gayatri projects limited - Edelweiss

6. There has been no sale or purchase of Equity Shares of the Company by the Directors / Promoters and PromoterGroup, during the period of six months preceding the date on which the Prospectus is filed with SEBI.7. There are no partly paid up Equity Shares as on the date of Prospectus.8. On the date of filing the Prospectus with SEBI, there are no outstanding financial instruments or any otherrights, which would entitle the existing Promoters or shareholders, or any other person any option to receiveEquity Shares after the Offer.9. No further issue of capital whether by way of issue of bonus shares, preferential allotment, rights issue or in anyother manner will be made by the Company during the period commencing from submission of the Prospectus withSEBI till the equity shares referred to in this Prospectus have been fully paid up and shares are listed or applicationmoney is refunded in case of failure of the Offer.10. The Company presently does not have any intention or proposal to alter its capital structure for a period of sixmonths from date of opening of the Offer, by way of split/consolidation of the denomination of Equity shares orfurther issue of Equity shares (including issue of securities convertible into Equity Shares) whether preferential orotherwise. However, during such period or a later date, it may issue Equity Shares pursuant to the plan or issueEquity shares or securities linked to equity shares to finance an acquisition, merger or joint venture or asconsideration for such acquisition, merger or joint venture, or for regulatory compliance or such other scheme ofarrangement if an opportunity of such nature is determined by its Board of Directors to be in the interest of theCompany.11. The Promoters and Directors of the Company and Book Running Lead Managers of the Offer have not entered intoany “Buyback” or “Standby” or similar arrangement for the purchase of Equity Shares offered through the Prospectus.12. The Company has not raised any bridge loans against the proceeds of this Offer. For details on use of proceeds,see the section titled “Objects of the Offer” on page no. 23 of this Prospectus.13. The Company has not issued any shares for consideration other than cash except for bonus issue as detailed atnote no. 1 above under the equity share capital history of the company.14. At any given point of time there shall be only one denomination for a class of Equity Shares of the Company,unless otherwise permitted by law and the Company shall comply with disclosures and accounting norms as maybe specified by SEBI from time to time.15. The Equity Shares offered through this public offer shall be made fully paid up and the unpaid Equity Shares maybe forfeited within 12 months from the date of allotment of shares in the manner specified as per clause 8.6.2 of theSEBI (Disclosure of Investor Protection) Guidelines.16. The Company has not issued any bonus shares out of revaluation reserves or reserves without accrual of cashresources.17. The Company has not offered any Employees Stock Option Scheme or Employees Stock Purchase Scheme for itsemployees.18. The company has 10 shareholders as on the date of filing of this Prospectus with the SEBI.19. A Bidder cannot make a Bid for more than the number of Equity Shares offered through this Offer, subject to themaximum limit of investment prescribed under the relevant laws applicable to each category of investor.20. Only Eligible Employees would be eligible to apply in this Offer under the Employee Reservation Portion oncompetitive basis. Bid/ Application by Eligible Employees can be made also in the “Net Offer to the Public” andsuch Bids shall not be treated as multiple Bids.21. Under-subscription, if any, in the Employee Reservation Portion will be added back to the Retail Portion. In case ofunder subscription in the Net Offer, spill-over to the extent of under-subscription shall be permitted from the EmployeeReservation Portion.21