GAYATRI PROJECTS LIMITEDC. THE DISCLOSURES MADE IN THE RED HERRING PROSPECTUS ARE TRUE, FAIR AND ADEQUATE TOENABLE THE INVESTORS TO MAKE A WELL INFORMED DECISION AS TO THE INVESTMENT IN THEPROPOSED OFFER;D. BESIDES OURSELVES, ALL THE INTERMEDIARIES NAMED IN THE RED HERRING PROSPECTUS AREREGISTERED WITH SEBI AND THAT TILL DATE SUCH REGISTRATIONS ARE VALID; ANDE. WE HAVE SATISFIED OURSELVES ABOUT THE WORTH OF UNDERWRITERS TO FULFILL THEIRUNDERWRITING COMMITMENTS.(4) WE CERTIFY THAT A WRITTEN CONSENT FROM THE PROMOTERS HAS BEEN OBTAINED FOR INCLUSIONOF THEIR SECURITIES AS A PART OF PROMOTERS CONTRIBUTION SUBJECT TO LOCK-IN AND THESECURITIES PROPOSED TO FORM PART OF THE PROMOTERS’ CONTRIBUTION SUBJECT TO LOCK-IN, WILLNOT BE DISPOSED/SOLD/TRANFERRED BY THE PROMOTERS DURING THE PERIOD STARTING FROM THEDATE OF FILING OF THE RED HERRING PROSPECTUS WITH THE BOARD TILL THE DATE OF COMMENCEMENTOF THE LOCK-IN PERIOD AS STATED IN THE RED HERRING PROSPECTUS.ALL LEGAL REQUIREMENTS PERTAINING TO THE OFFER WILL BE COMPLIED WITH AT THE TIME OF FILING OF THERED HERRING PROSPECTUS WITH THE REGISTRAR OF COMPANIES, MAHARASHTRA IN TERMS OF SECTION 56,SECTION 60 AND SECTION 60B OF THE COMPANIES ACT, 1956.THE FILING OF THE RED HERRING PROSPECTUS DOES NOT, HOWEVER, ABSOLVE THE COMPANY FROM ANYLIABILITIES UNDER SECTIONS 63 OR 68 OF THE COMPANIES ACT, 1956 OR FROM THE REQUIREMENT OF OBTAININGSUCH STATUTORY OR OTHER CLEARANCES AS MAY BE REQUIRED FOR THE PURPOSE OF THE PROPOSED OFFER.SEBI, FURTHER, RESERVES THE RIGHT TO TAKE UP, AT ANY POINT OF TIME, WITH THE LEAD MANAGERS, ANYIRREGULARITIES OR LAPSES IN THE RED HERRING PROSPECTUS.DISCLAIMER FROM THE ISSUER AND THE BOOK RUNNING LEAD MANAGEROur Company, our Directors, the Selling Shareholders, the Book Running Lead Manager accepts no responsibility forstatements made otherwise than in this Prospectus or in the advertisement or any other material issued by or at our instanceand that anyone placing reliance on any other source of information, including our website, www.<strong>gayatri</strong>.co.in , would bedoing so at his or her own risk.The Book Running Lead Manager accepts no responsibility, save to the <strong>limited</strong> extent as provided in the Memorandum ofUnderstanding entered into between the Book Running Lead Managers, our Company and the Selling Shareholders (actingthrough their duly constituted attorney) dated March 27, 2006 and the underwriting agreement to be entered into betweenthe underwriter and us.All information shall be made available by us, the Book Running Lead Manager to the public and investors at large and noselective or additional information would be available for a section of investors in any manner whatsoever including roadshow presentations, research or sales reports or at bidding centres or elsewhere.Neither we nor BRLMs or Syndicate Members shall be liable to the Bidders for any failure in downloading the bids due tofaults in any software/ hardware system or otherwise.CAUTIONInvestors that bid in this Offer will be required to confirm and will be deemed to have represented to the Company andthe Underwriters and their respective directors, officers, agents, affiliates and representatives that they are eligibleunder all applicable laws, rules, regulations, guidelines and approval to acquire Equity Shares and will not offer, sell,pledge or transfer the Equity Shares to any person who is not eligible under applicable laws, rules, regulations, guidelinesand approval to acquire Equity Shares. The Company and the Underwriters and their respective directors, officers,agents, affiliates and representatives accept no responsibity or liability for advising any investor on whether suchinvestor is eligible to equire Equity Shares.DISCLAIMER IN RESPECT OF JURISDICTIONThis Offer is being made in India to persons resident in India (including Indian nationals resident in India, who are majors,Hindu Undivided Families, Companies, Corporate Bodies and Societies registered under the applicable laws in India andauthorized to invest in shares, Indian Mutual Funds registered with SEBI, Indian Financial Institutions, Commercial Banks,168
Regional Rural Banks, Co-operative Banks (subject to RBI permission), Trusts registered under the Societies RegistrationAct, 1860, as amended from time to time, or any other Trust law and who are authorized under their constitution to hold andinvest in shares), permitted insurance companies and pension funds and to NRIs on non-repatriable basis and FIIs registeredwith SEBI. This Prospectus does not, however, constitute an Offer to sell or an invitation to subscribe to shares issued herebyin any other jurisdiction to any person to whom it is unlawful to make an issue or invitation in such jurisdiction. Any personinto whose possession this Prospectus comes into is required to inform himself about and to observe any such restrictions.Any dispute arising out of this Offer will be subject to the jurisdiction of appropriate court(s) in Mumbai only.No action has been or will be taken to permit a public offering in any jurisdiction where action would be required for thatpurpose, except that this Prospectus has been filed with SEBI for observations and SEBI has given its observations and thefinal Prospectus has been filed with RoC as per the provisions of the Act. Accordingly, the Equity Shares, represented therebymay not be offered or sold, directly or indirectly, and this Prospectus may not be distributed, in any jurisdiction, except inaccordance with the legal requirements applicable in such jurisdiction. Neither the delivery of this Prospectus nor any salehereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the Companysince the date hereof or that the information contained herein is correct as of any time subsequent to this date.The Equity Shares have not been and will not be registered under the US Securities Act (“the Securities Act”)or anystate securities laws in the United States and may not be offered or sold within the United States or to, or for theaccount or benefit of, “U.S. persons” (as defined in Regulation S under the Securities Act), except pursuant to anexemption from, or in a transaction not subject to, the registration requirements of the Securities ActAccordingly, the Equity Shares are only being offered and sold (i) in the United States to “qualified institutional buyers”,as defined in Rule 144A of the Securities Act in reliance on Rule 144A under the Securities Act and (ii) outside theUnited States to certain persons in offshore transactions in compliance with Regulation S under the Securities Act andthe applicable laws of the jurisdiction where those offers and sales occur.DISCLAIMER CLAUSE OF BOMBAY STOCK EXCHANGE LIMITED(The Designated Stock Exchange)Bombay Stock Exchange Limited (“the Exchange”) has given vide its letter dated July 03, 2006, permission to this Companyto use the Exchange’s name in this offer document as one of the Stock Exchanges on which this Company’s securities areproposed to be listed. The Exchange has scrutinized this offer document for its <strong>limited</strong> internal purpose of deciding on thematter of granting the aforesaid permission to this Company. The Exchange does not in any manner:-a. warrant, certify or endorse the correctness or completeness of any of the contents of this offer document; orb. warrant that this Company’s securities will be listed or will continue to be listed on the Exchange; orc. take any responsibility for the financial or other soundness of this Company, its promoters, its management or anyscheme or project of this Company;and it should not for any reason be deemed or construed that this offer document has been cleared or approved by theExchange. Every person who desires to apply for or otherwise acquires any securities of this Company may do so pursuantto independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reasonof any loss which may be suffered by such person consequent to or in connection with such subscription/ acquisition whetherby reason of anything stated or omitted to be stated herein or any other reason whatsoever.FILING OF PROSPECTUS WITH THE BOARD AND ROCA copy of this Prospectus has been filed with SEBI at Corporation Finance Department, Ground Floor, Mittal Court, “A” Wing,Nariman Point, Mumbai - 400021.A copy of Prospectus, along with the documents to be filed under Section 60B of the Companies Act, 1956 will be deliveredto the RoC, Maharashtra situated at 100, Everest, Marine Lines, Mumbai-400002. A copy of the Prospectus, required to befiled under section 60 of the Companies Act, 1956 wolud be delivered for registration to the Registrar of Companies,Maharashtra, 100,Everest, Marine Lines, Mumbai-400002169
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TABLE OF CONTENTSPAGE NO.SECTION I:
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GAYATRI PROJECTS LIMITEDTermsBidder
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GAYATRI PROJECTS LIMITEDTermsDescri
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GAYATRI PROJECTS LIMITEDTermsBOTCAR
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GAYATRI PROJECTS LIMITEDTermsNSDLNS
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RISK FACTORSAn investment in equity
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GAYATRI PROJECTS LIMITED8. Our Prom
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GAYATRI PROJECTS LIMITEDMain Object
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GAYATRI PROJECTS LIMITEDWe have exe
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GAYATRI PROJECTS LIMITEDthe occurre
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GAYATRI PROJECTS LIMITED34. Some of
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GAYATRI PROJECTS LIMITEDEXTERNAL RI
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GAYATRI PROJECTS LIMITEDfor a secti
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GAYATRI PROJECTS LIMITEDSteel Ltd.,
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GAYATRI PROJECTS LIMITEDSUMMARY OF
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GAYATRI PROJECTS LIMITEDTHE OFFERPA
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GAYATRI PROJECTS LIMITEDFor further
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GAYATRI PROJECTS LIMITEDSYNDICATE M
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GAYATRI PROJECTS LIMITEDThe Hongkon
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GAYATRI PROJECTS LIMITEDThe price d
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GAYATRI PROJECTS LIMITEDCAPITAL STR
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GAYATRI PROJECTS LIMITEDDate of No.
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GAYATRI PROJECTS LIMITED4. There ha
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GAYATRI PROJECTS LIMITED22. Not mor
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GAYATRI PROJECTS LIMITEDLimited wil
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GAYATRI PROJECTS LIMITEDOther Impor
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GAYATRI PROJECTS LIMITEDDividendsIf
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GAYATRI PROJECTS LIMITEDPursuant to
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GAYATRI PROJECTS LIMITEDNomination
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GAYATRI PROJECTS LIMITED3. Return o
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GAYATRI PROJECTS LIMITEDTAX BENEFIT
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GAYATRI PROJECTS LIMITEDcontrol reg
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GAYATRI PROJECTS LIMITEDINDUSTRY OV
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GAYATRI PROJECTS LIMITEDFour-laning
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wagon drills, jack hammers, air com
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Top 5 major assignments completed u
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The details of top 5 road sector pr
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Tendering ActivityA brief flow char
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We enter into contracts primarily t
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S. Favouring BG No. BG Date Expiry
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Memorandum of UnderstandingIn addit
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project to pool in their own resour
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Following are the number of employe
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Syndicate OSL (ST) 1500.00 PLR + 1%
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REGULATIONS AND POLICIESThere are n
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OUR HISTORY AND CERTAIN CORPORATE M
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Date of ChangeJuly 10, 1996Particul
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Sl. Name, Designation, Father’s N
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Compensation paid to Managing Direc
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Management Organisation ChartKey Ma
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Mr. Brahmaiah Lingam, D G M (Techni
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INFORMATION OF OUR PROMOTER GROUP C
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Banksi) Term Lenders (PNB and Andha
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Name of Institution / Bank Principa
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Shareholding Pattern as on August 3
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Board of Directors1. Mr. T V Sandee
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9. M/s Gayatri Digisoft Technologie
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Brief Financials(Rs. in Lakhs)Parti
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Board of Directors1. Mrs. T. Indira
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Brief Financials(Rs. in Lakhs)Parti
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Indira Publications Private Limited
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However the firm was corporatized,
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Board of Directors1. Ms. T Indira R
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Shareholding Pattern as on August 3
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Brief Financials(Rs. in Lakhs)Parti
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Brief Financials(Rs. In Lakhs)Parti
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Brief Financials(Rs. in Lakhs)Parti
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Brief Financials(Rs. in Lakhs)Parti
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Brief Financials(Rs. In Lakhs)Parti
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Benefit of the Joint VentureTo obta
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- Page 151 and 152: ANNEXURE II-AConsolidated Notes to
- Page 153 and 154: 8. Related Party Transactions as pe
- Page 155 and 156: 10. Accounting for taxes on IncomeA
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- Page 161 and 162: SCHEDULE-IXDETAILS OF LOANS AND ADV
- Page 163 and 164: Details of related parties:Associat
- Page 165 and 166: MANAGEMENT’S DISCUSSION AND ANALY
- Page 167 and 168: Our Results of OperationsAs a resul
- Page 169 and 170: ExpenditureOur expenditure consists
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- Page 175 and 176: lakhs (for value of work done upto
- Page 177 and 178: 11. Gayatri Projects Limited vs. St
- Page 179 and 180: V. Ramulamma vs. Gayatri Projects L
- Page 181 and 182: Govt. of Andhra Pradesh vs. Gayatri
- Page 183 and 184: for Loss of Profit suffered by the
- Page 185 and 186: whether the claimant is a small sca
- Page 187 and 188: Govt. of India and South Indian Mil
- Page 189 and 190: and Other Claims. The total amount
- Page 191 and 192: GOVERNMENT AND OTHER APPROVALSIn vi
- Page 193 and 194: S. No. Name of State Type of regist
- Page 195: (Rs. in lakhs)Financial Year 2001-0
- Page 199 and 200: Activity (Rs. In Lakhs) % of Total
- Page 201 and 202: ii. Gayatri Sugars Limited (erstwhi
- Page 203 and 204: OFFER STRUCTUREPublic Issue of 29,0
- Page 205 and 206: OFFER PROCEDUREBook Building Proced
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- Page 209 and 210: 6. Each Bid cum Application Form wi
- Page 211 and 212: Each category of Bidders i.e. QIBs,
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- Page 215 and 216: of PAN along with the application f
- Page 217 and 218: By signing the Bid-cum-Application
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- Page 227 and 228: As per the current regulations, OCB
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- Page 231 and 232: for all his shares of each class wi
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- Page 237 and 238: ALTERATION OF CAPITALIncrease of ca
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- Page 241 and 242: Chairman of general meetingWhen if
- Page 243 and 244: P r o x yTime for deposit of instru
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draft thereof in writing is circula
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Reserve and depreciation fundsDivid
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Service by postMember resident abro
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INDEMNITYEvery Director, Auditor, O
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11. Consent letters from Promoters,
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