Pursuant to regulation 169(5) of the ICDR Regulations, please find enclosed herewith, a certificate issued by M/s Khilnani & Associates, Chartered Accountants, Statutory Auditor of the company,certifying that Baid Finserv limited is in compliance with regulation 169(4) of ICDR Regulations and the relevant documents thereof are maintained by the issuer as on the date of certificate.