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*The Investors shall be required to make the balance payment towards the Final Call Notice by the due
date, which shall be separately notified by our Company.
Note:
1. Out of the amount of Rs. [*] paid on application, Rs. [*] would be adjusted towards the face value of the
Rights Equity Shares and Rs. [*] shall be adjusted towards the premium of the rights equity shares.
2. Out of the amount of Rs. [*] paid on Final call, Rs. [*] would be adjusted towards the face value of the Rights
Equity Shares and Rs. [*] shall be adjusted towards the premium of the rights equity shares.
3. Our Company reserves the right to adjust the amount received over and above the Application money towards
the Final Call if such adjustment makes the total Rights Equity Shares allotted by our Company into fully paid-
up Rights Equity Shares.
4. Final Call Notice shall be sent by our Company for making the payment towards the balance amount due.
6. Rights Equity Shares in respect of which the Final Call payable remains unpaid may be forfeited, at any time
after the due date for payment of the balance amount due.
Procedure for Final Call Notice
Our Company would convene a meeting of the Board of Directors to pass the required resolution for making the
Final Call Notice and suitable intimation would be given by our Company to the Stock Exchange. Further,
advertisements for the same will be published in one English national daily with wide circulation, one Hindi
national daily with wide circulation and one Regional daily newspaper.
Record date for Final Call and suspension of trading
Our Company would fix a record date by giving at least seven (7) working days prior notice to the Stock
Exchange for the purpose of determining the list of Allottees to whom the notice for Final Call would be sent.
Once the record date has been fixed, trading in the partly paid Rights Equity Shares for which Call Notice have
been made would be suspended for the period as may be applicable under the rules and regulations prior to such
record date that has been fixed for the Final Call.
Separate ISIN for Partly Paid Shares
In addition to the present ISIN for the existing Equity Shares, our Company would obtain a separate ISIN for its
partly paid-up Rights Equity Shares. The partly paid-up Rights Equity Shares offered under the Issue will be
traded under a separate ISIN for the period as may be applicable under the rules and regulations prior to the
record date for the Final Call Notice. The ISIN representing partly paid-up Rights Equity Shares will be
terminated after the record date for the Final Call Notice. On payment of the Final Call money in respect of the
partly paid-up Rights Equity Shares, such partly paid-up Rights Equity Shares would be converted into fully
paid-up Equity Shares and merged with the existing ISIN for our Equity Shares.
Listing of partly paid-up Equity Shares on Rights Basis
The partly paid-up Rights Equity Shares would be listed on the Stock Exchange. For an applicable period, under
the rules and regulations, prior to the record date for the Final Call, the trading of then existing partly paid-up
Rights Equity Shares would be terminated. The process of corporate action for crediting the partly paid-up and
fully paid-up Rights Equity Shares to the Investors’ demat accounts may take about two weeks’ time from the
last date of payment of the account under the Final Call notice.
The listing and trading of the partly paid-up Rights Equity Shares shall be based on the current regulatory
framework applicable thereto. Any change in the regulatory regime would accordingly affect the schedule.
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Rights of the Equity shareholders
Subject to the applicable laws, the equity Shareholders shall have the following rights:
•
Right to receive dividend, if declared; The dividend payable on partly paid-up Equity Shares, until
fully paid-up, shall rank for dividend in proportion to the amount paid up;
•
Right to attend general meetings and exercise voting powers, unless prohibited by law;
•
Right to vote on a poll either in person or by proxy;
•
Right to receive offers for rights shares and be allotted bonus shares, if announced;
•
Right to receive surplus on liquidation;
•
Right of free transferability; and
•
Such other rights, as may be available to a shareholder of a listed public company under the
Companies Act, 1956, Memorandum and Articles of Association of the C ompany and the terms
of the Listing Agreement with BSE.
For a detailed description of the main provisions of the Company's Articles of Association dealing with
voting rights, dividend, forfeiture and lien, transfer and transmission and/ or consolidation/splitting, please
refer section titled "Description of Equity Shares and Terms of the Articles of Association of the Company"
beginning on page 229 of this Draft Letter of Offer.
Market Lot
The Equity Shares of the Company are tradable only in dematerialized form. The market lot for Equity Shares
in dematerialized mode is one.
In case of holding in physical form, the Company would issue to the allottees one certificate for the Equity
Shares allotted to one folio ("Consolidated Certificate"). In respect of the Consolidated Certificate, the Company
will, upon receipt of a request from the Equity Shareholder, split such Consolidated Certificate into smaller
denomination in accordance with the provisions of the Articles of Association of the Company.
Nomination Facility
In terms of Section 109A of the Companies Act, nomination facility is available in case of Equity Shares. The
applicant can nominate any person by filling the relevant details in the CAF in the space provided for this
purpose. A sole Equity Shareholder or first Equity Shareholder, along with other joint Equity
Shareholders being individual(s) may nominate any person(s) who, in the event of the death of the sole
holder or all the joint- holders, as the case may be, shall become entitled to the Equity Shares. A Person, being
a nominee, becoming entitled to the Equity Shares by reason of the death of the original Equity
Shareholder(s), shall be entitled to the same advantages to which he would be entitled if he were the
registered holder of the Equity Shares. Where the nominee is a minor, the Equity Shareholder(s) may also
make a nomination to appoint, in the prescribed manner, any person to become entitled to the Equity
Share(s), in the event of death of the said holder, during the minority of the nominee. A nomination shall
stand rescinded upon the sale of the Equity Share by the person nominating. A transferee will be entitled to
make a fresh nomination in the manner prescribed. When the Equity Share is held by two or more persons, the
nominee shall become entitled to receive the amount only on the demise of all the holders. Fresh nominations
can be made only in the prescribed form available on request at the registered office of the Company
or such other person at such addresses as may be notified by the Company. The applicant can make
the nomination by filling in the relevant portion of the CAF. Only one nomination would be applicable for
one folio. Hence, in case the Equity Shareholder(s) has already registered the nomination with the Company, no
further nomination needs to be made for Equity Shares to be allotted in this Issue under the same folio.
In case the allotment of Equity Shares is in dematerialized form, there is no need to make a separate
nomination for the Equity Shares to be allotted in this Issue. Nominations registered with respective DP of the
applicant would prevail. If the applicant requires to change the existing nomination, they are requested to inform
their respective DP.
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