ILDS SCHEDULE III – FORMAT OF DUE DILIGENCE CERTIFICATE TO BE GIVEN BY THE DEBENTURE TRUSTEE BEFORE OPENING OF THE ISSUE

To,
SECURITIES AND EXCHANGE BOARD OF INDIA
Dear Sir / Madam,

SUB.: ISSUE OF ____________________ BY _______________LTD.

We, the Debenture Trustee (s) to the above mentioned forthcoming issue state as follows:

(1) We have examined documents pertaining to the said issue and other such relevant documents.

(2) On the basis of such examination and of the discussions with the issuer, its directors and other officers, other agencies and of independent verification of the various relevant documents,

WE CONFIRM that:
(a) The issuer has made adequate provisions for and/or has taken steps to provide for
adequate security for the debt securities to be issued.

(b) The issuer has obtained the permissions / consents necessary for creating security on
the said property (ies).

(c) The issuer has made all the relevant disclosures about the security and also its
continued obligations towards the holders of debt securities.

(d) All disclosures made in the offer document with respect to the debt securities are true,
fair and adequate to enable the investors to make a well informed decision as to the
investment in the proposed issue.

We have satisfied ourselves about the ability of the issuer to service the debt securities.

PLACE
DATE:

DEBENTURE TRUSTEE TO THE ISSUE WITH HIS SEAL