APR Constructions Limited - Saffron Capital

OTHER REGULATORY AND STATUTORY DISCLOSURES
Authority for the Issue
Our Board of Directors has pursuant to a resolution dated February 16, 2011 authorized this Issue subject to approval
by the shareholders of our Company. The shareholders of our Company have approved this Issue under section
81(1A) of the Companies Act, 1956 by a special resolution passed at our Extra Ordinary General Meeting held on
February 22, 2011.
Our Company has received in-principle approvals for listing and trading of Equity Shares from BSE and NSE vide
letters dated [] and [], respectively.
Prohibition by SEBI
Our Company, our Promoters, our Directors, the Promoter Group, or person(s) in control of our Company, Group
Companies have not been prohibited from accessing or operating in the capital markets or restrained from buying,
selling or dealing in securities under any order or directions passed by SEBI or the RBI or any other regulatory or
governmental authority. None of our Directors are associated with the securities market. Our Company has not
applied for listing of our securities on any stock exchange in past.
Further, our Promoters, relatives of the promoters, Associates, Promoter Group Companies and its Directors and the
companies in which the Directors are associated as directors, have not been declared as willful defaulters by the RBI /
any other government authorities and there are no violations of securities laws committed by them in the past and no
proceedings are pending against them.
Eligibility for the Issue
Our Company is eligible for the issue in accordance with Regulation 26(1) of the SEBI (ICDR) Regulations as
explained under, based on the financial statements of our Company under Indian GAAP:
Our Company has net tangible assets of atleast ` 300 lakhs in each of the preceding three full years. The
monetary assets held by our Company for the financial year ended 31 st March 2010, 2009 and 2008 are not more
than 50% of the net tangible assets out of three preceding full years;
Our Company has a track record of distributable profits in accordance with Section 205 of Companies Act, for at
least three of the immediately preceding five years;
Our Company has a net worth of at least `100 lakhs in each of the three preceding full years
The aggregate of the proposed Issue size and all previous issues made in the same financial year in terms of size
(i.e. offer through the offer document + firm allotment + promoter‟s contribution through the offer document) is
not expected to exceed five times the pre-issue net worth of our Company as per the audited balance sheet of the
last financial year;
Our Company has not changed its name during the last one year.
Further, we undertake that the number of allottees in the Issue shall be least 1,000. Otherwise the entire application
money shall be refunded forthwith. In case of delay, if any, in refund, our Company shall pay interest on the
application money at the rate of 15% p.a. for the period of delay.
Based on the Statutory Auditor certificate dated March 01, 2011 our Company‟s net tangible assets, monetary assets,
net profit and net worth derived from our Restated Financial Statements for the last five years are set forth below:
195