To

The Board of Directors

TRIBHUVAN HOUSING LIMITED MUMBAI(GUJ.)

I NARENDRA R SHAH Managing Director of the Company do hereby certify that:

1. I have reviewed the financial statements and the cash flow statement for the year2016-17 and to the best of my knowledge and belief: a. These statements do not contain anymaterially untrue statement or omit any material fact or contain statements that might bemisleading. b. These statements present a true and fair view of the Company’s affairand are in compliance with existing accounting standards applicable laws and regulations.

2. There are to the best of my knowledge and belief no transactions entered into bythe Company during the year which are fraudulent illegal or in violation of theCompany’s Code of Conduct.

3. I accept responsibility for establishing and maintaining internal controls forfinancial reporting and that we have evaluated the effectiveness of internal controlsystems of the Company pertaining to financial reporting and we have disclosed to theauditors and the Audit Committee deficiencies in the design or operation of such internalcontrols if any of which we are aware and the steps I have taken or propose to take torectify these deficiencies.

4. I have indicated to the auditors and the Audit committee: a. Significant changes ininternal control over financial reporting during the year; b. Significant changes inaccounting policies during the year and that the same have been disclosed in the notes tothe financial statements; and c. Instances of significant fraud of which we have becomeaware and the involvement therein if any of the management or an employee having asignificant role in the Company’s internal control system over financial reporting