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

� that the promoters contribution in full, shall be brought in advance before the Bid/Issue
opening date
Utilisation of Issue proceeds
The Board of Directors of the Company certify that:
(a) all monies received out of the Issue shall be transferred to a separate Bank Account other
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 this Issue referred above shall be disclosed under an
appropriate separate head in the balance sheet of the Company indicating the purpose for
which such unutilised monies have been invested; and
(c) details of all unutilised monies out of this Issue, if any, shall be disclosed under an
appropriate separate head in the balance sheet of the Company indicating the form in
which such unutilised monies have been invested.
The Company will not have recourse to the Issue Proceeds until the approval for trading of the
Equity Shares from all the Stock Exchanges where listing is sought has been received.
Procedure and Time Schedule for Transfer of Equity Shares and Disposal of Applications
and Application Money
We shall ensure dispatch of allotment advice or refund orders and give benefit to the beneficiary
account of investors with Depository Participants and submit the documents pertaining to the
allotment to the Stock Exchanges within two working days of date of finalisation of allotment of
Equity Shares. We shall dispatch refund orders, if any, of value up to Rs. 1,500, “Under Certificate
of Posting”, and shall dispatch refund orders above Rs.1, 500, if any, by Registered Post or Speed
Post at the sole or First Bidder’s sole risk. Refund orders of a value of less than Rs. 1500 shall be
dispatched under certificate of posting.
We shall use best efforts to ensure that all steps for completion of the necessary formalities for
allotment and trading at all the Stock Exchanges where the Equity Shares are proposed to be
listed, are taken within seven working days of finalisation of the basis of allotment.
In accordance with the Companies Act, the requirements of the Stock Exchanges and SEBI
Guidelines, we further undertake that:
we will allot Equity Shares only in dematerialised form within 15 days of the Bid/Issue
Closing Date;
we will ensure despatch of refund orders within 15 days of the Bid/Issue Closing Date
would be ensured; and
in Case of Delay in Despatch of allotment letters / refund orders, we shall pay
interest at 15% per annum (for any delay beyond the 15-day time period as mentioned
above), if allotment is not made and refund orders are not dispatched and/or demat credits
are not made to investors within the 15-day time prescribed above.
We will provide adequate funds required for dispatch of refund orders or allotment advice to the
Registrar to the Issue.
Refunds will be made by cheques, pay orders or demand drafts drawn on a bank appointed by the
us as a refund banker and payable at par at places where Bids are received. Bank charges, if any,
for cashing such cheques, pay orders or demand drafts at other centers will be payable by the
Bidders.
No separate receipts shall be issued for the money payable on the submission of Bid-cum-
Application Form or Revision Form. However, the collection center of the Syndicate
members will acknowledge the receipt of the Bid-cum-Application Forms or Revision Forms
by stamping and returning to the Bidder the acknowledgement slip. This acknowledgement
slip will serve as the duplicate of the Bid-cum-Application Form for the records of the
Bidder.
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