Annexure XIV Continued… - Edelweiss

specified time;
• That no further issue of Equity Shares shall be made till final trading approvals from all the Stock
Exchanges have been obtained for the Equity Shares offered through the Red Herring Prospectus;
• That adequate arrangements shall be made to collect all ASBA Bid cum Application Forms and to
consider them similar to non-ASBA applications while finalising the Basis of Allotment;
• That we shall not have recourse to the Issue proceeds until the approval for trading of the Equity Shares
from all the Stock Exchanges where listing is sought, has been received.
UNDERTAKINGS BY PINERIDGE
Pineridge undertakes and/or certifies to the following:
• The Equity Shares being sold by it pursuant to the Offer for Sale have been held by it for a period of
more than one year prior to the filing of this Draft Red Herring Prospectus with the SEBI, and are
fully paid up and are in dematerialized form.
• The Equity Shares being sold by it are free and clear from any pre-emptive rights, liens, mortgages,
trusts, charges, pledges or any other encumbrances or transfer restrictions.
• It is the legal and beneficial holder and has full title to the 19,275,000 Equity Shares being offered by
it in the Offer for Sale.
• The Equity Shares being sold by it in the Offer for Sale shall be transferred to the successful bidders
within the specified time in accordance with the instruction of the Registrar to the Issue
• It shall not have recourse to the proceeds from the Equity Shares offered by it in the Offer for Sale,
until the final listing and trading approvals from all the Stock Exchanges have been obtained.
• It shall reimburse the Company for any interest paid by the Company at 15% per annum or as per
applicable law on a pro-rata basis in proportion to the Equity Shares proposed to be transferred by it
as a part of the Issue, if CAN or refund orders have not been dispatched to the applicants or if, in a
case where the refund or portion thereof is made in electronic manner through Direct Credit, NEFT,
RTGS or NECS, the refund instructions have not been issued to the clearing system in the disclosed
manner within 12 Working Days from the Issue Closing Date.
• It shall not sell, transfer, dispose off in any manner or create any lien, charge or encumbrance on the
Equity Shares offered by it for the Offer for Sale and shall take such steps as may be required to
ensure that such Equity Shares are available for the Offer for Sale, including without limitation not
selling, transferring, disposing of in any manner or creating any charge or encumbrance on such
Equity Shares.
UNDERTAKINGS BY THE INDIVIDUAL SELLING SHAREHOLDERS
The Individual Selling Shareholders undertake and/or certify to the following:
• The Equity Shares being sold by them pursuant to the Offer for Sale have been held by them for a
period of more than one year prior to the filing of this Draft Red Herring Prospectus with the SEBI,
and are fully paid up and are in dematerialized form.
• The Equity Shares being sold by them are free and clear from any pre-emptive rights, liens,
mortgages, trusts, charges, pledges or any other encumbrances or transfer restrictions.
• They are the legal and beneficial holders and have full title to the Equity Shares being offered by
them in the Offer for Sale.
• The Equity Shares being sold by them in the Offer for Sale shall be transferred to the successful
bidders within the specified time in accordance with the instruction of the Registrar to the Issue
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