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

Principal Terms and Conditions of the Issue
SECTION IX – ISSUE RELATED INFORMATION
TERMS OF THE ISSUE
The Equity Shares being issued are subject to the provisions of the Companies Act, SEBI (DIP)
Guidelines, our Memorandum and Articles of Association, the terms of this Draft Red Herring
Prospectus, the Red Herring Prospectus, the Prospectus, Bid-cum-Application Form, the Revision
Form, the Confirmation of Allocation Note and other terms and conditions as may be incorporated in
the Allotment advices and other documents/certificates that may be executed in respect of the
Issue. The Equity Shares shall also be subject to laws as applicable, guidelines, notifications and
regulations relating to the issue of capital and listing and trading of securities issued from time to
time by SEBI, the Government of India, the Stock Exchanges, the RBI, RoC and/or other authorities,
as in force on the date of the Issue and to the extent applicable.
Authority for the issue
The Issue has been authorized by a resolution of our Board dated August 14, 2007 and by a special
resolution adopted pursuant to Section 81(1A) of the Companies Act, at an annual general meeting of
the shareholders of our Company held on September 29, 2007.
Ranking of Equity Shares
The Equity Shares being issued shall be subject to the provisions of the Companies Act, our
Memorandum and Articles of Association and shall rank pari-passu in all respects with the existing
Equity Shares of our Company including rights in respect of dividend. The Allottees in respect of
Allotment of Equity Shares under this Issue will be entitled to dividends, voting rights and any other
corporate benefits, if any, declared by the Company after the date of Allotment. For further details,
please see the section “Main Provisions of the Articles of Association” on page [•] of this Draft Red
Herring Prospectus.
Mode of Payment of Dividend
The declaration and payment of dividend will be as per the provisions of the Companies Act and
recommended by the Board of Directors and the shareholders at their discretion, and will depend on
a number of factors, including but not limited to earnings, capital requirements and overall financial
condition of our Company. We shall pay dividends in cash and as per the provisions of the Companies
Act.
Face Value and Issue Price per Share
The Equity Shares having a face value of Rs. 10/- each are being offered in terms of this Draft Red
Herring Prospectus at a price of Rs. [•]/- per Equity Share. The issue price will be determined by our
Company in consultation with the BRLM on the basis of assessment of market demand for the Equity
Shares offered by way of book building. At any given point of time there shall be only one
denomination of the Equity Shares of our Company, subject to applicable laws. The Issue Price is [•]
times the face value of the Equity Shares.
Compliance with SEBI Guidelines
We shall comply with all disclosure and accounting norms as specified by SEBI from time to time.
Rights of the Equity Shareholder
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