Annexure XIV Continued… - Edelweiss

12. Consent of M/s. A. L. Sehgal & Co., Chartered Accountants, for inclusion of (i) the statement of tax
benefits dated May 20, 2011 in the form and context in which it appear in this Draft Red Herring
Prospectus; and (ii) to be named as experts to our Company;
13. Certificate dated May 17, 2011, issued by M/s. A. L. Sehgal & Co., Chartered Accountants, in relation to
deployment of funds for the second phase of the Company’s 30 MW blended coal based power project at
Chakabura, Korba district, Chhattisgarh and with respect to the draw down of sanctioned limits pursuant
to the common loan agreement dated September 1, 2010 amongst our Company, YES Bank Limited,
Punjab and Sind Bank and State Bank of Hyderabad for a term loan of ` 1,070 million;
14. Certificate dated May 17, 2011, issued by M/s. A. L. Sehgal & Co., Chartered Accountants, in relation to
deployment of funds for the first unit of the 1,200 MW (2 x 600 MW) coal-fired power project at Sidhi
district, Madhya Pradesh, and with respect to the draw down of the term loans of ` 20,250 million each,
availed from Axis Bank Limited and ICICI Bank Limited by the Company’s Subsidiary, Aryan M.P.
Power Generation Private Limited;
15. Consents of Auditors, Bankers to our Company, Managers, Syndicate Members, Registrar to the Issue,
Escrow Collection Banks, Refund Banks, Public Issue Account Banks, Domestic Legal Advisors to our
Company, Domestic Legal Counsel to the Book Running Lead Managers, International Legal Advisors to
the Underwriters, Directors of our Company, and the Company Secretary and Compliance Officer, as
referred to, in their respective capacities;
16. IPO grading report dated [●] by [●];
17. RBI approval dated [●] for transfer of the Equity Shares by the Selling Shareholders by way of the Offer
for Sale;
18. In-principle listing approvals dated [●], 2011 and [●], 2011 from the NSE and BSE, respectively;
19. Agreement amongst NSDL, our Company and Indus Portfolio Private Limited, our Company’s share
transfer agent, dated August 10, 2006;
20. Agreement amongst CDSL, our Company and Indus Portfolio Private Limited, our Company’s share
transfer agent, dated May 23, 2011;
21. Due diligence certificate dated May 30, 2011 to SEBI from the Managers;
22. SEBI observation letters dated [●], 2011 and dated [●], 2011 and our in-seriatim replies to the same dated
[●], 2011 and [●], 2011;
23. Shareholders agreement dated March 3, 2006 amongst our Company, Pineridge and the promoters (as
amended on March 31, 2007);
24. Termination agreement dated May 26, 2011 amongst our Company, Pineridge and the promoters;
25. Shareholders agreement dated May 19, 2009 amongst our Company, TRN Energy, Anil Kumar and
Sanjay Jain;
26. Promoter agreement dated February 10, 2011, amended by way of an amendment agreement dated March
4, 2011, amongst Mr. Ganesh Chandra Mrig, Ms. Sushil Mrig, Mr. Ashok Mrig, Mr. Ajay Mrig, Ms.
Monika Mrig, Mr. Rudra Sen Sindhu, certain existing shareholders of our Company represented by their
constituted attorney, Mr. Rudra Sen Sindhu, Mr. Kuldeep Singh Solanki, Maneesha Finlease Limited and
our Company;
27. Voting agreement dated February 10, 2011 amongst Mr. Rudra Sen Sindhu, certain existing shareholders
of our Company represented by their constituted attorney, Mr. Rudra Sen Sindhu, Mr. Ajay Mrig and Ms.
Monika Mrig;
28. Put option agreement dated March 16, 2011 between Sainik Mining and Allied Services Limited, IDBI
Trusteeship Services Limited (in its capacity as the trustee of India Advantage Fund – V and represented
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