Pursuant to Regulation 169(5) of the ICDR Regulations, please find enclosed herewith, a certificate issued by M/s Khilnani & Associates, Chartered Accountants (Firm s Registration No: 005776C) Statutory Auditors of the Company, certifying that Baid Finserv Limited ( Issuer or Company ) 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 the certificate.