24^th August, 2018

NOTICE

Sub: Electronic book mechanism for issuance of securities on private placement basis Clarifications

To all Listed Companies

Attention of such aforesaid listed companies are drawn to SEBI Circular Ref. No. SEBI/HO/DDHS/CIR/P/2018/122 dated August 16, 2018 (copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.com) wherein

It is mentioned in the said SEBI Circular that “this is in continuation to SEBI circular No. SEBI/HO/DDHS/CIR/P/2018/05 dated January 05, 2018 (hereinafter "EBP Circular"), which mandated the use of Electronic Book Provider platform (EBP Platform), for private placement of securities.”

With a view to further rationalise and ease the process of issuance of securities on EBP platform and in consultation with the market participants, it has been decided to provide for the following additional facilities:

a) Closed bidding, b) Multiple yield allotment, c) Multiple bids by an investor, d) Allotment on yield-time priority basis, e) Pay-in of funds through escrow bank account of issuer, f) Depositories to act as EBP

The contents of this circular will come in effect from October 01, 2018.

This is for information and necessary action.

CS Chandrani Datta

Executive-Listing