SCHEDULE - 18A - ILLUSTRATION EXPLAINING THE MINIMUM APPLICATION SIZE - SEBI (Disclosure and Investor Protection Guidelines) 2000

1 (SCHEDULE XVIIIA) [Clause 8.6.1(iii)] ILLUSTRATION EXPLAINING THE MINIMUM APPLICATION SIZE An issue is being made at a price of 390 per share. In this case, the issuer in consultation with the merchant banker can determine the minimum application lot within the range of 13 17 shares (in value terms between 5000- 7000), as detailed hereunder: Options I II III IV V Lot Size @ 390/- per share 13 shares 14 shares 15 shares 16 shares 17 shares Application / Bid amount for 1 lots 5070 5469 5850 6240 6630 Application / Bid amount for 2 lots 10140 10920 11700 12480 13260 Application / Bid amount for 4 lots 20280 21840 23400 24960 26520 Application / Bid amount for 8 lots 40560 43680 46800 49920 - -- Application / Bid amount for 9 lots 45630 49140 --- --- -- The options given above are only illustrative and not exhaustive. Where the issuer company in consultation with merchant banker decides to fix the minimum application / bid size as 14 (Option II), necessary disclosures to the effect that the applicant can make an application for 14 shares and in multiples thereof shall be made in the offer document. ****** 1 Inserted vide SEBI Circular No. SEBI/CFD/DIL/DIP/13/2004/28/5 dated May 28, 2004.