MORARKA FINANCE LTD. - Regulations 7(3) For Compliance Certificate - Quarter Ended March 31, 2017.

Pursuant to Regulation 7(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to forward herewith the Compliance certificate duly signed by the undersigned and RTA, certifying compliance with the requirements of sub-regulation (2) for the half year ended March 31, 2017 as per your format. Kindly acknowledge the receipt of the same.