NOEL PHARMACEUTICALS LIMITED
Non Payment of Shares

SIR,

WE HAVE INVESTED RS.15000/- FOR 1500 SHARES ALLOTTED OF NOEL PHARMACEUTICALS LIMITED (FOLIO NUMBER - 000015 AND CERTIFICATE NUMBERS - 000138, 000139, 000140, 000141, 000142, 000153, 000154, 000155, 000156, 000157, 000158, 000159, 000160, 000161, 000162) ON 25TH SEPTEMBER 1995

BUT TILL DATE WE HAVE NOT RECEIVED ANY AMOUNT FROM NOEL PHARMACEUTICALS LIMITED.

KINDLY ISSUE OUR AMOUNT AS EARLY AS POSSIBLE.