= HINA es September 22, 2016 To, The Secretary, Department of Corporate Services, BSE Limited, 25th Floor, Phiroj Jeejeebhoy Tower, Dalal Street, Fort, Mumbai: 400 001 Dear Sir/Madam, Ref: Company Code: 539384 & Regulation 30 of SEBI (LODR), Regulations, 2015 Sub: Partial Divestment in Equity Shares of Palco Metals Limited (PML) This is further to our letter Dated 06/09/2016, intimating about you the proposed divestment of Rs.50 Lakh by Krishna Capital and Securities Limited in Palco Metals Limited. You may please note that the Company has divested Rs.50 Lacs in Palco Metals Limited. As a result of divestment, the Company has decreased its Shareholdiny Palco Metals Limited from 22.28% to 19.42% making it a non-Associate Company You are requested to take a note of the same. Thanking you, Yours faithfully, For, Krishna Capital & Securities Limited Oshole Agua! Ashokkumar Agrawal (Managing Director) (DIN 009447: REGD. OFFICE : 403, Mauryansh Elanza, B/h. Parekh Hospital, Shyamal Cross Road, Satellite, Ahmedabad-380 015, Tel. : (079) 2676 8572, 2676 8573 Fax : + 91 - 79 - 2676 8572 CIN : L67120GJ1994PL.C023803 E-mail : ksbspl@yahoo.in Website : www.kesl.co.in