balances on restated basis.

Calculation of Monetary Assets
(@ in million)

 

 

 

 

 

 

 

 

Particulars For the year ended | For the year ended For the year ended
March 31, 2021 March 31, 2020 March 31, 2019

Cash on hand 57.49 57.05 62.74
Balance with banks:

in current accounts 145.67 204.08 181.89
in deposit accounts 865.00 878.03 6.20
Other bank balances 422.83 267.76 248.24
Total monetary assets (restated and consolidated) (D) 1,490.99 1,406.92 499.07

 

 

 

 

 

Monetary Assets as restated as a percentage of the Net Tangible Assets" means Monetary Assets as restated divided by Net Tangible Assets, as restated,
expressed as a percentage.

The status of compliance of our Company with the conditions as specified under Regulations 5 and 7(1) of the SEBI ICDR
Regulations are as follows:

@ Our Company, our Promoters, members of our Promoter Group, the Selling Shareholders and our Directors are not
debarred from accessing the capital markets by SEBI;

(ii) | The companies with which our Promoters or our Directors are associated as a promoter or director are not debarred from
accessing the capital markets by SEBI;

(iii) | Neither our Company, nor our Promoters, or Directors is a wilful defaulter (as defined in the SEBI ICDR Regulations);

(iv) None of our Promoters or Directors has been declared as a fugitive economic offender under Section 12 of the Fugitive
Economic Offenders Act, 2018;

(v) Except employee stock options granted pursuant to the ESOP Plan, there are no outstanding convertible securities of our
Company or any other right which would entitle any person with any option to receive Equity Shares of our Company
as on the date of filing of this Prospectus;

(vi) | Our Company along with Registrar to the Offer has entered into tripartite agreements dated January 8, 2013 and March
28, 2012 with NSDL and CDSL, respectively, for dematerialisation of the Equity Shares;

(vii) The Equity Shares of our Company held by our Promoters are in the dematerialised form;

(viii) All the Equity Shares are fully paid-up and there are no partly paid-up Equity Shares as on the date of filing of this
Prospectus; and

(ix) | There is no requirement for us to make firm arrangements of finance under Regulation 7(1)(e) of the SEBI ICDR
Regulations through verifiable means towards 75% of the stated means of finance.

DISCLAIMER CLAUSE OF SEBI

IT IS TO BE DISTINCTLY UNDERSTOOD THAT SUBMISSION OF THE DRAFT RED HERRING PROSPECTUS
TO SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI”) SHOULD NOT, IN ANY WAY, BE DEEMED OR
CONSTRUED THAT THE SAME HAS BEEN CLEARED OR APPROVED BY SEBI. SEBI DOES NOT TAKE ANY
RESPONSIBILITY EITHER FOR THE FINANCIAL SOUNDNESS OF ANY SCHEME OR THE PROJECT FOR
WHICH THE OFFER IS PROPOSED TO BE MADE OR FOR THE CORRECTNESS OF THE STATEMENTS
MADE OR OPINIONS EXPRESSED IN THE DRAFT RED HERRING PROSPECTUS. THE BOOK RUNNING
LEAD MANAGERS, AXIS CAPITAL LIMITED, CREDIT SUISSE SECURITIES (INDIA) PRIVATE LIMITED,
EDELWEISS FINANCIAL SERVICES LIMITED AND NOMURA FINANCIAL ADVISORY AND SECURITIES
(INDIA) PRIVATE LIMITED, BEING (“BRLMs”), HAVE CERTIFIED THAT THE DISCLOSURES MADE IN THE
DRAFT RED HERRING PROSPECTUS ARE GENERALLY ADEQUATE AND ARE IN CONFORMITY WITH
THE SEBI ICDR REGULATIONS. THIS REQUIREMENT IS TO FACILITATE INVESTORS TO TAKE AN
INFORMED DECISION FOR MAKING AN INVESTMENT IN THE PROPOSED OFFER.

IT SHOULD ALSO BE CLEARLY UNDERSTOOD THAT WHILE THE COMPANY IS PRIMARILY
RESPONSIBLE FOR THE CORRECTNESS, ADEQUACY AND DISCLOSURE OF ALL RELEVANT
INFORMATION IN THE DRAFT RED HERRING PROSPECTUS AND THE SELLING SHAREHOLDERS ARE,
SEVERALLY AND NOT JOINTLY, RESPONSIBLE ONLY FOR THE STATEMENTS SPECIFICALLY
CONFIRMED OR UNDERTAKEN BY THEM IN THE DRAFT RED HERRING PROSPECTUS IN RELATION TO
THEMSELVES FOR THE RESPECTIVE PORTION OF THE EQUITY SHARES BEING OFFERED BY THEM IN
THE OFFER FOR SALE, THE BRLMs ARE EXPECTED TO EXERCISE DUE DILIGENCE TO ENSURE THAT
THE COMPANY DISCHARGES ITS RESPONSIBILITIES ADEQUATELY IN THIS BEHALF AND TOWARDS
THIS PURPOSE, THE BRLMs HAVE FURNISHED TO SEBI, A DUE DILIGENCE CERTIFICATE DATED

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