Page 87 - KRCL ENglish

Company that the approval of the President of India was actually received for INR. 4079.51
Cr. instead of the proposal of INR 4293.5339 Cr. sent for prior approval of the President of
India in terms of the Article of Association. The Company has communicated these facts to
Registrar of Companies and the correction is pending in Authorised Preference Capital.

We further report that there are adequate systems and processes in the company
commensurate with the size and operations of the company to monitor and ensure
compliance with applicable laws, rules, regulations and guidelines.

There were no other specic events actions having major bearing on Company's Affairs in
pursuance of the above referred laws.

This report is to be read with our letter of even date which is annexed as Annexure I and
forms integral part of this report.

Place: Navi Mumbai Signature:
Date: 24th July 2020 Sd/-
UDIN : F009230B000498928 Rupali Abhyankar & Co
FCS 9230 CP 10509

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