| Avantha Technologies
Limited is a designated Technology
Outsourcing Services company of the
Avantha Group. The Group companies
include, Ballarpur Industries Ltd. (BILT),
Crompton Greaves Ltd. (CG), The Global
Green Company Ltd., Solaris ChemTech
Industries Ltd. (SCIL), Avantha Power and
Infrastructure Ltd. and Salient Business
Solutions Ltd. We confirm that Avantha
Technologies Limited or any of its Group
companies, mentioned above and their
subsidiaries, do not have any
relationship,direct or indirect or whether
business, strategic or investment
related,with and/or in Vayam Technologies
Limited (formerly known as IBILT
Technologies Ltd.) or any other entity
owned or managed by Mr. Ashok Tiwari.
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