HB STOCKHOLDINGS LTD. - Certificate Under Regulation 40 (10) Of SEBI (LODR) Reg 2015 For The First Half Year Ended September 30, 2017

We are submitting herewith Certificate dated 9th October, 2017 issued by M/s P.P. Agarwal & Co., Practicing Company Secretary, under Regulation 40(10) of the SEBI Listing Obligations & Disclosure Requirements) Reg 2015 for the First half year ended on 30th September, 2017.<BR> <BR> You are requested to take the above certificate in Compliance of Regulation 40(10) of the Listing Regulations on your record.<BR>