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

Authority for the issue
The Issue has been authorized by a resolution of our Board dated August 14, 2007 and by a special resolution
adopted pursuant to Section 81(1A) of the Companies Act, at an annual general meeting of the shareholders of
our Company held on September 29, 2007.
Ranking of Equity Shares
The Equity Shares being issued shall be subject to the provisions of the Companies Act, our Memorandum and
Articles of Association and shall rank pari-passu in all respects with the existing Equity Shares of our Company
including rights in respect of dividend. The Allottees in respect of Allotment of Equity Shares under this Issue will
be entitled to dividends, voting rights and any other corporate benefits, if any, declared by the Company after
the date of Allotment. For further details, please see the Section “Main Provisions of the Articles of Association”
on page [•] of this Draft Red Herring Prospectus.
Mode of Payment of Dividend
The declaration and payment of dividend will be as per the provisions of the Companies Act and recommended
by the Board of Directors and the shareholders at their discretion, and will depend on a number of factors,
including but not limited to earnings, capital requirements and overall financial condition of our Company. We
shall pay dividends in cash and as per the provisions of the Companies Act.
Face Value and Issue Price per Share
The Equity Shares having a face value of Rs. 10/- each are being offered in terms of this Draft Red Herring
Prospectus at a price of Rs. [•]/- per Equity Share. The issue price will be determined by our Company in
consultation with the BRLM on the basis of assessment of market demand for the Equity Shares offered by way of
book building. At any given point of time there shall be only one denomination of the Equity Shares of our
Company, subject to applicable laws. The Issue Price is [•] times the face value of the Equity Shares.
Compliance with SEBI Guidelines
We shall comply with all disclosure and accounting norms as specified by SEBI from time to time.
Rights of the Equity Shareholder
Subject to applicable laws, rules, regulations and guidelines and the Articles of Association, the equity
shareholders shall have the following rights:
1. Right to receive dividend, if declared;
2. Right to attend general meetings and exercise voting powers, unless prohibited by law;
3. Right to vote on a poll either in person or by proxy;
4. Right to receive offers for rights shares and be allotted bonus shares, if announced;
5. Right to receive surplus on liquidation;
6. Right of free transferability of shares; and
7. Such other rights, as may be available to a shareholder of a listed Public Limited Company under the
Companies Act, the terms of the listing agreements with the Stock Exchange(s) and the Memorandum and
Articles of Association our Company.
For a detailed description of the main provisions of the Articles of Association of our Company relating to voting
rights, dividend, forfeiture and lien and/or consolidation/splitting, etc., please refer to the section titled ‘Main
Provisions of the Articles of Association’ beginning on page [●] of this Draft Red Herring Prospectus.
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