Disclosure of Proprietary Trading by Pentad Securities Private Limited pursuant to SEBI circular no. SEBI/MRD/SE/CIR-42/2003 dated November 19, 2003.

In pursuance of the directives issued by Securities Exchange Board of India (SEBI) vide its Circular no.SEBI/MRD/SE/CIR-42/2003 dated November 19, 2003 we wish to inform you that we being Members of National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange (BSE), may engage in proprietary trading activity in the exchange traded Securities on both the above-mentioned exchanges.

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