KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

Minimum Subscription
If the Company does not receive the minimum subscription of 90% of the net offer to public including
devolvement of Underwriters within 60 days from the date of closure of the Issue, the Company shall forthwith
refund the entire subscription amount received. If there is a delay beyond 8 days after the Company becomes liable
to pay the amount, the Company shall pay interest prescribed under Section 73 of the Companies Act, 1956.
Arrangements for Disposal of Odd Lots
No odd lot of Equity Shares will arise out of this Issue, as the tradable lot is One (1) Equity Share.
Restrictions, if any, on Transfer and Transmission of Shares and on their Consolidation/Splitting
For a detailed description in respect of restrictions, if any, on transfer and transmission of shares and on their
consolidation/splitting, please refer sub-heading “Main Provisions of the Articles of Association of Kamdhenu”
of this Prospectus.
2. Issue Procedure
Authority for the Present Issue
Present Issue of Equity Shares has been authorized by shareholders vide a Special Resolution passed at the EGM
of the Company held on October 5,2005. The Board of Directors of the Company had approved the present Issue
of Equity Shares vide a resolution passed at their meeting held on September 10, 2005
Principal Terms and Conditions of the Issue
The Equity Shares being offered are subject to the provisions of the Companies Act, Memorandum and Articles of
the Company, the terms of this Prospectus, Application Form, and other terms and conditions as may be incorporated
in the Letters of Allotment/Equity Share Certificates or other documents that may be executed in respect of the
Issue. The Equity Shares shall also be subject to laws, guidelines, notifications and regulations relating to the Issue
of capital and listing of Equity Shares offered from time to time by SEBI, Government of India, Stock Exchanges,
RBI, Registrar of Companies and/or other authorities, as in force on the date of the Issue and to the extent applicable.
Application may be made by
a) 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)
b) Hindu Undivided Families through the Karta of the Hindu Undivided Family
c) Companies, Bodies Corporate and Societies registered under the applicable laws in India and authorised to
invest in the Shares
d) Indian Mutual Funds registered with SEBI
e) Indian Financial Institutions & Banks
f) Indian Venture Capital Funds / Foreign Venture Capital Funds registered with SEBI subject to the applicable
RBI Guidelines and Approvals, if any.
g) State Industrial Development Corporations
h) Insurance Companies registered with Insurance Regulatory and Development Authority
i) Provident Funds with minimum corpus of Rs.2500 Lacs
j) Pension Funds with minimum corpus of Rs.2500 Lacs
k) 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
l) Commercial Banks and Regional Rural Banks. Co-operative Banks may also apply subject to permission
from Reserve Bank of India
m) Permanent and Regular employees of the Company
n) Non-Resident Indians (NRIs) on repatriation / non-repatriation basis
o) Foreign Institutional Investors (FIIs) on repatriation / non-repatriation basis
Applications not to be made by:
a) Minors
b) Partnership firms or their nominees
c) Foreign Nationals (except NRIs)
d) Overseas Corporate Bodies (OCBs)
116