JM FINANCIAL LTD. - Re: Certificate Pursuant To Regulation 40(9) Of SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015<BR> Security Code: 523405<BR>

Pursuant to Regulation 40(9) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, we are forwarding herewith a copy of the certificate received by us from M/s Naren Shroff & Associates, Practicing Company Secretary, Mumbai. The said certificate is for the half year ended on September 30, 2017. <BR> <BR> Kindly acknowledge receipt.<BR>