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

OUR SUBSIDIARIES
We have the following subsidiaries:
Crossword Bookstores
Ltd 51%
Upasna Trading Limited (UTL)
Upasna Trading Ltd
100%
Shopper's Stop
Shopper's Stop . Com
(India)Ltd 100%
UTL was incorporated on December 8, 1995, as a private limited company under the Companies Act with
the name Upasna Trading Private Limited. The registered office of the company is situated at
Construction House ‘A’, 24 th Road, Khar (West) Mumbai - 400 052.
UTL became a deemed public limited company with effect from March 23, 1999 pursuant to the
provisions of erstwhile Section 43A of the Companies Act. Pursuant to an amendment in the year 2000,
to the Companies Act, UTL was converted from a deemed public company to a full-fledged public
company with effect from March 12, 2003 and a fresh Certificate of Incorporation was issued by the
Registrar of Companies Maharashtra, at Mumbai.
The main objects of UTL are to carry on business as traders, dealers, agents, of merchandise, goods,
articles, commodities, produce, substances and materials for the purpose of local trade and exports and
to specially deal in as exporters, importers, buyers, sellers and merchants of hardware, building material,
metal ware, tools, fixtures, implements and any other industrial, non industrial, and consumer products
and all other products in India and abroad.
We initially acquired 790 equity shares of Rs 100 each in UTL from some of the existing shareholders
and increased our stake in the company to 1265 Equity Shares (25.3% of the equity capital) on March 23,
1999 at a purchase price of Rs 100 per share. We subsequently enhanced our holding in UTL to 100%
by acquiring the balance 3725 equity shares from the K Raheja Corp Group (Chandru L Raheja Group) at
par on February 29, 2000.
A Deed of Assignment dated April 6, 2000 was executed between Shopper’s Stop Limited and UTL
wherein certain trademarks like STOP (Label and Color Scheme), STOP (Device), STOP (Label) and I
(In-house brand) were assigned in favor of Upasna Trading Limited for a consideration of Rs.500,000
(Rupees five hundred thousand only).. UTL was one of our suppliers for garments and accessories and
discontinued its trading operations from January 2003.
A Deed of Assignment dated March 29, 2004 was executed between UTL and Shopper’s Stop Ltd for
assigning the trademarks STOP ( label with colour schemes), STOP (device), STOP (label), ! ( Label), !
(in-house brand), STOP, LIFE, KARROT, KASHISH for a total consideration of Rs. 900,000 (Rupees nine
hundred thousand only).
UTL now handles our distribution and logistic function since February 2000 and operates through four
Distribution Centers located in Mumbai, Bangalore, New Delhi and Kolkatta.
91
Shopper's Stop Services
(India)Ltd 100%