MONEYS AND INTEREST IN CASE OF
DELAY
With respect to Bidders other than ASBA Bidders, our Company shall ensure dispatch of Allotment Advice,
refund orders (except for Bidders who receive refunds through electronic transfer of funds) and give benefit to
the beneficiary account with Depository Participants within 12 Working Days of the Issue Closing Date.
In case of applicants who receive refunds through ECS, direct credit or RTGS or NEFT, the refund instructions
will be given to the clearing system within 12 Working Days from the Issue Closing Date. A suitable
communication shall be sent to the bidders receiving refunds through this mode within 12 Working Days of
Issue Closing Date, giving details of the bank where refunds shall be credited along with amount and expected
date of electronic credit of refund.
Our Company shall use best efforts to ensure that all steps for completion of the necessary formalities for
commencement of trading at all the Stock Exchanges where the Equity Shares are listed are taken within 12
Working Days from the Issue Closing Date. Each of the Individual Selling Shareholders and Pineridge
undertakes to provide such reasonable support and extend reasonable co-operation as may be requested by the
Company to the extent such support and cooperation is required from such Party to facilitate the process of
listing and commencement of trading of the Equity Shares on the Stock Exchanges.
In accordance with the Companies Act, the requirements of the Stock Exchanges and the ICDR Regulations,
our Company further undertakes that:
• Allotment shall be made only in dematerialised form within 12 Working Days of the Issue Closing Date;
and
• With respect to Bidders other than ASBA Bidders, dispatch of refund orders or in a case where the refund
or portion thereof is made in electronic manner, the refund instructions are given to the clearing system
within 12 Working Days of the Issue Closing Date would be ensured. With respect to the ASBA Bidders,
instructions for unblocking of the ASBA Bidder’s ASBA Account shall be made within 12 Working Days
from the Issue Closing Date.
Adequate funds will be provided to the Registrar to the Issue to enable it to send refund orders or Allotment
advice by registered post/speed post. With regard to refunds, bank charges, if any, for encashing such cheques,
pay orders or demand drafts at other centres will be payable by the Bidders.
Our Company confirms and undertakes that it shall pay interest at 15% per annum, if Allotment is not made
and refund orders are not dispatched or if, in a case where the refund or portion thereof is made in electronic
manner, the refund instructions have not been given to the clearing system in the disclosed manner and/or
demat credits are not made to investors within 12 Working Days from the Issue Closing Date. Each of the
Individual Selling Shareholders and Pineridge confirms and undertakes that they shall reimburse our Company
for any interest payments made by our Company on behalf of the Selling Shareholders, 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.
IMPERSONATION
Attention of the applicants is specifically drawn to the provisions of sub-section (1) of Section 68 A 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 subscribing 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.”
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