Microsoft Word - MD&A-E-mh-FA-nn.docx 1 Ref: CSO 016/2020 Date: 7th May 2020 Subject: Management Discussion and Analysis Quarter 1 Ending 31st March 2020 Attention: President The Stock Exchange of
of executives, and the information disclosed on the website; Report form 246-2; Enterprise Content Management System (ECM); Making of a tender offer or a business takeover (shares + making of a tender
the Company will decrease the first portion and make addition to the second portion. In addition to that, the Company will instead consider to issue and offer the newly issued ordinary shares for
the Securities and Exchange Commission No. Kor Nor. 30/2547 Re: Rules, Conditions and Procedures for Establishment and Management of Funds, dated 10 June 2004 and Clause 2 (2) and Clause 18 (6) of the
the Securities and Exchange Commission No. Kor Nor. 30/2547 Re: Rules, Conditions and Procedures for Establishment and Management of Funds, dated 10 June 2004 and Clause 2 (2) and Clause 18 (6) of the
Clause 19 of the Notification of the Securities and Exchange Commission No. Kor Nor. 30/2547 Re: Rules, Conditions and Procedures for Establishment and Management of Funds, dated 10 June 2004 and Clause 2
scale” credit rating “investment grade” credit rating “IOSCO” International Organization of Securities Commissions “IPO” (Initial Public Offering) “issue rating” “issuer rating” “market price” “MF
management or supervision, in materiality, to undertake business efficiently and in compliance with related laws and regulations and fair treatment to investor or client or; (c) lack of financial stability to
Company will issue the new ordinary shares with total value of Baht 153,000,000 to the Seller by mean of Private Placement as a payment of the 4,590,000 Sale Shares. The offering price will be at 110
Lohia. Mr. 1 The current paid-up share capital of IRSL is INR 1,609,131,510, divided into 160,913,151 shares at a par value of INR 10.00. IRSL will issue additional 100,200,000 new shares which will be