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

SECTION V- OBJECTS OF THE ISSUE
OBJECTS OF THE ISSUE
The objects of the Issue are to raise capital for financing the funds required for:
1) Setting up of new manufacturing facility for the production of float glass.
2) General Corporate Purposes
3) Meeting the Public Issue Expenses
The other objects of the Issue also include creating a public trading market for the Equity Shares of our Company
by listing them on NSE and BSE. We believe that the listing of our Equity Shares will enhance our visibility and
brand name and enable us to avail of future growth opportunities.
The main object clause of Memorandum of Association of our Company enables us to undertake the existing
activities and the activities for which the funds are being raised by us through the present Issue. Further, we
confirm that the activities which we have been carrying out till date are in accordance with the object clause of
our Memorandum of Association.
Description of the Project
We propose to set up a manufacturing facility for the production of float glass with an installed capacity of
200,750 MT per annum in Jhagadia Industrial Estate at Dist. Bharuch in Gujarat.
Setting up of this project would be a step towards backward integration for our company and would enable us to
control costs and enhance the quality of glass used for our value added products and brands like Kool Glass,
Armor Glass, Fort Glass, Tone Glass, etc. This plant site is approximately 8 Kms from NH-8 and has the necessary
infrastructure facilities required for our float glass project.
Cost of Project and Means of Finance
The Cost of Project and Means of Finance as estimated by our management are given below:
Cost of Project
Sr. No. Particulars
(Rs. in Lacs)
Amount
1 Setting up of new manufacturing facility for the production of float glass.
A. Acquisition of Land 1,195.82
B. Land Development, Construction of Buildings and Other Civil Works 8,375.00
C. Plant & Machinery 30,977.78
D. Miscellaneous Fixed Assets 400.00
E. Preliminary and pre- operative Expenses 1,441.00
F. Margin Money for Working Capital Requirements 1,037.50
2 General Corporate Purpose [•]
3 Public Issue Expenses [•]
Total [•]
57