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APR Constructions Limited - Saffron Capital

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Disclaimer in Respect of Jurisdiction<br />

This Issue is being made in India to persons resident in India, including Indian national residents in India who are<br />

majors, HUFs, companies, corporate bodies and societies registered under the applicable laws in India and authorised<br />

to invest in shares, Indian Mutual Funds registered with SEBI, Indian financial institutions, commercial banks,<br />

regional rural banks, co-operative banks (subject to RBI‟s permission), or trusts under applicable trust law and who<br />

are authorised under their constitution to hold and invest in shares, public financial institutions as specified in Section<br />

4A of the Companies Act, state industrial development corporations, insurance companies registered with the IRDA,<br />

provident funds (subject to applicable law) with minimum corpus of `2500 lakhs and pension funds with minimum<br />

corpus of `2500 lakhs, National Investment Fund set up by Government of India, Insurance funds set up and managed<br />

by army, navy or airforce of the union of India, eligible for bidding in this Issue and Insurance funds set up and<br />

managed by the Department of Posts, India, VCFs and permitted Non-Residents including FIIs, their Sub-Accounts,<br />

FVCIs, multilateral and bilateral financial institutions and Eligible NRIs and other eligible foreign investors, if any,<br />

provided that they are eligible under all applicable laws and regulations to purchase the Equity Shares.<br />

This Draft Red Herring Prospectus will not, however, constitute an offer to sell or an invitation to subscribe for<br />

Equity Shares offered hereby in any jurisdiction other than India to any person to whom it is unlawful to make an<br />

offer or invitation in such jurisdiction. Any person into whose possession this Draft Red Herring Prospectus comes is<br />

required to inform himself or herself about, and to observe, any such restrictions. Any dispute arising out of this Issue<br />

will be subject to the jurisdiction of appropriate court(s) in Hyderabad, India only.<br />

No action has been, or will be, taken to permit a public offering in any jurisdiction where action would be required for<br />

that purpose, except that this Draft Red Herring Prospectus has been filed with the SEBI for its observations.<br />

Accordingly, the Equity Shares represented hereby may not be offered or sold, directly or indirectly, and this Draft<br />

Red Herring Prospectus may not be distributed in any jurisdiction, except in accordance with the legal requirements<br />

applicable in such jurisdiction. Neither the delivery of this Draft Red Herring Prospectus nor any sale hereunder shall,<br />

under any circumstances, create any implication that there has been no change in the affairs of our Company from the<br />

date hereof or that the information contained herein is correct as of any time subsequent to this date.<br />

Transfer Restrictions<br />

The Equity Shares have not been and will not be registered under the Securities Act or any state securities laws<br />

in the United States and may not be offered or sold within the United States (as defined in Regulation S under<br />

the Securities Act), except pursuant to an exemption from or in a transaction not subject to, the registration<br />

requirements of the Securities Act. Accordingly, the Equity Shares are only being offered or sold outside the<br />

United States to certain persons in offshore transactions in compliance with Regulation S under the Securities<br />

Act and the applicable laws of the jurisdictions where those offers and sales occur.<br />

The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other<br />

jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such<br />

jurisdiction, except in compliance with the applicable laws of such jurisdiction.<br />

Disclaimer Clause of the BSE<br />

As required, a copy of this Draft Red Herring Prospectus shall be submitted to the BSE. The disclaimer clause as<br />

intimated by the BSE to us, post scrutiny of this Draft Red Herring Prospectus, shall be included in the Red Herring<br />

Prospectus prior to filing the same with the RoC.<br />

Disclaimer Clause of the NSE<br />

As required, a copy of this Draft Red Herring Prospectus shall be submitted to the NSE. The disclaimer clause as<br />

intimated by the NSE to us, post scrutiny of this Draft Red Herring Prospectus, shall be included in the Red Herring<br />

Prospectus prior to filing the same with the RoC.<br />

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