HGS (INDIA) LIMITED

IPO Objectives

1. Funding the capital expenditure towards replacement of plant and machinery for our existing manufacturing facility at Manesar, Gurugram.

2. Funding the capital expenditure towards Backward Integration for setting up in-house gold plating facility

3. Funding the capital expenditure towards Infrastructural development of building on 2d Floor at our existing manufacturing facility at Manesar, Gurugram.

4. Pursuing unidentified acquisitions and general corporate purpose