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

SECTION VII: STATUTORY AND OTHER INFORMATION
STATUTORY AND OTHER INFORMATION
Consents
Consents in writing of: (a) the Directors, the Company Secretary, the Auditors, Legal Advisors to
the Issue, Legal Advisors to the Company, Bankers to the Company and Bankers to the Issue; and
(b) Book Running Lead Managers to the Issue, Escrow Collection Bankers and Registrars to the
Issue, to act in their respective capacities, have been obtained and filed along with a copy of the
Red Herring Prospectus / Prospectus with the Registrar of Companies, Maharashtra at Mumbai as
required under Section 60 and Section 60 B of the Companies Act and such consents have not
been withdrawn up to the time of filing of the Prospectus with RoC.
Deloitte Haskins & Sells, Chartered Accountants and our statutory auditors have given their
written consent to the inclusion of their report in the form and context in which it appears in the draft
Red Herring Prospectus and such consent and report has not been withdrawn up to the time of
delivery of the draft Red Herring Prospectus for registration with the Registrar of Companies,
Maharashtra at Mumbai.
Deloitte Haskins & Sells, Chartered Accountants, have given their consent to the tax benefits
accruing to us and our members in the form and context in which it appears in the draft Red
Herring Prospectus and has not withdrawn the same up to the time of delivery of the draft Red
Herring Prospectus for registration with the Registrar of Companies, Maharashtra at Mumbai.
Minimum Subscription
If our Company does not receive the minimum subscription of 90% of the Net Offer to the Public
including devolvement of Underwriters, if any, within 60 days from the Bid/ Issue Closing Date, our
Company shall forthwith refund the entire subscription amount received. If there is a delay beyond
8 days after the Company becomes liable to pay the amount, our Company shall pay interest as
per section 73 of the Companies Act. Hence if the company does not receive the minimum
subscription of 90% of the Net Offer to the Public including devolvement of Underwriters, if any,
within 60 days from the Bid/ Issue Closing Date, our Company shall forthwith refund the entire
subscription amount received. If there is a delay beyond 8 days after the Company becomes liable
to pay the amount, our Company shall pay interest as per section 73 of the Companies Act.
Further, our Issue is subject to the fulfillment of the condition required by the SCRR, Rule 19(2)(b)
that the:
The size of the Net Offer to Public, which is the Issue Price multiplied by the number of equity
shares offered to the public, is a minimum of Rs.1,000 Million.
Expert Opinion
Save as stated elsewhere in the Draft Red Herring Prospectus, we have not obtained any expert
opinions.
Changes in Auditors during the last three financial years and reasons thereof
Name of the Auditors Resign Appoin Audited for Reasons for Change
ation tment the Financial
date / date Year ended
Deloitte Haskins & Sells
Arthur Andersen &
Associates
April 27,
2002
May
20,2002
315
March 31,
2003 and 2004
Procedure and Time Schedule for Allotment of Equity Shares
Appointed by a ordinary
resolution passed in AGM
held on May 20, 2002
March 31 2002 Ceased operations
We reserve at our sole, absolute and uncontrolled discretion and without assigning any reason
thereof, the right to accept or reject any Bid in whole or in part. In case a Bid is rejected in full, the
whole of the Bid Amount will be refunded to the Bidder within 15 days of the Bid Closing Date. In