Shriram City Union Finance Limited - Karvy

from the date of receipt of the application (being the date of presentation of each application as acknowledgedby the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rateof [●]% per annum.Our Company has a right to withdraw the Issue at anytime 2 (two) days prior to Issue closing date for receivingsubscription in the Issue. Our Company shall in the event of such withdrawal, subject to receipt of a minimumsubscription of 75 % of the Base Issue, i.e. ` 37,500 lakhs, allot NCDs to all applicants who have applied for NCDsupto one day prior to the date by which Company gives notice for withdrawal of Issue. Further our Companyshall pay interest on application money on the amount allotted, subject to deduction of income tax under theprovisions of the Income Tax Act, 1961, as amended, as applicable, to any applicants to whom NCDs are allottedpursuant to the Issue from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from thedate of receipt of the application (being the date of presentation of each application as acknowledged by theBankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rate of[●]% per annum. However, it is clarified that in the event that our Company does not receive a minimumsubscription of 75 % of the Base Issue, i.e. ` 37,500 lakhs our Company will not allot any NCDs to applicants.Our Company may enter into an arrangement with one or more banks in one or more cities for direct credit ofinterest to the account of the applicants. Alternatively, the interest warrant will be dispatched along with theLetter(s) of Allotment at the sole risk of the applicant, to the sole/first applicant.Interest on application monies received which are liable to be refundedOur Company shall pay interest on application money which is liable to be refunded to the applicants inaccordance with the provisions of the Debt Regulations and/or the Companies Act, or other applicablestatutory and/or regulatory requirements, subject to deduction of income tax under the provisions of the IncomeTax Act, 1961, as amended, as applicable, from the date of realization of the cheque(s)/demand draft(s) or 3(three) days from the date of receipt of the application (being the date of presentation of each application asacknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date ofAllotment, at the rate of [●]% per annum. Such interest shall be paid along with the monies liable to be refunded.Interest warrant will be dispatched / credited (in case of electronic payment) along with the Letter(s) of Refundat the sole risk of the applicant, to the sole/first applicant.In the event our Company does not receive a minimum subscription of 75 % of the Base Issue, i.e. ` 28,125 lakhson the date of closure of the Issue, our Company shall pay interest on application money which is liable to berefunded to the applicants in accordance with the provisions of the Debt Regulations and/or the CompaniesAct, or other applicable statutory and/or regulatory requirements, subject to deduction of income tax under theprovisions of the Income Tax Act, 1961, as amended, as applicable, from the date of realization of thecheque(s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date ofpresentation of each application to the Bankers to the Issue as acknowledged) whichever is later upto one dayprior to the date of closure of the Issue or one day prior to the date on which Company gives notice forwithdrawal of Issue, as the case may beat the rate of [●]% per annum. Such interest shall be paid along with themonies liable to be refunded.Provided that, notwithstanding anything contained hereinabove, our Company shall not be liable to pay any intereston monies liable to be refunded in case of (a) invalid applications or applications liable to be rejected, and/or (b)applications which are withdrawn by the applicant. Please refer to “Rejection of Application” at page 159 of thisDraft Prospectus.150