APR Constructions Limited - Saffron Capital

Our Company shall use best efforts to ensure that all steps for completion of the necessary formalities for listing and
commencement of trading at all the Stock Exchanges where the Equity Shares are proposed to be listed, are taken
within twelve Working Days of the Bid/ Issue Closing Date.
In accordance with the Companies Act, the requirements of the Stock Exchanges and the SEBI (ICDR) Regulations,
our Company further undertakes that:
Allotment of Equity Shares shall be made only in dematerialised form, including the credit of Allotted Equity
Shares to the beneficiary accounts of the Depository Participants, within ten Working Days of the Bid/ Issue
Closing Date;
With respect to Bidders other than ASBA Bidders, dispatch of refund orders or in a case where the refund or
portion thereof is made in electronic manner, the refund instructions are given to the clearing system within ten
Working Days of the Bid/Issue Closing Date would be ensured. With respect to the ASBA Bidders, instructions
for unblocking of the ASBA Bidder„s Bank Account shall be made within eight Working Days from the Bid/
Issue Closing Date.
Our Company shall pay interest at 15% p.a. for any delay beyond the ten Working Days from the Bid/ Issue Closing
Date as mentioned above, if Allotment is not made and refund orders are not dispatched or if, in a case where the
refund or portion thereof is made in electronic manner, the refund instructions have not been given to the clearing
system in the disclosed manner and/ or demat credits are not made to investors within eight days from the day our
Company becomes liable to repay (i.e. ten Working Days after the Bid / Issue Closing Date or the date of refusal by
the Stock Exchange(s), whichever is earlier). If such money is not repaid within eight days from the day our Company
becomes liable to repay it, our Company and every officer in default shall, on and from expiry of eight days, be liable
to repay the money with interest at the rate of 15% as prescribed under Section 73 of the Companies Act.
Our Company will provide adequate funds required for dispatch of refund orders or allotment advice to the
Registrar to the Issue.
Interest in case of delay in dispatch of Allotment Letters or Refund Orders/ instruction to SCSBs by the
Registrar to the Issue
Our Company agrees that the Allotment of Equity Shares in the Issue shall be made not later than ten Working Days
of the Bid / Issue Closing Date. Our Company further agrees that it shall pay interest at the rate of 15% p.a. if the
Allotment letters or refund orders have not been dispatched to the applicants or if, in a case where the refund or
portion thereof is made in electronic manner, the refund instructions have not been given in the disclosed manner
within ten Working Days from the Bid/ Issue Closing Date or instructions to SCSBs to unblock funds in the ASBA
Accounts shall be given within eight Working Days of the Bid/Issue Closing Date, as the case may be.
Our Company will provide adequate funds required for dispatch of refund orders or Allotment advice to the Registrar
to the Issue.
Refunds will be made by cheques, pay-orders or demand drafts drawn on a bank appointed by our Company as a
Refund Bank and payable at par at places where Bids are received. Bank charges, if any, for encashing such cheques,
pay-orders or demand drafts at other centres will be payable by the Bidders.
Letters of Allotment or Refund Orders or Instruction to the SCSBs
Applicants residing at the centres where clearing houses are managed by the RBI, will get refunds through ECS /
NECS only except where applicant is otherwise disclosed as eligible to get refunds through direct credit and / or
RTGS. Our Company shall ensure dispatch of refund orders, by registered post or speed post at the sole or First
Bidder‟s sole risk within ten Working Days of the Bid/ Issue Closing Date. Bidders to whom refunds are made
through electronic transfer of funds will be sent a letter through ordinary post, intimating them about the mode of
credit of refund within ten days of the Bid/ Issue Closing Date. In case of ASBA Bidders, the Registrar to the Issue
shall instruct the relevant SCSBs to unblock the funds in the relevant ASBA Account to the extent of the Bid Amount
specified in the ASBA Bid cum Application Forms for withdrawn, rejected or unsuccessful or partially successful
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