KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

BEHALF AND TOWARDS THIS PURPOSE, THE LEAD MANAGER, CHARTERED CAPITAL AND
INVESTMENTS LIMITED, HAS FURNISHED TO SEBI A DUE DILIGENCE CERTIFICATE DATED 28TH OCTOBER,
2005 IN ACCORDANCE WITH SEBI (MERCHANT BANKERS) REGULATIONS 1992 WHICH READS AS
FOLLOWS :
i) WE HAVE EXAMINED VARIOUS DOCUMENTS INCLUDING THOSE RELATING TO LITIGATION
LIKE COMMERCIAL DISPUTES, PATENT DISPUTES, DISPUTES WITH COLLABORATORS ETC.
AND OTHER MATERIALS IN CONNECTION WITH THE FINALISATION OF THE OFFER DOCUMENT
PERTAINING TO THE SAID ISSUE
ii) ON THE BASIS OF SUCH EXAMINATION AND THE DISCUSSIONS WITH THE COMPANY,
ITS DIRECTORS AND OTHER OFFICERS, OTHER AGENCIES, INDEPENDENT VERIFICATION
OF THE STATEMENTS CONCERNING THE OBJECTS OF THE ISSUE, PROJECTED
PROFITABILITY, PRICE JUSTIFICATION AND THE CONTENTS OF THE DOCUMENTS
MENTIONED IN THE ANNEXURE AND OTHER PAPERS FURNISHED BY THE COMPANY
WE CONFIRM THAT:
(a) THE OFFER DOCUMENT FORWARDED TO SEBI IS IN CONFORMITY WITH THE DOCUMENTS,
MATERIALS AND PAPER RELEVANT TO THE ISSUE;
(b) ALL THE LEGAL REQUIREMENTS CONNECTED WITH THE SAID ISSUE, AS ALSO THE GUIDELINES,
INSTRUCTIONS, ETC. ISSUED BY SEBI, THE GOVERNMENT AND ANY OTHER COMPETENT
AUTHORITY IN THIS BEHALF HAVE BEEN DULY COMPLIED WITH; AND
(c) THE DISCLOSURES MADE IN THE OFFER DOCUMENT ARE TRUE, FAIR AND ADEQUATE TO ENABLE
THE INVESTORS TO MAKE A WELL INFORMED DECISION AS TO THE INVESTMENT IN THE PROPOSED
ISSUE.
(d) WE CONFIRM THAT BESIDE OURSELVES, ALL THE INTERMEDIARIES NAMED IN THE
PROSPECTUS ARE REGISTERED WITH SEBI AND TILL DATE SUCH REGISTRATION IS VALID.
THE FILING OF PROSPECTUS DOES NOT, HOWEVER, ABSOLVE THE COMPANY FROM ANY
LIABILITIES UNDER SECTION 63 OR 68 OF THE COMPANIES ACT, 1956 OR FROM THE REQUIREMENT OF
OBTAINING SUCH STATUTORY OR OTHER CLEARANCES AS MAY BE REQUIRED FOR THE PURPOSE
OF THE PROPOSED ISSUE. SEBI, FURTHER RESERVES THE RIGHT TO TAKE UP, AT ANY POINT OF
TIME, WITH THE LEAD MANAGER ANY IRREGULARITIES OR LAPSES IN THIS PROSPECTUS.
Caution
Kamdhenu, its directors and the Lead Manager accept no responsibility for statements made otherwise than in this
prospectus or in the advertisements or any other material issued by or at the instance of the Issuer and that
anyone placing reliance on any other source of information, including Company’s web site,
www.kamdhenuispat.com, would be doing so at his or her own risk.
The Lead Manager accepts no responsibility, save to the limited extent as provided in the Memorandum of
Understanding entered into between the Lead Manager and Kamdhenu Ispat Limited.
All information shall be made available by Kamdhenu, the Lead Manager to the public and investors at large and no
selective or additional information would be available for a section of the investors in any manner whatsoever
including at road show presentations, in research or sales reports, at collection centers or elsewhere.
Disclaimer in respect of Jurisdiction
This Issue is being made in India to Indian Nationals, who are resident in India and are Adult Individuals and are not
lunatic, in single name or joint names (not more than three); Hindu Undivided Families through the Karta of the
Hindu Undivided Family; Companies, Bodies Corporate and Societies registered under the applicable laws in India
and authorised to invest in the Shares; Indian Mutual Funds registered with SEBI; Indian Financial Institutions &
Banks; Indian Venture Capital Funds / Foreign Venture Capital Funds registered with SEBI subject to the applicable
RBI Guidelines and Approvals, if any; State Industrial Development Corporations; Insurance Companies registered
with Insurance Regulatory and Development Authority; Provident Funds with minimum corpus of Rs.2500 Lacs;
Pension Funds with minimum corpus of Rs.2500 Lacs; Trusts or Societies registered under the Societies Registration
Act, 1860 or any other applicable Trust Law and are authorised under its constitution to hold and invest in Equity
Shares of a Company; Commercial Banks and Regional Rural Banks, Co-operative Banks may also apply subject
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