LETTER OF OFFER - Securities and Exchange Board of India

6.11. In accordance with Regulation 27(7) of SEBI (SAST) Regulations, 2011, the Manager to the Open
Offer shall file a final report with SEBI within fifteen Working Days from the Closure of the Tendering
Period of the Open Offer confirming status of completion of various Open Offer requirements.
6.12. The acceptance of the Open Offer is entirely at the discretion of the Shareholders of the Target
Company. The Acquirer and PACs will not be responsible for any loss of share certificate(s) and Open
Offer acceptance documents during transit and the Shareholders of the Target Company are advised to
adequately safeguard their interests in this regard.
6.13. Accidental omission to dispatch this Letter of Offer to any person to whom this Open Offer has been
made to or non-receipt of this Letter of Offer by any such person shall not invalidate the Open Offer in
any way.
6.14. The acceptance of this Open Offer must be unconditional and should be sent with the attached Form of
Acceptance-cum Acknowledgement duly filled in, signed by the applicant Shareholder(s) which should
be received by the Registrar to the Open Offer at the address mentioned in paragraph 7.4 of this Letter
of Offer on or before Monday, April 02, 2012. In the event any change or modification is made to Form
of Acceptance-cum Acknowledgement or if any condition is inserted therein by the Shareholder, the
Manager, the Acquirer and the PACs reserve the right to reject the acceptance of the Open Offer by the
Shareholder.
6.15. As of December 31, 2011, the Target Company had no Shares which were locked in. (Source: BSE
website)
6.16. Statutory & Other Approvals
6.16.1. As of the date of this Letter of Offer, there are no statutory approvals required by the Acquirer and/or
the PACs to complete this Open Offer. However, in case of any statutory approvals being required by
the Acquirer and/or the PACs at a later date before the Closure of the Tendering Period, the Open Offer
shall be subject to all such approvals and the Acquirer and/or the PACs shall make the necessary
applications for such approvals.
6.16.2. The Acquirer and the PACs, will have the right not to proceed with the Open Offer in the event the
statutory approvals indicated above are refused, in accordance with Regulation 23 of the SEBI (SAST)
Regulations, 2011. In the event of withdrawal of the Open Offer, a public announcement will be made
within 2 working days of such withdrawal, in the same newspapers in which the DPS was published.
6.16.3. In case of delay in receipt of any statutory approvals which may be required at a later date before the
Closure of the Tendering Period, as per Regulation 18(11) of the SEBI (SAST) Regulations, 2011,
SEBI may, if satisfied, that non-receipt of approvals was not attributable to any wilful default, failure
or neglect on the part of the Acquirer / PACs to diligently pursue such approvals, grant an extension of
time for the purpose of completion of the Open Offer subject to the Acquirer/ PACs agreeing to pay
interest to the Shareholders for delay beyond 10 Working Days at such rate as may be specified by
SEBI from time to time. Provided where the statutory approvals extends to some but not all
Shareholders, the Acquirer/PACs have the option to make payment to such Shareholders in respect of
whom no statutory approvals are required in order to complete the Open Offer.
6.16.4. NRI and OCB Shareholders, if any, must obtain all requisite approvals required to tender the Shares
held by them pursuant to the Open Offer and submit such approvals along with the Form of Acceptance
cum Acknowledgement and other documents required to accept this Open Offer. Further, if
Shareholders who are not persons resident in India (including NRIs, OCBs and FIIs) had required any
approval from the RBI or the FIPB or any other regulatory body in respect of the Shares held by them
in the Target Company, they will be required to submit such previous approvals that they would have
obtained for holding the Shares of the Target Company to tender Shares held by them pursuant to the
Open Offer, along with the Form for Acceptance-cum Acknowledgement and other documents
required to be tendered to accept this Open Offer. In the event such approvals are not submitted, the
Acquirer and the PACs reserve the right to reject such Shares tendered in the Open Offer.
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