MODERN SHARES & STOCKBROKERS LTD. - Submission Under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 Dated November 26, 2018 Regarding Submitting Of Initial Disclosure/Confirmation Within Prescribed Due Date

With reference to the aforesaid SEBI Circular we hereby submit that our company is not falling in criteria prescribed in Regulation 2.2 of aforesaid circular. Thus we are not a Large Corporate and the company has no debt securities.