APR Constructions Limited - Saffron Capital

our Promoters have given their written consent for including the following Equity Shares as a part of Promoter‟s
contribution. The details of such lock in are set forth in the table below:
Sr.
No.
Allotment/
Transfer
Date of allotment/
transfer
Number
of
Equity
Shares
52
Issue/
acquisition
price per
Equity
Share (` )
Nature of
transaction
(cash/
other than
cash)
Consideration
(` )
Mr. Adala Prabhakara Reddy
[●] [●] [●] [●] [●] [●] [●] [●]
TOTAL (A) [●] [●] [●] [●] [●]
Mr. Pulagam Harikrishna
[●] [●] [●] [●] [●] [●] [●] [●]
TOTAL (B) [●] [●] [●] [●] [●]
Mrs. Adala Vindhyavali
[●] [●] [●] [●] [●] [●] [●] [●]
TOTAL (C ) [●] [●] [●] [●] [●]
TOTAL (A + B + C) [●] [●] [●] [●] [●]
% of
post-
Issue
Capit
al
i. In terms of SEBI (ICDR) Regulations, in addition to the lock-in of 20% of the post-issue shareholding of
the promoters for three years, the balance pre issue share capital of our Company shall be locked-in for a
period of one year from the date of Allotment in the Issue.
ii. The Equity Shares offered by the Promoters for the three years‟ lock-in are not pledged and are in
compliance with Regulation 33(1) of SEBI (ICDR) Regulations
iii. The Equity Shares that are being locked-in are not ineligible for computation of minimum Promoter‟s
contribution under Regulation 33 of the SEBI (ICDR) Regulations. In this regard, the Company
confirms that the Equity Shares being locked-in do not consist of:
a. Equity Shares acquired during the preceding three years (a) for consideration other than cash and
revaluation of assets or capitalization of intangible assets or (b) arising from bonus issue by
utilization of revaluation reserves or unrealized profits of the Company or from a bonus issue
against Equity Shares which are otherwise ineligible for computation of Promoter‟s contribution;
b. Equity Shares acquired by the Promoter during the one year preceding the date of the Draft Red
Herring Prospectus, at a price lower than the price at which Equity Shares are being offered to the
public in the Issue;
c. Equity Shares issued to the Promoter upon conversion of a partnership firm;
d. Equity Shares held by Promoter pledged with any creditor; and
e. Any private placement made by solicitation of subscription from unrelated persons, either directly
or indirectly, through any intermediary.
iv. In terms of Regulation 39 of SEBI (ICDR) Regulations, locked-in Equity Shares held by the Promoters
can be pledged with banks or financial institutions as collateral security for loans granted by such banks
or financial institutions, subject to the condition that (i) if the equity shares are locked-in, in terms of
clause (a) of Regulation 36, the loan has been granted by such bank or institution for the purpose of
financing one or more of the objects of the issue and pledge of equity shares is one of the terms of
sanction of loan; and (ii) if the equity shares are locked-in, in terms of clause (b) of Regulation 36, and
the pledge of equity shares is one of the terms of sanction of the loan. The Company is in compliance of
this Regulation 39 of the SEBI (ICDR) Regulations.
v. In terms of Regulation 40 of SEBI (ICDR) Regulations, Equity Shares held by the Promoter and lockedin
as per Regulation 36, may be transferred to and amongst the Promoters/ Promoter Group or to a new
promoter or persons in control of the Company subject to continuation of the lock-in in the hands of the
transferees for the remaining period and compliance with SEBI (Substantial Acquisition of Shares and
Takeover Regulations), 1997 as applicable. Further, in terms of Regulation 40 of the SEBI (ICDR)