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

L) Arrears on cumulative preference shares by the K Raheja Corp Group entities
and/or companies /firms promoted by the K Raheja Corp Group entities
There are none disclosed.
M) Pending Litigations of companies/firms/ventures with which the K Raheja Corp
Group entities were associated in the past in case their names continue to be
associated with the particular litigations
There are none disclosed.
N) Potential Litigation
- Mr. Kirit Mehta, Chairman & Managing Director of Astha Broadcasting Network
Ltd., (company) Andheri, Mumbai and Chalet Hotels Limited.
The aforesaid company Astha Broadcasting Network Ltd. has failed to pay a sum of Rs.
Rs.2,82,946.94 plus interest thereon against Bill No. 23493 dated 20.2.2004 raised on
them by the Marriott Executive Apartments , a division of Chalet Hotels Limited in respect
of Mr. Kirit Mehta, its Chairman & Managing Director for his stay and other services
availed by him at the Marriott Executive Apartments during the period from 10.12.2003 to
20.2.2004. Chalet Hotels Ltd is contemplating to take legal action against Mr. Kirit Mehta
and the company Astha Broadcasting Network Ltd.in respect of these dues.
-As on the date of this draft Red Herring Prospectus, there are family disputes between
some of our Promoters and the G. L. Raheja family as a result of which there could arise,
from time to time, claims and counterclaims, between some of our Promoters and the G.
L. Raheja family. Some of these claims and counterclaims may have an impact on our
Promoters. The existence, value, impact and resulting liability, if any with regard to such
claims cannot be ascertained as on the date of this draft Red Herring Prospectus. Further
due to the nature of the family disputes and given that follow-up action with respect to the
distribution of the Mumbai Undivided Entities and South Undivided Entities was not
completed and is outstanding,
(a) as on the date of this draft Red Herring Prospectus our Promoters are unable to
disclose any information with respect to the outstanding andor potential litigations
relating to the Mumbai Undivided Entities ;
(b) neither we nor our Promoters can, as on the date of this draft Red Herring
Prospectus ascertain the accuracy or the completeness of the disclosures
relating to outstanding andor potential litigations of the Southern Undivided
Entities or the Residual Entities as made in this draft Red Herring Prospectus.
Further our Promoters are unable to state with certainty about any liability or contingent
liability in respect of the said entities.
V Litigation By and /or Against the Southern Undivided Entities
As on the date of this draft Red Herring Prospectus, there are family disputes between some
of our Promoters and the G. L. Raheja family as a result of which there could arise, from time
to time, claims and counterclaims, between some of our Promoters and the G.L. Raheja
family. Some of these claims and counterclaims may have an impact on our Promoters. Our
Promoters believe that such claims and counterclaims may not have a material impact on our
Company except for the dispute relating to the premises from which we operate our store at
Bangalore . Nevertheless, the existence, value, impact and resulting liability, if any with
regard to such claims cannot be ascertained as on the date of this draft Red Herring
Prospectus. Further due to the nature of the family disputes and given that follow-up action
with respect to the distribution of the Mumbai Undivided Entities and South Undivided Entities
was not completed and is outstanding,
(a) as on the date of this draft Red Herring Prospectus our Promoters are unable to disclose
any information with respect to the Mumbai Undivided Entities;
(b) neither we nor our Promoters can, as on the date of this draft Red Herring Prospectus
ascertain the accuracy or the completeness of the disclosures relating to the Southern
Undivided Entities as made in this draft Red Herring Prospectus.
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