vijayanaqar cotony, HydeGbadPhone : (0) 91-40-2334093t.lax . 91 4A-23341213e-nail : dh1300@qmajt.con

O$ SHAIK RAZIA

D. HANUMANTA RAJU & CO.COMPANY SECRETARIES

- 500 057.

COMPLIANCE CERITFICATE

CtN oIthe Compdy- U62341AP1'99PTC031126

Afthon*d C,pii€l - R€.60,00,0001Paid.up Capital - Rl.25,14,000/-

IVBCL PSC PTPES PRWATE LIMITEDM 2z3RT, VijayanaFr Corony,

I la@ exrnired th€ registeB, ieords, books and papem of Iv&cL Psc PIPESPRryATE LIMI'IED (the ftnpuy) as requisd t be odnt€in€d unile. theCoopaDies A!i, 1966, (ihe Act) ald ihe rules bade ilsre utler and 31s th€ p.oYigionacontained in the Menonndum and Articles ol Ass@ilhon of ihe Coapanv for th€filldcial y€ar ended on 31st March, !011. ln ny opinion antl to ile hest of nvblornatioD a.d a@rilins to the enminations cdied out bv ne a l explanatiofffur dhed !o be by the @Dp@y, itd o6@rs atrd acenLq, I €rtifu tlat in €6ped of th€afor4aid financial year:

L the conpany has kept and naintdined reBr6teB as dtaietl ir 'Arleau€ !l io this@.tri@te, a6 ler the p.oYisiond and the rules Dade there under lnd 3I €ntriesthereh hare b€en ddy remrdeil.

2. ihe @mpatry has 6led foms and retud. @ stat€d in An€lue B' to ib!cediEddte wilh tle Registru of Conpanies.

3 .

ii. Iae lot invit€d or a@pt€tt sny depGit€ 6on ledond oth€r ihq! ito nenbers,ilireciors o. th€n rehtives-

4. ihe Bodd of Dilecto6 duly nei 6 (Six) times on 12s April, 2010, 03d Mav, 2010O3d Jue, 2010, 2Os Seltenb€r, 20 10, 15'! Nov€nhe., 2010 ad 14d M{ch, 2011 inreapect of wlich neetils€ noticed {€re siren anil ih€ p@eiline6 were lropertreoriled anil sign€d in the Minutes Book nsintaireil fo! tle purpoF

tiE @npany l€ins a private UEit€d mmra.y lta6 thecapitrl and its msi&un nMber of meEbers duing4 (FOITR) ercluding ii6 pr€ent ald paBt eoployeeB and

i. has rci invited public to subuibe for its 6lffis oi

niniom premibed paid uptne said fnancial red wasthe corpany du.ing fh€ yed

D, E@@oito RqiL & Cn.,

6,

3. the €mpaDy has not ailvd@d any loans io it8 rliletoB d pe@@ or 6r. o@Dpenies rcf€reil to uder section 296.

f. ihe mnpany Ia6 not enteEd into dy ontract8 fallilg within tle pwiew oI S€ciion

10. the cmpdy Ls made red666arr enhie6 in the ft8i.l€r naintain.rl u<I6r @ctio^

7.

11. as t!€re q€rc no imtmc$ falling within th€ pwiew &ction 314 of th€ A.! thecoEpany ls Dot obtainerl n*ssary appmvab &oD tle Bosd of DiEciors,DeobeEo! the C€nhsl CovonneDt.

12. the Company has not i6d@rl dy ihplicate gh@ @rti6@&d alEilg the Enarci.I

IvBcL PSC PlDos Flt€te Lieit€d

tI€ @bpany ha3 not clo*d ita Reghter of MenbeF durinc the 6n@isl ye&,

ihe Antrual CercmI M€eting for tho Snancial year ended or 3r.rMqch, 2010 wlsLeld m 29d Jue, 2010 aft6r Eivinc dE notio to th€ neb!€E mrl tlE resolutiongpasserl tlereat w€re re@rdeil ir Milute B@t nainteined {o. tle pupose.

An extra-ortlinary s6n6El n€etin8 ws h€lil o! 02d Jue, 2010 iluirg the frmciol

(i) had not etlott€ivtlmsl€re{Vtrusnitterl any shNs duirg ihe Gn@ial

(it the Codpany ias not d€posii€d ey aEoui in a *peat€ Blnk Asuta. no dividend Fas declsd duin3 the inMcid y€d.

(nt tLe Conlary was Dot sqdred io posi wddt€ t any Deoh€! of theConp,ry s m diwid€nd was declmrl iluing the 6rami,l y.r-

(i, the Compdr h!. t ans{enerl th€ abouts i! spaid divid.nd a@ut,appUcatioD boDey d@ br etu!4 odt@d deposit€, naimil rl€b6ntu66ed the int4lesi a@Ed tleHn whi.h hav6 rcnaine<l urclaioed orunFid for a pedoil of seven years to invedtor edu€tion md pret4ctionfim.L - Nol APPLICABIJ.

(v) la8 @EpUerl with the prcviiion. of.ation 21? of the Act.

13.

19,

20,

21,

D. Eanumadta nqju & co.

MCL PSC Pi!€s Pdwit Linitcd

14. the Bodd of Dircctors ol tle Conpary is duly onEtitnteil. Tlea sa. noappoiltnent ofAtlditional DtectoB, Alterlate DinctoB anal Dir€cto$ to fiI CasualVadncy duaing the brdcial year.

16. t!€ Clmpany h$ not appoini€d any Mafrging Dilmt./ Whde trne Di.et i/Mml3er iluin8 the fildcial y€d.

16. tlE CompaDy las noi aploint€d my sle.Bsling agent€ duing the 6n@iEl ye&.

I?. tne cdpdy !a6 loi obtained any apprcvals of the Centrdl Gov€menl ConpanyIaw B.ed, R.gioMl Dir€ctor, R€gis&ar andor such oiLe. afthond€s ud€r theveiols prcvisions of the Act dudng the ffnand,l yoar

the rliectoE lav€ discl@d thei! inierest in otler tns/@dpani4 to the B.ard ofDirectoE pusua.t to tle psvieotu of the Act ard the rules na& there nnder

tle oDpany las not issued a.y sleddebentur$ or otler s@uitiee dunnc tn€

the conpdy ha. noi botrgLt back any 6!ms duins th€ fnancial ,€di

the conpany has rot i4ued any preferen@ dhes/debetrtw8 aDd h€n@ ilequestion of red€nption of prelerence s!@s/debentue6 dEs not eise duing tleErancial year qnder review.

theF sere no hdra.tios necedritdtinA il€ dodpdy !o l*p ir abeymc th€ right€to diviilen4 nghis sles ad bolus shares p€nilinc resi.trrtion ot husler of

23. the Conpany has not irvited / a@ept€d aly .lepo6it6 includirs any D@c@d lo@&[rc ]ithi,be pu@s otSeaion bSAdu.inc rhe 6nM@l rF

24- the Company ha6 noi oa& any bo(owin$ above ihe linit6 nentioned ud€rsection 293 (1) (rl) oI the Act rlui's tlE yee under scutiny.

25- the C.npany laE prcvideil recuity to other borly mrpolate, whicl is with iD th€linib Drescribeil ud€r S€.tion 372A oI ihe Act.

26. the conpany has not slt€red tne prcvidons of tle nenorudu witL respect tosituation of ih€ conparys rccist€red o6ce ton one etate to uother duinc the ,€a.

2?. ine @Dpany )ra6 not alt€red ti€ phvisiond of ile m€moraldm with E6pect lo tLeobJesof tle @Dpany dl)rug the y.e utrdor s.ruriny.

28.tle @mlany h$ not alt€.erl the prcvisions of tle menoranrlu triil resp€ct t

22.

name of the @npany dudns the yee uil€r &rutiny

D. Edtumdfio nqjL & co,

naRCL PSC PiIEs Privlt€ LiEited

2e. the mhpany las not e&€rc4 ile provisiond of th€ beno.sam vitL respe.t t .hmcrpital of iLe @npaly duDs the yeE utuI6r erutiny.

30. tl€ mpary has lcn a1t€r6il it6 Articl€6 of Alwiation duing the imrcial t€n

31, th.E ws m prcsaution iaitiat€d against or slor ca$e noti@ rMivsd by tn€@Epany aaal @ 6neo Mtt ps!6lti€s or aDy otle. puidhbent was in!@il on tle@Epdy durjng tlE inancisl J€r, fo. of,€n@s uiLr th€ Act.

32. the @npdy hs not re@iv€d any noney as secuity fron its €uplove$ duina ihe

33. the conpany has mt @nstituied ey Prcvideri Fund pu6usi to ectiotr 418 of ibeAci duing the Enadal r€d.

sisnaiur.: 0 l1 oj . ( u 2 :Nmo of CmpaEy Se@ttry:

ACS: 17741i C, P. No:7424D. saDudEt! RaJu & Co"C@poy S€cr6bri66

Drte 12,06.1011

D. Ilatlmcnta &dju & Co..

rYBCL Psc PipA Pdvate LiEtted

.ANNEIIiRE A:BEGISTEBS MATNTAINED BY TIIE ODMPANY

sl NA.II'E OF TEE REGTIITEB T.INDEBsEc1loN

t , 160

2. Regidt€r of Char€Es Orduilirc Deberiued 1,13

9, 301

R€siBter of Diector, Mmasins Ditcior and 6.cFt ry 303

6, Rasi6@r olDirem6 Shmholdins dd DobetrlE8 Holdioco 307

n"4bter of lirestn€nt8 or l@ nad6, eurmtee gire! or e@ity x72A

1. 209

8. &si6t€r of abm ftusbrg

L R€gist€r of Fneil aeto

10.

Dat€: rt06.r0rt

sielatlre: n n c& f-x'A-

N.@ of CoEpdy Se@t!ry:

ACS: 17741i C. P. No: 78!4D. Ea!!,Eet! Rqi! & Co"Compdy S.@i.ri6r

D. E*unantd R4iv & co.MCL PSC PiDes Plitt€ Limitoil

.ANND'URI - R

F<,fu dd Etums 6led by the ComFdy with B€gistrd of C@pDi$ duirgthe 6@oial yod .iling 8ln Mdrcrt ,0rr,

sre".t*, $.

N@ ot C@pdry Se@&ryl

ACS:1?7,1! C, P. No: 7a24D. IIdt'llqt! Baju & Co.,Compsy Se@tEieg

sl Fil€ilFilirg

SBN

dlod

No

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123AC&

22n 26.07-20t0 P4S008790

3asA 26.07.2010 P4900a106

3.N B

169 1108.2010

4. 293GXa)

17-09-2010 A04186428

6. 126 06.07-2010433490?r9