gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDIMPERSONATIONAs a matter abundant caution, attention of the applicants is specifically drawn to the provisions of sub-section (1) of Section68 A of the Companies Act, 1956 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 personin a fictitious name,shall be punishable with imprisonment for a term which may extend to five years.”LISTINGThe initial listing applications have been made to Bombay Stock Exchange Ltd. (BSE) for permission to list the Equity Sharesand for an official quotation of the Equity Shares of our Company. Bombay Stock Exchange Limited will be the DesignatedStock Exchange.In case the permission for listing of the Equity Shares and for official quotation of the Equity Shares is not granted byany of the above mentioned Stock Exchanges, the Selling Shareholder and our Company will forthwith repay, withoutinterest, all monies received from the applicants in pursuance of this Prospectus and if such money is not repaidwithin eight days after the day from which the Company becomes liable to repay it from the date of refusal or within 70days from the Bib/Offer closing date whichever is earlier, then the Selling Shareholder and our Company and everydirector of the Company who is an officer in default shall, on and from such expiry of 8 days, be jointly and severallyliable to repay the money with interest prescribed under Section 73 of the Companies Act 1956.Our Company and the Selling Shareholder with the assistance of the Book Running Lead Managers shall ensure that allsteps for the completion of necessary requirements for listing and commencement of trading at the Stock Exchanges mentionedabove are taken within seven working days of finalisation and adoption of the Basis of Allotment for the Offer.CONSENTSConsents in writing of: (a) our Directors, the Company Secretary, Compliance Officer, the Auditors, Bankers to the Company,the Bankers to this Offer; and (b) Book Running Lead Manager to the Offer and syndicate members,Registrars to the Offerand Legal advisors to the Offer and the Underwriters, to act in their respective capacities, have been obtained and shall befiled along with a copy of the Prospectus with the Registrar of Companies, Maharashtra, Mumbai as required under Section60 and 60B of the Companies Act, 1956 and such consents have not been withdrawn up to the time of delivery of a copy ofthis Prospectus, for registration with the Registrar of Companies, Maharashtra, Mumbai.M/s C.B. Mouli & Associates, Statutory Auditors, have also given their consent to the inclusion of their report as appearinghereinafter in the form and context in which it appears in this Prospectus and also tax benefits accruing to the Company andto the members of the Company in the form and context in which it appears in this Prospectus and such consent and reporthave not been withdrawn up to the time of delivery of this Prospectus for registration with the Registrar of Companies,Maharashtra at Mumbai..EXPERT OPINIONNo opinion of any expert has been obtained by the Company.OFFER RELATED EXPENSESThe expenses for this Offer includes issue underwriting & management fees, selling commission, distribution expenses,legal fees, fees to advisors, stationery costs, advertising expenses and listing fees payable to the Stock Exchanges, amongothers. The total expenses for this Offer are estimated at approximately Rs. 684.92 Lakhs, details of which are as under:170