The present issue is being made to raise the funds for the following purposes:1. Setting up a new facility for manufacturing of Cotton Yarn, Yarn Dyeing and Garments 2. Investment in Subsidiariesa. Jindal Medicot Limitedb. Jindal Specialty Textiles Limited3. Meeting the expenses of the public issue 4. To list the shares offered through this issue on BSE and NSE The other objects of the Issue also include creating a public trading market for the Equity Sharesof our Company by listing them on NSE and BSE. We believe that the listing of our Equity Shareswill enhance our visibility and brand name and enable us to avail of future growth opportunities.The main object clause of Memorandum of Association of our Company enables us to undertakethe existing activities and the activities for which the funds are being raised by us through thepresent Issue. Further, we confirm that the activities which we have been carrying out till date arein accordance with the object clause of our Memorandum of Association.