Shopper's Stop Limited - Securities and Exchange Board of India

efusal of transfer/transmission of shares and reference to statutory and regulatory authorities and such
other authorities as may be granted by the Board of Directors from time to time.
Shareholding of Directors
The Company’s Articles do not require our Directors to hold any Equity Shares as qualification shares in
our Company. The following table details the shareholding of our Directors in their personal capacity and
either as sole or first holder, as at the date of this draft Red Herring Prospectus.
Sr.
No
Name of the Directors Face
Value
No. of Equity
Shares Pre-
Issue
77
% of Pre-Issue Share Capital
1 Mr. Chandru L. Raheja Rs.10/- 225,000 0.82%
2 Mr. Ravi C. Raheja Rs.10/- 500,000 1.82%
3 Mr. Neel. C. Raheja Rs.10/- 525,000 1.91%
4 Mr. Chandru L. Raheja
jointly with Mrs. Jyoti C.
Raheja
5 Mr. Ravi C. Raheja jointly
with Mr. Chandru L. Raheja
and Mrs. Jyoti C. Raheja
6 Mr. Neel C. Raheja jointly
with Mr. Chandru L. Raheja
and Mrs. Jyoti C. Raheja
7 Mr. B.S. Nagesh jointly with
Mrs. Shailaja Nagesh
Rs.10/- 123,750 0.45%
Rs.10/- 50,000 0.18%
Rs.10/- 50,000 0.18%
Rs.10/- 225,000 0.82%
Interest of the Directors
All Directors of Shopper’s Stop may be deemed to be interested to the extent of fees, if any, payable to
them for attending meetings of the Board or a Committee thereof as well as to the extent of other
remuneration, reimbursement of expenses payable to them under our Articles. The CCA, Managing
Director and CEO is interested to the extent of remuneration paid to him for services rendered by him. All
our Directors may also be deemed to be interested to extent of Equity Shares held, if any, already held by
them or their relatives in Shopper’s Stop, or that may be subscribed for and allotted to them, out of the
present Issue in terms of this draft Red Herring Prospectus and also to the extent of any dividend payable
to them and other distributions in respect of the said Equity Shares.
Our Directors may also be regarded as interested in the Equity Shares, if any, held by or that may be
subscribed by and allotted to the companies, firms and trusts forming part of the Promoters, in which they
are interested as directors, members, partners or trustees.
All Directors may be deemed to be interested in the contracts, agreements/arrangements entered into or
to be entered into by us with any other company in which they hold Directorships or any partnership firm
in which they are partners.
Except as disclosed in this draft Red Herring Prospectus we have not entered into any contracts in the
last two years from the date of this draft Red Herring Prospectus, in which our Directors are interested,
directly or indirectly, and no payments have been made to them in respect of these contracts, or is
proposed to be made to them other than as mentioned in “Financial Statements - Related Party
Transactions.”, “Objects of the Issue” and “Management’s Discussion and Analysis of Financial
Condtions and Results of Operations”and except for IL&FS Investsmart Limited who have been
appointed as Co-Book Running Managers, Syndicate Members and Underwriters to this Issue. Mr. Neel
C Raheja, who is our Director is also a director on the board of IL&FS Investsmart Limited.
Term of Office
In accordance with the provisions of the Companies Act and our Articles of Association all our Directors
are required to retire by rotation except Mr. C. L. Raheja, Mr. Ravi Raheja and Mr. Neel Raheja. For
details of the terms of appointment of the Directors, please refer to the section titled ‘Statutory and Other
information” on page no 315 of this draft Red Herring Prospectus.