Important Disclaimer
PLEASE READ THIS DISCLAIMER CAREFULLY AND AGREE WITH THE TERMS AND CONDITIONS OF THIS DISCLAIMER BEFORE CONTINUING. IT APPLIES TO ALL PERSONS WHO VIEW THIS WEBSITE. PLEASE NOTE THAT THE DISCLAIMER SET OUT BELOW MAY BE ALTERED OR UPDATED. YOU SHOULD READ IT IN FULL EACH TIME YOU VISIT THE WEBSITE.
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS OUTSIDE INDIA. VIEWING THIS INFORMATION MAY NOT BE LAWFUL IN CERTAIN JURISDICTIONS.
THE DRAFT RED HERRING PROSPECTUS HAS BEEN MADE AVAILABLE ON OUR WEBSITE TO COMPLY WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.
The following disclaimer applies to the draft red herring prospectus (the “Draft Red Herring Prospectus”) in relation to the proposed initial public offering in India of the equity shares (“Equity Shares”) of Kusumgar Limited (the “Company”) (the “Offer”). You are advised to read this disclaimer carefully before reading, accessing or making any other use of the Draft Red Herring Prospectus and seek professional advice before taking any action. By accessing the Draft Red Herring Prospectus, you agree to follow the following terms and conditions, including any modifications to them from time to time.
Access to the information on this website, including the Draft Red Herring Prospectus does not constitute a recommendation by the Company, its Subsidiaries (as defined in the Draft Red Herring Prospectus), the Promoter Selling Shareholders (as defined in the Draft Red Herring Prospectus), the Members of the Syndicate (as defined in the Draft Red Herring Prospectus) or any of their respective affiliates or any other person to subscribe to the Equity Shares offered in the Offer.
The Draft Red Herring Prospectus does not constitute an offer of securities for sale in any jurisdiction, including India, and any potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. Any decision on whether to invest in any Equity Shares may only be made after a red herring prospectus has been filed with the Registrar of Companies, Maharashtra at Mumbai, and the SEBI, and must be made solely on the basis of such red herring prospectus, as there may be material changes in the red herring prospectus compared to the Draft Red Herring Prospectus. The offer and sales of the Equity Shares to be offered in the Offer shall be made only pursuant to the red herring prospectus (when available), if the investor is in India, or the red herring prospectus and the accompanying preliminary international wrap (which contains, among other things, the selling restrictions for the Offer outside India) if the investor is outside India. No person outside India is eligible to bid for Equity Shares in the Offer unless that person has received the preliminary offering memorandum for the Offer, which comprises the red herring prospectus and the preliminary international wrap.
Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk in relation to an investment in any Equity Shares, please see the section titled “Risk Factors” of the red herring prospectus, when available.
The Equity Shares to be offered in the Offer have not been and will not be registered, listed or otherwise qualified in any jurisdiction except India and may not be offered or sold to persons outside of India except in compliance with the applicable laws of each such jurisdiction. In particular, the Equity Shares to be offered in the Offer have not been and will not be registered, listed or otherwise qualified in any jurisdiction except India and may not be offered or sold to persons outside of India except in compliance with the applicable laws of each such jurisdiction. In particular, the Equity Shares to be offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable securities laws of any state of the United States. The Equity Shares to be offered in the Offer will be offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act and in accordance with the applicable laws of the jurisdictions where such offers and sales are made.
The Draft Red Herring Prospectus is directed at, and is intended for distribution to, and use by, residents of India only. The information in this portion of our website, including the copy of the Draft Red Herring Prospectus hosted on this website may not be distributed, directly or indirectly, outside India. You are hereby notified that any forwarding, delivery, distribution or reproduction of the Draft Red Herring Prospectus, in whole or in part, outside India is strictly prohibited. Failure to comply with this disclaimer may result in a violation of the applicable laws. The contents of the Draft Red Herring Prospectus are for your information only. You agree not to forward, deliver or distribute it to any other person, in whole or in part, including to provide access via e-mail or otherwise to any person outside India. Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions.
None of the Company, its Subsidiaries (as defined in the Draft Red Herring Prospectus), affiliates, directors or employees are soliciting any action based on any of the information contained on this website, including the Draft Red Herring Prospectus, and such information should not be construed as an offer, or invitation or offer to sell or the solicitation of any offer, to buy or subscribe for or purchase any security.
You are accessing this website at your own risk. None of the Company, its directors or employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.
The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. Our Company has taken all necessary steps to ensure that the contents of the Draft Red Herring Prospectus as appearing on this website are identical to the Draft Red Herring Prospectus filed with the SEBI. The Company shall not be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently none of the Company, its Subsidiaries (as defined in the Draft Red Herring Prospectus), affiliates, directors, agents, officers, representatives, advisers or employees accepts any liability or responsibility whatsoever in respect of alterations or changes which may have taken place during the course of transmission of the Draft Red Herring Prospectus in electronic format.
You are responsible for protecting against viruses and other destructive items. You are accessing this website at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature.
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I have read the above legal notice and agree to be bound by its terms, and I am in India.
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Siddharth Yogesh KusumgarChairman and Managing DirectorSiddharth Yogesh Kusumgar is the Chairman and Managing Director of our Company. He holds a diploma in textiles from Synthetic and Art Silk Mills Research Association, Mumbai. He is responsible for strategic leadership, business growth, etc. in the Company. He has over 25 years of experience in the field of technical textiles. |
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Sapna Siddharth KusumgarJoint Managing DirectorSapna Siddharth Kusumgar is the Joint Managing Director of our Company. She holds a bachelor’s degree in engineering (in its construction engineering branch) from Mahavir Education Trust’s Shah and Anchor Kutchi Engineering College, University of Mumbai and a post graduate diploma in management (family managed business) from S.P. Jain Institute of Management & Research, Mumbai. She is responsible for business integration, enhancing specialized value-added offerings, aligning organizational capabilities with evolving global market demands, etc. in the Company. She has over 21 years of experience in the field of human resources and information technology and technical textiles. |
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Ankur KothariExecutive Director and Chief Executive OfficerAnkur Kothari is an Executive Director and Chief Executive Officer of our Company. He holds a bachelor’s degree in textile technology from the Indian Institute of Technology, Delhi and a master’s degree in business administration from J.L. Kellogg School of Management, Northwestern University. He is responsible for growth and financial performance, ensuring governance and compliance, overseeing operations and risk, etc. in the Company. He was previously associated with the Boston Consulting Group as a project leader and Arvind Limited as chief operating officer – comp. indus fabrics & non-wovens in the past and has over 15 years of experience in the field of strategy and operating roles. |
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Kaushal Jaysingh SampatIndependent DirectorKaushal Jaysingh Sampat is an Independent Director of our Company. He holds a bachelor’s degree in commerce from University of Bombay and holds a master’s degree in business administration from Bowling Green State University, Ohio. He was associated with Dun & Bradstreet Information Services India Private Limited as a president and managing director – India in the past and is currently also associated with Rubix Data Sciences Private Limited as a director. He has over 16 years of experience in the field of general management, sales, marketing and operations, international business development, risk management, data and analytics. |
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Deepti GuptaIndependent DirectorDeepti Gupta is an Independent Director of our Company. She holds a bachelor’s degree in science (home science) from Govind Ballabh Pant University of Agriculture & Technology, Pantnagar, a master’s degree in science (clothing and textiles) from Govind Ballabh Pant University of Agriculture & Technology, Pantnagar and Doctor of Philosophy degree (Ph.D.) in textile technology from Indian Institute of Technology, Delhi. She is associated with Department of Textile & Fibre Engineering at Indian Institute of Technology, Delhi as a professor and has over 28 years of experience in textile chemical processing, product development and as an academician. |
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Nihar Ajay ParikhIndependent DirectorNihar Ajay Parikh is an Independent Director of our Company. He holds a bachelor’s degree in chemical engineering from Mumbai University. He is also associated with Tejal Merchantile Private Limited and has over 10 years of experience in the field of business strategy, finance and operations. |