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LN/598/2022 25th August 2022

BY REGD. POST. ACK. DUE

To;
M/s IIFL Securities Limited
(Formerly Known as India Infoline Limited)
IIFL House, Sun Infotech Park,
Road No. 16V,Plot No.B-23,
Thane Industrial Area,
Wagle Estate, Thane – 400604

Sir/Madam,
Under the instructions of our client Kusuma Bagur Shankaranarayana
who is residing at #386, 1st Main 57th Cross Subhash Bhavan Ideal Homes
Bangalore-560098, we are issuing this notice to you for Compliance.
1. Our Client states to us that they are in possession ‘Mphasis’ shares from
the past four years during which at the time, the registrar for said stock was
M/s Karvy Corporation. Subsequently after the liquidation of the said company
you assumed the title of registrar of the aforementioned stock.
2. Our Client states to us that you had issued our client with an IIFL client

code: 47529365 and trading account as login credentials to access the said
shares.
3. Our Client states to us that in order to access the Shares our client tried
to link her Demat account: IN30192630048803 to the said trading account and
has faced complications and after contacting your branch in Bangalore to seek
clarification our client was told it was due to a Statutory Order by the Revenue
Authorities in the Income Tax department.
4. Our Client states to us that she had verified the same with the Income
Tax Department using her PAN number and had not found any discrepancies,
notices or intimating on freezing of any kind whatsoever. Our Client further
states to us that based on her correspondence with IIFL personnel, it would
appear that the ‘Freeze’ status is a clerical/technical error on your behalf.
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Furthermore our client is also of the opinion that you have not examined
properly the underlying issues as to why the status of ‘Freeze’ is there and have
been giving unsubstantial reasons just to show they have addressed our
client’s concern.
5. Our Client has asked us to request you to provide evidence by way of any
underlying documents substantiating the ‘Freeze’ instruction from the relevant
authorities and failing which promptly ‘Unfreeze’ the aforementioned account
and address this clerical error at the earliest.
6. The current notice is issued to call upon you to acknowledge and fulfill
the terms stated above in no longer that 15 days from recite of this notice,
failing which our client has instructed us to take any necessary legal actions at
your time and cost.
for Pro Legal

K.S.RAGHURAM
FOUNDER & LEAD COUNSEL