Karvy stock broking limited
Transfer of shares not done although the payment has already been made

From: Mrs. Shilpa Agarwal

c/o, Mr. Satya Narayan Tibrewala

26, P K Tagore Street- Main Bulding (3rd floor) Flat No. 2

KolKATA-700 006

Phone No. 033-25433313

Sir,

I had asked one of your sub-brokers, M/s Sundar lal Sadani Vijay Kumar Sadani -- No.11158373 of KSBL to close the below-mentioned five demat accounts and transfer all the shares therein to another demat account in my name at Indiabulls -client Id 11438360:

a) Mrs Rajkumari Tibrewal & client id - 16296776 & Reliance power equity share -- 27 in number

b) Mrs Minaxi Dabriwal -- client id - 16297923& reliance power equity share -- 27 in number

c) Mr Amar Tibrewal ; Client id -16297206 -- Reliance power equity share -- 27 in number

d) Mrs Aruna Mohatto ; Client id -16323613 -- Reliance Power equity share -- 25 share

e) Mrs. Shilpa Tibrewal ; Client Id - 16296784 & Reliance Power equity share -- 27 share

We had asked one of your sub-broker M/s Sundar Lal Sadani vijay Kumar Sadani to transfer all these shares to another demat account in the name of Mrs. Shilpa Agarwal, with Indianbulls. We also gave a cheque of Rs.18088 of United Bank of India, Nimtala branch, Kolkata, having cheque no.854887, dated 08.02. to sub-broker firm M/s Sundar lal Sadani Vijay Kumar Sadani whose code number is 11158373 of KSBL - Kolkata. Although your sub-broker firm has taken the payment against this cheque but they have not transferred the above -mentioned shares in the name of Mrs. Shilpa Agarwal - whose demat account is with Indiabulls

Sir, I do not understand why the transfer has not yet been done.

Please look into this matter urgently. If there is any deficiency on our part please let us know.

With regards,

Mrs. Shilpa Agarwal

c/o, Mr. Satya Narayan Tibrewal

26, P K Tagore Street- Main Bulding 3rd floor ; flat no 2

KolKATA-700 006

dated 29.05.2011

Phone No. 033-25433313