Page 104 - KRCL ENglish

passed in EGM dt.16.02.2009. Based on this Form 5 was led with ROC for the
increase in Authorised share capital. However, later the H'ble President of India
approved the increase of Rs.4079.51 Crores only. Consequently the application was
given to MCA for correction / reduction in authorised share capital in line with approval
of President of India. However, the same is not yet done and the Management is
pursuing for the same.

We state that such compliance is neither an assurance as to the future viability of the
Company nor the efciency or effectiveness with which the Management has
conducted the affairs of the Company.

For V. K. Surana & Co.
Chartered Accountants
Firm Reg. No.110634W

Sd/-
CA. Sudhir Surana
Partner
Membership No. 43414
UDIN: 20043414AAAACH9576
Place – Nagpur
Date – 31st July'2020

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