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

5 Mr. Kanji V. Gada 6,16,250 3.37
6 Sejal Glass Craft Pvt Ltd 10,27,500 5.62
7 Sejal Float Glass Ltd 12,11,000 6.62
8 Ms. Kanchan S. Gada 6,91,250 3.78
9 Ms. Preeti M. gada 5,15,500 2.82
10 Ms. Anju D. Gada 5,01,500 2.74
Sr.
No.
c. 2 years prior to the date of filing this Draft Red Herring Prospectus
Name of the shareholder No of shares % of Issued
Capital
1 Mr. Amrut S. Gada 89,250 29.75
2 Sejal Glass Craft Pvt Limited 21,000 7.00
3 Mr. Kanji V. Gada 20,860 6.95
4 Mr. Dhiraj S. Gada 16,600 5.53
5 Mr. Kanchanben S. Gada 15,410 5.14
6 Mr. Shivji V. Gada 13,760 4.59
7 Mitesh K. Gada Karta of Mitesh K. Gada
HUF
7,500 2.50
8 Ms. Bhavna A Gada 6,150 2.05
9 Mr. Mitesh K. Gada 5,210 1.74
10 Navalben K. Gada 5,060 1.68
24. Our Company has not raised any bridge loan against the proceeds of this Issue.
25. In respect of various agreements entered into by our Company with the lenders and the sanction letters
issued by our lenders to us, we are bound by certain restrictive covenants regarding the alteration of our
Capital structure and other restrictive covenants. As per the loan agreements and sanction letters, we
require written consent from the lenders, amongst others from State Bank of Patiala, Punjab National Bank,
State Bank of Mysore, Indian Overseas Bank, State Bank of Saurashtra, Bank of India, Punjab and Sind Bank,
Axis Bank Limited, State Bank of Indore. Pursuant to the aforesaid covenants, we have obtained prior written
approvals from the lenders in relation to this Issue.
26. Other than Pre-IPO placement, if any, there would be no further issue of capital whether by way of issue of
bonus shares, preferential allotment, rights issue or in any other manner during the period commencing from
submission of this Draft Red Herring Prospectus with SEBI until the Equity Shares issued through the
Prospectus are listed or application moneys refunded on account of failure of Issue.
27. We presently do not have any intention or proposal to alter our capital structure for a period of six months
from the date of opening of this Issue, by way of split/ consolidation of the denomination of Equity Shares or
further issue of Equity Shares (including issue of securities convertible into or exchangeable, directly or
indirectly, for our Equity Shares) whether preferential or otherwise. However, if we go in for acquisitions or
joint ventures, we may consider raising additional capital to fund such activity or use Equity Shares as
currency for acquisition or participation in such joint ventures.
28. Our Company undertakes that at any given time, there shall be only one denomination for the Equity shares
of our Company and our Company shall comply with such disclosure and accounting norms as specified by
SEBI from time to time.
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