INDIAN RAILWAY FINANCE CORPORATION LIMITED

Category IV portion being fully subscribed) or extension by such period, upto a period of 30 days from the dateof opening of the Issue, as may be decided by the Board of Directors or the Bond Committee. In the event ofsuch early closure or extension of the subscription period of the Issue, our Company shall ensure that publicnotice of such early closure or extension is published on or before the day of such early date of closure or theIssue Closing Date, as the case may be, through advertisement/s in at least one leading national daily newspaper.Our Company shall allot Bonds with respect to the Applications received till the time of such pre-closure inaccordance with the Basis of Allotment as described hereinabove and subject to applicable statutory and/orregulatory requirements.Utilisation of Application AmountsThe sum received in respect of the Issue will be kept in separate bank accounts and we will have access to suchfunds as per applicable provisions of law(s), regulations and approvals.Utilisation of the proceeds of the Issue(a) All monies received pursuant to the Issue of Bonds to public shall be transferred to a separate bank accountother than the bank account referred to in sub-section (3) of section 73 of the Companies Act.(b) Details of all monies utilised out of Issue referred to in sub-item (a) shall be disclosed under an appropriateseparate head in our Balance Sheet indicating the purpose for which such monies had been utilised.(c) Details of all unutilised monies out of issue of Bonds, if any, referred to in sub-item (a) shall be disclosedunder an appropriate separate head in our Balance Sheet indicating the form in which such unutilisedmonies have been invested.(d) We shall utilize the Issue proceeds only upon creation of security as stated in this Prospectus Tranche-1,receipt of the listing and trading approval from the Stock Exchanges.(e) The Issue proceeds shall not be utilized towards full or part consideration for the purchase or any otheracquisition, inter alia by way of a lease, of any property.(f) All subscription monies received from FIIs and Eligible NRIs (and other non resident Applicants across allCategories) through the Issue shall be kept in a separate account opened and maintained by the Company,the proceeds of which account shall not be utilised for any lending purposes in terms of the FEMABorrowing Regulations.ImpersonationAttention of the Applicants is specifically drawn to the provisions of sub-section (1) of section 68 A of theCompanies Act, which is reproduced below:“Any person who:a) makes in a fictitious name, an application to a company for acquiring or subscribing for, any shares therein,orb) otherwise induces a company to allot, or register any transfer of shares, therein to him, or any other personin a fictitious name,shall be punishable with imprisonment for a term which may extend to five years.”ListingThe Bonds are proposed to be listed on the Stock Exchanges. Our Company has applied for an in-principleapproval to the Stock Exchanges for permission to deal in and for an official quotation of our Bonds. Theapplication for listing of the Bonds will be made to the Stock Exchanges at an appropriate stage.If permissions to deal in and for an official quotation of our Bonds are not granted by the Stock Exchanges, our84