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TEAR HERE
Date d d / m m / 201
Received From
PUBLIC ISSUE BY NATIONAL HIGHWAYS AUTHORITY OF INDIA (NHAI OR ISSUER OR AUTHORITY) OF TAX FREE SECURED REDEEMABLE NON CONVERTIBLE BONDS OF FACE VALUE OF ` 1,000 EACH IN THE NATURE OF DEBENTURES HAVING TAX BENEFITS UNDER SECTION 10 (15) (iv)
(h) OF THE INCOME TAX ACT, 1961, AS AMENDED (BONDS) NOT EXCEEDING AN AGGREGATE AMOUNT OF ` 10,00,000 LACS. BY WAY OF ISSUANCE OF BONDS IN ONE OR MORE TRANCHES IN THE FISCAL YEAR 2012 (EACH A TRANCHE ISSUE, AND TOGETHER ALL TRANCHE ISSUES UP TO
THE SHELF LIMIT, ISSUE). THE TRANCHE ISSUE BY THE ISSUER IS OF BONDS AGGREGATING TO ` 5,00,000 LACS WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UPTO THE SHELF LIMIT (I.E. UPTO ` 10,00,000 LACS) (TRANCHE 1 ISSUE). THE TRANCHE ISSUE IS BEING OFFERED BY WAY
OF A THE PROSPECTUS TRANCHE - 1, WHICH CONTAINS, INTER ALIA, THE TERMS AND CONDITIONS OF THE TRANCHE - 1 (PROSPECTUS TRANCHE - 1), WHICH SHOULD BE READ TOGETHER WITH THE SHELF PROSPECTUS DATED DECEMBER 13, 2011 FILED WITH THE DESIGNATED STOCK
EXCHANGE AND SEBI (THE SHELF PROSPECTUS). THE SHELF PROSPECTUS, ADDENDUM TO THE SHELF PROSPECTUS TOGETHER WITH THE PROSPECTUS TRANCHE - 1 SHALL CONSTITUTE THE PROSPECTUS.
ACKNOWLEDGEMENT SLIP
Cheque/Demand Draft No. _____________________________ Dated ___________ 201 Banks Stamp & Date
Drawn on (Name of the Bank and Branch)
Acknowledgement is subject to realization of Cheque / Demand Draft.
Options Issue Price No. of Bonds Amount Payable (`)
per Bond (A) applied for (B) (A x B)
Grand Total (`)
Application No.
Application No.
SIGNATURE(S)
z Please Note : Cheque / DD should be drawn in favour of NRI Escrow Account NHAI - Tranche-I by all NRI Applicants and Escrow Account NHAI - Tranche-I by all other applicants. It should be crossed A/c Payee only. z PIease write the soIe/rst AppIicant's name, phone
no. and Application no. on the reverse of Cheque/DD. Demographic details of applicants applying in demat mode will be taken from the records of the Depositories for purpose of refunds, if any.
PAYMENT DETAILS (See General Instruction No. 40)
Total Amount Payable
(` in gures) (` in words)
To, The Members, NATIONAL HIGHWAYS AUTHORITY OF INDIA, G-5 & 6, Sector 10, Dwarka, New Delhi - 110 075
Dear Sirs,
Having read, understood and agreed to the contents and terms and conditions of NHAIs Shelf Prospectus dated December 13, 2011 and Prospectus Tranche 1 dated December 22, 2011, I/We hereby apply for allotment to me/us; of the under mentioned Series Bonds out of the Tranche 1 Issue. The amount payable on application for the below mentioned Series Bonds is remitted
herewith. I/We hereby agree to accept the Series Bonds applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to applicable statutory and/or regulatory requirements. I/We irrevocably give my/our authority and consent to SBICAP Trustee Company Limited, to act as my/our trustees and for doing such acts and signing
such documents as are necessary to carry out their duties in such capacity. I/We acknowledge that the Applications made by me/us do not exceed the investment limit on the maximum number of Series Bonds which may be held by me/us under applicable statutory and /or regulatory requirements. By making this application, I/We acknowledge that I/We have understood the terms
and conditions of the Tranche 1 issue of Series Bonds of the Company as disclosed in the prospectus.
NolW|l|slard|r aryl||r corla|red |r l||s lorr ard l|e allac|rerls |erelo, oy ra||r l||s app||cal|or: lr case ol app||carls ol|er l|ar NRls: l/we corlrr l|al l ar/we are lrd|ar Nal|ora|(s)/re|slered |r lrd|a, res|derl |r lrd|a ard l ar/ We are rol app|y|r lor l|e sa|d 8ords as ror|ree(s) ol ary persor res|derl ouls|de lrd|a ard/or Fore|r Nal|ora|(s). lr case ol NRl app||carls:
l/We corlrr l|al l ar/ We are a NRl(s) as per Fore|r Exc|are Varaererl Acl, 1999, as arerded ard ru|es, reu|al|ors, rol|lcal|ors ard c|rcu|ars |ssued, ard l ar/ We are rol app|y|r lor l|e sa|d 8ords as ror|ree(s) ol ary persor res|derl ouls|de lrd|a (ol|er l|ar ar NRl app||carl e|||o|e lo app|y urder l|e lssue) ard/or Fore|r Nal|ora|(s).
NolW|l|slard|r aryl||r corla|red |r l||s lorr ard l|e allac|rerls |erelo, l/We corlrr l|al l |ave carelu||y read ard urderslood l|e corlerls, lerrs ard cord|l|ors ol l|e Prospeclus, |r l|e|r erl|rely ard lurl|er corlrr l|al |r ra||r ry/our |rveslrerl dec|s|or: (|) l/We |ave re||ed or ry/our oWr exar|ral|or ol NlAl ard l|e lerrs ol l|e lssue, |rc|ud|r l|e rer|ls ard r|s|s
|rvo|ved, (||) our/ry dec|s|or lo ra|e l||s app||cal|or |s so|e|y oased or l|e d|sc|osures corla|red |r l|e Prospeclus, (|||) ry/our app||cal|or lor 8ords urder l|e lssue |s suojecl lo l|e app||cao|e slalulory ard/or reu|alory requ|rererls |r correcl|or W|l| l|e suoscr|pl|or lo lrd|ar secur|l|es oy re/us, (|v) lr case ol app||carls ol|er l|ar NRls: l/We ar/are rol persors res|derl ouls|de
lrd|a ard/or lore|r ral|ora|s W|l||r l|e rear|r l|ereol urder l|e Fore|r Exc|are Varaererl Acl, 1999, as arerded ard ru|es reu|al|ors, rol|lcal|ors ard c|rcu|ars |ssued l|ereurder, lr case ol NRl app||carls: l/We ar/are a NRl(s) W|l||r l|e rear|r l|ereol urder l|e Fore|r Exc|are Varaererl Acl, 1999, as arerded ard ru|es, reu|al|ors, rol|lcal|ors ard c|rcu|ars
|ssued ard ar e|||o|e lo app|y urder l|e lssue, ard (v) l/We |ave oola|red l|e recessary slalulory ard/or reu|alory perr|ss|ors/corserls/approva|s |r correcl|or W|l| app|y|r lor, suoscr|o|r lo, or see||r a||olrerl ol 8ords pursuarl lo l|e lssue.
APPLICATION FORM
SOLE/FIRST APPLICANT SECOND APPLICANT THIRD APPLICANT
PERMANENT ACCOUNT NUMBER (Mandatory)
(See General Instruction No. 34)
While submitting the Application Form, the Applicant should ensure that the date stamp being put on the Application Form by the Bank matches with the date stamp on the Acknowledgement Slip.
Cheque / Demand Draft No. _______ __________________________________ Dated _____ _______________/ 201
Drawn on Bank_________________________________________________________________________________________
Branch________________________________________________________________________________________________
All future communication in connection with this application should be addressed to the Registrar to the Issue, MCS LIMITED, F-65, 1st Floor, Okhla
Industrial Phase I, New Delhi - 110 020, Tel: +91 11 41406149 - 52; Fax: +91 11 41709881, Email: admin@mcsdel.com, Investor Grievance Email:
mcscomplaintsdel@mcsdel.com, Website: www.mcsdel.com, Contact Person: Mr. Sibhabrata Biswas, SEBI Registration No.: INR000000056 after Quoting
full name of Sole/First Applicant, Application No., Type of Series applied for, date, bank and branch where the application was submitted and Cheque/
Demand Draft Number and name of the issuing bank.
PIease II in the Form in EngIish using BLOCK Ietters
APPLICANTS' DETAILS (for AppIicants appIying in Demat Mode name(s) shouId be in the same order as it appears in the demat account) d d / m m / 201
Date
OTHER DETAILS OF SOLE/FIRST APPLICANT CATEGORY (Please )
NAME OF SOLE/FIRST APPLICANT Mr./Mrs./Ms./M/s.
NAME OF GUARDIAN Mr./Mrs./Ms.
(In case of minor only)
DATE OF BIRTH
(Compulsory for minor)
d d m m y y y y
ADDRESS
(of Sole / First Applicant)
Telephone
(with STD Code)
Pin Code
(Compulsory) E-mail
SECOND APPLICANT Mr./Mrs./Ms.
THIRD APPLICANT Mr./Mrs./Ms.
AGE years
Category I - Companies / Bodies Corporate / Registered Societies; Public/Private Charitable/Religious Trusts; Scientifc and/or ndustrial Research Organisations; Partnership Firms in the name of the partner; and Limited liability partnership
Category II - Resident Indian individuals*; Hindu Undivided Families through the Karta*; and Non Resident Indians (NRI) on repatriation as well as non-repatriation basis*. (*applying for an amount aggregating to above ` 5 lakhs)
Category III - Resident Indian individuals
#
; Hindu Undivided Families through the Karta
#
; and Non Resident Indians on repatriation as well as non-repatriation basis
#
. (
#
applying for an amount aggregating to upto and including ` 5 lakhs)
Central Depository Services (India) Limited (CDSL)
(16 digit benefciary A/c. No. to be mentioned above)
Depository Name (Please )
Depository Participant Name
DP - ID
Benefciary Account Number
National Securities Depository Limited (NSDL)
I N
DEPOSITORY PARTICIPANT DETAILS (For Applications In Demat Mode)
Lead Manager's / Consortium Member's Name & Code Sub-Broker's / Agent's Code Bank Branch Stamp Date of Receipt Sub-Consortium Member's / Broker's Name & Code Bank Branch Serial No.
M K
THE SPECIFIC TERMS OF EACH INSTRUMENT ARE SET OUT BELOW:
* For var|ous rodes ol |rleresl payrerl, p|ease reler lo l|e secl|or 'Terrs ol l|e lssue or pae 32 |r l|e Prospeclus Trarc|e - 1. ** NHAI shall allocate and allot Tranche 1 Series 2 Bonds to all valid applications, wherein the applicants have not indicated their choice of the relevant Bond Series.
THE KEY COMMON TERMS AND CONDITIONS OF THE BONDS ARE AS FOLLOWS:
MinimumApplication Size
The minimum number of Bonds per application form will be calculated on the basis of the total number of
8ords app||ed lor urder eac| suc| App||cal|or Forr ard rol or l|e oas|s ol ary spec|lc opl|or
Rating
'CRl3lLAAA/3lao|e oy CRl3lL, 'CARE AAA oy CARE ard 'F|lc| AAA(|rd) W|l| 3lao|e 0ul|oo| oy FlTCl
Stock Exchange proposed
for listing
83E L|r|led ard Nal|ora| 3loc| Exc|are ol lrd|a L|r|led
Debenture Trustee
SBICAP Trustee Company Limited
Depositories
NSDL and CDSL
Security
The Bonds issued by NHAI will be secured. NHAI will create security in favour of Trustee pursuant to the
terms of the Prospectus.
Issuance
Both in physical as well as in dematerialized form
Trading
Compulsorily in dematerialized form
Market Lot / Trading Lot
0re 8ord
Deemed Date of Allotment
The Deemed Date of Allotment shall be the date as may be determined by the Board or Committee and
rol|led lo l|e 83E ard N3E. A|| oerells urder l|e 8ords |rc|ud|r payrerl ol |rleresl W||| accrue lo l|e
Bondholders from the Deemed Date of Allotment. Actual Allotment may occur on a date other than the
Deemed Date of Allotment.
SUBMISSION OF APPLICATION FORMS: A|| App||cal|or Forrs du|y corp|eled ard accorpar|ed oy accourl
payee cheques or drafts shall be submitted to the designated collection banks during the Issue Period. No separate
rece|pls s|a|| oe |ssued lor l|e rorey payao|e or l|e suor|ss|or ol App||cal|or Forr. loWever, l|e co||ecl|or
oar|s W||| ac|roW|ede l|e rece|pl ol l|e App||cal|or Forrs oy slarp|r ard relurr|r lo l|e App||carls l|e
ac|roW|edererl s||p. T||s ac|roW|edererl s||p W||| serve as l|e dup||cale ol l|e App||cal|or Forr lor l|e records
of the Applicant. Applications shall be deemed to have been received by us only when submitted to Bankers to the
Issue at their designated branches as detailed above and not otherwise.
ADDITIONAL/MULTIPLE APPLICATIONS: An Applicant may make multiple applications for the total number of
8ords requ|red ard l|e sare s|a|| oe cors|dered va||d. For lurl|er dela||s p|ease see 0erera| lrslrucl|or ro. 13
BASIS OF ALLOTMENT: For Calelory l ard ll or F|rsl core lrsl serve oas|s (delerr|red or l|e oas|s ol dale
ol rece|pl ol eac| app||cal|or du|y ac|roW|eded oy l|e 8ar|ers lo l|e lssue). For Caleory lll or proporl|orale
oas|s: App||carls oe|or|r lo Caleory l W||| oe a||ocaled uplo 10 ol overa|| |ssue s|ze. App||carls oe|or|r lo
l|e Caleory ll W||| oe a||ocaled uplo 30 ol overa|| |ssue s|ze. App||carls oe|or|r lo Caleory lll W||| oe a||ocaled
uplo 30 ol overa|| |ssue s|ze (For lurl|er dela||s, p|ease see 0erera| lrslrucl|or ro. 15).
V|r|rur a||olrerl W||| oe ol 1 8ord ard |r ru|l|p|es ol 1 8ord l|erealler.
Options Series of Bonds**
Tranche 1 Series 1 (I) Tranche 1 Series 2 (II)
Tenor 10 years 15 years
Redemption Date
At the end of 10 years from the Deemed Date of Allotment Al l|e erd ol 15 years lror l|e 0eered 0ale ol A||olrerl
Redemption Amount (` / Bond)
Repayrerl ol l|e Face va|ue p|us ary |rleresl l|al ray |ave accrued al
the Redemption Date
Repayrerl ol l|e Face va|ue p|us ary |rleresl l|al ray |ave accrued al
the Redemption Date
Frequency of Interest Payment
Annual Annual
MinimumApplication Size ` 50,000 (50 8ords)
In Multiples of ` 1,000 (1 8ord) ` 1,000 (1 8ord)
Face Value (` / Bond) ` 1,000.00 ` 1,000.00
Issue Price (` / Bond) (A) ` 1,000.00 ` 1,000.00
Mode of Interest Payment
Through various modes available* Through various modes available*
Coupon Rate (%) p.a.
8.20 per arrur 8.30 per arrur
Nature of Indebtedness and Ranking
The Bonds shall rank pari passu inter se, and subject to any obligations
under applicable statutory and/or regulatory requirements, shall also, with
reard lo l|e arourl |rvesled, oe secured oy Way ol lrsl par| passu c|are
or l|e |rrovao|e properl|es s|lualed al A|redaoad ard lrsl c|are or
lxed assels ol NlAl (as relecled |r l|e 8a|arce 3|eel lor l|e lrarc|a|
year erded Varc| 31, 2011), oe|r |||Way projecl corpr|s|r ol a||
superstructure including highway lightings, road barriers and dividers,
bridges, culverts and all other super structures constructed on national
|||Ways excepl l|ose urder l|e 3ural-Varor To||Way Projecl erlrusled
lo NlAl lo l|e exlerl ol 100 ol l|e arourls oulslard|r |r respecl
of the Bonds at any time. The mode of creation of security shall be by
way of mortgage and the security creation requires prior approval and
aul|or|zal|or oy l|e Cerlra| 0overrrerl as oWrer ol l|e |ard. T|e N0C lor
l|e sare |as oeer rece|ved lror l|e Cerlra| 0overrrerl. T|e c|a|rs ol
the Bond holders shall be superior to the claims of any unsecured creditors,
subject to applicable statutory and/or regulatory requirements and shall
rank pari passu to the claims of the secured creditors of NHAI
The Bonds shall rank pari passu inter se, and subject to any obligations under
applicable statutory and/or regulatory requirements, shall also, with regard
lo l|e arourl |rvesled, oe secured oy Way ol lrsl par| passu c|are or l|e
|rrovao|e properl|es s|lualed al A|redaoad ard lrsl c|are or lxed assels
ol NlAl (as relecled |r l|e 8a|arce 3|eel lor l|e lrarc|a| year erded Varc|
31, 2011), oe|r |||Way projecl corpr|s|r ol a|| superslruclure |rc|ud|r
highway lightings, road barriers and dividers, bridges, culverts and all other
super structures constructed on national highways except those under the
3ural-Varor To||Way Projecl erlrusled lo NlAl lo l|e exlerl ol 100 ol
the amounts outstanding in respect of the Bonds at any time. The mode
of creation of security shall be by way of mortgage and the security creation
requ|res pr|or approva| ard aul|or|zal|or oy l|e Cerlra| 0overrrerl as
oWrer ol l|e |ard. T|e N0C lor l|e sare |as oeer rece|ved lror l|e Cerlra|
0overrrerl. T|e c|a|rs ol l|e 8ord |o|ders s|a|| oe super|or lo l|e c|a|rs
of any unsecured creditors, subject to applicable statutory and/or regulatory
requirements and shall rank pari passu to the claims of the secured creditors
of NHAI
No. of Bonds applied for (B)
Amount Payable (Rs.) (A*B)
Total Number of Bonds (I+II)
Grand Total (I+II) (Rs.)
OPTION TO HOLD THE BONDS IN PHYSICAL FORM*
(If this option is selected, the KYC Documents as mentioned in Instruction No. 36 are mandatory)
n terms of Section 8(1) of the Depositories act, 1996, /we wish to hold the Bonds in physical form. /We hereby confrm that the information provided in APPLCANTS
DETAILS is true and correct. I/We enclose herewith as the KYC Documents, self attested copies of PAN Card, Proof of Residential Address and a Cancelled Cheque
of the bank account to which the amount pertaining to payment of refunds, interest and redemptions as applicable should be credited.
______________________________________ ______________________________________ ______________________________________
Sole/First Applicant Second Applicant Third Applicant
NOMINATION (FOR ALLOTMENT IN PHYSICAL FORM)
Name of the Nominee : __________________________________________________________________________________________________
In case of Minor, Guardian : ______________________________________________________________________________________________
Bank Details for payment of Refund / Interest / Maturity Amount
Bank Name : _______________________________________________________________ Branch : ____________________________________
Account No. : ______________________________ IFSC Code : __________________________ MICR Code : ___________________________
City
For NRI Applicants: Demat Account Status (Please Tick) Repatriable Non-Repatriable
CREDIT RATING
CRISIL AAA/Stable by CRISIL, CARE AAA by CARE
and Fitch AAA(ind) with Stable Outlook by FITCH
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R
R
Series 1
(10 years)
Series 2
(15 years)
` 1000/-
` 1000/-
TRANCHE 1 ISSUE OPENS ON : WEDNESDAY DECEMBER 28, 2011
TRANCHE 1 ISSUE CLOSES ON : WEDNESDAY JANUARY 11, 2012^
^T|e suoscr|pl|or ||sl lor l|e lssue s|a|| rera|r oper lor suoscr|pl|or al l|e corrercererl ol oar||r |ours ard c|ose al l|e c|ose ol oar||r |ours, W|l| ar opl|or lor ear|y c|osure (suojecl lo l|e lssue oe|r oper lor a r|r|rur ol 3 days) or exlers|or oy suc| per|od, uplo a rax|rur per|od ol 30 days lror l|e dale ol oper|r ol l|e lssue, as ray
be decided by the Board of NHAI subject to necessary approvals. In the event of such early closure of the subscription list of the Issue, NHAI shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in a leading national daily newspaper.
* Application by NRI in Physical Form to be submitted only at the collection centres as mentioned in page 3 herein.
(AN AUTONOMOUS BODY UNDER THE MINISTRY OF ROAD TRANSPORT & HIGHWAYS, GOVERNMENT OF INDIA)
(Constituted on June 15, 1989 by an Act of Parliament - The National Highways Authority of India Act, 1988)
Head Ofce : G-5 & 6, Sector 10, Dwarka, New Delhi - 110 075; Tel: +91 11 25074100/4200; Fax: +91 11 25093517/3515; Website: www.nhai.org, E-mail: taxfreebonds@nhai.org,
CompIiance Ofcer: Mr. S.K. Chauhan, Manager (Finance & Accounts); Tel.: +91 11 25074100/4200, Extension: 2479, Fax: +91 11 25093517; E-mail: compliancetfb@nhai.org
(AN AUTONOMOUS BODY UNDER THE MINISTRY OF ROAD TRANSPORT & HIGHWAYS, GOVERNMENT OF INDIA)
(Constituted on June 15, 1989 by an Act of Parliament - The National Highways Authority of India Act, 1988)
Head Ofce : G-5 & 6, Sector 10, Dwarka, New Delhi - 110 075; Tel: +91 11 25074100/4200; Fax: +91 11 25093517/3515; Website: www.nhai.org, E-mail: taxfreebonds@nhai.org,
CompIiance Ofcer: Mr. S.K. Chauhan, Manager (Finance & Accounts); Tel.: +91 11 25074100/4200, Extension: 2479, Fax: +91 11 25093517; E-mail: compliancetfb@nhai.org
AK Stockmart 23/12695-32
KARVY STOCK BROKING LTD 23/07701-38
73934636
73934636
310109
NATIONAL HIGHWAYS AUTHORITY OF INDIA 2
NATIONAL HIGHWAYS AUTHORITY OF INDIA - APPLICATION FORMS WILL BE AVAILABLE AT FOLLOWING LOCATIONS
ICICI SECURITIES LIMITED
SBICAP SECURITIES LIMITED
AGRA: SBICAP Securities Ltd., C/o. SBI Main Branch, Chipitola 282 001, P: 2252079. AHMEDABAD: SBICAP Securities Ltd., 4, Nishka Avenue, Opp. Pizza Hut, Navrangpura 380 009, P: 26561450. SBICAP Securities Ltd., 2nd Floor, Nirman, Besides Jyoti Plaza, Nr. Shyamal Cross Road, Satellite 380 015, P: 26764456. SBICAP Securities Ltd., C/o. State Bank of India, 1st Floor, Modi Arcade, Near Rly. Station, Maninagar (West) 380 008, P: 25469205;
AMRITSAR: SBICAP Securities Ltd., C/o. State Bank of India, Main Branch, Town Hall,143 001, P: 5030146. BANGALORE: SBICAP Securities Ltd., SBI LHO Campus, Behind SPB Branch, St. Marks Road 560 001, P: 32905247. SBICAP Securities Ltd., PB No-483, No-73, K R Road, SBM Building 1st Flr., Basavangudi 560 004, P: 42103575. SBICAP Securities Ltd., 1st Floor, C/o. SBI Koramangala, PBB Branch No.472, AVS Complex, 4th Block, Ko-
ramangala 560 034, P: 49074203. BHAVNAGAR: SBICAP Securities Ltd., C/o State Bank of Saurashtra - Kalanala Branch, Kalanala 364 001, P: 2520009. BHILAI: SBICAP Securities Ltd., SBI Main Branch, Sector 1 490 001, BHOPAL: SBICAP Securities Ltd., State Bank of Indore, Paanchanan, T T Nagar 462 003, P: 6549108. CHANDIGARH: SBICAP Securities Ltd., C/o. State Bank of India, Main Branch, SCO 43-48, 1st Flr, Sector 17 B 160 017, P:
5079240.CHENNAI: SBICAP Securities Ltd., SBI Main Branch New No. 84, 22 Rajaji Salai 600 001, P: 42065997. SBICAP Securities Ltd., SBI Building No 2 A, Prakasam Road, Panagal Park, T Nagar 600 017, P: 42606204. SBICAP Securities Ltd., SBI SPB Branch, Plot No.4, Teachers Colony, Indiranagar, Adyar 600 020, P: 42607565.COIMBATORE: SBICAP Securities Ltd., SBI Main Branch, State Bank Road 641 018, P: 2395711. SBICAP Securities
Ltd., SBI Premises - 1st Flr., 451, D.B. Road, R.S.Puram 641 018, P: 4355527. DEHRADUN: SBICAP Securities Ltd., SBI Main Branch, 4th Convent Road 248 001, P: 2651156; DURGAPUR: SBICAP Securities Ltd., C/o. State Bank India, Durgapur Branch, DSP Maingate, PO Durgapur- 713 203, P: 2588289. ERODE: SBICAP Securities Ltd., C/o. SBI Main Branch, D-48, State Bank Road 638 003, P: 4270818. FARIDABAD: SBICAP Securities Ltd., State
Bank of India, 1st Flr., Neelam Chowk, N.I.T,121 001, P: 2420209. GHAZIABAD: SBICAP Securities Ltd., C/o. State Bank of India, Navyug Marget 201 001, P: 2798891.GUNTUR: SBICAP Securities Ltd., Shop No-13, Second Floor, Raghu Mansion, 4/1, Brodipet 522002, P: 3244001.GURGAON: SBICAP Securities Ltd ., Sbicap Securites, SBI Sushant Lok 1, B/05, Unitech Trade Centre 12209, P: 2385365. GUWAHATI: SBICAP Securities Ltd., C/o. State
Bank of India, Dispur Branch, Opposite Assam Sachibalaya, Dispur 781 006, P: 2237594. GWALIOR: SBICAP Securities Ltd., C/o State Bank of India, Basement, Main Branch, Jiwaji Chowk, Lashkar 474 001, P: 2620727. HYDERABAD: SBICAP Securities Ltd., State Bank of Hyderabad, Ground Floor, Gunfoundry 500 001, P: 23321875. SBICAP Securities Ltd., Room 4, 1st Flr., H.No 10-2-199, Nehrunagar, Entrenchment Rd., Marred Pally, Secunderabad
500 026, P: 27700135. SBICAP Securities Ltd., 1st Floor, DMC Center, Above State Bank of India, St. JohnS Road, East Marredpally, Secunderabad 500 026, P: 40137725. INDORE: SBICAP Securities Ltd., State Bank of Indore 5, Yashwant Niwas Road 452 003, P: 2547517. SBICAP Securities Ltd., State Bank of India, GPO Main Branch 452 001, P: 4036625.JABALPUR: SBICAP Securities Ltd., C/o. SBI Main Branch, Civil Lines 482 001, P: 4218261.
JAIPUR: SBICAP Securities Ltd., C/o. SBI Special Branch, Ground Floor, Sangeneri Gate 302003, P: 4006483. SBICAP Securities Ltd., 128 , A - Block , 1st Flr, Opp. SBBJ Bank, Ganpati Plaza, M I Road 302 001, P: 3221945. JALANDHAR: SBICAP Securities Ltd., C/o. 3lale 8ar| 0lrd|a, C|v|| L|res 111001, P: 1331Z. JAMMU: SBICAP Securities Ltd., C/o. State Bank of India, Railway Road Branch 180 001, P: 2471118. JAMNAGAR: SBICAP Se-
curities Ltd., G-3, Ground Flr., Madhav Darshan Complex, Opposite Cricket Bungalow Near Limda Line 361 001, P: 2555170. JAMSHEDPUR: SBICAP Securities Ltd., SBI, Jamshedpur Bistupur 831001, P: 3206515. JODHPUR: SBICAP Securities Ltd., C/o. SBI, Special Branch, High Court Campus, Kachauri 342 001, P: 2546546.KANPUR: SBICAP Securities Ltd., SBI Va|r 8rarc| Carpus, Zora| 0llce,1/101 C|v|| L|re Va|| Road 208 001, P: 23335Z1.
KOCHI: SBICAP Securities Ltd., SBI Shanmugham Rd., Branch 2nd Floor, KTDC Bldg, Ernakulam 682 031, P: 3248745. KOLKATA: SBICAP Securities Ltd., SBI Main Branch, Sammriddi Bhavan, 3rd Floor, 1-Strand Road, 700 001, P: 22481729. SBICAP Securities Ltd., State Bank of India, Jeevandeep Bldg, Ground Floor, Middleton Street 700 071, P: 22886604. SBICAP Securities Ltd., C/o. SBI, 50 A, Gariahat Road, Ballygunge 700 019; KOTA: SBICAP
Securities Ltd., Kota Main Branch, Chhawani Chouraha 324 007, P: 2390147. LUCKNOW: SBICAP Securities Ltd., C/o State Bank of India, 2/103 Vijay Khand First Flr, Gomti Nagar 226 010, P: 2303261. SBICAP Securities Ltd., C/o. SBI Govt. Business Branch, Moti Mahal Marg, Behind K.D.Singh Babu Stadium, Hajrath Ganj 226 001, P: 3202184.LUDHIANA: SBICAP Securities Ltd., SBI, 1st Floor, Fountain Chowk, Civil Lines 141 001, P: 5025634.
MADURAI: SBICAP Securities Ltd., C/o. State Bank of India, Number-7A, West Veli Street, Opposite Railway Station 625 001, P: 4506404. MANGALORE: SBICAP Securities Ltd., C/o. SBI, Mangalore Main Branch, Port Road, P.B. No-90, 575 011, P: 4265361. MUMBAI: SBICAP Securities Ltd., State Bank of India, M.G.Road Ghatkopar East 400 077, P: 25020964. SBICAP Securities Ltd., 1st Floor, Tulsiani Chembers, Nariman Point 400 021, P: 32660218.
SBICAP Securities Ltd., SBI Admin Building Compound, Madam Cama Rd., Nariman Point 400 021, P: 22023214. SBICAP Securities Ltd., C/o. SBI SPB Branch, Mumbai Samachar Marg, Gate No 7, Horniman Circle, Fort 400 001, P: 32660216. SBICAP Securities Ltd., 2nd Flr, C Wing, Mafatlal Chambers, N.M Joshi Marg, Lower Parel 400 013, P: 42273451. SBICAP Securities Ltd., C/o. SBI JVLR Branch, Ground Floor, Juhu Versova Link Road, Andheri
(W) 400 053, P: 26707887. MYSORE: SBICAP Securities Ltd., C/o. State Bank of India, Mysore Main Branch, P.B.No. 204, Motikhana Building, New Sayaji Rao Road 570 024, P: 2435866. NAGPUR: SBICAP Securities Ltd., C/o. SBI Seva Sadan Branch, 75 Moti Mohan Complex, Seva Sadan Chowk, C.A.Road 440 018, P: 3257729. NASHIK: SBICAP Securities Ltd., C/o. SBI SPBB Br., Plot No. 56, Opp. Wadnagare Bhavan, Thatte Wadi, College Road
422 005, P: 2232152. NEW DELHI: SBICAP Securities Ltd., SBI SPB Branch 11, Parliament Street 110 001, P: 23744235. SBICAP Securities Ltd., State Bank of India, Personal Banking Branch, A-15 Hauz Khas 110016, P: 26511104. SBICAP Securities Ltd ., 9, New Rajdhani Enclave, Swasthya Vihar, Nr Preet Vihar Metro Station 110 092, P: 45108482. SBICAP Securities Ltd., C/o. State Bank of India, E-2/28, Sector-7, Rohini 110 085, P: 27055815.
NOIDA: SBICAP Securities Ltd., C/o. State Bank of India, Sector-26, 201 301, P: 2532133. PANJIM: SBICAP Securities Ltd., SBI, Panaji Main Branch, Dayanand Bandodkar Marg, Near Hotel Mandovi 403 001, P: 3253886. PATIALA: SBICAP Securities Ltd., State Bank of Patiala Mall Road, The Mall Near Sherawala Gate, Demat Section 147 001, P: 5013356. PATNA: SBICAP Securities Ltd., C/o. State Bank of India ,SPB Gandhi Maidan, Biscoman
Bhavan 800 001, P: 3260943. PONDICHERRY: SBICAP Securities Ltd., 164, Kamraj Salai, 1st Flr., Above SBI ADB Branch 605 013, P: 4304236. PUNE: SBICAP Securities Ltd., State Bank of India, Deccan Gymkhana Branch, J. M. Road, Deccan Gymkhana 411 004, P: 25539399. SBICAP Securities Ltd., C/o. SBI Bund Garden Branch, Grale 171/B, 1st Floor, DP Road 411 001, P: 30221091. RAIPUR: SBICAP Securities Ltd., C/o State Bank of India,
Kutchery Branch, Kutchey Chowk 492 001, P: 4075329. RAJKOT: SBICAP Securities Ltd., 608, Dhanrajni Complex, 6th Flr., Near Imperial Palace Hotel, Dr. Yagnik Road 360 001,P: 3043328. SALEM: SBICAP Securities Ltd., SBI Siruthozhil Branch Bank, House No. 68, Cherry Road 636 007, P: 4031780. SHIMLA: SBICAP Securities Ltd., C/o. State Bank of India, New Building, 2nd Floor, The Mall 171 003, P: 2652726. SURAT: SBICAP Securities Ltd.,
1/580, Pore Street, Nanpura, Opp SBI 395 001, P: 2464888.THIRUVANANTHAPURAM: SBICAP Securities Ltd., 1st Flr, State Bank of Travancore Building, Sasthamangalam 695 010, P: 6454296. TRICHY: SBICAP Securities Ltd., C/o. State Bank Of India, Micr Center, Ground Flr, Asha Arcade, 73 Promenade Road, Cantonment 620 001, P: 4002818. UDAIPUR: SBICAP Securities Ltd., C/o. SBI Main Branch, 23/C Madhuban 313 001, P: 2420150.VADO-
DARA: SBICAP Securities Ltd., SBI, Alkapuri, R.C. Dutt Road 390 007, P: 6535747. SBICAP Securities Ltd., C/o. SBI Mandvi Main Branch, Opp Jamnabhai Hospital, Mandvi 390 001, P: 2516422. SBICAP Securities Ltd., C/o. SBI Makarpura I.E. Branch, VCCI Building, Makarpura 390 010, P: 2632533. VARANASI: SBICAP Securities Ltd., C/o State Bank of India, Bhelupur Branch 221 010, P: 22277558.VIJAYAWADA: SBICAP Securities Ltd., SBI
,Governorpet Branch, Ali Begh Street, Governorpet 520 002, P: 2577887.VISAKHAPATNAM: SBICAP Securities Ltd., C/o. SBI Main Branch, Demat Section, Opposite Jail Road Junction, Near Redham Gardens 530002, P: 9949324544.
A. K. STOCKMART PRIVATE LIMITED
AGRA: Bonanza Portfolio Limted, Plot No. 102, 1St Floor, Puneet, Vrindavan, Sanjay Place 280002, P: 9219556377; Sharekhan Ltd, F-2, First Floor, Friends Trade Center, Nehru Nagar, Opp.Anjana Cinema, M.G.Marg, P: 0562- 4032053; AHMEDABAD: Spa Securities Limited, 803, Shivalik Building Near Panchwati Cross Road Amdawadi 380002, P: 079-30013800; Nitin Parikh Brokerage Services Limited, 101, Akashganga, Gujarat College Road, Ellisbridge,
380006, P: 9825014640; Wealth First Portfolio Managers Pvt Ltd, 10, Paras 2, Near Prahladnagar Gadern, Prahlad Nagar 380015, P: 9979854051; Integrated Enterprises (India) Limited, 21 Nirman Ground Floor Behind Navrangpura Bus Stop Navrangpura 380009, P: 26443289; Assel A|||arce 3ecur|l|es Pvl Lld, Ad|lya 3ecur|l|es 88/Z12Pus|pa| Apl Nr.3o|a loc Posl 0llce 132 Fl. R|r Road, Nararpura 380052, P: 9821313018, Asset Alliance Securities Pvt
Ltd, Latin Manharlala Securities Pvt Ltd Neel Kamal Complex 2Nd Floor, Opp Sales India Ashram Road Near Income Tax Cirle 380052, P: 9227630300; Idbi Capital Markeet Services Ltd, 314, 3Rd Floor Crystal Arcade Besides Bsnl Complex Near Girish Cold Drink Cross Road C G Road 380006, P: 40075054; Ifci Financial Services Ltd, 303 Olive Archade Opp Samudra Annexe Off Cg Road 380009, P: 40328915; Jm Financial Services Private Limited, G-10
Chinubhai Centre Gr Floor Nehru Bridge Corner Ashram Road 380009, P: 26576666; Re||arce 3ecur|l|es L|r|led, 0llce No 101/8 3||va||| - 2 13l F|oor, Aoove lc|c| 8ar| 132 R|r Road, 3ale|||le-380015, P: 30183153 , Standard Charterd Securites (India) Limited, 101 Popular House Ashram Road 380009, P: 26582817; VarWad| 3|ares Ard F|rarce L|r|led, Arazore Corporale Par| - Parl 1 8/l Navrarpura Posl 0llce C|o|ce Reslaurarl Lare 0ll C.0.Road
380009, P: 9727724629; Kifs Securities Ltd, B/81, Pariseema Complex C.G. Road, Navrangpura 380006, P: 079-3000321; Nirmal Bang Securities Private Limited, 1St Flr, Shoppers Plaza-2 Opp Telephone Exchange C G Road Navarangpura Gujarat, P: 33000033; Anand Rathi Shares & Stock Brokers Limited, Anand Rathi, 201, Parth Complex, Swastik Cross Roads, Off. C. G. Road, Na Vrangpura Gujarat, P: 079-26462404; Motilal Oswal Securities Limited,
City Pride Ground Floor Mithakali Six Roads 380006, P: 9879056565; Bonanza Portfolio Limted, Sheetal Varsha Arcade 403 To 406 Nr.Girish Cold Drink Cross R.D Besides Samudra Ansexe C.G R.D 380009, P: 9825300752; Centrum Wealth Management Limited, A/1003, Narnarayn Complex Swastik Char Rasta Off. C.G. Road Navrangpura 380009, P: 9825222082; Tata Securities Limited, 1St Floor, Shanti Arcade, 1 Ktan Soctiety Nr.B.D.Patel House Narn-
pura 380013, P: 9974313420; Master Capital Services Ltd, 350/1 New Cloth Market O/S Raipur Gate Sarangpur 380002, P: 9227664493; Sharekhan Ltd, 201/202, Dynamic House, Near Vijay Cross Road, Navrangpura, P: 079 - 66060141; Sharekhan Ltd, 212, Shreyas Complex, Opp Jain Derasar Near Bus Stop, Navrangpura Cross Road, Navdurgpura, P: 079-26440394; ALLAHABAD: Master Capital Services Ltd, Prem Pusp Plaza 25-B-1/Ff-1-, M S Marg
Civil Lines 211001, P: 9935318811; Sharekhan Ltd, 1St Floor, Shop No.14 & 15, Vashishti Vinayak Tower, Nr Yatrik Hotel, Tashkant Marg, Civil Lines, P: 0532 - 2260 848; AMBALA CANTT.: 3|are||ar Lld, 1Z/18, 13l F|oor, Adjo|r|r A|rle| 0llce, Ra| Var|el, Aroa|a Carll, P: 01Z1-2153Z, AMRITSAR: Pace Stock Broking Services Pvt Ltd, 8, Gr, Queens Road North, P: 9316050787; Sharekhan Ltd, 5 Deep Complex, 1St Floor , Opp Doaba Automobiles ,
Court Road, P: 0183 - 6451903; ANAND: Sharekhan Ltd, F-5 Prathna Vihar, Anand Vidya Nagar Road, P: 02692-245614; ASANSOL: Eastern Financiers Ltd, Shanti Niwas, West Apcar Garden Beside Income Tax Building Gt Road 713304, P: 0341-2257739; AURANGABAD: Religare Securities Ltd, 1St Floor, Bhaskar Meridian, Opp. Swatantra Sainik Colony, Nageshwarwadi, 431001, P: 7126638098; BANGALORE: Spa Securities Limited, 703-704 7Th Floor
Brigade Tower 135 Brigade Road 560025, P: 080-42977077; Idbi Capital Markeet Services Ltd, No 63 Right Wing 1St Floor K H Road (Double Road) Opp Bmrtc Big Bazaar Above Vodafone Store 560027, P: 22117869; Ifci Financial Services Ltd, No.7 2Nd Cross Csi Compound Mission Road 560027, P: 32557222; Enam Securities Pvt Ltd, 10/3, Ground Floor, No 29 Empire Infantry , Infantry Road 560001, P: 40333222; Bonanza Portfolio Limted, Rama Arcade
No.49/4 2Nd Floor Bowring Hospital Road 560052, P: 9845965585; Centrum Wealth Management Limited, #128, 55/43, Silver Lake Terrace Richmond Road 560025, P: 9686450949; Tata Securities Limited, No. 58/4 , Ground Floor, 8Th Main, 18Th Cross Junction , Malleshwaram 560055, P: 8050000297; Emkay Global Financial Services Ltd, 329/34, Gvs Complex, 2Nd Flr 10Th Main 22Nd Cross 3Rd Block Jayanagar South, P: 9833522839; Sharekhan Ltd,
#2307, Swanlines Building, 12Th Main Road, Jayanagar 3Rd Block East, P: 080 - 42876666; BAREILLY: Sharekhan Ltd, 148 Civil Lines, P: O581-2510922; BHARUCH: Prabhudas Lilladhar Pvt Ltd, 1St Floor, Blue Chip Complex, Sevashram Road Panch Batti 392001, P: 02642-242115; Sharekhan Ltd, 221-227 2Nd Floor, Dream Land Plazza, Opp Nagar Palika, Station Road, P: 02642 244998; Sharekhan Ltd, 228-229, 2Nd Floor, Aditya Complex, Kasak, P:
02642-226243; BHAVNAGAR: Sharekhan Ltd, Gangotri Plaza, 8A 3Rd Floor , Opp Dakshinamurti School , Waghawadi Road, P: 0278 - 2573938; BHILAI: Bonanza Portfolio Limted, Shop No.209 & 210 1St Floor, Khichariya Complex, In Front Of Idbi Bank, Nehru Nagar Square, 490020, P: 9329782027; BHOPAL: Bonanza Portfolio Limted, 244 - Zone 1 , First Floor Back Side Of King Shopping Centre, M.P Nagar Zone 1 462001, P: 9303356050; Prabhu-
das Lilladhar Pvt Ltd, C/O Sunil Doshi. S-9, 2Nd Flr Subhag City Center Opp Indian Coffee House Malviya Nagar 462003, P: 0755-2572290; Sharekhan Ltd, Shop No. 114, 115 & 116, 1St Floor, Plot No. 2, Akansha Parisar, Zone-1, M.P. Nagar, P: 0755 - 4291600; BHUBANESWAR: Standard Charterd Securites (India) Limited, 5 Janpath Unit - 3 Kharavel Nagar 751001, P: 3209981; Bonanza Portfolio Limted, 3Rd Floor Plot No.-96, Vinayak Complex Near Sa-
tyam Sivam Sunderam 751009, P: 9437697740; BOKARO: Eastern Financiers Ltd, Gb-17, 1St Floor City Centre, Sector Iv Bokaro Steel City 827004, P: 9234630558; CALICUT: Ifci Financial Services Ltd, Faremont Building 1St Floor, Wayanadu Rd Eranhipalam Po 673006, P: 3211770; CHANDIGARH: Master Capital Services Ltd, S.C.O.22-23 2Nd Floor Sector 9 D 160009, P: 9814610637; Emkay Global Financial Services Ltd, Sco 421-22, 2Nd Floor,
Sector 35C North, P: 9833522839; Sharekhan Ltd, Sco : 185, 1St Floor, Sector 38-C, P: 0172- 4643000; CHENNAI: Spa Securities Limited, D.No-2, 5Th Floor Phase-Ii Kasi Arcade No-14 Sir Thayagaraya Road T.Nagar 600017, P: P.: 044-43993400; Eastern Financiers Ltd, 103 Cisons Complex 2 Montieth Road Egmore 600008, P: 044-28588647; Enam Securities Pvt Ltd, 11, Vijay Delux Apts, 7/4 First Main Road, Cit Colony , Mylapore 600004, P: 39184335;
Nirmal Bang Securities Private Limited, New No.51 C P Ramasamy Road C P Manor Building Alwarpet South, P: 42912650; Pace Stock Broking Services Pvt Ltd, 57 C Block, Flat A2, Alsacraft, Annanagar South, P: 8056712345; Bonanza Portfolio Limted, 65/2, Murugese Naicker Complex Greams Road 600006, P: 044-39180152; Bonanza Portfolio Limted, 52/113, 2Nd Floor Ankur Plaza G N Chetty Road T Nagar. 600017, P: 044-28152360; Centrum Wealth
Management Limited, Ganesh Enclave 39 Gopalapuram 1St Street 600086, P: 9884480228; Tata Securities Limited, M.T. RajenS Square, No.42, Bazulla Road T Nagar 600017, P: 9282410731; Prabhudas Lilladhar Pvt Ltd, Old No.61, New No.149 Kadampakam High Road T.Nagar 600017, P: 04442660486; Emkay Global Financial Services Ltd, Creative Enclave 148-150 Luz Church Road Mylapore South, P: 9833522839; Religare Securities Ltd, 4Th Floor,
City Tower, No. 117, Theagaraya Road, T. Nagar, 600017, P: 9176643314; Sharekhan Ltd, G-2, Salzburg Square, 107-Harrington Road, Chetpet, P: 044-28362800; COIMBATORE: Integrated Enterprises (India) Limited, Janaki Apts., Ground Floor 29/176, Ramalingam Road (West) R.S. Puram 641002, P: P.: 2471944; Sharekhan Ltd, Vignesvar Cresta, 2Nd Block 3Rd Floor, 1095-Avinashi Road, P N Palayam, P: 0422-2218252; DEHRADUN: Anand Rathi Shares
& Stock Brokers Limited, Anand Rathi, 29 Rajpur Road Anekant Palace , Dehradun North, P: 0135-2655438; Sterling Portfolio & Leasing, 202, Neelkanth Complex, 43, Rajpur Road, 248001, P: 9837003530; Sharekhan Ltd, 75/8, Rajpur Road, Near Raj Plaza, Opposite Sbi Life Insurance, P: 0135 - 2740 190; DHANBAD: Eastern Financiers Ltd, 211 2Nd Floor Textile Market Bank More 826001, P: 0326-2308402; DURGAPUR: Eastern Financiers Ltd, Bengal
Shrishti Complex Kalpataru Block B 2Nd Floor Room No 302 City Center 713216, P: 0343-2543725; ERODE: Sharekhan Ltd, Akhil Plaza, Block No.1, T.S.No.121, Perundurai Road, Opp To Padmam Restaurant, P: 0424 2241001; FARIDABAD: Vogue Associates Pvt Ltd, Durga Financial Services Pvt Ltd 1201 Sector 19 121002, P: 1292295654; Sharekhan Ltd, Scf 56, 1St Floor, Near Reebok Showroom, Sector - 15, Main Market, P: 0129 2220825; GORA-
KHPUR: Sharekhan Ltd, Shop No : - F1, F2 , F3 , Narayan Tower, Gandhi Gali , Golghar , Gorakhpur, P: 0551-2205063; GUNTUR: Sharekhan Ltd, D.No.5-87-89, 2Nd Lane, 2Nd Floor, Lakshipuram Main Road, P: 0863 - 6452334; GURGAON: Sharekhan Ltd, Gf 10 Jmd Regent Square, Dlf Phase Ii, Near Chakarpur Opp Sahara Mall, Main Mehrauli Gurgaon Road, P: 0124 - 4104555; GUWAHATI: Pace Stock Broking Services Pvt Ltd, Ground Floor, Green
Enclave, Near Gauriya Math, M.D.Shah Road Paltan Bazar East, P: , Bonanza Portfolio Limted, 1St Floor Garima Gold M.S. Road, Fancy Bazar 781001, P: 9864062370; Sharekhan Ltd, Bhagwati Commercials, 2Nd Floor, Sikaria Compound, Opp. Hotel Pragati Manor, Christianbasti, G S Road, P: 9957562519; GWALIOR: Prabhudas Lilladhar Pvt Ltd, C/O Sharecon. Jhawar Bldg Sarafa Rd, Lashkar 474001, P: 0751-5070075; Prabhudas Lilladhar Pvt Ltd, C/O.
Yogesh J Shah 114/ A - Behere Arcade 1St Floor Prabhat Road Erandwana 411004, P: 9520-25459245; Sharekhan Ltd, Portion No.3, 1St Floor, Parimal Complex, Opp.Kotchar Petrol Pump, Chetakpuri Square, Madavrao Scindhia Marg, P: 0751-4069570; HYDERABAD: 5-9-93/1, Sakhti Sai Complex, 207, 2nd Floor, Chapel Road, Hyderabad-500 001 Tel:- 040-66759862 Fax No: 040-23297150; Tradewell Securities Limited, 1057-G, Road No.45, Jubilee Hills
500033, P: 9246399444; Pcs Securities Limited, Pcs House, 3-1-336 Esamia Bazar, 500027, P: 9391724999; Jm Financial Services Private Limited, 9-10 Uma Chambers 3Rd Floor Banjara Hills 500034, P: 66360009; Reliance Securities Limited, Gf 1, Olbee Centre, 6-3-1090/A/24, Rajbhavan Road, Near Skoda Showroom, Somaji Guda-500082, P: 30681902; Standard Charterd Securites (India) Limited, Ug - 13 Mekins Maheshwari Mayank Plaza 6-3-866 / 1 /
A Greenlands Ameerpet 500016, P: 23417032; Standard Charterd Securites (India) Limited, 103/402 Mahavir House Basheer Bagh Square 500029, P: 23223222; Enam Securities Pvt Ltd, 0-3, 650/217 B&C, Maheshwari Chambers, 2Nd Floor, Somajiguda 500082, P: 39893626; Nirmal Bang Securities Private Limited, H No.7-1-22/8-C, 1St Floor, Near Green Lands Flyover, Begumpet South, P: 42407049; Anand Rathi Shares & Stock Brokers Limited, Anand
Rathi, 6-3-346/1, Scotia Bank Bldg.Road No. 1, Banjara Hills South, P: 040-66840541; Bonanza Portfolio Limted, H No6-3-569/1/4/3, Dhanturi House Somajiguda 500082, P: 040-40213338; INDORE: Systematix Shares And Stocks (India) Limited, 206/207, Ii Floor Banshi Trade Centre 565 / 581 M G Road 452001, P: P.: 0731-3018111; Arihant Capital Markets Limited, F-1, Ahinsa Tower, 7, M G Road, 452001, P: 9977250700; Jm Financial Services Private
Limited, Ug-7 & 8 Ground Floor D M Tower 21/1 Race Course Road 452004, P: 3072111; Reliance Securities Limited, U/G. 15/ 16 In Block C , Indraprastha Tower, Opp. Bansi Laza, 6, M G Road Near Indrabhavan Crossing-452001, P: 3984041; Standard Charterd Securites (India) Limited, Ug - 4 5 & 6 Royal Diamond Y.N. Road Opp. State Bank Of Indore (Ho) 452001, P: 4200521; Pace Stock Broking Services Pvt Ltd, 506 Vikram Tower Sapan Sangeeta Road
North, P: 8989200251; Bonanza Portfolio Limted, 422, Dm Tower, 21/1, Racecourse Road 452003, P: 0731-4277500; Indo Thai Securities Limited, 16 4Th Floor Dawa Bazar R T Marg 452001, P: 9425064062; Sharekhan Ltd, 102-104 Darshan Mall, 15/2 Race Course Road, P: 0731 - 4205520; JABALPUR: Sharekhan Ltd, 2Nd Floor, Mangalam Building, 103, Napier Town, Shastri Bridge Road, P: 0761-5007775; JAIPUR: Prabhudas Lilladhar Pvt Ltd, 1078,
Ganga Mata Ki Galli, Gopal Ji Ka Rasta 302003, P: 0141-4108965; Prabhudas Lilladhar Pvt Ltd, 307, 3Rd Floor Crystal Mall Bani Park 302023, P: 0141-3085000; Prabhudas Lilladhar Pvt Ltd, 407 Govindji Ka Rasta Chandpole Bazar 302001, P: 0141-2318650; Emkay Global Financial Services Ltd, 1, M.I.Road, 2Nd Floor No7 Opposite Amrapura Sthan North, P: 9833522839; Religare Securities Ltd, No.501& 605, 5Th & 6Th Floor Luhadia Tower, K-11, Ashok
Marg Near Ahinsa Circle, C Scheme 302001, P: 9982688444; Sharekhan Ltd, 7 Katewa Bhawan, Opp Ganpati Plaza, M. I. Road, P: 0141-5114137; Sharekhan Ltd, Flat No 401/402, 4Th Floor, Green House, Ashok Marg, C-Scheme, , P: 0141-4078000; Sharekhan Ltd, Khandaka Haveli, Haldiyon Ka Rasta, Johri Bazar, P: 9887450974; JALANDHAR: Pace Stock Broking Services Pvt Ltd, Ist Floor G.K. Towers Opp Hmv College G.T. Road North, P: 8054999026;
JAMMU: Sharekhan Ltd, 211 A-2, 2Nd Floor, South Block, Bahu Plaza, P: 9419193526; JAMNAGAR: Assel A|||arce 3ecur|l|es Pvl Lld, Vad|av Corp|ex 3Rd F|oor 0llce No. 31 0pp. 0. K. v. Co||ee 8ed| 8arder Road 30001, P: 288-2Z52ZZ1, Reliance Securities Limited, Shop No.9, Shilp Apartment Indira Gandhi Marg -361001, P: 3203508; Prabhudas Lilladhar Pvt Ltd, C/O. Mehta Ladhubhai Manekchand Rajendra Road Opp.Main Gpo 361001, P: 0288-
2677935; Sharekhan Ltd, 4/5, Avantika Commercial Complex, 2Nd Floor, Limda Lane Corner, P: 0288 2541861; JAMSHEDPUR: Tata Securities Limited, 2Nd Floor Aditya Towers Main Road Bistupur 831001, P: 9234601892; Tata Securities Limited, Qtr No K3/39 H.S. Road Telco Colony 831004, P: 9234601892; Sharekhan Ltd, B1/2 , 2Nd Floor Bhadani Trade Centre, Bistupur, P: 0657-2320903; Sharekhan Ltd, Ug, 2&3 Shreeji Arcade, 76B, Pennar Road,
Sakchi, P: 0657-6552009; JODHPUR: Pace Stock Broking Services Pvt Ltd, 209-210 Adeshwar Tower-3 Chopasani Road North, P: 9829025873; Indo Thai Securities Limited, Shri Siddhi 70 East Patel Nagar Ratanda 342001, P: 9352286953; Sharekhan Ltd, A-3 1St Floor, Olympic Tower, Station Road, P: 0291 - 2635600; KANPUR: Systematix Shares And Stocks (India) Limited, Sidharth Building 15/59-F, Civil Lines 208001, P: P.: 0512-3214230; 3pl 3ecur|-
ties Limited, 15/63 M Civil Lines 208001, P: 9335017410; Standard Charterd Securites (India) Limited, 15 / 59 O Civil Lines 208001, P: 3268394; Pace Stock Broking Services Pvt Ltd, 133/19, M Block Kidwai Nagar North, P: 9369686664; Bonanza Portfolio Limted, 405, 4Th Floor, Mega Mall The Mall 208001, P: 9305882888; Sharekhan Ltd, Ground Floor, 28, Bhargava Estate, 16/116, Civil Lines, P: 0512-3920200; KOCHI: Nirmal Bang Securities Private Limited,
Shop No.39/2122 B-First Floor Jomer Aracade, Chittoor Road, South Junction South, P: 4117971; Religare Securities Ltd, 35/65-D, 3Rd Floor, Thadikaran Centre, Palarivattm, Cochin 682025, P: 9349791773; Spa Securities Limited, Ground Floor Pravanavam Tower Sa Road Near Welcare Hospital Vyttila 682019, P: P.: 0484-3115720; Standard Charterd Securites (India) Limited, 1St Floor Sana Tower 39/2579C M.G. Road Ernakulam 682016, P: 2372669; Bo-
nanza Portfolio Limted, 1, 2, 3A, Ii Floor, Swapnil Enclave, High Court Jn Ernakulam 682031, P: 0484-3985100; Prabhudas Lilladhar Pvt Ltd, 2Nd Floor, Alfa Gardens B/H My Kingdom, Gopalaprabhu Road 682035, P: 0484-2353551; Emkay Global Financial Services Ltd, 28/3330, 1St Flr, Sajma Complex Sa Rd, Opp Federal Bank Kadavanthra South, P: 9833522839; Sharekhan Ltd, Chicago Plaza, 1St Floor, Rajaji Road, Ernakulam, P: 0484-2368411; KOLHAPUR:
Re||arce 3ecur|l|es L|r|led, 0llce No 301, 3Rd F|oor Valos|r| P|aza, E ward Near verus Correr 3|a|pur|-11001, P: 3202135, 3|are||ar Lld, 0llce No 5, 3Rd F|oor, Ayod|ya ToWer, C 3 Nuroer 511/K|, 1/2 E ward, 0|aoo||ar Correr, P: 0231 - 8Z03, KOLKATA: Om Towers, Unit no.1408, 14th Floor, 32, J.L.Nehru Road, Kolkata: 700 071 Tel:- 033-22882644 Fax No: 033-22882643; Enam Securities Pvt Ltd, S-205, Ideal Plaza, 11/1, Sarat Bose Road
700020, P: 3246310305858150; Nirmal Bang Securities Private Limited, Ac Market Complex 8Th Floor 1 Shakespeare Sarani, East, P: 30584292; Anand Rathi Shares & Stock Brokers Limited, Anand Rathi, 501&502 Central Plaza 2/6 Sarat Bose Road East, P: 40107002; Motilal Oswal Securities Limited, 3Rd Floor Constantia Bldg 11 Dr U N Brahmachari Street 700017, P: 9830665717; Bonanza Portfolio Limted, Bonanza Portfolio Ltd, 217, 2Nd Floor Central
Plaza Deshbandhu Complex, Napier Town 482004, P: 9893250777; Bonanza Portfolio Limted, 1 Gibson Lane, Room No. 105 Behind Orient Cinema Bentinck Street 700069, P: 9007070514; Centrum Wealth Management Limited, 1St Floor, Crescent Tower, 229 Ajc Bose Road 700017, P: 033-40036615; Tata Securities Limited, Ha-6, Sector-Iii Salt Lake 700091, P: 9231029298; Tata Securities Limited, 2/5/1, Hindustan Road 700029, P: 9477095435; Master
Capital Services Ltd, Master Capital Services Ltd 6Th Floor, Sabherwal House 55 B, Mirza Galib Street 700016, P: 9330930528; Prabhudas Lilladhar Pvt Ltd, Shop No.304, 306 & 308, 3Rd Floor, Lords. 7/1, Lords Sinha Road 700071, P: 033-40200204; Emkay Global Financial Services Ltd, 4 R N Mukherjee Road 1St Floor East, P: 9833522839; Religare Securities Ltd, 1, India Exchange Place Beside Kolkata Stock Exchange Ist Floor 700001, P: 9534397239;
Sharekhan Ltd, Kankaria Estate, 1St Floor, 6-Little Russell Street, P: 033 - 22830055; KOTA: Systematix Shares And Stocks (India) Limited, 1St Floor, 18 Sindhi Colony Rawath Bhata Bus Stand Road Gumanpura 324007, P: P.: 0744-2505255; LUDHIANA N|rra| 8ar 3ecur|l|es Pr|vale L|r|led, 0llce No.301 & 302, 3co No.15 3car P|aza Feroze 0ard|| Var Norl|, P: 1020000, Vogue Associates Pvt Ltd, M/S Prabhu Consultants 564-Lse Building Feroze
Gandhi Mkt 141001, P: 1614636834; Master Capital Services Ltd, Master Chambers, 19, Feroze Gandhi Mark Et 141001, P: 9646436577; Sharekhan Ltd, Sco 145 1St Floor Feroze Gandhi Market, Near Ludhiana Stock Exchange, P: 0161-5023456; LUCKNOW: Integrated Enterprises (India) Limited, 207 A 2Nd Floor Saran Chambers Ii 5 Park Road 226001, P: P.: 2235736; Idbi Capital Markeet Services Ltd, 1St Floor Halwasiya House 11 M. G. Marg Hazratganj
226001, P: 3250987; Reliance Securities Limited, 1St Floor, Metro Chambers Above Icici Bank, Adjacent To Shalimar Tower, Opp. Mandi Parishad , Vibhuti Khand , Gomti Nagar-226010, P: 39873703987366; Anand Rathi Shares & Stock Brokers Limited, Anand Rathi, 27/6/1, Taj Plaza , Madan Mohan Malviya Marg, , , Lucknow - 226 001, India North, P: 0522-2208544; Pace Stock Broking Services Pvt Ltd, B - 1\25 Sec G Janki Puram North, P: 9305673617;
Pace Stock Broking Services Pvt Ltd, B-2075, Indira Nagar North, P: 92356645260; Bonanza Portfolio Limted, Shop No.- 6Th & 7Th 1St Floorb.M. Plaza Naval Kishor Road Hazratganj 226001, P: 9919666615; Tata Securities Limited, Shalimar Logix, Gr Flr, 4, Rana Pratap Marg Behind Arif Castle 226001, P: 7499011999; Master Capital Services Ltd, 602, 6Th Floor, Ratan Square 20-A Vidhan Sabha Marg 226001, P: 9839994447; Emkay Global Financial
Services Ltd, 216, 2Nd Floor Kusum Deep Adj.Power House Chowk North, P: 9833522839; Religare Securities Ltd, Ground Floor, Riz Building, 5 Park Road, 226001, P: , Sharekhan Ltd, 2/159, Vivek Khand, Gomti Nagar, P: 0522-4101693; Sharekhan Ltd, 1St Floor Marie Gold, 4 Shahnajaf Road, Hazratganj, P: 0522 - 4010342; MADURAI: Emkay Global Financial Services Ltd, Shop No.E, Basement Floor A R Plaza 16-17 North Veli Street South, P: 9833522839;
Sharekhan Ltd, Saran Centre A-2, 1St Floore, 19, Gokhale Road, Chinnachokikulam, P: 0452 4288888; MANGALORE: Integrated Enterprises (India) Limited, F 1 1St Floor Ram Bhavan Complex Kodialbail 575003, P: 2440163; Prabhudas Lilladhar Pvt Ltd, C/O.Mulki Inv.& Fin.Consl.Pvt Ltd. Shop No.10, 1St Floor Divya Enclave Opp. Canara College M.G. Street 6Th Cross 575003, P: 0824-2496370; Sharekhan Ltd, T-1 3Rd Floor, Utility Royal Tower, K S Rao
Road, P: 0824 - 2441318; Sharekhan Ltd, Sharekhan, C-1, 1St Floor, Presidium Commercial Complex, Anand Shetty Circle, Attavar, P: 0824 - 6451503; MEERUT: Sharekhan Ltd, 105, Om Plaza, Begum Bridge Road, P: 0121-4028354; MUMBAI: 30-39 Free Press House, 3rd Floor, Free Press Journal Marg, 215 - Nariman Point, Mumbai: 400 021; SPA Securities Limited, 101 A 10Th Floor Mittal Court A Wing Nariman Point 400021, P: P.: 9821033882; Sys-
tematix Shares And Stocks (India) Limited, 3Rd Floor J K Somani Bldg British Hotel Lane Mumbai Samachar Marg Fort 400001, P: P.: 022-30298000; Systematix Shares And Stocks (India) Limited, 4Th Floor, Block C & D Ega Trade Centre 809 Poonamallee High Road Kilpau 600001, P: P.: 044-30582078; Techno Share & Stocks Ltd, Manu Mansion, 2Nd Floor, 16 Shahid Bhagat Singh Marg, Fort 400001, P: P.: 9820105092; Asset Alliance Securities Pvt Ltd,
Latin Manharlal Securities 903 9Th Floor P J Tower Bse Building Dalal Street Fort 400001, P: 022-66101182; Fortune Equity Brokers(I) Limited, K K Chambers, 2Nd Floor, Sir P.T.Marg, Fort, 400001, P: 9892305181; Eastern Financiers Ltd, Sai Sadan, Room No.9 3Rd Floor Janmbhoomi Marg Fort 400001, P: 022-22047599; Idbi Capital Markeet Services Ltd, 3Rd Flr, Mafatlal Centre, Nariman Point 400021, P: 9004388162; Satco Securities And Financial Ser-
vices Ltd, Makhija Chembers, 196, Turner Road Bandra West 400050, P: 9320043120; Money Honey Financial Services Private Limited, 1St Floor, Nahar Singh Industry Building Opp Movie Star Cinema Ram Mandir Goregaon-W400104, P: 9820452811; Ifci Financial Services Ltd, 2B(1), Film Centre Ground Floor, 61 Tardeo Road 400034, P: 43335111; Lkp Securities Ltd, Above Bank Of Maharashtra Building, 45/47 , Mumbai Samachar Marg , Opp. Bse, Fort
400001, P: 9821067167; Aum Capital Market Private Limited, 403-404 Maker Bhavan No. 3 4Th Floor 21 New Marine Lines 400020, P: 022-40336900; Sunidhi Securities & Finance Limited, 31, Tamarind Lane Near Bombay House Fort 400001, P: 2266155936; Arihant Capital Markets Limited, 3Rd Floor Krishna Bhawan 67 Nehru Road Vile Parle East 500070, P: , Arihant Capital Markets Limited, 502, 5Th Floor Soni Shopping Centre L T Road Borivali West
400092, P: , Jm Financial Services Private Limited, 1St Floor Patel House Next To Bank Of Baroda M G Road Vileparle (E) 400057, P: 26135202; Jm Financial Services Private Limited, Palm Court M- Wing 4Th Floor Goregaon Link Road Malad West 400064, P: 30877000; Jm Financial Services Private Limited, Ground Floor Anushka New Link Rd Andhwei West 400053, P: 66191600; Jm Financial Services Private Limited, 16 Lakhani Terrace Cawasji Patel
Street Fort 400001, P: 65527564; Jm Financial Services Private Limited, Shop No 6 Dattani Trade Center Chandra Varkar Road Borivali West 400092, P: 66959120; Jm Financial Services Private Limited, 424/425 Kalidas Plaza V B Lane Ghatkopar East 400075, P: 67104738; Jm Financial Services Private Limited, Apeejay House 3Rd Floor Dinshaw Vaccha Road Near K C College Churchgate 400020, P: 67104738; Re||arce 3ecur|l|es L|r|led, A w|r, 0llce
No-401/402 Victory Park, Chandrawarkar Road , Borivali(W)-400092, P: 32095882; Standard Charterd Securites (India) Limited, 101/102 Shriram Shyam Towers 1St Floor Kingsway Sadar 440001, P: 3243681; Standard Charterd Securites (India) Limited, Shop No. 1&2 Shroff Towers Sodawala Cross Lane Borivali (West) 400092, P: 66982772; Standard Charterd Securites (India) Limited, Work Station - 1016 Standard Chartered Tower 201-B/1 1St Floor
Western Express Highway Goregaon (East) 400063, P: 67559626; Standard Charterd Securites (India) Limited, Sai Plaza Ground Floor Jawahar Road Opp. Railway Station Ghatkopar (East) 400077, P: 25028540; Standard Charterd Securites (India) Limited, 6 Sanghrajka House 1St Floor 431 Dr. D.B. Marg Opera House 400004, P: 65177950; Standard Charterd Securites (India) Limited, Ground Floor Anand Commercial Centre Near Asha Parekh Hospital S.V.
Road Santacruz (West) 400054, P: 26004633; Hem Securities Ltd, 14/15 Khatau Building 1St Floor 44 Bank Street Fort 400023, P: 22671543; Dalal & Brocha Stok Broking Pvt Ltd, 21 Olympus Bldg 2Nd Floor 179/81 Perin Nariman Street Bazargate Fort 400001, P: 43325727; Enam Securities Pvt Ltd, Khatau Building, 2Nd Floor, 44 Bank Street, Off Shahid Bhagatsing Road, Fort 400023, P: 22677901; Enam Securities Pvt Ltd, 201-A, Laxmi Towers, Bandra
Kurla Complex, Bandra ( E ) 400051, P: 66803600; Enam Securities Pvt Ltd, Hari Chamber, Ground Floor 58/64, Shahid Bhagat Singh Road, Fort 400001, P: 22677901; Nirmal Bang Securities Private Limited, B - 201, Khandelwal House Poddar Road Near Poddar Park Malad (E ) West, P: 30274514; Nirmal Bang Securities Private Limited, 38- B Khatau Bldg Alkesh Dinesh Modi Marg Fort 400001, P: 9427500000; Anand Rathi Shares & Stock Brokers Limited,
4Th Floor Silver Metropolis Jai Coach Compund Opp Bimbisar Nagar Goregaon East 400063, P: 9820693039; Anand Rathi Shares & Stock Brokers Limited, Seagull House, 2Nd Floor, Plot No.6, Shivaji Colony, Andheri-Kurla Road, Chakala, Andheri (E) West, P: 022-39950304; Anand Rathi Shares & Stock Brokers Limited, Sheetal Anand Rathi, 4Th Floor, Indian Express Building, Queens Road South, P: , Khandwala Securities Ltd, Vikas Building Ground Floor
Green Street Fort 400023, P: 9820041579; Lalkar Securities Private Limited, 5Th Flr, Crescent Chambers, Tamarind Lane, Fort 400001, P: 9819344077; Kjmc Capital Market Services Limited, 168, Atlanta, 16Th Flr, Nariman Point 400021, P: 9321026970; Motilal Oswal Securities Limited, 9Th Floor Bajaj Bhavan Nariman Point 400021, P: 9820596262; Bonanza Portfolio Limted, Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregaon ( E ) 400063, P:
9820593730; Centrum Wealth Management Limited, Centrum House 4Th Level Cst Road Vidya Nagari Marg, Kalina Santacruz (E) 400098, P: 9821501179; Centrum Wealth Management Limited, Bombay Mutual Bldg., 2Nd Flr.D N Road 400001, P: 020-43551700; Tata Securities Limited, 4 Nirmal Milan Chs Nehru Road Vile Parle (E) 400057, P: 9223172594; Prabhudas Lilladhar Pvt Ltd, 48, M.G. Road Next To Awaz Company Ghatkopar (West) 400086, P:
022-25111351; Prabhudas Lilladhar Pvt Ltd, 3 Rd Floor, 570 Sadhana House P. B. Marg, Behind Mahindra Tower Worli 400018, P: 022-66322222; Prabhudas Lilladhar Pvt Ltd, 7/10, Runwal Commercial Complex L.B.S Marg, Mulund (West) 400080, P: 022-67654951; Emkay Global Financial Services Ltd, B - Ruby Mills Tower 7Th Floor, South East Wing Senapati Bapat Marg Dadar (W) 400028, P: 9833522839; Emkay Global Financial Services Ltd, C 06 Para-
gon Centre Pandurang Budhkar Marg Worli 400013, P: 9833522839; Religare Securities Ltd, 301/302, Viraj Tower, Gundavali, Estern Express Highway, Near Landmark Building, Andheri (East), 400093, P: 9654460744; Sushil Financial Services Private Limited, 12, Hornyi Street, Fort 400001, P: 9323810343; Indo Thai Securities Limited, G-2 Rigal House 92/94 J.S.S. Road Opera House 400004, P: 9820023882; lrdo T|a| 3ecur|l|es L|r|led, 0llce No.21 / 13l
Floor Air Conditioned Market Tardev Main Road 400034, P: 23515698; Asit C Mehta Investment Intermediates Limited, Nucleus House Saki Vihar Road Andheri East 400072, P: 9769240709; Sharekhan Ltd, 703, Prem Sagar Building , 1St Floor , 3 A Linking Road , Khar ( W ), P: 022- 6513 5333; Sharekhan Ltd, 202, Sai Plaza 2Nd Floor, Junction Of Jawahar Road R. B. Mehta Road, Opp. Ghatkopar Railway Station, Ghatkopar (East), P: 022- 2501 1833;
Sharekhan Ltd, Gogate Mansion, Ground Floor 89-Jagannath Shankar Seth Road, Girgaum, Opera House, P: 022 66105671; Sharekhan Ltd, B/204, Kotia Nirman, 2Nd Floor, Next To Fun Republic Cinema, New Link Road, Andheri (W), P: 022- 6675 0755; Sharekhan Ltd, 20;Rajabahadhur, Mansion, 1St 5G, 2Nd, Floor Hamam Street, Fort, P: 022 66105691; Sharekhan Ltd, Shop No.10, Om Sai Ratna Rajul Co-Op.Hsg. Society, Corner Of Patel Nagar, M G Road,
Kandivali(W), P: 022- 28090509; Sharekhan Ltd, Flat No. 4B, Ground Floor, Ashwin Villa, Telang Road, Matunga (E), P: 022 65139230; Sharekhan Ltd, Shop No.1, Hetal Building, Ground Floor, Opp.Punjab National Bank, Zaver Road, Mulund (West), P: 022 2565 6805; Sharekhan Ltd, 7-Alka Co-Op Hsg. Soc, Ground Floor, Dadabhai Road, Vile Parle (W), P: 022-26253010; Sharekhan Ltd, Shankar Ashish Bldg, 1St Floor, R.S.Marg, Chandavarkar Cross Road
Lane, Above Hdfc Home Loans, Near Icici Bank, Borivali (W), P: 022- 6513 1221; Sharekhan Ltd, 502, Rishikesh Apartment, Opp To N L High School, Above Sapna Hotel, S.V.Road, Malad (West), P: 020- 6513 3967; Sharekhan Ltd, 301 & 302, 3Rd Floor, Manibhuvan Co-Op Hsg Soc.Ltd., Plot No.343, Above Icici Bank, S.V.Road, Pahadi Village, Goregaon(W), P: 022-67418570; Sharekhan Ltd, Plot No - 1012, Godawn, Devi Dayal Compound, Next To Cramp-
ton & Greaves, Kanjur Village Road, Near Kanjurmarg Station, Kanjurmarg- ( E ), P: 022-61169179; MYSORE: Sharekhan Ltd, Shop No.3, Mythri Arcade, (Next To Saraswathi Theatre), Kantharaj Urs Road, Chamaraja Mohalla, Saraswati Puram, P: 0821 - 6451601; NAGPUR: Asset Alliance Securities Pvt Ltd, Shop No. G-2, Aditya Enclave Plot No.20, Central Bazaar Road Ramdas Peth 440010, P: 9321671014; Anand Rathi Shares & Stock Brokers Limited,
Ravindra Maloo Anand Rathi, Block No 1, Shraddha House, Kingsway 01, Nagpur 440 001 West, P: 0712-6635600; Pace Stock Broking Services Pvt Ltd, F-2/3, Premium Plaza, 242, Mata Mandir Road, Dharampeth West, P: 9890070694; Prabhudas Lilladhar Pvt Ltd, 1St Floor, Above Fullertone India, Opp. Gandhi Market Central Avenue Road Chapru Nagar 440008, P: 9326578441; Sharekhan Ltd, Plot No. 79, 1St Floor, Universal Annex, Dharampeth Extension,
Opposite New Wockhardt Hospital, Shivaji Nagar, P: 0712 - 6654100; Sharekhan Ltd, 409/412, Heera Plaza, Near Telephone Exchange Square, Central Avenue, P: 0712-2731922; NASHIK: Sharekhan Ltd, 5 Sk Open Mall, Yeolekar Mala, Near Byk Collage, Collage Road, P: 0253 6610975; Emkay Global Financial Services Ltd, S - 2, Suyojit Sankul Sharanpur Road West, P: 9833522839; NAVSARI: Sharekhan Ltd, 1-Nirmal Complex, 1St Floor, Station Road,
P: 02637 - 652300; NEWDELHI: 609,6th Floor, Antriksh Bhawan, 22 Kasturba Gandhi (K.G) Marg, Connaught Place, New Delhi: 110 001 Tel:- 011-23739628; Vserve Management Private Limited, 701, Rohit House 3, Tolstoy Marg Connaught Place 110001, P: P.: 9810186081; Systematix Shares And Stocks (India) Limited, 2Nd Flr Indra Karan Plaza 12-B N Ghai Lane 120/1Lal Bagh 226001, P: P.: 0542-, 2615615; Systematix Shares And Stocks (India) Limited,
517, Indraprakash Building, 5Th Floor, 21, Barakhamba Road Connaught Place 110001, P: P.: 011-30481213; Eastern Financiers Ltd, B 102 A Ground Floor Kalkaji 110019, P: 011-26451127; ldo| Cap|la| Var|eel 3erv|ces Lld, 0llce No. 21-21Z-218 2Nd F|oor vard|arar ToWer Preel v||ar 110092, P: 321Z2133, Ifci Financial Services Ltd, Ifci Towers 15Th Floor Nehru Place 110019, P: 26433207; Ifci Financial Services Ltd, 212, 213, 2Nd Floor, Naurang House
B Block, 21 K G Marg 110001, P: 43588620; Aum Capital Market Private Limited, Dlf Tower B, Suite- 808 8Th Floor Jasola District Centre, Jasola 110025, P: 9811015143; Bay Securities Private Limited, 4 Floor, Jeevan Vihar, Parliment Street 110001, P: 9873300726; Arihant Capital Markets Limited, 101 1St Floor Sagar Plaza Laxmi Nagar Dist Centre 110092, P: , Jm Financial Services Private Limited, 114 Himalya House 23 K G Marg 110001, P: 41305000;
Reliance Securities Limited, 1001, Faiz Road, Above Federal Bank, Near Jhandel Wala Metro Station, Karol Bagh 110005, P: 30926331; Standard Charterd Securites (India) Limited, E-2/27 Ground Floor Main Link Road Jhandewalan Near Jhandewalan Metro Stn Gate No 2 110055, P: 43293200; Standard Charterd Securites (India) Limited, 159 Aggarwal Citi Plaza Plot No. 17 Manngalam Place Sector 3 Rohini 110085, P: 47090181; Standard Charterd Securites
(India) Limited, 52-53 Malviya Smriti Bhawan Deen Dayal Upadhyay Marg 110002, P: 41514821; Shri Parasram Holdings Pvt Ltd, Sph House B-7 Nimri Shopping Centre Bharat Nagar 110052, P: 9899453453; Bharat Bhushan & Company, 304, 3Rd Floor, Rohit House, 3, Tolstoy Marg Connaught Place 110001, P: 9810106000; Dalal & Brocha Stok Broking Pvt Ltd, 18/17 Wea Dakha House Karol Bagh 110005, P: 28756444; Enam Securities Pvt Ltd, M - 39, Iind
Floor, Outeer Circle, Opp Super Bazar, Connaught Palace 110001, P: 49811200; Nirmal Bang Securities Private Limited, Flat No.120, New Delhi House, 27 Barakhamba Road, North, P: 43603961; Anand Rathi Shares & Stock Brokers Limited, Anand Rathi, 911/912, 9Th Flr, Ansal Bhavan, Kasturba Gandhi Marg, Cannought Place North, P: 011 43559000; Vogue Associates Pvt Ltd, Vista Wealth Consultants P Ltd C-3-313 Janakpuri 110058, P: 1145005000;
Vogue Associates Pvt Ltd, Hexagon Consultants 1/14 Double Storey Jangpura Near Dav School 110014, P: 24374121; Vogue Associates Pvt Ltd, Kjh Financial Services Pvt Ltd 106 Vardhman City Centre-I Near Shakti Nagar Subway 110052, P: 9971159090; Pace Stock Broking Services Pvt Ltd, A-1/291 Safdarjung Enclave 110029, P: 9818774181; D B International Stock Brokers Limited, 402, New Delhi House, 27 Barakhanba Road 110001, P: 9312212421;
Kjrc Cap|la| Var|el 3erv|ces L|r|led, 221 lars 8|aWar 2Nd F|oor Near llo 0llce 8a|adur 3|a| Zalar Var 110002, P: 233Z0091, Motilal Oswal Securities Limited, 8Th Floor Prakash Deep Building 7 Tolstoy Building 700017, P: 9810254874; Bonanza Portfolio Limted, 4353/4C, Madan Mohan Street, Ansari Road 110002, P: , Centrum Wealth Management Limited, Modex International 1003-1004 10Th Flr Surya Kiran Bldg. K G Marg C P 110001, P: 011-
47217040; Centrum Wealth Management Limited, 8-33 1St Floor Connaught Place Inner Circle 110001, P: 9582230104; Tata Securities Limited, C/O Tmf 4Th Flr Kanchenjunga Bldg Barakhamba Road 110001, P: 9250001110; Master Capital Services Ltd, 801, 8Th Floor Arunachal Building 19, Barakhamba Road 110001, P: 9312887435; Prabhudas Lilladhar Pvt Ltd, 3Rd Floor 54/D-1 Rama Road Kirti Nagar Ind Area 110015, P: 011-42900500; Emkay Global
Financial Services Ltd, 3 E / 10, 3Rd Floor, Nav Durga Hawanjhandewalan North, P: 9833522839; Religare Securities Ltd, G 36 Marina Arcade Inner Circle Connaught Place 11001, P: 9166201412; Religare Securities Ltd, Shop No. S-20, Green Park Extension 11001, P: 9501221155; Sharekhan Ltd, 39, First Floor, Samyak Tower, Near Metro Pillor No. 120, Pusa Road, P: 011-45117000; Sharekhan Ltd, 94 Darya Ganj, Ground Floor, P: 011-23243131; NOIDA:
Vogue Associates Pvt Ltd, Money Options Services P Ltd 321 Block Ii (First Floor) Ganga Shopping Complex Sector-29 201303, P: 1202450921; Religare Securities Ltd, Gys Global A3/4/5 Sector 125 201301, P: 9999512299; Sharekhan Ltd, P-12A, 3Rd Floor, Bhs Liberty, Sector-18, P: 0120 - 4646200; PANAJI: Standard Charterd Securites (India) Limited, 15 16 & 17 Haroons Arcade Magnum Center 1St Floor M. G. Road 403001, P: 2232173; Sharekhan Ltd,
F49/F50, 1St Floor, B Block, Alfran Plaza, M.G. Road, P: 0832- 2421460; PANIPAT: Arihant Capital Markets Limited, 1St Floor Shri Radhe Krishna Complex Near Uco Bank G T Troad 132103, P: PATNA: Bonanza Portfolio Limted, Panchsheel House 23, Telegraph Colony North To Income Tax Golamber 800001, P: 9835015328; Sharekhan Ltd, 406-407 B, Ashiana Plaza, Budh Marg, P: 0612-2213112; Eastern Financiers Ltd, 203 Ashian Hari Niwas New Dak
Bunglow 800001, P: 0612-6451521; PONDICHERRY: Integrated Enterprises (India) Limited, No 40 AAurobindo Street Between M.G.Road & Mission Street 605001, P: P.: 2222155; Centrum Wealth Management Limited, Hindocha Investment & Fin. Services 335, 1St Flr. Mission Street 605001, P: 9092078595; PUNE: Spa Securities Limited, 5, Shankar Smruti 2Nd Floor Next To Kaka Halwai Prabhat Rd Lane No-9/3, 39/25 Erandwana Off Karve Road 411004,
P: P.: 982246651; Systematix Shares And Stocks (India) Limited, 1271 Mansingh Manor Near-Hotel Purab Opp Central Bank Shambhaji Bridge Deccan Gymkhana 411004, P: P.: 020-30277600; Asset Alliance Securities Pvt Ltd, Arthbodh Shares & Investments P.Ltd , 1 St Floor, 8/15 Ambika Apartment , Behind Kurve Road Tel.Exchange, Arendvana 411004, P: 9850566310; Asset Alliance Securities Pvt Ltd, 10, Ashish Akshaya Society Sahu College Road Par-
vati 411009, P: 9422031919; Asset Alliance Securities Pvt Ltd, Growever Invt Pvt Ltd 219 Patil Plaza Mitra Mandal 411009, P: 9822093595; Money Honey Financial Services Private Limited, Flat No 11, Dhore Bhavan Building, Near Mahadev Mandir, Old Sanghvi, 400027, P: 9830004055; Aur Cap|la| Var|el Pr|vale L|r|led, Prasur Arcade, 0llce No: 5, 2Nd F|oor, 3urvey No: 1Z1Z, Near 0o|u| lole|, P|rp|r 111018, P: 020-30225191, Arihant Capital Markets
L|r|led, 0llce No 2 0ura 3|ar|ar 120/1 8 K P Ku||arr| Road 3||vaj| Naar 111005, P: , Jm Financial Services Private Limited, 205 Business Guild Opp. Krishna Dining Hall Law College Road Erandawane 411004, P: 39871601; Reliance Securities Limited, Unit No 3, Ground Floor, Commerspace Gigaspace Lohegaon Viman Nagar -411017, P: , Standard Charterd Securites (India) Limited, A/2 1St Floor Deccan Chambers C.T. Survey No. 33/40 Erandwane
Karve Road 411004, P: 25453436; Dalal & Brocha Stok Broking Pvt Ltd, 111 Akshay Complex Off Dhole Patil Road 411001, P: 66010930; Enam Securities Pvt Ltd, 101 & 102, Silver Prestige, 1St Floor, Opp Mica, Tilak Road, Seargate 411002, P: 30205492; Enam Securities Pvt Ltd, 1248 A , Asmani Plaza, Good Luck Chowk, Deccan Gymkhana, Shivaji Nagar, 411004, P: 25521606; Anand Rathi Shares & Stock Brokers Limited, Anand Rathi, 2Nd Floor, Indrayani
C.T.S. No.58/1, Plot No.92/1, Above Barishta Cafe.Law College Road, Nr.Krishna Dining Hall, Erandwane West, P: 020-25657401; Motilal Oswal Securities Limited, Lohia Jain Centre 1St Floor 893/6 Near Goodluck Chowk Opp Oakwood Hotel Nr Iipm Inst Bhandarkar Road Deccan Gymkhana 411004, P: 9167364912; Centrum Wealth Management Limited, 401 B & C, City Point, 17 Boat Club Road 411001, P: 020-30547233; Tata Securities Limited, Gr Floor, F
C Annex Building F C Road Bhamburda 411005, P: 9028000928; Er|ay 0|ooa| F|rarc|a| 3erv|ces Lld, 0llce No. 201.2Nd F|oor KolWa| Corp|ex ZZ/5 8|ardar|ar Rd wesl, P: 9833522839, Religare Securities Ltd, Amar Calibre, Ground Floor, C.T.S No. 911, Bmc Collage Road, Opp. Hotel Hill View, Deccan Gymkhana, 411004, P: , Sharekhan Ltd, 301, Millenium Plaza, 3Rd Floor, Opp Fergusson College Main Gate, Fergusson College Road, Shivaji Nagar,
P: 020 - 66021301; RAIPUR: Indo Thai Securities Limited, Flat No. 203 Kanchan Complex Chaudi Line Near Shani Mandir 492001, P: 4039474; Sharekhan Ltd, 2Nd Floor, Laxmi Bhawan, Opposite Sun & Sun Jewelers, Main Road Sadar Bazaar, P: 0771- 4217777; RAJKOT: Asset Alliance Securities Pvt Ltd, Krish Corner Amin Marg 360005, P: 9825677399; Ifci Financial Services Ltd, 2Nd Floor, Aradhana Complex Near Bank Of Baroda Opp Nutan Nagar
Community Hall Kotecha Chowk Kalawad Road 365005, P: 9824201302; Ans Private Limited, Arham Financial Center, Opp Star Chamber, Harihar Chowk Dr Rajendra Prasad Road 360001, P: 9825072372; Jm Financial Services Private Limited, 202 Solitaire 2Nd Floor Swami Vivekanand Marg Near Municipal Commissioner Bunglow Ramkrishna Nagar 360007, P: 3984101; Marwadi Shares And Finance Limited, Marwadi Financial Plaza Nana Mava Main Road
Off 150 Feet Ring Road 360005, P: 9727724629; Enam Securities Pvt Ltd, 308, 3Rd Fl;Oor, Towar Commercial Complex, Jawahar Complex, Near Galaxy Hotel 360001, P: 2226383; Pace Stock Broking Services Pvt Ltd, Sf-01, Shreemad Bhavan 3Rd Floor Kanta Stri Vikas Gruh Road Gujarat, P: 9429952599; Centrum Wealth Management Limited, A 301 Viraj Vatika Flats Behind Swami Narayan Mandir Kalawad Road 360005, P: 9825300447; Emkay Global
Financial Services Ltd, 304, Shivam Complex Serveshvar Chowk Dr. Yagnik Road Gujarat, P: 9833522839; Emkay Global Financial Services Ltd, 304, Shivam Complex Serveshvar Chowk Dr. Yagnik Road Gujarat, P: 9833522839; Sharekhan Ltd, 102/103, HemArcade, Opp Vivekanand Statue, Dr Yagnik Road, P: 0281-2482483; RANCHI: Eastern Financiers Ltd, Uppal Plaza, 1St Floor Main Road Near Overbridge 834001, P: 0651-2330484; Bonanza Portfolio
Limted, 301, Sri Ram Neotia Arcade, Lalpura Chowk, 3Rd Floor H.B.Road 834001, P: 9825303389; Indo Thai Securities Limited, 21 Adarsh Nagar Tati Silvai 835103, P: 9835726620; Sharekhan Ltd, Shree Gopal Complex, 4Th Floor, Room No I, Court Road, P: 0651-2208205; SALEM: Sharekhan Ltd, Sri Ganesh Tower, 561, 2Nd Floor, Saradha College Main Road, P: 0427 - 6454864; SHIMLA: Pace Stock Broking Services Pvt Ltd, Global Marketing Company
Sco 227 Block-23 Sda Complex North, P: SILIGURI: Eastern Financiers Ltd, Niladri Shikhar Building 2Nd Floor Hill Cart Road 734001, P: 0353-2520004; Standard Charterd Securites (India) Limited, Pratap Market 1St Floor Sevoke Road Near Payal Cinema 734401, P: 2544894; SURAT: Asset Alliance Securities Pvt Ltd, 103, B - International Trade Centre Majuragate 395002, P: 0261-2461721; Jm Financial Services Private Limited, 407 4Th Floor 21 Century
Business Centre Near Udhna Char Rasta Ring Road 395002, P: 3984000; Reliance Securities Limited, Madhav, 2Nd Floor, Anand Mahal Road , Adajan-395009, P: , Standard Charterd Securites (India) Limited, U-18 Upper Ground Floor Jolly Plaza Athwagate 395001, P: 2463101; Prabhudas Lilladhar Pvt Ltd, Ug-6 & 7, Ascon Plaza, B/H Bhulka Bhavan School Anand Mahal Road Adajan 395009, P: 0261-3043168; Emkay Global Financial Services Ltd, B/Block
229, 2Nd Floor, International Trade Centre Gujarat, P: 9833522839; Sharekhan Ltd, M-1 To 6, Jolly Plaza, Mezzanine Floor, Athwa Gate, P: 0261 - 6560310; Sharekhan Ltd, G-18/19 Rajhans Point, Varachha Main Road, Varachha Road, P: 0261 - 6453499; Sharekhan Ltd, H/7, Gr.Floor, India Textiles Market, Near Geetha Restaurant, Ring Road, P: 9227502668; THANE: Tata Securities Limited, I-Think Techno Campus Building A, 3Rd Floor, Off Pokharan Road
2, Thane (W) 400607, P: 9029032454; Sharekhan Ltd, 2Nd Floor, Gulmohar Tower, Mahatma Phule Road, Opp.A.K.Joshi High School. Naupada Thane West, P: 022- 2537 2158; TRIVANDRUM: Sharekhan Ltd, Laxmi Bldg., 1St Floor, T.C.No.26/430, Vanrose Road, P: 0471 - 6450657; THRISSUR: Sharekhan Ltd, Pooma Complex, 1St Floor, M G Road, P: 0487-2446971; TRICHY;, Integrated Enterprises (India) Limited, Chitra Complex No 11 Gr. Floor Near
Chatram Bus Stand 620002, P: P.: 2703670; UDAIPUR: Sharekhan Ltd, 405 Daulat Chambers, Sardarpura, P: 0294-2426945; Sharekhan Ltd, 17 C Kutumb Apartment, Opp. Icici Bank, Madhuban, P: 0294-6454647; VADODARA: Jm Financial Services Private Limited, G1 Ground Floor Shohan 49 Alkapuri Society Opp. Hdfc Babk Alkapuri 390007, P: 3984300; Standard Charterd Securites (India) Limited, F-101 Savoy Complex Old Padra Road 390020, P:
2357160; Prabhudas Lilladhar Pvt Ltd, F-1, Vaikunth Complex, 1St Floor 27 Anand Nagar Society Productivtiy Road, Alkapuri 390005, P: 0265-2320568; Emkay Global Financial Services Ltd, 201/202, Tilak Complex-Prakash Colony, Jetalpur Road Gujarat, P: 9833522839; Sharekhan Ltd, 6-8/12, Sakar Complex, 1St Floor, Opp Abs Tower, Haribhakti Extension, Old Padra Road, P: 0265 - 2322938; Dalal & Brocha Stok Broking Pvt Ltd, 64/65 Paradise Complex
Ground Floor Sayaji Gunj 390005, P: 2361610; Enam Securities Pvt Ltd, Gf -9, Silver Line Tower, Opp Bbc Towers, Sayajiganj 390005, P: 3026945; Enam Securities Pvt Ltd, 642, Fortune Towers, Sayajiganj 390005, P: 2225412; Centrum Wealth Management Limited, 122 Dwarkesh Complex R C Dutta Road 411001, P: 9879298550; Religare Securities Ltd, 3Rd Floor, Corner Square, B/S West Side Near Natu Bhai Circle, Race Course Circle, 390007, P:
9601258331; VARANASI: Bonanza Portfolio Limted, Anoop Market Girzaghar Crossing, Godowlia 221001, P: 9305460744; Sharekhan Ltd, 2Nd Floor, Banaras Tvs Bldg., D-58/12, A-7, Sigra, P: 0542 - 222 1073; VIJAYAWADA: Sharekhan Ltd, Centurian Plaza, D. No: 40-1-129, 2Nd Floor, Old Coolex Building, M.G. Road, P: 0866-6629993; VISAKHAPATNAM: Asset Alliance Securities Pvt Ltd, Door No: 47-10-1/6, 1St Floor , Bhuvaneswari Plaza Dwarkanagar
530016, P: 0891-6620301; Steel City Securities Limited, Door No: 49-52-5/4, Santhipuram (Sankaramattam)Road, Akkayyapalem 530016, P: 9704364717; Jm Financial Services Private Limited, Door No 9-1-224/4/3 1St Floor Nandan Nirman 500003, P: 3983800; Standard Charterd Securites (India) Limited, Vijayalakshami Nilayam 1St Floor 10-50-81 Rock Dale Layout Waltair Main Road 530002, P: 2739420; Emkay Global Financial Services Ltd, Flat No.203,
First Flr, D.No.47-15-10 Vrc Cmpx Railway Stn Rd Dwaraka Ngr South, P: 9833522839; Sharekhan Ltd, 28-2-46, Second Floor, Daspalla Complex, Suryabagh, P: 022- 6643297; Sharekhan Ltd, Sharekhan, 10-1-35/B, Third Floor, Parvathaneni House, Valtair Uplands, Cbm Compounds,P: 0891 - 6673000; UNJHA: Sharekhan Ltd, Opp Dena Bank, Station Road, P: 02767-645171;
AGRA : ICICI Sec., Mr. Sushant Bejroi, 13A, 1St Floor, Sadar Bazar, Sadar Bazar, Agra-282002,Tel 9219439387; RR Equity, 9, Sbi Colony, 1st Floor, Opp. Subhash Park, M.G.Road, agra, 9319087289; SMC Global, F- 4, Block No 35, Surya Kiran Building Sanjay Place Agra Ph - 7520787708; AHMEDABAD : Innovate Sec, 1
st
Floor, Devashish,39, Sardar Patel Nagar Road, Ellisbridge, Ahmedabad 380006,Tel26560510,26564125; ICICI Sec., Mr. Vrunda
Shastri, Shop No. 1,2,3,4,Suvas Complex, 1St Floor ,Shahibaug, Ahmedabad-380004,Tel 079-65411338; ICICI Sec., Mr. Akhilesh Tiwari, Sardar Centre, Grd Floor Shop no. 31 to 35, Vastrapur, Ahmedabad-380015, Tel 079-40035920; ICICI Sec., Mr. AALAP SHAH, Ground Floor Shop No 39,40,41,42 Sarjan 2, 100 Feet Road,Sarjan 2,New C.G Road, Chandkheda, Ahmedabad-382424, Tel 079-65445296; ICICI Sec., Mr.,First Floor,Shop No. 106/107 Krishnabaug
Char Rasta Kesharkunj Complex Maninagar, Kesharkunj, Maninagar, Ahmedabad-380008, Tel 079-65411235; ICICI Sec., Mr. RAVI SETHIA, Ground Floor, Shop No 4 & 5 Shilp Corner, Subhash Chowk,Memnagar, Ahmedabad-380052, Tel 079-40059883; ICICI Sec., Mr. Abhishek Sharma, First Floor Shop No 119 Akshar Commercial Complex ,Satellite Road, Ahmedabad-380015, ,Tel 079-40060134; ICICI Sec., Mr. Krunal Nanavati, Shop no 6, Sun complex, C.G.
Road, Ahmedabad-380009, Tel 079-64501668; JM Financial, Mr Bhavesh Shah/Mr.Girish Shah, G-10 Chinubhai Centre,Gr. Flr, Nehru Bridge Corner,Ashram Road, Ph:079-2657 6666 70; Karvy, Ahmedabad - C G Road,7 - 8, 2Nd Floor, 3Rd Eye Building, C.G.Road, Ahmedabad - 380006, Tel - 079-26407543,44,66627901; Nitin Parikh , 101, Akashganga, Gujarat College Road, Ellisbridge, Ahmedabad 380006, Tel 26404510; Pooja Investment, 22/G,
Hemkoot Building, Ashram Road, Ahmedabad 380009, Tel 26581394; Pravin Ratilal, Sakar-I, 5
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Flr, Navrangpura, Tel 55302700; RR Equity,401, Abhijit-1, Mithakhali, 6 Road, Navrangpura, Ahmedabad-390009 079- 40211888; Rupin Gandhi, 404, nandan complex, Mithakhali, Ahmedabad 380006, Tel 9327014778; SMC Global, 3rd Floor, Sun City House, Besides Pantaloon, MithaKhali Six Road, Ahmedabad - 380009. Ph no 9427181917; SMC Global,10-A,
Kalapurnam,C G Road ,Near Municipal Market, Ahmedabad 380003 ,Ph. 9825612323; Standard Chartered Sec,101, Popular House, Ashram Road, Ahmedabad - 380009 ,Tel.: 079-26582817; ALLAHABAD : ICICI Sec., Mr.Satyajit Nag, 27/17, 1St Floor, Algin Road, Civil Lines, Allahabad-211001; AMRITSAR : ICICI Sec., Mr. SAURAV GUPTA, 3, Lawrence Road, Amritsar-143002,,Tel 0183-5019992; AURANGABAD : ICICI Sec., Mr. Bhavesh Bhanushali, Gr.
Floor, Ghai Chambers, Jalna Road, Aurangabad-431001; ANAND : RR Equity, G-1, Silver Oaks, V.V.Road Anand-388001,Tel- 9377306968; BANGALORE : Enam Sec,10/3, Ground Floor,No.29, Empire Infantry Road, Pin- 560001, Ph:080- 40333222; ICICI Sec., Mr. Deep Kumar, 73/1-1, Krishna, Infantry Road, Bangalore-560001, Tel 080-65317814; ICICI Sec., Mr. Kuldeep Kalyankumar, First Flr, CNN & Yashosha Complex,No.87 , HBCS Layout, Shankarmath
Circle, Basweswar Nagar, Bangalore-560079, Tel 080-41288270; ICICI Sec., Mr. Anand Moitra, First Floor, No. 9/1, Cambridge Road Layout, First Cross, Camnridge Road, Bangalore-560008, Tel 080-64526810; ICICI Sec., Mr. Vipin Trivedi, First Floor, No.778/A, Chinnaswamy Chambers, Indira Nagar,Bangalore-560038, Tel 080-41261159; ICICI Sec., Mr. Shashikanth Rao, Sriranga Complex, No. 77, First Floor, 2Nd Stage West of Chord Road, Dr.Modi Road,
Bangalore-560086, Tel 080-64526798; ICICI Sec., Mr. Kirankumar NP, First Floor No.50 Little Plaza, Cunningham Road, Bangalore-560052, Tel 080-41231688; ICICI Sec., Mr. Prakash Srivastava, First Floor,135/5, 15Th Cross, 100 Ft Ring Road,3Rd Phase J P Nagar ,Bangalore-560078, Tel 080-41208808; ICICI Sec., Mr. MALLIKARJUN KUBSAD, First Floor, No 81/B 22Nd Cross Jaya Nagar, 3Rd Block, Bangalore-560041,Tel 080-41308445;ICICI Sec., No:399
,w||le 0o|d,1sl F|oor 21T| Cross, 8|aras|ar|ar| ll 3lae, 8ara|ore-500Z0, Te| 080-2Z1399, lClCl 3ec.,Vr.Ar|lao| Kurar, 3ecord F|oor, No:1C-102 lR8R Layoul Karara|a||| ll 8|oc|, Karara|a|||, 8ara|ore-50013,Te| 080-152802, lClCl 3ec,Vr. 3alyajeel 3|arra,F|rsl loor No. 209,NeW 8e| Road, 8ara|ore-50051, Te| 080-11Z5355, lClCl 3ec., Vr. 3uKE3l K3, #105, A.E.C.3. Layoul 2Nd 3lae 5T| Va|r Posl 0llceroad 3arjay Naar Va|r
Road,Bangalore-560094, Tel 080-64526801; ICICI Sec,No. 46, 100 Feet Road,First Floor, Koramangala,6th Block,,Bangalore - 560095; ICICI Sec.,Mr.Manish Kumar, 6/1, Ghandi Bazar First Floor,Basavanagudi Main Road, Gandhi Bazar., Bangalore-560004, Tel 080-41692569; ICICI Sec.,Mr.Narendra Kumar, No.2, 100Ft Ring Road, Katriguppa Circle,Bhanashankari Iii Stage, Bangalore-560085, Tel 41711313; ICICI Sec., Mr. Dhananjay Kumar, No
72/1-B,Kanakapura,Mani Road Jarganahalli , Bangalore-560078, Tel 080-41461441; ICICI Sec., Mr. Pratik Vora, No.20, 1St Main, Gandhinagar, Bangalore-560009, Tel ; ICICI Sec., Mr. Piyali Roychowdhury, No. 46, 100 Feet Road, First Floor, 6th Block,, Koramangala,, Bangalore-560095; ICICI Sec., Mr. Naveen Gowda, 147, First Floor, Anjaneya Complex, Hal Airport Road, Bangalore-560017; JM Financial, Mr Yeriswamy Reddy,97/4 Residency Rd, Ph:-080-
30912100/2299 821/5//Z, Karvy, N0.51/2, T|r Corp|ex, var|v||as Road, 8asavaraud|,8ara|ore - 50001, Te| - 2012, RR Equ|ly ,3-111,Var|pa| Cerlre,1Z,0ec|ersor Road,8ar|ore-12080-121ZZ1ZZ, 3VC 0|ooa|, Prer|ses # Z,8,9,10,0rourd loor,0o|d ToWer,#50(o|d # 98),Res|dercy Road,8ara|ore - 50025 P| ro 09Z39112251,3lardard C|arlered 3ec,0rourd F|oor, 3r| 8|avara T|||a|a, 1/2 V|||ers Road, 8ara|ore - 50052. ,Te|.: 080 -
22354391-4 ; Standard Chartered Sec,J.R. Complex, No.21/1, Hosur Main Road, Nanjappa Layout, Adugodi, Bangalore - 560030 ,Tel.: 080 - 22108140 / 41 / 42 ; BHOPAL : ICICI Sec., Mr. Vinit Karmalekar, 2, Malviya Nagar, Opp. Old Vidhan Sabha, , BHOPAL-462001;SMC Global, 313, IInd Floor Jyoti Complex M P Nagar, Zone-I Bhopal 462011 Ph-07828988899; Standard Chartered Sec,K.K. Plaza, Plot No. 1, Zone 2, Maharana Pratap Nagar, Bhopal - 462011.
Tel- 0755 - 4056521; BHUBANESHWAR: ICICI Sec., Ground Floor,Plot No-99 Janpath,Unit-3,Kharbelnagar, Janpath, Bhubaneshwar-751001;RR Equity, 3-4 Anand Plaza, Laxmi Sagar ,Square Cuttack Road, Bhubaneshwar-751009, Tel- 9861196880, 9861196880; SMC Global, House No.5, Janpath, Unit-3,Bhubaneswar, Ph -9338568767;Standard Chartered Sec,5, Janpath, Unit - 3, Kharavel Nagar, Bhubaneswar - 751001 ,Tel. (0674) 3209981 / 82 ; BIKANER
: ICICI Sec., Mr. Manoj Sethia, Gr. Floor, 44, Panchshati Circle, Sadulganj, Bikaner-334001; BHAVNAGAR : RR Equity, 251 Madhav Darshan,Waghawadi Road Bhavnagar -364001,Tel - 2522120, 9426235681; SMC Global, NO. 113, Ist Floor, Shoppers Plaza,Waghavadi Road , Bhavnagar - 364001 Ph - 9377621422; CUTTACK :lClCl 3ec,13l F|oor, P|ol No. 3Z & 38, 0o|arurda| Posl 0llce,Te|era 8azar,Cullac| - Z53009, CHANDIGARH : ICICI Sec., Mr. Rajiv
0oya|, 3C0-181/182, 1sl loor, 3eclor 9C,C|ard|ar|-1001Z,Te|-01Z2-51023,lClCl 3ec,Vr. 3co 2, 3EC 1ZC,C|ard|ar|-1001Z,RR Equ|ly,3C0-222-223,0r. F|oor,3eclor-31A, C|ard|ar|-01Z2-22189,3lardard C|arlered 3ec,3co-35-F.F,3ec-21-C,C|ard|ar|,P|r -10021,Te|: 01Z2 - 5025501/ 03 , CHENNAI : Enam Sec,11, Vijay Delux Apts., 7/4 First Main Road, Cit Colony, Mylapore, Pin- 600004, Ph:044- 39184335 / 4226; ICICI Sec,Mr.Shanmugam
S, Shop No. 10 & 11 Arihant Vaikunt, No 123, Brick Kiln Road,Purasawalkkam,Chennai-600007, Tel 044-43546139;ICICI Sec,Mr. SENTHILKUMAR AR, Ashok Sriranga, No.1 9Th Street, Nanganallur,Chennai-600061,Tel 044 23460211;ICICI Sec., Mr. Wilson A, Ground Floor, Plot No. 1072 Munusamy Salai,West K K Nagar,Chennai-600078, Tel 044-23460262;ICICI Sec,No. 228, Thambu Chetty Street,Parrys,Chennai - 600001;ICICI Sec,Mr. Suneesh Em, 405,
Tiruvalluvar Salai Mogappair,Paneer Nagar,Mogappair,Chennai-600037,Tel 044-24360227; ICICI Sec., Mr. , First Floor T-1, Yesesi Supermarket Building ,Annanagar, Chennai-600040, Tel - 044-23460214; ICICI Sec., Mr. , Flat No 4, 70/27 North Mada Street,Mylapore, Chennai-600004, Tel - 044-23460202; ICICI Sec,Mr.PRIYADHARSINI G, 475 Kilpauk Garden Road, Chennai-600010, Tel - 044 23460234;ICICI Sec, PVM Complex, Plot No 1& 2, VGP Vimala
Nagar, Velachery Main Road, Medavakkam, Chennai-600100, Tel - 044-22772691; ICICI Sec., Mr. Kowshik N, 1,3Rd Cross Street Kasturibai Nagar,Adyar,Chennai-600020, Tel - 044 23460211; ICICI Sec., Mr. SARAVANAN B, Ground Floor, No. 17 Arunachalam Road, Saligramam, Chennai-600093, Tel - 044-23460253;ICICI Sec,Mr.Panchapakesan S, Shop No. 2, Century Plaza,560-562,Annasalai, Teynampet,Chennai-600018;JM Financial, Mr. Kalai Selvan,
0ee 0ee Crysla| - 5l| F|oor,91-92. 0r.Rad|a|r|s|rar 3a|a|,Vy|apore, P|:011-1225 5, Karvy, C|erra| - 3Wal| Courl - Re|ora| 0llce,0-1, 3Wal| Courl, 22,T Naar,C|erra| - 0001Z, Te| - 28151031 / 28153115, RR Equ|ly, 3rd F|r.,Perc|s|or P|aza,NeW -39Z, Teyrarpel, arra 3a|a|, C|erra|- 00018, Te| - 011-120ZZ3Z0/Z1,3VC 0|ooa|, 2rd F|oor, 'A' Voo|aro||a Corp|ex,No.1, Lady 0es||ac|ar| Road, Vy|apore, C|erra| - 00001, 3lardard C|arlered
3ec,w-123, 1sl loor, 3rd Averue, Arra Naar, C|erra| - 00010,Te|. (011) 221500 / 1300 , 3lardard C|arlered 3ec,Jara|s 3arl||r|, 1/1, ll rd Va|r Road, 3eel|arra| Co|ory, A|Warpel, C|erra| - 00018,Te|: 21328911 / 21329Z59 ,COIMBATORE : lClCl 3ec,111, X-Cul Road,0ard||purar,Co|roalore-11012,Karvy, Re|ora| 0llce,Jaya Erc|ave 105Z/1508,Avaras|| Road,Co|roalore - 11018, Te| - 1291000, DEHRADUN : ICICI Sec., Mr. Rajan Rawat,
81A, Rajpur Road, ullar P|ace, 0e|radur, ullar P|ace, 0e|radur-218001, RR Equ|ly, 5, 1sl F|oor, Rajpur Road, 0e|radur - 218001 0135-3258181, 3VC 0|ooa|, Z,8,9&10 s||va pa|ace, secord loor, 0e|radur - 218001,P| - 9385Z2105,DHANBAD :RR Equity, 218,Sri Ram Plaza 2nd,Floor Bank More,Dhanbad Jharkhand-826000 9431721838, 9431159178; SMC Global, 1st Floor D D House Sonapatti p.o Jharia Jharkhand 828111,Ph - 9334001022;
DURGAPUR : RR Equity, Banerjee House- Dakshinayan Durgapur-713218,Tel - 0343-2556908, 9434009475; FARIDABAD : ICICI Sec,Ground Floor,SCO 52,HUDA Market, Sector-29,FARIDABAD - 121008; RR Equity, Shop No. 55, 1st Floor, Neelam Chowk,NIIT, Faridabad - 121001,Tel - 0129-02427361;SMC Global, 4
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Floor Crown Plaza, Main Mathura Road Sec 15 A, Faridabad 121002, Ph-9811890747; GURGAON : ICICI Sec., Mr.Shalabh Maheshwari,
SCO 4, Sector 14, Gurgaon-120001; ICICI Sec., Mr. Vikas Singh, A-4,5, DLF Shopping Mall Arjun Marg, DLF City-I, Gurgaon-122002, Tel - 0124-4381240; RR Equity, 101,Apna Bazaar Gurgaon-122001, Tel - 0124-5108108, 9212048108; GUWAHATI : ICICI Sec., Mr.Uttam Kumarshahu, 3rd & 4th Floor, D.R.Braj Mohan Building, G.S.Road, Guwahati-781005;GWALIOR :ler 3ec,13T loor, o|araWa sadar,rear as|o|a pa|ace, j|rs|ra|a ro.3, |as||ar, 0Wa||or
-474001; GORAKHPUR : RR Equity, Gupta Metal Stores, Harbans Gali, Hindi Bazar Gorakhpur-273005, Tel - 0551-2205986, 9936590296; HISSAR : SMC Global,Mago Sec,104, SCF Gram, 1st Floor, Green Square Market, Hissar, Ph - 09416023332 ; HUBLI : ICICI Sec,Mr. KVM Plaza,1st Floor, Club Road, Hubli-580029, Tel - 0836-4265221; HYDERABAD : Enam Sec,6-3-650/217B & C, Maheshwari Chambers, 2Nd Flr.,Somajiguda,Pin- 500082,Ph:040-
39893626/30658502;ICICI Sec,HABSIGUDA,Ground Floor,Survey No.19/A,Ward No1 D. No. 4-65/5,Street No,8 Habsiguda;ICICI Sec,Padmarao Nagar,A-G-1 & A-G-2,Conjeevaram House,Padmarao Nagar;ICICI Sec,Hi Tech City,Ground Floor, Plot No 29 Opp. Cyber Towers,Hi- Tech City,Madhapur;ICICI Sec,Marredpally,D No. 3-6-100/B,Ground Floor, West Marredpally; ICICI Sec,Penderghast Road,Groud Flr,D.No:1-8-138 To 143,Krishna Castle, Besi - Heritage
Flights ,Penderghast Road; ICICI Sec., Mr. Ravikumar Nangunoori, D. No. 19-64, 1St Floor, Prasanna Heights Brundavan Colony, A S Rao Nagar, Hyderabad-500062, Tel - 040-64530409; ICICI Sec., Mr. Sitaraman H, 1St Floor,Shop No.1,2&3 Sreeram Rama Towers, Chaitanyapuri, Dilsukhnagar, Hyderabad-500060, Tel - 040-64530404; ICICI Sec., Mr. Vasudebo Naram, D No. 2-2-1130/25A, Chintala Arcade Sivam Main Road, Prasanth Nagar New Nalllakunta,
Hyderabad-500044, Tel - 040-64530412; ICICI Sec., Mr. Sureshkumar ARLA, 1St Floor,3-6-517,Shop No-103 Sai Datta Arcade, Himayatnagar, Main Road, Hyderabad-500029, Tel - 040-64530452; ICICI Sec., Mr. Gblaxminarayana Raju, Ground Floor, 11-4-659 Bhavya Farooqi Splendid Towers Red Hills,Lakdikapool, Lakdi Ka Pool, Hyderabad-500004, Tel - 040-64530474; ICICI Sec., Mr. Raghavendraprasad Patnam, First Floor,B- 44 Journalist Colony Film Nagar
Road, Jubilee Hills,Hyderabad-500016, Tel - 040-64530463; ICICI Sec., Mr. Maheshwar Mn, First Floor, 6-3-111 Amrutha Mall Somajiguda, Hyderabad-500082, Tel - 040-64530440; ICICI Sec,Ground Floor, 101 & 102 Prashanthi Ram Towers, Yellareddy Guda.,Hyderabad - 500073; ICICI Sec., Mr. Bura Rajkumar, First Floor, D.No.1-10-209,Kamala Towers Ashoknagar, Hyderabad-500020, Tel - 4064530480; ICICI Sec., Mr. Srinivasarao Muddapati, 32/3RT, First
Floor Municipal No.7-1-261/92E Sanjeeva Reddy Nagar, S R Nagar, Hyderabad-500038, Tel 040-64530497; ICICI Sec., Mr. Harish Reddy, First Floor, Concourse Building,Green Lands Road, Ameerpet, Hyderabad-500016, Tel 040-64530418; ICICI Sec., Mr. Narendar Konduparthy, Plot No 3 & 4 Sreerama Towers, Miyapur, Hyderabad-500049,Tel 040-64530492; ICICI Sec., Mr. , 214 MIG KPHB Colony, Road No.1, Kukatapalli, Hyderabad-500072,Tel 040-64530432;
JV F|rarc|a|, Vr.0arpal|| Vurl|y/C|ardrase||ar,9-10 ura C|aroers,3rd F|oor, 8arjara l|||s, P|:010- 398Z5900/3 0009. JV F|rarc|a|, Vr.Va||es|/Vr.Prav|r C|ary,3rd F|oor, 305 Jade Arcade, V 0Road, 3ecurdraoad 500 003.Te| : 3982 5200, Karvy, Karvy Cerlre, 0rourd F|oor,Averue 1,3lreel No.1,8arjara l|||s, lyderaoad - 500031, Te| - 23388Z13, 510313, 3VC 0|ooa|, 20, 3rd loor 8|uvara ToWers, Aoove CVR Exc|us|ve, 3 0 Road,Te| - 931Z153ZZZ,
Standard Chartered Sec,103/402, Mahavir House, Basheer Bagh Square, Hyderabad - 500029.,Tel.: 040 - 23223222 / 23225720 ; Standard Chartered Sec,UG - 13, Mekins Maheshwari Mayank Plaza, 6-3-866 / 1 / A, Greenlands, Ameerpet, Hyderabad - 500016. ,Tel- 040 - 23417032 - 36 ; INDORE : ICICI Sec., Mr. Anuj Pandey, 1st Floor, Anjani Plaza, Ashok Nagar, Indore-452001;ICICI Sec., Mr. Anand Peshkar, Ug-6, Ug-7, Shekhar Residency, Scheme - 54,
Sector F,Shekhar Residency, Indore-452001; ICICI Sec., Mr. Abhishek Gupta, UG 5/6, Royal Road Gold,Ayn Road, Indore-452001, Tel 731-4205430; JM Financial, Mr. Manish Upadhyay, UG-7 & 8, Ground Floor, D M Tower, ,21/1, Race Course Road, Ph:0731- 3072111/4262111; RR Equity, 206 Gold Arcade, 1/3 New Palasia, Indore M.P- 452001 9826062666 ; SMC Global, 206,Gold Arcade 3/1 New Palasia,Indore,Tel - 9826062666; Standard Chartered Sec,UG
- 4,5 & 6, Royal Diamond, Y.N. Road, Indore - 452001,Tel-0731 - 4200521 / 22 ; JABALPUR : ICICI Sec., Mr. Sanjeev Singh, 655, Napier Town, Katanga Gorakhpur Crossing, , Napier Town, Jabalpur-462001; RR Equity, Shop No. 5, Unique Tower, Shashtri Bridge Chowk, Jabalpur- 482002 , Tel - 9827066823, 9827066823; JAIPUR : Hem Sec,203, IInd Floor, Jaipur Tower, M.I. Road, Jaipur; ICICI Sec., Mr. Durgesh Kanwar, G-34,Ganpati Paradise, Central Spine,
Vidhyadhar Nagar,Jaipur-302023, Tel 0141-5119281; ICICI Sec., Mr. Govind Choudhary, Gr.Floor, M I Road, Jaipur-302001, Tel 0141-4027611; ICICI Sec.,Mr.Alok Mukerjee, Shop No. G-8,G-9 Vaishali Tower II Vaishali Nagar, Nursery Circle, Vaishali Nagar, Jaipur-302021, Tel 0141-4027601; ICICI Sec., Mr. Taruna Ramwani, A-2, Lal Kothi Shopping Center Tonk Road, Jaipur-302015, Tel 0141-4027618; Mr. JM Financial, Navneet Sharma, G-7 & G-8,Brij Anukamba,Plot
No.K-13, Ashoka Marg,C-Scheme, Ph:0141-3984400; Karvy, S-16/A, Land Mark, Mahaveer Marg, C - Scheme,Jaipur - 302001, Tel - 2378703 / 04; RR Equity, 7,Katewa Bhawan, MI Road,Jaipur- 302001 0141-3235456; SMC Global, 401, fourth Floor Shyam Anukampa,Ashok Marg C scheme Jaipur Ph no 9929644402 ; Standard Chartered Sec,8, Katewa Bhawan, 1st Floor, M.I. Road, Jaipur - 302001. ,Tel.: 0141 - 4026575 TO 78 ; JAMNAGAR : ICICI Sec., Mr.
SATISH BHALARA, 3Rd Floor, Cross Road Complex, Bedi Bunder Road, Jamnagar-361008; JAMSHEDPUR : ICICI Sec., Mr. Deepak Ranjan, Gayatri Enclave 2nd Floor,Bistupur.,Jamshedpur-831001,Tel 0657 - 6576455; SMC Global, K2-L1 Tiwary Becher Complex,P.O. Bistupur ,Jamshedpur 831001 Ph no 9934399678 ; JODHPUR : ICICI Sec., Mr. PUJA RAY, Gul-Indi Bhawan, 1st Floor, Plot No. 9/A/B/I and III, Ratanada, Ratanada Road, Bhati Circle, Jodhpur-
342001;RR Equity, 77, Prem Vihar,Chopasni Road Jodhpur 342003, Tel - 9928388322; SMC Global, 201, Poonam Complex, III-C Road, Sardapura, Jodhpur- 342 003 Ph no 9314712688; JAMMU : SMC Global, 10 -A , North Block,Bahu Plaza,Jammu,180001 Ph no 9419191091; KANPUR : ICICI Sec., Mr. RANJAN SHUKLA, 111/432, 80 Ft Road, Ashok Nagar, Kanpur-208001 ;RR Equity, 26 L.G.F. Roland Tower 17/5 The Mall Kanpur-208001, Tel - 2079930,
9336219040; SMC Global, SPFL House 15/63 Civil Lines , Kanpur Ph no 9336836894; SMC Global, 15/240 - I, CIVIL LINES, KANPUR, 208001 Ph no 9936449444; Standard Chartered Sec,15 / 59, O Civil Lines, Kanpur - 208001. ,Tel.: 0512 - 3268394 / 95 ; KOLKATA : Enam Sec,S-205, Ideal Plaza, 11/1,Sarat Bose Road, Pin- 700020, Ph:033- 32426310/30588154; ICICI Sec., Mr. Arindam Saha, 30-G, Chowringee Mansion,J L Nehru Road Park
NATIONAL HIGHWAYS AUTHORITY OF INDIA 3
NATIONAL HIGHWAYS AUTHORITY OF INDIA - APPLICATION FORMS CAN ONLY BE SUBMITTED AT ANY OF THE FOLLOWING BRANCHES*
KOTAK SECURITIES LIMITED
Agra: Kotak Sec., 2/220, Glory Plaza, Suer Sadan Crossing, M.G Rd., P: 5538760; SMC Global. F- 4, Block No 35, Surya Kiran Building Near Metro Bar Sanjay Place Tel-7520787708; RR equity 9, Sbi Colony, 1st Flr, Opp. Subhash Park, M.G.Rd.,; SPA Cap, Shop No. 9, 10, 11, Block No-17 / 2/ 4, Friends Wasan Plaza, Sanjay Place, Ahmedabad: Kotak Sec., 207, 2nd Flr, Sakar-Ii, Ellisbridge Corner, Ashram Rd..; Kotak Sec., 201/A, Amruta Arcade,
Nr Maningr Char Rasta, Maningr; Kotak Sec., B/104, 1st Flr, Premium House, Opp Gandhigram Rly stn.; Kotak Sec., B-46, Kamdhenu Complex, Opp.Sahajanand College, Panjara Pole, Ambawadi.P:26308035; Kotak Sec., 201-AAmruta Arcade, Nr ManiNgr Char Rasta, station Rd., ManiNgr, JM Financial, G-10 Chinubhai Centre, Gr. Flr, Nehru Bridge Corner, Ashram Rd.,; Motilal Oswal., G 678910, Gr. Flr, City Pride Complex, Near Hotel Nalanda
Mithakhali Circle Navrangpura Trust Fin Con., 006, Gr Flr, Sakar-Iv, Opp. Town Hall, Ellis Bridge, Ashram Rd,; Standard Chartered Sec., 101, Popular House, Ashram Rd.,; SMC Global.3rdFlr, Sun City House, Besides Pantaloon, Opp Kotak Bank, Mithakhali Six Rd., Tel- 9427181917; SMC Global.10-A, Kalapurnam, C G Rd., Near Municipal Market, RR equity 401, Abhijit-1, Opp. Bhuj Mercantile Bank, Mithakhali, 6 Rd., Navrangpura,; : SPA Cap, 803, Shivalik
Building, Near Panchwati Cross Rd. Amdawadi, IDBI Cap., 314, 3rdFlr Crystal Arcade, Beside Bsnl Complex, Near Girish Cold Drink Cross Rd., C G Rd., Nitin Parikh & Co., 101, Akashganga, Nr. Dr. Munshis Nursing Home, Gujarat College Rd., Ellisbridge, Ratnakar Securities70, Vasantkunj Society, New Sharda Mandir Oad, Paldi. Pravin Ratilal Share., Sakar-I, 5th Flr, Opp. Gandhigram Railway station, Navrangpura. Jyotsana A Shah., G-22, Hemkoot Building.,
Nr. Gandhigram Railway station, Ashram Rd.,; Allahabad: Kotak Sec., M-4, Mezzanine Flr, Lda Center, 2, Sardar Patel Marg, Civil Line.P: 2561451; Amritsar: Kotak Sec., Unit No.Fuf-7, Central Mall, 32, Mall Rd.; Anand: Kotak Sec., 3rdFlr, Sanket, Near Grid.P: 2573311; RR equity, G-1, Silver Oaks, Opp. Swayambar Party Plot V.V.Rd., Bangalore: Kotak Sec., Umiya LandmarkIi Flr., No:10/7 -Lavelle Rd.P: 66203601; Kotak Sec., No 201,
Soundrya Sampige Complex, Sampige Rd., No 412, 8th Cross, Malleswaram. P: 9900133758; Enam Securities, 10/3, Gr. Flr, No.29, Empire Infantry, Infantry Rd., Pin- 560001, Ph:080- 40333222; JM Financial, 97/4 Residency Rd,; Trust Financial Consultancy ., No.910, 9th Flr, Prestige Meridian1, M.G.Rd., Tel-4262 2111/ 42622112/ 42622113; SMC Global. Premises # 7, 8, 9, 10, Gr. Flr, Gold Tower, #50(Old # 98), Residency Rd., Tel- 09739112254; RR
equity S-111, Manipal Centre, 47, Deckenson Rd.,; SPA Cap, 703-704 7th Flr Brigade Tower, 135 Brigade Rd.; IDBI Cap., No. 63, Right Wing, 1st Flr, K. H. Rd., (Double Rd.), Opp. Bmrtc Big Bazaar, Belgaum: Kotak Sec., Shri Laxmi Sankul Complex, T-01, 3rdFlr, Above Cosmos Bank, Maruti Galli, P: 4203033; Bharuch: Kotak Sec., 235-236, Harihar Complex, Zadeshwar Rd..P:570569; Joindre Cap., 1st Flr, Maruti Darshan, Opp. Hanuman Temple,
Kasak Rd.,BhavNgr: SMC Global., No. 113, Ist Flr, Shoppers Plaza, Waghavadi Rd., Rr Equity ., 251 Madhav Darshan, Waghawadi Rd.; IDBI Cap., 108 1st Flr, Shoppers Point, Parimal Chowk, Waghawadi Rd., Bhopal: Kotak Sec., Third Flr, Alankar Palace, 10-11, Mp Ngr, Zone 2.P: 5248133; SMC Global.313, Iind Flr Jyoti Complex M P Ngr, Zone-I Tel-07828988899; IDBI Cap., Harisons House, Upper Gr. Flr, 6 Malviya Ngr, Nirman Share ,235, Zone-1, M.P
Ngr. Bhubaneshwar: Kotak Sec., Plot No 24, 2nd Flr., Scr, Nr Bazaar Kolkata, Bapuji Ngr, Janpath.P: 2597871; SMC Global. House No.5, Janpath, Unit-3,; RR equity 3-4 Anand Plaza, Laxmi Sagar, Square Cuttack Rd., SPA Cap, Badal Niwas, 168 -169 A, 1st Flr (Abovehavela); IDBI Cap., Idbi House, Janpath, Unit Ix, |kaner: Kotak 8ec, 0fce No. 1|2 of 12, 0fce No. 13 & 14, 1st F|r, 8||ver 8quare, Ran| azaar, 6a||cut: Kotak 8ec., 1st F|r, Nob|e
Bldg, Indira Gandhi Rd., Tel:0495-2723715/ 2723716; Chandigarh: Kotak Sec., Sco-14-15, 2nd Flr, Madhya Marg, Sector-8C.P: 5065301; RR equity Sco-222-223, Gr. Flr, Sector-34A,; SPA Cap, 1st Flr, Sco-307 Sector-38-D; IDBI Cap., Sco 86, 1st Flr, Sector 44 C, Chennai: Kotak Sec., Grr Business Center, No.21, Vaidyaraman St, T Ngr.P:66462000; Enam Securities, 11, Vijay Delux Apts., 7/4 First Main Rd., Cit Colony, Mylapore, Pin- 600004, Ph:044-
39184335 / 4226; JM Financial, Gee Gee Crystal - 5th Flr, 91-92. Dr.Radhakrishnan Salai, Mylapore,; Trust Financial Consultancy ., K.K.Niwas Bldg., New No.29, Luz Church Rd., Mylapore, Tel-43535856; Standard Chartered Sec., Jamals Santhini, 1/1, Ii nd Main Rd., Seethammal Colony, Alwarpet,; SMC Global. 2nd Flr, A Mookambika Complex, No.4, Lady Desikachari Rd., Mylapore, ; RR equity 3rdFlr., Percision Plaza, New -397, Teynampet, Anna Salai,; SPA
Cap, D.No-2, 5th Flr Phase-Ii Kasi Arcade, No-14 Sir Thayagaraya Rd. T.Ngr; IDBI Cap., Flat No. D, 1st Flr, Deve Regency, No. 6/11, 1st Main Rd., Gandhi Ngr, AdyarCoimbatore: Kotak Sec., 1st Flr, Red Rose Chamber, 1437, Trichy Rd..P: 6699666; IDBI Cap., 2nd Flr, 16, Sathya Moorthy Rd., Opp. Ayyapaseva Sangam, RamNgr, Cuttack: Kotak Sec., 1st Flr, Umang Plaza, Bajrakabati Rd., Nr. Petrol Pump, Dheradun: Kotak Sec., 1st Flr, Swaraj
Complex, 72, Rajpur Rd., Opp Hotel Madhuban, P: 2745870; Joindre Cap., 9, Rajpur Rd., 1st Flr, Opp. Local Bus stand, SMC Global.7, 8, 9&10 Shiva Palace, Second Flr, Rajpur Rd.; RR equity 56, 1st Flr, Rajpur Rd., Opp. Madhuban, Tel-0135-3258181 Dhanbad: Kotak Sec., 1st Flr, Commerce House - 2, Above Ashoka Bajaj Showroom, Shastri Ngr, P:2308482; SMC Global.1st Flr D D House Sonapatti P.O Jharia; RR equity 218, Sri Ram Plaza 2nd,
Flr Bank More,; Durgapur: RR equity, Banerjee House- Dakshinayan Faridabad: SMC Global, 4th Flr Crown Plaza, Main Mathura Rd. Sec 15 A, Tel- 9811890747; RR equity, Shop No. 55, 1st Flr, Near Flyover, Neelam Chowk, Niit, Faridabad - 121001, Haryana 0129-02427361 Gorakhpur: Rr Equity., Gupta Metal stores, Harbans Gali, Hindi BazarGuwahati: Kotak Sec., Akshay Tower, 4th Flr, Opp. Rupayan Arcade, Fancy Bazar, S.S. Rd.. P: 2732243; SPA
Cap, Vayur 0arders, 0r. F|r 0pp. ldlc 8ar|.3 Rd., l08l Cap., C/0 ldo| Lld., ldo| louse, 1l| F|r, Norl| Easlerr Zora| 0llce, 0. 3. Rd., Paras Va| Ja|r 3|are sloc| & F|rarce 8ro|er., Roor No.5, 3rdF|r., 3aral 8u||d|r Arrexe, Al Rd. Guntur: Kotak Sec., Diamond Plaza, 2nd Flr, 6th Lane, Arundelpet Main Rd., Gurgaon: Kotak Sec.; O - 107 Arjun Shopping Mall; Arjun Ngr; Dlf Phase1; RR equity 101, Apna Bazaar Tel- 0124-5108108, 9212048108 Hissar: SMC
Global; Mago Securities 104, Scf Gram, 1st Flr Green Square Market Hissar Ph No 09416023332 Hubli: Kotak Sec., V A Kalburgi Complex, Gr. Flr, Besides Vivekanand Corner, Desai Cross, DeshpandeNgr.P: 2357512; Hyderabad: Kotak Sec., 9-1-777, 4th Flr, Beside Itc Bldg, S D Rd, (Lane Opp to Dbr Diagnosis), P:65326394; Enam Securities, 6-3-650/217B & C, Maheshwari Chambers, 2nd Flr., Somajiguda,; JM Financial, 9-10 Uma Chambers,
3rdF|r, 8arjara l|||s,, Jr F|rarc|a|, 3rdF|r, 305 Jade Arcade, 0pp Parad|se lole|, V 0 Rd., Vol||a| 0sWa|., 201, Luro|r| Arrul|a C|aroers, Near Nrjura C|rc|e, Rd. No.3, 8arjara l|||s, Trusl F|rarc|a| Corsu|larcy ., 511, Ad|lya Trade Cerlre, Areerpel|, 3lardard C|arlered 3ec., 103/102, Va|av|r louse, 8as|eer 8a| 3quare, , 3VC 0|ooa|.20, 3rdF|r 8|uvara ToWers, Aoove Crr Exc|us|ve, 3 0 Rd. Te|-931Z153ZZZ, l08l Cap., C/0 ldo| Lld., 3rdF|r, ldo|
House, D. No. 5-9-89 / 1 & 2, Chapel Rd., P. B. No. 370, Indore: Kotak Sec., 314, Citi Centre, 570, M.G. Rd..P:2537336; JV F|rarc|a|, u-Z & 8, 0r. F|r, 0 V ToWer, 21/1, Race Course Rd., P|:0Z31- 30Z2111/122111, 3lardard C|arlered 3ec., u - 1, 5 & , Roya| 0|arord, Y.N. Rd., 0pp. slale 8ar| ol lrdore (lo), Te|.: 0Z31 - 1200521 / 22 , 3VC 0|ooa|. 20, 0o|d Arcade 3/1 NeW Pa|as|a 0pp CureWe|| losp|la|, Te|- 98202, l08l Cap., P|ol No. 11A /
A, 1st Scheme No. 54, Opp. Satya Sai School, Vijay Ngr, A. B. Rd., Jabalpur: Kotak Sec., Jain Tower, 3rdFlr, Ruseel Chowk, P: 4085850; RR equity Shop No. 5, Unique Tower, Shashtri Bridge Chowk, Opp. Icici Bank. Tel- 9827066823, 9827066823; Jaipur: Kotak Sec., 305-308, 3rdFlr, Green House, O-15, Ashok Marg, C-Scheme; Prabhat Financial., 205, Navjeevan Complex, 29, station Rd..; JM Financial, G-7 & G-8, Brij Anukamba, Plot No.K-13, Ashoka
Var, C-3c|ere, P|:0111-3981100, 3lardard C|arlered 3ec., 8, KaleWa 8|aWar, 1sl F|r, 0pp. 0arpal| P|aza, V.l. Rd., Te|.: 0111 - 1025Z5 lo Z8 , 3VC 0|ooa| .401, Fourth Flr ShyamAnukampa Opp Hdfcbank Ashok Marg C Scheme Tel- 9929644402 RR equity 7, Katewa Bhawan, Opp. Ganapati Plaza, Mi Rd., Tel- 0141-3235456; SPA Cap, 26 Gopal Bari Oppsite . Vidhayak Puri Police station Khasakothi; IDBI Cap., 314 3rdFlr, Ganpati Plaza, M. I. Rd., Jalandhar:
Kotak Sec., 2nd Flr, 465, Lajpat Ngr Market; Jammu: SMC Global 10 -A, North Block, Bahu Plaza, Jammu, 180001 Ph No 9419191091JamNgr: Kotak Sec., 701, 5th Flr, City Point, station Rd., Near Town Hall.P: 5540355; Jamshedpur: Kotak Sec., Bharat Business Centre, Ho No.2, 2nd Flr, Rm No. 8, Ram Mandir Area Bistupur, P:3090856; Joindre Cap., 6/Ii, Kamani Centre, 2nd Flr, Bistupur, SMC Global. K2-L1 Tiwary Becher Complex, P.O. Bistupur,
Tel- 9934399678; SPA Cap, 302 Shreejei Arcade 76 Pennar Raod, Jodhpur: Kotak Sec., 1st Flr, Gulab Bhawan, Chopasani Rd., P: 5101956; SMC Global.201, Poonam Complex, Iii-C Rd., Sardapura, Tel-9314712688; RR equity 77, Prem Vihar, Opp-Chopasni School, Chopasni Rd. Tel- 9928388322 Joindre Cap., Sancheti Bhawan, Mahaveer Market, Tripoliya Rd., Mehta Equities., E-37/38, Behind Nasarani Hotel, Kalptaru Shopping Centre, . Kanpur: Kotak
Sec., 312-315, 3rdFlr, 14/113, Kan Chambers, Civil Lines, Near Up stock Exchange.P: 3018114; 3lardard C|arlered 3ec., 15 / 59, '0 C|v|| L|res, Te|.: 0512 - 328391 / 95 , 3VC 0|ooa|. 3pl louse 15/3 C|v|| L|res Near 0 A v 0eree Co||ee Te|- 93383891, 3VC 0|ooa|.15/210 - l, C|v|| L|res, Te|- 993119111, RR equ|ly 2 L.0.F. Ro|ard ToWer 1Z/5 T|e Va|| Te|- 20Z9930, 933219010, 3PA Cap, 0llce No .22A-228, 2rd F|r, C|ly Cerler, T|e
Mall, Kochi: Kotak Sec., 40/1400, 11th Flr, Ensign Enclave, Jos Junction, M.G. Rd..P: 2377386;Standard Chartered Sec., 1st Flr, Sana Tower, 39/2579C, M.G. Rd., Ernakulam, Tel.: 0484 - 2372669 / 70 / 73; SPA Cap, Gr. Flr, Pravanavam Tower Sa Rd. Near Welcare Hospital, Vyttila; IDBI Cap., 2nd Flr, Pavana House, K. P. Vallon, K. P. Vallon Rd., Kadavanthra Kolhapur: Joindre Cap., A/12, 1st Flr, Prabjakar Plaza, station Rd., Kolkatta: Kotak Sec., 7th
Flr, Apeejay House, Block C, 15, Park St, P:22273999; Kotak Sec., Govind Bhavan, Gr. Flr, 2, Biplabi Trilokya Maharaj Sarani(Brabourne Rd.), P: 2235 8105; Enam Securities, S-205, Ideal Plaza, 11/1, Sarat Bose Rd., Pin- 700020, Ph:033- 32426310/30588154; JM Financial, Kankaria Estate, 8th Flr, 6th Little Russell St, Ph: 033-3987 0330; Motilal Oswal., 3rdFlr, Constantia Building, Dr. U. N. Bramachari St, Trust Financial Consultancy .;Room No. 64,
Chitrakoot, 230/A, Acharya Jagdish Chandra Bose Rd., Tel- 40626077 / 40626070; Standard Chartered Sec., Mangalam Bldg., 24 & 26, Gr Flr, Hemanta Basu Sarani, Dalhousie, Tel: 22137028; SMC Global.18, Rabindra Sarani Podder Court Gate No 4, 5th Flr Tel- 09933664479; RR equity 704, Krishna Bldg., 224, Ajc Bose Rd.tel- 033-22802963/22806878; SPA Cap, Daimound Chamber, Room No.8-0 8th Flr, 4 Chowringhee Lane; IDBI Cap., Suit No 2 B, 228
A, Landmark Bldg - Seconf Flr, Mintopark, Ajc Bose Rd. Tarun Sethia., 9, India Exchange Place, 3rdFlr, Room No.5, Kolkatta-700 001.Tel:22204481;Kota: Kotak Sec., D-8 First Flr, Shri Ram Complex, Opposite Multipurpose School, Gumanpura; SMC Global.4-A-6 Talwandi Tel- 09829116982 Lucknow: Kotak Sec., 1-2 Gr. Flr, Commerce House, Habibullah Estate, 11 M.G. Marg.P:3950119; Kotak Sec., A-1; Ashish Palace, Sector E, Aliganj, P:
3232285; SMC Global. Radha Krishna Bhawan, Plot No. 3/A, 5 Park Rd., Tel- 9839826932 RR equity G-32, Shriram Tower, 13- A, Ashok Marg, Tel- 0522- 4057612; SPA Cap, 101-B, Saran Chamber-2, 5- Park Rd., IDBI Cap., 1st Flr, Halwasiya House, 11 M. G. Marg, Hazratganj Ludhiana: Kotak Sec., Sco-122, 2nd Flr, Firoz Gandhi Market, P: 5047214; SPA Cap, Sco No. 126 -128, Lgf Fir, Below Idbi Bank, Kalinga Tower, Feroze Gandhi Mkt; Madurai: Kotak
8ec., 8hop A F|rst F|r, Krv Arcade, Ar P|aza 1 & 17, North Ve||| 8t.P: 2341225; Hanga|ore: Kotak 8ec., No.4, 3rdF|r, The Trade 6entre, Jyot| 6entre, unts hoste| Rd., Near Jyot| 6|rc|e, P: 424180; Kotak 8ec., No.4, 3rdF|r, The Trade 6entre, Jyot| 6entre, unts hoste| Rd., Near Jyot| 6|rc|e.P: 424180; RR equity F 2 1st Flr Adithi Arcade Karangalpay Tel- 9845288557, IDBI Cap., 1st Flr, Bridge Square, Balmatta Rd.; Meerut: Kotak Sec.; Shop
No. G 33; Gr. Flr; Ganga Plaza; Begum Bridge Rd.; SMC Global., C/O Ksb Capital Services Ltd Shop No-1, First Flr, Hari Laxmi Rd., P K Rd., Crossing Meerut Ph No 9837024084, SMC Global., Kaveri Complex, P.L. Sharma Rd. Meerut Ph No 9837101412 Humba|: Kotak 8ec., 32, Cr F|r., Raja ahadur 6omp., 0pp ank of Haharashtra, Fort, P:2255074; Kotak 8ec., th F|r, Kotak Towers, u||d|ng No. 21, |nn|ty Park, 0ff western Express
h|ghway, Coregaon Hu|und L|nk, Rd., Ha|ad (E}, P: 05 825; Kotak 8ec., N|r|on house, 3rdF|r, 0r An|e esant Rd., Near Passport 0fce, wor||, P:529191; Amit Jasani Financial, 301 Hind Rajasthan Chambers, 3rdFlr., 6, Oak Lane, Opp. Gukul Hotel, Fort. Arcadia Share., 328, Ninad Bldg., No.7, Nr. Bhavishya Nidhiu Bhavan, Service Rd., Bandra (E). Enam Securities, Khatau Building, 2nd Flr, 44 Bank St, Off Shahid Bhagatsing Rd., Fort, Pin- 400023,
Ph:022- 22677901; Enam Securities, 201-A, Laxmi Towers, Bandra Kurla Compex, Bandra (E), Pin- 400051, Ph:022- 66803600; Enam Securities, Hari Chamber, Gr. Flr, 58/64, Shahid Bhagat Singh Rd., Fort, Pin- 400001, Ph:022- 22677901; JM Financial, 1st Flr, Patel House, Next to Bank of Baroda, M G Rd., Vileparle (East), Ph:022-2613 5202-03/67077440-43. JM Financial, Palm Court, M- Wing, 4th Flr, Goregaon Link Rd., Malad (West), Ph:022-30877000/67617000.
JM Financial, Gr. Flr, Anushka, New Link Rd, Andheri (West), Ph:022- 66191600/612. JM Financial, 2, 3, 4 Kamanwala Chambers, P M Rd., Fort, Ph:022-3021 3500/2266 5577 - 80, . JM Financial, Shop No 6, Dattani Trade Center, Chandra Varkar Rd., Borivali (West), Ph:022- 3021 5400/6695 9120 - 23. JM Financial, 424/425 Kalidas Plaza, V B Lane, Ghatkopar (East), Ph:022-3097 8700/6710 4738; Motilal Oswal., Queens Mension, 2nd Flr, 44 A.K. Naik Marg,
Behind Khadi Gramodyog Fort. Trust Financial Consultancy ., 1101, Naman Centre, Bandra Kurla Complex, Bandra (East),; Standard Chartered Sec., Work station - 1016, standard Chartered Tower, 201-B/1, 1st Flr, Western Express Highway, Goregaon (East), Tel.:; Edelweiss Broking: 104, 1st Flr, P J Towers, Bse Bldg, Fort, ; Nirmal Bang Sec., 201/301, 2nd Flr, B Wing, Khandelwal House, Poddhar Rd., Near Poddhar Park, Malad (East),; SMC Global. 258,
Perin Nariman St First Flr Fort Tel- 09821111219; Geojit Bnp Paribas , 22 - B, Rajabahadur Mansion, Ambalal Doshi Marg, Fort, Tel; 66368911/ 9322302143; RR equity 18 First Flr, 105 Bombay Samachar Marg., Fort, RR equity 133A, Mittal Tower, A Wing, 13th Flr, Nariman Point, SPA Cap, Plot No-629 Nayay Sagar Coperative Housing Society Sant Dayaneshwar Marg Kala Ngr Bandra East (Near Guru Nanak Hospital); IDBI Cap. Mafatlal Centre, 3rdFlr, Nariman
Po|rl, l08l Cap., 3|op No. 8 1, E w|r, Crysla| P|aza, 0pp. lrlr|ly Va||, 0ll NeW L|r| Rd., Adars| Nr, Ard|er| (w), l08l Cap., 3|op No. 8, T|ac|er ToWer Prer|ses, Co-0p 3oc|ely Lld., P|ol No. 8, 3eclor 1Z, vas||, l08l Cap., 3|op No.3, v||as Pa|r, v|||ae Pac|pa||ad|, T|are Jo|rdre Cap|la| ., 32, Raja 8a|adur Vars|or, 0r. F|r, 0pp. 8ar| ol Va|aras|lra, Vuroa| 3arac|ar Var, Forl, Ve|la Equ|l|es., 12, Arur C|aroer Tardeo, Rd,Mysore: Kotak Sec.,
No: 646 - Kiran Mansion - 2 nd Flr, Above Reliance Fresh, Chamaraja Double Rd., P: 4000861; Nagpur: Kotak Sec., Plot No. 5, 3rdFlr, Lotus Gorepeth Layout Whc Rd., Dharampeth, P: 6620278; IDBI Cap., Unit No. 104, Ashish Annexe, Plot J-13 A, Whc Rd., Laxmi Ngr, Joindre Cap., G-16&17, Sai Regency Ravi Ngr Sq, Amravati Rd., ; Prabhat Financial., Shree Nidhi, 201, Yog, Temple Bazar, Sitabuldi. Mehta Equities., S-14, Subh Commercial Comples,
210, W H C Rd., Dharampeth. Nashik: Kotak Sec., G-5, Suyojit Avdhoot Tower, Old Gangapur Naka, Gangapur Rd, P: 6609804; Joindre Cap., S-9/10, Suyojit Sankul, Near Rajiv Gandhi Bhavan, Sharanpur Rd., New Delhi: Kotak Sec., 202-217, 2nd Flr, Ambadeep Building, 14, Kasturba Gandhi Marg.P:66313131; Ss Corporate , Ndm-2, Block D, 3rdFlr, Netaji Subhash Place, Pitampura,; Abhipra Capital, Abhipra Complex, A-387, Dilkhush Industrial
Area, G.T. Karnal Rd., Azadpur,; Chugh Securities, 22, New Market, Malviya Ngr, ,; Enam Securities, M-39, Iind Flr, Outer Circle, Opp.Super Bazar, Connaught Place,; Elite stock Management., S-8, Dda Shopping Complex, Mayur Vihar, Ph-1., JM Financial, 114 Himalya House, 23, K G Marg,; Motilal Oswal., 801-806, 8th Flr, Prakash Deep Building, 7 Tolstoy Marg, Connaught Place, Trust Financial Consultancy ., 1001- Surya Kiran Building, 19-Kasturba Gandhi
Marg,; Standard Chartered Sec., 52-53, Malviya Smriti Bhawan, Deen Dayal Upadhyay Marg,; SMC Global.17, Netaji Subhash Marg, Opp. Golcha Cinema Daryaganj, Tel- 9818620470, SMC Global. 6B, First Flr Himalaya House 23, K G Marg Connaught Place; RR equity 47, M.M. Rd., Rani Jhansi Marg, Jhandewalan,; RR equity 105, Anchal Plaza, Nelson Mandela Rd. Vasant Kunj,; RR equity 105, Pratap Bhawan, Bahadur Shah Zafar Marg, RR equity 118,
0aardeep 8u||d|r, Rajerdra P|ace, ,RR equ|ly, 10, Par|aj C|aroers, Preel v||ar Corrur|ly Cerlre, RR equ|ly 3|op No. 21, Fd Var|el, Near Vad|uoar C|oW|, P|larpura, RR equ|ly N-21 - 25, Corrau|l P|ace, RR equ|ly 111, Jyol|s||||ar, 8 0|sll. Cerlre, Jara|pur|,, 3PA Cap, 25, C 8|oc| Corrur|ly Cerlre, Jara| Pur|,, l08l Cap., 0llce No. 21-21Z-218, 3ecord F|r, vard|rar ToWer, Preel v||ar, l08l Cap., C-1/103-101, Lajpal Nr -1,, l08l Cap., 111,
1st Flr, Aggarwal City Plaza, Plot No. 17, Manglam Palace, Sector 3, Rohini Chugh Securities, F-23, Kolhapur Rd., Kamla Ngr. Chugh Securities, Unit No.201, 205, 207, 2nd Flr., Vardhman Crystal, Cd Block, Pitampura, Chugh Securities, B 219, 2, Naraina Ind., Area Phase-1. Chugh Securities, Shop No 22, 2nd Flr, New Mkt, Malviya Ngr; OJ Financial., 231, I.J.S Place, 320, Delhi Gate Bazar, Asaf Ali Rd.. Noida: Kotak Sec, 2nd Flr, Above Kotak Mahindra
Bank, G-31-32, Atta Market, Sector-18, P: 4606911; SMC Global.10-0cear P|aza .P-5 3ec-18,, RR equ|ly P-5, 3eclor - 18, Te|- 0120-133992 Re||are 3ec., 0ys 0|ooa|, A-3/ A-1/ A-5-3eclor- 125, Near l.C.L. 0llce,Panaji: Kotak Sec., 2nd Flr, Gurusai Plaza, Isidoria Baptista Rd., Margao, P: 6624833; Standard Chartered Sec., 15, 16 & 17, Haroons Arcade, Magnum Center, 1st Flr, M. G. Rd., Tel.: 0832 - 2232173 / 2420238 Patiala: Kotak Sec.; 134-Chotti
aradar|; Patna: Kotak 8ec., 0fce No.7, Tw|n Tower hathwa, 8outh Candh| Ha|dan, P: 222420; SMC Global.Frontline Financial. 209, 2nd Flr, Pandey Mall Above Vishal Mega Mart Fraser Rd., Tel- 9798981521, RR equ|ly 122-23, 1l| F|r, As||yara larr|Was Corp|ex, NeW 0a| 8ur|oW Rd., 3PA Cap, 301 A, 3rdF|r, 8|uWres|War P|aza Near Vaad| sloc| Exc|are, l08l Cap., Palra 8rarc| 0llce, 205, 2rd F|r, 0rard P|aza, Fraser Rd., Pune: Kotak
Sec., 2 nd Flr, Kumar Business Center, Bund Garden Rd., Opp. Bund Graden, P: 66066129; Enam Securities, 1248A, Asmani Plaza, Goodluck Chowk, Deccan Gymkhana, Shivaji Ngr, ; Enam Securities, 101 & 102, Silver Prestige, 1st Flr, Opp. Mccia, Tilak Rd., Swargate, JM Financial, 205 Business Guild, Opp. Krishna Dining Hall, Law College Rd., Erandawane,; Trust Financial Consultancy ., 204, sterling Center, Opp.Hotel Arora Tower, M.G.Rd. Camp,;
3VC 0|ooa|. 1sl F|r, 0ea||r C|aroer, J V Rd.,, 3PA Cap, 5, 3|ar|ar 3rrul|, 2rd F|r Nexl lo Ka|a la|Wa|, Prao|al rdLare No-9/3, 39/25 ErardWara, 0ll Karve Rd., l08l Cap., 0llce No. 32 / 33, 2rd F|r, 8u||d|r 8, w|r C, 3|r|ral| P|aza, Voderr Co||ee, Jo|rdre Cap., 205 3adas||v Pel| 0aravalrar Rd. Near 3.P. Co||ee, Raipur: Kotak Sec., Menzanine Fllor, Chawla Complex, Near Vanijya Bhawan, Devendra Ngr Rd., P: 251555; Joindre Cap., 206,
Rishabh Complex, 2nd Flr, M G Rd., Rajkot: Kotak Sec., Nath Complex, 2nd Flr, Opp. Jilla Panchayat, Above Kotak Mahindra Bank, Yagnik Rd..P:2459436; Enam Securities, 308, 3rdFlr, Towar Commercial Complex, Jawahar Complex, Near Galaxy Hotel, ; JM Financial, 202 Solitaire, 2nd Flr, Swami Vivekananda Marg, Near Municipal Commissioner Bunglow, Ramkrishna Ngr,; SMC Global.302/B 3rdFlr, Shivalik - 5 | Makkam Chowk | Gondal Rd.. ; IDBI
Cap., 1st Flr, Ankur Bldg., Dr. Radhakrishan Rd., Near Moti Tanki, ; Jobanputra Fiscal., 508, Aalap A, Subhash Rd.; Jobanputra Fiscal, Adinath Towers, F Gr. Flr, Opp. Akashwani; Ranch|: Kotak 8ec., 8hop No. 24 & 25, 2nd F|r, A.6. Harket, C.E.L. 6hurch 6omp|ex, Ha|n Rd., P:220080. 8a|em: Kotak 8ec., 5|241, F Rathna Arcade F|ve Rd., Heyyanur, P: 233547; 8|||gur|: Kotak 8ec., Nanak 6omp|ex, 2nd F|r, 8evok Rd., Standard Chartered Sec.,
Pratap Market, 1st Flr, Sevoke Rd., Near Payal Cinema, Tel (0353) 2544894 / 95 / 2460749; Surat: Kotak Sec., Kotak House, K G Point, 1st Flr, Nr.Ganga Palace, Opp.Idbi Bank, Ghoddod Rd..P: 2254553; Jm Financial, 407, 4th Flr, 21 Century Business Centre, Near Udhna Char Rasta, Ring Rd., Ph:0261-3984000; Standard Chartered Sec., U-18, Upper Gr. Flr, Jolly Plaza, Athwagate, Tel.: 0261 - 2463101 / 02; RR equity 9-Ravi Raj Society, Behind Gayatri
Mandir, New City Light Rd. Tel- 0261-2265818, 9925233692; IDBI Cap., Unit No. 302, 3rdFlr, Meridian Tower, Nond 2105/2106, Khatodara, Udhana Darwaja, Ring Rd., Trichur: Kotak Sec., No:22 Suharsha Towers, Shornur Rd., Trichy: Kotak Sec., C-56, 1-24-4th Cross, Thillai Ngr, Trivandrum: Kotak Sec., Mahesh Estates, 2nd Flr, T L -15/1805, Vazhuthacadu, P: 2337423; IDBI Cap., Nh Rd., Killipalam, Trivandrum. Udaipur: Kotak Sec., 222/12, Ist
Flr, Mumal Towers, Saheli Marg, P: 513901; Vadodara: Kotak Sec., 216, Meghdhanush Complex, Race Course Rd. (South), P: 2314455; Enam Securities, Gf 9, Silverline Towers, Opp Bbc Towers, Sayajiganj,; Enam Securities, 642 Fortune Towers, Sayajiganj,; JM Financial, G1Gr. Flr, Shohan, 49 Alkapuri Society, Opp. Hdfc Babk, Alkapuri,; Joindre Cap., 509, Blue Chip Towers, Sayaji Gunj, Baroda, Standard Chartered Sec., F-101, Savoy Complex, Old
Padra Rd.,; RR equity 222 Siddharth Complex, Rc Dutta Rd..,; IDBI Cap., G/24 Concorde Bldg., R P Dutta Rd., Near Idbi Bank, B/H Idbi Bank, Alkapuri, Ratnakar Securities, 145, Paradise Complex, Sayaji Gunj. Varanasi: Kotak Sec., 1st Flr, Arihant Complex, D-64\127-C\H, Sigra, P: 2227305; RR equity Shop No. 38, Gr. Flr Kuber Complex, Rath Yatra 9415201997; SPA Cap, D-64/132 Ka, Anant Complex, Sigra, IDBI Cap., D-58/12, A-7, Iiird , Flr, Gandhi Ngr,
Sigra, Vijayawada: Kotak Sec., 40-1-48/1, Labbipet, M.G.Rd., P: 6649061; Visakhapatnam: Kotak Sec., Door No.47-10-15, Vrc Complex, 2nd Flr, Railway station Rd, Dwarka Ngr, P: 6642009; JM Financial, Door No 9-1-224/4/3, 1st Flr, Nandan Nirman, Cbm Comp., Near Rama Talkies Junction, IDBI Cap., 10 / 1 / 44 3rdFlr, T. L. N. Complex, Opp. Idbi Bank, Siripuram.
ICICI SECURITIES LIMITED (CONTD.)
AGRAMAIN: Frends Wasan Plaza, Sanjay Place, Dist. Agra, Uttar Pradesh, Pin - 282 003. ALLAHABAD MAIN: Hotel Samrat Building, 49/25, M.G. Marg, Civil Dist. Allahabad, Uttar Pradesh, Pin - 211001, AMRITSAR MAIN: Poddar 3adar, Near Posl 0llce, C|oW| FuWara, 0|sl. Arr|lsar, Purjao - 113 001. BHILWARA: 15/251, Rajendra Marg, Dist. Bhilwara, Rajasthan, Pin - 311 001. BURDWAN: G.T. Road, Post Burdwan, Dist. Burdwan, West Bengal, Pin - 713
101. BHOPAL MAIN: P.B. No. 71, Post Jumerati, District Bhopal, Madhya Pradesh, Pin - 462 001, CHANDIGARH MAIN: SCO 64/65, Bank Square, Sector 17-B, Dist. Chandigarh, U.T.Chandigarh, Pin - 160 017. FARIDABAD MAIN: 58, Neelam Bata Road, Faridabad, Dist. Faridabad, Haryana, Pin - 121001, Haryana. GURGAON MAIN: 548/1, Dayanand Colony, New Railway Road, Gurgaon - 122 001, Haryana; JODHPUR MAIN: Takiya Chand Shah Market,
Outside Sojati Gate, Dist. Jodhpur, Rajasthan, Pin - 342 001. KOLHAPUR MAIN: 1411 C, Maya Chambers, Laxmipuri, Post Box No. 12, Dist. Kolhapur, Pin - 416 002; MEERUT MAIN: Begum Bridge Road, Opp. Govt.Inter College, P.B. No. 93, Meerut City, Uttar Pradesh, Pin - 250 001; MUZAFFARNAGAR: 167/1, Civil Lines, P.B. No. 40, Dist. Muzaffarnagar, Uttar Pradesh, Pin - 251 001. MUMBAI SAMACHAR MARG - MUMBAI: 66/80, Mumbai Samachar
Marg, Post Bag No.253 & 518, Fort, Mumbai - 400 023. DWARKA - NEW DELHI: Bansal Plaza, 1st Floor, Plot No. 13, Sector 6, Central Market Dwarka, New Delhi; NOIDA COMPLEX (HAROLA) MAIN: Sector 29, Brahmputra complex, Noida, Dist.Gautam Budh Nagar, Uttar Pradesh, Pin - 201 303, NASIK CITY: Maratha Mandir, Post Box No. 18, Mahatma Gandhi Road, Nasik City, Pin - 422 001, Maharashtra. PATIALA MAIN: 1, Yadvinder Colony, 2412/5,
Opp. Malwa Theatre, The Mall Road, Dist. Patiala, Punjab, Pin - 147 001, UDAIPUR MAIN: Opp. Town Hall, Panch Sheel Marg, Dist. Udaipur, Rajasthan, Pin - 313 001. SHILLONG: 2nd Floor, L D B Building, G S Road, Police Bazar, Shillong, Meghalaya, East Khasi Hills, Pin - 793 001.
UNION BANK OF INDIA
Ahmedabad - JMC House, Opp. Parimal Gardens,Opp Parimal Garden, Ambawadi, Ahmedabad 380 006; Amritsar - 361, M.C International The Mall, Amritsar - 143001, Punjab Bangalore - ICICI Bank Towers, 1, Commissariat Road, Ground Floor, 560025; Belgaum - Shree Krishna Towers, #14, Khanapur Road, RPD Cross, Tilakwadi, Belgaum - 590006; Bharuch - Blue Chip Complex, Sevashram Road, Panchbatti, Bharuch -
392001; Bhavnagar - Ground Floor, Plot No. 2569,Ratnadeep, Opp. Central Salt Research Institute,Waghawadi Road, Bhavnagar - 364002; Chandigarh - ,SCO 9-10-11, SECTOR 9-D. 160017; Chennai - 110, Prakash Presidium, Uthamar Gandhi Salai, (Nungambakkam High Road), 600034; Cochin - Emgee Square, M.G.Road, Ernakulam, Kochi - 682035 ; Coimbatore - Cheran Plaza, 1090, Trichy Road, Coimbatore - 641018;
Dehradun - NCR, Plaza,24, New Cantt Road, Hathibarkala, Dehradun, Uttaranchal - 248001; Faridabad - , Booth No. 104-105, District Centre, Sector 16, Faridabad- 121007, Haryana; Ghaziabad - R- 1/88, Raj Nagar, Ghaziabad, Uttar Pradesh. - 201001;Guntur- 5-82-2, PMG Complex, Lakshmipuram Main Road, 522002; Gurgaon - SCO 18 & 19, HUDA Shopping Centre, Sector-14, Market Complex, Gurgaon - 122001; Guwahati
- Ground Floor, Shanti Complex, G S Road, Bhangagarh, Guwahati - 781005;Hyderabad - 6-2-1012, TGV Mansions, Opp. Institution of Engineers, Khairatabad, 500004, door no 74 & 75 Vinayak nagar Gachbowli main road Gachibowli, 500032; Indore - 4, Chhoti Khajrani, Malav Parisar, A-B road, Indore, MP Pin 452 008; Jaipur - C-99, Shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, 302001; Jodhpur - 637-B,
Gr. Floor, Bhansali Complex, Residency Road, Jodhpur - 342003; Kanpur- J.S Towers, 208001; Kolhapur - Ground Floor, Vasant Plaza, Rajaram Road, Rajarampuri, 416001; Kolkata - 22, R N Mukherjee Road, 700001; Lucknow - Shalimar Tower, 31/54 M.G. Marg, Hazratganj, Lucknow -226001; Mumbai -30,Mumbai Samachar Marg, Fort- 400001; Mysore - 2950, Aishwarya Arcade, 9th Cross, Kalidasa Road, V.V. Mohalla,
Mysore. - 570002; Nasik - U-1, Crown Commercial Complex, Opp. Rajiv Gandhi Bhavan (NMC), Utility Centre, Sharanpur Road, 422002; New Delhi - 9A, Phelps Building, Inner Circle,Connaught Place, 110001; Noida - K-1, Senior Mall, Sector 18, 201301, Panjim - 65, Sindur Business Centre, Swami Vivekanand Road, 403001, Pondicherry - 47, Mission Street, Pondicherry - 605001; Pune - A-Wing, Shangrila Gardens, Bund
Garden Road, 411001. Rajkot - Jai Hind Press annexe, Opp. Shardabaug, Babubhai Shah Marg, 360001; Surat - Anjan Shalaka, Lal Bungalow, Athwa Lines, 395007;Vadodara- Landmark Building, Race Course Circle, Alkapuri, 390007.
ICICI BANK LIMITED
SYNDICATE BANK
Aurangabad (Maharashtra) Friends Colony; Bangalore (Karnataka),Gandhi Nagar; Calicut (Kerala), Cherooty Road; Chennai (Tamil Nadu), Armenian Street; Erode (Tamil Nadu), Mettur Road. Hyderabad (Andhra Pradesh), Nizamshahi Road (N.S. Road). Kochi/Ernakulum (Kerala), Parry Junction, Thoppumpady; Mumbai (Maharashtra) Homji Street; Mangalore (Karnataka) Hampankatta; Salem (Tamil Nadu), Longley Road Shevapet. Thiruvananthapuram
(Kerala), Statue Junction; Trichur (Kerala), Palace Road, Thrissur; Trichy (Tamil Nadu), West Bouleward Road. Vijayawada (Andhra Pradesh), Main Road. Visakhapatnam (Andhra Pradesh), Daba Grdns.
AXIS BANK LIMITED
Agra : Shop No. 1, 3 To 16, Block No 51, Anupam Plaza Ii, Sanjay Place, Agra 282 002, Uttar Pradesh. Ahmedabad : Trishul,OppositeSamartheshwar Temple, Law Garden,,Ellis Bridge, Ahmedabad 380 006. AmbalaCity: Haryana Ground & Mezzanine Floor, Khanna Motors Building, ManavVihar, Hissar Road, Ambala. Asansol: Purbasha Banquet Hall, Apurba Complex, ApcarGarden, Sen Raleigh Road, Asansol 713 304, West Bengal,Bangalore: Bangalore Main
Branch; No. 9, M. G. Road,BlockA,Bangalore 560001,Bhavnagar: Plot No.4/B, Vasundhara Complex, Opp. Dakshinamurthy School, Waghawadi Road, Bhavnagar 364 002, Gujarat. Bhopal: Bhopal,Star Arcade, Plot No.165 A & 166,Zone - I, M.P.Nagar, Bhopal -462 011,Madhya Pradesh. Bhubaneswar: Bhubaneshwar: C.O. Archbishop'SHouse,Satyanagar, ,Bhubaneshwar 751007Chennai : Chennai Main Branch82, Dr.RadhakrishnanSalai, Mylapore,Chennai600
004. Dhanbad: Shri Ram Plaza, First Floor, Bank More, Dhanbad 826 001, Jharkhand,Durgapur :No.101/N, SahidKhudiramSarani, City Centre, Durgapur 713 216, District Burdwan, West Bengal,Erode: R.S.No. 418/2, Adjoining Sudha Nursing Home, Perundurai Rd., VeerappanChathiram Panchayat, Erode 638 011, Tamil Nadu,Guwahati: Ground Floor, Chibber House, G.S. Road, Dispur, Guwahati 781 005, AssamGwalior: Ground Floor, Kanwal Complex,
ShrimantMadhavrao, ScindiaMarg, Gwalior Madhya Pradesh 474002, Hissar : Sco No/ 177, Commercial Urban Estate,No/ 1, Hissar 125 001, HaryanaHubli : Kalburgi Plaza,163/20A, Main Road, Deshpandenagar, Hubli 580 029, Karnataka. Hyderabad : Hyderabad Main Branch6-3-879/B, G. Pulla Reddy Bldg., First Floor, Begumpet Road, Hyderabad 500 016. Indore: "Kamal Palace", 1, YeshwantColony,YeshwantNiwasRoad,Indore - 452 003. Jamnagar :
Jaidev Arcade, Ground Floor, Park Colony Main Road, Near Joggers Park, Jamnagar 361008, Gujarat. Jamshedpur: Voltas House, Near Ram Mandir,Bistupur, Jamshedpur 831 001, Jharkhand State Kanpur: Ground & First Floor, 16/104-A, Civil Lines, Kanpur, Uttar Pradesh 208 001 Kolkata: Ground & First Floors, 7, Shakespeare Sarani, Kolkata 700 071, West Bengal. Kota: 414, Shopping Centre, Kota 324 007, Rajasthan. Ludhiana: Lower Ground Floor,
Shop No.AG-01, 02, 03, 3 A, 04, 05,05-A, 06, 07, 08, 09, 10, 11.Unit No. 1 & 2, The Boulevard, Plot No.105, Mall Road,Ludhiana, Punjab, 141001. Mangalore: Essel Towers, Bunts Hostel Circle, Mangalore - 575 003, Karnataka. Mumbai: Universal Insurance Building, GF, Sir PM road,Fort,Mumbai 400001. Navsari: Navsari, Gujarat, Building A, PremAnand Co-Op Housing Society Ltd, Near LunsikuiGround, NavsariGandevi Road, Navsari, Gujarat 396 445.
New Delhi: "Statesman House",148, Barakhamba Road, New Delhi 110 001. Patna: LokNayak Jay Prakash Bhawan, Dak Bungalow Crossing, Patna 800001, Bihar. Pune :Main Branch, Sterling Plaza, Plot No.1262/B,JangliMaharajRoad,Near Deccan Gymkhana, Pune 411004. Vadodara: Vardhaman Complex, Opp. G.E.B., Near Pizza Hut, Race Course Circle (North),Vadodara 390 007, Gujarat
HDFC BANK LIMITED
Agra: First Floor,Pariney Garden,Bhagfarjana, Civil Lines, Agra - 282002.Ahmedabad: HDFC Bank Ltd,Astral Tower, Near Mithakhali Six Raod,Navrnagpura, Ahmedabad - 380 009. Ambala: 6352/11 Nicholson Road First Floor Ambala Cantt. Bangalore: HDFC Bank Ltd.,Cash Management Services Salco Centre # 8/24, Richmond Road,Bangalore.Bhhatinda: HDFC Bank Ltd 83/1 Liberty Chowk,Civil Lines Bhatinda. Bhavnagar: 1 sl loor, 3ler||r Po|rl,
Waghawadi Road,Bhavnagar; Bhilwara: HDFC Bank Ltd., WBO, Shop no. 1-2-3-4, A Block, First Floor, SK Plaza, Pur Road Bhilwara (Raj.) 311001; Bikaner: HDFC Bank Ltd. Roshan Plaza, Rani Bazar, Bikaner. Burdwan: 45 GT Road/Burdwan-713101. Calicut: HDFC Bank Ltd, III Floor, Simax Towers, Kannur Road, Nadakkave, Calicut. Chandigarh: sco-189-190 Sector 17 c. Chennai: No. 115, Dr. Radhakrishnan Salai, 2nd Floor, Opp. to CSI Kalyani
Hospital, Mylapore, Chennai - 600004.Coimbatore: w80 ,1552,8Z, F|rsl loor, C|ass|c ToWers , Tr|c|y Road , Co|roalore.Cuttack: HDFC Bank Ltd., Holding No 32, 32/A Bajrakabati Road, Cuttack ,Orissa - 753 001. Dehradun: WBO Deptt, HDFC Bank, 56, Rajpur Road. Gorakhpur: Wholesale Banking Operations,Shreenath Complex, 10, Park Road, Civil Lines,Gorakhpur. Hyderabad: WBO 1-10-60/3, III Floor, Suryodaya,Begumpet. Indore: HDFC Bank Ltd.,
1st Floor, Brilliant Avenue, Sch No. 94, Sector -B, Behind Bombay Hospital, Ring Road.Jaipur: HDFC Bank House, 2nd Floor, O-10,Ashok Marg,C-Scheme,Jaipur.Jalandhar: HDFC Bank Ltd., 1st Floor, 911, GT Road, Nr. Narinder Cinema, Jalandhar. Jammu: CB-13, Rail Head Commercial Complex, Gandhi Nagar. Kanpur: 15/1, 1sl loor, C|v|| L|res, |arpur-208001.Cochin: First Floor, Palarivattom 25. Kolkata: Abhilasha - II, 6 Royd Street (2nd Floor). Kota:
13-14, Main Jhalawar Road; Ludhiana: SCO-54, Phase -2 Urban Estate Dugri Madurai: Sri Nithyakalyani Towers, No 34 Krishnarayan Tank Street, North Veli Street. Mumbai: Ground Floor, Maneckji Wadia Building,Nanik Motwani Marg,Near Kala Ghoda,opp Mumbai University,Fort Mumbai- 400 001. Muzaffarnagar: First Floor, 53/4 Janshat Road,New Mandi.Nagpur: 2, Mile Stone Block No 303 & 304, Near Lokmat Square, Wardha Road, Nagpur - 440010,
Maharashtra. Nasik: HDFC Bank Ltd., 3rd Floor , Archit Centre , Opp Sandeep Hotel, Chandak Circle Link Road, Near Mahamarg Bus Stand , Nasik 422 002. Nellore: 17/126, G.V.R. Enclave, G.T. Road, Nellore 524001. Delhi: Fig-Ops 1st Floor, Kailash Bldg. Patiala: Building No. 11520, 1st Floor Leela bhawan, Near Gopal Sweets. Pondicherry: T.S.No.6, 100Ft Road, Ellaipillaichavady.Raipur : HDFC Bank Ltd., Chawla Towers, Near Bottle House, Shankar
Nagar , Raipur, Chhattisgarh 492007. Rajahmundry: 46-17-20, 1stFloor, Danavaipet, Rajahmundry.Rajkot: Shivalik - V , 3rd Floor, Gondal Road, Rajkot. Ranchi : 56 Rohini Complex Circular Road Lalpur Ranchi 834001. Shillong: Anders Mansion, Police Bazar,Shillong. Shimoga: HDFC Bank Ltd., W B O, No 447 ,Sharavathi Complex, Savarlane Road, Shimoga. Siliguri: 136/115 Hill Cart Road. Solapur: HDFC Bank Ltd 8516/11 Murarji Peth,Sun Plaza
Bldg,Lucky Chowk,Solapur 413007. Surat: 1st Floor , Crossway Mall , Near Ram Chowk, Ghod Dod Road. Surendranagar: Middle Point, A Wing, Nr : Milan Cenama, Main Road, Surendranagar. Tirupati: HDFC Bank Ltd., 19-8-180,Krishna Arcade, Beside IBP Petrol pump, Near Annamaiah Circle. Tirupur: HDFC Bank Ltd,No-169,Chidambaram Complex,Kumaran Road,Tirupur 641601 Trichur: Third Floor, Suharsha Towers,Shornur Road. Udaipur: Uday
2loor 3 0ura rursery. Panipat: 801/4,Opps. Railway Road, G.T Road, Panipat. Moradabad: HDFC Bank Ltd, First Floor, Chaddha Complex, GMD Road; Kottayam: 3rd Floor Unity Buildings , KK Road.
STATE BANK OF INDIA
Ahmedabad: Ahmedabad Main Branch Post Bag No. 182, Bhadra, Ahmedabad District: Ahmadabad Gujarat 380001. Allahabad: State Bank Of India Allahabad Branch Allahabad District: Allahabad Uttar Pradesh 211001. Amritsar: Town Hall Asr Pb No. 22 Amritsar Pb District: Amritsar Punjab 143001. Anand: - District: Anand Gujarat 388001. Bangalore: P.B.No. 5310 State Bank Road Bangalore 560 001 District: Bangalore Urban Karnataka 560001.
Bareilly (Mc): Civil Lines Near Kuthcery Bareilly District: Bareilly Uttar Pradesh 243001. Bharuch: Station Road, Bharuch District Bharuch State Gujarat District: Bharuch Gujarat 392001. Bhavnagar: Mangal Bhavan Diwanpara Road Bhavnagar District: Bhavnagar Gujarat 364001. Bhilai Nagar: Bhilai Pb No. 5 Sec.I Bhila Distt : Durg District: Durg Chhattisgarh 490001. Bhopal: New Market T.T. Nagar, Bhopal Distt : Bhopal District: Bhopal Madhya
Pradesh 462003. Bhubaneswar: Unit-1 Bhubaneswar Khurda District: Khurda Orissa 751009. Bokaro Steel City: P.O.-Bokaro Steel City District: Bokaro Jharkhand 827011. Chandigarh: Sco 43-48, Sector 17-B, Bank Square, Chandigarh District: Chandigarh Chandigarh 160017. Chennai: 2, Prakasam Road T. Nagar Chennai District: Chennai Tamil Nadu 600017. Coimbatore: State Bank Road, Coimbatore, Tamil Nadu. District: Coimbatore Tamil
Nadu 641018. Cuttack: Collectoriate Compound P.O-Chandinichowk Cuttack District: Cuttack Orissa 753002. Delhi: C Block 11 Parliament Street New Delhi District: Delhi Delhi 110001. Dhanbad: P.O.-Dhanbad District: Dhanbad Jharkhand 826001. Greater Mumbai: Videocon Heritage, Charanjit Rai Marg, Fort Mumbai District: Mumbai Maharashtra 400001Gwalior: Zora| 0llce Carpus, C|ly Cerlre, 0Wa||or 0|slr|cl: 0Wa||or Vad|ya Prades| 1Z1011.
Hyderabad: Sbi Buildings Bank Street, Koti Hyderabad District: Hyderabad Andhra Pradesh 500095. Jabalpur: Jabalpur Main Branch Pb No. 16 Jbp482001 Distt : Jabalpur District: Jabalpur Madhya Pradesh 482001. Jaipur: State Bank Of India Main Branch, Sanganeri Gate, Jaipur District: Jaipur Rajasthan 302001. Jalandhar: Civil Lines, Jalandhar District: Jalandhar Punjab 144001. Jammu: Hari Market Jammu Tawi (J&K) District: Jammu Jammu
& Kashmir 180001. Jamnagar: - District: Jamnagar Gujarat 361001. Jamshedpur: P.O.-Jamshedpur District: Purbi Singhbhum Jharkhand 831001Jodhpur: High Cort Campus- Jodhpur Rajasthan District: Jodhpur Rajasthan 342006. Kochi: - District: Ernakulam Kerala 682003. Kolkata: Samriddhi Bhavan 1 . Strand Road Kolkata West Bengal 700001. Kota: Lic Building Kota District: Kota Rajasthan 324001. Lucknow: State Bank Of India Tara Wali
Kothi, Moti Mah Al Marg Lucknow District: Lucknow Uttar Pradesh 226001. Madurai: Sangam Towers 7 West Veli Street Madurai District: Madurai Tamil Nadu 625001. Meerut: Meerut Roorkee Road Meerut Cantt Meerut District: Meerut Uttar Pradesh 250001. Nagpur: Kingsway, Nagpur Dist. : Nagpur District: Nagpur Maharashtra 440001. Panaji: Panaji Main Branch Opp Mandovi Hotel,Db Marg Panaji , Goa District: North Goa Goa 403001. Patna:
West Gandhi Maidan, Patna District: Patna Bihar 800001. Pune: P 0 8ox , Co||eclor 0llce Corpourd Pure 0|slr|cl: Pure Va|aras|lra 111001. Raipur: Raipur Pb No.29/61,Raipur Distt : Raipur District: Raipur Chhattisgarh 492001. Rajkot: Rajkot District: Rajkot Gujarat 360001. Ranchi: Court Compound, Ranchi District: Ranchi Jharkhand 834001. Salem: - District: Salem Tamil Nadu 636001. Shimla: Shimla-3 District: Simla Himachal Pradesh
171001. Surat: - District: Surat Gujarat 395001. Thane: SBI, Thane Branch, Mazda Complex, Parsi Agiary Lane, Thane District: Thane Maharashtra 400601. Thiruvananthapuram: PB No 14 M G Road Trivandrum District: Thiruvananthapuram Kerala 695001. Tirupati: Behind Govindaraja Temple Tirupati District: Chittoor Andhra Pradesh 517501. Trichy: 21, Mcdonald Road, Tiruchirapalli , District Tiruchirapalli Tamilnadu 620001. Udaipur: Main
Branch Udaipur, 23-C, Madhuban, Udaipur, Rajasthan District: Udaipur Rajasthan 313001. Valsad: - District: Valsad Gujarat 396001Varanasi: State Bank Of India Varanasi Branch Varanasi District: Varanasi Uttar Pradesh 221002Vijayawada: SBI, Patamata Near Auto Nagar Gate Vijayawada District: Krishna Andhra Pradesh 520007. Visakhapatnam: Rednam Gardens, Old Jail Road, Visakhapatnam District: Vishakhapatnam Andhra Pradesh 530001
3lreel,Ko||ala-Z0001, Te| 033-222Z5031, lClCl 3ec., Vr. Rarjar Roul, 112A, T||rd loor, Ras| 8e|ar| Averue , Ras|oe|ar| Averue, Ko||ala-Z00029, Te| 033 - 5502101, lClCl 3ec., Vr. N|l|s| 3|r|vaslava, 339, Cara| 3lreel, La|e ToWr, Ko||ala-Z00018, Te| , lClCl 3ec., Vr. Vad|ur| 0upla, 95, 0urdur Road, Ko||ala-Z000Z1, Te| , lClCl 3ec., Vr. 0E8PRlY0 803E, P.3. 3r|jar Tec| Par|, 0r 52, 3eclor v, 3a|l La|e C|ly, Ko||ala-Z00091, Te| , lClCl 3ec., Vr. , 1
C, Jawaharlal Nehru Road, 15A, Everest House, Kolkata-700071,; ICICI Sec,Victoria Plaza,385 ,Garia Main Road, Kolkata - 700084; JM Financial, Mr. Bharskar Chatopadyay, Kankaria Estate, 8th Flr,6th Little Russell Street, Ph: 033-3987 0330; Karvy, 49, Jatin Das Road,Near Deshpriya Park,Kolkata - 700029, Tel - 24647231,32, 24644891; RR Equity,704,Krishna Bldg.,224,AJC Bose Road, Kolkata- 700017 033-22802963/22806878; SMC Global, 18,Rabindra
Sarani Podder Court Gate No 4, 5Th Floor Kolkatta -700001 Ph no 09933664479; Standard Chartered Sec,Mangalam Bldg., 24 & 26, Gr Floor, Hemanta Basu Sarani, Dalhousie, Kolkata - 700001. ,Tel.: 033 - 22137028 - 33 ; Standard Chartered Sec,Shree Manjiri, 1st Floor, 8/1, Sir William Jones Sarani, Kolkata - 700071. ,Tel.: 91-33-2227 6521 / 23 ; KOCHI : lClCl 3ec,F|rsl loor,Adora| ToWers,,3.A.Road,,K0Cll - 8201, lClCl 3ec,13l F|oor, Prao|us ToWers,V
Road, North End,,KOCHI - 682035; ICICI Sec,44/2102-C,Deshabhimani Junction,Kaloor,,KOCHI - 682017; Karvy, KOCHI,G 39, Panampally Nagar, Kochi - 682036, Tel - 2322724 / 726 / 152 /2310884;Standard Chartered Sec,1st Floor, Sana Tower, 39/2579C, M.G. Road, Ernakulam, Cochin - 682016. ,Tel.: 0484 - 2372669 / 70 / 73 ; KOTA : Hem Sec,20-A, Talwandi, Kota - 324005; SMC Global, 4-a-6 Talwandi Kota Rajasthan Ph no 09829116982; LUCKNOW:
ICICI Sec., Mr. Imran Khan, Ground Floor, Landmark Arcade2 Badshah Nagar Crossing Faizabad Road, Lucknow-226006, Tel 0522-4047519; ICICI Sec., Mr. Anuj Rastogi, Raj Palace, A1/15 Sector H, Purania Chauraha, Aliganj, Lucknow-226024, Tel 0522 - 4048855; ICICI Sec., Mr. Vikram Singh, S/268, E Block Market Awasthi Complex, Rajajipuram, Lucknow-226017, Tel 0522-4046306; ICICI Sec., Mr. Nitesh Tiwari, First And Second Floor, Speed Building, 3,
Shahnajaf Road, Lucknow-226001;Karvy, 94, Mahatma Gandhi Marg,Opp: Governor House, Hazratganj,Lucknow - 226001, Tel - 2236819-28, 3817001; RR Equity, G-32,Shriram Tower,13- A,Ashok Marg, Lucknow- 226001 0522- 4057612; SMC Global, Radha Krishna Bhawan, Plot No. 3/A, 5 Park Road, Lucknow Ph no 9839826932; LUDHIANA : ICICI Sec., Mr. Gurpreet Mangat, Sayal Complex, Gill Road, Ludhiana-141001;Karvy, Ludhiana,Sco 136, 1St
Floor,Feroze Gandhi Market,Ludhiana - 141001, Tel - 44680050 / 4680062-63; MADURAI : ICICI Sec., Mr. PRABHU N, 1St Floor, No. 466, 467 A.R. Complex K.K. Nagar, Madurai 625020 Tamilnadu , K. K. Nagar, Madurai-625020; Karvy, Madurai - Bye Pass Road,Rakesh Towers, No.30, By Pass Road,,Madurai - 625010, Tel - 2600851 - 854; MUMBAI : ICICI Sec, Gr. Floor, H.T Parekh Marg, Back Bay Reclamation,Churchgate,,MUMBAI - 400020; ICICI Sec,
Shree Sawan Knowledge Park, Gr. Floor, Plot No. D-507, T.T.C Industrial Area, M.I.D.C, Turbhe, Near Juinagar Railway Station, 400705; ICICI Sec., Mr. Ajay Singh, 1st Floor, Gopi Cinema Mall, Dombivali-421202 , Tel ; ICICI Sec., Mr. Mehul Shah, Shop no 11, Megh Apartment Junction of factory lanes & LT road, Megh Apt -Boriwali(W), Mumbai-400092, Tel ; ICICI Sec., Mr. Dhruv Mehta, Jaya Apartments, R B Mehta road, Ghatkopar (E) Mumbai-400075, Tel
022-65972581; ICICI Sec., Mr. Sankalp Kumar, Shop no. 9,10 Meriline Corner, Sion, Mumbai-400022, Tel 022 65972877; ICICI Sec, Shop No. 1 & 2, Dilkush Bungalow J. P. Road, Andheri West, Mumbai-400058; ICICI Sec., Mr. , 56/57, Saraf Choudhari Nagar Co. Thakur Complex Kandivali East, Mumbai-400101, Tel 022-65972165; ICICI Sec., Mr. Umesh Gupta, Shop No. 26, 27 & 51, Gr.Floor, Ashoka Shopping Centre LT Marg, GT Hospital Compound Marine
Lines, Mumbai-400002, Tel 022-65972151; ICICI Sec., Mr. Rahul Jain, 1A&2, Balaji Arcade S.V Road Kandivili (W), Mumbai-400067, Tel 022-67252026; ICICI Sec., Mr. , Ground Floor Jayshree Plaza L.B.S. Marg, Bhandup (W), Mumbai-400078 , Tel 022-67252071; ICICI Sec., Mr. Sahana Shetty, Gr.Floor,Shop No.7,8,9, Anand Vatika Siddharth Nagar, S V Road Goregaon (W), Mumbai-400062 , Tel 022-65145413; ICICI Sec., Mr. , Gr Floor, Devraj Mall, Krishna
Kunj Hsg Soc. Harishankar Joshi Road, Dahisar (E), Mumbai-400068 , Tel 022 65973037; ICICI Sec., Mr. R SHASTRI, 1St Floor Sai Kiran,Central Avenue 11Th Road Junction Chembur, Mumbai-400074 , Tel 022 67706455; ICICI Sec., Mr. Arvind Tiwari, Radha Kunj, Azadnagar, Vile Parle West , Mumbai-400056 , Tel 022 66712660; ICICI Sec., Mr. Amit Beri, Gr. Floor, Vardhaman Apt., 40, Hanuman Road, Vile Parle (E), Mumbai-400057 , Tel ; ICICI Sec., Mr.
Pawan Bali, Gr. Floor, Shop No. 2, Grace Chamber, Amrit Nagar, Chakala, Andheri (E), Mumbai-400093 , Tel ; ICICI Sec., Mr. , 227, Gr. Floor, G-2A, Nariman Bhavan, Mumbai-400021 , Tel ; ICICI Sec., Mr. Rajesh Singh, Shop No. 1,2,3,4, Shagun Mall, Dindoshi, Gokul Dham, Goregaon (E), Mumbai-400063 ;ICICI Sec., Mr. Kshitij Sharma, Shop No 4,5,6,7 Roop Maya Co-Op Hsg.Soc., Sector 6 Airoli, Navi Mumbai-400708 , Tel 022 65143243; ICICI Sec,Shop No.
1, Bhomi Tower,Sec - 4, Plot No. 28,Kharghar, Navi Mumbai - 410210; ICICI Sec., Mr. ANUP KUMAR, Shop No.6,7 & 8,Ground Flr. Vaishnavi Tower,Sector-44 Nerul (W), Sec-44, Navi Mumbai-400706 , Tel 022 65143650; ICICI Sec,Gr. Floor,Tulsi Pooja Shopping Center,New Panvel (E).,Navi Mumbai - 410206; ICICI Sec., Mr. VIKAS SHARMA, Apsara Building Shop No. 4, Sector - 17, Vashi., VASHI, SECTOR 17, Navi Mumbai-400702 , Tel 022 67124805; ICICI
3ec., Vr. Rajr|s| Pal|a|, 0rourd F|oor, 8|oc| 1, 3|op No 3,Erera|d P|aza l|rarardar| VeadoWs,0|ady A|vares Var T|are (w), Erera|d P|aza, T|are-10010 , Te| 022-Z252081, lClCl 3ec., Vr. , 0|yrp|a 8|d Poorar 3aar, VlRA R0A0 (E), TlANE-10110Z , Te| 022-59Z21Z1, lClCl 3ec., Vr. , 13l F|oor, 0llce No. 2 0aurar| C|aroers, L.8.3. Var, T|are-10002 , Te| 022-Z389, lClCl 3ec., Vr. Kara| Roy, 0rourd F|oor, 0a||er|a, Ta|ao Pa||, T|are
(West) -400602 ; Amit Jasani, 301, Hind Rajasthan Chambers, 6, Oak Lane, Fort, Mumbai 400023; Edelweiss Broking Limited : 104, 1
st
Floor, P J Towers, BSE Bldg, Fort, Mumbai 01 Tel: 022 - 67471345 ; Enam Sec,Khatau Building, 2Nd Floor, 44 Bank Street, Fort, Pin- 400023, Ph:022- 22677901; Enam Securities Direct Pvt Ltd,201-A, Laxmi Towers, BKC, Bandra (E), Pin- 400051, Ph:022- 66803600; Enam Sec,Hari Chamber, Ground Floor, 58/64, Shahid
Bhagat Singh Road, Fort, Pin- 400001, Ph:022- 22677901; DSP Merrill, 8
th
Floor, Mafatlal Centre, Nariman Point, Mumbai 400021, Tel 66328000; Geojit BNP,22 - B, Rajabahadur Mansion, Ambalal Doshi Marg,Fort, Mumbai 400023,Tel; 66368911/ 9322302143; Hitesh Shah, Perin Nariman Street, Fort, Mumbai - Hem Sec,14/15, Khatau , Tel - Building, 1st Floor, 40 Bank Street, Fort,Mumbai-400023;JM Financial, Mr Ashit Vora, 1st Floor, Patel House, M G
Road, Vileparle (East), Ph:022-2613 5202-03/67077440-43.JM Financial, Mr. Sahil Shah, Palm Court, M- Wing, 4th Floor, Goregaon Link Road,Malad (West), Ph:022-30877000/67617000.JM Financial, Mr.Nilesh Gavle, Ground Floor, Anushka, New Link Rd,Andheri (West), Ph:022- 66191600/612. JM Financial, Mr R Mukundan/Ms Armin Irani, 2,3,4 Kamanwala Chambers,P M Road, Fort, Ph:022-3021 3500/2266 5577 - 80, JM Financial, Ms Jyotsna Solanki/Mr
C V George, Shop No 6, Dattani Trade Center,Chandra Varkar Road, Borivali (West), Ph:022- 3021 5400/6695 9120 - 23 JM Financial, . Ms Charulata Mehta/Mr. Tilak Sanil, 424/425 Kalidas Plaza, V B Lane,Ghatkopar (East), Ph:022-3097 8700/6710 4738; Kaushik N Shah, 101, Chandan Chamber, 1
st
Floor, 138, Mody Street, Fort, Mumbai 400001, Tel 22621315; Karvy, Mumbai - Andheri - KSBL,Fourt Foundation Building 26/30, Nagindas Master lane, Fort
Mumbai - 400023,,MUMBAI - 400023 ; LKP Sec, Bank of Maharashtra Building, 45/47, Mumbai Samachar Marg, Fort, Mumbai 400001, Tel 22660171; Nirmal Bang, 38-B, Khatau Building, 2
nd
Floor, Alkesh Dinesh Mody marg, Fort, Mumbai 400001, Tel 22641234; RR Equity,18 First Floor,105 BS Marg.,Fort, Mumbai- 400023 022-40544201/224; RR Equity,133A, Mittal Tower, A Wing, 13th Floor, Nariman Point, Mumbai- 400021 9324804084; SMC Global,
258,Per|r Nar|rar 3lreel F|rsl F|oor Forl ruroa| -100001 P| ro 09821111219, 3us||| F|rarce, 12, lorj| 3lreel, Forl, Vuroa| - 100001, Te| - 1093000, 3lardard C|arlered 3ec,0rourd F|oor, Arard Correrc|a| Cerlre, 3.v. Road, 3arlacruz (wesl), Vuroa| - 100051. ,Te|.: (022) 200133 / 20511 , 3lardard C|arlered 3ec,, 3ar|raj|a louse, 1sl loor, 131, 0r. 0.8. Var, 0pera louse, Vuroa| - 100 001 ,Te|.: (91-22) 51Z Z950 - 52 , 3lardard
Chartered Sec,Work Station - 1016, Standard Chartered Tower, 201-B/1,1st Floor, Western Express Highway,Goregaon (East), Mumbai 400063,Tel.: (022) 6755 Standard Chartered Sec,Sai Plaza, Ground Floor, Jawahar Road, Ghatkopar (East), Mumbai - 400077. ,Tel.: 022 - 25028540 - 45 ; Standard Chartered Sec,Shop No. 1&2, Shroff Towers, Sodawala Cross Lane, Borivali (West), Mumbai - 400092. ,Tel.: (022) 66982772 / 73 / 74 / 75 ; Standard Chartered
Sec,Dheeraj Arma, 1st Floor, Anant Kanekar Marg, Bandra (East), Mumbai - 400051. ,Tel.: (91-22) 6751 5999 ; MEERUT : ICICI Sec,P P Plaza, Plot No. 177/1,Mangal Pandey Nagar,MEERUT - 250005; SMC Global, C/O Ksb Capital Services Ltd Shop No-1,First Floor,Hari Laxmi Road,P K Road,Crossing Meerut Ph no 9837024084, KAVERI COMPLEX, P.L. Sharma Road Meerut Ph no 9837101412; MYSORE : ICICI Sec., Mr. ANIL MN, D. No. 86/3A, Panabvati
Circle, Kalidasa Road, Jayalakshmipuram,, Kalidasa Road, Mysore-570012; MANGALORE : RR Equity, F 2 1st Floor Adithi Arcade Karangalpay mangalore 575003,Tel - 9845288557; NAGPUR : ICICI Sec., Mr. Ravindra Akhare, First Floor,Shop No. 138 To 140 Shree Ram Shyam Towers, , Sadar - Hub, Nagpur-440001 , Tel 0712-6631608; ICICI Sec., Mr. Amit Gondewar, Ganesh Heights Kotwal Nagar Ring Road, Khamla, Nagpur-440015 , Tel 0712 - 6452494;
Karvy, 3Rd Floor, Shreeram Tower,Near Nit Building,Sadar,Nagpur - 440001, Tel - 6614146 / 6614145; Standard Chartered Sec,101/102, Shriram Shyam Towers, 1st Floor, Kingsway, Sadar, Nagpur - 440001.,Tel.: 0712 - 3243681 / 3243689 ; NASIK : ICICI Sec., Mr. Kalpesh Solanki, Shop No. 67, 68, Vasant Market, Canada Corner, Nasik-422002 ; ICICI Sec., Mr. , Ground Floor, Plot No. 7, Mahindra Memorial Centre, Rathchakra Chowk, Vadala- Pathardi Road,
Indira Nagar, Nasik-422009,Tel 0253 6572116; Standard Chartered Sec,Suyojit Heights, F-3, First Floor, Sharanpur Road, Nashik - 422 002,Tel.: 0253 - 6611891 to 94 ; NOIDA : ICICI Sec., Mr. Sarfaraz Ahmed, 16, 15, 14, & 12-A, Ground Floor, Msx Tower II, Greater Noida-201306; ICICI Sec., Mr. Kumar Shivendra, B 1/34-35,Central Market Sector-50 , Sector 50, Noida-201301, Tel 9810139014; RR Equity, P-5,Sector - 18,Noida- 201301,Tel -0120-4336992 ;
SMC Global, 106-Ocean Plaza .P-5 Sec-18, Noida-201301 Ph no 9717000378; NEWDELHI : DB Intl, 402, New Delhi House, 27, Barakhamba Rd, New Delhi, Tel 9312212421; Enam Sec,M-39, Iind Floor, Outer Circle,Connaught Place, Pin- 110001, Ph:011- 49811200/201;ICICI Sec., Mr. Khagendra Pant, Ground Floor, UG-05,Upper Gr. Floor,Vikas Surya Plaza, 7 Community Centre, Road No. 44, Pitam Pura, Rani Bagh, New Delhi-110034, Tel 011-42644297;
ICICI Sec,Ground Floor, Plot No. 24 ,25, LSC Mayur Vihar-Ii, New Delhi-110091, Tel 011-43306905; ICICI Sec., Mr. Jaydev Mandal, Ground Floor & Mezzanine, Ab-11,Community Center Safdarjung Enclave , New Delhi-110029, Tel 011-46026136; ICICI Sec., Mr. Supreet Arora, Ground Floor & Mezzanine, 29, Community Centre, Naraina Industrial Estate, Phase - I, New DelhI-110028, Tel 011-45009954; ICICI Sec., Mr. , Building No 4, 1St Floor, SMR House,
Basant Lok Vasant Vihar, New Delhi-110057, Tel 011-46039807; ICICI Sec., Mr. Puja Kumari, 1st Floor, Shop No. 39 Pushpa Market, Lajpat nagar II, Lajpat Nagar, New Delhi-110024, Tel 9910692530; ICICI Sec., Mr. Ravikumar Sharma, Ground Floor Plot no-8A Block No.E,Hauz Khas, Hauz Khas, New Delhi-110016, Tel 011-41654853; ICICI Sec,Gr. Floor,Premises No F-3/28,Krishna Nagar, Main Market,,New Delhi - 110051; ICICI Sec., Mr. Mohammad Aamir,
Ground Floor & First Floor Plot No 17, Community Center Mayapuri, NEWDELHI-110064, Tel 011-45501297; ICICI Sec., Mr. Rahul Sharma, Ground Floor 4435-3/6, Portion 4/7 Ansari Road, Daryaganj, New Delhi-110002, Tel 011-43540813; ICICI Sec., Mr. Ravish Singh, Gr. Floor , 1St Floor, Plot No-10, LSC Rajdhani Enclave, Vikas Marg, New Delhi-110092, Tel 9971091474; ICICI Sec., Mr. Mayank Kheror, Ground Floor, Rohini Sector-9, Near Kadambri CGHS
Ltd , New Delhi-110085, Tel 9910692511; ICICI Sec., Mr. Rahul Aggarwal, Ground Floor & Upper, 22 Central Market Ashok Vihar, New Delhi-110052, Tel 011-47023584; ICICI Sec., Mr. Vishal Narang, Unit F-7,8,9,10,11,12,13,14 Malik Buildcon Plaza-2 Pocket-V Sec 12, Dwarka, Dwarka, New Delhi-110075, Tel 011- 45537264; ICICI Sec., Mr. Deepak Thakur, Gr. Floor 30/5,Nangia Park Circle Shakti Nagar, New Delhi-110007, Delhi, Tel 011- 47013716; ICICI Sec.,
Vr. Ar|rdar 8|sWas, 0rourd F|oor 3C/1, NeW Ro|la| Road, NeW 0e|||-110005, 0ELll, Te| 9910990ZZZ, lClCl 3ec., Vr. Vayar| Pardey, F|rsl F|oor (Lell 3|de) 00A 3|opp|r Corp|ex A|a|rarda, NeW 0e|||-110019, Te| 011 - 11ZZ511, lClCl 3ec., Vr. Aseer Kapoor, P|ol No. 13, Corrur|ly Cerlre, NeW Fr|erds Co|ory, NeW 0e|||-11005, Te| 011- 11Z29, lClCl 3ec., Vr. 3ar|l Kapoor, 1Z9 - 182, 0da 0llce Corp|ex Rajerdra 8|aWar, Rajerdra P|ace, NeW
Delhi-110008, Tel ; ICICI Sec., Mr. SARIKAABROL, Shop No. 45 & 46, Tilak Nagar, New Delhi-110018, Tel ; ICICI Sec., 114/115,1St Floor,Arunachal Bldg 19 Barakhamba Road,Connaught Place, New Delhi-110001, Tel ; ICICI Sec., Mr. Jitender Arya, J2/21, 1St Floor, Rajouri Garden, New Delhi-110027; JM Financial , Mr Prasad Nair/Mr C S Tiwari, 114 Himalya House,23,K G Marg, Ph:011-4130 5000/3092 5500; RSG Share, 123, Rajendra Bhawan, Rajendra
Place, New Delhi 110008, Phone 32420574; Karvy 105-108, Arunachal Building,19, Barakhamba Road, Connaught Place,New Delhi - 110001, Tel - 23324401 / 43509200 / 23324409; Karvy, 402, 4Th Floor, Vikrant Tower,,Rajendra Place,New Delhi - 110008, Tel - 41536548 / 41537844 / 41539961 / 62 / 64; RR Equity, 47, M.M. Road, Rani Jhansi Marg, Jhandewalan, New Delhi 110055 011-23636363/62; RR Equity, 105, Anchal Plaza,Nelson Mandela Road
Vasant Kunj,New Delhi-110070, 011-26891262,26134764; RR Equity, 105, Pratap Bhawan , Bahadur Shah Zafar Marg, New Delhi - 110001 011- 49505500,41509018; RR Equity, 118, Gagandeep Building, Rajendra Place , New Delhi- 110008 011- 25764872,41538956; RR Equity, 106, Pankaj Chambers, Preet Vihar Community Centre, Delhi - 110092, 011-42421238-39, 49504400; RR Equity, Shop No. 24, FD Market, Pitampura , Delhi - 110034 011 - 27311419
; RR Equity, N-24 - 25, Connaught Place, New Delhi - 110001 011- 41523306, 46308803, 41523229; RR Equity, 111, Jyotishikhar, 8 Distt. Centre , Janakpuri, New Delhi - 110018 011- 25617654; SMC Global, 17 , Netaji Subhash Marg, Daryaganj, New Delhi-110 002 Ph no 9818620470 , 6B, First Floor Himalaya House 23, K G Marg Connaught place New Delhi -110 001 Ph no 9958696929; Standard Chartered Sec,159, Aggarwal Citi Plaza, Plot No. 17, Manngalam
Place, Sector 3, Rohini, New Delhi -110 085. India,Tel.: 011 - 47090181-84 ; Standard Chartered Sec,52-53, Malviya Smriti Bhawan, Deen Dayal Upadhyay Marg, New Delhi-110002.,Tel.: 011 - 41514821- 24 ; Standard Chartered Sec,E-2/27,Ground Floor, Main Link Road, Jhandewalan, Gate No.2, New Delhi-110 055, Tel.: 011 - 4329 3200 -14 (15 lines) 011 - 23541317; PANJIM : Standard Chartered Sec,15, 16 & 17, Haroons Arcade, Magnum Center, 1st Floor,
M. G. Road, Panaji, 403001. ,Tel.: 0832 - 2232173 / 2420238 ; PATNA : ICICI Sec., Mr. ANUP SRIVASTWA, ICICI Bank Premises,Sumitra Sadan, Boring Road Crossing, Patna-800001, Bihar, Tel 0612-6450217; RR Equity, 422-23, 4th Floor,Ashiyana Harniwas Complex,New Dak Bunglow Road Patna Bihar 800001 9334114868, 9334114868; SMC Global, Frontline Financial Consultancy Pvt. Ltd. 209, 2nd Floor, Pandey Mall, Patna , 800001 Ph no 9798981521;
PONDICHERRY : ICICI Sec., Mr. Prabhu Ponnusamy, Gr. Floor, Avn Plaza, 100 Ft Road Mudaliarpet, Gayatri Nagar, Pondicherry-605004; PUNE : Enam Sec,1248A, Asmani Plaza, Goodluck Chowk, Deccan Gymkhana, Shivaji Nagar, Pin- 411004, Ph:020- 25521606/406; Enam Sec,101 & 102, Silver Prestige, 1St Floor, Tilak Road, Swargate, Pin- 411002, Ph:020- 30205492/93; ICICI Sec., Mr. Abhinav Kumar, Ground Floor Abhimanshree Apartments-2 Condominium
8|uvares|War 3oc|ely, Aurd|, Pure-11100Z , Te| 020-10095Z8, lClCl 3ec., Vr. JANKl vYA3, 0rourd F|oor, 3|eela| P|aza CT3 No. 1125,F|ra| P|ol No.199 Vode| Co|ory, 3||vaj|raar,8|arourda, Pure-11101 , Te| 020-1009581, lClCl 3ec., Vr. v|jay Av|ad, Rara 3.No 82/A, CT3 No 1018 P|ol No 19, C|alrapal| Rajarar Co-0p lou.3oc Jed|eraar,8|oWeWad|, Pure-11103Z , Te| 020-1Z80015, lClCl 3ec, 0llce No.3, Tedd|es Aparlrerl Kord|aWa,
Pune-411048 , Tel 020 64789996; ICICI Sec., Mr. , Gr. Floor & Mezzanine,Krishnakunj, S No.211 Hissa No. 2E, Plot No. 17 Kalyaninagar, Yerwada, Pune-411006 , Tel 020-64000280; ICICI Sec., Mr. Seema Kumari, Gr. Floor & Basement Pramila Apt, Plot No. 16, Beside Hotel Kamat, Dahanukar Colony Circle, Kothrud, Pune-411029 , Tel 020-64000279; ICICI Sec., Mr. Rahul Rathi, Gr.Floor, 86A,Survey No.390/1684-1 M.G.Road, Camp , M.G.ROAD, PUNE-411001
, Tel 020 64000284; ICICI Sec,, Groud Floor, Premsagar,H Wing ,Chinchwad, Pune-411033 , Tel 020-27463416; ICICI Sec., Mr. Ruchi Singh, Shop No 1 & 2 Gr. Floor Sneh Bldg, Cts No 1404,Pimpri, Pune-411017 , Tel 020-26451574; ICICI Sec., Mr. Aashish Agarwal, Ground Floor, KPCT B Wing S No.16,Hisa No.1/1,CTS No.912,Wanawadi,Fatimanagar, Pune-411040 , Tel 020-64009551; JM Financial, Mr Anand Shirke/Mr Sanjay Yelwande, 205 Business Guild
, LaW Co||ee Road, ErardaWare, P|:020-398Z 100-01/ 033Z30, Karvy, 0llce No., T||rd F|oor, Rac|ara Trade Eslale,LaW Co||ee Road, Cls No.105, ErardWare,Pure - 111033, Te| - 018Z90 / 91 / 92 / 93, 3VC 0|ooa|, 13T F|oor, 0ea||r C|aroer, J V Road, Pure, 111001 P| ro 9Z9315255, 3lardard C|arlered 3ec,A/2, 1sl F|oor, 0eccar C|aroers, C.T. 3urvey No. 33/10, ErardWare, Karve Road, Pure - 111001. ,Te|.: 020 - 2515313 / 251531Z3 ,
RAJKOT : Enam Sec,308, 3RD FLOOR, Towar Commercial Complex,Jawahar Complex,Near Galaxy Hotel, Pin- 360001, Tel - 2226383/384; ICICI Sec., Mr. Manish Savaliya, 1st Floor, Shantiniketan Complex 150 Feet Ring Road , Rajkot-360007, Tel 0281-6451154; JM Financial Services, Mr. Sona Verghese, 202 Solitaire, 2nd Floor, SV Marg, Ramkrishna Nagar,Ph:0281-3984000/3984101; SMC Global, 302/B 3rd Floor, Shivalik 5, Makkam Chowk ,Gondal
Road. Rajkot -360 002 Ph: 8000903984; Vora Finstock, Chunilal Mansion, 2, Panchnath Plot, Rajkot 360001; RAIPUR : ICICI Sec,GE ROAD,Maruti Business Park, Ff-03, Ge Road,,RAIPUR - 492001; RANCHI : ICICI Sec., Mr. Satya Saurabh, First Floor, Ranchi Club Complex, Main Road, Ranchi-834001, Jharkhand; RAJAHMUNDRY : ICICI Sec., Mr. Raju Mp, Door No: 46-22-11, Karrisu Reddy Plaza, Danavaipeta, East Godavari District,, Rajahmundry-533103;
SALEM : lClCl 3ec., Vr. Karuppa|ar C, 1sl loor, 2Z0/1, 8|aral|| 3lreel, 3Warrapur|, 3a|er-3001, SILIGURI : 3lardard C|arlered 3ec,Pralap Var|el, 1sl loor, 3evo|e Road, 3|||ur| - Z31101. ,Te| (0353) 2511891 / 95 / 210Z19, SURAT : ICICI Sec., Mr. Prashant Kanade, 1St Floor Viishal Chambers, Athwagate Charrasta, Surat-395001, Tel 0261-6548407; ICICI Sec., Mr. Kuldeep Singh, G/10, 11, 12 Sarthi Complex, Hira Baug, Surat-395006, Tel 0261-6548438;
ICICI Sec,Shop No.35,36 & 37,2Nd Floor, Shreeji Arcade Complex Anand Mahal Road,Adjan Road , SHREEJI Complex, Surat-395009, Tel 0261-6548419; JM Financial, Mr. Dipen Shah/Mr. Nishant Trivedi, 407, 4th Floor, 21 Century Business Centre, Ring Road, Ph:0261-3984000; RR Equity, 9-Ravi Raj Society, Behind Gayatri Mandir,New City Light Road Surat 395002,Tel - 0261-2265818, 9925233692; Standard Chartered Sec,U-18,Upper Ground Floor,
Jolly Plaza, Athwagate, Surat 395001 ,Tel.: 0261 - 2463101 / 02 ; TRICHY : ICICI Sec., Mr. SADIQ BASHA, Gr. Floor, No. B14Colony Main Road, Thillai Nagar , Colony Main Raod, Trichy-620017; TRIVANDRUM : ICICI Sec., Mr. JOMEY JOSEPH, 2 Nd Floor,Kamala Towers , Vazhuthacaud, Trivandrum-695014; TIRUPATI : ICICI Sec., Mr. Venkata Venkumahanthi, Gr.Flr D/o: 19-3-12/J4 Ramanuja Circle, Tirchanoor Road, Tirupati-517501 ; TIRUPUR : ICICI
Sec,Tirupur,The Coocoon,No.56/1,Sabari Salai,Binny Compund, Tirupur - 641601; UDAIPUR : Standard Chartered Sec,Abhay Niwas, 5, 1st Floor, Residency Road, Udaipur - 313001. ,Tel. 0294 - 3204889 / 890 ; ICICI Sec., Mr. Kavish Tandon, Sf, 5C, Madhuvan, Udaipur-313001; VADODARA : Enam Sec,Gf 9, Silverline Towers, Sayajiganj-390005, Ph:0265- 3026945/46; Enam Sec, 642 Fortune Towers, Sayajiganj, Pin- 390005, Ph:0265- 2225412; ICICI Sec,
Ground Floor, Gardenview Chambers, Sayajiganj, Vadodara-390005, Gujarat, Tel 0256-6540546; ICICI Sec., Mr. Chirag George, Amrapali Complex, 1St Floor, Shop No. 142, 143, 144, 145, 146, Water Tank Road, Karelibaug, Vadodara-390018, Tel 0278-2433288; ICICI Sec., Mr. Bhumish Patel, Rutukalash Complex, Gr Floor Shop No 7,8,9 Tulsidham Char rasta Manzalpur, Manzalpur, Vadodara-390011,Tel 0265 6566911; ICICI Sec., Mr. Hitesh Parmar, 1St Floor,
Gokulesh Ii, 96 Sampatrao Colony,R.C.Dutta Road Alkapuri., Gokulesh, Vadodara-390007, ; JM Financial, Mr. Ghanshyam Vyas, G1Ground Floor, Shohan, 49 Alkapuri Society, Alkapuri, Ph:0265-3984 311; Karvy, 38, Payal Complex, Near Vadodara Stock Exchange Ltd, Sayajigunj - 390005, Tel - 2225168 / 169, 2361514 / 2225220; RR Equity, 222 Siddharth Complex,RC Dutta Road.,Vadodra- 390007 265-3256190/2353195; Standard Chartered Sec,F-101, Savoy
Complex, Old Padra Road, Vadodara - 390020.,Tel.: (0265) 2357160 / 161 ; VARANASI : ICICI Sec., Mr. SAPNA TIWARI, 21/2A, 1St Floor, Karnachha Rathyatra Road, Varanasi-221001; RR Equity,Shop no. 38, Ground Floor Kuber Complex, Rath Yatra, Tel - 9415201997; VIJAYAWADA : ICICI Sec., Mr. BAZID SHAIK, 29-6-31, 1St Floor, Sai Srinivasa Shopping Complex, Nakkal Road, Suryaraopet, Vijayawada-520001; Karvy, 39-10-7, Opp: Municipal Water
Tank,Labbipet,Vijayawada - 520010, Tel - 2495200 / 400 / 500 / 600 / 700 / 800; VISHAKHAPATNAM: ICICI Sec,Visakhapatnam,1-83-43, 1St Floor,Narendra Polyclinic Building,M V P Colony.,Visakhapatnam - 530017; JM Financial, Mr D V Vijayakumar, Door No 9-1-224/4/3, 1st Floor, Nandan Nirman,CBM Compound, Ph:0891-3983800; Karvy, 47-14-5/1, Eswar Paradise,Dwaraka Nagar Main Road,Vishakapatnam - 530016, Tel - 2752915 to 18; Standard
Chartered Sec,Vijayalakshami Nilayam, 1st Floor, 10-50-81, Rock Dale Layout, Waltair Main Road, Visakhapatnam - 530002. ,Tel. (0891) 2739420 / 22.
* NRI APPLICANTS SEEKING ALLOTMENT OF BONDS IN PHYSICAL MODE SHALL SUBMIT THE APPLICATIONS AT : MUMBAI, DELHI, AHMEDABAD, HYDERABAD, CHENNAI, BANGALORE, CHANDIGARH AND KOCHI
IN THE NATURE OF ABRIDGED PROSPECTUS (FORM 2A)- MEMORANDUM CONTAINING SALIENT FEATURES OF PROSPECTUS - TRANCHE 1
NATIONAL HIGHWAYS AUTHORITY OF INDIA 4
GENERAL INSTRUCTIONS
Applicants are advised to read the Shelf Prospectus dated December 13, 2011 (the
Shelf Prospectus), Addendum to Shelf Prospectus together with the Tranche 1
Prospectus dated December 22, 2011 (the Prospectus Tranche 1), shall constitute
the Prospectus and the general instructions contained in this Application Form
carefully and to satisfy themselves of the disclosures before making an application for
subscription. Unless otherwise specied, all the terms used in this Issue Form have
the same meaning as in the Prospectus. For a copy of the Prospectus the applicants
may request us and/or the Lead Managers. Further, investors are advised to retain
the copy of the Prospectus/Abridged prospectus for their future reference. Please ll
in the Form in English using BLOCK Letters. Investors should carefully choose the
Option(s) they wish to apply for. Please refer to Terms of the Issue in the Prospectus
for further details.
TERMS OF THE ISSUE
The Bonds being offered as part of this Tranche 1 Issue are subject to the provisions of the SEBI Debt
Regulations, NHA Act, CBDT Notifcation No. 52/2011.F.No.178/56/2011-(TA.1) dated September 23,
2011, the terms of the Draft Shelf Prospectus, the Shelf Prospectus, the Prospectus Tranche - 1, the
Application Form, the terms and conditions of the Trustee Agreement and the Trust Deed, other applicable
statutory and/or regulatory requirements including those issued from time to time by SEB/the Go /BSE/
NSE, RB, and/or other statutory/regulatory authorities relating to the offer, issue and listing of securities
and any other documents that may be executed in connection with the Bonds.
1. Authority for the Issue: The CBDT, Department of Revenue, Ministry of Finance, Go, by virtue of
power conferred upon it under Section 10(15)(iv)(h) of the ncome Tax Act, 1961, has issued Notifcation
No. 52/2011.F.No.178/56/2011-(TA.1) dated September 23, 2011 authorising NHA to issue the said
Bonds upto an aggregate amount of ` 10,00,000 lacs during the fnancial year 2011-12. NHA shall issue
the Bonds upto an aggregate amount of ` 10,00,000 lacs during the fnancial year 2011-12 as approved
by its Board vide its resolution dated October 14, 2011.
2. Issue and Status of Bonds: 2.1. Public ssue of Tax free, Secured Redeemable Non Convertible
Bonds in the nature of Debentures having tax benefts under Section 10(15) (iv) (h) of the ncome Tax
Act, 1961 not exceeding ` 10,00,000.00 lacs at par in one or more tranches in the fnancial year 2011-
12. 2.2. The Bonds are secured pursuant to a Trust Deed and underlying security documents. The
Bondholders are entitled to the beneft of the Trust Deed and are bound by and are deemed to have
notice of all the provisions of the Trust Deed. NHA is issuing the Bonds in accordance with the Notifcation
No. 52/2011.F.No.178/56/2011-(TA.1) dated September 23, 2011 issued by CBDT. 2.3. The Bonds are
issued in the form of tax-free, secured, redeemable, non-convertible bonds in the nature of debenture
and shall rank pari passu inter se, and subject to any obligations under applicable statutory and/or
regulatory requirements, shall also, with regard to the amount invested, be secured by way of frst pari
passu charge on the immovable properties situated at Ahmedabad and exclusive frst charge on fxed
assets of NHA (as refected in the Balance Sheet for the fnancial year ended March 31, 2011), being
highway project comprising of all superstructure including highway lightings, road barriers and dividers,
bridges, culverts and all other super structures constructured on national highways except those under
the Surat-Manor Tollway Project entrusted to NHA to the extent of 100% of the amounts outstanding
in respect of the Bonds at any time. The mode of creation of security shall be by way of mortgage and
the security creation requires prior approval and authorization by the Central Government as owner of
the land. The NOC for the same has been received from the Central Government. The claims of the
Bond holders shall be superior to the claims of any unsecured creditors, subject to applicable statutory
and/or regulatory requirements and shall rank pari passu to the claims of the secured creditors of NHA
secured against the aforesaid assets/properties.
3. Form, Face Value, Title and Listing etc: 3.1.1. Form of Allotment: The Allotment of the Bonds
shall be in a dematerialized form as well as physical form. NHA has made depository arrangements
with CDSL and NSDL for the issuance of the Bonds in dematerialized form, pursuant to the tripartite
agreement dated November 17, 2011 among NHA, CDSLand the Registrar to the ssue and the tripartite
agreement dated September 1, 2000 among NHA, NSDL and the Registrar to the ssue (collectively,
Tripartite Agreements). NHA shall take necessary steps to credit the Depository Participant account
of the Applicants with the number of Bonds allotted in dematerialized form. The Bondholders holding
the Bonds in dematerialised form shall deal with the Bonds in accordance with the provisions of the
Depositories Act, 1996 (Depositories Act) and/or rules as notifed by the Depositories from time to
time. 3.1.2. The Bondholders may rematerialize the Bonds issued in dematerialized form, at any time
after Allotment, in accordance with the provisions of the Depositories Act and/or rules as notifed by the
Depositories from time to time. 3.1.3. n case of Bonds issued in physical form, whether on Allotment
or on rematerialization of Bonds Allotted in dematerialized form, NHA will issue one certifcate for each
Series of the Bonds to the Bondholder for the aggregate amount of the Bonds that are held by such
Bondholder (each such certifcate, a ConsoIidated Bond Certicate). n respect of the Consolidated
Bond Certifcate(s), NHA will, on receipt of a request from the Bondholder within 30 days of such request,
split such Consolidated Bond Certifcate(s) into smaller denominations in accordance with the applicable
regulations/rules/act, subject to a minimum denomination of one Bond. No fees will be charged for splitting
any Consolidated Bond Certifcate(s) and any stamp duty, if payable, will be paid by the Bondholder.
The request to split a Consolidated Bond Certifcate shall be accompanied by the original Consolidated
Bond Certifcate(s) which will, on issuance of the split Consolidated Bond Certifcate(s), be cancelled by
NHA. 3.2. Face Value: The face value of each Bond is ` 1,000. 3.3. Title: 3.3.1. In case of: i) Bonds
held in the dematerialized form, the person for the time being appearing in the register of benefcial
owners maintained by the Depositories; and ii) Bonds held in physical form, the person for the time
being appearing in the Register of Bondholders as Bondholder, shall be treated as Bondholders for all
purposes by NHA, the Trustee, the Depositories and all other persons dealing with such person as the
holder thereof and its absolute owner for all purposes whether or not it is overdue and regardless of any
notice of ownership, trust or any interest in it or any writing on, theft or loss of the Consolidated Bond
Certifcate issued in respect of the Bonds and no person will be liable for so treating the Bondholder. 3.3.2.
No transfer of title of a Bond will be valid unless and until entered on the Register of Bondholders or the
register of benefcial owners, maintained by the Depositories and/or NHA or the Registrar to the ssue
prior to the Record Date. n the absence of transfer being registered, interest and/or Maturity Amount,
as the case may be, will be paid to the person, whose name appears frst in the Register of Bondholders
maintained by the Depositories and/or NHA and/or the Registrar to the ssue, as the case may be. n
such cases, claims, if any, by the purchasers of the Bonds will need to be settled with the seller of the
Bonds and not with NHA or the Registrar to the ssue. 3.4. Listing: The Bonds will be listed on BSE
and NSE. BSE and NSE have given their in-principle listing approval by its letters dated December 1,
2011 and December 5, 2011 respectively. The Designated Stock Exchange for the ssue is BSE. 3.5.
Market Lot: 3.5.1. The Bonds shall be allotted in physical as well as dematerialized form. As per the
SEB Debt Regulations, the trading of the Bonds shall be in dematerialised form only. Since, the trading
of Bonds is in dematerialize form, tradable lot is one Bond (Market Lot). 3.5.2. For details of Allotment,
please refer Issue Structure beginning on page 43 in the Prospectus Tranche - 1. 3.6. Procedure for
Rematerialisation of Bonds: Bondholders who wish to hold the Bonds in physical form, after having opted
for allotment in dematerialised form may do so by submitting a request to their Depository Participant, in
accordance with the applicable procedure stipulated by the Depository Participant.
4. Transfer of the Bonds, Issue of ConsoIidated Bond Certicates etc: 4.1. Register of Bondholders:
NHA shall maintain at its head offce or such other place as permitted by law a Register of Bondholders
containing such particulars of the legal owners of the Bonds. Further, the register of benefcial owners
maintained by Depositories for any Bond in dematerialized form under Section 11 of the Depositories Act
shall also be deemed to be a Register of Bondholders for this purpose. 4.2. Transfers: 4.2.1. Transfer
of Bonds held in dematerialized form: n respect of Bonds held in the dematerialized form, transfers
of the Bonds may be effected, only through the Depositories where such Bonds are held, in accordance
with the provisions of the Depositories Act and/or rules as notifed by the Depositories from time to
time. The Bondholder shall give delivery instructions containing details of the prospective purchaser's
Depository Participant's account to his Depository Participant. f a prospective purchaser does not have
a Depository Participant account, the Bondholder may rematerialize his or her Bonds and transfer them
in a manner as specifed in 4.2.2 below. 4.2.2. Transfer of Bonds in physical form: The Bonds may
be transferred by way of a duly executed transfer deed or other suitable instrument of transfer as may
be prescribed by NHA for the registration of transfer of Bonds. Purchasers of Bonds are advised to send
the Consolidated Bond Certifcate to NHA or to such persons as may be notifed by NHA from time to
time. f a purchaser of the Bonds in physical form intends to hold the Bonds in dematerialized form, the
Bonds may be dematerialized by the purchaser through his or her Depository Participant in accordance
with the provisions of the Depositories Act and/or rules as notifed by the Depositories from time to time.
4.3. Formalities Free of Charge: Registration of a transfer of Bonds and issuance of new Consolidated
Bond Certifcates will be effected without charge by or on behalf of NHA, but on payment (or the giving
of such indemnity as NHA may require) in respect of any tax or other governmental charges which
may be imposed in relation to such transfer, and NHA being satisfed that the requirements concerning
transfers of Bonds, have been complied with.
5. Application Amount: The Bonds are being issued at par and full amount of face value per Bond is
payable on application. Eligible Applicants can apply for any amount of the Bonds subject to a minimum
application size of 50 Bonds, across any of the Series(s) or a combination thereof. The Applicants will
be allotted the Bonds in accordance with the Basis of Allotment.
6. Deemed Date of Allotment: The Deemed Date of Allotment shall be the date as may be determined
by the Board or Committee and notifed to the BSE and NSE. All benefts under the Bonds including
payment of interest will accrue to the Bondholders from the Deemed Date of Allotment. Actual Allotment
may occur on a date other than the Deemed Date of Allotment.
7. Subscription: 7.1. Period of Subscription: The ssue shall remain open for the period mentioned
below:
Issue Opens on December 28, 2011
Issue Closes on January 11, 2012
The subscription list for the ssue shall remain open for subscription at the commencement of banking
hours and close at the close of banking hours, with an option for early closure (subject to the ssue
being open for a minimum of 3 days) or extension by such period, upto a maximum period of 30 days
from the date of opening of the ssue, as may be decided by the Board of NHA subject to necessary
approvals. n the event of such early closure of the subscription list of the ssue, NHA shall ensure that
public notice of such early closure is published on or before the day of such early date of closure through
advertisement/s in a leading national daily newspaper. 7.2. Underwriting: The ssue is not underwritten.
7.3. Minimum Subscription: n terms of the SEB Debt Regulations, an issuer undertaking a public
issue of debt securities is required to disclose the minimum amount of subscription that it proposes
to raise in the ssue in the offer document. n the event that an issuer does not receive the minimum
subscription disclosed in the offer, all application monies received in the public issue are required to be
refunded forthwith. However, SEB has, through its Letter dated November 17, 2011, exempted NHA
from the requirements of specifying a minimum subscription amount for the issue. Therefore, there is
no minimum subscription amount for the issue.
8. Interest: 8.1. Interest: Tranche 1 and Series 1 and Tranche 1 and Series 2 Bonds shall carry interest
at the coupon rate of 8.20% and 8.30% per annum, respectively, payable annually. The interest shall be
payable on the frst day of October of every year. The frst interest payment will be made on October 1,
2012 for the period commencing from the Deemed Date of Allotment till September 30, 2012. The last
interest payment will be made at the time of redemption of the Bonds for the balance tenure of the Bonds.
nterest is payable to the Bondholders as of the relevant Record Date. 8.2. Day Count Convention:
nterest shall be computed on an actual/actual basis on the principal outstanding on the Bonds. 8.3.
Interest on Application Money: 8.3.1. Interest on application monies received which are used
towards allotment of Bonds: We shall pay interest on application money on the amount allotted, subject
to deduction of income tax under the provisions of the ncome Tax Act, 1961, as amended, as applicable,
to any applicants to whom Bonds are allotted pursuant to the ssue from the date of realization of the
cheque(s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of
submission of each application as duly acknowledged by the Bankers to the ssue) whichever is later upto
one day prior to the Deemed Date of Allotment, at the rate of 8.20% per annum and 8.30% per annum
for Tranche 1 Series 1 and Tranche 1 Series 2 Bonds respectively. We may enter into an arrangement
with one or more banks in one or more cities for direct credit of interest to the account of the applicants.
Alternatively, the interest warrant will be dispatched along with the Letter(s) of Allotment at the sole
risk of the applicant, to the sole/frst applicant. 8.3.2. Interest on application monies received which
are liable to be refunded: We shall pay interest on application money which is liable to be refunded
to the applicants in accordance with the provisions of the SEB Debt Regulations, or other applicable
statutory and/or regulatory requirements, subject to deduction of income tax under the provisions of the
ncome Tax Act, 1961, as amended, as applicable, from the date of realization of the cheque(s)/demand
draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of
each application as acknowledged by the Bankers to the ssue) whichever is later upto one day prior to
the Deemed Date of Allotment, at the rate of 4% per annum. Such interest shall be paid along with the
monies liable to be refunded. nterest warrant will be dispatched/credited (in case of electronic payment)
along with the Letter(s) of Refund at the sole risk of the applicant, to the sole/frst applicant. Provided
that, notwithstanding anything contained hereinabove, NHA shall not be liable to pay any interest on
monies liable to be refunded in case of (a) invalid applications or applications liable to be rejected, and/
or (b) applications which are withdrawn by the applicant. Please refer to Rejection of Application at
page 58 of the Prospectus Tranche - 1.
9. Redemption: 9.1. The face value of the Bonds will be redeemed at par, on the respective Maturity
Dates of each of the Bond Series. 9.2. Procedure for Redemption by Bondholders: The procedure
for redemption is set out below: 9.2.1. Bonds held in electronic form: No action is required on the part
of Bondholders at the time of maturity of the Bonds. 9.2.2. Bonds held in physical form: No action will
ordinarily be required on the part of the Bondholder at the time of redemption, and the Maturity Amount
will be paid to those Bondholders whose names appear in the Register of Bondholders maintained
by NHA on the Record Date fxed for the purpose of redemption. However, NHA may require the
Consolidated Bond Certifcate(s), duly discharged by the sole holder or all the joint-holders (signed on
the reverse of the Consolidated Bond Certifcate(s)) to be surrendered for redemption on Maturity Date
and sent by the Bondholders by registered post with acknowledgment due or by hand delivery to the
Registrar to the ssue or NHA or to such persons at such addresses as may be notifed by NHA from
time to time. Bondholders may be requested to surrender the Consolidated Bond Certifcate(s) in the
manner stated above, not more than three months and not less than one month prior to the Maturity
Date so as to facilitate timely payment.
10. Payments: 10.1. Payment of Interest on Bonds: Payment of interest on the Bonds will be made
to those Bondholders whose name appears frst in the Register of Bondholders maintained by the
Depositories and/or NHA and/or the Registrar to the ssue, as the case may be as, on the Record Date.
Whilst NHA will use the electronic mode for making payments, where facilities for electronic mode of
payments are not available to the Bondholder or where the information provided by the Applicant is
insuffcient or incomplete, NHA proposes to use other modes of payment to make payments to the
Bondholders, including through the dispatch of cheques through courie or registered post to the address
provided by the Bondholder and appearing in the Register of Bondholders maintained by the Depositories
and/or NHA and/or the Registrar to the ssue, as the case may be as, on the Record Date. 10.2. Record
Date: The record date for the payment of interest or the Maturity Amount shall be 15 days prior to the
date on which such amount is due and payable (Record Date). n case of redemption of Bonds, the
trading in the Bonds shall remain suspended between the record date and the date of redemption. 10.3.
Effect of holidays on payments: f the date of interest payment or redemption falls on a Saturday,
Sunday or a public holiday in Delhi or any other payment centre notifed in terms of the Negotiable
nstruments Act, 1881, the succeeding Working Day will be considered as the effective date. n case
the date of payment of interest or principal or any date specifed falls on a holiday, the payment will be
made on the next Working Day, without any interest for the period overdue. 10.4. Whilst NHA will use the
electronic mode for making payments, where facilities for electronic mode of payments are not available
to the Bondholder or where the information provided by the Applicant is insuffcient or incomplete, NHA
proposes to use other modes of payment to make payments to the Bondholders, including through
the dispatch of cheques through courier, or registered post to the address provided by the Bondholder
and appearing in the Register of Bondholders maintained by the Depositories and/or NHA and/or the
Registrar to the ssue, as the case may be as, on the Record Date. n the case of payment on maturity
being made on surrender of the Consolidated Bond Certifcate(s), NHA will make payments or issue
payment instructions to the Bondholders within 30 days from the date of receipt of the duly discharged
Consolidated Bond Certifcate(s). NHA shall pay interest at 2% p.a., over and above the coupon rate of
the relevant Bonds, in the event that such payments are delayed beyond a period of eight days after NHA
becomes liable to pay such amounts. 10.5. NHA's liability to the Bondholders including for payment or
otherwise shall stand extinguished from the Maturity Date or on dispatch of the amounts paid by way of
principal and/or interest to the Bondholders. Further, NHA will not be liable to pay any interest, income
or compensation of any kind accruing subsequent to the Maturity Date.
11. Manner and Mode of Payment: 11.1. Manner of Payment: All payments to be made by NHA to
the Bondholders shall be made in any of the following manners: 11.1.1. For Bonds applied or held
in electronic form: The bank details will be obtained from the Depositories for payments. nvestors
who have applied or who are holding the Bond in electronic form, are advised to immediately update
their bank account details as appearing on the records of their Depository Participant. Failure to do
so could result in delays in credit of the payments to investors at their sole risk and neither the Lead
Managers nor NHA shall have any responsibility and undertake any liability for such delays on part of
the investors. 11.1.2. For Bonds held in physical form: The bank details will be obtained from the
Registrar to the ssue for effecting payments. 11.2. Modes of Payment: The mode of interest/refund/
redemption payments shall be undertaken in the following order of preference: All payments to be made
by NHA to the Bondholders shall be made through any of the following modes: 11.2.1. Direct Credit:
Applicants having bank accounts with the Refund Bank, as per the demographic details received from
the Depositories shall be eligible to receive refunds through direct credit. Charges, if any, levied by the
Refund Bank for the same would be borne by NHA. 11.2.2. NECS: Through NECS for Applicants having
an account at any of the centers notifed by the RB. This mode of payment will be subject to availability
of complete bank account details including the Magnetic nk Character Recognition (MICR) code as
appearing on a cheque leaf, from the Depositories. NHA shall not be responsible for any delay to the
Bondholder receiving credit of interest or refund or Maturity Amount so long as NHA has initiated the
process in time. 11.2.3. Real Time Gross Settlement (RTGS): Applicants having a bank account
with a bank branch which is RTGS enabled as per the information available on the website of RB and
whose payment amount exceeds ` 2.00 lacs shall be eligible to receive refund through RTGS, provided
the demographic details downloaded from the Depositories contain the nine digit MCR code of the
Applicant's bank which can be mapped with the RB data to obtain the corresponding ndian Financial
System Code (IFSC). Charges, if any, levied by the Refund Bank for the same would be borne by us.
Charges, if any, levied by the Applicant's bank receiving the credit would be borne by the Applicant. 11.2.4.
National Electronic Fund Transfer (NEFT): Payment of refund shall be undertaken through NEFT
wherever the Applicants' bank branch is NEFT enabled and has been assigned the FSC, which can
be linked to an MCR code of that particular bank branch. FSC Code will be obtained from the website
of RB as on a date prior to the date of payment of refund, duly mapped with an MCR code. Wherever
the Applicants have registered their MCR number and their bank account number while opening and
operating the benefciary account, the same will be duly mapped with the FSC Code of that particular
bank branch and the payment will be made to the Applicants through this method. The process fow
in respect of refunds by way of NEFT is at an evolving stage and hence use of NEFT is subject to
operational feasibility, cost and process effciency and the past experience of the Registrar to the ssue.
n the event NEFT is not operationally feasible, the payment would be made through any one of the
other modes as discussed in this section. 11.2.5. Cheques or Demand drafts: By cheques or demand
drafts made in the name of the Bondholders whose names appear in the Register of Bondholders as
maintained by NHA and/or as provided by the Depositories. All Cheques or demand drafts as the case
may be, shall be sent by registered/speed post at the Bondholder's sole risk. 11.3. Printing of Bank
Particulars: As a matter of precaution against possible fraudulent encashment of refund orders and
interest/redemption warrants due to loss or misplacement, the particulars of the Applicant's bank account
are mandatorily required to be provided for printing on the orders/warrants. Applications without these
details are liable to be rejected. However, in relation to Applications for dematerialised Bonds, these
particulars will be taken directly from the Depositories. n case of Bonds held in physical form either on
account of rematerialisation or transfer, the Bondholders are advised to submit their bank account details
with the Registrar to the ssue before the Record Date, failing which the amounts will be dispatched to
the postal address of the Bondholders. Bank account particulars will be printed on the orders/warrants
which can then be deposited only in the account specifed.
12. SpeciaI Tax Benet: The Director General of ncome Tax (Exemption), Department of Revenue,
Ministry of Finance, Go in its order dated February 13, 2009 vide order no. DGT(E)/10(23C)(iv/2009
under Section 10 (23C) (iv) of the ncome Tax Act, 1961 has granted exemption to NHA.
13. Taxation: The Bonds are tax free in nature and the interest on the Bonds will not form part of the
total income. For further details, please refer to chapter 'Statement of Tax Benehts" on page 23 in
the Prospectus Tranche - 1.
14. Security: The Bonds issued by NHA will be secured. NHA will create security in favour of Trustee
pursuant to the terms of Shelf Prospectus/ Prospectus Tranche - 1.
15. Events of Default: For details, please refer to the Prospectus.
16. Bondholders Rights, Nomination Etc.: 16.1. Rights of Bondholders: Some of the signifcant
rights available to the Bondholders are as follows: a) The rights, privileges and conditions attached to
the Bonds may be varied, modifed and/or abrogated with the consent in writing of the holders of at least
three-fourths of the outstanding amount of the Bonds or with the sanction of a Special Resolution passed
at a meeting of the concerned Bondholders, provided that nothing in such consent or resolution shall be
operative against NHA, where such consent or resolution modifes or varies the terms and conditions
governing the Bonds, if modifcation, variation or abrogation is not acceptable to NHA. b) The registered
Bondholder or in case of joint-holders, the person whose name stands frst in the Register of Bondholders
shall be entitled to vote in respect of such Bonds, either by being present in person or, where proxies are
permitted, by proxy, at any meeting of the concerned Bondholders summoned for such purpose and every
such Bondholder shall be entitled to one vote on a show of hands and on a poll, his or her voting rights
shall be in proportion to the outstanding nominal value of Bonds held by him or her on every resolution
placed before such meeting of the Bondholders. c) Bonds may be rolled over with the consent in writing
of the holders of at least three-fourths of the outstanding amount of the Bonds or with the sanction of a
Special Resolution passed at a meeting of the concerned Bondholders after providing at least 21 days
prior notice for such roll-over and in accordance with the SEB Debt Regulations. NHA shall redeem
the Bonds of all the Bondholders, who have not given their positive consent to the roll-over. The above
rights of Bondholders are merely indicative. The fnal rights of the Bondholders will be as per the terms
of the Shelf Prospectus, respective Tranche Prospectus and Trust Deed to be executed by NHA with
the Trustee. Special Resolution for the purpose of this section is a resolution passed at a meeting of
Bondholders of at least three-fourths of the outstanding amount of the Bonds, present and voting. 16.3.
Succession: Where Bonds are held in joint names and one of the joint holders dies, the survivor(s) will
be recognized as the Bondholder(s) in accordance with the applicable laws. For further details, please
refer to the Prospectus. 16.4. Nomination Facility to Bondholder: 16.4.1. The sole Bondholder or frst
Bondholder, along with other joint Bondholders (being individual(s)) may nominate any one person (being
an individual) who, in the event of death of the sole holder or all the joint-holders, as the case may be,
shall become entitled to the Bond. Aperson, being a nominee, becoming entitled to the Bond by reason
of the death of the Bondholders, shall be entitled to the same rights to which he will be entitled if he were
the registered holder of the Bond. For further details, please refer to the Prospectus.
17. Trustee: 17.1. NHA has appointed SBCAP Trustee Company Limited to act as the Trustee for the
Bondholders. NHA intends to enter into a Trust Deed with the Trustee, the terms of which will govern
the appointment and functioning of the Trustee and shall specify the powers, authorities and obligations
of the Trustee. For further details, please refer to the Prospectus.
18. Miscellaneous: 18.1. Loan against Bonds: The Bonds can be pledged or hypothecated for obtaining
loans. 18.2. Lien: NHA shall have the right of set-off and lien, present as well as future on the moneys
due and payable to the Bondholder or deposits held in the account of the Bondholder, whether in single
name or joint name, to the extent of all outstanding dues by the Bondholder to NHA. 18.3. Lien on Pledge
of Bonds: Subject to applicable laws, NHA, at its discretion, may note a lien on pledge of Bonds if such
pledge of Bond is accepted by any bank, institution or others for any loan provided to the Bondholder
against pledge of such Bonds as part of the funding. 18.4. Joint-holders: Where two or more persons are
holders of any Bond (s), they shall be deemed to hold the same as joint holders with benefts of survivorship
subject to applicable laws. 18.5. Sharing of Information: NHA may, at its option, use its own, as well
as exchange, share or part with any fnancial or other information about the Bondholders available with
NHA, its SPVs and affliates and other banks, fnancial institutions, credit bureaus, agencies, statutory
bodies, as may be required and neither NHA nor its SPVs and affliates nor their agents shall be liable
for use of the aforesaid information. 18.6. Notices: All notices to the Bondholders required to be given
by NHA or the Trustee shall be published in one national daily newspaper having wide circulation and/
or, will be sent by post/courier to the registered Bondholders from time to time. 18.7. Issue of Duplicate
ConsoIidated Bond Certicate(s): f any Consolidated Bond Certifcate is mutilated or defaced it may
be replaced by NHA against the surrender of such Consolidated Bond Certifcates, provided that where
the Consolidated Bond Certifcates are mutilated or defaced, they will be replaced only if the certifcate
numbers and the distinctive numbers are legible. f any Consolidated Bond Certifcate is destroyed, stolen
or lost then on production of proof thereof to the ssuer's satisfaction and on furnishing such indemnity/
security and/or documents as we may deem adequate, duplicate Consolidated Bond Certifcate(s) shall
be issued. The above requirement may be modifed from time to time as per applicable law and practice.
18.8. Future Borrowings: NHA shall be entitled at any time in the future during the term of the Bonds
or thereafter to borrow or raise loans or create encumbrances or avail of fnancial assistance in any
form, and also to issue promissory notes or bonds or any other securities in any form, manner, ranking
and denomination whatsoever and to any eligible persons whatsoever, subject to applicable consent,
approvals or permission that may be required under any statutory/regulatory/contractual requirement
and to change its capital structure including through the issue of shares of any class, on such terms
and conditions as NHA may deem appropriate, without requiring the consent of, or intimation to, the
Bondholders or the Trustee in this connection. 18.9. Jurisdiction: The Bonds, the Trust Deed, the
Tripartite Agreement and other relevant documents shall be governed by and construed in accordance
with the laws of ndia. For the purpose of this ssue and any matter related to or ancillary to the ssue
the Courts of New Delhi, ndia shall have exclusive jurisdiction.
ISSUE PROCEDURE: NHAI and the Lead Managers would not be liable for any amendment, modifcation
or change in applicable law, which may occur after the date of the Prospectus Tranche - 1. Investors
are advised to make their independent investigations and ensure that their Application does not exceed
the investment limits or maximum number of Bonds that can be held by them under applicable law or
as specifed in the Prospectus Tranche - 1.
19. Availability of Prospectus and Application Forms: The abridged Prospectus containing the salient
features of the Prospectus together with Application Forms and copies of the Prospectus may be obtained
from our Head Offce, Lead Managers to the ssue, Consortium Members for marketing of the ssue, the
Registrar to the ssue, as mentioned on the Application Form. n addition, Application Forms would also
be made available to all the recognised stock exchanges. We may provide Application Forms for being
flled and downloaded at such websites as we may deem ft.
20. Who can apply: The following categories of persons are eligible to apply in the ssue: Category
I: Public Financial nstitutions, Statutory Corporations, Commercial Banks, Co-operative Banks and
Regional Rural Banks, which are authorised to invest in the Bonds; Provident Funds, Pension Funds,
Superannuation Funds and Gratuity Fund, which are authorised to invest in the Bonds;nsurance
companies registered with the RDA; National nvestment Fund; Mutual Funds; Foreign nstitutional
nvestors (including sub-accounts); Companies; bodies corporate and societies registered under the
IN THE NATURE OF ABRIDGED PROSPECTUS (FORM 2A)- MEMORANDUM CONTAINING SALIENT FEATURES OF PROSPECTUS - TRANCHE 1
NATIONAL HIGHWAYS AUTHORITY OF INDIA 5
applicable laws in ndia and authorised to invest in the Bonds; Public/private charitable/religious trusts
which are authorised to invest in the Bonds; Scientifc and/or industrial research organisations, which
are authorised to invest in the Bonds; Partnership frms in the name of the partners; Limited liability
partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008
(No. 6 of 2009); Category II: The following investors applying for and amount aggregating to above ` 5
lakhs across all Series in each tranche Resident ndian individuals; Hindu Undivided Families through
the Karta and Non Resident ndians on repatriation as well as non-repatriation basis. Category III:
The following investors applying for and amount aggregating to upto and including ` 5 lakhs across all
Series in each tranche Resident ndian individuals; Hindu Undivided Families through the Karta and
Non Resident ndians on repatriation as well as non-repatriation basis. Note: Participation of any of the
aforementioned persons or entities is subject to the applicable statutory and/or regulatory requirements in
connection with the subscription to ndian securities by such categories of persons or entities. Applicants
are advised to ensure that applications made by them do not exceed the investment limits or
maximum number of Bonds that can be held by them under applicable statutory and or regulatory
provisions. Applicants are advised to ensure that they have obtained the necessary statutory
and/or regulatory permissions/consents/approvals in connection with applying for, subscribing
to, or seeking allotment of Bonds pursuant to the Issue. The Lead Managers and their respective
associates and affliates are permitted to subscribe in the ssue. The information below is given for the
beneft of the investors. NHA, the Lead Managers are not liable for any amendment or modifcation or
changes in applicable laws or regulations, which may occur after the date of the Prospectus Tranche - 1.
21. Applications cannot be made by: a) Minors without a guardian name; b) Foreign nationals; c)
Persons resident outside ndia other than NRs ; d) Overseas Corporate Bodies.
22. Applications by Mutual Funds: n terms of SEB (Mutual Fund) Regulation, 1996, as amended, no
mutual fund scheme shall invest more than 15% of its NAV in debt instruments issued by a single company
which are rated not below investment grade by a credit rating agency authorised to carry out such activity.
Such investment limit may be extended to 20% of the NAV of the scheme with the prior approval of the
Board of Trustees and the Board of Asset Management Company. Aseparate application can be made
in respect of each scheme of an ndian mutual fund registered with SEB and such applications shall
not be treated as multiple applications. Applications made by the AMCs or custodians of a Mutual Fund
shall clearly indicate the name of the concerned scheme for which application is being made. n case
of Applications made by Mutual Fund registered with SEB, a certifed copy of their SEB registration
certifcate must be submitted with the Application Form. The applications must be also accompanied by
certifed true copies of (i) SEB Registration Certifcate and trust deed (ii) resolution authorising investment
and containing operating instructions and (iii) specimen signatures of authorised signatories. Failing this,
NHA reserves the right to accept or reject any Application in whole or in part, in either case, without
assigning any reason thereof.
23. Application by Commerical Banks, Co-operative Banks and Regional Rural Banks: Commerical
Banks, Co-operative banks and Regional Rural Banks can apply in this public issue based upon their
own investment limits and approvals. The application must be accompanied by certifed true copies of (i)
Board Resolution authorising investments; (ii) Letter of Authorisation. Failing this, NHA reserves the right
to accept or reject any Application in whole or in part, in either case, without assigning any reason thereof.
24. Applications by NRIs: We propose to issue Bonds to NRs on a repatriable as well as non-repatriable
basis.NR applicants should note that only such applications as are accompanied by payment in ndian
Rupees only shall be considered for Allotment. An NR can apply for Bonds offered in the ssue subject
to the conditions and restrictions contained in the FEMA(Borrowing or Lending in Rupees) Regulations,
2000, and other applicable statutory and/or regulatory requirements including the interest rate requirement
as provided in the CBDTNotifcation. Allotment of Bonds to NRs shall be subject to the application monies
paid by the NR as described below: 1. In case of NRIs applying under repatriation basis: If it is received
either by inward remittance of freely convertible foreign exchange through normal banking channels i.e.
through rupee denominated demand drafts/cheque drawn on a bank in ndia or by transfer of funds held
in the investor's rupee denominated accounts i.e. Non Resident External (NRE) account maintained with
an RB authorised dealer or a RB authorised bank in ndia. Payment will not be accepted out of Non-
Resident Ordinary (NRO) Account of the Non-Resident ndians applying on a repatriation basis. Payment
by demand draft by a Non-Resident on repatriable basis should be accompanied by a bank certifcate
confrming that the draft has been issued by debiting a NRE Account. 2. In case of NRIs applying under
non-repatriation basis- f it is received either by inward remittance of freely convertible foreign exchange
through normal banking channels i.e. through rupee denominated demand drafts/cheque drawn on a
bank in ndia or by transfer of funds held in the investor's rupee denominated accounts i.e.. Non-resident
Ordinary (NRO) account and Non Resident External (NRE) maintained with an RB authorised dealer or
a RB authorised bank in ndia. n the case of Bids by NRs applying on a non-repatriation basis, payment
by demand drafts should be accompanied by a bank certifcate confrming that the draft has been issued
by debiting an NRE or a NRO Account. Applications by NRI in physical form shall be submitted only
at the Collection Centres located at Mumbai, Delhi, Ahemdabad, Hyderabad, Chennai, Bangalore,
Chandigarh and Kochi. The Issuer does not make any representations and does not guarantee
eligibility of any foreign investor, including inter-alia NRIs and FIIs for investment into the Issue
either on a repatriation basis or on a non-repatriation basis. All foreign Investors have to verify
their eIigibiIity and ensure compIiance with aII reIevant and appIicabIe RBI - FEMA notications
and guideIines as weII as aII reIevant and appIicabIe SEBI guideIines notications and circuIars
pertaining to their eligibility to invest in the Issue at the stage of investment in every tranche, at
the time of remittance of their investment proceeds as well as at the time of disposal of the Bonds.
The Issuer wiII not check or conrm eIigibity of such investments into the Issue.
25. Issue and Allotment of Bonds to NRI applicants: For details, please refer the Prospectus.
26. Applications by FII: A registered Foreign nstitutional nvestor who purchases the Bonds under
this ssue shall make the payment for purchase of such securities either by inward remittance through
normal banking channels or out of funds held in Foreign Currency Account or Non-resident Rupee
Account maintained by the Foreign nstitutional nvestor with a designated branch of an authorised
dealer in terms of the applicable regulations governing the same. The Issuer does not make any
representations and does not guarantee eligibility of any foreign investor, including inter-alia
NRIs and FIIs for investment into the Issue either on a repatriation basis or on a non-repatriation
basis. All foreign Investors have to verify their eligibility and ensure compliance with all relevant
and appIicabIe RBI - FEMA notications and guideIines as weII as aII reIevant and appIicabIe
SEBI guideIines notications and circuIars pertaining to their eIigibiIity to invest in the Issue at
the stage of investment in every tranche, at the time of remittance of their investment proceeds
as weII as at the time of disposaI of the Bonds. The Issuer wiII not check or conrm eIigibity of
such investments into the Issue.
27. Investments by FIIs: As per the current regulations, the following restrictions are applicable for
investments by Fs: The present limit for investment in corporate debt nstruments like non-convertible
debentures/bonds by Fs is USD 25 billion. Following the announcement by the Union Finance Minister
Shri Pranab Mukherjee in his budget 2011-12, the Government in consultation with the regulators had
raised the limit for F investment in long-term corporate bonds issued by companies in the infrastructure
sector from USD 5 billion to USD 25 billion. This scheme was operationalised vide SEB circular CR/MD/
FC/5/2011 dated March 31, 2011. For further details, please refer to the Prospectus.
28. Application by Insurance Companies: n case of Applications made by insurance companies
registered with the nsurance Regulatory and Development Authority, a certifed copy of certifcate of
registration issued by nsurance Regulatory and Development Authority must be lodged along with
Application Form. The applications must be accompanied by certifed copies of (i) Memorandum and
Articles of Association (ii) Power of Attorney (iii) Resolution authorising investment and containing
operating instructions (iv) Specimen signatures of authorised signatories. Failing this, NHA reserves
the right to accept or reject any Application in whole or in part, in either case, without assigning any
reason thereof.
29. Applications by Trusts: n case of Applications made by trusts, settled under the ndian Trusts
Act, 1882, as amended, or any other statutory and/or regulatory provision governing the settlement of
trusts in ndia, must submit a (i) certifed copy of the registered instrument for creation of such trust, (ii)
Power of Attorney, if any, in favour of one or more trustees thereof, (iii) such other documents evidencing
registration thereof under applicable statutory/regulatory requirements. Failing this, NHA reserves the
right to accept or reject any Applications in whole or in part, in either case, without assigning any reason
therefor. Further, any trusts applying for Bonds pursuant to the ssue must ensure that (a) they are
authorised under applicable statutory/regulatory requirements and their constitution instrument to hold
and invest in bonds, (b) they have obtained all necessary approvals, consents or other authorisations,
which may be required under applicable statutory and/or regulatory requirements to invest in bonds,
and (c) applications made by them do not exceed the investment limits or maximum number of Bonds
that can be held by them under applicable statutory and or regulatory provisions.
30. Applications under Power of Attorney: n case of nvestments made pursuant to a power of attorney
by Category investors, a certifed copy of the power of attorney or the relevant resolution or authority, as
the case may be, along with a certifed copy of the memorandum of association and articles of association
and/or bye laws and/or charter documents, as applicable, must be lodged along with the Application
Form. n case of nvestments made pursuant to a power of attorney by Category and Category
investors, a certifed copy of the power of attorney must be lodged along with the Application Form.
31. Application Size: Applications are required to be for a minimum of 50 Bonds and multiples of 1
Bond thereafter.
32. Application Form: The prescribed colour of the Application Form for the various categories is as
follows:
Category Colour Of
Application Form
*
Following investors under Category : Public Financial nstitutions, Statutory
Corporations, Commercial Banks, Co-operative Banks and Regional Rural Banks,
Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which
are authorised to invest in the Bonds, nsurance companies registered with the
RDA, National nvestment Fund, Mutual Funds and Foreign nstitutional nvestors
which are eligible to invest in the Bonds
Pink
All other category of Investors including eligible NRI applicants, eligible to invest
in the ssue as not covered above.
White
33. Instructions for Completing the Application Form: Applications to be made in prescribed form
only The forms to be completed in block letters in English as per the instructions contained herein and
in the Application Form, and are liable to be rejected if not so completed. Applicants should note that the
Bankers to the ssue will not be liable for errors in data entry due to incomplete or illegible Application
Forms Applications should be in single or joint names not more than three, and in the same order as
their Depository Participant details (in case of applicants opting for allotment in dematerialized form)
and should be applied by Karta in case of HUF Thumb impressions and signatures other than in
English/Hindi/Gujarati/Marathi or any other languages specifed in the 8th Schedule of the Constitution
needs to be attested by a Magistrate or Notary Public or a Special Executive Magistrate under his/her
seal. All Application Forms duly completed together with cheque/bank draft for the amount payable
on application must be delivered before the closing of the subscription list to any of the Bankers to the
Public ssue or collection centre(s) as may be specifed before the closure of the ssue. No receipt will
be issued for the application money. However, Bankers to the ssue and/or their branches receiving
the applications will acknowledge the same by stamping (mandatorily having a date stamp) and
returning the acknowledgement slip to the applicant. Every applicant should hold valid Permanent
Account Number (PAN) and mention the same in the Application Form. All applicants are required to
tick the relevant column of Category of Investor in the Application Form. All Applications by Public
Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative Banks and
Regional Rural Banks, Provident Funds, Pension Funds, Superannuation Funds and Gratuity
Fund, Insurance companies registered with the IRDA, National Investment Fund, Mutual Funds
and Foreign Institutional Investors applicants shall be received only by the Lead Managers and
their respective afIiates. APPLCANTS MAY NOTE THAT THE ALLOTMENT SHALL BE ON THE
BASS AS DESCRBED UNDER THE HEADNG-BASS OF ALLOTMENT. Applications for all the
Series of Bonds may be made in a single Application Form only. NHAI would allot Tranche 1
Series 2 Bonds to all valid applications, wherein the applicants have not indicated their choice
of the relevant series of Bonds in their Application Form.
GENERAL INSTRUCTIONS
34. Dos: Check if you are eligible to apply; Read all the instructions carefully and complete
the Application Form; f the allotment is sought in dematerialized form, ensure that the details about
Depository Participant and Benefciary Account are correct and the benefciary account is active;
Applications are required to be in single or joint names (not more than three) n case of an HUF applying
through its Karta, the Applicant is required to specify the name of an Applicant in the Application Form
as 'XYZ Hindu Undivided Family applying through PQR', where PQR is the name of the Karta; Ensure
that the Applications are submitted to the Bankers to the ssue before the closure of banking hours on
the ssue Closing Date; Ensure that the Applicant's name(s) given in the Application Form is exactly
the same as the name(s) in which the benefciary account is held with the Depository Participant. n
case the Application Form is submitted in joint names, ensure that the benefciary account is also held
in same joint names and such names are in the same sequence in which they appear in the Application
Form. Ensure that you mention your PAN allotted under the T Act, Please note that it is mandatory
for all applicants to furnish their PAN number as per CBDT circular. Ensure that the Demographic
Details as provided in the Application Form are updated, true and correct in all respects. Ensure that
you have obtained all necessary approvals from the relevant statutory and/or regulatory authorities
to apply for, subscribe to and/or seek allotment of Bonds pursuant to the ssue. Applicants Bank
Account Details: The Bonds shall be allotted in dematerialised and physical form. For instructions on
how to apply for Allotment in the physical form, please refer Applications for Allotment of Bonds in
the physical form on page 53 of the Prospectus Tranche - 1. The Applicant should note that on the
basis of the name of the Applicant, Depository Participant's name, Depository Participant's identifcation
number and benefciary account number provided by them in the Application Form, the Registrar to the
ssue will obtain from the Applicant's benefciary account, the Applicant's bank account details. The
Applicants are advised to ensure that bank account details are updated in their respective benefciary
accounts as these bank account details would be printed on the refund order(s), if any. Failure to do so
could result in delays in credit of refunds to Applicants at the Applicants sole risk and neither the Lead
Managers nor NHA nor the Refund Bank nor the Registrar to the ssue shall have any responsibility
and undertake any liability for such delay. Applications under Power of Attorney: Unless NHA
specifcally agree in writing, and subject to such terms and conditions as NHA may deem ft, in the case
of Applications made under power of attorney, a certifed copy of the power of attorney is required to
be lodged separately and relevant documents as specifed on page 50 of the Prospectus Tranche - 1,
along with the submission of the Application Form, indicating the name of the Applicant along with the
address, Application number, date of submission of the Application Form, name of the bank and branch
where it was deposited, cheque/demand draft number and the bank and branch on which the cheque/
demand draft was drawn. Permanent Account Number: All Applicants should mention their PAN
allotted under the ncome Tax Act in the Application Form. n case of joint applicants, the PAN of the all
the Applicants should be provided and for HUFs, PAN of the HUF should be provided. The PAN would
be the sole identifcation number for participants transacting in the securities markets, irrespective of the
amount of the transaction. Any Application Form without the PAN is liable to be rejected. Further as per
CBDT notifcation it is mandatory for all subscribers to provide their PAN numbers to NHA. Applicants
should not submit the GR Number instead of the PAN as the Application is liable to be rejected on this
ground. Joint Applications: Applications may be made in single or joint names (not exceeding three).
n the case of joint Applications, all refunds/interests/redemption amounts will be made out in favour of the
frst Applicant. All communications will be addressed to the frst named Applicant whose name appears
in the Application Form at the address mentioned therein. Multiple Applications: An Applicant may
make multiple applications for the total number of Bonds required and the same shall be considered
valid. For the purposes of allotment of Bonds under the ssue, applications shall be grouped based on
the PAN, i.e. applications under the same PAN shall be grouped together. Two or more applications will
be deemed to be multiple applications if the sole or frst applicant is one and the same. For the sake of
clarity, two or more applications shall be deemed to be a multiple application for the aforesaid purpose if
the PAN number of the sole or the frst applicant is one and the same. Applicants are requested to write
their names and Application serial number on the reverse of the instruments by which the payments are
made. All Applicants are requested to tick the relevant column Category of Investor in the Application
Form. Tick the Series of Bonds in the Application Form that you wish to apply for.
35. Donts: Do not apply for lower than the minimum application size; Do not pay the application amount
in cash, by money order, postal order, stock invest; Do not fll up the Application Form such that the
Bonds applied for exceeds the issue size and/or investment limit or maximum number of Bonds that can
be held under the applicable laws or regulations or maximum amount permissible under the applicable
regulations; and Do not submit the Application Forms without the full Application Amount. For further
instructions, investors are advised to read the Prospectus Tranche -1 and Application Form carefully.
36. Applications for Allotment of Bonds in the physical form: Applicant(s) who wish to subscribe
to, or hold, the Bonds in physical form can do so in terms of Section 8(1) of the Depositories Act and
NHA is obligated to fulfll such request of the Applicant(s). Accordingly, any Applicant who wishes to
subscribe to the Bonds in physical form shall undertake the following steps: (i) PIease compIete the
Application Form in all respects, by providing all the information including PAN and demographic
details. However, do not provide the Depository Participant details in the Application Form. The
requirement for providing Depository Participant details shall be mandatory only for the Applicants who
wish to subscribe to the Bonds in dematerialised form. (ii) Please provide the following documents
along with the Application Form: (a) Self-attested copy of the PAN card; (b) Self-attested copy of
the proof of residence. Any of the following documents shall be considered as a verifable proof of
residence: ration card issued by the Go; or valid driving license issued by any transport authority of
the Republic of ndia; or electricity bill (not older than three months); or landline telephone bill (not
older than three months); or valid passport issued by the Go; or Voter's dentity Card issued by the
Go; or passbook or latest bank statement issued by a bank operating in ndia; or leave and license
agreement or agreement for sale or rent agreement or fat maintenance bill; (c) Self-attested copy of a
cancelled cheque of the bank account to which the amounts pertaining to payment of refunds, interest
and redemption, as applicable, should be credited. The Applicant shall be responsible for providing the
above information accurately. Delays or failure in credit of the payments due to inaccurate details shall be
at the sole risk of the Applicants and neither the Lead Managers nor NHA shall have any responsibility
and undertake any liability for the same. Applications for Allotment of the Bonds in physical form, which
are not accompanied with the aforestated documents, may be rejected at the sole discretion of NHA. n
relation to the issuance of the Bonds in physical form, note the following: (i) An Applicant has the option
to seek Allotment of Bonds in either electronic or physical mode. No partial Application for the Bonds
shall be permitted and is liable to be rejected. (ii) n case of Bonds that are being issued in physical form,
NHA will issue one certifcate to the Bondholder for the aggregate amount of the Bonds for each Series
that are applied for (each such certifcate a ConsoIidated Bond Certicate). (iii) Any AppIicant who
provides the Depository Participant details in the Application Form shall be Allotted the Bonds
in demateriaIised form onIy. Such AppIicant shaII not be AIIotted the Bonds in physicaI form. (iv)
No separate Applications for issuance of the Bonds in physical and electronic form should be made.
f such Applications are made, the Application for the Bonds in physical mode shall be rejected. This
shall be considered as a ground for technical rejection. (v) NHAI shall dispatch the Consolidated Bond
Certifcate to the address of the Applicant provided in the Application Form. All terms and conditions
disclosed in relation to the Bonds held in physical form pursuant to rematerialisation shall be applicable
mutatis mutandis to the Bonds issued in physical form.
37. Applications for Allotment of Bonds in the dematerialised form: As per the provisions of the
Depositories Act, the Bonds can be held in dematerialised form, i.e., they shall be fungible and be
represented by a statement issued through electronic mode. n this context, the Tripartite Agreements
have beenexecuted between NHA, the Registrar to the ssue and the respective Depositories (CDSL/
NSDL) for offering depository option to the Bondholders, for issue and holding the Bonds in dematerialized
form. a) All Applicants can seek Allotment in dematerialised mode or in physical form. Applications made
for receiving Allotment in the dematerialised form without relevant details of his or her depository account
are liable to be rejected. b) An Applicant applying for the Bonds must have at least one benefciary account
with either of the Depository Participants of either of the Depositories, prior to making the Application. c)
The Applicant must necessarily fll in the details (including the Benefciary Account Number and Depository
Participant's identifcation number) in the Application Form. d) Allotment to an Applicant will be credited
in electronic form directly to the benefciary account (with the Depository Participant) of the Applicant.
e) Names in the Application Form should be identical to those appearing in the account details in the
Depositories. n case of joint holders, the names should necessarily be in the same sequence as they
appear in the account details in the Depositories. f) f incomplete or incorrect details are given under the
heading 'Applicant's Depository Account Details', in the Application Form, it is liable to be rejected. g)
The Applicant is responsible for the correctness of his or her demographic details given in the Application
Form vis--vis those with his or her Depository Participant. h) Bonds in electronic form can be traded only
on the stock exchange having electronic connectivity with the Depositories. BSE and NSE, where the
Bonds are proposed to be listed, has electronic connectivity with the Depositories. i) The trading of the
Bonds shall be in dematerialised form only. Allottees will have the option to re-materialise the Bonds
so Allotted as per the provisions of the Depositories Act. In addition to the above, certain additional
documents are required to be submitted by the following entities: (a) With respect to nvestments by Fs
and Mutual Funds, a certifed copy of their SEB registration certifcate must be lodged along with the
Application Form. (b) With respect to nvestments by insurance companies registered with the nsurance
Regulatory and Development Authority, in addition to the above, a certifed copy of the certifcate of
registration issued by the nsurance Regulatory and Development Authority must be lodged along with
the Application Form. (c) With respect to nvestments made by limited liability partnerships registered
under the Limited Liability Partnership Act, 2008, a certifed copy of certifcate of registration issue
PAYMENT INSTRUCTIONS
38. Escrow Mechanism: NHA shall open Escrow Account(s) with one or more Escrow Collection
Bank(s) in whose favour the Applicants shall make out the cheque or demand draft in respect of his or
her Application. Cheques or demand drafts received for the Application Amount from Applicants would
be deposited in the Escrow Account. The Escrow Collection Banks will act in terms of the Prospectus
Tranche-1 and the Escrow Agreement. The Escrow Collection Banks, for and on behalf of the Applicants,
shall maintain the monies in the Escrow Account until the creation of security for the Bonds. NHA shall
open and maintain a separate escrow account with the Escrow Collection Bank(s) in connection with
all application monies received from NRs, (NRI Escrow Account). NHA shall open and maintain a
separate escrow account with the Escrow Collection Bank(s) in connection with all application monies
received from Fs, (FII Escrow Account). For further details, please refer to the Prospectus.
39. Method of payment of purchase consideration for FII: Fs shall make the payment for purchase
of such securities either by inward remittance through normal banking channels or out of funds held in
Foreign Currency Account or Non-resident Rupee Account maintained by the Foreign nstitutional nvestor
with a designated branch of an authorised dealer with the approval of Reserve Bank of ndia. The payment
of the application money shall be made in cheque or demand draft in rupee denominated currency only.
40. Payment into Escrow Account: Each Applicant shall draw a cheque or demand draft for the
Application Amount as per the following terms: a) All Applicants would be required to pay the full Application
Amount for the number of Bonds applied for, at the time of the submission of the Application Form. b)
The Applicants shall, with the submission of the Application Form, draw a payment instrument for the
full Application Amount in favour of the Escrow Account and submit the same to Bankers to the ssue. f
the payment is not made favouring the Escrow Account along with the Application Form, the Application
shall be rejected. c) The payment instruments from non-NR and non-F applicants shall be payable into
the Escrow Account drawn in favour of Escrow Account NHAI Tranche - I. d) The monies deposited
in the Escrow Account will be held for the beneft of the Applicants until the Designated Date. e) The
payment instrument from NR applicants shall be payable in the NR Escrow Account drawn in favour
of NRI Escrow Account NHAI Tranche I. f) The payment instrument from F applicants shall be
payable in the F Escrow Account drawn in favour of FII Escrow Account NHAI Tranche I. g)
On the Designated Date, the Escrow Collection Banks shall transfer the funds from the Escrow Account
as per the terms of the Escrow Agreement into the Public ssue Account with the Bankers to the ssue.
The Escrow Collection Bank shall also refund all amounts payable to Applicants whose Applications
have not been allotted Bonds. h) Payments should be made by cheque, or a demand draft drawn on
any bank (including a co-operative bank), which is situated at, and is a member of or sub-member of
the bankers' clearing house located at the centre where the Application Form is submitted. Outstation
cheques/bank drafts drawn on banks not participating in the clearing process will not be accepted and
applications accompanied by such cheques or bank drafts are liable to be rejected. i) Cash/stock invest/
money orders/postal orders will not be accepted.
41. Submission of Application Forms: All Application Forms duly completed and accompanied by
account payee cheques or drafts shall be submitted to the designated collection banks during the ssue
Period. No separate receipts shall be issued for the money payable on the submission of Application
Form. However, the collection banks will acknowledge the receipt of the Application Forms by stamping
and returning to the Applicants the acknowledgement slip. This acknowledgement slip will serve as the
duplicate of the Application Form for the records of the Applicant. Applications shall be deemed to have
been received by us only when submitted to Bankers to the ssue at their designated branches as detailed
above and not otherwise. All applications by Public Financial Institutions, Statutory Corporations,
Commercial Banks, Co-operative Banks and Regional Rural Banks, Provident Funds, Pension
Funds, Superannuation Funds and Gratuity Fund, Insurance companies registered with the IRDA,
National Investment Fund, Mutual Funds and Foreign Institutional Investors should be made in
the form prescribed for these applicants and shall be received only by the Lead Managers and
their respective afIiates.
42. Online Applications: Lead Managers may decide to offer an online Application facility for the Bonds,
as and when permitted by applicable laws, subject to the terms and conditions prescribed. Accordingly
the investors may download forms for this use and submit the same together with cheques/demand drafts
to the Bankers to the ssue and their collecting centres. However, Public Financial nstitutions, Statutory
Corporations, Commercial Banks, Co-operative Banks and Regional Rural Banks, Provident Funds,
Pension Funds, Superannuation Funds and Gratuity Fund, nsurance companies registered with the
RDA, National nvestment Fund, Mutual Funds and Foreign nstitutional nvestors can apply only through
pink coloured physical application forms provided by the Lead Managers and their respective affliates.
43. Other Instructions: A. Joint Applications: Applications may be made in single or joint names (not
exceeding three). n the case of joint applications, all payments will be made out in favour of the frst
applicant. All communications will be addressed to the frst named applicant whose name appears in
the Application Form and at the address mentioned therein. B. Additional/Muliple Applications: An
applicant is allowed to make one or more applications for the Bonds for the same or other series of Bonds,
subject to a minimum application size of 50 Bonds and in multiples of 1 Bond, for each application. Any
application for an amount below the aforesaid minimum application size will be deemed as an invalid
application and shall be rejected. However, any application made by any person in his individual capacity
and an application made by such person in his capacity as a karta of a Hindu Undivided family and/or as
joint applicant, shall not be deemed to be a multiple application. For the purposes of allotment of Bonds
under the ssue, applications shall be grouped based on the PAN, i.e. applications under the same PAN
shall be grouped together and treated as one application. Two or more applications will be deemed to be
multiple applications if the sole or frst applicant is one and the same. For the sake of clarity, two or more
applications shall be deemed to be a multiple application for the aforesaid purpose if the PAN number
of the sole or the frst applicant is one and the same. C. Depository Arrangements: We have entered
into Tripartite Agreement dated September 1, 2000 among us, the Registrar to the ssue and NSDL and
dated November 17, 2011, among us, the Registrar to the ssue and CDSL, respectively for offering
depository option to the investors and for issue and holding of the Bonds in dematerialised form. As per
the provisions of the Depositories Act, 1996, the Bonds issued by us can be held in a dematerialized
form as described under the heading - Applications for Allotment of Bonds in dematerialized form in
this chapter. D. Communications: All future Communications in connection with Applications made in
the ssue should be addressed to the Registrar to the ssue quoting all relevant details as regards the
applicant and its application. Applicants can contact the Compliance Offcer of NHA/Lead Managers or the
Registrar to the ssue in case of any Pre-ssue related problems. n case of Post-ssue related problems
such as non-receipt of Allotment Advice/credit of Bonds in depository's benefciary account/refund orders,
etc., applicants may contact the Compliance Offcer of NHA/Lead Managers or Registrar to the ssue.
IN THE NATURE OF ABRIDGED PROSPECTUS (FORM 2A)- MEMORANDUM CONTAINING SALIENT FEATURES OF PROSPECTUS - TRANCHE 1
NATIONAL HIGHWAYS AUTHORITY OF INDIA 6
44. Rejection of Applications: NHA reserves its full, unqualifed and absolute right to accept or reject
any Application in whole or in part and in either case without assigning any reason thereof. Application
would be liable to be rejected on one or more technical grounds, including but not restricted to: Number of
Bonds applied for is less than the minimum Application size; Applications not duly signed by the sole/joint
Applicants; Application amount paid not tallying with the number of Bonds applied for; Applications for
a number of Bonds which is not in a multiple of one; nvestor category not ticked; Bank account details
not given; Applications by persons not competent to contract under the ndian Contract Act, 1872, as
amended, including a minor without a guardian name; n case of Applications under Power of Attorney
where relevant documents not submitted; Application by stock invest or accompanied by cash/money
order/postal order; Applications without PAN; GR number furnished instead of PAN; Applications
for amounts greater than the maximum permissible amounts prescribed by applicable regulations;
Applications by persons/entities who have been debarred from accessing the capital markets by SEB;
Applications by any persons outside ndia, barring applications made by NRs on a non-repatriable and
applications made by NRs under a repatriable basis and Fs as described above; For option to hold
Bonds in electronic/dematerialised form, Depository Participant identifcation number, Client D and PAN
mentioned in the Application Form do not match with the Depository Participant identifcation number,
Client D and PAN available in the records with the depositories; Application under power of attorney
or by limited companies, corporate, trust etc., where relevant documents are not submitted; Address
not provided in case of exercise of option to hold Bonds in physical form; Copy of KYC documents not
provided in case of option to hold Bonds in physical form; and Public Financial nstitutions, Statutory
Corporations, Commercial Banks, Co-operative Banks Regional Rural Banks, Provident Funds, Pension
Funds, Superannuation Funds and Gratuity Fund, nsurance companies registered with the RDA, National
nvestment Fund, Mutual Funds and Foreign nstitutional nvestors applications not procured by the Lead
Managers or their respective affliates. Applications made by investors belonging to a particular Category
on an application form meant for other applicants and vice-versa. Bank certifcate not provided along
with demand draft for NR Applicants. n case of NR applications if the money is received from NRO
account and the account number (in case of application in physical form) mentioned in the application
form is a repatriable account or the status of the demat account mentioned is repatriable. n case of NR
applications, applying in physical form, submitted at collection centres other than the centres designated
for submitting the application forms by NR applicants applying in physical form. The collecting bank shall
not be responsible for rejection of the Application on any of the technical grounds mentioned above.
Application Forms received after the closure of the ssue shall be rejected. n the event, if any Bond(s)
applied for is/are not Allotted, the Application monies in respect of such Bonds will be refunded, as may
be permitted under the provisions of applicable laws.
45. Basis of Allotment: The subscription list for the ssue shall remain open for subscription at the
commencement of banking hours and close at the close of banking hours, with an option for early closure
(subject to the ssue being open for a minimum of 3 days) or extension by such period, upto a maximum
period of 30 days from the date of opening of the ssue, as may be decided by the Board of NHA subject
to necessary approvals. n the event of such early closure of the subscription list of the ssue, NHA
shall ensure that public notice of such early closure is published on or before the day of such early date
of closure through advertisement/s in a leading national daily newspaper. The issue shall remain open
for subscription for a minimum period of 3 days. Further, allotment shall be made on frst cum frst serve
basis for Category and Portion and proportionate basis for Category Portion. 45.1. Grouping of
Applications and Allocation Ratio: Applications received from various applicants shall be grouped
together on the following basis: i) Applications received from Category I applicants: Applications received
from Category , shall be grouped together, (Category I Portion); ii) Applications received from Category
II applicants: Applications received from Category shall be grouped together, (Category II Portion);
iii) Applications received from Category III applicants: Applications received from Category applicants
shall be grouped together, (Category III Portion). For removal of doubt, Category Portion, Category
Portion and the Category Portion are individually referred to as Portion and collectively referred
to as Portions. For the purposes of determining the number of Bonds available for allocation to each
of the abovementioned Categories, NHA shall have the discretion of determining the number of Bonds
to be allotted over and above the Base ssue Size, in case NHA opts to retain any oversubscription in
the ssue upto the Shelf Limit of ` 10,00,000 lakhs. The aggregate value of Bonds decided to be allotted
over and above the Base ssue Size, (in case NHA opts to retain any oversubscription in the ssue), and/
or the aggregate value of Bonds upto the Base ssue Size shall be collectively termed as the Overall
Issue Size. 45.2. Allocation Ratio: Reservations shall be made for each of the Portions in the below
mentioned format and shall be indicated at the relevant Tranche Prospectus(es):
Particulars Category I Category II Category III
*
Size in % 40% of the Overall ssue Size 30%of the Overall ssue Size 30% of the Overall ssue Size
* For Category III, the allotment shall be done on a proportionate basis.
45.3. Basis of Allotment for Bonds: (a) Allotments in the frst instance: i. Applicants belonging to the
Category , in the frst instance, will be allocated Bonds upto 40% of Overall ssue Size on frst come frst
serve basis (determined on the basis of date of receipt of each application duly acknowledged by the
Bankers to the ssue); ii. Applicants belonging to the Category , in the frst instance, will be allocated
Bonds upto 30% of Overall ssue Size on frst come frst serve basis (determined on the basis of date
of receipt of each application duly acknowledged by the Bankers to the ssue); iii. Applicants belonging
to the Category , in the frst instance, will be allocated Bonds upto 30% of Overall ssue Size on
proportionate basis; (b) Under Subscription: f there is any under subscription in any Portion, priority in
allotments will be given in the following order: i. Category Portion; ii. Category Portion; iii. Category
Portion (c) For Category Portion and Category Portion, all applications received on the same day
by the Bankers to the ssue would be treated at par with each other. (d) Minimum allotments of 1 Bond
and in multiples of 1 Bond thereafter would be made in case of each valid application. (e) Allotments in
case of oversubscription: n case of an oversubscription in Category Potion and Category Portion,
allotments to the maximum extent, as possible, will be made on a frst-come frst-serve basis and thereafter
on proportionate basis, i.e. full allotment of Bonds to the applicants on a frst come frst basis up to the
date falling 1 (one) day prior to the date of oversubscription and proportionate allotment of Bonds to
the applicants on the date of oversubscription (based on the date of submission of each application to
the Bankers to the ssue, in each Portion). n case of oversubscription in Category Portion, all valid
applications received during the ssue Period, shall be treated at par and considered for allotment on a
proportionate basis. (f) Proportionate Allotments: For Category Portion, all valid applications received
during the ssue Period shall be considerd for allotment on a proportionate basis. For each PortionCategory
and Portion, on the date of oversubscription, allotment shall be made on a proportionate basis. The
method of proportionate allotment is as described below: i. Allotments to the applicants shall be made
in proportion to their respective application size, rounded off to the nearest integer, ii. If the process of
rounding off to the nearest integer results in the actual allocation of Bonds being higher than the Issue
size, not all applicants will be allotted the number of Bonds arrived at after such rounding off. Rather,
each applicant whose allotment size, prior to rounding off, had the highest decimal point would be given
preference, iii. n the event, there are more than one applicant whose entitlement remain equal after
the manner of distribution referred to above, NHA will ensure that the basis of allotment is fnalised by
draw of lots in a fair and equitable manner. (g) Applicant applying for more than one series of Bonds:
f an applicant has applied for more than one series of Bonds, and in case such applicant is entitled to
allocation of only a part of the aggregate number of Bonds applied for, the Series-wise allocation of Bonds
to such applicants shall be in proportion to the number of Bonds with respect to each Series, applied
for by such applicant, subject to rounding off to the nearest integer, as appropriate in consultation with
SBCAP, AK Capital and Designated Stock Exchange. All decisions pertaining to the basis of allotment
of Bonds pursuant to the ssue shall be taken by NHA in consultation with the SBCAP, AK Capital and
the Designated Stock Exchange and in compliance with the aforementioned provisions of the Prospectus
Tranche - 1. NHA has the discretion to close the ssue irrespective of whether any of the Portion(s)
are fully subscribed. NHA would allot Tranche 1 Series 2 Bonds to all valid applications, wherein the
applicants have not indicated their choice of the relevant Series of Bonds. NHA shall fnalise the Basis
of Allotment in consultation with the SBCAP, AK Capital and the Designated Stock Exchange and in
compliance with the aforementioned provisions. The Designated Stock Exchange along with NHA,
SBCAP, AK Capital and the Registrar shall be responsible for ensuring that the Basis of Allotment is
fnalised in a fair and proper manner.
46. Allotment Advice/Refund Orders: The unutilised portion of the application money will be refunded
to the applicant by an A/c Payee cheque/demand draft. n case the at par facility is not available, NHA
reserves the right to adopt any other suitable mode of payment. We may enter into an arrangement with
one or more banks in one or more cities for refund to the account of the applicants through Direct Credit/
RTGS/NEFT. NHA shall credit the allotted Bonds to the respective benefciary accounts/dispatch the
Letter(s) of Allotment or Letter(s) of Regret/Refund Orders to all applicants by Registered Post/Speed
Post at the applicant's sole risk, within 30 days from the date of closure of the ssue. Further, a) Allotment
of Bonds offered to the public shall be made within a time period of 30 days from the date of closure of
the ssue; b) Credit to demat account will be given within 2 working days from the date of allotment c)
nterest at a rate of 15 per cent per annum will be paid if the allotment has not been made and/or the
Refund Orders have not been dispatched to the applicants within 30 days from the date of the closure
of the ssue, for the delay beyond 30 days. d) NHA will provide adequate funds to the Registrars to
the ssue, for this purpose.
47. FiIing of the tranche prospectus(es) with the Stock Exchanges: A copy of the tranche
prospectus(es) shall be fled with the BSE and NSE.
48. Pre-Issue Advertisement: NHA shall, on or before the ssue Opening Date, publish a pre- ssue
advertisement, in the form prescribed by the SEB Debt Regulations, in one national daily newspaper
with wide circulation.
49. IMPERSONATION: Any person who: a) makes in a fctitious name, an application to NHAI for
acquiring or subscribing for, any shares therein, or b) otherwise induces NHAI to allot, or register any
transfer of shares, therein to him, or any other person in a fctitious name, shall be punishable with
imprisonment for a term which may extend to fve years.
50. Listing: The Bonds will be listed on BSE and NSE. f the permission to deal in and for an offcial
quotation of the Bonds is not granted by BSE and NSE, we shall forthwith repay, without interest, all
such moneys received from the Applicants in pursuance of the Prospectus Tranche-1. NHA shall use
best efforts to ensure that all steps for the completion of the necessary formalities for listing at the Stock
Exchange are taken within ffteen Working Days from the date of Allotment.
51. Utilisation of Application Money: The sums received in respect of the ssue will be kept in the
Escrow Account and NHA will have access to such funds only after creation of security for the Bonds and
as per applicable provisions of law(s), regulations and approvals. NHA shall at all times ensure that any
monies kept in the NR Escrow Account shall be utilised only in accordance with the FEMA (Borrowing
and Lending in Rupees) Regulations, 2000 and other applicable statutory and/or regulatory requirements.
52. Undertaking by the Issuer: We undertake that: a) the complaints received in respect of the ssue
shall be attended to by us expeditiously and satisfactorily; b) we shall take necessary steps for the
purpose of getting the Bonds listed within the specifed time; c) the funds required for dispatch of refund
orders/allotment advice/certifcates by registered post shall be made available to the Registrar to the
ssue by NHA; d) necessary cooperation to the credit rating agency(ies) shall be extended in providing
true and adequate information until the debt obligations in respect of the Bonds are outstanding; e) we
shall forward the details of utilisation of the funds raised through the Bonds duly certifed by our statutory
auditors, to the Trustee at the end of each half year; f) we shall disclose the complete name and address
of the Trustee in our annual report; and g) we shall provide a compliance certifcate to the Trustee (on an
annual basis) in respect of compliance of with the terms and conditions of issue of Bonds as contained
in the tranche prospectus(es). We shall make necessary disclosures/ reporting under any other legal or
regulatory requirement as may be required by NHA from time to time.
FOR FURTHER DETAILS, PLEASE REFERTOTHE PROSPECTUS
LEAD MANAGERSTOTHE ISSUE* REGISTRAR TO THE ISSUE COMPLIANCE OFFICER
Mr. S.K. Chauhan, Manager (Finance & Accounts),
National Highways Authority of ndia,
Head Offce, G - 5 & 6, Sector 10, Dwarka
New Delhi 110 075.
Tel.: +91 11 2507 4100/4200, Extension: 2479,
Fax: +91 11 2509 3517, Email: compliancetfb@nhai.org
Investors may contact the CompIiance Ofcer or the Registrar to the Issue
in case of any pre-Issue or post-Issue related problems such as non-receipt
of Ietters of aIIotment, credit of aIIotted Bonds in the respective beneciary
account or refund orders, etc.
SBI CAPITAL MARKETS LIMITED
202, Maker Tower E, Cuffe Parade, Mumbai 400 005
Tel: +91 22 2217 8300; Fax: + 91 22 2218 8332
Email: nhaibonds@sbicaps.com
nvestor Grievance Email: investor.relations@sbicaps.com
Website: www.sbicaps.com
Contact Person: Mr. Puneet Deshpande/Ms. Shikha Agarwal
Compliance Offcer: Mr. Bhaskar Chakraborty
SEB Registration No.: NM000003531**
A.K. CAPITAL SERVICES LIMITED
30-39 Free Press House, 3rd Floor, Free Press Journal Marg, 215, Nariman Point,
Mumbai 400 021
Tel: +91 22 6754 6500/6634 9300; Fax: +91 22 6610 0594;
Email: nhaidipo@akgroup.co.in
nvestor Grievance Email: investor.grievance@akgroup.co.in
Website: www.akcapindia.com
Contact Person: Mr. Hitesh Shah
Compliance Offcer: Mr. Vikas Agarwal
SEB Registration No.: NM000010411
MCS LIMITED
F-65, 1st Floor, Okhla ndustrial Phase , New Delhi - 110 020
Tel: +91 11 41406149 - 52; Fax: +91 11 41709881
Email: admin@mcsdel.com
nvestor Grievance Email: mcscomplaintsdel@mcsdel.com
Website: www.mcsdel.com
Contact Person: Mr. Sibhabrata Biswas
SEBI Registration No.: NR000000056
LEAD MANAGERSTOTHE ISSUE DEBENTURE TRUSTEE
*Lead Managers to the Issue are also Consortium Members for marketing of the
Issue. ** The SEBI registration of one of the Lead Managers to the Issue, SBI Capital
Markets Limited was valid up to July 31, 2011. The application for renewal of the
certifcate of registration in the prescribed manner has been made by SBI Capital
Markets Limited on April 29, 2011, to SEBI, three months before the expiry of the
period of the certifcate as required under Regulation 9(1) of the SEBI (Merchant
Bankers) Regulations, 1992. The approval of SEBI in this regard is currently
awaited. *** For marketing only. #SBICAP Trustee Company Limited, (wholly owned
subsidiary of SBI Capital Markets Limited, one of the Lead Managers) has by its
letter dated November 11, 2011 given its consent for its appointment as Debenture
Trustee to the Issue (and each Tranche Issue) and for its name to be included in the
Prospectus and in all the subsequent periodical communication sent to the holders
of the Bonds issued pursuant to this Issue.
ICICI SECURITIES LIMITED***
CC Centre, H.T. Parekh Marg Churchgate,
Mumbai 400 020
Tel: +91 22 2288 2460; Fax: + 91 22 22826580
Email: nhaibonds@icicisecurities.com
nvestor Grievance Email: customercare@icicisecurities.com
Website: www.icicisecurities.com
Contact Person: Mr. Manvendra Tiwari / Mr. Mangesh Ghogle
Compliance Offcer: Mr. Subir Saha
SEBI Registration No.: NM000011179
KOTAK MAHINDRA CAPITAL COMPANY LIMITED***
1st Floor, Bakhtawar, 229, Nariman Point,
Mumbai 400 021
Tel.: +91 22 6634 1100; Fax.: +91 22 22840492
Email: nhai.bonds@kotak.com
Website: www.kotak.com
Contact Person: Mr. Chandrakant Bhole
nvestor Grievance D: kmccredressal@kotak.com
Compliance Offcer: Mr. Ajay Vaidya
SEB Registration No.: NM000008704
SBICAP TRUSTEE COMPANY LIMITED
#
Khetan Bhavan, 5th Floor,
198, J.T.Road, Churchgate,
Mumbai - 400 020.
Tel: +91 22 4302 5555; Fax: +91 22 4302 5500
Email: corporate@sbicaptrustee.com
nvestor Grievance Email: nvestor.cell@sbicaptrustee.com
Website: www.sbicaptrustee.com
Contact Person: Mr. Vishwas G. Pathak/Mrs. Rupali Patil
SEB Registration No.: ND000000536
ESCROW COLLECTION BANKS/BANKERS TO THE ISSUE: Union Bank of India, M-11, 2ND Floor, Middle Circle, Connaught Circus, New Delhi 110 001. Tel.: +91 11 23414229, 3685, 87, Fax: +91 11 23413686, E-mail: hkbehra@unionbankofndia.com; Website: http://unionbankofndia.com, Contact Person: Mr. H.K. Behra, General Manager; Syndicate Bank, Regional Offce, Sarojini House, 6, Bhagwan Das Road, New
Delhi 110 001, Tel.: +91 11 23389665, Fax: +91 11 23383796, Mobile: 9968309173, E-mail: dl.9105delro@syndicate.co.in, Website: www.syndicatebank.in, Contact Person: Mr. S.K. Bhatia, Chief Manager; Axis Bank Limited, Janakpuri Branch, Sol D 207, C3/21, Janakpur, New Delhi 110058, Tel.: +91 11 41587428, 7429, 7430, Fax: + 11 25545158, E-mail: janakpuri.operationshead@axisbank.com, Janakpuri.branchhead@
axisbank.com, Contact Person: Mr. Bipin Pal Singh, Sr. Manager & Operations Head, Tel. (Direct): +91 11 41576673, Mbl: 9582802072, Mr. Shailendra Gahlot, Dy. Vice Presiding & Branch Head, Tel. (Direct): +91 11 41576677, Mbl: 9582802071; State Bank of India, Capital Market Branch, Videocon Heritage (Killie House), Ground Floor, Charantjit Rai Marg, Mumbai 400 001. Tel.: +91 22 22094932/22094927, Fax: +91 22
22094921/22094922, E-mail: nib.11777@sbi.co.in, sbi11777@yahoo.co.in, Website: www.statebankofndia.com, Contact Person: R. K. Prasad; ICICI Bank Limited, Capital Market Division, Rajabahadur Mansion, 30, Mumbai Samachar Marg, Fort, Mumbai 400001, Tel.: +91 11 66310322/12, Fax: +91 11 66310350, E-mail: anil.gadoo@icicibank.com, Website: www.icicibank.com, Contact Person: Mr. Anil Gadoo; HDFC Bank
Limited, FG OPS Department, Lodha, 1 Think Techno Campus, O-3, Level, Next to Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai 400042. Tel.: +91 22 30752928, Fax: +91 22 25799801, E-mail: uday.dixit@hdfcbank.com, siddharth.jadavh@hdfcbank.com, fgdelhi@hdfcbank.com, himanshu.arora@hdfcbank.com, Website: www.hdfcbank.com, Contact Person : Mr. Uday Dixit
Legal Advisors to the Issuer: M.V. KN & CO., Advocates & Solicitors, Kini House, 6/39 Jungpura-B, New Delhi 100014, Tel: +91 11 2437 1038/39/40, Fax: +91 11 24379484.
Statutory Auditors: As per Section 23 of the NHA Act, the accounts of the Authority shall be maintained and audited in such manner as may, in consultation with the Comptroller and Auditor General of ndia, be prescribed and the Authority shall furnish, to the Central Government before such date as may be prescribed, its audited copy of accounts together with the auditors report thereon.
Independent Auditors of NHAI: ASP & Co., Chartered Accountants, 11A, Govind Mansion, 2nd Floor, H Block, Connaught Circus, New Delhi, Firm Registration No. 000576N.
Bankers to NHAI: Canara Bank, Address: J-6, Community Centre, Rajouri Garden, New Delhi 110027, Tel: +91 1125971004 Fax: +91 11 25971051, E-mail: managercb1386@canarabank.com, Website: www.canarabank.com, Contact Person: Mr. K. Doraiswamy, AGM.Syndicate Bank: Address: Sarojini House, 6 Bhagwandas Road, New Delhi 110001, Tel: +91 11 23384432 Fax: +91 11 23383796, Contact Person Mr. U. S.
Parmar, DGM, Website: www.syndicatebank.in, Email: dl.9105delro@syndicatebank.co.in.
Refund Bank: State Bank of ndia, Capital Market Branch, Videocon Heritage (Killie House), Ground Floor, Charantjit Rai Marg, Mumbai 400 001, Tel.: +91 22 22094932/22094927, Fax: +91 22 22094921/22094922, E-mail: nib.11777@sbi.co.in, sbi11777@yahoo.co.in, Website: www.statebankofndia.com, Contact Person: R. K. Prasad.
Consortium Members for marketing of the Issue: n addition to the Lead Managers, following are also consortium members for marketing of the ssue. SBICAP Securities Limited, Regd. Address: 191, 19th Floor, Maker Tower-'F', Cuffe Parade, Mumbai 400005, Corr. Address: Mafatlal Chambers, 2nd foor, C wing, N M Joshi Marg, Lower Parel, Mumbai 400013, Tel: +91 22 4227 3446; Fax: +91 22 4227 3390, Email: archana.
dedhia@sbicapsec.com, Contact Person: Archana Dedhia, SEB Registration No.: BSE: NB 011053031, NSE: NB 231052938. A. K. STOCKMART PRIVATE LIMITED: Address: 30-39, Free Press House, Free Press Journal Marg, 215, Nariman Point, Mumbai 400 021, Tel. : +91 22 6754 6500; Fax: +91 22 6754 4666, E-mail D: ankit@akgroup.co.in, Website: www.akcapindia.com, Contact person: Mr.Ankit Gupta, SEB
Registration No.: BSE: NB011269538, NSE: NB231269532. KOTAK SECURITIES LIMITED: Address: 3rd Flr, Nirlon House, Dr. Annie Besant Road, Worli, Mumbai- 400025, Tel.: +991 22 66529191; Fax : +91 22 66617041 , E-mail D: sanjeeb.das@kotak.com, nvestor Grievance E-mail D: ipo.redressal@kotak.com, Website: www.kotak.com, Contact person: Sanjeeb Kumar Das, SEB Registration No.: BSE: NB010808153,
NSE: NB230808130. ICICI SECURITIES LIMITED*: CC Centre, H.T. Parekh Marg, Churchgate, Mumbai 400020, Tel: +91 22 2288 2460; Fax: +91 22 22826580, Email: nhaibonds@icicisecurities.com, nvestor Grievance Email: customercare@icicisecurities.com, Website: www.icicisecurities.com, Contact Person: Mr. Mitesh Shah, Compliance Offcer : Mr. Subir Saha, SEB Registration Number: BSE: NB011286854, NSE:
NB230773037. *The same entity is also the Lead Manager to the Issue.
CREDIT RATING AGENCIES: CRISIL LIMITED, CRSL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai 400076, Tel - +91 22 33423000, Fax: +91 22 33421830, Email: crisilratingdesk@crisil.com, Website: www.crisil.com, Contact Person: Mr. Sudip Sural, SEB Registration No.: N/CRA/001/1999. CREDIT ANALYSIS AND RESEARCH LIMITED, B47, 3rd Floor, nner Circle, Connaught Place, New Delhi
1100011, Tel: +91 11 23318701 Fax: +91 11 45333238, Email: jyotsna.gadgil@carerating.com, Website: www.careratings.com, Contact Person: Ms. Jyotsna Gadgil, SEB Registration No.: N/CRA/004/1999, FITCH RATINGS INDIA PRIVATE LIMITED, Apeejay House, 6th Floor, 3-Dinshaw Vaccha Road, Churchgate, Mumbai 400020, Tel: +91 22 40001700; Fax: +91 22 40001701, Email: rajesh.patel@ftchratings.com, Website:
www.ftchindia.com, Contact Person: Mr. Rajesh Patel, SEB Registration No.: N/CRA/002/1999.
RISK FACTORS
Prospective investors should carefully consider all the information in the Prospectus including all the risks
and uncertainties described below and under the chapter Our Business on page 60 and under the section
Financial Information on page F-1of the Shelf Prospectus in addition to the other information contained in the
Shelf Prospectus before making any investment decision in the Bonds. The risks and uncertainties described in
the section are not the only risks that we currently face. Additional risks and uncertainties not known to us or that
we currently believe to be immaterial may also have an adverse effect on results of our operation and physical
execution. If any of the following risks or other risks that are not currently known or are deemed immaterial at this
time, actually occur, results of our operation could suffer, the trading price of the Bonds could decline and you may
lose all or part of your redemption amounts and/or interest amounts. Unless otherwise stated in the relevant risk
factors set forth below, we are not in a position to specify or quantify the fnancial or other implications of any of the
risks mentioned herein. The order of the risk factors appearing hereunder is intended to facilitate ease of reading
and reference and does not in any manner indicate the importance of one risk factor over another. Unless the
context requires otherwise, the risk factors described below apply to us/our operations only.
The Shelf Prospectus also contains forward-looking statements that involve risks and uncertainties. Our actual
results could differ materially from those anticipated in these forward-looking statements as a result of certain
factors, including the considerations described below and elsewhere in the Shelf Prospectus. Potential Investors
must rely on their own examination of NHAI and of this Issue, including the risks and uncertainties involved.
INTERNAL RISKS
1. NHAI and its Subsidiaries are presently involved in a number of civil proceedings, including arbitration
and consumer cases. In the event these cases are decided against us or failure by us to adequately recover
on our claims against the other parties for payment may increase the construction cost of our projects.
The Authority is party to various legal proceedings pending at different levels of adjudication before various courts
and tribunals. f any new developments arise, for example, a change in ndian law or rulings against us by the
appellate courts or tribunals, we may face increase in cost of construction which could increase our expenditure
for that particular project. There is no assurance that similar proceedings will not be decided against us in future
and any adverse decision in such proceedings may have an adverse effect on our operations requiring a larger
outlay to meet our physical targets. For further details, please refer to chapter Outstanding Litigation and
Material Developments on page 104 of the Shelf Prospectus. A. Cases Ied against us: (Rs. in Lakhs)1;
PendingArbitration; 8,39,570.22, 2; Pending Litigation; 93,238.76, 3; Other proceedings (for instance tax authority
demand notices, consumer cases etc.); 2,990.52, TotaI; 9,35,799.50. B. Cases Ied by us: 1; PendingArbitration;
2,29,770.30, 2; Pending Litigation; 3872.52; TotaI, 2,33,642.82. C. Cases Ied against our Subsidiaries: 1;
Pending Arbitration; 1,85,284.00, 2; Pending Litigation; 12,018.77, Total; 1,97,302.77. D. Cases Ied by our
Subsidiaries: 1; PendingArbitration; 14,101.00; 2, Pending Litigation; 154.45, Total; 14,255.45. 2. Our operations
are signihcantly dependent on the funding received fromthe GoI and any delay or decrease in the funding
plan by the GoI may adversely affect our operations. Our operations are very capital intensive and any reduction
in budgetary allocation of capital, funding or grants may materially affect our performance and asset generation
capacity. Our operations could be materially and adversely affected if there are adverse changes in the policies of
the Go which affect the capital and grants made available to us for infusion into our operation. f the Go funding
to us reduces or if there is any downturn in the macroeconomic environment in ndia or in specifc sectors, results
of our operations and future physical performance could be materially and adversely affected. Alarge part of NHA's
funding derives from cess collected by Go. The Go has, under the Central Road Fund Act, 2000, created a non-
lapsable dedicated fund for roads by levying cess on High-Speed Diesel and Petrol at the rate of ` 2.00 per litre
out of which allocation is as under: For ` 1.50 out of ` 2.00 of the cess. 50%of the cess collected fromDiesel
is for rural roads. Balance 50%cess fromDiesel and the entire cess on Petrol, the allocation of funds for different
categories of roads are as under: 57.5%for National Highways 12.5%for Road Over Bridges/Rail Over Bridges
(to be constructed by Railways) 30%for Roads other than National Highways. The balance cess at the rate of
` 0.50 per Iitre (Ievied in 2005-06) is aIIocated excIusiveIy for NationaI Highways. Any adverse change in the
pattern of allocation may reduce the capital availability to NHA and hence materially affect future execution of
projects. Further, we believe that the further development of ndia's infrastructure is dependent on formulation and
effective implementation of State and Central Government programs and policies that facilitate and encourage
private sector investment in infrastructure projects in ndia. Many of these programs and policies are developing
and evolving and their success will depend on whether they are properly designed to address the issues facing
infrastructure development in ndia and are effectively implemented. Additionally, these programs will need continued
support fromstable and experienced regulatory regimes that not only encourage the continued movement of private
capital into infrastructure development but also lead to increased competition, appropriate allocation of risk,
transparency, effective dispute resolution and more effcient and cost-effective services to the end-consumer.
Additionally, policies of the Government which mandate development in certain specifc sectors, or areas, for
instance rural, coastal, border, will affect our projects. n the event that Central and State Government initiatives
and regulations in the infrastructure industry do not proceed in the desired direction, results of our operations could
be materially affected. 3. Our operations may also get affected by an increase in prices of raw materials or
shortages of raw materials which will lead to increase in the cost of construction of road projects. Any
change in broad economic parameters may affect the fnancial viability of some of our projects which are executed
on the BOT/PPP mode which mainly rely on private sector participation. Further, the EPC contracts include
provisions wherein the payment made to the contractors needs to be adjusted as per the market indices such as
WP/CP. These adjustments may lead to further increase in per unit construction cost. 4. Our operations may
also get affected due to inability to manage our growth which could disrupt our business and adversely
affect cost of our project. Our business has grown rapidly since we began our operations. We intend to continue
to growour operations, which could place signifcant demands on our operational, credit, fnancial and other internal
risk controls. t may also exert pressure on the adequacy of our capitalization, making management of asset quality
increasingly important. Our future plan is dependent on our ability to gather Government and other funding for our
growth. Adverse developments in the Government policy or the ndian economy, such as the increase in interest
rates which affect PPP participation, may signifcantly increase our project costs and the overall cost of business.
An inability to manage our growth effectively and failure to secure the required funding therefore on favourable
terms, or at all, could have a material and adverse effect on cost of our projects and their physical execution. 5.
Our operations are dependent on forecasting trafhc volumes for the stretches of National Highways taken
up as individual projects on which NHAI is directly or indirectly collecting Toll/User Fee by way of Toll
Contracts. Any miscalculation or erroneous forecasting or lower actual trafhc volume in future may affect
capital contribution by GoI and consequently our physical execution may be adversely affected. User Fee
IN THE NATURE OF ABRIDGED PROSPECTUS (FORM 2A)- MEMORANDUM CONTAINING SALIENT FEATURES OF PROSPECTUS - TRANCHE 1
NATIONAL HIGHWAYS AUTHORITY OF INDIA 7
generated fromhighway stretches tolled by NHA is remitted to Go and is received back by us in the formof capital
which is a major contribution to our capital. Any material decrease between the actual traffc volume and the
forecasted traffc volume on account of inaccurate forecasting or (any other reason which may cause a difference
between actual and forecasts) may have a material adverse effect on our capital fows and physical performance.
n Fiscal 2011, our collection of User Fee from National Highways was ` 2,21,379.00 lacs that forms our capital
from toll receipts. All toll revenues depend on toll receipts and are affected by changes in traffc volumes. Traffc
volumes are directly or indirectly affected by a number of factors, many of which are outside our control, including:
toll rates; fuel prices in ndia; the affordability of automobiles; the quality, convenience and travel time on
alternate routes outside our network; the availability of alternate means of transportation, including rail networks
and air transport; the level of commercial, industrial and residential development in areas served by our projects;
growth of the ndian economy; adverse weather conditions; and seasonal holidays. Traffc volumes are also
infuenced in case of development/operation of competing roads, by the convenience and extent of a toll road's
connections with other parts of the local and national highway and toll road network, as well as the cost, convenience
and availability of other means of transportation. There can be no assurance that future changes affecting the road
network in ndia, through road additions and closures or through other traffc diversions or redirections, or the
development of other means of transportation, such as air or rail transport, will not adversely affect traffc volume
on our toll roads. Revenue fromtoll receipts is affected by traffc volume and tariff rates, both of which are beyond
our control. The user fee structure is laid down under National Highways (Rate of Fee) Rules, 1997 and National
Highways Fee (Determination of Rates and Collection) Rules, 2008 as amended and is uniformly applicable. n
the event of signifcant decrease in traffc volumes on such stretches of National Highways, the effect of which
cannot be quantifed monetarily, we may experience a corresponding decrease in the ploughed back capital we
receive from Go, which may reduce our future execution capabilities. Further, any change in the applicable toll
policies or other applicable laws which affects the category of vehicle, fuel, road safety etc. may lead to increase
or decrease in the toll revenue and may affect our capital infows thereby affecting our results of operations. 6.
Leakage of trafhc and toll collection may affect volume of collections and inhows which may in turn affect
the ploughed back capital we receive from GoI and our future execution capabilities. The toll receipts are
primarily dependent on the integrity of toll collection systems and any leakage through toll evasion, fraud or technical
faults in the same affects collections and infowsand may affect the ploughed back capital which we receive from
the Go, which will reduce our future execution capabilities. The revenues derived from the collection of tolls may
be reduced by leakage through toll evasion, fraud or technical faults in toll collection systems. f toll collection is
not properly monitored, leakage may reduce toll revenue. Although we have systems in place to minimize leakage
through fraud and pilfering, any signifcant failure by us to control leakage in toll collection systems, though not
quantifable monetarily, could have a material adverse effect on our operations and prospects. Further, any leakage
in the traffc from the non access controlled stretches of National Highways, resulting in avoidance of payment of
Toll/User Fee, may also adversely affect our operations. 7. Fluctuations in interest rate and exchange rate on
our external borrowings may adversely affect our operations. As on June 30,2011, we have outstanding
multilateral external borrowings of ` 58,607.31 lacs (USD 130.07 Millions) fromADB, which carry foating rate of
interest, for part fnancing of Surat-Manor Tollway Project. Any adverse fuctuation in interest rate and exchange
rate may increase the cost of our borrowings, thereby increasing cost of this project. NHA may raise further
borrowings for funding various projects under NHDPand allied programmes. Any upsurge in domestic/international
interest rates may have adverse impact on our cost of borrowings and projects. For further information, please
refer to chapter on Financial Indebtedness on page no 101 of the Shelf Prospectus. 8. We do not own the
logo We may be unable to adequately protect our intellectual property. Furthermore, we may
be subject to claims alleging breach of third party intellectual property rights. We are an autonomous statutory
body, and are the sole users of NHA logo. We have a nationwide grassroots presence and are indentifed by
widespread usage of this logo. However, our logo is not registered and we may be exposed to litigation pertaining
to usage of the same. 9. Our hnancial condition and physical performance could be materially affected, if
we do not complete our projects as planned or if our projects experience delay. There may be a delay in
implementation or completion of projects or a change of scope, due to factors beyond our control or the control of
the contractors/concessionaries like delays or failures to obtain necessary permits, or authorizations. Delays in the
completion of a project may lead to cost overruns. Such delay in completion of the projects may delay the
commencement of our toll collections thereby affecting our operations and physical performance. Further, the Go
grants loan to us for some of our projects. Any delay in the completion of the projects would trigger the delay
mechanism in the underlying contract and contractual repercussions will follow. We have experienced time and
cost overruns in the past. Hence, our operations and fnancials will get adversely affected due to delay in completion
of the projects resulting in increase in the costs for concessionaire and in some situations delay in accrual of
revenue to us. 10. Our business operations will be affected by shortcomings and failures in our internal
processes and systems. Our business is highly dependent on our ability to process and monitor a large number
of projects. Our construction management, data processing or other operating systems and facilities may fail to
operate properly or become disabled as a result of events that are wholly or partially beyond our control, adversely
affecting our ability to process these transactions. As we grow our business, the inability of our systems to
accommodate an increasing volume of projects could also constrain our ability to expand our businesses. Additionally,
shortcomings or failures in our internal processes or systems could lead to an impairment of our fnancial condition,
fnancial loss, disruption of our business and reputational damage. Our ability to operate will depend in part on our
ability to maintain and upgrade our contract management systems and policies on a timely and cost-effective basis.
The information available to and received by our management through our existing systems may not be timely and
suffcient to manage risks or to plan for and respond to changes in market conditions and other developments in
our operations. We may experience diffculties in upgrading, developing and expanding our systems quickly enough
to accommodate our growing customer base and range of products. Our failure to maintain or improve or upgrade
our management information systems in a timely manner could materially and adversely affect our operations. We
may also be subject to disruptions of our operating systems, arising fromevents that are wholly or partially beyond
our control including, for example, computer viruses or electrical or telecommunication service disruptions, which
may result in a loss or liability to us. 11. We have certain contingent liabilities that may adversely affect our
hnancial condition. As on September 30, 2011 we have contingent liabilities aggregating to ` 30,55,379.50 lacs.
Details of our contingent liabilities are as given below: (i) Contingent Liability of NHA with respect to Litigation &
Arbitration: 1; PendingArbitration; 8,39,570.22, 2; Pending Litigation; 93,238.76, 3; Other proceedings (for instance
tax authority demand notices, consumer cases etc.); 2,990.52, Total; 9,35,799.50, (ii) Contingent Liability of NHA
with respect to Contract (EPC) remaining to be executed on capital work amounts to ` 21,19,580.00 lacs. These
contingent liabilities which if determined against us in future may impact our operation. 12. We are exposed to
the risks associated with the non-performance of underlying assets/projects of the SPVs. We have taken
up development of port connectivity projects and expressway by setting up Special Purpose Vehicles (SPVs)
wherein NHA contributes upto 30%of the project cost as equity. Some of these SPVs also have equity participation
by port trusts, State Governments or their representative entities. The SPVs also raise loans for fnancing the
projects. SPVs are authorized to collect user fee on the developed stretches to cover repayment of debts and for
meeting the costs of operations and maintenance. Broadly, NHA has eleven project specifc SPVs, each SPV has
been formed with the specifc intent for raising funds and development of a targeted area i.e. ports. SPVs are legal
entities under the Companies Act having other shareholders. NHA has shareholding which ranges from 37% to
100%in the various SPVs. NHA's equity participation is exposed to the underlying business risk of non-performance
of the SPV's assets, namely port connectivity roads and also to the business risk of non-conformity with the business
thedecisions of the other members of the SPV's board since the SPV board comprises of other entities such as
the Government and certain ports trusts. Since NHA and its SPVs are separate legal entities, NHA is only subject
to the business risks posed by the SPVs to the extent of NHA's equity participation in the same. 13. Some of our
SPVs have incurred losses during the last three hnancial years and for the quarter ending June 30, 2011.
Some of our SPVs have incurred losses during the last three years and for the quarter ending June 30, 2011, as
tabulated below: (` in lacs); S. No.; Names of SPV; Fiscal 2009; Fiscal 2010; Fiscal 2011; Limited Review for
quarter ending June 30, 2011; 1; Vishakhapatnam Port Road Company Limited; (117.57); (579.65); (371.65);
(51.33), 2. Cochin Port Road Company Limited; 0.00
*;
0.00*; (267.56); (559.87), 3. Moradabad Toll Road Company
Limited; (739.98); (1340.68); (354.42); (129.26), 4. Paradip Port Road Company Limited; 0.00*; (2158.91); (2735.33);
(923.46). *The SPVs were at pre-operational stage. 14. In the past, certain accounting standards have not
been followed by us and the impact of which on our hnancial statements cannot be quantihed. Any material
change on account of that may impair our hnancial position.We are not a company incorporated under
Companies Act, and are not mandatorily required to follow AS as issued by CA. We have not followed certain
accounting standards issued by CA and hence the auditors, while preparing their quarterly fnancial statements
for the period ended June 30, 2011 have inserted requisite qualifcation in the audit report. The accounting standards
which has been not followed for the quarter ending June 30, 2011 includes AS 6 Depreciation Accounting, AS
10 - Accounting for FixedAssets, AS11 - The Effects of Changes in Foreign Exchange Rates, AS15 - Employee
Benefts, AS 29 Provisions, Contingent Liabilities and Contingent Assets. However, the impact thereof on the
unaudited fnancial result has not been ascertained which may materially affect our fnancial statements had the
same been provided for. 15. Accounts for the quarter ending June 30, 2011 for NHAI and its Subsidiaries
has been subject to limited review by independent or statutory auditors, as the case may be and has not
been audited. Audited performance may be materially different from the present results. The accounts of
the Authority and the subsidiaries are audited annually by CAG and the auditors appointed by CAG respectively,
and they are not subject to any interim audit. But for the purpose of this ssue, quarterly accounts have been
prepared by us and are subject to limited review by independent auditors and have not been audited by CAG.
Similarly, quarterly accounts of our Subsidiaries are also subject to limited review by independent or statutory
auditors, as the case may be. The auditors have expressed an opinion on the unaudited limited review quarterly
fnancial performance. However, the actual audited performance may be materially different fromthe limited review
results. 16. Our projects under development are subject to construction, hnancing and operational risks.
Our operations risks comprise of project implementation risks and we are subject to this internal risk as the fnal
product is only as viable as its implementation. This is because although the guidelines and the contractual
framework for award of the BOT/DBFOT has been laid down quite well, the institutional mechanismfor monitoring
and enforcement of such projects/contracts is evolving. Such monitoring needs to address two phases of any
contract, i.e. (a) the construction phase and (b) the operations phase. Presently, arrangements for regular monitoring
during both the phases are in place and this is being done through Regional Offces and Project mplementation
units of NHA. Alarge area of internal risk which exists is the compliance with the conditions precedent in the Model
Concession Agreements (MCA) as well as the following: Construction of the project as per the specifed time
schedule and agreed standards, Levy of user charges strictly within the limits specifed in the concession agreement,
Protection of user interests by ensuring that performance standards, safety and other requirements are adhered
to, Preventing misuse of public assets transferred to the concessionaire, Preventing any leakage, diversion or
mis-classifcation or Government revenues, mposing and recovering penalties for breach of contract, Operating
the escrow account in accordance with the terms of the concession agreement, Effective communication and
exchange of information for monitoring and enforcement of obligations, Supervision of the functioning of the
independent engineer with a view to ensuring that it is discharging all its duties. Thus, any inadequate reporting
and monitoring system may affect project implementation. 17. Risks relating to any international regulations,
taxation rules apply as the issue may be marketed to FIIs. The Bonds have not been recommended by any
U.S. federal or state securities commission or regulatory authority. Furthermore, the foregoing authorities have not
confrmed the accuracy or determined the adequacy of the Shelf Prospectus. Any representation to the contrary
is a criminal offence in the United States and may be a criminal offence in other jurisdictions. The Bonds have not
been and will not be registered under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act) or
any state securities laws in the United States and may not be offered or sold within the United States under the
U.S. Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the U.S. Securities Act and applicable state securities laws in the United States. Further, any
person making or intending to make an offer within the European Economic Area (EEA) of Bonds which are the
subject of the ssue contemplated in the Shelf Prospectus should only do so in circumstances in which no obligation
arises for NHA to produce a prospectus for such offer. Additionally, our Bonds are quoted in ndian rupees in ndia
and investors may be subject to potential losses arising out of exchange rate risk on the ndian rupee and risks
associated with the conversion of ndian rupee proceeds into foreign currency.nvestors are subject to currency
fuctuation risk and convertibility risk since the Bonds are quoted in ndian rupees on the ndian stock exchanges
on which they are listed. Returns on the Bonds will also be paid in ndian rupees. The volatility of the ndian rupee
against the U.S. dollar and other currencies subjects investors who convert funds into ndian rupees to purchase
our bonds to currency fuctuation risks. 18. Our insurance coverage may not adequately protect us against
all losses we incur in our operations or otherwise. We maintain or contractually provide for insurance coverage
of the type and in the amounts that we believe are commensurate with our operations. These insurance policies,
however, may not provide adequate coverage in certain circumstances and may be subject to certain deductibles,
exclusions and limits on coverage. n addition, there are various types of risks and losses for which we do not
maintain insurance, such as losses due to business interruption and natural disasters, because they are either
uninsurable or because insurance is not available to us on acceptable terms. Asuccessful assertion of one or more
large claims against us that exceeds our available insurance coverage or results in changes in our insurance
policies, including premium increases or the imposition of a larger deductible or co-insurance requirement, could
adversely affect our physical performance and operations. Further, as an internal policy we make payouts for the
concessionaire's workforce, i.e. if the concessionaire fails to keep in force all insurances for which it is responsible,
NHA, may at its option obtain the insurance policies/pay the insurance premiumand keep the same in force (this
is a short term burden on NHA, though recoverable later). NHA does however have the option to recover the
premium from the concessionaire/contractor. For further details, please refer chapter Our Business on page
60 of the Shelf Prospectus. 19. We do not own the premises from which most of our regional ofhces and
held ofhce(s) operate and this may involve risk of loss of such premise. Our branch offces including regional
offces and project implementation unit offces (totaling to 127) are on lease/leave and license basis. Thus, we do
not own most of our branch offces and our head offce. Any failure on our part to execute and/or renew leave and
license agreements and/or lease deeds in connection with such offces or failure to locate alternative offces in
case of termination of the leases and/or leave and license arrangements in connection with any branch could
adversely affect results of our operations. 20. Our operations are subject to physical hazards and similar risks
that could expose us to material liabilities, reduced inhows and increased execution costs. There are certain
stretches/projects where we are subject to operational risks as well as project implementation risks. Our operations
subject our workforce to hazards inherent in constructing roads, bridges and railway work such as risk of equipment
failure, impact from falling objects, collision, work accidents, fre, or explosion, including hazards that may cause
injury and loss of life, severe damage to and destruction of property and equipment, and environmental damage.
Further, we also assume liability for defects in connection with any design or engineering work provided by the
contractors. Although we sub-contract our construction work, we may still be liable for accidents on our projects,
due to defects in design and quality of construction of our projects, during the construction and operations. Any
delay, default or unsatisfactory performance by any third parties could adversely affect our ability to complete our
projects in a timely manner or at all. Any of the foregoing factors, though not quantifable monetarily, could have a
material adverse affect on fnancial condition, reputation and results of our operations. 21. Our operations could
be adversely affected by strikes, work stoppages or increase wage demands by our or our contractors'
work force or any other kind of disputes involving our work force. We employ signifcant number of workers
directly as well as on contractual basis. These workers may be associated with some workers union. We have not
experienced any materials strikes, work stoppages or action by or with our employees. However, in future, there
can be no assurance that we will not experience any disruptions of operations due to disputes or other problems
with our work force, which may adversely affect our operations. 22. Any inability to attract, recruit and retain
skilled personnel could adversely affect results of our operations. We depend largely on workforce deputed
fromvarious cadres of Government and have considerable skilled manpower deputed to us to enable us to achieve
our objectives. We are also dependent on other key personnel, including skilled project management personnel.
We may experience diffculties in attracting, recruiting and retaining an appropriate number of managers and
engineers for our business needs. We may also need to increase our pay structures to attract and retain such
personnel. Our future performance will depend upon the continued services of these persons. The loss of any of
the members of our senior management, our Members or other key personnel or an inability to manage the attrition
levels in different employee categories may materially and adversely impact our operations. 23. Opposition from
local communities and other parties may adversely affect our operations. The construction and operation of
our current and future projects may face opposition from the local communities where these projects are located
and from special interest groups such as environmental groups. n particular, local communities, individuals, the
forest authorities and other authorities may oppose our operations and land acquisition due to various reasons
including the perceived negative impact such activities may have on the environment etc. Signifcant opposition
by local communities, non-governmental organizations and other parties to the land acquisition process may delay
project implementation and adversely affect our operations. 24. We are subject to internal risks arising from
our business of contract management which may adversely affect our operations. Since we are essentially
in the business of contract management of construction contracts, and as a contract manager, areas of risk are
divided contractually. That is to say that our internal risks are directly linked to the risks of non-performance, default
and disputes arising from the underlying construction contracts. The different kinds of contracts we manage for
our construction activities are as follows: i) BOT/DBFOT Investment by private entities and return through
collection and retention of Toll/User Fees: Private developers/operators, who invest in National Highway projects
on Toll basis, are entitled to collect and retain toll revenues during project concession period. The Toll/User Fee
are determined by Central Government by way of notifcation in offcial gazette in accordance with the applicable
toll rules. Model Concession Agreements (MCAs) have been developed to standardized the contracts, based
on internationally accepted principles and best practices and to facilitate the speedy award of contracts. This
framework has been successfully used for award of concessions for hundreds of the projects. As on August 31,
2011, we have awarded 141 BOT Toll based contracts valued at ` 1,04,98,403.00 lacs. The risks associated with
this model framework of contract execution are provided in paragraph (iii) below. ii) BOT Annuity: Investment
by private entities and return through semi-annual pre-determined annuity payments from NHAI as per
bid. The concessionaire bids for annuity payments from NHA that would cover his cost (construction, operations
and maintenance) and an expected return on the investment. The bidder quoting the lowest annuity is awarded
the project. The annuities are paid semi-annually by NHA to the concessionaire and linked to performance
covenants. The concessionaire does not collect and retain Toll/User Fee under these contracts, hence does not
bear the traffc/tolling risk. As on August 31, 2011, we have awarded 49 BOT Annuity based contracts valued at
` 29,08,138.00 lacs. The risks associated with this model framework of contract execution are provided in paragraph
(iii) below. Hence the risks as elaborated in point (iii) belowwill affect the above volume of BOT Annuity contracts.
iii) Risks arising fromthe Model Concession Agreement. The Road & Highways sector in ndia has witnessed
signifcant investment in recent years. For sustaining the interest of private participants, a clear risk-sharing and
regulatory framework has been spelt out in the Model Concession Agreement (MCA). MCA's risk framework is
briefy discussed below: Land acquisition risk: We are responsible for acquiring the requisite land for the project
highway on behalf of MoRTH and we provide all reasonable support and assistance to the concessionaire in
procuring applicable permits required fromany Government authority/instrumentality. n case of delay in procuring
applicable permits we may have to compensate the concessionaire which may be in form of increase in the
concession period. Force Majeure Risk: Force Majeure risk pervades all through the specifc provisions in MCAs
and it is a major source of risk which directly affects the projects of NHA and affects the output of the organization.
Force Majeure spills over all of the following events which pose a risk to the construction projects execution, namely
any or all of Non-Political Event(s), ndirect Political Event(s) and Political Event(s) occurring in ndia which include
the following: Non-Political Events: act of God, epidemic, extremely adverse weather conditions or radioactive
contamination or ionising radiation, fre or explosion; strikes or boycotts; the discovery of geological conditions,
toxic contamination or archaeological remains on the Site; or any event or circumstances of a nature analogous
to any of the foregoing. Indirect Political Events: an act of war, invasion, armed confict or act of foreign enemy,
blockade, embargo, riot,insurrection, terrorist or military action; civil commotion or politically motivated sabotage
which prevents collection of toll/fees; industry-wide or state-wide or ndia-wide strikes or industrial action which
prevent collection of toll/fees; or any public agitation which prevents collection of toll/fees. Political Events:
Change in Law, compulsory acquisition by any governmental agency of any project assets or rights of
concessionaire or of the Contractors; or unlawful or unauthorised or without jurisdiction revocation of or refusal
to renew or grant without valid cause any consent or approval required by developer. Disputes risk: Any dispute
arising out of or in relation to the concession agreement, between the parties is major internal risk, the mechanism
for the dispute redressal is provided in the MCA. t is to be noted that the risk of disputes arises out of the MCA
and is also addressed by the MCAtemplate itself. t specifes that the parties should attempt to resolve the dispute
amicably and for this purpose, the mandate has been given to an ndependent Engineer to mediate and assist the
parties to arrive at a settlement. The procedure has been laid out in suffcient detail therein. However, upon the
failure of such conciliatory measure, the parties shall resort to Arbitration, which shall be held in accordance with
Arbitration and Conciliation Act, 1996 (based on United Nations Commission on nternational Trade Laws
UNCTRAL model). Such disputes materially affect the project completion and execution and are a major source
of internal risk. For further details, please refer to chapter Outstanding Litigation and Material Developments
on page 104 of the Shelf Prospectus. NHAI Event of Default:n the event of any of the defaults specifed in the
concession agreement which we have failed to cure within 90 days or such longer period as has been specifed
in the agreement, we shall be deemed to be in default and concessionaire shall have the right to terminate the
agreement. Any default by NHA under the agreement materially poses a risk of project non-completion and delay.
Concessionaire Event of Default: The MCA, like any other agreement/contract is under exposure of the
concessionaire defaulting, though there are substitution mechanisms in place. This internal risk may affect the our
project(s) in the short term, however in the long run this risk can be mitigated by prompt and reliable substitution
of a defaulting or non-performing concessionaire. Termination Payment Liability: The MCAprovides for payment
to project lender(s) in case of termination of concession after the completion of the construction, to the extent of
debt due as on the date of termination and the project highway stand transferred to us. This puts additional liability
on us to directly or indirectly operate and maintain the project highway. Contract Monitoring Risk:Atertiary risk
arising from contracts is the risk arising from monitoring of Public Private Partnership Projects (PPP) and any
oversight during implementation.This is because although detailed guidelines have been laid down for award of
contracts to concessionaires, the institutional mechanism for monitoring and enforcement of PPP contracts is yet
to be implemented. A satisfactory reporting format for monitoring on site performance of contracts has to be in
place to mitigate this area of internal risk. Till this procedure is in place, we are exposed to this internal risk. Risk
arising from the international competitive bidding process/Risks associated with consultant selection:
Although the bidding process is well culled out and is divided into two stages of Request For Qualifcation (RFQ)
and the consequent Request For Proposal (RFP) (and amendments to these are project specifc), There is a
risk arising from disclosures made by prospective concessionaires under this bidding process. Particularly if a
wrong disclosure is made and the weighted fnancial score is mis-calculated, the incompetent concessionaire will
come into the picture with relatively lower expertise and affect the execution of the project.Pre-qualifcation on the
basis of technical and fnancial expertise of the frmand its track record in similar projects which meets the threshold
technical and fnancial criteria set out in the RFQ document. Determination of technical and fnancial capacity of
consortiumapplicants in proportion to the committed equity holding of each consortiummember in the project SPV.
Other risks and risk mitigation mechanisms in the MCA template:Revenue realisation in BOT-Toll projects
is subject to some key risks including, but not limited to variation in traffc, variation in toll rates and premature
termination The concession agreement provides for various risk mitigation mechanisms to the concessionaire
including change in concession period, differential toll rates that are linked to cost of different road structures under
the new toll rules (linear alignment, bridges, tunnels, bypasses etc.) to providing for termination payments under
force majeure events, additional toll way, occurrence of on account of certain events. The concession agreement
provides for extension or reduction of the concession period in the event the actual traffc falls short or exceeds
the target traffc, as estimated on the target date. Insurance liability for the employees of concessionaire in
case of default: f the concessionaire fails to keep in force all insurances for which it is responsible, NHA, shall
be bound to pay the insurance premium and keep the same alive (this is a short term burden on NHA, though
recoverable later). NHA does however have the option to recover the premium from the concessionaire or to
deduct it from subsequent payment. iv) Operate,Maintain and Transfer (OMT) contracts: We have also taken
up award of selected highway projects to private sector players under an OMT Concession. Till recently, the tasks
of toll collection and highway maintenance were entrusted to tolling agents/operators and subcontractors,
respectively. These tasks have been integrated under the OMTconcession. Under this concession private operators
would be eligible to collect tolls on these stretches for maintaining highways and providing essential services (such
as emergency/ safety services). The OMT concession would be for a maximum period of 9 years. As on August
31, 2011, we have awarded 6 OMT contracts valued at ` 12,099.00 lacs. Under the OMT, we are exposed to the
following risks: Under the OMT agreement we have to procure the right of way to the site as a condition precedent
within a specifed period of time. Any delay in procuring this right of way will entitle the concessionaire to claim
damages at a specifed percentage of the performance security. We also undertake the risk to maintain and
protect the construction works during of period of suspension of the concessionaire. This may involve exposure to
high watch and works costs. n the event of default or breach of the agreement by us, our liability is computed
keeping all direct costs suffered by the concessionaire as a consequence of such breach. This compensation may
also include interest payment on debt, operation and O&M expenses. f the concessionaire fails to keep in force
all insurances for which it is responsible, we are bound to either pay the insurance premium and keep the same
alive (this is a short term burden on NHA, though recoverable later). We do however have the option to recover
the premium from the concessionaire or to deduct it from subsequent payment. 25. No Debenture Redemption
Reserve (DRR) for the Bonds is proposed to be maintained for the present issue of Bonds and the
Bondholders may hnd it difhcult to enforce their interests in the event of or to the extent of a default. The
obligation to maintain a DRR is applicable only to Companies registered under The Companies Act. From the
defnitions laid down by SEB under SEB Debt Regulations, it may be observed that the defnition of issuer includes
a company. Certain mandatory requirements are required of all issuers whereas certain requirements like creation
of a DRR is required only if the issuer is a company. The termissuer is much wider tends to include public sector
undertakings and statutory corporations besides companies. NHA is a statutory authority making a public issuance
of debt securities and so it falls under the defnition of issuer but it is not a company. Hence, NHA being an
issuer but not a company, the requirement to maintain a DRR in compliance under section 117C of the
Companies Act is not applicable to it. Creation of a debenture redemption reserve is a requirement of public
issuances under Section 117Cof the Companies Act. ssuer companies are required under this section to maintain
a DRR out of their yearly profts by crediting 'adequate' amounts to the DRR. Hence, even in cases where a
company is maintaining a DRR, in a certain year it may not credit any amount to the DRR if there are no profts in
that year. Since there is no obligation on NHA under the SEB Debt Regulations, NHA is not maintaining a DRR
for the present issue of Bonds and the Bondholders may fnd it diffcult to enforce their interests in the event of or
to the extent of a default.
RISKS RELATINGTOTHE UTILIZATION OF ISSUE PROCEEDS: 26. The fund requirement and deployment
mentioned in the Objects of the Issue have not been appraised by any bank or any hnancial institution.
We intend to deploy the ssue proceeds towards part fnancing of the various projects being implemented by us
under the NHDP and other National Highways projects as approved by the Go. For further details, please refer
to the section titled Objects of the Issue beginning on page 47 of the Shelf Prospectus. The fund requirement
and deployment is based on internal management estimates and has not been appraised by any bank or fnancial
institution. The management will have signifcant fexibility in applying the proceeds received by us fromthe ssue.
Further, as per the provisions of the SEB Debt Regulations, we are not required to appoint a monitoring agency
and therefore no monitoring agency has been appointed for this ssue.
RISKS RELATING TO INVESTMENT IN BONDS: 27. There has been no prior public market for the Bonds.
The present Bonds have no established trading market. Even if such market for the Bonds was to develop there
is no obligation on us to maintain such market. The liquidity and market prices of the Bonds can be expected to
vary with changes in market and economic, our fnancial conditions and prospects and other factors that generally
infuence market prices. Such fuctuations may signifcantly affect the liquidity and market prices of Bonds which
may trade at a discount to the price at which such Bonds were purchased. 28. There is a risk of volatility in
the price of the Bonds. All extraneous factors which infuence the bond market will affect the present Bonds.
The pricing will be subject to factors affecting the general economic condition in ndia and in the global fnancial
markets. Further any downgrading in the rating of our bonds will affect the price of the bonds. All securities where
a fxed rate of interest is offered, such as our Bonds are subject to price risk. The price of such securities will vary
inversely with changes in prevailing interest rates, i.e. when interest rates rises, prices of fxed income securities
fall and when interest rates drop, the prices increase. The extent of fall or rise in the prices is a function of the
existing coupon, days to maturity and the increase or decrease in the level of prevailing interest rates. ncreased
rates of interest, which accompany infation and/or a growing economy, may have a negative effect on the price of
our bonds. 29. Any downgrading in credit rating of the Bonds may affect the value of Bonds and thus our
ability to raise further debts. The Bonds proposed to be issued under this ssue have been rated 'CRSL AAA/
Stable' by CRSL, 'FitchAAA(ind) with Stable Outlook'by FTCHand 'CAREAAA' by CARE. We cannot guarantee
that these credit ratings will not be downgraded by the rating agencies in future. The ratings provided by these
Credit Rating Agencies may be suspended, withdrawn or revised at any time. Any revision or downgrading in the
above credit rating may lower the value of the Bonds and may also affect NHA's ability to raise further debt. 30.
Foreign investors, including NRIs and FIIs subscribing to the Bonds are subject to risks in connection
with (i) exchange control regulations, and, (ii) huctuations in foreign exchange rates. The Bonds will be
denominated in ndian rupees and the payment of interest and redemption amount shall be made in ndian rupees.
Various statutory and regulatory requirements and restrictions apply in connection with the Bonds held by NRs and
Fs (Exchange Control Regulations). Amounts payable to NRs and Fs holding the Bonds, on redemption of
the Bonds and/or the interest paid/payable in connection with such Bonds would accordingly be subject to prevailing
Exchange Control Regulations. Any change in the Exchange Control Regulations may adversely affect the ability of
such NRs and Fs to convert such amounts into other currencies, in a timely manner or at all. Further, fuctuations
RISK FACTORS
IN THE NATURE OF ABRIDGED PROSPECTUS (FORM 2A)- MEMORANDUM CONTAINING SALIENT FEATURES OF PROSPECTUS - TRANCHE 1
NATIONAL HIGHWAYS AUTHORITY OF INDIA 8
RISK FACTORS
in the exchange rates between the ndian rupee and other currencies could adversely affect the amounts realized
by NRs and Fs on redemption or payment of interest on the Bonds by us. 31. There may be a delay in making
refunds to applicants. We cannot assure that the monies refundable to applicants, on account of (a) withdrawal
applications, (b) withdrawal of the ssue, or (c) failure to obtain the fnal approval from the exchanges for listing
of Bonds, (d) non allotment due to technical rejections or over subscriptions, will be refunded to the applicants in
a timely manner. 32. Risk regarding enforcement of security on account of default. Taking into account the
nature of security and since most of the security is of peculiar nature i.e. fxed assets of NHA, being highway project
comprising of all superstructure including highway lightings, road barriers and dividers, bridges, culverts and all
other super structures constructured on national highways entrusted to NHA,enforcement of security will be tedious
in nature,diffcult and its realisable value will depend upon the market condition at that time and various extranous
factors at relevant time. Debenture Trustee is not a guarantor and will not be responsible for any loss or claim.
EXTERNAL RISK FACTORS: For External Risk Factors, please refer to page 24 of the Shelf Prospectus.
PROMINENT NOTES: For details, please refer to page 26 of the Shelf Prospectus.
GENERAL INFORMATION
NHA, an autonomous body under the Ministry of RoadTransport &Highways, Go, established under Section 3 of the
NHA Act on June 15, 1989 and having a perpetual succession and common seal. Head Ofce of NHAI: G- 5 & 6,
Sector 10, Dwarka, NewDelhi 110075, ndia, Tel.: +91 11 25074100/25074200, Fax: +91 11- 25093507/25093514,
Website: www.nhai.org. Credit Rating and Rationale: CRSL vide its letter dated November 09, 2011, has
assigned a credit rating of CRSL AAA/Stable. nstruments with this rating are considered to have the highest
degree of safety regarding timely servicing of fnancial obligations. CARE vide its letter dated November 7, 2011
has assigned a credit rating of CAREAAA.nstruments with this rating are considered to have the highest degree
of safety regarding timely servicing of fnancial obligations. Such instruments carry lowest credit risk. FTCH vide
its letter dated November 8, 2011 has assigned a credit rating of Fitch AAA(ind) with Stable Outlook indicating
highest rating assigned in its national rating scale. This rating is assigned to the best credit risk relative to all other
issuers or issues in the country. For details in relation to the rationale for the credit rating by CRSL, CARE and
FTCH, please refer Appendix of the Shelf Prospectus. Expert Opinion: Except the letters dated November 9,
2011,November 7, 2011 and November 8, 2011 issued by CRSL, CARE and FTCH, respectively, in respect of
the credit rating for the Bonds, and the report on our Financial Statements, Limited Review Report and Statement
of Tax Benefts dated November 22, 2011, November 22, 2011 and November 21, 2011 respectively issued byASP
& Co. ndependent Auditors of NHA, NHA has not obtained any other expert opinion. For further details, please
refer to page 39 of the Shelf Prospectus. Issue programme: The subscription list for the ssue shall remain open
for subscription at the commencement of banking hours and close at the close of banking hours, with an option
for early closure (subject to the ssue being open for a minimum of 3 days) or extension by such period, upto a
maximumperiod of 30 days fromthe date of opening of the ssue, as may be decided by the Board of NHA subject
to necessary approvals. n the event of such early closure of the subscription list of the ssue, NHA shall ensure
that public notice of such early closure is published on or before the day of such early date of closure through
advertisement/s in a leading national daily newspaper.Further, Allotment shall be on frst cumfrst serve basis with
NHA having the discretion to close the ssue early irrespective of whether any of the Portion(s) are fully subscribed.
CAPITAL STRUCTURE: Details of Capital of NHAI: NHAI has not issued any shares against Capital and Capital
Grants invested by Go (in pursuance of NHA Act). The Capital of NHA as on June 30, 2011, is set forth below:
Particulars Amount (` in Lacs)
Capital
Capital u/s 12(i)(b) - Commencing Capital -
Capital u/s 17
a) Capital Base 80,100.00
b) Cess Fund 51,87,136.00
c) Additional Budgetary Support (NHDP) 2,84,701.00
d) Additional Budgetary Support Others 84,467.00
e) Additional Budgetary Support (Plough back of Toll Remittance, etc.) 1,62,300.00
Less: 1) Expenditure on Toll Collection Activities
(w.e.f. 01.04.2010)
(22,405.86)
2) (Excess)/Surplus of Expenditure on Maintenance of Highways
Over Maintenance Grant Received (w.e.f. 01.04.2010). (530.39)
Total 57,75,767.75
For further details, including Debt to Capital Ratio please refer to the Prospectus.
OBJECTSOF THEISSUE: NHA intends to deploy the ssue proceeds towards part fnancing of the various projects
being implemented by NHA under the NHDP and other National Highways projects as approved by the Go. n
order to part fnance the projected project cost, NHA proposes to issue Bonds aggregating to ` 10,00,000.00 Lacs
during the FY 2011-12. Further, in accordance with the SEB Debt Regulations, NHA will not utilize the proceeds
of the ssue for providing loans to or acquisition of shares of any person who is part of the same group or who is
under the same management. Further, NHA is a statutory authority and, as such, we do not have any identifable
'group' companies or 'companies under the same management' though we do have shareholding interest in
certain Special Purpose Vehicles which are engaged in area specifc development of port roads. For further details
regarding Object of the ssue, nterim use of Funds, Monitoring of utilization of Funds, Propsed ssue Expenses
please refer to the Prospectus.
STATEMENT OF TAX BENEFITS: For details, please refer to page 23 of the Tranche 1 Prospectus.
OURBUSINESS: OVERVIEW: NHA is an autonomous authority of the Go under the MoRTHconstituted on June
15, 1989 by an Act of Parliament titled - The National Highways Authority of ndia Act, 1988 (NHA Act). NHA was
operationalised in February 1995 with the appointment of full time Chairman and other Members. The functioning
of NHA is governed by NHA Act and rules, and regulations framed thereunder. The main objects of NHA are
provided in NHA Act as per which NHA is responsible for the development, maintenance and management of
the NH entrusted to it by the Go and for matters connected or incidental thereto. ts functions include survey,
development, maintenance and management of the NHand inter alia to construct offces or workshops, to establish
and maintain hotels, restaurants and rest rooms at or near the highways vested in or entrusted to it, to regulate
and control plying of vehicles, to develop and provide consultancy and construction services and to collect fees
for services and benefts rendered in accordance with Section 16 of NHA Act. t was established with a vision to
meet the nation's need for the provision and maintenance of a NHnetwork in line with global standards and to meet
user's expectations in the most time bound and cost effective manner, within the strategic policy framework set by
the Go and thus promote economic well being and quality of life of the people. For more details, please refer to
chapter History, Main Objects and Certain Corporate Matters in the Prospectus. NHA's initial mandate was limited
to only a few projects undertaken with the assistance of Asian Development Bank (ADB) and the Japanese Board
of ndustry and Commerce (JBC). Subsequently in 1998 the Go announced theNHDP comprising mainly of the
Golden Quadrilateral linking the four metros and connectivity to major ports in the frst phase and the North-South &
East-West corridors in the Second Phase. Since its inception, the mode for implementationof projects under NHDP
has undergone signifcant change. nitially, the implementation of NHDP was through EPC mode. However, since
2005, as a policy, the Go had decided to implement projects in balance stretches on Public Private Partnership
(PPP) mode (BOT Toll/Annuity or OMT). NHA has played a signifcant role in developing approaches for PPP
and actual implementation on a large number of projects (especially as compared to other infrastructure sectors).
As on August 31, 2011, NHA have awarded 141 BOT Toll based contracts valued at ` 1,04,98,403.00 lacs, 49
BOTAnnuity based contracts valued at ` 29,08,138.00 lacs through PPPmode. NHA has thus adopted a business
model that relies on outsourcing of a number of activities including design, construction, supervision, operation and
maintenance of NH, rather than undertaking all such activities through its own employees. This has thus helped
NHA in maintaining a lean organisational structure to facilitate faster operational decision-making. NHA receives its
funding through (i) Government support in the formof capital base, cess fund, additional budgetary support, capital
grant, maintenance grant, ploughing back of toll revenue and loan fromGo; (ii) loan frommultilateral agencies and
(iii) market borrowings. For further details, please refer to the Prospectus.
REGULATIONS AND POLICIES: For details, please refer to the Prospectus.
HISTORY, MAIN OBJECTS AND CERTAIN CORPORATE MATTERS: Brief Background of NHAI: NHAI is an
autonomous organisation of the Go under the MoRTHand was constituted on June 15, 1989 by anAct of Parliament
NHA Act, and was made operational in February, 1995 with the appointment of full time Chairman and other
Members. NHA has an all ndia presence through its different offces (Regional Offces/Project mplementation
Units/Corridor Management Units) in different cities. The functioning of NHA is thus governed by NHA Act and
rules, and regulations framed thereunder. t succeeds the previous Ministry of Surface Transport. For further details
including details of our Subsidiearies, please refer to the Prospectus.
OUR PROMOTER: Under Entry 23 of the Union List of the Seventh Schedule to the Constitution of ndia the
development and maintenance of National Highways is vested in Central Government. Further, Section 5 of NHAct
provides that the Central Government may direct that any function in relation to the development or maintenance
of National Highways shall also be exercisable among other by any offcer or authority subordinate to the Central
Government. n exercise of the above powers vested in the Central Government vide Entry 23 of the Union List of
the Seventh Schedule to the Constitution of ndia and under Section 5 of the NHAct, the President of ndia gave his
assent to The National Highways Authority of ndia Bill, 1988 which was passed by both the Houses of Parliament
on December 16, 1988.Accordingly National Highways Authority of ndia was established on June 15, 1989 as an
autonomous body under the Ministry of Road Transport and Highways, Government of ndia.
OURMANAGEMENT: Members of the Board of NHAI: NHA was constituted by anAct of Parliament, namely the
National Highways Authority of ndia Act, 1988, to develop, maintain and manage the National Highways vested in
or entrusted to it by the Central Government. As per Sub Section 3(3) of NHA Act, NHA consists of (i) a chairman;
(ii) not more than fve full-time members; (iii) not more than four part-time members. Each of which is appointed by
the Central Government by notifcation in the offcial gazette. Presently, the NHA has fve full time members and
four part time members (including the chairman, who is also a part time member).
DETAILS OF FULL TIME MEMBERS OF THE BOARD: For details, please refer to the Prospectus.
DETAILS OF PART TIME MEMBERS OF THE BOARD: For details, please refer to the Prospectus.
FINANCIAL INDEBTEDNESS: As on June 30, 2011, we had outstanding secured borrowings of approximately `
507752.00 Lacs and unsecured borrowings of `155869.31 Lacs: For further details, please refer to the Prospectus.
OUTSTANDING LITIGATIONS AND MATERIAL DEVELOPMENTS: For details, please refer to the Prospectus.
OTHERREGULATORYANDSTATUTORYDISCLOSURES: Consents: For details, please refer to the Prospectus.
No Reservation or Discount: There is no reservation in this ssue nor will any discount be offered in this ssue to
the Bondholders. Previous Public or Right Issues: NHA has not made any public or right issuances in the last
fve years. Previous Other Issues (outstanding as on September 30, 2011) As per the circular issued by CBDT,
NHA is mandated to issue bonds which are eligible for exeption from capital gain tax under Section 54EC of the
ncome Tax Act, 1961. Only four tranched/series of Section 54EC bonds issued in FY 2008-09, FY 2009-10, FY
2010-11 and FY 2011-12 (upto September 30, 2011) are outstanding. The maximum investment by an investor
under such bonds eligible for said exemption is ` 50.00 Lacs in a fnancial year. Commission or brokerage on
previous outstanding Issue: For details, please refer to the Prospectus. Change in Statutory Auditors of
NHAI during the Iast three nanciaI years: There is no change in the Statutory Auditors of NHAI during the last
three fnancial years. Revaluation of assets: NHA has not revalued its assets in the last fve years. Prohibition
by SEBI/Eligibility of NHAI to come out with the Issue: NHAI has not been restrained, prohibited or debarred
by SEB from accessing the securities market or dealing in securities and no such order or direction is in force.
Utilization of Proceeds: NHA shall utilize the ssue proceeds towards part fnancing of the various projects being
implemented by NHA under the NHDP and other National Highways projects as approved by the Go. NHA shall
not utilize the proceeds of the ssue for providing loans to or acquisition of shares of any person who is part of the
same group or who is under the same management and also not to its Subsidiaries. Statement by the Members
of the Board: i) All monies received out of each Tranche ssue of the Bonds to the public shall be transferred to a
separate bank account; ii) Details of all monies utilised out of each Tranche ssue referred to in sub-item (i) shall
be disclosed under an appropriate separate head in our Balance Sheet indicating the purpose for which such
monies were utilised; and iii) Details of all unutilised monies out of each Tranche ssue referred to in sub-item (i),
if any, shall be disclosed under an appropriate separate head in our Balance Sheet indicating the form in which
such unutilised monies have been invested. iv) NHA shall open and maintain a separate NR Escrow Account
with the Escrow Collection Bank(s) in connection with all application monies received from NRs. All application
monies received fromNR applicants shall be deposited in the NR EscrowAccount maintained with each Escrow
Collection Bank. Upon creation of security as disclosed in the Prospectus, the Escrow Collection Bank(s) shall
transfer the monies from the NR Escrow Account to a separate bank account, (NRI Account), which shall be
different from the Public ssue Account. NHA shall at all times ensure that any monies kept in the NR Escrow
Account and/or the NR Account shall be utilised only in accordance with applicable statutory and/or regulatory
requirements. v) The funds raised by us fromprevious bonds issues have been utilised for our business as stated
in the respective offer documents.
Disclaimer clause of NSE: AS REQUIRED, A COPY OF THIS OFFER DOCUMENT HAS BEEN SUBMITTED
TO NATIONAL STOCK EXCHANGE OF INDIALIMITED (HEREINAFTER REFERRED TOAS NSE). NSE HAS
GIVENVIDEITSLETTERREF.:NSE/LIST/152249-MDATEDDECEMBER05, 2011PERMISSIONTOTHEISSUER
TO USE THE EXCHANGES NAME IN THIS OFFER DOCUMENT AS ONE OF THE STOCK EXCHANGES ON
WHICHTHISISSUERSSECURITIESAREPROPOSEDTOBELISTED. THEEXCHANGEHASSCRUTINIZED
THISDRAFTOFFERDOCUMENTFORITSLIMITEDINTERNALPURPOSEOFDECIDINGONTHEMATTEROF
GRANTINGTHEAFORESAIDPERMISSIONTOTHISISSUER. IT ISTOBEDISTINCTLYUNDERSTOODTHAT
THE AFORESAID PERMISSION GIVEN BY NSE SHOULD NOT IN ANY WAY BE DEEMED OR CONSTRUED
THAT THE OFFER DOCUMENT HAS BEEN CLEARED OR APPROVED BY NSE; NOR DOES IT IN ANY
MANNER WARRANT, CERTIFY OR ENDORSE THE CORRECTNESS OR COMPLETENESS OF ANY OF THE
CONTENTS OF THIS OFFER DOCUMENT; NOR DOES IT WARRANT THAT THIS ISSUERS SECURITIES
WILL BE LISTED OR WILL CONTINUE TO BE LISTED ON THE EXCHANGE; NOR DOES IT TAKE ANY
RESPONSIBILITY FOR THE FINANCIAL OR OTHER SOUNDNESS OF THIS ISSUER, ITS PROMOTERS, ITS
MANAGEMENT OR ANY SCHEME OF PROJECT OF THIS ISSUER.
EVERY PERSON WHO DESIRES TO APPLY FOR OR OTHERWISE ACQUIRE ANY SECURITIES OF THIS
ISSUERMAYDOSOPURSUANT TOINDEPENDENT INQUIRY, INVESTIGATIONANDANALYSISANDSHALL
NOT HAVEANYCLAIMAGAINST THEEXCHANGEWHATSOEVERBYREASONOFANYLOSSWHICHMAY
BE SUFFERED BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITH SUCH SUBSCRIPTION/
ACQUISITION WHETHER BY REASON OF ANYTHING STATED OR OMITTED TO BE STATED HEREIN OR
ANY OTHER REASON WHATSOEVER.
DiscIaimer cIause of BSE: BSE LIMITED ("THE EXCHANGE") HAS GIVEN VIDE ITS LETTER DATED
DECEMBER1, 2011, PERMISSION TONHAI TOUSE THE EXCHANGES NAME IN THIS OFFER DOCUMENT
AS ONE OF THE STOCK EXCHANGES ON WHICH NHAIS SECURITIES ARE PROPOSED TO BE LISTED.
THEEXCHANGEHASSCRUTINUZEDTHISOFFERDOCUMENT FORITSLIMITEDINTERNALPURPOSEOF
DECIDINGONTHEMATTEROFGRANTINGTHEAFORESAIDPERMISSIONTONHAI. THEEXCHANGEDOES
NOTINANYMANNER: (I) WARRANT, CERTIFYORENDORSETHECORRECTNESSORCOMPLETENESSOF
ANY OF THE CONTENTS OF THIS OFFER DOCUMENT; OR (II) WARRANT THAT NHAI'S SECURITIES WILL
BELISTEDANDWILLCONTINUETOBELISTEDONTHEEXCHANGE; OR(III) TAKEANYRESPONSIBILITY
FORTHE FINANCIAL OROTHERSOUNDNESS OF THIS COMPANY, ITS PROMOTERS, ITS MANAGEMENT
ORANYSCHEMEORPROJECT OF THISCOMPANY; ANDIT SHOULDNOT FORANYREASONBEDEEMED
ORCONSTRUEDTHATTHISOFFERDOCUMENTHASBEENCLEAREDORAPPROVEDBYTHEEXCHANGE.
EVERYPERSONWHODESIRESTOAPPLYFOROFOTHERWISEACQUIRESANYSECURITIESOFNHAI MAY
DOSOPURSUANTTOINDEPENDENTINQUIRY, INVESTIGATINANDANALYSISANDSHALLNOTHAVEANY
CLAIMAGAINST THE EXCHANGE WHATSOEVER BY REASON OFANY LOSS WHICH MAY BE SUFFERED
BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITH SUCH SUBSCRIPTION/ACQUISITION
WHETHERBYREASONOFANYTHINGSTATEDOROMITTEDTOBESTATEDHEREINOF FORANYOTHER
REASONWHATSOEVER. Jurisdiction: Exclusive jurisdiction for the purpose of ssue is with the competent court
of NewDelhi, ndia. Disclaimer in respect of jurisdiction: The Bonds have not been reviewed or recommended by
any U.S. federal or state securities commission or regulatory authority. The foregoing authorities have not confrmed
the accuracy or determined the adequacy of the Shelf Prospectus or approved or disapproved the Bonds. Any
representation to the contrary is a criminal offence in the United States. nvestment decision, investors must rely
on their own examination of NHA and the terms of the ssue, including the merits and risks involved. NHA has
not been and will not be registered under the U.S. nvestment Company Act and investors will not be entitled to
the benefts of the U.S. nvestment Company Act. The Bonds have not been and will not be registered under the
Securities Act or any other applicable law of the United States and, unless so registered, may not be offered or
sold within the United States or to, or for the account or beneft of U.S. Persons except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state
securities laws. Accordingly, the Bonds are being offered and sold only (i) outside the United States, to non-U.S.
Persons in offshore transactions under Regulations; and (ii) to institutional investors in the United States and U.S.
Persons that are both (A) qualifed institutional buyers as defned in Rule 144Aand (B) qualifed purchasers as
defned in Section 2(a)(51) and related rules of the U.S. nvestment Company Act. Prospective purchasers in the
United States are hereby notifed that our Company is relying on the exemption fromthe registration requirements
under Section 4(2) of the Securities Act and exceptions from the U.S. nvestment Company Act. Each purchaser
of Bonds who is located within the United States or who is a U.S. Person, or who has acquired the Bonds for the
account or beneft of a U.S. Person will be required to represent and agree, among other things, that such purchaser
(i) is a U.S. QB and a QP; and (ii) will only reoffer, resell, pledge or otherwise transfer the Bonds in an offshore
transaction in accordance with Rule 903 or Rule 904 of Regulation S and under circumstances that will not require
NHA to register under the nvestment Company Act, in each case in accordance with all applicable securities
laws. Each other purchaser of the Bonds will be required to represent and agree, among other things, that (i) such
purchaser is a non-U.S. person acquiring the Bonds in an offshore transaction in accordance with Regulation S,
and (ii) any reoffer, resale, pledge or transfer of the Bonds by such purchaser will not be made to a person in the
United States or to a person known by the undersigned to be a U.S. Person, in each case in accordance with all
applicable securities laws. Listing: Each Series of Bonds will be listed on BSEand NSEas specifed in the Tranche
Prospectus. For the ssue, NHA has received in-principle approvals for listing fromBSE and NSE vide their letter
dated December 1, 2011 and December 5, 2011 respectively. f the permissions for listing and dealing in and for
an offcial quotation of the Series of Bonds under a Tranche ssue are not granted by the Stock Exchange(s),
NHA shall forthwith repay, without interest, all such moneys received from the Applicants in pursuance of the
relevant Tranche Prospectus. f such money is not repaid within eight days after the NHA becomes liable to repay
it (i.e. from the date of refusal or within seven days from the Tranche ssue Closing Date, whichever is earlier),
then NHA and every Member who is an offcer in default shall, on and from such expiry of eight days, be liable
to repay the money with interest as per the applicable laws. NHA shall ensure that all steps for the completion
of the necessary formalities for listing and commencement of trading at the Stock Exchange(s) mentioned above
are taken within ffteen Working Days from the Deemed Date of Allotment. Dividend: No dividends are paid by
NHA. Mechanism for redressal of investor grievances: MCS Limited has been appointed as the Registrar to
the ssue to ensure that investor grievances are handled expeditiously and satisfactorily and to effectively deal
with investor complaints. All grievances relating to the ssue should be addressed to the Registrar to the ssue
giving full details of the applicant, number of Bonds applied for, amount paid on application and the bank branch
or collection centre where the application was submitted etc.
FINANCIAL INFORMATION OF NHAI
REFORMATTED STATEMENT OF ASSETS AND LIABILITIES (` n Lacs)
Sl.
No.
PARTICULARS SCHE-
DULE*
AS AT MARCH 31
2011 2010 2009 2008 2007
(1) (2) (3) (4) (5) (6) (7)
I. SOURCES OF FUNDS
1. Shareholders' Fund
a) Capital 1 55,19,506.28 44,44,809.00 3684,339.00 2,971,192.00 2,261,186.00
b) Reserves & Surplus 2 41,198.84 41,198.84 176,531.44 175,890.94 144,063.43
2. Grants
a) Capital 3 13,67,619.80 13,35,654.30 13,08,687.08 11,57,370.60 9,79,858.93
3. Borrowings
4 6,80,069.34 5,12,315.49 5,59,018.83 5,00,845.37 4,92,324.65
TOTAL 76,08,394.26 63,33,977.63 57,28,576.35 48,05,298.91 38,77,433.01
II. APPLICATION OF FUNDS
1. Fixed Assets
5
a) Gross Block 8,466.66 7,565.79 7,305.90 7,065.01 7,059.49
b) Less: Depreciation 4,870.61 4,348.77 4,026.95 3,654.15 3,168.15
c) Net Block 3,596.05 3,217.02 3,278.95 3,410.86 3,891.34
d) Less: Assets created out of Grants 612.58 612.58 611.88 611.88 795.02
e) (i) Capital Work- in- Progress 37,84,750.69 34,02,507.67 28,77,443.68 21,85,168.44 15,13,064.81
(ii) Expenditure on completed
pr oj ect s awai t i ng t r ansf er /
capitalization
41,31,643.65 31,52,033.33 25,15,778.88 21,08,194.47 17,64,216.42
79,16,394.34 65,54,541.00 53,93,222.56 42,93,362.91 32,77,281.23
Total 79,19,377.81 65,57,145.44 53,95,889.63 42,96,161.89 32,80,377.55
2. Investment (At cost) 6 1,07,592.88 1,04,892.88 91,882.00 87,306.00 83,483.51
3. Current Asset s, Loans and
Advance
7
a) Inventories - - - - -
b) Sundry Debtors - - - - -
c) Deposits, Loans & Advances 3,10,810.19 3,05,869.32 3,07,112.96 3,49,901.17 3,95,062.55
d) Interest accrued on deposit 621.41 988.87 5,169.31 3,544.03 8,450.41
e) Cash & Bank Balance 2,86,601.18 2,45,186.17 5,23,637.09 5,41,810.00 4,80,498.49
Sub total 598,032.78 5,52,044.36 8,35,919.36 8,95,255.20 8,84,011.45
Less: Cur r ent Li abi l i t i es and
Provisions
a) Liabilities 8 10,15,445.53 8,79,159.84 5,94,341.07 4,72,903.15 3,70,011.32
b) Provisions 9 1,163.68 945.21 773.57 521.03 428.18
Sub total 10,16,609.21 8,80,105.05 5,95,114.64 4,73,424.18 3,70,439.50
Net Current Assets (418,576.43) (3,28,060.69) 2,40,804.72 4,21,831.02 5,13,571.95
4. Misc. Expenditure (to the extent
not written off)
10 - - - - -
5. Proll &LossAccourl (0eo|l oa|arce,
if any)
- - - - -
6. 3|r|lcarl Accourl|r Po||c|es 18
7. Notes on Accounts 19
TOTAL 76,08,394.26 63,33,977.63 57,28,576.35 48,05,298.91 38,77,433.01
REFORMATTED STATEMENT OF PROFIT AND LOSS ACCOUNT (` n Lacs)
PARTICULARS SCHE-
DULE*
FOR THE YEAR ENDED MARCH 31
2011 2010 2009 2008 2007
(1) (2) (3) (4) (5) (6) (7)
I. INCOME
a) Value of Work done - - - - -
b) Other income 11 3,781.39 3,733.18 1,212.96 22,388.62 12,706.86
c) Interest (Gross) 12 11.12 51.28 44.31 81.74 2.84
d) Grant-in-aid for
maintenance of Highways
- - - - -
e) Net Increase/Decrease in
work-in-progress (+)/(-)
13 - - - - -
TOTAL 3,792.51 3,784.46 1,257.27 22,470.36 12,709.70
II. EXPENDITURE
a) Const r uct i on St or es/
Materi al consumed Other
stores, spares & tools etc.
consumed
- - - - -
Work Expenses: 14
a) Personnel & Administrative
Expenses
15 14,385.97 11,096.14 10,140.00 6,543.03 6,459.55
b) Finance Charges 16 11.00 16.61 10.76 9.10 14.59
c) Depreciation 553.84 327.47 375.50 492.65 806.84
d) Assets of Smal l Val ue
Charged Off
32.72 30.78 12.00 11.63 20.21
TOTAL 14,983.53 11,471.00 10,538.26 7,056.41 7,301.19
Prot (+}|Loss (-} for the year (11,191.02) (7,686.54) (9,280.99) 15,413.95 5,408.51
Add: Prior Period Items net(+/-) 17 (536.64) (643.46) (1,039.84) (309.74) 1,493.77
Less: Net Establishment
Expenses f or t he year
transferred to 6w|P (8ch-5}
11,727.66 8,330.00 10,320.83 - -
Less/ Add: Pr ovi si on f or
Taxation
- - - - -
Net Prot - 0.00 0.00 15,104.21 6,902.28
Less: Transfer to Capi tal
Reserve
- - - - -
Less: Trarsler lo ol|er spec|lc
Reserve/Fund
- - - - -
Less/Add: Transfer to/Transfer
from General Reserve (+/-)
- - - - -
Less/Add: Surplus brought
forward from previous year
41,198.84 41,198.84 41,198.84 26,094.63 19,192.35
Surplus carried to Balance
Sheet
41,198.84 41,198.84 41,198.84 41,198.84 26,094.63
*For further details and details on Schedules, please refer to Appendix of the Shelf Prospectus.
MATERIAL CONTRACTS AND DOCUMENTS FOR INSPECTION: For details, please refer to the Prospectus.
DECLARATION: No statements made in this Prospectus Tranche - 1 contravene any of the provisions of theAct or
the rules or regulations made there under or any provisions of the SEB Debt Regulations. All the legal requirements
connected with the said ssue and also the guidelines, instructions etc. issued by SEB, the Government and any
other competent authority in this behalf have been duly complied with. We confrmthat this Prospectus Tranche - 1
does not omit disclosure of any material fact which may make the statements made therein, in light of circumstances
under which they were made, misleading and that no statements in this Prospectus Tranche - 1 are false, untrue
or misleading, and that this Prospectus Tranche - 1 does not contain any mis-statements.
Signed by all the members on the Board of NHA: FULL TIME MEMBERS: Shri A. K. Upadhyay, IAS, Chairman,
NHA; Shri. RajivYadav, IAS, Member (Administration), NHA; Dr. J. N. Singh, IAS, Member (Finance), NHA; Shri.
V. L. Patankar, Member (Technical), NHA; Shri. B. N. Singh, Member (Project), NHA. PART TIME MEMBERS:
Shri A. K. Upadhyay, IAS, Secretary, (MoRT&H); Smt. Sudha PiIIai, IAS (Retd.), Member Secretary, Planning
Commission ; Shri. Sumit Bose, IAS, Secretary, Department of Expenditure, MoF; Shri. R. P. Indoria, Director
General, Road Development and Special Secretary, MoRTH
Place: New Delhi; Dated: December 22, 2011.
FOR FURTHER DETAILS, PLEASE REFERTOTHE PROSPECTUS

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