Expenses for the Issue

The expenses of the Issue include, among others, underwriting fees, selling commission, fees payable to the BRLM to the issue, Legal counsel, Escrow collection Banks and Registrar to the Issue stationery printing and distribution expenses, legal fees, statutory advertisement expenses, NSDL / CDSL connectivity charges, charges for book building platform for bidding, fees payable to SEBI and listing fees etc. The total expenses of the Issue are estimated to be approximately Rs. [●] Lakhs.

Particulars Amount Rs. Lakhs* As a % of Total Issue Expenses As a % of Total Issue Size

BRLM / Syndicate member fee [●] [●] [●]

Underwriting & Selling Commission [●] [●] [●]

Advertising & Marketing expenses [●] [●] [●]

Registrar fee [●] [●] [●]

Printing, Stationary, Dispatch [●] [●] [●]

Other expenses (including listing fee, SEBI filing fee, IPO Grading expenses, Legal Counsel fee, Depository charges, Auditor’s fee, etc.)

[●] [●] [●]

Total [●] [●] [●]

* _{will be incorporated at the time of filing of the prospectus.}

Estimated Schedule of Deployment of Funds

As estimated by our management, the entire proceeds received from the issue would be utilized a under: (Rs. in lakhs) Particulars Funds already deployed

(till August 31, 2010)

2010 - 11 2011 - 12 Total Procurement of Equipments /

Machineries for our EPC and Civil Construction work.

- 500.00 2,552.25 3052.25 Augmenting working capital

resources - - 10,000.00 10,000.00

General Corporate purpose - [●] [●] [●]

Expenses of the Issue 12.53 [●] [●] [●]

Total 12.53 [●] [●] [●]

Deployment of Funds in the Project

We have incurred Rs. 12.53 Lakhs upto August 31, 2010 towards objects of the issue which has been certified by Mr. Rajat Goyal (Mem. No. 503150), Partner, KRA & Co., Statutory Auditors, vide their certificate dated September 15, 2010. The same has been incurred towards payment of issue expenses and have been financed through internal accruals.

Appraisal

The funds requirement and funding plans are our own estimates and have not been appraised by any Bank / Financial Institution.

30 Interim Use of Proceeds

The management of our Company, in accordance with the policies established by our Board from time to time, will have flexibility in deploying the Net Proceeds. Pending utilization for the purposes described above, our Company intends to invest the funds in high quality interest bearing liquid instruments including money market Mutual Funds, deposits with banks for the necessary duration or for reducing overdrafts. Such investments would be in accordance with investment policies approved by our Board from time to time. Our Company confirms that, pending utilization of the Net Proceeds, it shall not use the funds for any investments in the equity markets.

Monitoring of Utilization of Funds

There is no requirement for appointment of an independent monitoring agency in terms of Regulation 16(1) of the SEBI ICDR Regulations. Pursuant to Clause 49 of the listing agreement, the Audit Committee of our Board will monitor the utilization of the proceeds of the Issue.

We shall, on a quarterly basis disclose to the Audit Committee the uses and application of the proceeds of the Issue. We will disclose the utilization of the proceeds of the Issue under a separate head in our balance sheet till such time the proceeds of the Issue have been utilised, clearly specifying the purpose for which such proceeds have been utilized. We will also, in our balance sheet till such time the proceeds of the Issue have been utilised, provide details, if any, in relation to all such proceeds of the Issue that have not been utilized thereby also indicating investments, if any, of such unutilized proceeds of the Issue.

No part of the proceeds from the Issue will be paid by us as consideration to our Promoter, our Directors, Key Management Personnel or Promoter Group Entities.

31

ISSUE STRUCTURE

The present Issue of [●] Equity Shares, at a price of Rs. [●] for cash aggregating Rs. 15,000 lakhs, is being made through the 100% Book Building Process.

Particulars QIBs # _{Non-Institutional}

Bidders Retail Individual Bidders Eligible Employees Number of Equity

Shares* Not more than [●] equity shares or Net Issue less allocation to Non- Institutional Bidders and Retail Bidders

Not less than [●] equity shares or Net Issue less allocation to QIB Bidders and Retail Individual Bidders

Not less than [●] equity shares or Net Issue less allocation to QIB Bidders and Non- Institutional Bidders 50,000 equity shares Percentage of Issue Size available for allocation

Not more than 50% of the Net Issue (of which 5% shall be available for allocation for Mutual Funds) or Net Issue less allocation to Non- Institutional Bidders and Retail Bidders. Mutual Funds participating in the 5% reservation in the Net QIB Portion will also be eligible for allocation in the remaining QIB Portion. The unsubscribed portion, if any, in the Mutual Fund portion will be available to remaining QIBs.

Not less than 15% of the Net Issue or Net Issue less allocation to QIB Bidders and Retail Individual Bidders

Not less than 35% of the Net Issue or Net Issue less allocation to QIB Bidders and Non- Institutional Bidders [●] % of the Issue## Basis of Allocation if respective category is oversubscribed Proportionate as follows: (a) Upto [●] Equity Shares shall be allocated on a proportionate basis to Mutual Funds in the Mutual Funds Portion;

(b) Balance [●] Equity Shares shall be allocated on a proportionate basis to all QIBs including Mutual Funds receiving allocation as per (a) above.

Proportionate Proportionate Proportionate

Minimum Bid / Bid lot

Such number of Equity Shares that the Bid Amount exceeds Rs 100,000 and in multiples of [●] Equity Shares thereafter.

Such number of Equity Shares that the Bid Amount exceeds Rs 100,000 and in multiples of [●] Equity Shares thereafter. [●] Equity Shares and in multiples of [●] Equity Shares thereafter. [●] Equity Shares and in multiples of [●] Equity Shares thereafter. Maximum Bid / Bid lot

Such number of equity shares not exceeding the Issue, subject to regulations as applicable to the Bidder.

Such number of equity shares not exceeding the Issue subject to regulations as applicable to the Bidder.

Such number of Equity Shares so as to ensure that the Bid Amount does not exceed Rs. 100,000

Such number of Equity Shares so as to ensure that the Bid Amount does not exceed Rs. 100,000