Certificate Of Compliance Under Regulation 7 (3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended June 30, 2018.

• Security Code: 540180
• Company: VBL

Pursuant to the provisions of Regulation 7 (3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby certify that the Company has complied with Regulation 7 (2) of the aforesaid regulations in relation to both physical and electronic share transfer facility maintained by Karvy Computershare Private Limited, Registrar and Share Transfer Agent of the Company registered with SEBI for the half year ended June 30, 2018. The certificate received by the Company from Karvy Computershare Private Limited is enclosed.

Further, please note that the Company is following 1st January to 31st December as its financial year in terms of Section 2 (41) of the Companies Act, 2013 as approved by the Company Law Board.

You are requested to kindly take the same on record.