Based on the certificate received from Universal Capital Securities Private Limited, Registrar and Share Transfer Agent of the Company, we hereby certify that the securities received for dematerialization during the quarter and half year ended 30th September, 2019 have been mutilated and cancelled after due verification and the name of the depository has been substituted in our records as the registered owner within the stipulated time of receipt of certificate of security.

Further, we hereby certify that the securities which were dematerialized are listed on the Stock Exchange where the earlier issued securities are listed.