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

� to register himself or herself as the holder of the Equity Shares; or
� to make such transfer of the Equity Shares, as the deceased holder could have made.
Further, the Board may at any time give notice requiring any nominee to choose either to be
registered himself or herself or to transfer the Equity Shares, and if the notice is not complied with
within a period of ninety days, the Board may thereafter withhold payment of all dividends, bonuses
or other monies payable in respect of the Equity Shares, until the requirements of the notice have
been complied with.
Since the allotment of Equity Shares in this Issue will be made only in dematerialized mode,
there is no need to make a separate nomination with our Company. Nominations registered with
respective Depository Participant of the Bidder would prevail. If the investors require changing
the nomination, they are requested to inform their respective Depository Participant.
Minimum Subscription
"If our Company does not receive the minimum subscription of 90% of the Net Issue amount including
devolvement of Underwriters within 60 days from the Bid / Issue Closing Date, our Company shall
forthwith refund the entire subscription amount received. If there is a delay beyond 8 days after our
Company becomes liable to pay the amount, our Company shall pay interest prescribed under Section
73 of the Companies Act, 1956.”
If the number of allottees in the proposed Issue is less than 1,000 allottees, our Company shall
forthwith refund the entire subscription amount received. If there is a delay beyond 15 days after our
Company becomes liable to pay the amount, our Company shall pay interest at the rate of 15% per
annum for the delayed period.
Withdrawal of the Issue
Our Company, in consultation with the BRLM, reserves the right not to proceed with the Issue
anytime after the Bid/ Issue Opening Date without assigning any reason thereof.
Arrangements for Disposal of Odd Lots
Our Company’s Equity Shares will be traded in dematerialized form only and therefore the
marketable lot is one share. Therefore there is no possibility of odd lots.
Restrictions, if any on Transfer and Transmission of Shares
For a detailed description in respect of restrictions, if any, on transfer and transmission of shares and
on their consolidation/splitting, please refer sub-heading “Main Provisions Of The Articles Of
Association” appearing on page 206 of this Draft Red Herring Prospectus.
There is no reservation for Non Residents, NRIs, FIIs and Foreign Venture Capital Funds and all Non
Residents, NRI, FII and Foreign Venure Capital Fund Bidders will be treated on the same basis as
other categories for the purpose of allocation. However, investments by persons resident outside
India requires the prior approval of the FIPB, for which we have applied, vide our letter dated March
31, 2007. For details regarding this application, please refer section titled “Regulations and Policies”
beginning on page 105 of this Draft Red Herring Prospectus.
As per the policy of RBI, Overseas Corporate Bodies cannot participate in the Issue.
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