Tender Document & Reserve Price for Sale of Financial Assets

Tender Document & Reserve Price for Sale of Financial Assets Special Situation Advisors (India) Pvt. Ltd. June, 2015

Contents I II III IV V Disclaimer and Important Notice Invitation for Participation in the Bidding Process Schedule of Sale Process Important Terms and Conditions Annexure I. Bid Format II. Declaration Format III. Reserve Price for Sale of Assets Tender Document for Sale of Financial Assets 1

I. DISCLAIMER AND IMPORTANT NOTICE This document shall be referred to as the Tender Document ( TD ) for Sale of Financial Assets of Dena Bank in continuation of the sale process conducted by bank in January and March 2015. Dena Bank has appointed Special Situation Advisors (India) Pvt. Ltd. ( SSA ) as Financial Advisors for sale of Financial Assets. The purpose of this document is to provide information to Bidders in respect of the sale process. It is presumed and understood that by participating in this process, each of the participating bidders has carried out their own independent due-diligence, investigation and assessment, in respect of any or all matters, information, statements etc. covered/sought to be covered or contained in this TD and any documents that may be provided by Dena Bank during the course of the process pursuant to this TD. The TD and other information pertaining to the sale process would be shared only to those participants who have executed Non-Disclosure Agreement in favour of Dena Bank. This document is for the exclusive use of participating bidders and is not meant for public circulation and is not intended for distribution to any person other than the persons to whom it is addressed, and is not transferable. Recipients are not permitted to replicate this TD or to further distribute/share the TD. This TD may not contain all the information and data each Bidder may desire or require in reaching decisions concerning their Bid. Each Bidder should conduct its own investigations, analysis and should check the accuracy, reliability and completeness of the information in this TD. Bidders should form their own views as to whether information provided herein or separately is relevant to any decisions that they make and should make their own independent investigations in relation to any additional information that they may require. Notwithstanding anything contained in this TD, neither Dena Bank, nor its employees or its advisors make any representation or warranty, express or implied, or accept any responsibility or liability, whatsoever, in respect of any statements or omissions herein, or the accuracy, completeness or reliability of information, and shall incur no liability, under any law, statute, rules or regulations as to the accuracy, reliability or completeness of this TD, even if any loss or damage is caused by any act or omission on the part of Dena Bank or its employees or its advisors, whether negligent or otherwise. The information contained in this TD or any other information which may be provided to Bidders is subject to change without prior notice. Dena Bank may, in its absolute discretion, Tender Document for Sale of Financial Assets 2

but without being under any obligation to do so, update, amend or supplement the information contained herein including the envisaged sale process mentioned. II. INVITATION FOR PARTICIPATION IN BIDDING PROCESS Dena Bank invites sealed bid in continuation of the previous sale process conducted in January and March, 2015 for the purchase of Financial Assets of 53 individual accounts on As is where is and as is what is basis & without recourse to Dena Bank. Separate bids must be submitted for individual accounts comprising a total of 53 accounts on following basis: Portfolio Individual/Portfolio Mode of payment 53 Individual Accounts Individual Cash + Security Receipt Basis (Cash component must be minimum of 15%) All Asset Reconstruction Companies who have tendered their Expression of Interest (EOI) pursuant to the notification of the Bank are eligible to participate in the sale process subject to applicable regulations. It would be deemed that by submitting the Bid, the Bidder has read, understood and has made a complete and careful examination of all the information given in this TD/Data Room pertaining to the relevant NPAs & has made their own due diligence in respect of the same. Kindly feel free to revert to us in case of any further clarification on the sale process:- Mr. Sreejith K. AGM, Legal Department Dena Corporate Centre C-10, G Block, 5 th Floor Bandra Kurla Complex Bandra (East), Mumbai-400 051 Tel.: +91 022 26545522 Mb.: +91 9619341333 Email: sreejith@denabank.co.in Mr. Chintan Shah Vice President Special Situation Advisors (India) Pvt. Ltd. 226, Platinum Techno Park, Plot no 17 & 18 Sector 30 A, Vashi Navi Mumbai - 400703 Mb.: +91 9987074607 Email: chintan.shah@specialsituation.in Tender Document for Sale of Financial Assets 3

List of Accounts:- Sr. No Case Name 1. Shri Maheshwar Hydel Pvt Ltd 2. Electrotherm (India) Ltd 3. Tirupati Build & Off Pvt ltd 4. New Chennai Township Pvt Ltd 5. Rainbow Denim Ltd 6. NRC Ltd 7. Ind Synergy Ltd 8. Dewa Projects Pvt Ltd Individual 9. ACT Educational & Charitable Trust 10. Pithampur Poly Products Ltd 11. Singh Alloys Steel Ltd 12. Shambhavi Contractors Company Pvt Ltd 13. Franchise Resale Pvt. Ltd. 14. Jyoti Supermart 15. Indo Power Cables Ltd 16. Kohli Brothers 17. Sunrise BST Cold Storage 18. Kiz & Associates and Group 19. Advanced High-Tech & Gopal Hi-Tech 20. Dhawal Wire Products 21. Swastik Marine Corporation 22. Varsha Synthetics 23. Gangdhara Cold storage Pvt Ltd 24. Kutch cement Pvt Ltd 25. R K Impex 26. Bapa Sitaram Texfab 27. Jaliyan Industries 28. Vijayant Group 29. Laxmi Cotton Industries 30. Shivkrupa Ginning and Pressing Pvt Ltd. 31. Dinesh Agro Products Ltd 32. Sagar Uniexim india Pvt Ltd 33. Future Formulations Pvt Ltd 34. Siddharth Pulses 35. Salecha Industries 36. Unipharma Ampoules & Vials Pvt Ltd Tender Document for Sale of Financial Assets 4

37. B & C Machinery Ltd. 38. Sanghi Polyesters Ltd Company 39. Kumari Overseas Pvt Ltd & DK Jagannath Silk Twisting Factory & Group 40. M/s Imrana Leather Exports 41. RKS Dental Care Products 42. CTS Constructions Pvt. Ltd. III. SCHEDULE OF SALE PROCESS Indicative Schedule of Bidding Process is as given below: Sr. No. Activity Indicative Dates 1 Last Date of Submission of Sealed Bid June 3 rd, 2015 by 11:00 a.m. 2 Bid Opening Date & Declaration of Highest Bidder (Bids will be opened by Asset Sale Committee) June 3 rd, 2015 at 12:00 p.m. 3 Negotiation with the Highest Bidders June 4 th, 2015 Dena Bank in its sole discretion may change or extend any indicated dates mentioned above and the same shall be binding on the participating bidders. Dena Bank further reserves its right to change the mode of auction to e-auction in which event, the terms of auction including last date of submission of bid, bid start date/ time etc shall be notified separately. IV. IMPORTANT TERMS AND CONDITIONS 1. The Bid should be submitted only in the prescribed Bid Form given in Annexure I to the TD and should be accompanied by the Declaration given in Annexure II to the TD. Bids with conditions or not adhering to the prescribed bid format may be liable for disqualification. 2. The sale of Financial Assets is on as is where is & as is what is basis without recourse to Dena Bank. 3. Please note that the Bid submitted by the Bidder shall be deemed to be a Offer binding on the Bidder, if accepted by Dena Bank in accordance with these terms and conditions. Bid once submitted cannot be withdrawn until the declaration of the Successful Bidder. 4. The submission of the Bid by a Bidder shall be deemed to constitute unconditional acceptance by the Bidder of this TD and all the terms and conditions applicable. Tender Document for Sale of Financial Assets 5

5. All bids shall be received latest by 11.00 a.m. on June 3 rd, 2015 in a sealed envelope superscripted as BID FOR SALE OF NPA - INDIVIDUAL ACCOUNTS. The Bids will be opened on June 3 rd, 2015 at 12:00 p.m. before Asset Sale Committee, appointed by the bank. The bidders representatives may remain present at Dena Bank, Dena Corporate Centre, C-10, G Block, 5 th Floor, Bandra Kurla Complex, Bandra (East), Mumbai-400 051 where the bids will be opened. It is the sole responsibility of the bidders to ensure to submit the bid within the time specified above. 6. Separate bids must be submitted for the 53 Individual accounts ON CASH + SECURITY RECEIPT (SR) BASIS AS UNDER: Portfolio Individual/Portfolio Mode of payment 53 Individual Accounts Individual Cash + Security Receipt Basis (Cash component must be minimum of 15% ) 7. SRs offered for the bid will have the following terms: a. Minimum 15% of the total bid amount should be in cash b. Security Receipt will have pari-passu redemption c. Excess recovery after providing for Security Receipt holders as per agreed terms shall be shared by Security Receipt Holders and ARC in the ratio of 80:20 respectively d. The initial valuation of SRs should be done within a period not exceeding six months of acquiring the underlying asset e. Management fee payable shall be 1.5 % per annum. 8. Other Terms and Conditions of SRs: a) The Management Fee should be calculated and charged as percentage of the Net Asset Value (NAV) at the lower end of the range of the NAV specified by the Credit Rating Agency (CRA) (rather than on the outstanding value of SRs), provided that the same is not more than the acquisition value of the underlying asset. However, Management Fees are to be reckoned as a percentage of the actual outstanding value of SRs before availability of NAV of SRs ie period not exceeding six months of acquiring the underlying asset. b) Management Fee and all taxes and duties payable on such fee, shall accrue to the Trustee on a quarterly basis. The same shall be payable out of the Trust Fund forthwith upon any recovery or realisation of the Financial Assets forming part of the Trust Fund. The fee for any quarter shall be calculated on the basis of the daily balance of the outstanding face value of the SRs or as percentage of the NAV as may be applicable. The Management Fee so accrued shall not attract interest. Tender Document for Sale of Financial Assets 6

c) The maximum maturity period of Security Receipts shall be 5 years. Any extension of maturity period shall be subject to compliance of the RBI guidelines therein. d) If one of more accounts are acquired by the same purchaser, separate trust can be formed for each such account. e) The purchaser / acquirer shall not receive any remuneration / fee towards advisory services to the borrower/s during the resolution period. f) Breakage cost payable by SR holders to the Trustee shall not exceed 1% of the value of the Trust Fund as determined for the purpose of the most recent declaration of the NAV. g) Expenses and costs incurred, defrayed and paid by the Trust after acquisition of assets shall be recoverable by the Trust along with interest @ 10.25% (simple) per annum on the expenses and cost outstanding from time to time for the period commencing from the date of incurrence, defrayal or payment as the case may be and ending on the date of its reimbursement from the Trust Fund. However, expenses incurred at pre-acquisition stage for performing due diligence etc for acquiring financial assets shall not be recoverable from the Trust. h) Amounts received by the Trustee shall be utilised by the Trustee to make payments firstly for payment of all statutory and regulatory dues, if any; Secondly, for payment of reimbursable costs and expenses incurred by the Trustee and chargeable interests thereon and fees or remuneration of the Trustee and Finally, on each payment date, for payment of the amounts to be distributed amongst the Security Receipt Holders, listed in the Register of SR holders, as on the Record Date corresponding to such Payment Date, in accordance with the terms and conditions of their respective SRs, Trust Deed and Offer Document. i) The Trust shall disclose details of recoveries made / received in the Trust Account on a regular basis. 9. The bid for account/s should be accompanied by a notional deposit of Rs. 5 Lacs for individual account/s. However, if bids are submitted in more than one individual account, the maximum deposit for individual accounts shall be Rs.10 lac. The notional deposit should be submitted by way of Demand Draft/Bankers Cheque/RTGS in favour of Dena Bank payable at Mumbai. The notional deposit will be held by Dena Bank as security for completion of the transaction by the successful bidder. In the event of a successful bidder failing to execute assignment agreement and / or make payment of balance purchase Tender Document for Sale of Financial Assets 7

consideration by close of business hours on the date of signing of assignment agreement, the notional deposit submitted by the successful bidder would be forfeited by Dena Bank as liquidated damages. The notional deposit received from the unsuccessful bidders would be returned within fifteen days of the bid opening. 10. Post Tender negotiations shall be held only with the Highest Bidders in each individual account where bids are submitted. 11. The Bid shall be typed or written in indelible ink and the Bidder and/or its Authorized Signatory shall initial each page. All the alterations, omissions, additions, or any other amendments made to the Bid shall be initialled by the person(s) signing the Bid. 12. Bid shall remain valid for a period of 60 days from the date of submission of Bid. However, Dena Bank may require the Bidders to extend the validity for such period as may be determined by Dena Bank at its discretion. Dena Bank reserves the right to reject any Bid which does not meet this requirement. 13. The Bidder should submit a Resolution of Board of Directors/ Power of Attorney (POA) duly supported by the board resolution authorising the signatories of the Bid. 14. The Bid must be submitted in a sealed envelope with Title as BID FOR SALE OF NPA - INDIVIDUAL ACCOUNTS and addressed to- Mr. Sreejith K. AGM, Legal Department Dena Bank Dena Corporate Centre C-10, G Block, 5 th Floor Bandra Kurla Complex Bandra (East), Mumbai-400 051 The Bid should be submitted so as to reach us not later than June 3 rd, 2015 by 11:00 a.m. 15. Bidders are expected to submit their Bid with independent study & assessment in respect of NPA accounts and value thereof before submitting their Bid. By virtue of submission of the Bid, it shall be deemed that the Bidders have conducted their own independent due diligence at their own costs including verifying various legal proceedings, as well as ascertaining the known and unknown liabilities, encumbrances and any other dues from concerned authorities or stakeholders to their satisfaction before submitting the Bid. Any Bid made shall be deemed to have been submitted after complete satisfaction of Bidders thereto and any or all claims there against after due inspection. 16. The Bid should be made on the basis of the terms of the TD as circulated to Bidders without prejudice to Dena Bank s right to make any amendments. Tender Document for Sale of Financial Assets 8

17. Conditional & Contingent Bid shall be liable to be disqualified by Dena Bank. 18. Bids must be signed by the Bidder (and each page thereof initialled by the Bidder) by their authorised signatory. Absence of required duly authorised signatures would render the submission invalid. 19. In preparation for this sale, Dena Bank has assessed in detail, the characteristics of the NPA Portfolio in conjunction with Special Situation Advisors (India) Pvt. Ltd. Reserve Price has been set by Dena Bank as its internal assessment of every account, the expected realisation and taking into account value analysis carried out by Special Situation Advisors (India) Pvt. Ltd., in discussions with the Dena Bank. The Reserve Price has been annexed herewith in Annexure 3. Provided this Reserve price is met or exceeded, Dena Bank shall consider completion of sale of the Financial Assets Portfolio within the timeframe outlined in this TD. 20. All costs, expenses and liabilities incurred by each Bidder in connection with the Transaction, including (without limitation) in connection with Due Diligence, preparation and/or submission of the Bid, including fees and disbursements of its own advisors, if any, shall be borne and paid by such Bidder, whether its Bid is accepted or rejected for any reason, and Dena Bank does not assume any liability whatsoever in this connection. 21. Any discussions or any clarifications, information sought or divulged with respect to the Bid will not constitute an invitation or commitment by Dena Bank to enter into any intent, motive, agreement, undertaking or covenant with the Bidder nor shall Dena Bank be liable to consummate deal with any Participant on the basis of such discussion, negotiation, information. 22. The Bidder is required to and must exercise utmost good faith, due care and diligence in preparation and submission of the Bid and must ensure that all information provided therein is accurate and complete. 23. Dena Bank may, at its sole discretion, add, amend, vary, modify, delete, any of the conditions of TD as may be deemed necessary in the light of the facts and circumstances and also issue one or more Addenda, Corrigendum as required without giving any reasons thereto. The response required from Bidders as a consequence of any such Addendum shall be specified in the relevant Addendum and the response thereto will be deemed to constitute a part of the relevant Bidder s Bid. 24. Dena Bank may, at any time and for any reason, without giving any reason thereof, change/extend the deadlines/time-lines outlined in this TD, and shall communicate such change/extension individually to each Bidder. 25. The Successful Bidder shall be solely and absolutely responsible for completion of all statutory, regulatory and other compliances for the said purpose including incurring Tender Document for Sale of Financial Assets 9

of any costs, charges and expenses and payment of fees and duties (including the adjudication, stamp duty and registration fee and other similar levy payable and whether payable in one or more states or jurisdictions), statutory and otherwise. However, in cash plus SR bids, the Trust created pursuant to the acquisition of assets shall be responsible for all such post acquisition expenses. 26. Sale of Financial Assets to the Successful Bidder shall be effected by execution of the necessary and appropriate Assignment Agreement(s) in favour of the Successful Bidder, only upon receipt and realization of the entire purchase consideration from the Successful Bidder. The execution of the Assignment Agreements shall be only in the IBA approved format as the case maybe. Submission of the Bid shall be construed as unconditional acceptance of the same. 27. As from the date of execution of the Assignment Agreements as aforesaid in favour of the Successful Bidder/Assignee as aforesaid, all the rights and corresponding duties and obligations of Dena Bank in respect of the subject Case shall vest in the Assignee. Accordingly, Dena Bank shall not continue attending/pursuing/defending to the legal cases which have been /may be filed in relation to the subject case. 28. It is clarified that any payments received in respect of the Financial Asset/s from the cut- off date (Date of commencement of Due Diligence), it shall hold such amounts, in trust for the benefit of the Successful Bidder in respect of such Financial Asset, and upon execution of the related Assignment Agreement and / or transfer instrument shall hand such amounts over to the Successful Bidder or its duly authorised agent. 29. All the documents that the Successful Bidder/Assignee has to collect from Dena Bank under the terms of the Assignment Agreements will be held at the respective Branches/offices of Dena Bank throughout India until collected by the Successful Bidder/Assignee during normal office hours on or after the execution of Assignment Agreements and at any date within 45 days of the execution of Assignment Agreements. It should be noted that it shall be the sole responsibility of the Successful Bidder/Assignee, at its own cost and expense, to collect the aforesaid documents from the various Branches/offices of Dena Bank. 30. Dena Bank reserves its right to cancel the process at any stage before final confirmation and in that event, in absolute discretion, to follow a different method for sale/ transfer of the financial assets which may not be mentioned above. Upon such action Dena Bank s decision in this behalf shall be final and binding on all the Bidders. 31. Dena Bank reserves the right to add or delete accounts or modify the composition of the Loan Portfolio or the single accounts offered for sale and the sale structure at any stage without assigning any reason. 32. Dena Bank reserves the right to accept/reject any Bid without assigning any reasons at its discretion. Dena Bank also reserves the right not to go ahead with the sale if the Tender Document for Sale of Financial Assets 10

price does not match its Reserve Price or for any other reason which it is not obliged to disclose. The decision of Dena Bank in this regard shall be final and conclusive. 33. If by the terms of this TD, any act would be required to be performed on or within a period ending on a day, which is not a Business Day, then it shall be performed, on or by the immediately succeeding Business Day. 34. The Bidder shall not be entitled to withdraw or cancel Bid once submitted 35. In the event of any dispute and /or difference on the point of meaning or definition of any particular word used in this TD or, in respect of interpretation of any clause of this TD or, this TD as a whole or, in respect of sequence of events mentioned therein, decision of the General Manager (RML) Dena Bank shall be final and binding on all the parties concerned. 36. Disputes, if any, shall be subject to jurisdiction of Mumbai Courts/ Tribunals only. 37. Sale of Assets by Dena Bank under the above TD shall be in strict adherence to the RBI / CVC guidelines. In acceptance: Signature and Seal of the Bidder: Tender Document for Sale of Financial Assets 11

Annexure I (On the letter-head of the Bidder) Mr. Sreejith K. AGM, Legal Department Dena Bank Dena Corporate Centre C-10, G Block, 5 th Floor Bandra Kurla Complex Bandra (East), Mumbai-400 051 DATE: Subject: - Dena Bank Portfolio Final Offer/Bid Name and address of the registered office of the Bidder Dena Bank June 2015 Final Portfolio Bid Particulars (Rs. In Crores) Cash component Cash + Security Receipts Basis Security Receipt Total (Minimum 15%) Component SR Offer Shri Maheshwar Hydel Pvt Ltd Electrotherm (India) Ltd Tirupati Build & Off Pvt ltd New Chennai Township Pvt Ltd Rainbow Denim Ltd NRC Ltd Ind Synergy Ltd Dewa Projects Pvt Ltd ACT Educational & Charitable Trust Pithampur Poly Products Ltd Singh Alloys Steel Ltd Shambhavi Contractors Company Pvt Ltd Franchise Resale Pvt. Ltd. Jyoti Supermart Indo Power Cables Ltd Kohli Brothers Sunrise BST Cold Storage Kiz & Associates and Group Advanced High-Tech & Gopal Hi-Tech Dhawal Wire Products

Swastik Marine Corporation Varsha Synthetics Gangdhara Cold storage Pvt Ltd Kutch Cement Pvt Ltd R K Impex Bapa Sitaram Texfab Jaliyan Industries Vijayant Group Laxmi Cotton Industries Shivkrupa Ginning and Pressing Pvt Ltd. Dinesh Agro Products Ltd Sagar Uniexim india Pvt Ltd Future Formulations Pvt Ltd Siddharth Pulses Salecha Industries Unipharma Ampoules & Vials Pvt. Ltd B & C Machinery Ltd. Sanghi Polyesters Ltd Company Kumari Overseas Pvt Ltd & DK Jagannath Silk Twisting Factory & Group Imrana Leather Exports RKS Dental Care Products CTS Constructions Pvt. Ltd. Individual Accounts Terms & Condition of SR: a. Minimum 15% of the total portfolio bid amount should be in cash b. Security Receipt will have pari-passu redemption c. Excess recovery after providing for Security Receipt holders as per agreed terms shall be shared by Security Receipt Holders and ARC in the ratio of 80:20 respectively d. The initial valuation of SRs should be done within a period not exceeding six months of acquiring the underlying asset e. Management fee payable shall be 1.5% p.a. f. The maximum maturity period of Security Receipts shall be 5 years. Any extension of maturity period shall be subject to compliance of RBI guidelines therein. The bidder hereby confirm having read and understood all the terms and conditions of the Tender Document and accepted the same. The Bidder further confirms that it is aware that the Financial Assets are being sold on As is what is and As is where is basis without recourse to Dena Ba nk. This Bid is unconditional, irrevocable & binding in all respect. We have conducted our own independent assessment, investigation, due-diligence and have sought independent professional, financial and legal advice, before submitting this Bid. Dena Bank shall not be in any way liable for anything pertaining to the same. Tender Document for Sale of Financial Assets 13

Signature (s) For Name & designation of the authorised signatory: Tender Document for Sale of Financial Assets 14

Annexure II DECLARATION [On the letter-head of the Bidder] DATE: Mr. Sreejith K. AGM, Legal Department Dena Bank Dena Corporate Centre C-10, G Block, 5 th Floor Bandra Kurla Complex Bandra (East), Mumbai-400 051 Dear Sir, Re: Bid for purchase of Financial Assets of Dena Bank pursuant to the issuance of TD by Dena Bank I/We, the Bidder aforesaid do hereby state that, I/We have read the entire terms and conditions of the Tender Document for Sale of Financial Assets of Dena Bank ( TD ) and understood them fully. I/We, hereby unconditionally agree to conform with and to be bound by the terms of the same. We confirm that we are legally entitled to be the purchasers of Financial Assets in the event of acceptance of our offer by Dena Bank and neither the execution and delivery of the offer and the proposed execution and delivery of Assignment Agreements in the event of acceptance of our Bid by Dena Bank, nor the consummation of the transactions contemplated thereby, nor the fulfilment of or compliance by us with the terms and conditions of the TD, conflict/will conflict with or result/will result in a breach of or a default under any of the terms, conditions or provisions of any legal restriction (including, without limitation, any judgement, order, injunction, decree or ruling of any court or Statutory Authority, or any law, regulations, rules etc) or any covenant or agreement or instrument to which we/our nominee are/is now a party, nor does/would such execution, delivery, consummation or compliance violate or result in the violation of any of our/our nominee s constitution documents. Yours faithfully (M/s. ) Signature of Authorised Signatory Tender Document for Sale of Financial Assets 15

Annexure III Reserve Price For Sale of Assets Name of the Account Shri Maheshwar Hydel Pvt Ltd 25.41 Electrotherm (India) Ltd 36.99 Tirupati Build & Off Pvt ltd 55.15 New Chennai Township Pvt Ltd 31.04 Rainbow Denim Ltd 20.00 NRC Ltd 25.39 Ind Synergy Ltd 14.11 Dewa Projects Pvt Ltd 14.30 ACT Educational & Charitable Trust 9.21 Pithampur Poly Products Ltd 4.18 Singh Alloys Steel Ltd 7.10 Shambhavi Contractors Company Pvt Ltd 0.61 Franchise Resale Pvt. Ltd. 1.08 Jyoti Supermart 0.82 Indo Power Cables Ltd 0.30 Kohli Brothers 1.37 Sunrise BST Cold Storage 1.08 Kiz & Associates and Group 1.78 Advanced High-Tech & Gopal Hi-Tech 0.80 Dhawal Wire Products 1.49 Swastik Marine Corporation 0.62 Varsha Synthetics 0.95 Gangdhara Cold storage Pvt Ltd 2.30 Kutch Cement Pvt Ltd 1.53 R K Impex 0.24 Bapa Sitaram Texfab 3.17 Jaliyan Industries 1.95 Vijayant Group 1.28 Laxmi Cotton Industries 1.49 Shivkrupa Ginning and Pressing Pvt Ltd. 1.99 Dinesh Agro Products Ltd 1.93 Sagar Uniexim india Pvt Ltd 0.17 Future Formulations Pvt Ltd 3.99 Siddharth Pulses 1.60 Reserve Price on CASH + SR Basis (Rs. In Crs.) Tender Document for Sale of Financial Assets 16

Salecha Industries 0.10 Unipharma Ampoules & Vials Pvt. Ltd 2.94 B & C Machinery Ltd. 6.70 Sanghi Polyesters Ltd Company 2.70 Kumari Overseas Pvt Ltd & DK Jagannath Silk 2.79 Twisting Factory & Group Imrana Leather Exports 2.07 RKS Dental Care Products 0.48 CTS Constructions Pvt. Ltd. 1.05 Tender Document for Sale of Financial Assets 17