H.G. Infra Engineering Limited — Capital/Financing Update 2018

Nov 3, 2018

rd November 3 , 2018

To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

To

National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Mumbai- 400051

Sc Scrip Symbol- HGI FRA rip Code-541019

Dear Sir/ Madam.

Subject: Disclosure under Regulation 32 of SEBI (Listing Obligations & Disclosures Requirements), Regulations 2015 ("SEBI LODR")

In accordance with the Regulation 32(6) of the SEBI (LODR) Regulations, 2015and 16(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2009, as amended, enclosed please find herewith Monitoring Agency Report in respect of utilization of proceeds of IPO for quarter ended September 301h, 2018 issued by HDFC Bank Ltd.

We request you to kindly note that there is no deviation/variation in the utilization of proceeds as mentioned in the objects stated in the Prospectus dated March 05, 2018. in respect of the lnitial Public Offering of the Company in accordance with the Regulation 32(1) of the SEBl (Listing Obligation and Disclosure Requirements) Regulation. 2015.

Kindly take the same on your record and acknowledge.

Thanking you.

Yours faithfully,

For H.G. Infra ,

H. G. INFRA ENGINEERING LTD.

(Erstwhile known as H G Infra Engineering (P) Ltd )

Visit us at · www hginfra com Corp Office : Ill Floor Sheel Mohar Plaza, A-1, Tilak Marg, C-Scheme Tel.: +91141 4106040 -41 E-m · · · · · J · 3'02001 (R · ) Fax: +91141 4106044 ail · info@hgmfra.com a1pur- aJ. . · Regd. Office : 14, Panchwati Colony, Ratanada, Jodhpur-342001 (RaJ.) Tel. : +91 291 2000307

Fax: +91 291 2515321

, HDFC BANK "L: • We understand your world

HDFC BANK LTD I Think Techno Campus Building - Alpha Next to Kanjur Marg Railway station (East) Kanjur Marg (E) SCHEDULE Mumbai - 400 042 IX

. I

MONITORING REPORT

NAME OF THE MONITORING AGENCY: HDFC Bank Limited

MONITORING REPORT FOR THE QUATERlY ENDED: 30lMSeptember 2018

(1) Name of the Issuer: Mis HG Infra Engineering Limited

(Q)..~tion from the objects: NIL

(b) Range of Deviation*: NIL

Declaration:

We hereby declare that this report is based on the format as prescribed by SEBI (ICDR) Regulations, 2009, as amended. I/We further declare that this report provides true and fair view of the utilization of issue proceeds.

'Ne decla1 e that we do 110 I have a11y di, eel I indir eet Interest In or rttaflonsl\1p with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship I interest while monitoring and reporting the utilization of issue proceeds by the issuer.

\J tH'. ~Alf l)SOL?~H Name of the Authorized Person/Signing Authority: I f

D·o. "\ C.f' 'f~:S\ t>H.!1 Designation of Authorized person/5'gning Authorny: \ · "

SUI of the Monitoring Agency:

Date: 26.10.2018

www.hdfcbank.com

Regd. Office: HDFC Bank Ltd., HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Corporate Identity No.: L65920MH1994PLC080618

1. Issuer Details:

Name of the issuer	M/s HG Infra Engineering Limited
The names of the promoters of theissuer	1.Harendra Singh 2.Vijendra Singh 3.Girish Pal Singh
Industry/sector to which it belongs	Infrastructure Sector

$2.$ Issue Details:

Issue Period	Feb 26, 2018 to Feb 28, 2018
Type of issue (public/rights)	Initial Public Offer
Type of specified securities	Equity Shares
Grading	NA
Issue size	Rs.300.00 Crores

3. Details of the arrangement made to ensure the monitoring of issue proceeds: (Give item by Item description for all the objects stated in offer document separately in following format)

Particulars	Reply	Repayment or prepayment of aportion of loans and redemption orearlier redemption of NCDs availedby Company		Construction andpurchase of fit outs fornew stores		General corporate purposes
		Comment ofMonitoringAgency	Comments ofBoard ofDirectors	CommentofMonitoringAgency	Commentsof BoardofDirectors	CommentofMonitoringAgency	Comments ofBoard ofDirectors
Whether all the uti.Ization is as perdisclosure in OfferDocument?	Yes/No		Yes		Yes		Yes
Whether Shareholderapproval is obtained incase of materialdeviations# fromexpenditures disclosedin Offer Document?	Yes/No		NA		NA		NA
Whether means offinance for disclosedobjects of the Issuehas changed?	Yes/No		NO		NO		NO
Any major deviationobserved over theearlier monitoringagency reports?	Yes/No		NO		NO.		NO 1
Whether allGovernment / Statutoryapprovals related to theobject(s) obtained?	Yes/No		Yes		Yes		Yes
Whether allarrangementspertaining to technicalassistance/collaboration	Yes/No		NA		NA		NA
in operation?
Any favorable eventsimproving object(s)viability	Yes/No		NO		NO		NO
Any unfavorable eventsaffecting object(s)viability	Yes/No		NO		N O		NO

Anhelevottyrrean
Infoionthatatrmmayriallyaffethatectme	Yes/No	ON	ON	ON
decisioakinfthnmg oeinstovers

Where material deviation may be defined to mean:

a) Deviation in the objects or purposes for which the funds have been raised :

b) Deviation in the amount of fund actually utilized by more than 10,0 of the amount projected in the offer documents.

1. Details of obJect(s) to be monitored:

(i) Cost of object(s)

						(RCs)srnrore
					rdBCoffiretst>ctooommenoors
S.NdItHo.eaem	OriginalCtos(Athspereofferdot)cumen	RevisedCtos	CtsommenofitorinMongAgency	ofReasonCtosDiatioevn	edProposFiinnancgOioptn	PartilaofcursFithrmeAtsrrangemenadMe
1	Rt otepaymenr prepaymenlooftioofndans aaporndeiolieptremnorearrdeioofCDNptremnsaYOiledbycomoanv	115.55
2	tiodhaCstronucnanpurcseoffitftstonewouorsres	90.03
3	62latneracorpore(IncludinIPOpurposesg)expenses	94.42

(ii) Progress In th& obJect(s)-

Details of IPO proceeds and object wise utilization

Partilacurs	A(RInCs)ntmous.rore
edofthGPIsrossrocesesue	300.00
(Ls]ladIssU£teesreexpenses	22.25
NdPrdsf theIoceeossue	27757.
(l.£ss)UtilizioofIPOPedSbe30,2018attotenrocesupepmr	221.42
Fundbetilized(aiindinBk FixedDitsnd)s tstentntouremnveaneposacurreaccou	56.33
	(RCs)Ins.rore

Comments of Board of Amount utilised Directors During During the During the the Quarter Quarter Quarter Comments Net July' 18 Total of Proposed proceeds Jan'18 to April'18 to to Unutilised Monitoring Course of S.No. Item Head of IPO Mar'18 June'18 Sept'18 Amount Agency Action Repayment or prepayment of a portion of loans and redemption or earlier redemption of NCDs availed 1 by comtJany 115.55 33.13 37.06 - 45.35 Construction and purchase 2 of fit outs for new stores 90.03 7.63 33.02 38.42 10.96 General corporate purposes 3 (excludinq IPO exoenses) 72.17 72.15 - - 0.02 Total 277.75 112.91 70.08 38.46 56.33

(iii) Deployment of unutilizcd IPO proceeds-

S.No.	Tyfinheidstrtnttepeoumenwreamounves	Antmouindsteve	MityaturDate
1	FiditWithxe~s
	HDFCBkan	5.00
	RBL	11.46
	kYBesan	32.28
	k of IndiaStBatean	7.20
2	,,HDFCBalinBk A/cancean	0.39.,
	lTota	56.33

(iv)l)elay in ifflplementation of the obJect(s) -

There is no delay in·implementation of the objects.

	plioCDetatomne		Delay(Nofo.da/mths)yson	fCofrdBtsoommenooDirectors
ObjtsecName	AOffDtspererocumen	AlDctatuae		Rofeasonl>elay	PredoposCofourseAioctn

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