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

E) Litigation pending –Customs and Excise Gold Control Appellate (‘CEGAT’)
There are none
F) Litigation pending- Money Recovery and other Civil Suits
Regional Civil Judge, Junior Division
No. 13, Civil Court, Jaipur
Summons have been issued by the Court in the name of some of our Directors in a
matter relating to our store in Jaipur for keeping the store open beyond the prescribed
working hours. The next hearing is on September 1, 2004.
G) Litigation pending- Labor, Employee and Trade Unions
Additional Labour Court, Bangalore
I.D No 86 of 2000.
S. Sampath vs. Management of Shopper's Stop Ltd.
S. Sampath Kumar has filed a suit at the Additional Labour Court, Bangalore for illegal
termination of his services as a tailor from the establishment. The case is pending for
hearing.
H) Bank / Financial Institution Defaults
There are none
I) Non Payment of Statutory Dues and/or dues towards instrument holders such as
debenture holders, fixed deposits
There are none
J) Disciplinary action taken by SEBI / Stock Exchanges against the Company
There are none
K) Prosecution with regard to enactments under Schedule XIII of the Companies Act
which are likely to affect operations and finances of the Company
There are none
L) Potential Litigation
- Shoppers’ Stop unit at Mulund has been served with a notice from the Maharashtra
labour Welfare Board for presentation of all records by the January 12, 2004. The
Company has submitted to the Maharashtra Labour Welfare Board all records for its
reference.
- Shoppers Stop had conducted a public relation exercise under the caption "the Seven
Wonders of the World" from October 19, 2001 to January 27 2002, where in artists
masquerading as famous personalities were bought to perform for the benefit of the
Public. Mr. Lyndall Grant, of USA a professional celebrity impersonator, impersonating as
Arnold Schwazenneger has alleged that Shoppers Shop has defrauded him on the terms
of his contract.The contract of the artist, Mr. Lyndall Grant, was with the event
management group Brilliant Entertainment Network, and Shoppers Stop was not a part to
the contract/ discussions with any of the artists.Brilliant Entertainment Network is
addressing the concerns raised by Landall Grant as the Contract is between them.
Shoppers Stop is not a party to the agreement.
- We face the risk of legal proceedings and claims being brought against us by our
customers or by any consumers visiting our stores for any defective product sold or any
deficiency in our services to them. Also, since we have a large number of customers /
consumers visiting our stores daily, we could face lawsuits or claims should our customers
or such consumers , due to any unforeseen incident such as fire, accident etc in our
stores, suffer any financial loss or any other damage. This may result in liabilities and
financial claims for our Company as well as loss of business and reputation.
- The Company operates a store in Bangalore at premises situated at Shoolay Tank Bed
Area, No. 17/2, Ashok Nagar, Magarath Road, Bangalore – 560 025. The premises on
which the said store has been set up have been taken by the Company on a conducting
basis from one of the Promoter companies, viz. Ivory Properties and Hotels Private
Limited. Ivory Properties and Hotels Private Limited in its turn was a lessee holding the
property under a sub-lease from K. Raheja Hotels and Estates Private Limited (which
234