Letter to transferee informing the approval of the transfer of shares

Blue Star Industries Limited
35/C, Shahu Chowk, Kolhapur.

Tele. No.: 24771352                                                                   23rd  April, 2012
Ref.: C/35/2012

Mr. Yeshwant Magre
45/B, S.V Road,
Thane - 400 607.

Sub : Approval of Transfer of Shares'

Dear Sir,
I am directed to inform you that the Board of Directors in the meeting held on 10th April, 2012 has approved the application for the transfer of 50 equity shares in your name. Now, accordingly the shares have been transferred in your name.
The duly endorsed share certificate has been enclosed herewith. Kindly acknowledge the receipt of the same.
Thanking you.                                                                 Yours faithfully,
                                                                            For Blue Star Industries Ltd.
End : Share certificate