APR Constructions Limited - Saffron Capital

Schedule of Implementation
Particulars
Expected
Expected Completion
Commencement
Procurement of Construction Equipment January 2012 March 2012
Estimated Schedule of Deployment of Funds
Particulars
Expenses
incurred till
February 01,
2011
Deployment
FY 2011-12 FY 2012-13
(`Lakhs)
Fund
Requirements
Procurement of Construction Equipment Nil 4,198.71 - 4,198.71
Long-term Working Capital Requirements Nil 4,034.28 - 4,034.28
General Corporate Purposes Nil [] [] []
To meet Issue Expenses 41.97 [] [] []
Total 41.97 [] [] []
Appraisal
The funds requirement and funding plans are based on internal estimates of our Company and have not been
appraised by any bank/financial institution.
Interim Use of Proceeds
Our management, in accordance with the policies established by the Board, will have flexibility in deploying the
proceeds received from the Issue. The particular composition, timing and schedule of deployment of the proceeds will
be determined by us based upon the development of the projects. Pending utilization of the proceeds out of the Issue
for the purposes described above, our Company intends to temporarily invest the funds in high quality interest bearing
liquid instruments including deposits with banks, investment in mutual funds or other investment grade interest
bearing securities as may be approved by the Board such as principal protected fund, rated debentures, etc. Such
investments would be in accordance with the investment policies approved by the Board from time to time.
Monitoring Utilization of Funds
In terms of Regulation 16(1) of the SEBI (ICDR) Regulations, we are not required to appoint a monitoring agency for
the purposes of this Issue. As required under the listing agreements with the Stock Exchanges, the Audit Committee
appointed by our Board will monitor the utilization of the Issue proceeds. We will disclose the utilization of the
proceeds of the Issue, including interim use, under a separate head in our quarterly financial disclosures and annual
audited financial statements until the Issue Proceeds remain unutilized, as required under the applicable law and
regulation.
No part of the Proceeds from the Issue will be paid by our Company as consideration to our Promoters, Promoter
Group, our Directors, Group Companies or Key Managerial Personnels, except in the normal course of our business.
For risks associated with our "Objects of the Issue", please refer to the section titled "Risk Factors" beginning on page
13 of this Draft Red Herring Prospectus.
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