XYZ Ltd., a listed company, adopted Electronic Bidding Mechanism for its proposed issue of Debt Securities to the tune of ₹450 crore. The Board of directors wants you, as company secretary of the company, to ensure the p

To, The Board of Directors XYZ Ltd. Sub: Report with respect to compliance of post-bid procedures in Electronic Bidding Mechanism for issuance of Debt Securities on private placement basis Dear Sir(s), I would like to bring to your kind information that as per SEBI (Issue and Listing of Debt Securities) Regulations, 2008 the compliance with Post Bidding Procedure involves the following- All bids received within bidding time window shall be provided by EBP (Electronic Book Provider) to the Issuer after bidding process is over; Issuer shall have the option to accept or reject bids received, if the issuer agrees to the yield so discovered; Issuer shall provide details of accepted bids to depositories to make allotment; EBP shall display bid details on the end of the bidding time window; At the end of the bidding time window, EBP shall on an anonymous basis, disclose the aggregate volume data, including yield, amount including the amount of over subscription, total bids received, ratings(s), category of investor etc., to avoid any speculations; For issues below ₹500 crore, Issuer shall upload details as mentioned above with EBP and/or with information repository for corporate debt market as notified by SEBI, in the format as specified; EBP shall upload the allotment data on its website to be made available to the public. As Company Secretary of the company, I ensure that all the above requirements are complied with including point "vi", as our issue size is ₹450 crores. For XYZ Ltd. Sd/- Company Secretary