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

GENERAL INFORMATION
Shopper’s Stop Limited
Shopper’s Stop Limited was incorporated on June 16, 1997 as a private limited company and became a
deemed public limited company pursuant to the provisions of the erstwhile Section 43A of the Act on
December 8, 1997. Subsequent to discontinuation of the Section 43A of the Act, our Company was
converted into a full fledged public company from a deemed public company.
Registered Office:
”Eureka Towers”, 9 th Floor,
Plot No. 504,
Mindspace, Link Road,
Malad (West),
Mumbai - 400 064. (India)
Phone: +91-22- 2880 9898 – 2844 7337
Fax: +91-22-2880 8877
Corporate and Service Office:
”Eureka Towers”, 9 th Floor,
Plot No. 504,
Mindspace, Link Road,
Malad (West),
Mumbai - 400 064. (India)
Phone: +91-22- 2880 9898 – 2844 7337
Fax: +91-22-2880 8877
Website: www.shoppersstop.com
Email: ipo@shoppersstop.co.in
Authority for the Issue
The Issue of Equity Shares has been authorized by special resolutions adopted pursuant to Section
81(1A) of the Companies Act, at an Extra Ordinary General Meeting of our members held on March 31,
2004 and an Annual General Meeting of our members held on July 30, 2004. The Board of Directors has
pursuant to resolutions passed at meetings held on October 20, 2003, January 24, 2004 and March 29,
2004 authorized a Committee, referred to as IPO Committee, to take decisions on behalf of the Board in
relation to the Issue.
Prohibition by SEBI
The Company, its Directors, its Promoters, other companies promoted by the Promoters and companies
with which the Company’s Directors are associated as directors have not been prohibited from accessing
the capital markets under any order or direction passed by SEBI. None of the directors or persons in
control of our Promoters has been prohibited from accessing the capital market under any order or
direction passed by SEBI.
Eligibility for the Issue
As per clause 2.2.1 of SEBI Guidelines, an unlisted company may make an initial public offering of equity
shares, only if it meets the following conditions; with eligibility criteria calculated in accordance with
unconsolidated financial statements under Indian GAAP:
a) The Company has net tangible assets of at least Rs.30 million in each of the preceding three
full years (of 12 months each) of which not more than 50% are held in monetary assets.
b) The Company has a track record of distributable profits as per Section 205 of Companies Act,
for at least three out of immediately preceding five years.
For calculating distributable profits in terms of Section 205 of the Companies Act extra-ordinary
items shall not be considered;
c) The Company has a net worth of at least Rs.10 million in each of the preceding three full years
of 12 months each;
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