SANGINITA CHEMICALS : Rights Issuer Filing)

LETTER OF OFFER

Dated: May 01, 2024

For Eligible Equity Shareholders Only

SANGINITA CHEMICALS LIMITED

Our Company was originally incorporated as Sanginita Chemicals Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated December 15, 2005 issued by the Asstt. Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Consequent upon the conversion of our Company into public limited company, the name of our Company was changed to Sanginita Chemicals Limited and fresh certificate of incorporation dated December 23, 2016 was issued by the Registrar of Companies, Ahmedabad Gujarat. The Corporate Identification Number of our company is L24100GJ2005PLC047292. For further details please refer to the section titled "General Information" beginning on page 40 of this Letter of offer.

Registered Office: 301, 3rd Floor, Shalin Complex, Sector -11, Gandhinagar - 382 011, Gujarat, India

Tel: [phone], Website: www.sanginitachemicals.co.in, E-mail: [e-mail]

Company Secretary and Compliance Officer: Ms. Saroj Jagetia

Promoters: Mr. Dineshsinh Bhimsinh Chavada, Mr. Vijaysinh Dineshsinh Chavda and Sanginita Industries LLP

FOR PRIVATE CIRCULATION TO THE ELIGIBLE EQUITY SHAREHOLDERS OF SANGINITA CHEMICALS LIMITED

THE ISSUE

ISSUE OF UP TO 86,33,850 EQUITY SHARES WITH A FACE VALUE OF ₹ 10 EACH AT A PRICE OF ₹ 18 PER EQUITY SHARE (INCLUDING A PREMIUM OF ₹ 8 PER EQUITY SHARE) ("RIGHTS EQUITY SHARES") FOR AN AMOUNT AGGREGATING UPTO ₹ 1,554.09* LAKHS ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF SANGINITA CHEMICALS LIMITED (THE "COMPANY" OR THE "ISSUER") IN THE RATIO OF 1 RIGHTS EQUITY SHARE FOR EVERY 2 FULLY PAID-UP EQUITY SHARES HELD BY SUCH ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS MAY 07, 2024 (THE "ISSUE").

*ASSUMING FULL SUBSCRIPTION

THE FACE VALUE OF THE EQUITY SHARES IS ₹ 10/- EACH AND THE ISSUE PRICE OF ₹ 18/- IS 1.8 TIMES OF THE FACE VALUE

FOR FURTHER DETAILS, SEE "TERMS OF THE ISSUE" ON PAGE 101.

WILFUL DEFAULTERS OR FRAUDULENT BORROWERS

Neither our Company, our Promoters nor Directors are categorised as Wilful Defaulters or Fraudulent Borrowers.

GENERAL RISK

Investment in equity and equity related securities involves a degree of risk and investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the Risk Factors carefully before taking an investment decision in this Issue. For taking an investment decision, Investors must rely on their own examination of our Company and the Issue including the risks involved. The Rights Equity Shares being offered in this Issue have not been recommended or approved by Securities and Exchange Board of India ("SEBI") nor does SEBI guarantee the accuracy or adequacy of the contents of this Letter of Offer. Investors are advised to refer to "Risk Factors" on page 27 before making an investment in this Issue.

ISSUER'S ABSOLUTE RESPONSIBILITY

Our Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Letter of Offer contains all information with regard to our Company and the Issue which is material in the context of this Issue, that the information contained in this Letter of Offer is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which make this Letter of Offer as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect.

LISTING

The equity shares of Sanginita Chemicals Limited are listed on the National Stock Exchange of India Limited ("NSE"). We have received "in- principle" approval from NSE for listing the Rights Equity Shares arising from the Issue vide its letter dated September 18, 2023. Our Company will also make application to NSE to obtain trading approval for the Rights Entitlements as required under the SEBI circular bearing reference number SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020. For the purposes of the Rights Issue, the Designated Stock Exchange is NSE.

LEAD MANAGERS TO THE ISSUE

REGISTAR TO THE ISSUE

FINTELLECTUAL CORPORATE ADVISORS PRIVATE LIMITED	PURVA SHAREGISTRY INDIA PRIVATE LIMITED
Address: 204, Kanishka Shopping Complex, Mayur Vihar, Phase 1,	Address: 9, Shiv Shakti Industrial Estate, JR Boricha Marg, Opp.
Extension, Delhi - 110091	Kasturba Hospital, Lower Parel (East), Mumbai - 400 011,
Tel: [phone]	Tel No: [phone]/ 35220056
E-mail ID: [e-mail]	Email: [e-mail]
Website: www.fintellectualadvisors.com	Website: www.purvashare.com
Contact Person: Mr. Pramod Negi	Contact Person: Ms. Deepali Dhuri, Compliance Officer
SEBI Registration No.: INM000012944	SEBI Registration No.: INR000001112

	ISSUE PROGRAMME
ISSUE OPENS ON	LAST DATE FOR MARKET	ISSUE CLOSES ON
RENOUNCIATION*
Wednesday, May 15, 2024	Tuesday, May 21, 2024	Monday, May 27, 2024

*Eligible Equity Shareholders are requested to ensure that renunciation through off-market transfer is completed in such a manner that the Rights Entitlements are credited to the demat account of the Renouncees on or prior to the Issue Closing Date.

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	TABLE OF CONTENTS
Sections	Particulars	Page No.
Section I	General Information	03
	Definitions and Abbreviations	03
	Notice to Investors	17
	Certain Conventions, Use of Financial Information and Use of Currency of	20
	Presentation
	Forward Looking Statements	22
Section II	Summary of the Offer	23
Section III	Risk Factors	27
Section IV	Introduction	38
	The Issue	38
	General Information	40
	Capital Structure	45
Section V	Particulars of the Issue	48
	Objects of the Issue	48
	Statements of Possible Tax Benefits	54
Section VI	About our Company	58
	Industry Overview	58
	Our Business	65
	Our Management	75
Section VII	Financial Information	80
	Financial Statements	80
	Accounting Ratios	81
	Management's Discussion and Analysis of Financial Condition and Results	82
	of Operations
Section VIII	Legal and Other Information	88
	Outstanding Litigations and Defaults	88
	Government and Other Statutory Approvals	90
	Other Regulatory and Statutory Disclosures	93
Section IX	Issue Related Information	101
	Terms of the Issue	101
Section X	Other Information	135
	Material Contracts and Documents for Inspection	135
	Declaration	136

This space is intentionally left blank

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SECTION I - GENERAL INFORMATION

DEFINITIONS AND ABBREVIATIONS

This Letter of Offer uses certain definitions and abbreviations which, unless the context otherwise indicates or implies, shall have the meaning as provided below. References to any legislation, act, regulation, rules, guidelines or policies shall be to such legislation, act, regulation, rules, guidelines or policies, as amended or re-enacted from time to time. The words and expressions used in this Letter of Offer but not defined herein shall have, to the extent applicable, the meaning ascribed to such terms under the Companies Act, the SEBI (ICDR) Regulations, the SCRA, the Listing Regulations, the Depositories Act or the Rules and Regulations made thereunder. Notwithstanding the foregoing, terms used in "Statement of Possible Tax Benefits" and "Financial Information of the Company" beginning on pages 54 and 80, respectively, shall have the meaning ascribed to such terms in such sections. In case of any inconsistency between the definitions given below and the definitions contained in the General Information Document (as defined below), the definitions given below shall prevail.

Unless the context otherwise indicates or implies, all references to "the Issuer", "Issuer Company", "the Company", "our Company" Sanginita Chemicals Limited" or "SCL" are references to Sanginita Chemicals Limited and references to "we", "our" or "us" are references to our Company.

Company Related Terms

Term				Description
Articles/	Articles	of	The articles of association of our Company, as amended.
Association/ AoA
Audit Committee		Audit committee of our Company constituted in accordance with Regulation 18
				of the SEBI Listing Regulations and Section 177 of the Companies Act, 2013.
Audited	Financial	The audited financial statements of our Company prepared in accordance with
Statements			Indian Accounting Standards for the Financial Years ended on March 31, 2023.
Auditor/ Statutory Auditor	The statutory auditor of our Company, being M/s. Devpura Navlakha & Co.,
				Chartered Accountant till 19th AGM of the Company.
Board	of	Director(s)/	The director(s) on our Board, unless otherwise specified. For further details of
Director(s)			our Directors, please refer to section titled "Our Management" beginning on page
				75 of this Letter of Offer.
Chief	Financial Officer/	Chief Financial Officer of our Company being Ms. Chavda Sangitaben
CFO				Dineshsinh.
Company	Secretary	&	Company Secretary and Compliance Officer of our Company being Ms. Saroj
Compliance Officer		Jagetia
Director(s)			Any or all the Director(s) of our board, as may be appointed from time to time.
Eligible Shareholder(s)		Holder(s) of the Equity Shares of Saginita Chemicals Limited as on the Record
				Date.
Equity Shares		The equity shares of our Company of face value of ₹ 10.00/- each, fully paid-up,
				unless otherwise specified in the context thereof.
Group Companies/ Entities	The companies included under the definition of "Group Entities" under the SEBI
				(ICDR) Regulations and identified by the Company in its Materiality Policy.
Key Managerial Personnel/	The key management personnel of our Company in terms of the SEBI (ICDR)
KMP				Regulations and the Companies Act disclosed under section titled "Our
				Management" beginning on page 75 of this Letter of Offer.

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Materiality Policy		The policy on identification of group companies, material creditors and material
			litigation, adopted by our Board, in accordance with the requirements of the
			SEBI (ICDR) Regulations.
Memorandum/		The memorandum of association of our Company, as amended.
Memorandum	of
Association/ MoA
Nomination	and	Nomination and remuneration committee of our Company constituted in
Remuneration Committee	accordance with Regulation 19 of the SEBI Listing Regulations and Section 178
			of Companies Act, 2013.
Peer Review Auditors		The peer review auditor of our Company, being M/s. Devpura Navlakha & Co.,
			Chartered Accountants.
Promoters			Shall mean Promoter of our Company i.e. Mr. Dineshsinh Bhimsinh Chavada,
			Mr. Vijaysinh Dineshsinh Chavda and M/s Sanginita Industries LLP.
Promoter Group		Persons and entities forming part of the promoter group of our Company as
			determined in terms of Regulation 2(1)(pp) of the SEBI (ICDR) Regulations and
			as disclosed by our Company in the filings made with NSE under the SEBI
			(LODR) Regulations.
Registered Office		Registered office of our Company situated at 301, 3rd Floor, Shalin Complex,
			Sector - 11, Gandhinagar - 382011, Gujarat, India.
RoC/	Registrar	of	The Registrar of Companies, Ahmedabad situated at ROC Bhavan, Opp Rural
Companies		Park Society, Behind Ankur Bus Stop, Naranpura, Ahmedabad - 380 013,
			Gujarat, India.
Stakeholders' Relationship	Stakeholder's relationship committee of our Company constituted in accordance
Committee		with Regulation 20 of the SEBI Listing Regulations and Section 178 of
			Companies Act, 2013.
Working Day(s)		In terms of Regulation 2(1)(mmm) of SEBI (ICDR) Regulations, working day
			means all days on which commercial banks in Gandhinagar are open for
			business. Further, in respect of Issue Period, a working day means all days,
			excluding Saturdays, Sundays, and public holidays, on which commercial banks
			in Gandhinagar are open for business. Furthermore, the period between the Issue
			Closing Date and the listing of Equity Shares on the Stock Exchanges, working
			day means all trading days of the Stock Exchanges, excluding Sundays and bank
			holidays, as per circulars issued by SEBI.
Issue related terms
Term			Description
Abridged Letter of Offer	Abridged Letter of Offer to be sent to the Eligible Equity Shareholders with
			respect to the Issue in accordance with the provisions of the SEBI (ICDR)
			Regulations and the Companies Act.
Allot/ Allotment/		Unless the context requires, the allotment of Right Equity Shares pursuant to the
Allotted of Equity Shares	Issue.
Additional Rights Shares	The Rights Shares applied or allotted under this Issue in addition to the Rights
			Entitlement.
Allotment Account		The account opened with the Banker(s) to the Issue, into which the Application
			Money lying to the credit of the escrow account(s) and amounts blocked by
			Application Supported by Blocked Amount in the ASBA Account, with respect to

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Term	Description
	successful Applicants will be transferred on the Transfer Date in accordance with
	Section 40 (3) of the Companies Act.
Allotment Account Bank	The Bank which is a clearing member and registered with SEBI as bankers to an
	issue and with whom the Allotment Account will be opened, in this case being,
	Axis Bank Limited.
Allotment Advice	Note, advice, or intimation of Allotment sent to each successful Investors who
	have been or is to be Allotted the Rights Shares pursuant to this Issue after the
	Basis of Allotment has been approved by the Designated Stock Exchange.
Allottee (s)	Persons to whom Right Equity Shares are issued pursuant to the Issue.
Applicant(s) / Investor(s)	Eligible Equity Shareholder(s) and/or Renouncee(s) who make an application for
	the Rights Equity Shares pursuant to the Issue in terms of the Draft Letter of
	Offer/Letter of Offer, being an ASBA Investor.
Application	Application made through submission of the Application Form or plain paper
	Application to the Designated Branch of the SCSBs or online/ electronic
	application through the website of the SCSBs (if made available by such SCSBs)
	under the ASBA process to subscribe to the Equity Shares at the Issue Price.
Application Money	Aggregate amount payable in respect of the Rights Equity Shares applied for in
	the Issue at the Issue Price.
Application Form	Unless the context otherwise requires, an application form made available through
	the website of the SCSBs (if made available by such SCSBs) under the ASBA
	process used by an Investor to make an application for the Allotment of Equity
	Shares in the Issue.
Application Supported by	Application (whether physical or electronic) used by ASBA Investors to make an
Blocked Amount / ASBA	application authorizing the SCSB to block the Application Money in the ASBA
	Account maintained with such SCSB.
ASBA Account	Account maintained with a SCSB and specified in the Application Form or plain
	paper application, as the case may be, for blocking the amount mentioned in the
	Application Form or the plain paper application, in case of Eligible Equity
	Shareholders, as the case may be.

ASBA Applicant/ ASBA Investor

ASBA Bid

ASBA Circulars

Any Applicant who intends to apply through ASBA Process.

Bid made by an ASBA Bidder including all revisions and modifications thereto as permitted under the SEBI (ICDR) Regulations.

Collectively, SEBI circular bearing reference number SEBI/CFD/DIL/ASBA/1/2009/30/12 dated December 30, 2009, SEBI circular bearing reference number CIR/CFD/DIL/1/2011 dated April 29, 2011, and the SEBI circular bearing reference number SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020.

Bankers to the Issue/	Collectively, the Escrow Collection Bank and the Refund Banks to the Issue, in
Refund Bank	this case being Axis Bank Limited.
Bankers to the Issue	Agreement dated April 30, 2024 entered into by and amongst our Company, the
Agreement	Registrar to the Issue and the Bankers to the Issue for collection of the Application
	Money, transfer of funds to the Allotment Account from the Escrow Account and
	SCSBs, release of funds from Allotment Account to our Company and other
	persons and where applicable, refunds of the amounts collected from

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Term	Description
	Applicants/Investors and providing such other facilities and services as specified
	in the agreement.
ASBA Application	Locations at which ASBA Applications can be uploaded by the SCSBs, namely
Location (s)/ Specified	Mumbai, New Delhi, Chennai, Kolkata, Ahmedabad, Bangalore, Hyderabad and
Cities	Pune.
Basis of Allotment	The basis on which the Rights Equity Shares will be Allotted to successful
	applicants in the Issue, and which is described in 'Terms of the Issue' beginning
	on page 101 of this Letter of Offer;
Broker Centres	Broker centres notified by the Stock Exchange, where the Applicants can submit
	the Application Forms to a Registered Broker.
Consolidated Certificate	The certificate that would be issued for Rights Equity Shares Allotted to each folio
	in case of Eligible Equity Shareholders who hold Equity Shares in physical form;
Client ID	Client Identification Number maintained with one of the Depositories in relation
	to demat account.
Collecting Depository	A depository participant as defined under the Depositories Act, 1996, registered
Participant or CDP	with SEBI and who is eligible to procure Applications at the Designated CDP
	Locations in terms of circular no. CIR/CFD/POLICYCELL/11/2015 dated
	November 10, 2015 issued by SEBI.
Controlling Branches of	Such branches of the SCSBs which co-ordinate Applications under this Issue made
SCSBs	by the Applicants with the Lead Manager, the Registrar to the Issue and the Stock
	Exchange,	a	list	of	which	is	available	on
	https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognised=yes;.
Demographic Details	The demographic details of the Applicants such as their Address, PAN, name of
	Investor's father/husband, Occupation, Investor status and Bank Account details,
	where applicable.
Designated SCSB	Such branches of the SCSBs which shall collect the ASBA Forms submitted by
Branches	ASBA Bidders, a list of which is available on the website of SEBI at
	https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognised=yes
	updated from time to time, or at such other website as may be prescribed by SEBI
	from time to time.
Depository/ Depositories	NSDL and CDSL or any other depository registered with SEBI under the
	Securities and Exchange Board of India (Depositories and Participants)
	Regulations, 2018 as amended from time to time read with the Depositories Act,
	1996.
Depository	A depository participant as defined under the Depositories Act, 1966.
Participant/DP
Designated CDP	Such locations of the CDPs where Applicant can submit the Application Forms to
Locations	CDP.
	The details of such Designated CDP Locations, along with names and contact
	details of the Collecting Depository Participants eligible to accept Application
	Forms are available on the website of the Stock Exchange i.e. www.nseindia.com
Designated RTA	Such locations of the RTAs where Applicant can submit the Application Forms to
Locations	RTAs.

The details of such Designated RTA Locations, along with names and contact details of the RTAs eligible to accept Application Forms are available on the website of the Stock Exchange i.e. www.nseindia.com

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Term	Description
Designated Date	On the Designated Date, the SCSBs shall transfer the funds represented by
	allocation of Equity Shares into the Public Issue Account with the Bankers to the
	Issue.
Draft Letter of Offer/	The Draft Letter of Offer dated August 16, 2023, filed with National Stock
DLoF	Exchange of India Limited in accordance with the SEBI (ICDR) Regulations, for
	their observations and in-principle approval.
Designated Stock	National Stock Exchange of India Limited (NSE)
Exchange
Electronic Transfer of	Refunds through ECS, NEFT, Direct Credit or RTGS as applicable.
Funds
Escrow Account(s)	One or more no-lien and non-interest bearing accounts with the Escrow Collection
	Bank(s) for the purposes of collecting the Application Money from resident
	Investors making an Application.
Escrow Collection Bank	Banks which are clearing members and registered with SEBI as bankers to an issue
	and with whom Escrow Account(s) will be opened, in this case being Axis Bank
	Limited.

FII/ Foreign Institutional Investors

First/Sole Applicant

ISIN

Issue/ Rights Issue

Issue Opening Date Issue Closing Date

Issue Materials

Foreign Institutional Investor (as defined under SEBI (Foreign Institutional Investors) Regulations, 1995, as amended) registered with SEBI under applicable laws in India.

The Applicant whose name appears first in the Application Form or Revision Form.

International Securities Identification Number. In this case being INE753W01010.

Rights Issue of up to 86,33,850 Equity Shares of face value of ₹ 10.00/- (Rupees Ten Only) each of our Company for cash at a price of ₹ 18.00/- per Rights Equity Share not exceeding ₹ 1,554.09/- Lakhs on a rights basis to the Eligible Equity Shareholders of our Company in the ratio of 1 (One) Rights Equity Shares for every 2 (Two) Equity Shares held by the Eligible Equity Shareholders of our Company on the Record Date i.e. May 07, 2024.

May 15, 2024

May 27, 2024

The Letter of Offer, Abridged Letter of Offer, Rights Entitlement Letter, Application Forms, including any notices, corrigendum thereto.

Issue Period	The period between the Issue Opening Date and the Issue Closing Date, inclusive
	of both days, during which Applicants/ Investors can submit their Applications, in
	accordance with the SEBI (ICDR) Regulations.
Issue Price	₹ 18/- (Rupees Eighteen) per Right Equity Share issued in 1 (One) Rights
	Entitlement, (i.e. ₹ 18/- (Rupees Eighteen per Rights Equity Share, including a
	premium of ₹ 8/- (Rupees Eight) per Rights Equity Share).
Issue Proceeds	Proceeds to be raised by our Company through this Issue, for further details please
	refer to section titled "Objects of the Issue" beginning on page 48 of this Letter of
	Offer.
Issue Shares	Upto 86,33,850 Rights Issue.
Issue Size	Amount aggregating up to ₹ 1,554.09/- Lakhs (Assuming full subscription with
	respect to Rights Shares).

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Term	Description
Letter of Offer/ LoF	The final Letter of Offer dated May 01, 2024 is being filed with NSE after
	incorporating the observations received from NSE on the Draft Letter of Offer.
Multiple Application	Multiple	application	forms	submitted	by	an	Eligible	Equity
Forms	Shareholder/Renouncee in respect of the Rights Entitlement available in their
	demat account. However supplementary applications in relation to further Equity
	Shares with/without using additional Rights Entitlements will not be treated as
	multiple application.
Mutual Fund(s)	Mutual fund(s) registered with SEBI pursuant to the SEBI (Mutual Funds)
	Regulations, 1996, as amended.
Material Fraud	Fraud that has so vitiated the entire transaction that the legitimate purposes of the
	independence of the issuer's obligation can no longer be served.
Net Proceeds	The Issue Proceeds, less the Issue related expenses, received by our Company.
Non-ASBA Investor/	Investors other than ASBA Investors who apply in the Issue otherwise than
Non-ASBA Applicant	through the ASBA process comprising Eligible Equity Shareholders holding
	Equity Shares in physical form or who intend to renounce their Rights Entitlement
	in part or full and Renouncees;
Non-Institutional	An Investor is other than a Retail Individual Investor or Qualified Institutional
Investors/ NIIs	Buyer as defined under Regulation 2(1)(jj) of the SEBI (ICDR) Regulations.
Off Market Renunciation	The renunciation of Rights Entitlements undertaken by the Investor by transferring
	them through off market transfer through a depository participant in accordance
	with the SEBI Rights Issue Circulars and the circulars issued by the Depositories,
	from time to time, and other applicable laws.
On Market Renunciation	The renunciation of Rights Entitlements undertaken by the Investor by trading
	them over the secondary market platform of the Stock Exchange through a
	registered stock broker in accordance with the SEBI Rights Issue Circulars and
	the circulars issued by the Stock Exchange, from time to time, and other applicable
	laws, on or before May 21, 2024.
Overseas Corporate Body	Overseas Corporate Body means and includes an entity defined in clause (xi) of
/ OCB	Regulation 2 of the Foreign Exchange Management (Withdrawal of General
	Permission to Overseas Corporate Bodies (OCB's) Regulations 2003 and which
	was in existence on the date of the commencement of these Regulations and
	immediately prior to such commencement was eligible to undertake transactions
	pursuant to the general permission granted under the Regulations. OCBs are not
	allowed to invest in this Issue.
Payment through	Payment through NECS, NEFT, or Direct Credit, as applicable.
electronic means
Payment Schedule	Payment schedule under which 100% (Hundred Percent) of the Issue Price is
	payable on Application, i.e., ₹ 18/- (Rupees Eighteen Only) per Rights Share.
Physical Equity	Eligible Equity Shareholders holding Equity Shares in physical form shall be
Shareholders	termed as Physical Equity Shareholders.
Person/ Persons	Any individual, sole proprietorship, unincorporated association, unincorporated
	organization, body corporate, corporation, company, partnership, limited liability
	co., joint venture, or trust, or any other entity or organization validly constituted

and/or incorporated in the jurisdiction in which it exists and operates, as the context requires.

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Term	Description
Qualified Foreign	Non-resident investors other than SEBI registered FIIs or sub-accountants or SEBI
Investor/ QFIs	registered FCVIs who meet know your client requirements prescribed by SEBI.
Qualified Institutional	Qualified institutional buyers as defined under Regulation 2(1)(ss) of the SEBI
Buyers or QIBs	(ICDR) Regulations.
Record Date	Designated date for the purpose of determining the Equity Shareholders eligible
	to apply for Rights Equity Shares, being May 07, 2024.
Refund Bank	The Banker to the Issue with the Refund Account will be opened, in this case being
	Axis Bank Limited.
Registered Brokers	Stock brokers registered with the stock exchanges having nationwide terminals,
	other than the Members of the Syndicate.
Registrar and Share	Registrar and share transfer agents registered with SEBI and eligible to procure
Transfer Agents or RTAs	Applications at the Designated RTA Locations in terms of circular no.
	CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015 issued by SEBI.
Refund through	Refunds through NECS, Direct Credit, RTGS, NEFT or ASBA process, as
electronic transfer of	applicable.
Funds
Registrar/ Registrar to	Registrar to the Issue being Purva Sharegistry India Private Limited
this Issue/RTI
Registrar Agreement	The Agreement dated August 16, 2023, entered into between our Company and
	the Registrar to the Issue in relation to the responsibilities and obligations of the
	Registrar to the Issue pertaining to the Issue.
Renouncees	Any persons who have acquired Rights Entitlements from the Equity Shareholders
	through renunciation.
Renunciation Period	The period during which the Investors can renounce or transfer their Rights
	Entitlements which shall commence from the Issue Opening Date i.e. May 15,
	2024. Such period shall close on May 21, 2024 in case of On Market Renunciation.
	Eligible Equity Shareholders are requested to ensure that renunciation through off-
	market transfer is completed in such a manner that the Rights Entitlements are
	credited to the demat account of the Renouncee on or prior to the Issue Closing
	Date i.e. May 24, 2024.
Retail Individual	Individual Applicants or minors applying through their natural guardians,
Investors/RII	(including HUFs in the name of Karta and Eligible NRIs) who have applied for
	an amount less than or equal to ₹ 2.00 Lakh in this Issue.
Rights Entitlement (s)/	The number of Right Shares that an Investor is entitled to in proportion to the
REs	number of Equity Shares held by the Investor on the Record Date, in this case
	being 1 Right Equity Shares for every 2 Equity Shares held by an Eligible Equity
	Shareholder;
	The Rights Entitlements with a separate ISIN INE753W20010 will be credited
	to your demat account before the date of opening of the Issue, against the Equity
	Shares held by the Equity Shareholders as on the Record Date, pursuant to the
	provisions of the SEBI ICDR Regulations and the SEBI Rights Issue Circular, the
	Rights Entitlements shall be credited in dematerialized form in respective demat
	accounts of the Eligible Equity Shareholders before the Issue Opening Date.
Rights Entitlement Letter	Letter including details of Rights Entitlements of the Eligible Equity Shareholders.
	The Rights Entitlements are also accessible and on the website of our Company.

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