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GAMMON INDIA LIMITED

GAMMON INDIA LIMITED

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you have no rights under a shareholders‘ agreement or voting agreement with the Promoter or persons<br />

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

of the Company other than the rights acquired, if any, in the capacity of a lender not holding any Shares<br />

of the Company, which shall not be deemed to be a person related to the Promoter;<br />

you have no right to withdraw your Bid after the Bid Closing Date;<br />

you are eligible to apply for and hold Equity Shares so allotted together with any Equity Shares held by<br />

you prior to the Issue. You further confirm that your holding upon the issue of the Equity Shares shall not<br />

exceed the level permissible as per any applicable regulation;<br />

the Bid submitted by you would not eventually result in triggering a tender offer under the SEBI<br />

(Substantial Acquisition of Shares and Takeovers) Regulations, 1997, as amended (the ―Takeover<br />

Code‖);<br />

to the best of your knowledge and belief, together with other QIBs in the Issue that belong to the same<br />

group or are under common control as you, the Allotment under the Issue shall not exceed 50 per cent. of<br />

the Issue. For the purposes of this representation:<br />

a. the expression ‗belongs to the same group‘ shall be interpreted by applying the concept of<br />

‗companies under the same group‘ as provided in sub-section (11) of Section 372 of the<br />

Companies Act; and<br />

b. ‗control‘ shall have the same meaning as is assigned to it by clause (c) of Regulation 2 of the<br />

Takeover Code.<br />

you shall not undertake any trade in the Equity Shares credited to your Depository Participant account<br />

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

Exchanges;<br />

you are aware that applications will be made to the Stock Exchanges for approval for listing and<br />

admission of the Equity Shares to trading on the Stock Exchanges‘ market for listed securities and that<br />

the application for the final listing and trading approval will be made only after Allotment of the Equity<br />

Shares in the Issue, and there can be no assurance that such final approval will be obtained on time or at<br />

all;<br />

you are aware and understand that the Joint Global Co-ordinators will have entered into a agreement with<br />

the Company whereby the Joint Global Co-ordinators have, subject to the satisfaction of certain<br />

conditions set out therein, undertaken to use their best efforts as agents of the Company to seek to<br />

procure purchasers for the Equity Shares;<br />

that the contents of this Preliminary Placement Document are exclusively the responsibility of the<br />

Company and that neither the Joint Global Co-ordinators nor any person acting on their behalf has, or<br />

shall have, any liability for any information, representation or statement contained in this Preliminary<br />

Placement Document or any information previously published by or on behalf of the Company and will<br />

not be liable for your decision to participate in the Issue based on any information, representation or<br />

statement contained in this Preliminary Placement Document or otherwise. By accepting a participation<br />

in this Issue, you agree and confirm that you have neither received nor relied on any other information,<br />

representation, warranty or statement made by or on behalf of the Joint Global Co-ordinators or the<br />

Company or any other person and neither of the Joint Global Co-ordinators nor the Company nor any<br />

other person will be liable for your decision to participate in the Issue based on any other information,<br />

representation, warranty or statement that you may have obtained or received;<br />

that the only information you are entitled to rely on, and on which you have relied in committing yourself<br />

to acquire the Equity Shares is contained in this Preliminary Placement Document, such information<br />

being all that you deem necessary to make an investment decision in respect of the Equity Shares and<br />

that you have neither received nor relied on any other information given or representations, warranties or<br />

statements made by the Joint Global Co-ordinators or the Company or their respective affiliates and<br />

neither the Joint Global Co-ordinators nor the Company or their respective affiliates will be liable for<br />

v

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