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

Sr. No. Particulars Already
Deployed
till
October
31,
1 Setting up of new manufacturing
facility for the production of float
glass.
2007
64
To be
Deployed
till 31 st
March’08
To be
Deployed
from
April’08
to March
’09
To be
Deployed
from
April’09
to March
’10
(Rs. in Lacs)
Total
A. Land Acquisition 1,195.82 - - - 1,195.82
B. Land Development, Construction of
Buildings and Other Civil Works
1,456.54 2,000.00 4,918.46 - 8,375.00
C. Plant & Machinery 3,475.01 - 27,502.77 - 30,977.78
D. Miscellaneous Fixed Assets 9.21 50.00 340.79 - 400.00
E. Preliminary
Expenses
and pre- operative 757.36 - 683.64 - 1,441.00
F. Margin Money for Working Capital
Requirements
- - - 1,037.50 1,037.50
2 General Corporate Purpose 334.18 [•] [•] [•] [•]
3 Public Issue Expenses 18.50 [•] [•] [•] [•]
Total 7,246.62 [•] [•] [•] [•]
Interim Use of Funds
Pending utilization for the purposes described above, we intend to invest the funds in high quality interest
bearing liquid instruments including money market mutual funds and deposits with banks for the necessary
duration or for reducing overdraft.
In case the Issue does not go as planned or there is any shortfall in the issue proceeds, we will make alternative
arrangements like availing of fresh loans and/or internal accruals to meet the shortfall, if any.
Monitoring of Issue proceeds
Our Audit Committee will also monitor the utilization of the Issue proceeds. We will disclose the utilization of
the Issue proceeds under separate head in our balance sheet for the Fiscal 2008 and 2009. Besides, a part of the
project cost is funded through term loan lending from banks that will also monitor the utilization of issue
proceeds towards the stated objects.
No part of the proceeds of this issue will be paid as consideration to our promoters, directors, key managerial
employees or group concerns/companies promoted by our promoters.
BASIC TERMS OF THE PRESENT ISSUE
Principal Terms and Conditions 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.