Jj G. Regional Director (NWR), Ahmedabad.

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1 GRAM:COMPANYREG -roc.ahm(q?sb.nic.in TELE: Fax NO GOVERNMENT OF INDIA, MINISiRY Of CORPORATE AFFAIRS, OFFICE OF THE REGISTRAR OF COMPANIES', GUJARAT. ROC BHAVAN, OPP: RUPAL PARK NARANPURA, AHMEDABAD Jj G NO.ROC/GujIVancos Citizen Yarns/2011 r~3r Date: BY SPEED POST To: Secretary to the Govt. of India, Ministry of Corporate Affairs, 5 th Floor "A" Wing Shastri Bhawan, New Delhi ~ Through Regional Director (NWR), Ahmedabad. Sub:- Company's request for deletion of name of the company From the list of Vanishing Companies. -MIs. Citizen Yarns Ltd. Sir, Please find the letter dated of the Company under reference on the subject cited above In this connection, I am furnishing report as under :- 1. The above named company Mis. Citizen Yarns Limited was incorporated on in the State of. Gujarat under the provisions of the Companies Act, The company was formed as a private Ltd. under the.name and style of Citizen Yarns Pvt. Ltd. and subsequently converted into a Public Limited Company on The Company was formed by the Following individuals who are the subscribers to the Memorandum of Association: a. Shri Anil M. Todi, b. Shri Arvind M. Goenka 4. The main object as per the Memorandum 'of Association filed by the company at the time of registration of the company are mainly "to carryon the business of manufacturing, trading, importing, exporting, spinning, doubling, twisting, processing and dealing in all kinds of yarn like natural/manmade yarn, synthetic yarn, cotton yarn, natural fiber yarn, viscose rayon yarn, other rayon blended yarn, viscose 'staple yarn and all other kind of fibers, polyster filament yarn, nylon type yarn and cord. polypropylene staple fiber and to act as exporters, importers, retailers, merchants, buyers, sellers, brokers, selling agents; distributors, commission agents, stockists and suppliers of all kinds of yarn, silk viscose, cellulose, artsilk, cotton, wool, hemp, linen, canvas and all other kinds of fibrous materials ors ubstance.

2 on 5. The following were the first directors of the company as per the Articles of Association filed by the company with this office at the time of incorporation of the company: a. Shri Vijay M. Todi, b. Shri Hariprasad G. Khetan 6. The company came out with a public issue of 19,90,000 equity. shares of Rs.10/- each for cash at par aggregating to Rs lakhs. The directors of the company as per Special Resolution passed at E.G.M held i U/s A of the Companies Act" were as under. a. Mr. Vijaykumar Todi b. Mr. Hariprasad Khetan c. Mr. Govindram Khetan d. Mr. Saurabh Soparkar. e. Mr. Prakash Shah The present directors of the company as per the details available in the annual return of the company for the period ended on so" September, 2010 and also as per the web site of MCA are as follows :- a. Mr. Hariprasad Khetan b. Mr. Ankur H. Khetan c. Mrs. Usha H. Khetan d. Mr. Hitesh H. Parekh e. Mr. Rajubhai B. Desai At present the Board of Directors is as under: a. Mr. Hariprasad Khetan b. Mr. Ankur Khetan c. Mr. Hitesh H. Parekh d. Mr. Rajubhai B. Desai Mrs. Usha H. Khetan has resigned w.e.f Prior to year 1999, SEBI had identified 229 companies in India which were not available at their respective registered offices as per their respective Stock Exchanges while taking physical inspection. Such companies were termed as Vanishing Companies. 8. The aforesaid list of such 229 companies was forwarded by SEBI to this Ministry for taking necessary action against those

3 companies. The Ministry forwarded the said list to the ROGs vide letter No Sp1.Cell dated ' for taking necessary action as may be required. A copy of the said letter alongwith list of such 229 companies and 65 companies situated in the State of Gujarat, is enclosed herewith marked as Annexure A to this report. It is pertinent to mention here that an highest forum known as Coordinating & Monitoring Committee (CMC) has been formed by Ministry consisting representatives of SEBI, Stock Exchanges, and others as members of the said forum in addition to forming Regional Task Forces on Vanishing Companies. It' has been clarified in the meetings of CMC/Regional Task Forces held on that Vanishing Companies are identified on the basis of the following criteria- A company that :- (i) does not comply with the listing requirement for two years (listing requirements include filing of Annual Returns, and Balance sheets) with Stock Exchange/ROCs. (ii) does not submit the required reports to Regional Stock Exchange, (iii) \does not correspond with Regional Stock Exchange for two years. - (iv) is not available at its registered office at the-time of Stock Exchange inspection. The said definition of vanishing company has been re-defined in the meeting of Task Force meeting ( Western Region) held,on which is reproduced hereunder:- A company would be deemed to be a vanishing company, if it is found to have: a) failed to file returns with Registrarof Companies ( ROC) for a period of two years. b) Failed to file returns with Stock Exchange (SE) for a period of two years (if it continues to be a listed company)

4 14. c) If it is not maintaining its registered office of the company at the address notified with the Registrar of Companies/Stock Exchange; and d) None of the Directors are traceable. It has been' further clarified that (i) All the conditions mentioned above would have to be satisfied before a listed company is declared as a vanishing company. And (ii) The condition mentioned at (a), (c) & (d) would suffice to declare a company as vanishing if such company has been de-listed from the Stock Exchange. 9. Out of the said list of 229 companies, 65 companies pertain to the State of Gujarat, out of which 30 companies including 4 companies under liquidation are still' Vanishing Companies, whereas remaining companies have been deleted from the list of Vanishing Companies. 10. The aforesaid company is presently under the list of Vanishing Companies. 11. As regards the filing status of this company with MCA, it is to state that the company has filed all the statutory returns viz., Annual Accounts, Annual Returns, etc., for and up to the financial year ended on A snap-shot of filing status of the company since the year 1995 till date as pernic/mca is annexed to this report marked as Annexure As regards the compliances of, the company with Ahmedabad Stock Exchange (ASE) and Bombay Stock Exchange in regard to listing agreement is concerned, the Company enclosed the copies of the letters submitted to the BSE as per the requirements of Listing Agreement. Copy for the quarter ended as at Annexure -C). ' 13. It is further to state that as per the records available or ~/1,-. - there are no complaints pending against the compel! '} affairs. The company has also submitted a cettiiice; Khushbu Thakkar, Practicing Company Secretary, Ahmedabad to this effect that there is no complaint of Investors in MeA pending as on date.

5 15. As per the records available with this office, at present the Regd. office of the Company situated at 2 Corner, Nr. Tirupati Complex, Under Jlvraj Bridge, Satellite, Ahmedabad As per 8/S it has been observed that the co. has increased the business activities and earned the net profit of Rs. 2,28,680/ it is further to state that this office had filed FI R against the Directors of the Company as per instruction of the directorate/ministry which is pending with the Court. From the above facts it is observed that the name of the company is appearing in the list of Vanishing Companies though it did not come in the conditions/parameter of a Vanishing Company at this time. Under the circumstances and facts submitted by the company, and in view of the revised definition of Vanishing Company, this office has no objection if the name of the company is removed from the list of Vanishing Company, in view of updated filing status of the Company with ROC. However the Ministry may kindly consider the request of the company on merits and may issue such instructions as may be deemed fir and proper on merit of the case. Yours faithfully ~A) DY. REGISTRAR OF COMPANIES, GUJARAT. Encl: as above Annexure A, B, ~, D

6 Lkjder Jiv\-sj t3rlclgs, Sa1:slBte id..hrfled,:xbck\-3800s'1 \\11.: ::; E..mei! : cjtizenyarns1990@s;mai!.com Date: 30 th May, 2011 To, The Registrar of Companies, ROC Bhawan, CGO Complex, Nr. Ankur Bus Stand, Naranpura, \ Ahmedabad Sub: Request to revoke the name of the company from the Vanishing Companies. With reference to the caption subject we hereby inform you that we had started the business activities for last three years and also filed the Annual Report and Annual Return of the company with the Registrar of Companies upto the financial year We had also complied with all the provision of the Listing Agreement with the Bombay Stock Exchange. Please find the copies of the Annual Report, Annual Return for last three years and stock exchange compliances for your needful action. In view of the above, we hereby request you to revoke the name of the company from the Vanishing Companies. Thanking You, Yours Truly, For Citizen Yarns Ltd. DIRECTOR

TI~RUPATI FOAM LTD. Manufacturers of: POLYURETHANE FOAM

TI~RUPATI FOAM LTD. Manufacturers of: POLYURETHANE FOAM 3 IS 7933 CM!L7435070 Tele. : 26304652/53/54/55 Fax : 91-79-26304658 E-mail : tirufoamtirupatifoarrcom Website : www.tirupatifoam.com www.sweetdreamindia.com CIN : L25199GJ1986PLC009071 TI~RUPATI FOAM