Amal Ltd 2011-12

19 Auditors’ Certificate regarding compliance of conditions of Corporate Governance To the Members of Amal Ltd We have examined the compliance of conditions of Corporate Governance by Amal Ltd for the year ended on March 31, 2012, as stipulated in Clause 49 of the Listing Agreement of the said Company with Stock Exchanges. The compliance of conditions of Corporate Governance is the responsibility of the Management. Our examination was limited to procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of the Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Company. In our opinion and to the best of our information and according to the explanations given to us and based on representations made by the Directors and the Management, we certify that the Company has complied with the conditions of Corporate Governance as stipulated in Clause 49 of the above mentioned Listing Agreements. We further state that such compliance is neither an assurance as to the future viability of the Company nor the efficiency or effectiveness with which the Management has conducted the affairs of the Company. For Haribhakti & Co Chartered Accountants Firm Registration No. 103523W Rakesh Rathi Mumbai Partner May 5, 2012 Membership No. 45228