ADVANCE INTIMATION TO STOCK EXCHANGE

The Company shall intimate the Stock Exchange(s) in advance regarding the proposed Board Meeting to be held to consider the delisting of equity shares

CONVENE BOARD MEETING (Reg. 8(1)(a))

The Company shall convene the Board Meeting as per the provisions of Companies Act, 1956 to consider the delisting of equity shares

APPOINTMENT OF MERCHANT BANKER & OTHER INTERMEDIARIES (Reg. 10(4))

The Company shall appoint the Merchant Banker in the Board Meeting

OUTCOME OF BOARD MEETING (Clause 36(7)(iv) of Listing Agreement)

The company shall intimate the concerned stock exchange(s) regarding the outcome of Board Meeting.

PASS SPECIAL RESOLUTION BY WAY OF POSTAL BALLOT (Reg. 8(1)(b))

The Company shall obtain the prior consent of atleast two-third of the public shareholders by way of postal ballot regarding delisting of equity shares

DETERMINATION OF EXIT PRICE (Reg. 27(3)(c))

The promoters shall determine the exit price in consultation with the Merchant Banker.

APPLICATION FOR IN PRINCIPLE APPROVAL TO THE CONCERNED STOCK EXCHANGE(s) (Reg. 8(1)(c))

The Company shall file the application alongwith the audit report for the in principal approval to the concerned Stock exchange(s) for the proposed delisting of equity shares in the form specified by the concerned stock exchange(s) within one year from the date of passing the special resolution

RECEIPT OF IN-PRINCIPLE APPROVAL FROM THE CONCERNED STOCK EXCHANGE(s) (Reg. 8(3))

The concerned stock exchange(s) may grant the in-principle approval for delisting of the equity shares within maximum 30 working days from the date of receipt of application for the in-principle approval

PUBLIC NOTICE (Reg. 7(1)(b))

The company to give a public notice of the proposed delisting in at least one English, one Hindi national daily and one regional language newspaper of the region where the concerned stock exchange is located

LETTER TO ALL PUBLIC SHAREHOLDERS (Reg. 27 (3(c ))

The promoters shall write individually to all the public shareholders for seeking their consent for delisting and for dispensing the requirement of book building process for determination of the exit price.

RECEIVING CONSENT OF THE PUBLIC SHAREHOLDERS (Reg. 23 (3)(d))

Atleast 90% of the public shareholders shall give their consent in writing for the delisting of the shares by not following the process of Reverse Book Building

FINALISATION OF PROPOSAL (Reg. 23(3)(e))

Finalisation of the proposal for delisting of shares.

PAYMENT TO THE SHAREHOLDERS (Reg. 23(3)(f))

The promoters shall make the payment to the shareholders who have tendered their shares in cash in within 15 working days from the date of expiry of 75 working days as mentioned above

FINAL APPLICATION TO THE CONCERNED STOCK EXCHANGE (s) (Reg. 8(5))

The promoters shall file a final application to the concerned stock exchange(s) for delisting of equity shares after making the payments to the shareholders who have tendered their shares

DELISTING ORDER

DELISTING ORDER The concerned stock exchange(s) shall dispose off the Application of the delisting complete in all respects and pass the delisting order.