ALPIC INFRASTRUCTURE BONDS
Non payment of dividend and Final Redemption Amount

Dear Sir

I was alloted 10 (TEN) SECURED REDEEMABLE NON-CONVERTABLE BONDS OF RS 1000/-each FULLY PAID UP9in the nature of debentures) by Alpic Finance Limited, regd office :6th floor, New Excelsior Bldg, Wallace street, Fort Mumbai 400 001 on 31-3-1998/30-6-1998.

The details are&&

Regd Folio No&&--A2/N000108

Certificate No (s)&-00004963&00004964

No of Bonds&&-10 (Five per certificate)

Distinctive No (s)&00031880-00031884 &00031885-00031889

GIVEN UNDER THE COMMON SEAL OF THE COMPANY ON 11TH DAY OF AUGUST -1998

As far as i remember the interest was paid for a year or so and then stopped w/o assigning any reason.

I applied for the redemption as per term 3 (1) on 09-03-02 and also requested for payment of interest for the year 2001& but to no avail., Resubmitted on 22-03-02 . No reply or the payment has been received as yet

Kindly take up the issue at appropriate level to get the due payments

Thanks and Regards

Niranjan Dass khorana