Based on the confirmation received from Venture Capital and Corporate Investments, Registrar and Transfer Agent of the Company, HIL has confirmed that all valid certificates of securities received for dematerialization have been mutilated and cancelled after due verification and the name of the depository has been substituted in the records of the Company/RTA as the registered owner within the stipulated period. Further, the certificates of securities which were dematerialized, are listed on BSE and National Stock Exchange of India.