Vadilal Industries Ltd

Pursuant to Reg 74(5) of the SEBI(Depositories and Participants) Reg2018 enclosed herewith is the copy of the certificate received from our registrar and share Transfer Agent MCS Share Transfer Agent Limited certifying that the securities received for dematerialization have been mutilated and cancelled after due verification and the name of the depository has been substituted in the records as the registered owner within the stipulated time of receipt of certificate of the security and the details of the securities which are dematerialized is furnishings to the stock Exchange.