SCHEDULE - 21 - BOOK BUILDING – MODEL TIME FRAME - SEBI (Disclosure and Investor Protection Guidelines) 2000

1 (SCHEDULE XXI) [ 2 ([Clause 11.3.5 (viii))] BOOK BUILDING MODEL TIME FRAME After, the final observation from SEBI has been received on the offer document, the minimum number of application forms accompanied with Form 2A and offer document containing the final observations received from SEBI, without mentioning the final price, shall be despatched to the members of the Stock Exchanges. However, the issue opening and closing date shall be mentioned in the application form. A minimum of 200 application forms per active member of the Stock Exchange where the securities of the issuer company are proposed to be listed and 10,000 forms each to other Stock Exchanges shall be despatched. Further, minimum 1000 offer document, containing the final observations received from SEBI , to each Stock exchange where the securities of the issuer company are proposed to be listed and minimum 200 offer document, containing the final observations received from SEBI, each to other Stock Exchanges would also have to be despatched. These shall be despatched subject to the condition that a minimum gap of 14 days is maintained between the receipt of these applications and the issue opening date. After, the price has been determined on the basis of bidding the statutory public advertisement containing, inter alia, the price as well as a table showing the number of securities and the amount payable by an investor, based on the price determined, shall be issued. The statutory advertisement may be issued before the ROC filing. There shall be a minimum time gap of five (5) days between the statutory public advertisement and the issue opening date. The statutory public advertisement shall be issued for a continuos period of three days in an English National daily with wide circulation, one Hindi National paper and a Regional language newspaper with daily circulation at the place where the registered office of the issuer company is situated. ********** 1 The following schedule, which was inserted vide SEBI/CFD/DIL/DIP/Circular No. 11 dated August 14, 2003 to substitute the then existing schedule, has been deferred vide press release no. PR No.246/2003 dated October 13, 2003: T T+1 T+2 T+3 T+4 T+5 T+6 Book Closed Price Determination Determination of offer size Registrar draws the allocation list All entered bids assumed as valid Stock Exchanges approve the basis of allocation Final prospectus printed and dispatched CANs sent to QIBs Allocation details electronically communicated by Registrar/Company to brokers Pay in (Only highvalue) Bankers to confirm clearance of fund Board Meeting Stock Exchanges to issue the listing and trading permission Company to instruct NSDL/CDSL to credit shares to the demat account of brokers Brokers account to be credited with shares Broker to credit shares to the demat account of investors Trading commences 2 Inserted reference clause to the schedule, vide SEBI Circular No. SEBI/CFD/DIL/DIP/14/2005/25/1 dated January 25, 2005.