VALLABH STEELS LTD. - Compliance Certificate Pursuant To Regulation 7(3) Of The Securities & Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 7(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that activities in relation to both physical and electronic share transfer facility are maintained by the Company's Registrar and Share Transfer Agent, viz., Mas Services Limited, which is a SEBI approved category-I, Registrar & Transfer Agent, registered with Securities and Exchange Board of India (SEBI Registration Number : INR000000049).