<h1>Securities offering limitations: proposed IPO filing is subject to approvals and US sales restricted to qualified institutional buyers.</h1> The release includes regulatory disclosures that certain statements are forward-looking statements and subject to risks that may materially affect actual results, with no obligation to update. It states that a draft red herring prospectus has been filed for Greaves Electric Mobility Limited and that any proposed initial public offering is subject to requisite approvals, market conditions, and other considerations. The announcement is not an offer of securities; equity shares are not registered under the U.S. Securities Act and may only be sold within the United States to qualified institutional buyers under Rule 144A or outside the United States under Regulation S. Potential investors are warned of risks and urged to consult the prospectus.