MARATHWADA REFRACTORIES LTD. - Compliance Certificate Under Reg 7 (3) Of SEBI (LODR) 2015 For The Quarter Ended 31St March, 2017

Dear Sirs, Sub: Compliance Certificate under Reg 7(3) of SEBI (LODR), 2015 for half year ended March 31, 2017 Ref: ISIN: INE347D01011; Scrip ID: MARATHR; Scrip Code: 502250 (BSE) & 23106 (CSE) Pursuant to Regulation 7 (3) of the SEBI (Listing Obligation and Requirement) Regulations, 2015, please find attached the Compliance Certificate confirming that activities in relation to both physical and electronic share transfer facility are maintained by Company's Registrar and Share Transfer Agent. We request you to kindly take the same on record and acknowledge the receipt. Thanking You,