Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015
To
Axtel Industries Limited
Village: Nurpura
P.O.: Baska
Halol: 389 350
Dist. Panchmahal Gujarat
We have reviewed the records concerning the company’s compliance of conditions ofCorporate Governance as stipulated in the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations 2015 for the financial year ended31st March 2018.
The compliance of conditions on Corporate Governance is the responsibility of themanagement. Our examination was limited to procedure and implementation thereof adoptedby the company for ensuring the compliance of the conditions on the Corporate Governance.It is neither an audit nor an expression of opinion on the financial statements of thecompany.
We have conducted our review on the basis of the relevant records and documentsmaintained by the company and furnished to us for the review and the information andexplanations given to us by the company.
Based on such review in our opinion the company has complied with the conditions onCorporate Governance as stipulated in the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations 2015.
We further state that such compliance is neither an assurance to the future viabilityof the company nor as the efficiency or effectiveness with which the management hasconducted the affairs of the company.
| Place: Vadodara | For Dinesh Mehta & Co. |
| Date: 17.05.2018 | Company Secretaries |
| [Dinesh Mehta] |
| Proprietor |
| C.P NO. 2127 |
