With reference to SEBI Circular No.SEBI/HO/DDHS/P/CIR/2021/613 dated August 10,2021 (updated as on April 13,2022) with regard to fund raising by issuance of debt securities by large entities, we hereby confirm that the Company does not meet the criteria of being identified as a Large Corporate as per the applicability framework provided in the aforesaid circular and therefore the said circular is not applicable to the Company, for the time being in force