Crystal Business System Ltd

With reference to circular No. SEBI/ HO/DDHS/CIR/P 2018/144 DATED 26TH NOVEMBER 2018 in respect of fund raising by issuance of Debt securities by Large Securities we hereby confirm that our company SADHNA BROADCAST LIMITED does not fall under the criteria given for Large Corporates as on 31st March 2023 as per applicability framework mentioned in the above said circular.