This refers to our applications to your stock exchange seeking trading permission for shares allotted on exercise of stock options during the quarter ended March 31, 2017. As required, we enclose herewith the certificate for the quarter ended March 31, 2017 issued by S. R. Batliboi & Associates LLP, Statutory Auditors of the Company stating that the Company has received the application money for 53,557 equity shares allotted during quarter ended March 31, 2017.
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