GUJARAT HOTELS LTD. - Format of the Annual Disclosure to be made by an entity identified as a Large Corporate

With reference to the SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November, 2018 for fund raising by issuance of Debt Securities by Large Corporate (LC) and disclosure compliance thereof by the LC, we hereby confirm that our Company i.e. Gujarat Hotels Limited is not a LC as per the framework specified in the aforesaid Circular.