Dear Sir Based on the confirmation received from Alankit Assignments Limited Registrar & Share Transfer Agent of the Company we hereby certify that the securities received for dematerialization have been mutilated and cancelled after due verification and the name of the depository has been substituted in our records as the registered owner. Further the certificates of securities which were dematerialized are listed on Stock Exchanges where earlier issued securities are listed. You are requested to take the same on your records. Thanking You