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

should own more than 10% of any company’s paid-up capital carrying voting rights. These limits
would have to be adhered to by the mutual funds for investment in the Equity Shares.
In case of a mutual fund, a separate Bid can be made in respect of each scheme of the mutual fund
registered with SEBI and such Bids in respect of more than one scheme of the mutual fund will not be
treated as multiple Bids provided that the Bids clearly indicate the scheme concerned for which the
Bid has been made.
BIDS BY NRIs
Bid-cum-Application forms has been made available for NRIs at the Registered office of our Company
and members of the Syndicate.
NRI applicants may please note that only such applications as are accompanied by payment in free
foreign exchange shall be considered for allotment under the NRI category. The NRIs who intend to
make payment through Non-Resident Ordinary (NRO) Account shall use the form meant for Resident
Indians (white in colour). All instruments accompanying Bids shall be payable in Mumbai only.
BIDS BY FIIs
As per current regulations, the following restrictions are applicable for investment by FIIs:
No single FII can hold more than 10% of the Post-Issue paid-up capital of our Company (i.e. 10% of
28,00,00,000 Equity Shares of Rs. 10 each). In respect of an FII investing in the Equity Shares of our
Company on behalf of its sub-accounts, the investment on behalf of each sub-account shall not
exceed 10% of the total issued capital or 5% of the total issued capital of our Company in case such
sub-account is a foreign corporate or an individual.
As of now, the aggregate FII holding in our Company cannot exceed 24% of the total issued capital of
our Company, With the approval of the Board of Directors and the shareholders by way of a special
resolution, the aggregate FII holding can go up to 100%. However, as on this date no such resolution
has been recommended to the shareholders of our Company for adoption.
Subject to compliance with all applicable Indian laws, rules, regulations guidelines and approvals in
terms of Regulation 15A(1) of the Securities Exchange Board of India (Foreign Institutional Investors)
Regulations, 1995, as amended, an FII or its sub-account may issue, deal or hold, off-shore derivative
instruments such as Participatory Notes, equity-linked notes or any other similar instruments against
underlying securities listed or proposed to be listed in any stock exchange in India only in favour of
those entities which are regulated by any relevant regulatory authorities in the countries of their
incorporation or establishment subject to compliance of "know your client" requirements. An FII or
sub-account shall also ensure that no further downstream issue or transfer of any instrument referred
to hereinabove is made to any person other than a regulated entity.
Bids and revision to Bids must be made:
o On the Bid-cum-Application Form or Revision Form, as applicable (Blue in colour), and completed
in full in BLOCK LETTERS in ENGLISH in accordance with the instructions contained therein.
o In a single or joint names (not more than three).
o Bids by NRIs for a Bid amount of up to Rs. 1,00,000 would be considered under the Retail
Individual Bidders Portion for the purpose of Allocation and Bids for a Bid amount of more than or
equal to Rs. 1,00,000 would be considered under Non-Institutional Bidder Portion for the
purposes of allocation; by FIIs or Foreign Venture Capital Fund, Multilateral and Bilateral
Development Financial Institutions for a minimum of such number of Equity Shares and in
multiples of [•] Equity Shares thereafter so that the Bid amount exceeds Rs. 1,00,000; for details,
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