Global Infratech and Finance Limited (“Global Infratech/the Company”)

[Please refer Whole time member show Cause Notice]

GROUP 1:- Sellers (Noticee 2 to 8)

1. Bought the shares in off market

2. Sold the shares at high price on exchange platform.
3. Contributed positive LTP
4. Common directors in other companies related entities.

S.no Name Comment on following:

1 Raj Kumar - Received shares in off market from Gulistan Vanjya

Sharma Pvt Ltd
- Common Director in Denim Developer Ltd & Scan
Infrastructure Limited

2. Puspal - Received shares in off market from Gulistan Vanjya

Chandra Pvt Ltd
- Off market transaction with Raj Kumar Sharma in the
scrip of PS IT Infrastructure Services Ltd
- Director of Scan Infrastructure ltd which received
JMD Sound Ltd.

3 Rajendra - Director of Gulistan Vanijya Pvt Ltd which has same

Kumar MCA address as Unisys Softwares Holding &
Kothari Industries Ltd.
-
4 Priti Kothari - Off market Transaction with Gulistan Vanjya Pvt Ltd
- Sharing common address with Rajesh Kumar Kothari,
director of Gulistan Vanijya Pvt ltd
5 Saroj Devi - Sharing common address with Rajesh Kumar Kothari,
Kothari director of Gulistan Vanijya Pvt ltd
6 Dilip Kumar - Off market Transaction with Gulistan Vanjya Pvt Ltd
Mandal Off market transaction with Priti Kothari in the scrip
of Global Infratech and Finance ltd
7. Nishant - Sharing common address with Rajesh Kumar Kothari,
Kothari director of Gulistan Vanijya Pvt ltd

GROUP 2:- Directors (Noticee 9 to 12)

1. Company made preferential allotment when price was low

2. Reason for transferring Rs 2 crore by the Company to Global Infratech and

Finance ltd who further transferred it to preferential allottees who
manipulated the price during Patch 2.
 3. Fund transaction with JMD Sounds Ltd, Unisys Software Holding &
Industries Ltd (“Unisys”), Scan Infrastructure Ltd

4. Company’s Connection with PS IT Infrastructure ltd, JMD Sounds ltd &

Gulistan Vanijya Pvt Ltd who provided funds and shares to Noticee 1 to 11
who manipulated the price during Patch 1.

S.no Name Comment on following:

1. Greencrest - Transferred Rs 2.25 crores to Scan
Infrastructure Ltd on 8 feb 2013 and
received Rs 45 lakhs from Unisys on 10 May
2013
- Had more financial transactions wih Unisys
- Jagadish singh Purohit was common
director between Unisys and Scan
Infrastructure (any relation of Jagadish
Prasad Purhoit with Greencrest)
- Transferred Rs 50 lakhs to JMD Sounds Ltd
- Sushil Parekh, Director of Greencrest was
Common director with Dhruv Narayan Jha
in Denim Developers Ltd
(Relation with Dhruv Narayan Jha)