sejal architectural glass limited - Securities and Exchange Board of ...

Common Pursuits
Our three Group concerns viz. Sejal Glass Craft Private Limited, Sejal Float Glass Limited, Sejal
International Limited, have the objects similar to that of our Company.
Our Company has entered into the following non-compete agreements on account of the common
pursuits arising out of similar business operations between our Company and the said companies.
1. Sejal Glass Craft Private Limited, dated November 19, 2007,
2. Sejal Float Glass Limited, dated November 19, 2007 and
3. Sejal International Limited, dated November 19, 2007.
For details on the non -compete agreements, refer the section titled “ Our History and other
Corporate Matters’ beginning on page no. [●] of this Draft Red Herring Prospectus.
Interest of Promoters
Our promoters are interested in the promotion of our Company and are also interested to the extent
of their shareholding, for which they are entitled to receive the dividend declared, if any, by our
Company. Further, some of our Promoters, being Executive Directors, may be deemed to be
interested to the extent of fees, if any, payable to them for attending meetings of our Board or
Committees thereof as well as to the extent of remuneration and/or reimbursement of expenses
payable to them for services rendered to us in accordance with the provisions of the Companies Act
and in terms of the Articles.
The Chairman and Managing Director and Whole time Director are interested to the extent of
remuneration paid to them for services rendered to us. Further, the Promoters are interested to the
extent of equity shares that they are holding and or allotted to them out of the present Issue, if any,
in terms of the Draft Red Herring Prospectus and also to the extent of any dividend payable to them
and other distributions in respect of the said Equity Shares.
Except as stated hereinabove and as stated in ‘Related Party Transactions’ appearing under section
titled ‘Financial Information’ beginning on page [•] of this Draft Red Herring Prospectus, we have not
entered into any contract, agreements or arrangements during the preceding two years from the
date of this Draft Red Herring Prospectus in which the Promoters are directly or indirectly interested
and no payments have been made to them in respect of these contracts, agreements or
arrangements which are proposed to be made to them.
Payment or Benefit to our Promoters
For details of payments or benefits paid to the promoters, please refer to the paragraph
‘Compensation to Managing Directors/Whole time Directors’ in the section titled ‘Our Management’
in this Draft Red Herring Prospectus.
Related Party Transactions
The details of related party transactions have been disclosed as a part of the Auditors Report. For
details, please refer to the section titled “Financial Information” beginning page [●] of this Draft Red
Herring Prospectus.
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