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lumax auto technologies limited - Securities and Exchange Board of ...

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Lumax Auto Technologies Limited<br />

Friends <strong>and</strong> Associates 17,24,380 20.01 17,24,380 14.83<br />

Employee 30 0.00 30 0.00<br />

48,40,643 56.16 48,40,643 41.62<br />

Total Promoters<br />

Holding (A+B)<br />

Others (C )<br />

86,19,002 100.00 86,19,002 74.10<br />

Public 0 0.00 30,12,000 25.90<br />

Total C 0 0.00 30,12,000 25.90<br />

Total (A+B+C) 86,19,002 100.00 1,16,31,002 100.00<br />

8. As on date <strong>of</strong> filing <strong>of</strong> Draft Prospectus with SEBI, the issued capital <strong>of</strong> the company is fully<br />

paid up.<br />

9. No single applicant can make an application for number <strong>of</strong> shares, which exceeds the<br />

number <strong>of</strong> shares <strong>of</strong>fered<br />

10. As per SEBI Guidelines, a minimum <strong>of</strong> 50% <strong>of</strong> the net <strong>of</strong>fer to the public is reserved for<br />

allotment to individuals investors applying for Equity Shares <strong>of</strong> or a value <strong>of</strong> not more than<br />

Rs 1,00,000/-.The remaining 50% <strong>of</strong> net <strong>of</strong>fer to the public is reserved for individuals<br />

applying for Equity Shares <strong>of</strong> a value more than Rs 1,00,000/- <strong>and</strong> corporate bodies<br />

/institutions etc. Unsubscribed portion in either <strong>of</strong> these categories shall be added to the<br />

other category interchangeably.<br />

11. The Company has not issued any Equity Shares out <strong>of</strong> revaluation reserves or for<br />

consideration other than cash, except the following:<br />

i. 12,72,222 Equity Shares <strong>of</strong> Rs. 10/- each to promoters/associates/friends as a share swap<br />

deal with Lumax DK Auto Industries Limited.<br />

12. We have issued 3,19,297 Equity Shares <strong>of</strong> Rs. 10/- each as bonus shares by capitalization <strong>of</strong><br />

reserves as given below:<br />

Sr. No. Date <strong>of</strong> Allotment No. <strong>of</strong> Shares Ratio<br />

1 March 25, 1990 3,111 1:1<br />

2 March 14, 1994 11,722 1:1<br />

3 March 20, 1996 25,464 1:1<br />

4 March 30, 1998 50,928 1:1<br />

5 March 05, 1999 33,952 3:1<br />

6 March 26, 2002 1,25,413 3:2<br />

7 January 12, 2006 68707 5:1<br />

The above shares are not issued out <strong>of</strong> revaluation reserves<br />

13. The Company has not availed any bridge loans against the proceeds <strong>of</strong> this Issue.<br />

14. The Company will get the full amount <strong>of</strong> Equity Shares including premium at the stage <strong>of</strong><br />

application.<br />

15. As <strong>of</strong> the date <strong>of</strong> the Draft Prospectus, there are no outst<strong>and</strong>ing financial instruments or<br />

warrants or any other right that would entitle the existing Promoter or Shareholders, or any<br />

other person any option to receive Equity Shares after the <strong>of</strong>fering.<br />

16. At any given point <strong>of</strong> time, there shall be only one denomination for the Equity Shares <strong>of</strong><br />

the Company, unless otherwise permitted by law. The Company shall comply with such<br />

disclosure <strong>and</strong> accounting norms specified by SEBI from time to time.<br />

18

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