AJEL LTD. - Certificate In Terms Of Regulation 40(9) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

I have examined all Share Transfer Deeds, Memorandum of Transfers, Registers, Records and all other relevant files and documents of M/s. Ajel Limited, bearing CIN: L67120MH1994PLC076637, having its Registered office at 106, 2nd Floor, Mahada Shopping Complex, New Link Rd, Jogeshwari, Mumbai, Maharashtra- 400102', maintained with M/s. Adroit Corporate Services Private Limited as its Registrar & Share Transfer Agent having Registered Office at 19/20, Jaferbhoy Industrial Estate, Makwana Road, Marolnaka, Marol, Andheri (E), Mumbai, Maharashtra- 400059', pertaining to transfer of Equity Shares of the Company for the period from October 1, 2016 to March 31, 2017 for the purpose of issuing a Certificate under Regulation 40(9) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and based on the information provided by the Company, I hereby certify that the Company has delivered during the half year ended on March 31, 2017: