gayatri projects limited - Edelweiss

In the opinion of our Board of Directors (based on a certificate given by the Underwriters), the resources of all the abovementioned Underwriters are sufficient to enable them to discharge their respective underwriting obligations in full. All theabove-mentioned Underwriters are registered with SEBI under Section 12(1) of the Securities and Exchange Board of IndiaAct, 1992 or registered as brokers with the Stock Exchange(s).Allocation among Underwriters may not necessarily be in proportion to their underwriting commitments.Notwithstanding the above table, the Underwriters shall be severally responsible for ensuring payment with respect to EquityShares allocated to investors procured by them. In the event of any default, the respective Underwriter in addition to otherobligations to be defined in the Underwriting Agreement will also be required to procure / subscribe to the extent of thedefaulted amount.DISCLAIMER BY THE SELLING SHAREHOLDERSNotwithstanding anything stated in this Prospectus, all information disclosed and statements made by Selling Shareholderin this Prospectus are only contained in sections titled ‘Terms of the Offer’, ‘Offer Structure’, and ‘Offer Procedure’ and theSelling Shareholder’s responsibility under this Prospectus, is limited to the statements made in its capacity as a SellingShareholder in the aforementioned sections. The Selling Shareholder disclaims all responsibility for all disclosures andstatements made in other sections of this Prospectus. Without prejudice to the foregoing, the Selling Shareholder neitherexpresses any opinion with respect to nor assumes any responsibility for the statements and disclosures made by theCompany or any other person, whether or not relating to the Company, their respective businesses, the promoters, the financialinformation or any other disclosures and statements. The Selling Shareholder has neither assumed any obligation to conduct,nor conducted, any inspection or independent verification of the statements and disclosures made by the Company.15