OBJECTS OF THE OFFER1. To meet working capital requirement of our Company,Expansion of Manufacturing facilities at Unit III, to acquireland in SEZ Pithampur and then to set- up a newmanufacturing plant (i.e. Unit IV) in SEZ Pithampur to cater toincreased export business resulting out of acquisition ofRodney Hunt in USA and Mahr Maschinenbau GmbH inAustria and for General Corporate Purpose.2.Fund required for exit of Pragati Fund India Limited includingOFS and Pre IPO placement.3.To meet the Offer Expenses