Annexure XIV Continued… - Edelweiss

• They shall not have recourse to the proceeds from the Equity Shares offered by them in the Offer for
Sale, until the final listing and trading approvals from all the Stock Exchanges have been obtained.
• They 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.
• They 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.
• They agree to assist our Company in the redressal of investor grievances.
• They will comply with the applicable laws, including but not limited to, the SEBI Act, the Securities
Contracts (Regulations) Act, 1956, the Foreign Exchange Management Act, 1999, the Securities
Contracts (Regulations) Rules, 1957, the Companies Act, the ICDR Regulations, the Listing
Agreement, guidelines, instructions, rules, communications, circulars and regulations issued by the
Government of India, the RoC, SEBI, the RBI, or by any other governmental or statutory authority as
applicable to it in relation to the Equity Shares offered by them under the Offer for Sale.
Utilisation of Issue proceeds
1. Our Company declares that:
• All monies received out of the Issue shall be credited/transferred to a separate bank account other than
the bank account referred to in sub-section (3) of Section 73 of the Companies Act;
• Details of all monies utilised out of Fresh Issue shall be disclosed, and continue to be disclosed till the
time any part of the issue proceeds remains unutilised, under an appropriate head in our balance sheet
indicating the purpose for which such monies have been utilised;
• Details of all unutilised monies out of the Fresh Issue, if any shall be disclosed under an appropriate
separate head in the balance sheet indicating the form in which such unutilised monies have been
invested; and
• Our Company shall not have recourse to the proceeds of the Issue until the final listing and trading
approvals from all the Stock Exchanges have been obtained.
2. The Selling Shareholders shall not have recourse to the proceeds of the Offer for Sale until the final listing
and trading approvals from all the Stock Exchanges have been obtained.
Withdrawal of the Issue
Our Company and / or any of the Selling Shareholders, in consultation with the Managers, reserve the right not
to proceed with the Issue anytime after the Issue Opening Date but before the Allotment of Equity Shares. In
such an event the Company shall issue a public notice in the newspapers (including the reasons for such
withdrawal), in which the pre-Issue advertisements were published, within two days of the Issue Closing Date.
Our Company shall also inform the same to the Stock Exchanges on which the Equity Shares are proposed to
be listed and the Managers, through the Registrar to the Issue, shall notify the SCSBs to unblock the accounts
of the ASBA Bidders.
If our Company and / or any of the Selling Shareholders withdraw the Issue after the Issue Closing Date and
our Company, thereafter, determines that it will proceed with an initial public offering of its Equity Shares, our
Company shall file a fresh draft red herring prospectus with SEBI. Notwithstanding the foregoing, the Issue is
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