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GAMMON INDIA LIMITED

GAMMON INDIA LIMITED

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1. The QIB confirms that it is a QIB in terms of Regulation 2(1)(zd) of the SEBI Regulations and is eligible to<br />

participate in this Issue;<br />

2. The QIB confirms that it is not a Promoter and is not a person related to the Promoter, either directly or<br />

indirectly, and its Application Form does not, directly or indirectly, represent the Promoter or promoter group<br />

of the Company or a person related to the Promoter;<br />

3. The QIB confirms that it has no rights under a shareholders agreement or voting agreement with the Promoter<br />

or persons related to the Promoter, no veto rights or right to appoint any nominee director on the Board of the<br />

Company other than those acquired in the capacity of a lender not holding any Equity Shares which shall not<br />

be deemed to be a person related to the Promoter;<br />

4. The QIB has no right to withdraw its Bid after the Bid Closing Date;<br />

5. The QIB confirms that if Equity Shares are Allotted through this Issue, it shall not, for a period of one year<br />

from Allotment, sell such Equity Shares otherwise than on the Stock Exchanges;<br />

6. The QIB confirms that the QIB is eligible to Bid and hold Equity Shares so Allotted and together with any<br />

Equity Shares held by the QIB prior to the Issue, the QIB further confirms that the holding of the QIB, does<br />

not and shall not, exceed the level permissible as per any applicable regulations applicable to the QIB;<br />

7. The QIB confirms that the Application Form would not eventually result in triggering a tender offer under the<br />

Takeover Code;<br />

8. The QIB confirms that to the best of its knowledge and belief together with other QIBs in the Issue that<br />

belong to the same group or are under common control, the Allotment to the QIB shall not exceed 50 per<br />

cent. of the Issue Size. For the purposes of this statement:<br />

a. The expression “belongs to the same group” shall derive meaning from the concept of “companies under<br />

the same group” as provided in sub-section (11) of Section 372 of the Companies Act;<br />

b. “Control” shall have the same meaning as is assigned to it by clause 1(c) of Regulation 2 of the Takeover<br />

Code.<br />

9. The QIBs shall not undertake any trade in the Equity Shares credited to its Depository Participant account<br />

until such time that the final listing and trading approvals for the Equity Shares are issued by the Stock<br />

Exchanges.<br />

QIBS WOULD NEED TO PROVIDE THEIR DEPOSITORY ACCOUNT DETAILS, THEIR<br />

DEPOSITORY PARTICIPANT’S NAME, DEPOSITORY PARTICIPANT IDENTIFICATION NUMBER<br />

AND BENEFICIARY ACCOUNT NUMBER IN THE APPLICATION FORM. QIBS MUST ENSURE<br />

THAT THE NAME GIVEN IN THE APPLICATION FORM IS EXACTLY THE SAME AS THE NAME IN<br />

WHICH THE DEPOSITORY ACCOUNT IS HELD.<br />

Details such as address and bank account will be obtained from the Depositories as per the Depository Participant<br />

account details given above.<br />

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