INDIANIVESH LTD. - Updates

With reference to the notification dated August 7, 2017 issued by Securities and Exchange Board of India (SEBI), we would like to state that the name of one of our Subsidiary Company IndiaNivesh Capitals Limited (ICL) has been included in the list of suspected shell companies published by SEBI.<BR> <BR> <BR> We further state that ICL had not received any communication regarding the company being suspected to be a shell company either from MCA, SEBI or any other regulatory authorities. ICL has duly submitted its representation to SEBI (through email), Stock Exchanges, Depositories which is self-explanatory (Copy enclosed). <BR> <BR>