Dear Sirs,Having read, understood and agreed to the contents and terms and conditions of Indian Railway Finance Corporation Limited's Shelf and Tranche-1 Prospectus dated January 19, 2012, ("Prospectus") I/We hereby apply for allotment to me/us; of the under mentioned Bonds out of the Issue.The amount payable on application for the below mentionedBonds is remitted herewith. I/We hereby agree to accept the Bonds applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to applicable statutory and/or regulatory requirements. I/We irrevocably give my/our authority and consent to Indian Bank to act as my/our trustees and for doing suchacts and signing such documents as are necessary to carry out their duties in such capacity. I/We acknowledge that the Applications made by me/us do not exceed the investment limit on the maximum number of Series Bonds which may be held by me/us under applicable statutory and /or regulatory requirements. By making this application, I/Weacknowledge that I/We have understood the terms and conditions of the Tranche-1 issue of Series Bonds of the Company as disclosed in the Prospectus. Notwithstanding anything contained in this form and the attachments hereto, by making this application: In case of applicants other than NRIs: I/We confirm that I am/We are IndianNational(s)/registered in India, resident in India and I am/ we are not applying for the said Bonds as nominee(s) of any person resident outside India and/or Foreign National(s). In case of NRI applicants: I/we confirm that I am/ we are a NRI(s) as per Foreign Exchange Management Act, 1999, as amended and rules, regulations, notifications and circularsissued, and I am/ we are not applying for the said Bonds as nominee(s) of any person resident outside India (other than an NRI applicant eligible to apply under the Issue) and/or Foreign National(s).Notwithstanding anything contained in this form and the attachments hereto, I/we confirm that I/we have carefully read and understood the contents, termsand conditions of the Prospectus, in their entirety and further confirm that in making my/our investment decision, (i) I/We have relied on my/our own examination of the Company and the terms of the Issue, including the merits and risks involved, (ii) my/our decision to make this application is solely based on the disclosures contained in the Prospectus, (iii)my/our application for Bonds under the Issue is subject to the applicable statutory and/or regulatory requirements in connection with the subscription to Indian securities by me/us, (iv) In case of applicants other than NRIs: I am/We are not persons resident outside India and/or foreign nationals within the meaning thereof under the Foreign ExchangeManagement Act, 1999, as amended and rules, regulations, notifications and circulars issued thereunder; is case of NRI applicants: I am /We are a NRI(s) within the meaning thereof under the Foreign Exchange Managment Act.1999, as amended and rules, regulations, notifications and ciruclars issued thereunder and am/are eligible to apply under theissue and (v) I/We have obtained the necessary statutory and/or regulatory permissions/consents/approvals in connection with applying for, subscribing to, or seeking allotment of Bonds pursuant to the Issue.

• Please Note : Cheque / DD should be drawn in favour of “IRFCTax Free Bonds-Escrow Account-Tranche I” by non-NRI and non-FII applicants and in favour of “IRFCTax Free Bonds-NRI Escrow Account-Tranche I” by NRI applicants. Cheques should be crossed “A/c Payee only”. • Please writethe sole/first Applicant’s name, phone no. and Application no. on the reverse of Cheque/DD. • Demographic details for purpose of refunds, if any, shall be taken from (i) Bank details as mentioned above for applicants who select the option to hold he Bonds in Physical Form; or (ii) the records of theDepositories otherwise.

PUBLIC ISSUE BY INDIAN RAILWAY FINANCE CORPORATION LIMITED (“COMPANY”OR“IRFC”OR“ISSUER”) OFTAX FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS OF FACEVALUE OF ` 1,000 EACH INTHE NATURE OF DEBENTURES HAVINGTAXBENEFITS UNDER SECTION 10(15)(iv)(h) OF THE INCOME TAX ACT, 1961, AS AMENDED, (“BONDS”), AGGREGATING UP TO ` 6,30,000 LAKHS (THE “ISSUE”) IN THE FISCAL YEAR 2012 (THE “SHELF LIMIT”).THE TRANCHE ISSUE BY THE ISSUER IS OF BONDSAGGREGATINGTO ` 3,00,000 LAKHSWITH AN OPTIONTO RETAIN OVERSUBSCRIPTION UPTOTHE SHELF LIMIT (I.E.UPTO ` 6,30,000 LAKHS) (“TRANCHE – 1 ISSUE”) AND IS BEING OFFERED BYWAY OFTHE PROSPECTUSTRANCHE – 1 CONTAINING, INTER ALIA,THETERMS AND CONDITIONS OFTHETRANCHE – 1 (THE“PROSPECTUSTRANCHE – 1”),WHICH SHOULD BE READTOGETHERWITHTHE SHELF PROSPECTUS DATED JANUARY 19, 2012 FILEDWITHTHE DESIGNATED STOCK EXCHANGE AND SEBI.THE SHELFPROSPECTUSTOGETHERWITHTHE PROSPECTUSTRANCHE – 1 CONSTITUTES“THE PROSPECTUS”.

INDIAN RAILWAY FINANCE CORPORATION LIMITEDA GOVERNMENT OF INDIA ENTERPRISE

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To,The Board of Directors, INDIAN RAILWAY FINANCE CORPORATION LIMITED, UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110 003, India.

APPLICANTS’ DETAILS (for Applicants applying in Demat Mode name(s) should be in the same order as it appears in the demat account)

CREDIT RATING : CRISIL AAA/Stable (pronounced as "CRISIL Triple A with stable outlook"), [ICRA] AAA (Pronounced as “ICRA Triple A”), “CARE AAA (Pronounced as Triple A)”

All future communication in connection with this application should be addressed to the Registrar to theIssue KARVY COMPUTERSHARE PRIVATE LIMITED, Plot No. 17 to 24 Vittal Rao Nagar, Madhapur,Hyderabad 500 081, Toll Free No.1-800-3454001, Tel: +91 40 4465 5000, Fax: +91 40 2343 1551, E-mailID: irfc.bonds@karvy.com, Investor Grievance Email: einward.ris@karvy.com, Website:http:\\karisma.karvy.com Contact Person: Mr. M. Murali Krishna, SEBI Registration Number:INR000000221. Please quote full name of Sole/First Applicant, Application No., Type of options appliedfor, Number of Bonds applied for, Date, Bank and Branch where the application was submitted andCheque/Demand Draft Number and name of the Issuing bank.

Category I - Companies; bodies corporate and societies; Registered trusts; Scientific and/or industrial research organisations; Partnership firms in the name of the partners; Limited liability partnerships

Category II - ��Resident Indian individuals;��Hindu Undivided Families through the Karta; and ��Non Resident Indians on repatriation as well as non-repatriation basis (*applying for an amount aggregating to above 5 lakhs across all series in each tranche)

Category III - ��Resident Indian individuals; ��Hindu Undivided Families through the Karta; and ��Non Resident Indians on repatriation as well as non-repatriation basis (*applying for an amount aggregating to upto and including 5 lakhs )

�� �� � �� ��

`

` across all series in each tranche

INDIAN RAILWAY FINANCE CORPORATION LIMITED(Incorporated on December 12, 1986 in the name of "Indian Railway Finance Corporation Limited" under the CompaniesAct, 1956 ("CompaniesAct") as a public limited company)Registered Office: UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110 003, India. Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710Company Secretary: Mr S KAjmani, Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710Compliance Officer: Mr. T. Behera, General Manager (Bonds) Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 Website: www.irfc.nic.in; E-mail:gma@irfc.nic.in

A GOVERNMENT OF INDIA ENTERPRISE ISSUE OPENS ON : FRIDAY, JANUARY 27, 2012

ISSUE CLOSES ON : FRIDAY, FEBRUARY 10, 2012^

Lead Manager’s / Consortium Member’sName & Code

Sub-Consortium Member’s / Broker’s Name & Code

( Please see General Instructions No. 22 to 34 & 43)

Power of Attorney Partnership Deed PIO Card

General Instruction No. 41*

The claims of the Bondholders shall be superior to the claims of any unsecured creditors of the Company and subject toapplicable statutory and/or regulatory requirements, rank pari passu inter se to the claims of creditors of the Companysecured against charge on the movable assets comprising of rolling stock such as wagons, locomotives and coaches.

Coupon Rate (%) per annum for Category I, II and III 8.00% 8.10%

Additional Coupon Rate*** (%) per annum for Category III 0.15% 0.20%

Aggregate Coupon Rate (%) per annum for Category III

At the end of 10 Years from the Deemed Date of Allotment At the end of 15 Years from the Deemed Date of Allotment

8.15% 8.30%

*The Company would allotTranche 1 Series II Bonds to all valid applications, wherein the Applicants have not indicated their choice of the relevant series of Bonds in their Application Form.**For various modes of interest payment, see General Instruction No.11.*** For further details, see “Terms of the Issue – Interest” in General Instruction No.8.

46.

COMMONTERMS OFTHE ISSUE:Minimum Application size The minimum number of Bonds per application form will be calculated on the basis of the total number

of Bonds applied forundereach such Application Form and noton thebasisofanyspecificoption.

Ratings CRISIL AAA/Stable (pronounced as "CRISIL Triple A" with stable outlook), [ICRA] AAA(Pronounced "ICRATriple A") and “CARE AAA (Pronounced asTriple A)".

StockExchangesproposedfor listing National Stock Exchange of India Limited and BSE LimitedDebentureTrustee Trustee for the Bondholders in this case being Indian BankDepositories NSDL and CDSLSecurities The Bonds issued by the Company will be secured by creating a charge on the movable assets of

the Company comprising of rolling stock such as wagons, locomotives and coaches by a first/paripassu charge, present and future, as may be agreed between the Company and the DebentureTrustee, pursuant to the terms of the DebentureTrust Deed.

Issuance In dematerialised form and physical formTrading In dematerialised form onlyMarket Lot/Trading Lot One BondDeemed Date of Allotment Deemed Date of Allotment shall be the date on which the Board of Directors/or any committee

thereof approves the Allotment of the Bonds for each Tranche Issue. All benefits relating to theBonds including interest on Bonds (as specified for each tranche by way of Tranche Prospectus)shall be available to the Bondholders from the Deemed Date of Allotment.The actual allotment ofBonds may take place on a date other than the Deemed Date of Allotment.

Submission of Application Forms: All Application Forms duly completed and accompanied by account payee cheques or drafts shallbe submitted to the designated collection banks during the Issue Period. No separate receipts shall be issued for the money payable onthe submission of Application Form. However, the collection banks will acknowledge the receipt of the Application Forms by stampingand returning to the Applicants the acknowledgement slip.This acknowledgement slip will serve as the duplicate of the Application Formfor the records of the Applicant.Applications shall be deemed to have been received by us only when submitted to Bankers to the Issue attheir designated branches as detailed above and not otherwise.Additional/Multiple Applications: An applicant is allowed to make one or more applications for the Bonds for the same or other seriesof Bonds, subject to a minimum application size of 10 Bonds and in multiples of 5 Bonds there after, for each application. Any applicationfor an amount below the aforesaid minimum application size will be deemed as an invalid application and shall be rejected. For furtherdetails please refer General Instruction No.49.Basis of Allotment: I. Applicants belonging to the Category I, in the first instance, will be allocated Bonds upto 45% of the Overall IssueSize on first come first serve basis (determined on the basis of date of receipt of each application duly acknowledged by the Bankers tothe Issue); ii. Applicants belonging to the Category II, in the first instance, will be allocated Bonds upto 25% of the Overall Issue Size onfirst come first serve basis (determined on the basis of date of receipt of each application duly acknowledged by the Bankers to the Issue);and iii. Applicants belonging to the Category III, in the first instance, will be allocated Bonds upto 30% of the Overall Issue Size on firstcome first serve basis (determined on the basis of date of receipt of each application duly acknowledged by the Bankers to the Issue);Allotments, in consultation with the Designated Stock Exchange, shall be made on a first-come first-serve basis, based on the date ofpresentation of each application to the Bankers to the Issue, in each Portion subject to the Allocation Ratio. Minimum allotments of 10Bonds and in multiples of 1 Bond thereafter would be made in case of each valid application. For further details please refer General Instruction No.54.

For additional details, refer General Instruction No. 39)

^The subscription list for the Issue shall remain open for subscription at the commencement of banking hours and close at the close of banking hours, with an option for early closure (subject to the Issue being open for a minimum period of 3 days) or extension by such period, upto a period of 30 days from the date of opening ofthe Issue, as may be decided by the Board of Directors/ Committee of the Company subject to necessary approvals, if any. In the event of such early closure of the subscription list of the Issue, our Company shall ensure that public notice of such early closure is published on or before the day of such early date of closurethrough advertisement(s) in a leading national daily newspaper.

(Incorporated on December 12, 1986 in the name of "Indian Railway Finance Corporation Limited" under the Companies Act, 1956 ("Companies Act") as a public limited company)Registered Office: UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110 003, India.Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710Company Secretary: Mr S KAjmani, Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710Compliance Officer: Mr. T. Behera, General Manager (Bonds) Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 ;Website: www.irfc.nic.in; E-mail: gma@irfc.nic.in

Relationship, if any, with sole/First Applicant:

AK Stockmart 23/12695-32

KARVY STOCK BROKING LTD23/07701-38

KARVY STOCK BROKING LTD

23/07701-38

76356752

76356752

310109

2 INDIAN RAILWAY FINANCE CORPORATION LIMITED

INDIAN RAILWAY FINANCE CORPORATION LIMITED : APPLICATION FORMS AVAILABLE AT FOLLOWING LOCATIONS

LEAD MANAGERS TO THE ISSUE / CONSORTIUM MEMBER’S TO THE ISSUE

SBICAP SECURITIES LIMITEDAgra: Bajaj Capital Ltd Shop No. 110, Ground Floor, Block No. 27/2/4, Sanjay Palace, Near Hotel Panchrattan,282002,6457307. Kotak Securities Ltd 2/220, Glory Plaza, Suer Sadan Crossing, M.G Road,5538760. RR Equity Brokers Private Ltd 9, Sbi Colony, 1st Floor, Opp. Subhash Park, M.G.Road,282002,9319087289. SBICAP Securities Ltd C/O Sbi Main Branch, Chipitola,282001,2252079.Ahmedabad: Bajaj Capital Ltd 2-L, ‘Akik’ Opp Lions Hall, Mithakhali Six Raod, Near Nalanda Hotel, Ellisbridge,380006,64500171. Eureka Stock & Share Broking Services Ltd. Shiwalik Corporate Park,B-Block,R.No.405-A,Near 10-C,Petrol Pump,Shivrangani Cross Road, Satellite,380015,9428792938. IDBI Capital Market Services Ltd 314, 3rd Floor Crystal Arcade, Beside Bsnl Complex, Near Girish Cold Drink Cross Road, C G Road,380006,40075054. JM FinancialServices Pvt Ltd G-10 Chinubhai Centre, Gr. Flr,Nehru Bridge Corner,Ashram Road,380009,26576666. Kalyanbhai Mayabhai Stock Brokers Pvt. Ltd 705, Sakar 1, Opp. Gandhigram Railway Station,Navrangpura,380009,. Kotak Securities Ltd 207, 2nd Floor, Sakar-Ii, Ellisbridge Corner, Ashram Road,26587276. Kotak Securities Ltd 201/A, Amruta Arcade, Nr Maningr Char Rasta, Maningr,. Kotak Securities Ltd B/104, 1st Floor, PremiumHouse, Opp Gandhigram Rly Stn,26579567. Kotak Securities Ltd B-46, Kamdhenu Complex, Opp.Sahajanand College, Panjara Pole, Ambawadi,26308035. Motilal Oswal Securities Ltd Bearing No. G-6/7/8/9 & 10,Citypride Complex, Near Nalanda Hotel, Mithakali Circle, Navrangpura,0,30078120. Nirmal Bang Securities Pvt. Ltd 1st Flr,Shoppers Plaza-2 , Opp Telephone Exchange, C G Road,Navarangpura,380009,33000033. ReligareSecurities Ltd 201,202,203,2nd Floor,Dev Complex, Opp Parimal Garden, C.G. Road,380006,9727746713. Religare Securities Ltd Dev Complex, 2nd Floor, Opp Parimal Garden, C.G. Road,380006,26422250. RR Equity Brokers Private Ltd 401, Abhijit-1, Opp. Bhuj Mercantile Bank, Mithakhali, 6 Road, Navrangpura,390009,40211888. SBICAP Securities Ltd 4, Nishka Avenue, Opp Pizza Hut, Navrangpura,380009,26561450. SBICAPSecurities Ltd 2nd Floor, “Nirman”, Besides Jyoti Plaza, Nr. Shyamal Cross Road, Satellite,380015,26764456. SBICAP Securities Ltd C/O State Bank Of India, 1st Floor, Modi Arcade, Near Rly Station, Maninagar (West),380008,25469205. Standard Chartered Securities (India) Ltd. 101, Popular House, Ashram Road,380009,26582817.Allahabad: Bajaj Capital Ltd Shop No. F-5 , Indira Bhawan, Civil Lines,211001,6452481. KotakSecurities Ltd M-4, Mezzanine Floor, Lda Center, 2, Sardar Patel Marg, Civil Line,2651451.Amritsar: Kotak Securities Ltd Unit No.Fuf-7, Central Mall, 32, Mall Road,. SBICAP Securities Ltd C/O, State Bank Of India, Main Branch, Town Hall,143001,5030146.Anand: Kotak Securities Ltd 3rd Floor, “Sanket”, Near Grid,2573311. RR Equity Brokers Private Ltd G-1, Silver Oaks,Opp. Swayambar Party Plot V.V.Road,388001,9377306968.Asansol:SBICAP Securities Ltd C/O State Bank Of India,Asansol Main Branch,Bijoy Pal Sarani,713301,9641611679.Aurangabad: Religare Securities Ltd 1st Floor, Bhaskar Meridian, Opp. Swatantra Sainik Colony, Nageshwarwadi,431001,7126638098.Bangalore: Bajaj Capital Ltd Unit 104-107, First Floor, ‘A’ Wing, Mittal Towers, M.G. Road,560001,65471121. Bajaj Capital Ltd 343/6, Ground Floor, Sampige Plaza, 11Th Cross, SampigeRoad, Maleswaram,560003,9731011331. Enam Securities Pvt Ltd 10/3, Ground Floor,No.29, Empire Infantry,Infantry Road,560001,40333222. IDBI Capital Market Services Ltd No. 63, Right Wing, 1st Floor, K. H. Road, (Double Road), Opp. Bmrtc Big Bazaar, Above Vodaphone Store,560027,22117869. JM Financial Services Pvt Ltd 97/4 Residency Rd,560025,30912400. Kotak Securities Ltd ‘Umiya Landmark’–Ii Flr., No:10/7 -LavelleRd,66203601. Kotak Securities Ltd No 201, Soundrya Sampige Complex, Sampige Road, No 412, 8th Cross, Malleswaram,9900133758. RR Equity Brokers Private Ltd S-111,Manipal Centre,47,Deckenson Road,42477177. SBICAP Securities Ltd Sbi Lho Campus Behind Spb Branch St. Marks Road,560001,32905247. SBICAP Securities Ltd Pb No-483, No-73 K R Road. Sbm Building 1st Flr, Basavangudi,560004,42103575.SBICAP Securities Ltd 1st Floor, C/O Sbi Koramangala Pbb Branch, No.472, Avs Complex, 4th Block, Koramangala,560034,49074203. Standard Chartered Securities (India) Ltd. J.R. Complex, No.21/1, Hosur Main Road, Nanjappa Layout, Adugodi,560030,22108140. Standard Chartered Securities (India) Ltd. Ground Floor, Sri Bhavana Thilaka, 4/2 Millers Road,560052,22354391.Belgaum: Kotak Securities Ltd Shri Laxmi SankulComplex, T-01, 3rd Flr, Above Cosmos Bank, Maruti Galli,4203033.Bharuch: Kotak Securities Ltd 235-236, Harihar Complex, Zadeshwar Road,570569.Bhavnagar: IDBI Capital Market Services Ltd 108 1st Floor, Shopper’S Point, Parimal Chowk, Waghawadi Road,364002,9374840644. RR Equity Brokers Private Ltd 251 Madhav Darshan,Waghawadi Road,364001,9426235681. SBICAP Securities Ltd C/O State Bank Of Saurashtra- Kalanala Branch, Kalanala,364001,2520009.Bhilai: SBICAP Securities Ltd Sbi Main Branch,Sector 1,490001,0.Bhopal: Bajaj Capital Ltd Shop No. 6, First Floor, Jyoti Cinema Complex, M.P. Nagar, Zone1,462011,6459550. IDBI Capital Market Services Ltd Harisons House, Upper Ground Floor, 6 Malviya Nagar,462003,2760010. Kotak Securities Ltd Third Floor, Alankar Palace, 10-11, Mp Nagar, Zone 2,5248133. SBICAPSecurities Ltd State Bank Of Indore Paanchanan T T Nagar,462003,6549108. Standard Chartered Securities (India) Ltd. K.K. Plaza, Plot No. 1, Zone 2, Maharana Pratap Nagar,462011,4056521.Bhubaneshwar: Bajaj Capital Ltd Plot No. 1/A, Ground Floor, Station Square, Kharvel Nagar,751001,6451257. IDBI Capital Market Services Ltd Idbi House, Janpath, Unit Ix,751022,3208801. Kotak Securities Ltd Plot No – 24, 2nd Flr.,Scr, Nr Bazaar Kolkata, Bapuji Nagar, Janpath,2597871. Religare Securities Ltd Plot No - 24 , Scr Bapu Ji Nagar , Janpath,751009,6122200485. Standard Chartered Securities (India) Ltd. 5, Janpath, Unit - 3, Kharavel Nagar,751001,3209981.Bokaro: RR Equity Brokers Private Ltd Ga-18,City Center Sector-4 Bakaro Steel City,827004,9835139765.Chandigarh: Bajaj Capital Ltd Sco 341 - 342, First Floor, Sector 35B,160036,6451612.IDBI Capital Market Services Ltd Sco 86, 1st Floor, Sector 44 C,160044,3242449. Kotak Securities Ltd Sco-14-15, 2nd Floor, Madhya Marg, Sector-8C,5065301. Religare Securities Ltd Sco 56 - 58 2nd Floor Sector 9 D,44181818. RR Equity Brokers Private Ltd Sco-222-223,Gr. Floor,Sector-34A,2624896. SBICAP Securities Ltd C/O State Bank Of India, Main Branch, Sco 43-48, 1st Flr, Sector 17 B,160017,5079240. StandardChartered Securities (India) Ltd. Sco-35-F.F,Sec-21-C,160021,5025501.Chennai: Bajaj Capital Ltd Wellington Plaza, 3rd Floor, 90, Anna Salai,600002,23451207. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 11, Vijay Delux Apts., 7/4 First Main Road, Cit Colony, Mylapore,600004,39184335. Eureka Stock & Share Broking Services Ltd. Karnani Archieves,154,Pycroft Road,Near Roypettah Clock Tower,600014,9884710122.IDBI Capital Market Services Ltd Flat No. D, 1st Floor, Deve Regency, No. 6/11, 1st Main Road, Gandhi Nagar, Adyar,600020,32935830. JM Financial Services Pvt Ltd Gee Gee Crystal - 5th Floor,91-92. Dr.Radhakrishnan Salai,Mylapore,600004,42255666. Kotak Securities Ltd Grr Business Cneter, No.21, Vaidyaraman Street, T Nagar,66462000. Nirmal Bang Securities Pvt. Ltd New No.51, C P Ramasamy Road,C P Manor BuildingAlwarpet,600018,42912650. Religare Securities Ltd 4th Floor, City Tower, No. 117, Theagaraya Road, T. Nagar,600017,43546592. Religare Securities Ltd 4th Floor, City Tower, No. 117, Theagaraya Road, T. Nagar,600017,43900600. RR Equity Brokers Private Ltd 3rd Flr.,Percision Plaza,New -397, Teynampet, Anna Salai,600018,42077370. SBICAP Securities Ltd Sbi Main Branch New No.84, 22 Rajaji Salai,600001,42065997.SBICAP Securities Ltd Sbi Building No 2 A Prakasam Road Panagal Park T Nagar,600017,42606204. SBICAP Securities Ltd Sbi Spb Branch,Plot No.4, Teachers Colony,Indiranagar, Adyar,600020,42607565. Standard Chartered Securities (India) Ltd. Jamals Santhini, 1/1, Ii Nd Main Road, Seethammal Colony, Alwarpet,600018,24328944. Standard Chartered Securities (India) Ltd. W-123, 1st Floor, 3rd Avenue, AnnaNagar,600040,26264500.Coimbatore: Bajaj Capital Ltd No. 575, D.B. Road, First Floor, (Near Head Post Office) R.S. Puram,641002,6470136. IDBI Capital Market Services Ltd 2nd Floor, 16, Sathya Moorthy Road, Opp. Ayyapaseva Sangam, Ramnagar,641009,3208226. Kotak Securities Ltd 1st Floor, Red Rose Chamber, 1437,Trichy Road,6699666. SBICAP Securities Ltd Sbi Main Branch,State Bank Road.,641018,2395711.SBICAP Securities Ltd Sbi Premises - First Floor, 451, D.B. Road, R.S.Puram,641018,4355527.Dehradun: Bajaj Capital Ltd 15, Rohini Plaza, 11-E Rajpur Road,248001,6452648. Kotak Securities Ltd 1st Floor, Swaraj Complex, 72, Rajpur Road, Opp Hotel Madhuban,2745870. RR Equity Brokers Private Ltd 56, 1st Floor, Rajpur Road,Opp. Madhuban,248001,3258181. SBICAP Securities Ltd Sbi Main Branch, 4th ConventRoad,248001,2651156.Dhanbad: Bajaj Capital Ltd Ozone Plaza, 1st Floor, Bank More,826001,2300576. Kotak Securities Ltd 1st Floor, Commerce House - 2, Above Ashoka Bajaj Showroom, Shastri Nagar,2308482. RR Equity Brokers Private Ltd 218,Sri Ram Plaza 2nd,Floor Bank More,826000,9431721838.Durgapur: Eureka Stock & Share Broking Services Ltd. Acharjee Market,Ground Floor,Benachitty,713213,3290491. SBICAPSecurities Ltd C/O. State Bank India, Durgapur Branch, Dsp Maingate, Po Durgapur-3,713203,2588289.Erode: SBICAP Securities Ltd C/O. Sbi Main Branch, D-48,State Bank Road,638003,4270818.Faridabad: Bajaj Capital Ltd 5R/1 Ground Floor, B.K. Chowk, Near Hdfc Bank,121001,6466566. RR Equity Brokers Private Ltd Shop No. 55, 1st Floor, Near Flyover,Neelam Chowk,Niit,121001,2427361. SBICAP Securities LtdState Bank Of India, 1st Flr, Neelam Chowk, N.I.T,121001,2420209.Ghaziabad: Bajaj Capital Ltd G-5, Ansals Satyam Building, Raj Nagar, District Centre,201002,6493211. RR Equity Brokers Private Ltd 114, Satyam Complex, Raj Nagar Dc, Raj Nagar,201002,2828090. SBICAP Securities Ltd C/O, State Bank Of India,Navyug Marget,201001,2798891.Gorakhpur: Bajaj Capital Ltd Ground Floor, A D Towers, Bank Road,Gorakhpur,273001,6453025. RR Equity Brokers Private Ltd 1st Floor, Ram Govind Complex, Opp. Raj Cinema, Sumer Sagar Road,273005,9936590296.Guntur: SBICAP Securities Ltd Shop No-13, Second Floor, Raghu Mansion, 4/1, Brodipet,522002,3244001.Gurgaon: Bajaj Capital Ltd Super Mart B-201, Super Mart - 1, Dlf City Phase - Iv,122002,6469991. Bajaj Capital Ltd Sec 14 102, Akd Tower, Upper Ground Floor, NearHuda Office, Sector-14,122001,6468101. Kotak Securities Ltd O - 107 Arjun Shopping Mall ; Arjun Nagar ; Dlf Phase1,. RR Equity Brokers Private Ltd 101,Apna Bazaar,122001,9899947108. SBICAP Securities Ltd Sbicap Securites, Sbi Sushant Lok 1, B/05, Unitech Trade Centre,12209,2385365.Guwahati: Bajaj Capital Ltd Room No.102, 1st Floor, Dunfur Apartment, R G Baruah Road,781024,9207045530. IDBI Capital MarketServices Ltd C/O Idbi Ltd Idbi House, 4th Floor, North Eastern Zonal Office, G. S. Road,781005,9864259980. Kotak Securities Ltd Akshay Tower , 4th Floor, Opp. Rupayan Arcade, Fancy Bazar, S.S. Road,2732243. SBICAP Securities Ltd C/O State Bank Of India , Dispur Branch, Opposite Assam Sachibalaya, Dispur,781006,2237594.Gwalior: SBICAP Securities Ltd C/O State Bank Of India,Basement, Main Branch ,Jiwaji Chowk,Lashkar,474001,2620727.Hubli: Kotak Securities Ltd V A Kalburgi Complex, Ground Floor, Besides Vivekanand Corner, Desai Cross, Deshpandenagar,2357512.Hyderabad: Bajaj Capital Ltd 3-6-522, 2nd & 3rd Floor, Archies Showroom, Opp. Kfc, Himayath Nagar,500029,44555555. Bajaj Capital Ltd Shop No.10, First Floor, Minerva Complex, 94, S.D. Road,500003,64631428. Edelweiss Broking Ltd 2nd Floor, Mb Tower, Plot No.5, Road No. 2, Banjara Hills,500034,40316911. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 6-3-650/217B & C, Maheshwari Chambers, 2nd Flr.,Somajiguda,500082,39893626. IDBI Capital Market Services Ltd C/O Idbi Ltd 3rd Floor, Idbi House, D. No. 5-9-89 / 1 & 2, Chapel Road, P. B. No. 370,500001,66747540. JM Financial Services Pvt Ltd 9-10 Uma Chambers,3rd Floor, Banjara Hills,500034,39875900. JM FinancialServices Pvt Ltd 3R Flr, 305 Jade Arcade, Opp Paradise Hotel, M G Road, Secundrabad,500003,39825200. Kotak Securities Ltd 9-1-777, 4th Flr, Beside Itc Bldg, S D Rd, (Lane Opp To Dbr Diagnosis),65326394. Motilal Oswal Securities Ltd 201, Lumbini Amrutha Chambers,Near Nagarjuna Circle, Road No.3, Banjara Hills,500082,30624444. Nirmal Bang Securities Pvt. Ltd H No.7-1-22/8-C, 1st Floor,Near Green LandsFlyover,Begumpet,500016,42407049. Religare Securities Ltd 2nd Floor,7-1-59/2&59/6, Mandhana Towers,Ameerpet,500016,40180612. SBICAP Securities Ltd State Bank Of Hyderabad Ground Floor, Gunfoundry,500001,23321875. SBICAP Securities Ltd Room 4, 1st Flr H.No 10-2-199, Nehrunagar, Entrenchment Rd, Marred Pally, Secunderabad,500026,27700135. SBICAP Securities Ltd 1st Floor, Dmc Center, Above StateBank Of India, St. John’S Road, East Marredpally, Secunderabad,500026,40137725. Standard Chartered Securities (India) Ltd. Ug - 13, Mekins Maheshwari Mayank Plaza, 6-3-866 / 1 / A, Greenlands, Ameerpet,500016,23417032. Standard Chartered Securities (India) Ltd. 103/402, Mahavir House, Basheer Bagh Square,500029,23223222.Indore: Bajaj Capital Ltd Shop No. 3, City Plaza, M.G. Road Near RegalCinema,452001,6452014. Edelweiss Broking Ltd 312, D. M. Tower, Race Course Road,452001,4061164. IDBI Capital Market Services Ltd Plot No. 11A / A, 1st Scheme No. 54, Opp. Satya Sai School, Vijay Nagar, A. B. Road,452010,2554229. JM Financial Services Pvt Ltd Ug-7 & 8, Ground Floor, D M Tower, ,21/1, Race Course Road,452004,3072111. Kotak Securities Ltd 314, Citi Centre, 570, M.G. Road,2537336. RR Equity BrokersPrivate Ltd 206 Gold Arcade, 1/3 New Palasia,452001,9826062666. SBICAP Securities Ltd State Bank Of Indore 5,Yashwant Niwas Road,452003,2547517. SBICAP Securities Ltd State Bank Of India Gpo Main Branch,452001,4036625. Standard Chartered Securities (India) Ltd. Ug - 4,5 & 6, Royal Diamond, Y.N. Road, Opp. State Bank Of Indore (Ho),452001,4200521.Jabalpur: Kotak Securities Ltd Jain Tower, 3rd Floor, RuseelChowk,4085850. RR Equity Brokers Private Ltd Shop No. 5, Unique Tower, Shashtri Bridge Chowk,Opp. Icici Bank,482002,9827066823. SBICAP Securities Ltd C/O. Sbi Main Branch, Civil Lines,482001,4218261.Jaipur: Bajaj Capital Ltd G-3, Anukampa Tower, Opp. Sangamtower, Church Road (M. I. Road),302001,6503342. Edelweiss Broking Ltd Green House 601 & 602; 6th Floor, Ashok Marg,0,4045167. Eureka Stock & ShareBroking Services Ltd. 213/214,Jaipur Towers,M I Road,Opposite A I R,302001,3918040. IDBI Capital Market Services Ltd 314 3rd Floor, Ganpati Plaza, M. I. Road,302001,3208276. JM Financial Services Pvt Ltd G-7 & G-8,Brij Anukamba,Plot No.K-13, Ashoka Marg,C-Scheme,302001,3984400. Kotak Securities Ltd 305-308, 3rd Floor, Green House, O-15,Ashok Marg, C-Scheme,. Nirmal Bang Securities Pvt. Ltd 201,2nd Floor,SangamTower Church Road,302001,3093700. Religare Securities Ltd No.501& 605, 5th & 6th Floor Luhadia Tower, K-11, Ashok Marg Near Ahinsa Circle, C Scheme,302001,4066023. RR Equity Brokers Private Ltd 7,Katewa Bhawan,Opp. Ganapati Plaza, Mi Road,302001,3235456. SBICAP Securities Ltd C/O Sbi Special Branch, Ground Floor, Sangeneri Gate,302003,4006483. SBICAP Securities Ltd 128 , A - Block , First Floor , Opp.Sbbj Bank,Ganpati Plaza, M I Road,302001,3221945. Standard Chartered Securities (India) Ltd. 8, Katewa Bhawan, 1st Floor, Opp. Ganpati Plaza, M.I. Road,302001,4026575.Jalandhar: Kotak Securities Ltd 2nd Floor, 465, Lajpat Nagar Market,. SBICAP Securities Ltd C/O. State Bank Ofindia, Civil Lines,144001,4636317.Jammu: SBICAP Securities Ltd C/O State Bank Of India, Railway Road Branch,180001,2471118.Jamnagar:Kotak Securities Ltd 701, 5th Floor, City Point, Station Road, Near Town Hall,5540355. SBICAP Securities Ltd G-3, Ground Flr, Madhav Darshan Complex, Opposite Cricket Bungalow Near Limda Line,361001,2555170.Jamshedpur: Bajaj Capital Ltd Shop No. 53, 2nd Floor, Kamani Business Centre Bishtupur,831001,6457603. Eureka Stock & Share Broking Services Ltd. 1st Floor,Rjs Building,Diagonal Road,Bistupur,Jamshedpur,2428777.Kotak Securities Ltd Bharat Business Centre, Ho No.2, 2nd Flr, Rm No. 8, Ram Mandir Area Bistupur,3090856. SBICAP Securities Ltd Sbi, Jamshedpur Bistupur,831001,3206515.Jodhpur: Kotak Securities Ltd 1st Floor, Gulab Bhawan, Chopasani Road,5101956. RR Equity Brokers Private Ltd Inside Keshav Bhawan Near Hdfc Bank 9Th Chopasni Road Jodhpur 342003,342003,9928388322. SBICAP Securities Ltd C/O Sbi,Special Branch, High Court Campus, Kachauri,342001,2546546.Kanpur: Bajaj Capital Ltd 106, Ratan Esquire, 14/144, Chunni Ganj,208001,6451763. Kotak Securities Ltd 312-315, 3rd Floor, 14/113, Kan Chambers, Civil Lines, Near Up Stock Exchange,3018114. RR Equity Brokers Private Ltd 26 L.G.F. Roland Tower 17/5 The Mall,208001,9336219040. SBICAP Securities Ltd Sbi, Main Branch Campus, Zonal Office,16/101 CivilLine Mall Road,208001,2333571. Standard Chartered Securities (India) Ltd. 15 / 59, “O” Civil Lines,208001,3268394.Kochi: Bajaj Capital Ltd Rubicon Building, S.A. Road, South Over Bridge, Valanjambalam,682016,6452566. IDBI Capital Market Services Ltd 2nd Floor, Pavana House, K. P. Vallon K. P. Vallon Road, Kadavanthra,682020,3210712. Kotak Securities Ltd 40/1400, 11Th Floor, Ensign Enclave, Jos Junction, M.G.Road,2377386. Nirmal Bang Securities Pvt. Ltd Shop No.39/2122 B-First Floor,Jomer Aracade, Chittoor Road,South Junction - Cochin Kerala,682016,4117971. Religare Securities Ltd 35/65-D,3rd Floor, Thadikaran Centre, Palarivattom,682025,4954025771. SBICAP Securities Ltd Sbi Shanmugham Rd. Branch 2nd Floor, Ktdc Bldg, Ernakulam,682031,3248745. Standard Chartered Securities (India) Ltd. 1st Floor, Sana Tower,39/2579C, M.G. Road, Ernakulam,682016,2372669.Kolhapur: Bajaj Capital Ltd Ground Floor, Damodar Enclave Apartment, 10Th Lane, Rajaram-Puri,416001,6450529.Kolkata: Bajaj Capital Ltd Martin Burn House, Ground Floor, 1, Room. No. 15, R.N. Mukherjee Road,700001,40053282. Bajaj Capital Ltd Ground Floor, 10-C, Hungerford Street,700017,30295200. Bajaj Capital Ltd 9, Ezra Street,700001,64578545. Edelweiss BrokingLtd 2nd Floor, Savitri Tower, 3A, Upper Wood,0,40104635. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd S-205, Ideal Plaza, 11/1,Sarat Bose Road,700020,32426310. Eureka Stock & Share Broking Services Ltd. B3/5,Gillander House,8,N.S.Road,700001,39180300. Eureka Stock & Share Broking Services Ltd. 9B,Wood Street,1st Floor,700016,39180380. Eureka Stock & Share Broking Services Ltd. 7, Lyons Range, 2ndFloor,700001,. IDBI Capital Market Services Ltd Suit No 2 B, 228 A, Landmark Bldg - Seconf Floor , Mintopark ,Ajc Bose Road,700020,32502896. JM Financial Services Pvt Ltd Kankaria Estate, 8th Flr,6th Little Russell Street,700071,39870330. Kotak Securities Ltd 7th Floor, Apeejay House, Block ‘C’, 15, Park Street,22273999. Kotak Securities Ltd Govind Bhavan, Ground Floor, 2, Biplabi Trilokya Maharaj Sarani(BrabourneRoad),22358105. Motilal Oswal Securities Ltd 3rd Floor, Constantia Building,Dr. U. N. Bramachari Street,0,9748640024. Nirmal Bang Securities Pvt. Ltd Ac Market Complex,8th Floor, 1 Shakespeare Sarani,700071,30584292. Religare Securities Ltd Unit No. 410, North Block, 4th Floor, Ideal Plaza, 11/1,Sarat Bose Road,700020,9874262628. RR Equity Brokers Private Ltd 704,Krishna Bldg.,224,Ajc Bose Road,700017,22802963.SBICAP Securities Ltd Sbi Main Branch Sammriddi Bhavan 3rd Floor, 1- Strand Road,700001,22481729. SBICAP Securities Ltd State Bank Of India Jeevandeep Bldg,Ground Floor Middleton Street,700071,22886604. SBICAP Securities Ltd C/O Sbi, 50 A, Gariahat Road, Ballygunge,700019,24619561. Standard Chartered Securities (India) Ltd. Shree Manjiri, 1st Floor, 8/1, Sir William Jones Sarani,700071,22276521. StandardChartered Securities (India) Ltd. Premises No 152 First Floor, S.P Mukherjee Road,700026,24634044. Standard Chartered Securities (India) Ltd. Mangalam Bldg., 24 & 26, Gr Floor, Hemanta Basu Sarani, Dalhousie,700001,22137028.Kota: Kotak Securities Ltd D-8 First Floor, Shri Ram Complex, Opposite Multipurpose School, Gumanpura,. SBICAP Securities Ltd Kota Main Branch, Chhawani Chouraha,324007,2390147.Lucknow:Bajaj Capital Ltd 5, Commerce House, Habibullah Compound, 11, M.G. Marg, Hazratganj,226001,6565568. Bajaj Capital Ltd C-204, Ugf, Sahara Plaza, Patrakar Puram, Gomti Nagar,226010,4060909. IDBI Capital Market Services Ltd 1st Floor, Halwasiya House, 11 M. G. Marg,Hazratganj,226001,3250987. Kotak Securities Ltd 1-2 Ground Floor, Commerce House, Habibullah Estate,11 M.G. Marg,3232285. Kotak Securities LtdA-1 ; Ashish Palace,Sector E,Aliganj,3232285. Religare Securities Ltd Ground Floor, Riz Building, 5 Park Road,226001,9935344009. RR Equity Brokers Private Ltd G-32,Shriram Tower,13- A,Ashok Marg,226001,4057612. SBICAP Securities Ltd C/O State Bank Of India, 2/103 Vijay Khand First Flr, Gomti Nagar,226010,2303261. SBICAP Securities Ltd C/O Sbi Govt.Business Branch Moti Mahal Marg Behind K.D.Singh BabuStadium Hajrath Ganj,226001,3202184.Ludhiana: Bajaj Capital Ltd M-3, Abc Services, Sco-137, Feroze Gandhi Market,1,2412287. Kotak Securities Ltd Sco-122, 2nd Floor, Firoz Gandhi Market,5047214. Nirmal Bang Securities Pvt. Ltd Office No.301 & 302,Sco No.15, Scan Plaza,Feroze Gandhi Marg,141001,4020000. SBICAP Securities Ltd Sbi, 1st Floor Fountain Chowk Civil Lines,141001,5025634.Madurai: Bajaj Capital LtdSuriya Towers, No.5, First Floor, 272/273, Good Shed Street,625001,6461023. Kotak Securities Ltd Shop A First Floor, Krv Arcade, Ar Plaza 16 & 17, North Velli Street,2341225. SBICAP Securities Ltd C/O State Bank Of India, Number - 7A, West Veli Street, Opposite Railway Station,625001,4506404.Mangalore: Bajaj Capital Ltd Essel Towers, Bs 4, Bunts Hostel Circle,575003,6451218. IDBI Capital Market Services Ltd 1st Floor,Bridge Square, Balmatta Road,575001,4278032. Kotak Securities Ltd No.4, 3rd Floor, The Trade Centre, Jyoti Centre, Bunts Hostel Road, Near Jyoti Circle,424180. Kotak Securities Ltd No.4, 3rd Floor, The Trade Centre, Jyoti Centre, Bunts Hostel Road, Near Jyoti Circle,424180. RR Equity Brokers Private Ltd F 2 1st Floor Adithi Arcade Karangalpay,575003,9845288557. SBICAP Securities Ltd C/O Sbi, Mangalore Main Branch,Port Road, P.B.No-90,575011,4265361.Meerut: Bajaj Capital Ltd G-43, Ganga Plaza, Near Begam Bridge,250001,6451510.Mumbai: Bajaj Capital Ltd Agra Bldg, Gr. Floor, 7/9 Oak Lane, Fort,400023,66376999. Edelweiss Broking Ltd 104, 1st Floor, P J Tower, Bse Bldg., Dalal Street, Fort,400001,67471345. Enam Securities Pvt Ltd Khatau Building, 2nd Floor, 44 Bank Street, Off Shahid Bhagatsing Road, Fort,400023,22677901.Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 201-A, Laxmi Towers, Bandra Kurla Compex, Bandra (E),400051,66803600. Enam Securities Pvt Ltd Hari Chamber, Ground Floor, 58/64, Shahid Bhagat Singh Road, Fort,400001,22677901. Eureka Stock & Share Broking Services Ltd. Raheja Chambers,R.No.909,9Th Floor,213,Nariman Point,400021,32583020. IDBI Capital Market Services Ltd Mafatlal Centre , 3rd Flr ,Nariman Point,400021,43221212. IDBI Capital Market Services Ltd Shop No. B 4, E Wing, Crystal Plaza, Opp. Infinity Mall, Off New Link Road, Adarsh Nagar,Andheri (W),400053,32468346. IDBI Capital Market Services Ltd Shop No.3, Vikas Palm Village Pachpakhadi,400601,25444441. IDBI Capital Market Services Ltd Shop No. 8, Thacker Tower Premises Co-Op Society Ltd Plot No. 86, Sector 17, Vashi,400705,27893262. JMFinancial Services Pvt Ltd 1st Floor, Patel House, Next To Bank Of Baroda,M G Road, Vileparle (E),400057,26135202. JM Financial Services Pvt Ltd Palm Court, M- Wing, 4th Floor, Goregaon Link Road,Malad West,400064,30877000. JM Financial Services Pvt Ltd Ground Floor, Anushka, New Link Rd,Andheri West,400053,66191600. JM Financial Services Pvt Ltd Shop No 6, Dattani Trade Center,Chandra Varkar Road, Borivali(W),400092,30215400. JM Financial Services Pvt Ltd 424/425 Kalidas Plaza, V B Lane,Ghatkopar East,400075,30978700. JM Financial Services Pvt Ltd 2,3,4 Kamanwala Chambers, P M Road, Fort,400001,3021500. Keynote Capitals Ltd 4th Floor, Balmer Lawrie Building,5, J. N. Heredia Marg,Ballard Estate,400001,22694322. Kotak Securities Ltd 32, Gr Flr., Raja Bahadur Compound, Opp Bank Of Maharashtra, Fort,22655074.Kotak Securities Ltd 6th Floor, Kotak Towers, Building No. 21, Infinity Park, Off Western Express Highway, Goregaon Mulund Link, Road, Malad (E),66056825. Kotak Securities Ltd Nirlon House, 3rd Floor, Dr Anie Besant Road, Near Passport Office, Worli,66529191. LKP Securities Ltd Bank Of Maharashtra Bldg,45 / 47, B S Marg, Fort,400001,22663963. Motilal Oswal Securities Ltd Queens Mansion,2nd Floor, 44, A. K. Naik Marg,Behaind Khadi Gramodyog,0,30278090. Nirmal Bang Securities Pvt. Ltd B - 201,Khandelwal House, Poddar Road, Near Poddar Park, Malad (East),400097,39269139. Religare Securities Ltd 301/302, Viraj Tower, Gundavali, Western Express Highway, Near Landmark Building, Andheri (East),400093,9654460744. Religare Securities Ltd 301/302, Viraj Tower, Gundavali, Western Express Hightway,Near Landmark Building, Andheri(East),400093,67288000. RR Equity Brokers Private Ltd 18 First Floor,105 Bombay Samachar Marg.,Fort,400023,40544201. RR Equity Brokers Private Ltd 133A, Mittal Tower, A Wing, 13Th Floor, Nariman Point,400021,9324804084. SBICAP Securities Ltd State Bank Of India M.G.Road Ghatkopar East,400077,25020964. SBICAP Securities Ltd 1st Floor, Tulsiani Chembers, Nariman Point,400021,32660218. SBICAP SecuritiesLtd Sbi Admin Building Compound, Madam Cama Rd., Nariman Point,400021,22023214. SBICAP Securities Ltd C/O Sbi Spb Branch, Mumbai Samachar Marg, Gate No 7, Horniman Circle, Fort,400001,32660216. SBICAP Securities Ltd 2nd Flr, C Wing, Mafatlal Chambers, N.M Joshi Marg, Lower Parel,400013,42273451. SBICAP Securities Ltd C/O Sbi Jvlr Branch, Ground Floor,Juhu Versova Link Road, Andheri(W),400053,26707887. Standard Chartered Securities (India) Ltd. Shop No. 1&2, Shroff Towers, Sodawala Cross Lane, Borivali (West),400092,66982772. Standard Chartered Securities (India) Ltd. Work Station - 1016, Standard Chartered Tower, 201-B/1,1st Floor, Western Express Highway,Goregaon (East),400063,67559626. Standard Chartered Securities (India) Ltd. Sai Plaza, Ground Floor, Jawahar Road, Opp. Railway Station,Ghatkopar (East),400077,25028540. Standard Chartered Securities (India) Ltd. 6, Sanghrajka House, 1st Floor, 431, Dr. D.B. Marg, Opera House,400004,65177950. Standard Chartered Securities (India) Ltd. Ground Floor, Anand Commercial Centre, Near Asha Parekh Hospital, S.V. Road, Santacruz (West),400054,26004633.Mysore: Kotak Securities Ltd No: 646 - Kiran Mansion - 2 Nd Floor, Above Reliance Fresh, ChamarajaDouble Road,4000861. SBICAP Securities Ltd C/O State Bank Of India, Mysore Main Branch,P.B.No-204, Motikhana Building, New Sayaji Rao Road,570024,2435866.Nagpur: Bajaj Capital Ltd Shop No. 5, Pushpakunja Commercial Complex, Central Bazar Road, Ramdas Peth,440010,6618577. IDBI Capital Market Services Ltd Unit No. 104, Ashish Annexe, Plot J-13 A, Whc Road, Laxmi Nagar,440022,2230005. Kotak SecuritiesLtd Plot No. 5, 3rd Floor, Lotus Gorepeth Layout Whc Road , Dharampeth,6620278. SBICAP Securities Ltd C/O Sbi Seva Sadan Branch, 75 Moti Mohan Complex Seva Sadan Chowk, C.A.Road,440018,3257729. Standard Chartered Securities (India) Ltd. 101/102, Shriram Shyam Towers, 1st Floor, Kingsway, Sadar,440001,3243681.Nashik: Bajaj Capital Ltd G 18 & 19 , Suyojit Sankul, Tilak Wadi, Sharanpur Road,422002,6629011.Kotak Securities Ltd G-5, Suyojit Avdhoot Tower, Old Gangapur Naka, Gangapur Rd,6609804. SBICAP Securities Ltd C/O Sbi Spbb Br., Plot No. 56 ,Opp. Wadnagare Bhavan, Thatte Wadi, College Road,422005,2232152.New Delhi: Bajaj Capital Ltd Bajaj House, 97, Nehru Place,110019,41693000. Bajaj Capital Ltd United India Life Building, F-Block, Middle Circle, Connaught Place,110001,41790444. Enam Securities Pvt LtdM-39, Iind Floor, Outer Circle,Opp.Super Bazar, Connaught Place,110001,49811200. IDBI Capital Market Services Ltd Office No. 216-217-218, Second Floor, Vardhman Tower, Preet Vihar,110092,32472133. IDBI Capital Market Services Ltd C-1/103-104,Lajpat Nagar -1, New Delhi,110024,9810316643. IDBI Capital Market Services Ltd 114, 1st Floor, Aggarwal City Plaza,Plot No. 17, Manglam Palace, Sector 3, Rohini,9810533146.JM Financial Services Pvt Ltd 114 Himalya House,23,K G Marg,110001,41305000. Kotak Securities Ltd 202-217, 2nd Floor, Ambadeep Building, 14, Kasturba Gandhi Marg,66313131. Motilal Oswal Securities Ltd 801-806,8th Floor, Prakash Deep Building, 7 Tolstoy Marg, Connaught Place,0,43671859. Nirmal Bang Securities Pvt. Ltd Flat No.120, New Delhi House, 27 Barakhamba Road,110001,43603961. Religare Securities LtdG 36 Marina Arcade Inner Circle Connaught Place,110001,66201412. Religare Securities Ltd Religare Securities Limited, 4th Floor, D3, P3B, District Center, Saket,1100017,39125410. Religare Securities Ltd G - 16, Marina Arcade, Opp. Shivaji Stedium, Connaught Place,110001,66154195. RR Equity Brokers Private Ltd 47, M.M. Road, Rani Jhansi Marg, Jhandewalan,110055,9312940483. RR Equity Brokers Private Ltd 105, AnchalPlaza,Nelson Mandela Road Vasant Kunj,110070,26891262. RR Equity Brokers Private Ltd 105, Pratap Bhawan , Bahadur Shah Zafar Marg,110001,49505500. RR Equity Brokers Private Ltd 118, Gagandeep Building, Rajendra Place,110008,25764872. RR Equity Brokers Private Ltd 106, Pankaj Chambers, Preet Vihar Community Centre,110092,42421238. RR Equity Brokers Private Ltd Shop No. 24, Fd Market, Near MadhubanChowk, Pitampura,110034,27311419. RR Equity Brokers Private Ltd N-24 - 25, Connaught Place,110001,41523306. RR Equity Brokers Private Ltd 111, Jyotishikhar, 8 Distt. Centre , Janakpuri,110018,25617654. SBICAP Securities Ltd Sbi Spb Branch11, Parliament Street,110001,23744235. SBICAP Securities Ltd State Bank Of India Personal Banking Branch, A-15 Hauz Khas,110016,26511104. SBICAP Securities Ltd 9, NewRajdhani Enclave, Swasthya Vihar,Nr Preet Vihar Metro Station,110092,45108482. SBICAP Securities Ltd C/O, State Bank Of India, E-2/28, Sector-7, Rohini,110085,27055815. Standard Chartered Securities (India) Ltd. 159, Aggarwal Citi Plaza, Plot No. 17, Manngalam Place, Sector 3, Rohini,110085,47090181. Standard Chartered Securities (India) Ltd. 52-53, Malviya Smriti Bhawan, Deen Dayal Upadhyay Marg,110002,41514821.Standard Chartered Securities (India) Ltd. E-2/27,Ground Floor, Main Link Road, Jhandewalan, Near Jhandewalan Metro Station, Gate No.2,110055,43293200.Noida: Bajaj Capital Ltd Sector -29 A-2, Brahmputra Commercial Complex, Near Rail Reservation Centre, Sec. 29,201301,6494074. Bajaj Capital Ltd Sec-41 C-20, C Block Market, Sector-41,201301,2570410. Kotak Securities Ltd 2nd Floor, Above Kotak Mahindra Bank,G-31-32, Atta Market, Sector-18,4606911. Religare Securities Ltd Gys Global Religare Securities Limited , A 3 /4/5 Sector 125,201301,3394178. RR Equity Brokers Private Ltd P-5,Sector - 18,201301,4336902. SBICAP Securities Ltd C/O State Bank Of India, Sector-26,201301,2532133.Panjim: Bajaj Capital Ltd F2, 1st Floor, Alfran Plaza, Near Don Bosco School, Panaji, Goa,403001,2356869. Kotak Securities Ltd 2nd Floor,GurusaiPlaza,Isidoria Baptista Road,Margao,6624833. SBICAP Securities Ltd Sbi, Panaji Main Branch Dayanand Bandodkar Marg Near Hotel Mandovi,403001,3253886. Standard Chartered Securities (India) Ltd. 15, 16 & 17, Haroons Arcade, Magnum Center, 1st Floor, M. G. Road, Panaji,403001,2232173.Patiala: SBICAP Securities Ltd State Bank Of Patiala Mall Road, The Mall Near Sherawala Gate, Demat Section,147001,5013356.Patna:Bajaj Capital Ltd Flat No. 108, 1st Floor, Ashiana, Plaza, Budha Marg,800001,6451056. IDBI Capital Market Services Ltd Patna Branch Office, 205, 2nd Floor, Grand Plaza, Fraser Road,800001,3200687. Kotak Securities Ltd Office No.7, Twin Tower Hathwa, South Gandhi Maidan,2224620. RR Equity Brokers Private Ltd 422-23, 4th Floor,Ashiyana Harniwas Complex,New Dak Bunglow Road,800001,9334114868. SBICAP SecuritiesLtd C/O State Bank Of India ,Spb Gandhi Maidan,Biscoman Bhavan,800001,3260943.Pondicherry: Bajaj Capital Ltd No. 127/A, 100 Ft. Road,Natesan Tower, 1st Floor, Natesan Nagar,605001,6452334. SBICAP Securities Ltd 164, Kamraj Salai, 1st Flr, Above Sbi Adb Branch,605013,4304236.Pune: Bajaj Capital Ltd Shop No 6, Sanas Plaza, 1302, Subhash Nagar, Bazirao Road,411002,65009460. Bajaj Capital Ltd Suyash Plaza,Office No.08, 3rd Floor, Opp-Selene Building, Bhandarkar Road, Near Kamla Nehru Park,411004,65009463. Enam Securities Pvt Ltd 1248A, Asmani Plaza, Goodluck Chowk, Deccan Gymkhana, Shivaji Nagar,411004,25521606. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 101 & 102, Silver Prestige, 1st Floor, Opp. Mccia, Tilak Road, Swargate,411002,30205492. IDBI Capital Market Services Ltd Office No. 32 / 33, 2ndFloor, Building B, Wing C, Shrinath Plaza, Modern College, Shivagi Nagar,411004,32913133. JM Financial Services Pvt Ltd 205 Business Guild ,Opp. Krishna Dining Hall,Law College Road, Erandawane,411001,39871600. Kotak Securities Ltd 2 Nd Floor, Kumar Business Center,Bund Garden Road,Opp. Bund Graden,66066129. Religare Securities Ltd Amar Calibre, Ground Floor, C.T.S No. 911,Bmc Collage Road, Opp. Hotel HillView, Deccan Gymkhana,411004,9167216617. Religare Securities Ltd Religare Securities Ltd., Vascon Matrix, Ground Floor, Near Shoppers Stop,Wakdewadi,Shivaji Nagar,411005,0. SBICAP Securities Ltd State Bank Of India Deccan Gymkhana Branch J.M.Road, Deccan Gymkhana,411004,25539399. SBICAP Securities Ltd C/O Sbi Bund Garden Branch, Grale 171/B, 1st Floor, Dp Road,411001,30221091. Standard CharteredSecurities (India) Ltd. A/2, 1st Floor, Deccan Chambers, C.T. Survey No. 33/40, Erandwane, Karve Road,411004,25453436.Raipur: Kotak Securities Ltd Menzanine Fllor, Chawla Complex, Near Vanijya Bhawan,Devendra Nagar Road,251555. SBICAP Securities Ltd C/O State Bank Of India,Kutchery Branch,Kutchey Chowk,492001,4075329.Rajkot: Bajaj Capital Ltd Prathibha Complex, Near Jayesh Publicity, Moti TankiChowk,360001,6450135. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 308, 3rd Floor, Towar Commercial Complex,Jawahar Complex,Near Galaxy Hotel,360001,2226383. IDBI Capital Market Services Ltd 1st Floor, Ankur Bldg Dr. Radhakrishan Road, Near Moti Tanki,360001,3056091. JM Financial Services Pvt Ltd 202 Solitaire, 2nd Floor, Swami Vivekanand Marg, Near Municipal Commissioner Bunglow, RamkrishnaNagar,360007,3984000. Kotak Securities Ltd Nath Complex, 2nd Floor, Opp. Jilla Panchayat, Above Kotak Mahindra Bank, Yagnik Road,2459436. SBICAP Securities Ltd 608, Dhanrajni Complex, 6th Flr, Near Imperial Palace Hotel, Dr Yagnik Road,360001,3043328.Ranchi: Eureka Stock & Share Broking Services Ltd. G-2,Qtr,Shree Gopal Complex,Court Road,834001,2200230. Kotak Securities Ltd Shop No. 24 & 25, 2nd Floor,A.C. Market, G.E.L. Church Complex, Main Road,2200860.Salem: Bajaj Capital Ltd 22, Gf, Omalur Main Road,636009,6452565. Kotak Securities Ltd 5/241, F Rathna Arcade Five Road,Meyyanur,2335476. SBICAP Securities Ltd Sbi Siruthozhil Branch Bank House,No. 68 Cherry Road,636007,4031780.Shimla: SBICAP Securities Ltd C/O State Bank Of India, New Building, 2nd Floor, The Mall,171003,2652726.Siliguri: BajajCapital Ltd 3rd Floor, Jatin Das Sarani, (Near Jwel Club),Ashram Para,734001,9641831375. Eureka Stock & Share Broking Services Ltd. 2nd Floor,Metro Plaza,S.F.Road,Khalpara,734405,9832379189. Kotak Securities Ltd Nanak Complex, 2nd Floor, Sevok Road,. Standard Chartered Securities (India) Ltd. Pratap Market, 1st Floor, Sevoke Road, Near Payal Cinema,734401,2544894.Surat: Bajaj Capital Ltd L-4, Ground Floor,Vishwakarma Chambers, Majura Gate Crossing Road, Ring Road,395002,6450421. JM Financial Services Pvt Ltd 407, 4th Floor, 21 Century Business Centre, Near Udhna Char Rasta, Ring Road,395002,3984000. Kotak Securities Ltd Kotak House, K G Point, 1st Floor, Nr.Ganga Palace, Opp.Idbi Bank, Ghoddod Road,2254553. RR Equity Brokers Private Ltd M 32-Center Point,Civel Char Rasta Ring Road,395002,9925233692.SBICAP Securities Ltd 1/580, Pore Street, Nanpura, Opp Sbi,395001,2464888. Standard Chartered Securities (India) Ltd. U-18,Upper Ground Floor, Jolly Plaza, Athwagate,395001,2463101.Thiruvananthapuram: Bajaj Capital Ltd Edamala Plaza, Tc 14/999 Opposite Police Headquarters, Vellayambalam Road, Vazahuthacadu Sasthamangalam Post,695010,6450176. IDBI Capital Market Services Ltd Nh Road,Killipalam,Trivandrum.,695002,4018482. Kotak Securities Ltd Mahesh Estates, 2nd Floor, T L -15/1805, Vazhuthacadu,2337423. SBICAP Securities Ltd First Floor, State Bank Of Travancore Building, Sasthamangalam,695010,6454296.Trichy: Bajaj Capital Ltd Swati Arcade, 73/1 - F 1st Floor Salaia Road, Thillai Nagar,620018,6452094. Kotak Securities Ltd C-56,1-24-4th Cross, Thillai Nagar,. SBICAP Securities Ltd C/O, StateBank Of India, Micr Center, Ground Flr, Asha Arcade, 73 Promenade Road, Cantonment,620001,4002818.Udaipur: Kotak Securities Ltd 222/12, Ist Floor, Mumal Towers, Saheli Marg,513901. SBICAP Securities Ltd C/O Sbi, Main Branch, 23/C Madhuban,313001,2420150. Standard Chartered Securities (India) Ltd. Abhay Niwas, 5, 1st Floor, Residency Road,313001,3204889.Ujjain: SBICAP Securities Ltd C/O Sbi Main Branch,State Bank Building, Budhwariya,465001,4061476.Vadodara: Bajaj Capital Ltd 129 Siddharth Complex, R C Dutt Road,390007,3088162. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd Gf 9, Silverline Towers, Opp Bbc Towers,Sayajiganj,390005,3026945. Enam Securities Pvt Ltd 642 Fortune Towers, Sayajiganj,390005,2225412. IDBI Capital Market Services Ltd G/24 Concorde Bldg R P Dutta Road, Near Idbi Bank, B/H Idbi Bank, Alkapuri,390005,3201426. JM Financial Services Pvt Ltd G1Ground Floor, Shohan, 49 Alkapuri Society, Opp. Hdfc Babk, Alkapuri,390007,3984311. Kotak Securities Ltd 216, Meghdhanush Complex, Race Course Road (South),2314455. Religare Securities Ltd 3rd Floor, Corner Square, B/S West Side Near Natu Bhai Circle, Race Course Circle,390007,9558816823. RR Equity Brokers Private Ltd 222 Siddharth Complex,RcDutta Road,390007,3256190. SBICAP Securities Ltd Sbi, Alkapuri, R.C.Dutt Road,390007,6535747. SBICAP Securities Ltd C/O. Sbi Mandvi Main Branch, Opp Jamnabhai Hospital, Mandvi,390001,2516422. SBICAP Securities Ltd C/O. Sbi Makarpura I.E. Branch, Vcci Building, Makarpura,390010,2632533. Standard Chartered Securities (India) Ltd. F-101, Savoy Complex, Old Padra Road,390020,2357160.Varanasi: BajajCapital Ltd D-58/53-54, 1st Floor, Shiva Complex, Rath Yatra Crossing,221010,6450181. IDBI Capital Market Services Ltd D-58/12, A-7, Iiird Floor, Gandhi Nagar, Sigra,221010,9935397975. RR Equity Brokers Private Ltd D -64/127 C-H, Arihant Complex, Nagar Nigam Road, Sigra,221010,9415201997. SBICAP Securities Ltd C/O State Bank Of India , Bhelupur Branch,221010,22277558.Vijayawada: Bajaj Capital Ltd KalyanComplex 39-1-89, 1st Floor, Beside Obc Bank, Temple Street, M.G. Road, Labbipet,520010,6450181. Kotak Securities Ltd 40-1-48/1, Labbipet, M.G.Road,6649061. SBICAP Securities Ltd Sbi ,Governorpet Branch Ali Begh Street Governorpet,520002,2577887.Visakhapatnam: Bajaj Capital Ltd Door No.10-1-125, 1st Floor, Asilmetta Junction, Beside Prasad Labs,530003,6461773. IDBI Capital Market Services Ltd 10 / 1 / 44 3rdFloor, T. L. N. Complex Opp. Idbi Bank, Siripuram,530003,3201715. JM Financial Services Pvt Ltd Door No 9-1-224/4/3, 1st Floor, Nandan Nirman,500003,3983800. Kotak Securities Ltd Door No.47-10-15, Vrc,. SBICAP Securities Ltd C/O Sbi Main Branch, Demat Section, Opposite Jail Road Junction, Near Redham Gardens,530002,9949324544. Standard Chartered Securities (India) Ltd. Vijayalakshami Nilayam, 1st Floor, 10-50-81, Rock Dale Layout, Waltair Main Road,530002,2739420.

AGRA : Bajaj , Shop No. 110, Ground Floor, Block No. 27/2/4, Sanjay Palace, Tel - 0562-6457307; ICICI Sec ,Mr. SUSHANT BEJROI,13A, 1St Floor,Sadar Bazar,,AGRA - 282002; KARVY,F4, 1st FLOOR, DEEPAK WASAN PLAZA,SANJAY PLACE, (BEHIND HOLIDAY INN),AGRA,Tel - 2526660 / 63; Kotak Sec ., 2/220, Glory Plaza, M.G Road,P: 5538760; RR Equity, 9, Sbi Colony, 1st Floor, M.G.Road, Tel - 9319087289; SMC,Mr. R N Gupta,F- 4, Block No 35, Surya Kiran Building ,Sanjay Place ,Tel - 7520787708; AHMEDABAD : Bajaj , 2-L, ‘Akik’ ,Mithakhali Six Raod, Ellisbridge, Ph: 079-64500171, 72; Centrum ,Mr. Rajesh Subramanian,A/1, Narnarayn Complex,Swastik Char Rasta, Navrangpura, Ahmedabad - 380009,Tel - 079-40089176; Eureka , Block, R No. 405-A, Near 10 – C, Petrol Pump, Satellite, Tel – 09428792938/09376643939; ICICI Sec,Mr. KRUNAL NANAVATI,Shop no 6, Sun complex,C.G. Road,,AHMEDABAD - 380009;ICICI Sec ,Mr. ABHISHEK SHARMA,First Floor Shop No 119,Akshar Commercial Complex,Satellite Road; ICICI Sec ,Mr. RAVI SETHIA,Ground Floor, Shop No 4 & 5,Shilp Corner, Subhash Chowk,Gurukul Road, Memnagar,AHMEDABAD - 380052;ICICI Sec ,Mr. HETAL PATEL,First Floor, Shop No. 106/107,Krishnabaug Char Rasta,KesharkunjComplex Maninagar,AHMEDABAD - 380008;ICICI Sec ,Mr. AALAP SHAH,Ground Floor Shop No 39,40,41,42,Sarjan 2, 100 Feet Road,Sarjan 2,New C.G Road,Chandkheda,AHMEDABAD - 382424;ICICI Sec ,Mr. AKHILESH TIWARI,Sardar Centre, Grd Floor,Shop no. 31 to 35, Vastrapur,AHMEDABAD - 380015;ICICI Sec ,Mr. VRUNDA SHASTRI,Shop No. 1,2,3,4,Suvas Complex, 1St Floor Shahibaug.,AHMEDABAD - 380004;JM Financial , Mr Bhavesh Shah/Mr.Girish Shah, G-10 Chinubhai Centre,Gr. Flr, Nehru Bridge Corner,Ashram Road, Ph:079-2657 6666 – 70; KARVY,7 - 8, 2ND FLOOR, 3RD EYE BUILDING,PANCHVATI CIRCLE, C.G.ROAD,,AHMEDABAD,Tel - 079-26407543,44; KARVY,27, SUMAN TOWER, 1ST FLOOR,SECTOR NO.11,GANDHINAGAR,Tel - 079-23240166; Kotak Sec ., 207, 2nd Floor, Sakar-II, Ellisbridge Corner, AshramRoad.P:26587276; Kotak Sec Ltd., 201/A, Amruta Arcade, Nr Maningr Char Rasta, Maningr; Kotak Sec ., B/104, 1st Floor, Premium House, P:26579567; Kotak Sec ., B-46, Kamdhenu Complex, Panjara Pole, Ambawadi.P:26308035; Nitin Parikh, 101, Akash Ganga, Nr. Munshi Nursing Home,Gujarat College Road, Ellisbridge, Tel - 2640 4510-13/ 4020 6900; Pravin Ratilal, Sakar-I, 5th Floor, Navrangpura, Ahmedabad – 380009,Tel – 26553700; RR Equity, 401, Abhijit-1, Mithakhali, 6 Road, Navrangpura, Ahmedabad-390009 079- 40211888; Standard Chartered ,Attn : Shainy Vani,101, Popular House, Ashram Road, Ahmedabad - 380009 ,Tel - 9974160266;Standard Chartered ,Attn : Dewal Dave ,101, Popular House, Ashram Road, Ahmedabad - 380009 ,Tel - 9825551124; SMC ,Mr. Jimeet Seth,10-A, Kalapurnam,C G Road , Ahmedabad 380003 ,Tel- 9825612323;SMC ,Mr. Kartik Dave,3rd Floor, Sun City House, Besides Pantaloon, MithaKhali Six Road, Ahmedabad - 380009. ,Tel - 9427181917; Sharekhan Ltd,201/202/301,Dynamic House,Near Vijay Cross Road,Navrangpura,Ahmedabad,380009,Tel - 079 - 66060141; ALLAHABAD : ICICI Sec ,Mr. VIKRAM SINGH,27/17, 1St Floor,Algin Road, Civil Lines,,ALLAHABAD - 211001; KARVY,2nd Floor, RSA Tower,57, Sardar PatelMarg, Civil Lines,,ALLAHABAD,Tel - 2260291-92-93; Kotak Sec ., M-4, Mezzanine Floor, LDA Center, 2, Sardar Patel Marg, Civil Line.P: 2561451; AMRITSAR : ICICI Sec ,Mr. SAURAV GUPTA,3, Lawrence Road,AMRITSAR - 143002; KARVY,72-A TAYLOR’S ROAD,OPP.AGA HERITAGE GANDHI GROUND,AMRITSAR,Tel - 5053802/3/4/5; Kotak Sec ., Unit No.FUF-7, Central Mall, 32, Mall Road; AMBALA : KARVY,5509,NICHOSON ROAD,ADJACENT KOS HOSPITAL AMBALA CANTONEMENT,AMBALA,Tel - 3200223 / 2640668; ASANSOL : KARVY,18 G T ROAD,3rd FLOOR,,ASANSOL,Tel - 2214623, 2214624, 2214625; ANAND : KARVY,F-6, Chitrangana Complex,Opp: Motikaka Chawl ; V V Nagar,ANAND,Tel - 248980/248873; Kotak Sec ., 3rd Floor, “Sanket”, Near Grid.P: 2573311; RR Equity, G-1, Silver Oaks, V.V.Road Anand Gujarat 3880019377306968; Sharekhan Ltd,F-5 Prathna Vihar,Anand Vidya Nagar Road,Anand,Gujarat,388001.,Tel - 02692-245614/15/16; AURANGABAD : ICICI Sec ,Mr. BHAVESH BHANUSHALI,Gr. Floor, Ghai Chambers,Jalna Road,,AURANGABAD - 431001; KARVY,SHOP NO.214/215,TAPADIYA CITY CENTRE, NIRALA BAZAR,AURANGABAD,Tel - 23635309665066500; BANGALORE : Bajaj , Unit 104-107, First Floor, ‘A’ Wing, MittalTowers, M.G. Road, Bangalore – 560001, Ph: 080-65471121, 65471123; Centrum ,Mr. Vikas Pathania,#194,Akruti Chambers, Binnamangala II, Double Road, Indaranagar, Bangalore 560038,Tel - 080-32218880/ 09686450949; Enam Sec, 10/3, Ground Floor, No.29, Empire Infantry, Infantry Road, Tel – 40333222; ICICI Sec ,Mr. NAVEEN GOWDA,73/1-1, Krishna ,Infantry Road,BANGALORE - 560001;ICICI Sec ,Mr. RAVIKANTAK,First Flr, CNN & Yashosha Complex,No.87 , HBCS Layout, Basweswar Nagar,,BANGALORE - 560079;ICICI Sec ,Mr. SRINIVASAN GOPALAKRISHNAN,First Floor, No. 9/1,Cambridge Road Layout, First Cross,,BANGALORE - 560008;ICICI Sec ,Mr. VIPIN TRIVEDI,First Floor, No.778/A,Chinnaswamy Chambers, off CMH Road,Indira Nagar.,BANGALORE - 560038;ICICI Sec ,Mr. SHASHIKANTH RAO,Sriranga Complex, No.77, First Floor,Dr. Modi Road,2Nd Stage West of Chord Road,,BANGALORE - 560086;ICICI Sec ,Mr. PIYALI ROYCHOWDHURY,First Floor No.50 Little Plaza,Cunningham Road,,BANGALORE - 560052;ICICI Sec ,Mr. PRAKASH SRIVASTAVA,First Floor,135/5, 15Th Cross,100 Ft Ring Road,3Rd Phase J P Nagar,BANGALORE - 560078;ICICI Sec ,Mr. MALLIKARJUN KUBSAD,First Floor, No 81/B 22Nd Cross,Jaya Nagar, 3RdBlock,BANGALORE - 560041;ICICI Sec ,Mr. KULDEEP KALYANKUMAR,No:399 ,White Gold,1St Floor,24Th Cross, Bhanashankari II Stage,BANGALORE - 560070;ICICI Sec ,Mr. AMITABH KUMAR,Second Floor, No:4C-402 HRBR Layout Kamanahalli,II Block,BANGALORE - 560043;ICICI Sec ,Mr. SATYAJEET SHARMA,First floor No. 209, New BEL Road,BANGALORE - 560054;ICICI Sec ,Mr. SUKESH KS,#105, A.E.C.S. Layout2Nd Stage 5Th Main Post Officeroad,Sanjay Nagar Main Road,BANGALORE - 560094;ICICI Sec ,Mr. MANISH KUMAR,6/1, Ghandi Bazar First Floor,Basavanagudi,Main Road, Gandhi Bazar.,BANGALORE - 560004;ICICI Sec ,Mr. NARENDRA KUMAR,No.2, 100Ft Ring Road, Katriguppa Circle,Bhanashankari III Stage,BANGALORE - 560085;ICICI Sec ,Mr. DHANANJAY KUMAR,No 72/1-B,Kanakapura,Mani Road

Rd, Ph:-080- 30912400/2299 8264/65/66/67; KARVY,NO.746, 1ST FLOOR, KRISHNA TEMPLE ROAD,INDIRA NAGAR 1ST STAGE,INDIRA NAGAR,Tel - 25264344 / 2930 ; KARVY,165 & 166, MANJUNATHA CHAMBERS,SHANKARNAGAR MAIN ROAD,BANGALORE,Tel - 23375292, 23471375;KARVY,”SKANDA” NO 59,PUTANA ROAD, BASAVANAGUDI,BANGALORE,Tel - 26621192 / 93; Kotak Sec ., ‘Umiya Landmark’–II Flr., No:10/7 -Lavelle Rd.P: 66203601; Kotak Sec ., no 201, soundrya sampige complex, Sampige Road, No 412, 8th Cross, Malleswaram. P: 9900133758; RR Equity, S-111,Manipal Centre,47,Deckenson Road,Banglore-42 080-42477177; Standard Chartered ,Attn : P.V. Arvind Kumar,Ground Floor, Sri Bhavana Thilaka, 4/2 Millers Road, Bangalore - 560052. ,Tel - 9632200224;Standard Chartered ,Attn : Deepak R.S.,J.R. Complex,No.21/1, Hosur Main Road, Nanjappa Layout, Adugodi, Bangalore - 560030. ,Tel - 080 - 22108140 / 41 / 42; SMC ,Mr. Parag Bisht,Premises # 7,8,9,10,Ground floor,Gold Tower,#50(old # 98),Residency Road,Bangalore – 560025 ,Tel - 9739112254; Sharekhan Ltd,#2307, Swanlines Building, 12th Main Road, Jayanagar 3rd Block East, Bangalore - 560011,Tel - 080 - 42876666; BAREILLY : KARVY,1ST FLOOR, 165, CIVILLINES,NEAR RAILWAY STATION,BAREILLY,Tel - 2574238 TO 39; Sharekhan Ltd,148 Civil Lines,Bareilly,243001,(U.P.),Tel - O581-2510922 /925; BELGAUM : KARVY,FK-1, KHIMAJIBHAI COMPLEX,AMBEDKAR ROAD, OPP: CIVIL HOSPITAL,BELGAUM,Tel - 2402544 / 722 / 880/ 3095262; Kotak Sec ., Shri Laxmi Sankul Complex, T-01, 3rd Flr, Maruti Galli, P: 4203033; BHARUCH : KARVY,FF 47/48, ADITYA COMPLEX,OPP:KASAK FUWARA,BHARUCH,Tel - 225207, 225208,209; Kotak Sec ., 235-236, Harihar Complex, Zadeshwar Road.P:570569; BHATINADA : KARVY,2048, 1ST FLOOR,THE MALL ROAD,BHATINDA,Tel - 5006725 TO 727 ; BHILWARA : KARVY,27-28, 1ST FLOOR, HEERA-PANNA COMPLEX,PUR ROAD,BHILWARA,Tel - 246362 / 246364 / 512586; BHILAI : KARVY,NEW CIVIC CENTE SHOP NO 138,0,BHILAI,Tel - 2295329/ 37 / 32; BHOPAL : Bajaj , Shop No. 6, First Floor, Jyoti Cinema Complex, M.P. Nagar, Zone1, Bhopal – 462011, Ph: 0755-6459550; ICICI Sec ,Mr. VINIT KARMALEKAR,2, Malviya Nagar, BHOPAL - 462001; KARVY,KAY KAY BUSINESS CENTRE,133, ZONE 1, MP NAGAR,BHOPAL,Tel - 4092701 TO 704 ; Kotak Sec ., Third Floor, Alankar Palace, 10-11, MP Nagar, Zone 2.P: 5248133; Standard Chartered ,Attn : Amit Malviya,K.K.Plaza, Plot No. 1, Zone 2, Maharana Pratap Nagar, Bhopal - 462011. ,Tel - 9826321605; BHUBANESHWAR : Kotak Sec ., Plot No – 24, 2nd Flr., SCR, Nr Bazaar Kolkata, Bapuji Nagar, Janpath.P: 2597871; RR Equity, 3-4 Anand Plaza, Laxmi Sagar ,Square Cuttack Road, Bhubaneshwar Orissa 751009 9861196880, 9861196880; Standard Chartered ,Attn : Navjot Kaur,5, Janpath, Unit - 3, Kharavel Nagar, Bhubaneswar - 751001 ,Tel - 9861727932; BURDWAN : KARVY,BIRHATA (HALDER COMPLEX),63, G T ROAD,BURDWAN,Tel- 2550801; BHAVNAGAR : KARVY,301, 3RD FLOOR,SURABHI MALL,WAGHAWADI ROAD,BHAVNAGAR,Tel - 2567005, 06,3001004,05; RR Equity, 251 Madhav Darshan,Waghawadi Road Bhavnagar Gujarat 364001 0278-2522120, 9426235681; Sharekhan Ltd,Gangotri Plaza, 8A 3rd Floor , Opp Dakshinamurti School , Waghawadi Road, Bhavnagar -364002.,Tel - 0278 - 2573938-39; BIKANER : ICICI Sec ,Mr. SANDEEPJAIN,Gr. Floor, 44, Panchshati Circle,Sadulganj,,BIKANER - 334001;BOKARO : KARVY,B-1,FIRST FLOOR,CITY CENTRE,NEAR SONA CHANDI, SECTOR-4,BOKARO STEEL CITY,Tel - 233330/31/32; RR Equity, Ga-18,City Center Sector-4 Bakaro Steel City, Jharkhand-827004, 9835139765, 9835377584; CALICUT : KARVY,FIRST FLOOR, SAVITHRI BUILDING,OPP.FATIMA HOSPITAL, BANK ROAD,CALICUT,Tel - 2760882/ 2760884 / 2760883; CHANDIGARH : Bajaj , SCO 341 - 342, First Floor, Sector 35B, Chandigarh 160036, Ph: (0172) , 6451612 – 13; ICICI Sec ,Mr. RAJIV GOYAL,SCO-181/182,1st floor, Next to British Library,Sector 9C,CHANDIGARH - 160017; ICICI Sec ,Mr. AMIT TYAGI,Sco 62,Sec - 47C,,CHANDIGARH - 160047; KARVY,SCO 32, 1ST FLOOR, PHASE 7,S A S NAGAR,,MOHALI,Tel - 5091800/1, 5091802 (D);KARVY,SCO32, 1ST FLOOR, PHASE 7, ,S A S NAGAR,,MOHALI,Tel - 5091800/1, 5091802; Kotak Sec ., SCO-14-15, 2nd Floor, Madhya Marg, Sector-8C.P: 5065301; RR Equity, SCO-222-223,Gr. Floor,Sector-34A, Chandigarh 0172-2624896; Standard Chartered ,Attn : Mukesh Singh,Sco-35-F.F,Sec-21-C,Chandigarh,Pin -160021 ,Tel - 9023488999; Sharekhan Ltd,SCO : 185,1st Floor, Sector 38-C, Chandigarh-160036 (Punjab),Tel - 0172-4643000; CHENNAI : Bajaj , Wellington Plaza, 3rd Floor, 90, Anna Salai, Chennai – 600002, Ph: 044-23451207, 08; Centrum ,Ms. A. Sangeetha,Ganesh Enclave, 39 Gopalapuram, 1st Street, Chennai – 600 086,Tel - 044-49026006/ 9843707979; Eureka , Karnani Archieves, 154, Pycroft Road, Tel – 9884710122; Enam Sec, 11, Vijay Delux Apts, 7/4, First Main Road, Cit Colony, Mylapore, Tel – 39184335/4226; ICICI Sec ,Mr.

- 5th Floor,91-92. Dr.Radhakrishnan Salai,Mylapore, Ph:044-4225 5666; KARVY,G-1, SWATI COURT, 22, VIJAYA RAGHAVA ROAD,T NAGAR,CHENNAI,Tel - 28151034 / 28153445 /42126406; KARVY,T-92, Ground Floor,3rd Avenue Main Road,Near Hotel Nalas Appa Kadai,Annanagar - CHENNAI,Tel - 26224482,42103538,39; Kotak Sec ., GRR Business Cneter, No.21, Vaidyaraman Street, T Nagar.P:66462000; RR Equity, 3rdFlr.,Percision Plaza,New -397, Teynampet, anna Salai, Chennai- 600018 044-42077370/71; Standard Chartered ,Attn : Deva Rajulu,W-123, 1st floor, 3rd Avenue, Anna Nagar, Chennai - 600040,Tel - 9841019780;Standard Chartered ,Attn : Mohan K. S.,Jamals Santhini, 1/1, II nd Main Road, Seethammal Colony, Alwarpet, Chennai - 600018. ,Tel - 24328944 / 24329759 ; SMC ,Mr. L Padamanaban,2nd Floor, ‘A’ MookambikaComplex,No.4, Lady Desikachari Road,Mylapore, Chennai - 600004,Tel - 9884885541; Sharekhan Ltd,G-2,Salzburg Square,107-Harrington Road,Chetpet,Chennai,600031,Tel - 044-28362800; COIMBATORE : Bajaj , No. 575, D.B. Road, First Floor, R.S. Puram, Coimbatore – 641002, Ph: 6470136, 38; ICICI Sec ,Mr. SARAVANAN .K,444, X-Cut Road,Gandhipuram,Coimbatore,COIMBATORE - 641012; KARVY,”JAYA ENCLAVE”

ICICI SECURITIES LIMITED

A. K. STOCKMART PRIVATE LIMITEDAhmedabad : Ashika Stock Broking Limited , Mr Rahul Mall , 9836106132 , 226/1, Trinity Bldg, Ajc Bose Road, 7th Floor, Minto Park, Kolkatta 700020 , Gujarat ; Edelweiss Broking Limited , , , Office No. 402, 4th Floor, 3rd Eye One, Opp. Havmore Restaurant, Panchvati 380006 , Gujarat ; Enam Securities Pvt Ltd , Branch Manager , , Shivdhara 7th Floor Cloth Commercial Centre Sakar Bazar Kalupur 380002 , Gujarat ; IfciFinancial Services Ltd , Mr Sandip Kachhadiya , 40328915 , 303 Olive Archade Opp Samudra Annexe Off Cg Road 380009 , Gujarat ; Jm Financial Services Private Limited , Branch Manager , 26576666,70 , G-10 Chinubhai Centre Gr Floor Nehru Bridge Corner Ashram Road 380009 , Gujarat ; Karvy Stockbroking Ltd , , , 7 - 8, 2nd Floor, 3rd Eye Building Panchvati Circle, C.g.road Ahmedabad 380006 , Gujarat ; Kifs SecuritiesLtd , Ajay Dave , 079-3000321, 9909930683 , B/81, Pariseema Complex C.g. Road, Navrangpura 380006 , Gujarat ; Kotak Securities Limited , , , , 2nd Floor, Sakar-ii, Ellisbridge Corner, Ashram Road , Gujarat ; Kunvarji Finstock Pvt Ltd , Daxit Mehta , 079-66147009 , Dakshit Shyamak Complex Nr Kamdhenu Complex Ambawadi 380015 , Gujarat ; Marwadi Shares And Finance Limited , Raj Jivrajani , 9727724629 , AmazoneCorporate Park - Part 4 B/H Navrangpura Post Office Choice Restaurant Lane Off C.g.road 380009 , Gujarat ; Monarch Project & Finmarkets Ltd , Jignesh Nimbark , 9879523481 , Monarch House, Opp Ishwar Bhuvan, Commerce Six Road, Navrangpura 380014 , Gujarat ; Motilal Oswal Securities Limited , Sanket Jani , 30078120, 8121 , Bearing No. G-6/7/8/9 & 10 Citypride Complex Near Nalanda Hotel Mithakali Circle Navrangpura380009 , Gujarat ; Motilal Oswal Securities Limited , Tejas Shah , 9879056565 , City Pride Ground Floor Mithakali Six Roads 380006 , Gujarat ; Nitin Parikh & Co , Rajendra Dlawadi , 9825024636 , 101 Akashganga Nr Dr Munshinursing Home Gujarat College Road Ellisbridge -380006 , Gujarat ; Nitin Parikh Brokerage Services Limited , Nitin Bhanukant Parikh , 9825014640 , 101, Akashganga, Gujarat College Road, Ellisbridge,380006 , Gujarat ; Pravin Ratilal Share And Stock Brokers Ltd , P Sharedalal , 9327023684 , Sakr I, 5th Flr, Opp Gandhigram Rly Station, Navrangpura, 380009 , Gujarat ; Sharekhan Ltd , Mr.sanjay Patel , 079 - 66060141 , 42 , 43 , 6606 0150. 98250 36398, 98791 11960- , 201/202, Dynamic House Near Vijay Cross Rd Navrangpura 380009 , Gujarat ; Tata Securities Limited , Chirag Pawar , 9974313420 , 1st Floor, Shanti Arcade,1 Ktan Soctiety Nr.b.d.patel House Narnpura 380013 , Gujarat ; Way 2 Wealth Brokers Pvt Ltd , Govind Chaudhari , 7600017727 , 304, Iii Floor, 3rd Eye Building Panchavati Cross Road, C G Road 380009 , Gujarat ; Bangalore Ifci Financial Services Ltd , Mr Anil B S , 32557222 , No.7 2nd Cross Csi Compound Mission Road 560027 , Karnataka ; Jm Financial Services Private Limited , Branch Manager , 30912400,22998264,65,66,67, 97/4 Residency Rd 560025 , Karnataka ; Kotak Securities Limited , , , Umiya Landmark’-ii Flr., No:10/7 -lavelle Rd , Karnataka ; Stock Holding Corporation Of India Ltd , Anupama Sinha , 22995236 , B’lore Stock Exch. Towers 51, 1 Cross, J.c. Road 560027 , Karnataka ; Way 2 Wealth Brokers Pvt Ltd , Aby George , 9987922211 , F-102 Suraj Plaza, 196 8/8, 8th Floor,Main Raoad 25th Cross, 3rd Block Jayanagar 560011 ,Karnataka ; Way 2 Wealth Brokers Pvt Ltd , Janardhan , 080-40868927 , Ground Floor, Coffee Day Square Annex, Vittal Mallya Road 560001 , Karnataka ; Bhubaneswar : Skp Securities Ltd , , 0674 6544937 , 45/46 Ashoknagar, 2nd Floor, Janpath 751009 , Orrissa ; Calicut : Ifci Financial Services Ltd , Mr Nijoy Jose , 3211770, 4022005 , Faremont Building 1st Floor, Wayanadu Rd Eranhipalam Po 673006 , Kerala ; Chandigarh: Ifci Financial Services Ltd , Mr Harjit , 8699010371 , Ifci Bhawan , 1- C, Sector- 27 A Madhya Marg 160019 , Chandigarh ; Indiabulls Securities Ltd , Goldy Aggarwal , 9876369999 , Sco 477-478 Sector 35 C 160035 , Chandigarh ; Chennai : Dsp Merrill Lynch Limited , Rajini Nagarajan , 43911704 , # 801- 803 Sigma Wing 8th Floor Block A, Raheja Towers, Annasalai 600002 , Tamil Nadu ; Ifci Financial Services Ltd , Mr Narayan/Ms Ambika Priya , 28306600 , 142 Mahatma Gandhi Road Nungamb Akkam 600034 , Tamil Nadu ; Jm Financial Services Private Limited , Branch Manager , 42255666 , Gee Gee Crystal 5th Floor 91-92. Dr.radhakrishnan Salai Mylapore 600004 , Tamil Nadu ; Standard Charterd Securites (India) Limited , Branch Manager , 26264500, 4300 , W-123 1st Floor 3rd Avenue Anna Nagar 600040 , Tamil Nadu ; Stock Holding CorporationOf India Ltd , Srinithya , 044-25340766 , 25340725 , Justice Basheer Ahmed Sayeed Bldg, 3rd Floor 45,Moore Street, Second Line Beach 600001 , Tamil Nadu ; Way 2 Wealth Brokers Pvt Ltd , Nagalakshmi , 044-42201512 , Wing E, 2nd Floor, Rnj Enclave, No.11, Mahalingapuram Main Road, Nungam Bakkam 600034 , Tamil Nadu ; Chidambaram : Indo Thai Securities Limited , Saurabh Munot , 9994018624 , 41/2 Bazar Street608001 , Tamil Nadu ; Cochin : Geojit Bnp Paribas Financial Services Ltd , K.bipin Murali , 9987049917 , 5th Floor Finance Towers Kaloor 682017 , Kerala ; Stock Holding Corporation Of India Ltd , Reshmi Antony , 2397402 , 4th Floor,Kurian Towers Opp.saritha Theatre Banerjee Rd,Ernakulam-682018 , Kerala ; Dehradun : Anand Rathi Shares & Stock Brokers Limited , Vipul Mehrotra , 0135-2655438, 9359949313 , Anand Rathi,29 Rajpur Road Anekant Palace ,Dehradun 248001 , Uttaranchal ; Gurgaon : Indiabulls Securities Ltd , Rakesh Kumar , 3082164 , Plot No 448-451 Udyog Viharphase V Ndiabulls House 122016 , Haryana ; Indiabulls Securities Ltd , Sudesh Kumar , 9354941910 , 12th Floor Tower A Building No. 5 Dlf Phase Iii, Dlf Cyber City 122016 , Haryana ; Hyderabad Edelweiss Broking Limited , , , 2nd Floor, M. B. Towers, Plot No. 5, RoadNo. 2, Banjara Hills 500034 , Andhra Pradesh ; Enam Securities Pvt Ltd , Branch Manger , 39893626 , 0-3, 650/217 B&C, Maheshwari Chambers, 2nd Floor, Somajiguda 500082 , Andhra Pradesh ; Ifci Financial Services Ltd , Mr Satish Addala , 040-23410491 , My Home Laxmi Nivas Appt Flat No-104 Green Lands Ameerpet 500016 , Andhra Pradesh ; Jm Financial Services Private Limited , Branch Manager , 66360009,10,12,46, 9-10 Uma Chambers 3rd Floor Banjara Hills 500034 , Andhra Pradesh ; Karvy Stockbroking Ltd , , , 46, Avenue 4, Street No.1, Banjara Hills 500034 , Andhra Pradesh ; Motilal Oswal Securities Limited , Gopal Majhi , 040-30624444/45/ 30624447 (Fax) , 201, Lumbini Amrutha Chambers,Near Nagarjuna Circle, Road No.3, Banjara Hills,-380009 , Andhra Pradesh ; Motilal Oswal Securities Limited , Gopal Majhi , 040-30624444, 201, Lumbini Amrutha Chambers,Near Nagarjuna Circle, Road No.3, Banjara Hills-500082 , Andhra Pradesh ; Sharekhan Ltd , Mr. Ranga Rao , 040 - 66827469-70. 093473 06668, 92463 31604 , 7-1-22/3/1-5/C, Afzia Towers 1st Floor Begumpet 500016 , Andhra Pradesh ; Standard Charterd Securites (India) Limited , Branch Manager , 23417032, 36 , Ug - 13 Mekins Maheshwari Mayank Plaza 6-3-866 / 1 / A Greenlands Ameerpet500016 , Andhra Pradesh ; Way 2 Wealth Brokers Pvt Ltd , Sailaja , 040-4561239 , 6-3-571/1/5 Rock Vista 2nd Floor Rock Dale Compound Somaji Guda 500082 , Andhra Pradesh ; A K Stockmart Pvt Ltd , Sravan Reddy , 040-66759862 , 5-9-93/1, Sakhti Sai Complex, 207, 2nd Floor, Chapel Road 500001 , Andhra Pradesh ; Indore : Arihant Capital Markets Limited , Arvind Sharda , 9977250700 , F-1, Ahinsa Tower, 7, M G Road,452001 , Madhya Pradesh ; Jaipur : Anand Rathi Shares & Stock Brokers Limited , Shivprashad Sharma , 9783800316 , C-98, Sanghi Upasana Tower, Subhash Marg, C-scheme 302001 , Rajasthan ; Indiabulls Securities Ltd , Gajraj Choudhary , 9413300066 , Office No. 331 & 332 Third Floor Ganpati Plaza M I Road 302001 , Rajasthan ; Nirmal Bang Securities Private Limited , Sushil Shrimal , 3093700, 9829126654 , 201 2ndFloor Sangam Tower Church Road 302001 , Rajasthan ; Jamshedpur : Skp Securities Ltd , , , 45 Kamani Centre, 2nd Floor, Bistupur, 831001 , Jharkhand ; Skp Securities Ltd , , , 45 Kamani Centre, 2nd Floor, Bistupur, 831001 , Jharkhand ; Kanpur : Indiabulls Securities Ltd , Pramod Nigam , 9935282204 , 304 & 305 3rd Floor, Krishna Tower Civil Lines 208001 , Uttar Pradesh ; Kolkata : Ashika Stock Broking Limited , RaviMundra , 9007066197 , 223/1 Trinity Bld Ajc Bose Rd 7th Floor Minto Park 700020 , West Bengal ; Aum Capital Market Private Limited , Navin Rustagi , 9831959243 , Akashdeep 1st Floor Lower Rawdon Street Mintopark 700020 , West Bengal ; Bonanza Portfolio Limted , Astha , 9007070514 , 1 Gibson Lane, Room No. 105 Behind Orient Cinema Bentinck Street 700069 , West Bengal ; Dsp Merrill Lynch Limited , Milan Doshi, 033-22829875 , 7/1 Lord Sinha Road, Room No 407 Kolkata- 700071 , West Bengal ; Edelweiss Broking Limited , , , 2a And 2b, Savitri Towers, 3a Dr. Martin Luther King Sarani, Upper Wood Street 700017 , West Bengal ; Enam Securities Pvt Ltd , Branch Manger , 3.24631e+15 , S-205,Ideal Plaza, 11/1, Sarat Bose Road 700020 , West Bengal ; Eureka Stock & Share Broking Services Ltd. , Samit Patra , 9051172648 , GilanderHouse E Block 8 N S Road Ground Floor 700001 , West Bengal ; Ifci Financial Services Ltd , Mr Umashankar/ Mr Rohit Mahipal , 32011083, 44026213 , Chatterjee International Centre, 3rd Floor 33-a Jawaharlal Nehru Road 700071 , West Bengal ; Indiabulls Securities Ltd , Preeti Ojha , 9874265097 , Lee Commerce, 26 Lee Road Lee Residency, Second Floor 700020 , West Bengal ; Jm Financial Services Private Limited, Branch Manager , 39870330 , Kankaria Estate 8th Floor 6th Little Russell Street 700071 , West Bengal ; Karvy Stockbroking Ltd , , , 19 R N Mukherjee Road 2nd Floor Kolkata 700001 , West Bengal ; Kotak Securities Limited , , , 7th Floor, Apeejay House, Block ‘C’, 15, Park Street , West Bengal ; Microsec Capital Limited , Nishikant Mehta , 9830036610 , 1st Floor Shivam Chambers 53 Syed Amir Ali Avenue 700019 , WestBengal ; Motilal Oswal Securities Limited , Snehalata Dubey , 9830665717 , 3rd Floor Constantia Bldg 11 Dr U N Brahmachari Street 700017 , West Bengal ; Sharekhan Ltd , Mr. Nilesh Shah , 033 - 22830055, 22805555. 98300 63749 , Kankaria Estate 1st Floor 6-little Russell Street 700071 , West Bengal ; Skp Securities Ltd , Anjan Majumder , 9830628184 , Level 21 Chatterjee International Centre 33 A Jawaharlal Nehru Road700070 , West Bengal ; Standard Charterd Securites (India) Limited , Branch Manager , 22137028, 33 , Mangalam Bldg 24 & 26 Gr Floor Hemanta Basu Sarani Dalhousie 700001 , West Bengal ; A K Stockmart Pvt Ltd , Dinendra Arya/ Nilesh Khandelwal , 033 –22882644 , Om Towers,Unit No.1408, 14th Floor,32,J.l.nehru Road,700071 , West Bengal ; Lucknow : Anand Rathi Shares & Stock Brokers Limited , Soni Singh , 0522-2208544,9415568907 , Anand Rathi, 27/6/1, Taj Plaza , Madan Mohan Malviya Marg, , , Lucknow - 226001 , Uttar Pradesh ; Ludhiana : Market, Ludhiana. - 141001 , Punjab ; Mumbai : Amit Jasani Financial Services Pvt Ltd , Bijal Bakhai , 9820286603 , 301, Hind Rajasthan Chambers, 6, Oak Lane, Opp Gokul Restaurant, Fort, 400023 , Maharashtra ; Anand Rathi Shares & Stock Brokers Limited , Shekhar Margaje , 9820693039 , 4th Floor Silver Metropolis Jai Coach Compund Opp Bimbisar Nagar Goregaon East 400063 , Maharashtra ; Anand Rathi Shares& Stock Brokers Limited , Rajendra Bait , 022-39950304 , Seagull House, 2nd Floor, Plot No.6, Shivaji Colony, Andheri-kurla Road, Chakala, Andheri (E) , Maharashtra ; Ashika Stock Broking Limited , Branch Manager , 61117000 , 1008, Raheja Centre, 10th Floor, 214 Nariman Point Mumbai-400021 , Maharashtra ; Asit C Mehta Investment Intermediates Limited , Vijay Hiralal Bhatt , 9769240709 , Nucleus House Saki Vihar RoadAndheri East 400072 , Maharashtra ; Asset Alliance Securities Pvt Ltd , P.j. Subbarao / Rakesh , 022-66101182,9820529866 , Latin Manharlal Securities 903 9th Floor P J Tower Bse Building Dalal Street Fort 400001 , Maharashtra ; Aum Capital Market Private Limited , Navin Rustagi , 022-40336900 , 403-404 Maker Bhavan No. 3 4th Floor 21 New Marine Lines 400020 , Maharashtra ; B P Equities Private Limited , Ketan Jain, 61596262 , 307 Matharu Arcade Subhash Road Vile Parle East 400057 , Maharashtra ; B P Equities Private Limited , Rahul G Kapadia , 9819747686 , 24/26 Cama Bldg Dalal Street, Fort 400001 , Maharashtra ; Bonanza Portfolio Limted , Rakesh Goyal , 9820593730 , Plot No. M-2, Cama Industrial Estate, Walbhat Road, Goregaon ( E ) 400063 , Maharashtra ; Centrum Wealth Management Limited , Mr. Rajesh Thadhani ,9821501179,022-42159000,42159465 , Centrum House 4th Level Cst Road Vidya Nagari Marg, Kalina Santacruz (E) 400098 , Maharashtra ; Dalal & Brocha Stok Broking Pvt Ltd , Bhavesh Doshi , 9324611986 , 507 Maker Chambers V 221 Nariman Point 400021 , Maharashtra ; Dsp Merrill Lynch Limited , Unmesh Kulkarni , 9820662558 , 8th Flr, Mafatlal Centre, Nariman Point 400021 , Maharashtra ; Edelweiss Broking Limited, Amit Dalvi , 9320331070 , 104 P J Towers Bse Building Fort 400001 , Maharashtra ; Emkay Global Financial Services Ltd , Pramod Rathod , 9833522839 , B - Ruby Mills Tower 7th Floor, South East Wing Senapati Bapat Marg Dadar (W) 400028 , Maharashtra ; Enam Securities Pvt Ltd , Digal Shah , , Solaris C Bldg 4th Floor Opp L & T Gate No 6 Saki Vihar Rd 400072 , Maharashtra ; Eurasia Investment Advisors Private Limited, Arvind Kumar Pandey , 9820851977 , Kushesh Mansion, 1st Floor, 48/54, Janam Bhoomi Marg, Goga Street, Opp. Fort Central Rest 400001 , Maharashtra ; Fortune Equity Brokers(i) Limited , Harshad Mehta , 9892305181 , K K Chambers,2nd Floor, Sir P.t.marg,Fort, 400001 , Maharashtra ; Fortune Equity Brokers(i) Limited , Harshad Mehta , 9892305181 , 59 Sonawalla Building 1st Floor B S Marg Fort 400001 , Maharashtra; Geojit Bnp Paribas Financial Services Ltd , K Bipin Murali , 9322302143 , 22b, Rajabahadur Mansion Ambalal Doshi Marg Opp Stock Exchange Post Office Fort 400023 , Maharashtra ; Hdfc Securities Limited , Sunil Raula , 9987095797 , I Think Techno Campus Building B Alpha Office Floor 8 Nr Kanjurmarg Stn Opp Crompton Greaves Kanjurmarg East 400072 , Maharashtra ; Ifci Financial Services Ltd , Mr Santanu Ray/ MrKamlesh Vishwakarma , 43335111, 181, 184 , 2b(1), Film Centre Ground Floor, 61 Tardeo Road 400034 , Maharashtra ; Indiabulls Securities Ltd , Sandeep Mujumdar , 9820035823 , 8&9/F, Indiabulls Finance Centre, Tower, F P No 612,613, Of Tps Iv Mahim Division, Elphinstone Mills, Senapati Bapat Marg 400013 , Maharashtra ; Indo Thai Securities Limited , Dinesh Sancheti , 9820023882 , G-2 Rigal House 92/94 J.s.s. RoadOpera House 400004 , Maharashtra ; Integrated Enterprises (India) Limited , Sriram , 9833097271 , 15,1st Floor,Modern House Dr.v.b.gandhi Marg Fort 400023 , Maharashtra ; Jm Financial Services Private Limited , Branch Manager , 30877000, 67617000 , Palm Court M- Wing 4th Floor Goregaon Link Road Malad West 400064 , Maharashtra ; Jm Financial Services Private Limited , Branch Manager , 67104738, 30978700, Apeejay House 3rd Floor Dinshaw Vaccha Road Near K C College Churchgate 400020 , Maharashtra ; Joindre Capital Services Limited , A P Shukla , 9322223426 , 32 Raja Bahadur Mansion Grnd Flr Opp Bank Of Maharashtra Mumbai Samachar Marg 400023 , Maharashtra ; Karvy Stockbroking Ltd , , , 24-b, Rajabahudur Mansion, Gr Floor 6 Ambalal Doshi Marg,Behind Bse Ltd Fort 400001 , Maharashtra ; Khandwala SecuritiesLtd , Narayan Kotian , 9820041579 , Vikas Building Ground Floor Green Street Fort 400023 , Maharashtra ; Kjmc Capital Market Services Limited , Sanjay Kothari , 9321026970 , 168, Atlanta, 16th Flr, Nariman Point 400021 , Maharashtra ; Kotak Securities Limited , Rakesh Patel , 67409724 , Nirlon House 3rd Floor Dr Annie Besant Road Near Passport Office Worli 400025 , Maharashtra ; L & T Finance , Ajit Tole , 9004696518, 3rd Floor C Wing Laxmi Tower Bandra Kurla Complex Bandra East-400050 , Maharashtra ; Lalkar Securities Private Limited , Kapil Janak Thacker , 9819344077 , 5th Flr, Crescent Chambers, Tamarind Lane, Fort 400001 , Maharashtra ; Lkp Securities Ltd , Dinesh Waghela , 9821067167 , Above Bank Of Maharashtra Building, 45/47 , Mumbai Samachar Marg ,Opp. Bse, Fort 400001 , Maharashtra ; Mf Global Sify SecuritiesIndia Pvt Ltd , Rezaur Rahman , 9920016970 , No 1, 2nd Flr, C Block, Modern Centre, K K Marg, Jacob Circle, Mahalaxmi 400011 , Maharashtra ; Money Honey Financial Services Private Limited , Mr Anupkumar Ghanshamdas Bhaiya , 9820452811 , 1st Floor, Nahar Singh Industry Building Opp Movie Star Cinema Ram Mandir Goregaon-w 400104 , Maharashtra ; Motilal Oswal Securities Limited , Vinith Poojari , 9167364912, Queens Mansion 2nd Floor A K Nayak Marg Behind Khadi Gramudyog Fort 400001 , Maharashtra ; Motilal Oswal Securities Limited , Vinith Poojari , 9820596262 , 9th Floor Bajaj Bhavan Nariman Point 400021 , Maharashtra ; Nirmal Bang Securities Private Limited , Monika Bafna , 30274514, 7738380099 , B - 201, Khandelwal House Poddar Road Near Poddar Park Malad (E ) 400097 , Maharashtra ; Prabhudas LilladherPvt Ltd , Mr. Manish Bhatt / Nilesh , 022-66322222,91 , 3 Rd Floor, 570 Sadhana House P. B. Marg, Behind Mahindra Tower Worli 400018 , Maharashtra ; Reliance Securities Limited , , 32095882 , A Wing, Office No-401/402 Victory Park, Chandrawarkar Road , Borivali(w) 400092 , Maharashtra ; Religare Securities Limited , Chirag Parmar , 67288000 , 301/302, Viraj Tower, Gundavali, Western Express Hightway,Near LandmarkBuilding, Andheri (East), 400 093 , Maharashtra ; Sharekhan Ltd , Pankaj Patel , 022-61169179 , 10th Floor Beta Bldg Lodha Ithink Techno Campus Opp Jvlr Opp Kanjurmarg Stn Kanjurmarg East 400042 , Maharashtra ; Smc Global Securities Limited , Branch Manager , 9323216183 , 258, 1st Floor Perin Nariman Street Fort 400001 , Maharashtra ; Sunidhi Securities & Finance Limited , Dhiraj Modi , 2266155936, 9892108616, 31, Tamarind Lane Near Bombay House Fort 400001 , Maharashtra ; Sunidhi Securities & Finance Limited , Mr Dhiraj Modi , 9892108616 , 14th Floor Maker Chambers 4 Nariman Point 400021 , Maharashtra ; Sushil Financial Services Private Limited , Hemendra M Shah , 9323810343 , 12, Horniman Street, Fort 400001 , Maharashtra ; Sykes & Ray Equities (India) Ltd , Vishakha Paresh Chowhan , 0 , Sykes & Ray EquitiesLtd, Doulatam Mansion, Kitridge Road, Colaba 400005 , Maharashtra ; Systematix Shares And Stocks (India) Limited , Mahesh Ojha , 022-30298000,66198000,9323144250,9867690499 , 3rd Floor J K Somani Bldg British Hotel Lane Mumbai Samachar Marg Fort 400001 , Maharashtra ; Tata Securities Limited , Tejas Uparkar , 9223172594 , 4 Nirmal Milan Chs Nehru Road Vile Parle (E) 400057 , Maharashtra ; Trust FinancialConsultancy Services Pvt Ltd , A Sen , 9819806754 , 109/110, Balarama, Bandra Kurla Complex, Bandra East, 400051 , Maharashtra ; Way 2 Wealth Brokers Pvt Ltd , Leena Koparde , 022-61462900 , Hincon House, 24/7 Park Tower B 3rd Floor Lbs Marg Vikroli (W) 400083 , Maharashtra ; A K Stockmart Pvt Ltd , , , 30-39, Free Press House,3rd Floor, Free Press Journal Marg, Nariman Point, Mumbai - 400 021 , Maharashtra; Nagpur : Anand Rathi Shares & Stock Brokers Limited , Ravindra Maloo , 0712-6635600,615, 9823417027 , Block No 1,Shraddha House, Kingsway 01,Nagpur 440 001 , Maharashtra ; New Delhi : Anand Rathi Shares & Stock Brokers Limited , Sanjeev Kumar Shukla , 011 – 43559000 9313320193,9311118190 , Anand Rathi,911/912, 9th Flr, Ansal Bhavan,Kasturba Gandhi Marg, Cannought Place 110001 , Delhi ; BonanzaPortfolio Limted , Naresh Arora , , 4353/4c, Madan Mohan Street, Ansari Road 110002 , Delhi ; Dsp Merrill Lynch Limited , Tanushree Pathak , 43579563 , 2nd Floor Dlf Building Sansad Marg 110001 , Delhi ; Edelweiss Broking Limited , , , Office No. 603- 606, 6th Floor, Mercantile House, 15 Kasturba Gandhi Marg 110001 , Delhi ; Enam Securities Pvt Ltd , Branch Manager , , Ski Capital Services Ltd 718 Main Joshi RoadKarol Bagh 110005 , Delhi ; Ifci Financial Services Ltd , Mr D P Singh/ Ms Anupama Puri , 26433207 , Ifci Towers 15th Floor Nehru Place 110019 , Delhi ; Ifci Financial Services Ltd , Raman Talwar , 43588620 , 212, 213, 2nd Floor, Naurang House B Block, 21 K G Marg 110001 , Delhi ; Jm Financial Services Private Limited , Branch Manager , 41305000,3092 5500 , 114 Himalya House 23 K G Marg 110001 , Delhi ; Karvy StockbrokingLtd , , , 105-108, Arunachal Building 19, Barakhamba Road, Connaught Place New Delhi 110001 , Delhi ; Kotak Securities Limited , , , 202-217, 2nd Floor, Ambadeep Building, 14, Kasturba Gandhi Marg , Delhi ; Motilal Oswal Securities Limited , Madhu Nanda , 9810254874 , 801-806 8th Floor Prakash Deep Building 7 Tolstoy Building Cannought Place 700017 , Delhi ; Nirmal Bang Securities Private Limited , Somnath Dev, 43603961, 8800891393 , Flat No.120, New Delhi House, 27 Barakhamba Road, 110001 , Delhi ; Prabhudas Lilladher Pvt Ltd , Mr. Arun Bansal , 011-42900500,503 , 3rd Floor 54/D-1 Rama Road Kirti Nagar Ind Area 110015 , Delhi ; Sharekhan Ltd , Mr. Hemendra Agarwal. , 011-45117000 . 98101 10383, 98105 56541 , 39, First Floor Samyak Tower Near Metro Pillor No. 120 Pusa Road 110005 , Delhi ; Smc Global SecuritiesLimited , Branch Manager , 9958696929 , 68 1st Floor Himlaya House 23 K G Marg Connaught Place 110001 , Delhi ; Standard Charterd Securites (India) Limited , Branch Manager , 43293200, 14 , E-2/27 Ground Floor Main Link Road Jhandewalan Near Jhandewalan Metro Stn Gate No 2 110055 , Delhi ; Standard Charterd Securites (India) Limited , Branch Manager , 47090181, 84 , 159 Aggarwal Citi Plaza Plot No. 17 ManngalamPlace Sector 3 Rohini 110085 , Delhi ; Standard Charterd Securites (India) Limited , Branch Manager , 41514821, 24 , 52-53 Malviya Smriti Bhawan Deen Dayal Upadhyay Marg 110002 , Delhi ; A K Stockmart Pvt Ltd , Manish Singhal , 011-23739628, 011-47340685 , 609,6th Floor, Antriksh Bhawan, 22 Kasturba Gandhi (K.g)Marg, Connaught Place 110001 , Delhi ; Noida Indiabulls Securities Ltd , Urmisha Katyal , 9810156577, A-27/E 2nd Floor Sector-16 201301 , Uttar Pradesh ; Religare Securities Limited , Subhash Bharadwaj , 9999512299 , Plot No. 11, A3,A4,A5,Gys Global,Sector - 125,(U.p.) - 201 303 , Uttar Pradesh ; Panaji : Indiabulls Securities Ltd , Santosh Babban Chauhan , 9975943693 , Sf4 & Sf5 18th June Road Ranipramila Arcade Second Floor 403001 , Goa ; Pune : Anand Rathi Shares & Stock Brokers Limited , Rupali Pakhale/ VijayMane , 020-25657401, 9595620256 , 2nd Floor,’indrayani’ C.t.s. No.58/1,Plot No.92/1,Above Barishta Cafe.law College Road,Nr.krishna Dining Hall,Erandwane , Maharashtra ; Indiabulls Securities Ltd , Shrinivasulu Dongari , 9970282634 , City Survey No 796-a2 Nearkamla Nehru Park Opp Ambika Sale Bhandarkar Rd Shivaji Ngr 411005 , Maharashtra ; Indiabulls Securities Ltd , Sameer M Kamadoli , 9011055267 , 101 1st FloorAbhijit Court Cts No 799b Plot No 137 B Bhandarkar Road 411004 , Maharashtra ; Jm Financial Services Private Limited , Branch Manager , 39871601, 00, 66033720 , 205 Business Guild Opp. Krishna Dining Hall Law College Road Erandawane 411004 , Maharashtra ; Motilal Oswal Securities Limited , Tushar Karde , 9167364912 , Lohia Jain Centre 1st Floor 893/6 Near Goodluck Chowk Opp Oakwood Hotel Nr Iipm Inst BhandarkarRoad Deccan Gymkhana 411004 , Maharashtra ; Sajag Securities Pvt Ltd , Anita , 9850640965 , Regent Chambers, 33/15-b, Karve Road, Opp Garware College 411004 , Maharashtra ; Standard Charterd Securites (India) Limited , Branch Manager , 25453436, 25453473 , A/2 1st Floor Deccan Chambers C.t. Survey No. 33/40 Erandwane Karve Road 411004 , Maharashtra ; Tata Securities Limited , Sunil Kudale , 9028000928, Gr Floor, F C Annex Building F C Road Bhamburda 411005 , Maharashtra ; Raipur : Skp Securities Ltd , , 0771-4267211 , 211, Lalganga Shopping Mall,2nd Floor G.e Road, 492001 , Chattisgarh ; Rajkot : Ans Private Limited , Sheth Bhavesh Natavarlal , 9825072372 , Arham Financial Center, Opp Star Chamber, Harihar Chowk Dr Rajendra Prasad Road 360001 , Gujarat ; Ifci Financial Services Ltd , Mr Darshan Gatecha , 9824201302, 2nd Floor, Aradhana Complex Near Bank Of Baroda Opp Nutan Nagar Community Hall Kotecha Chowk Kalawad Road 365005 , Gujarat ; Indiabulls Securities Ltd , Rajat Sharma , 3048464 , Shreeji Complex Opp Jalram Patrol Pump Kalawad Road 360001 , Gujarat ; Marwadi Shares And Finance Limited , Raj Jivrajani , 9727724629 , Marwadi Financial Plaza Nana Mava Main Road Off 150 Feet Ring Road 360005 , Gujarat; Surat : Indiabulls Securities Ltd , Bhaveshkumar Hasmukhbhai Patel , 9825311171 , House-d 2nd Floor 21st Century Business Center Ring Road 395001 , Gujarat ; Jainam Share Consultants Pvt Ltd , Chirag Jitendra Shah , 9824370901 , M 5/6, Malhar Complex, Dumas Road, Ichchanath, Piplod 395007 , Gujarat ; Standard Charterd Securites (India) Limited , Branch Manager , 2463101, 02 , U-18 Upper Ground Floor JollyPlaza Athwagate 395001 , Gujarat ; Thane : Tata Securities Limited , Nachiappan Ramanathan , 9029032454 , I-think Techno Campus Building A, 3rd Floor, Off Pokharan Road 2, 400607 , Maharashtra ; Vadodara : Indiabulls Securities Ltd , Doshi B , 9824540909 , Baraoda Trident Trident Race Course 390007 , Gujarat ; Market Creators Limited , Kalpesh J Shah , 9925027472 , Creative Castle , 70-sampatrao Colony, Opp MasonikHall Productivity Rd, Alkapuri 390005 , Gujarat ;

NRI APPLICANTS SEEKING ALLOTMENT OF BONDS IN PHYSICAL FORM SHALL SUBMIT THE APPLICATIONS ONLY AT : MUMBAI, DELHI, AHMEDABAD, HYDERABAD, CHENNAI, BANGALORE, CHANDIGARH AND KOCHI.

3INDIAN RAILWAY FINANCE CORPORATION LIMITED

AXIS BANK LIMITEDAhmedabad: Trishul-Opposite Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat 079-66306102, 9825041432, Allahabad: 28 B, Civil Station, M.G. Marg, Civil Lines, Allahabad-211001, Uttar Pradesh 0532-2427645/46/47, 9889052700, Anand: Satyam Chambers, Amul Dairy, Road, Anand-388001, Gujarat 0269-250975/475, 0269-250975/475/02692-666000/212 , Bangalore: No. 9, M.G. Road, BlockA, Bangalore-560001, Karnataka, 080-25370615 / 616, 9880490023/642, Bardoli: Manchhaba, Sankskruti Bhavan, Sardar Baug, Bardoli-394601, Gujarat-02622-227828/22/929, 8980804702, Bharuch: Shri Sad Vidya Mandal Institute of Technology, old N.H No.8, Bharuch-392002, Gujarat 02642-225221/48219, 9824437244, Bhavnagar: Plot No. 4/B, Vasundhara Complex, opp. Dakshinamurthy School,Waghawadi Road,Bhavnagar-364002, Gujarat 0278-2573702/ 03, 9979208920, Bhilwara: Ganpati Enclave,Heera Panna Campus, op.Nahar Brothers, Petrol Pump, Pur Road, Bhilwara-311001, Rajasthan 01482-247861/2/3/4/5, 01482-247861/2/3/4/5, Bikaner: Shree Gaurav Complex, Daga Maidan, Nr Dak Bunglow & Rly Stn, Rani Bazar Rd, Bikaner-334001, Rajasthan 0151-2202132/33/35, 8094449555, Chandigarh: SCO 343-344,Sector 35-B,Chandigarh-160022, Chandigarh 0172-4601401/02/03, 9872252632, Chennai: 149 1C/1D, Mount Poonamalle Road, Ramapuram, Chennai-600089, Tamil Nadu 044-28306800 7845845758, Goa : Heritage, Ground Floor, Swatantra Path, Opposite Sapna Terraces, Vasco-Da-Gama 403 802, Marmagoa, Goa, 0265-2311613/2311323, Gujarat : Vardhaman Complex, Opp GB Circle, Near Pizza Hut , Race Course Circle (South),Vadodara 390 015, 0265-2311613/2311323, Gujarat : Amit Clinic, Opp. BaiAvabai High School, Halar Road, Valsad 396 001,Gujarat, 02632-253110/253119, Guwahati: Chibber House, G S Road, Dispur, Guwahati-781005, Assam 0361-2340522/2340561, 9706095745, Gwalior: Kanwal Complex, Shrmant Madhav Raoscindia Marg, Gwalior-474002, Madhya Pradesh 0751-2233770,80,90, 8878801582/0751-4097724, Hissar: SCONo. 177, Commercial Urbal Estate No. 1 Hissar, Hissar-125001, Haryana 01662-227442/5/8/56, 8053112602/ 03, Hyderabad: 6-3-879/B First Floor, G Pulla Reddy Blgreenlands, Begumpet Road, Hyderabad-500016, Andhra Pradesh 040-23400732/731, 9704055589, Jaipur: 0141-4061111, 9314468394, Jalandhar: SCO 30-31, Guru Ram Dassdivine Tower,Opposite Mini, Jalandhar-144001, Punjab 0181-4633970/71/73, 9216024567, 0181- 4356003, Jamnagar: Jaidev Arcade,Grnd Flr, Park Cly Main, Main Rd, Nr Joggers Park, Jamnagar-361008, Gujarat 0288-2665219, 966227728 5, Jodhpur: Prince Tower,Plot No 654,Near Jaljog Chowraha,Residency Road, Jodhpur-342003, Rajasthan 0291-2647622/44, 9413792287, Katni: Ground Floor, Nagpur Golden Building, Opp : Old Collector,Atekatni-483501, Madhya Pradesh (07622) 409900/1/2, 8878803172, Kolkata: 7, Shakespeare Sarani,Kolkata-700071, West Bengal 033-2822933/496, 9830463389 Kota: 414, Shopping Center, Kota District, Kota-324007, Rajasthan 0744-2365511/13/14, 9772219009, Ludhiana: Shop No. 3, LGF, Surya Towers,108 The Mall, Ludhiana-141001, Punjab 0161-4684680, 4684603-0161-4684619, Meerut: Hotel Crystal Palace, G-2/47 Civillines, Boundary Road, Meerut Dist., Meerut-250001, Uttar Pradesh 0121-4012300/313/301, 9536901772, Mumbai: Universal Insurance Building,Ground Floor, Sir P M Road, Fort, Mumbai-400001, Maharashtra 022-66101031/1088, 022-66107265, Nagpur: M. G. House, Rabindranath Tagore Road, Besides Board Office,Civil Lines, Nagpur-440001, Maharashtra 0712-6621800/6621801, 9326034437, New Delhi: StatesmanHouse,148, Barakhamba Road, New Delhi-110001 011-23311047/051, 9999113382 Panipat: Gaylord Hotel Building, Near HDFC 0180-4015001/02/03, 9896331623, Panjim: 0832-6640808/03/05, 0832-6640828 Patiala: 4464/5, Rajwara Road, The Mall Road, Patiala-147001, Punjab 0175-2205977/9/956,9872259484, Pune: Sterling Plaza 1262/B, J M Road, Deccan Gymkhana, Pune-411004, Maharashtra 020-66295000, 8888899098 Raipur: Opp New Bus Stand, Jeevan Bima Marg, Pandri, Raipur-492004, Chattisgarh 0771-2445501/502/504, 9630671672, Rajkot: “Titan”, Near K K V Circle, Kalawad Road, Rajkotrajkot-360005, Gujarat 0281-6695999/901/2, 9712982277, 9428344149 Ranchi: Shambhu Complex,H B Road, NearFirayalal Chowk, Ranchi-834001, Jharkhand 0651-2301039, 9934535910, Shimla: GF/FF Durga Cottage, SDA Commercial Complex, Kasumpti, Shimla-171009, Himachal Pradesh 0177-2622352/076, 9418506354, Surat: Digvijay Towers, Opp. St Xaviers School, Ghod Dod Road, Surat-395001, Gujarat 0261-4082300/399/366, 9913761634, Thiruvananthapuram / Trivendrum: TC2/2421, Condor Building, Pattom PO,Thiruvananthapuram-695004, Kerala 0471-4400500/711, 0471-4400721/720 Udaipur: 222/21, Saheli Marg, Near UIT Circle, Udaipur-313004, Rajasthan 0294-2424431/2/3/4/5, 9414321186, Ujjain: Hotel Ashray, Ground Floor, 77, Dewas Road, Ujjainujjain-456010 Madhya Pradesh 0734-4295700/1-10, 8878803292, Varanasi: Tulsi Complex C-19/134, M-B,Gr & 1st Flr, Shastri Nagar, Sigra,Varanasi-221002, Uttar Pradesh 0542-2227395/7/8, 9457846687, Visakhapatnam: Padmasree Arcade, NH-5, Chinagantyada Main Road, Visakhapatnam-530026, Andhra Pradesh 0891-2766421/2745036, 09985447665.

HDFC BANK LTD.Agra: First Floor, Pariney Garden, Bhagfarjana, Civil Lines, Agra-282002, Ahmedabad: Astral Tower, Near Mithakhali Six Raod, Navrnagpura, Ahmedabad-380 009, Ahmednagar: Ambar Plaza, “ A” Wing, Second Floor, Station Road, Ahmednagar-41400 Amritsar: 26 Kennedy Avenue First Floor, Amritsar-143001 Asansol: P.C Chatterjee Market, Rambandhu Talaw, Asansol-713303, Bangalore: Cash Management Services, “SalcoCentre”, # 8/24, Richmond Road, Bangalore-560025, Bardoli: Shree Ambika Niketan, Station Road, Sardar Baug, Bardoli, Bardoli-394601, Bareilly: Wbo, 1st Floor, 154, Krishna Place, Civil Lines, Bareilly - 243 001 Uttar Pradesh, Baroda: 1st Floor, Fortune Tower,Vadodara Stock Exchange Building, Opp. Parsi Agiyari,Sayajigunj, Baroda-390005, Belgaum: No 4830/2a Opp District Hospital, Dr Ambedkar Road, Belgaum-590 002,Belgaum-590002, Bhatinda: 83/1 Liberty Chowk, Civil Lines, Bhatinda, Bhatinda-151001, Bhavnagar: 1st Floor, Sterling Point, Waghawadi Road, Bhavnagar-364001, Bhilai: Chauhan Estate, G.E. Road, Supela, BhIlai-490023, Bhubaneshwar: C111, Business Park, 1st Floor, Sahid Nagar, Bhubaneswar-751007, Bokaro: B-9, City Centre, Sector-4, Bokaro Steel City, Bokaro-827001, Burdwan: 45 Gt Road/Burdwan-713101,Burdwan-713101, Calcutta: Abhilasha - Ii, 6 Royd Street (2nd Floor), Kolkata-700016, Calicut: Iii Floor, Simax Towers, Kannur Road, Nadakkave, Calicut ,Calicut-673011, Chennai:-No. 115, Dr. Radhakrishnan Salai, 2nd Floor, Opp. To Csi Kalyani Hospital, Mylapore, Chennai-600004, Cochin: First Floor, Palarivattom 25,Cochin-682025, Coimbatore: Wbo ,1552,B7, First Floor, Classic Towers , Trichy Road, Coimbatore-641018,Cuttack: Holding No 32, 32/A Bajrakabati Road, Cuttack, Orissa - 753 00, Cuttack-753001, Dehradun: Wbo Deptt, 56, Rajpur Road, Dehradun-248001, Delhi: Fig-Ops 1st Floor, Kailash Bldg, Newdelhi-110001, Dhanbad: Sri Ram Plaza, 1st Floor, Bank More Dhanbad, Jharkhand-826001, Erode:-No.680,Lotus Enclave,Brough Road,Erode,Erode-638001, Gandhidham:-Plot No.1, Sector-8, Rabindranath Tagore Road,,Gandhidham-370201, Gorakhpur: Wholesale Banking Operations,Shreenath Complex, 10, Park Road, Civil Lines, ,Gorakhpur-273001, Gwalior: J K Plaza, Gast Ka Tazia, Lashkar ,Gwalior-474001, Hissar:-3 & 4 Mc Area Red Square Market Railway Road Hisar,Hisar-125000, Hyderabad: Wbo 1-10-60/3, Iii Floor, Suryodaya,Begumpet,Hyderabad-500016, Indore: 1st Floor, Brilliant Avenue, Sch No. 94, SecTor -B, Behind Bombay Hospital,Ring Road,Indore-452010 Jabalpur: 1st Floor, Kumbhare Mension, 636, Vijay Nagar, Mr- 4, Main Road , Sbi Chowk, Jabalpur (Mp) - 482002, Jabalpur M.P.-482002 Jaipur: Hdfc Bank House, 2nd Floor, O-10,Ashok Marg,C-Scheme,Jaipur,Jaipur-302001, Jammu:-Cb-13, Rail Head Commercial Complex, Gandhi Nagar,Jammu-180004 Jodhpur: Ist Floor, 15, Keshav Comlex, Nimbera House, Paota, Mandore Road, Jodhpur -342010.,Jodhpur-342010, Kanpur: 15/46, 1st Floor, Civil Lines, Kanpur-208001, Kottayam: 3rd Floor Unity Buildings , Kk Road,Kottayam-686002 Ludhiana: Sco-54, Phase -2 Urban Estate Dugri,Ludhiana-141001, Mangalore:-Ideal Towers 1st Floor , Opp Sharavu Ganapathi Temple , G T Road Mangalore -1,Mangalore-575001 Mehsana: Prabhu Complex “ Nr Rajkamal Petrol Pump, Highway Road,Mehsana 384002.,Mehsana-384002, Moradabad:-Hdfc Bank Ltd, First Floor, Chaddha Complex, Gmd Road,Moradabad-244001 Mumbai: Ground Floor, Maneckji Wadia Building,Nanik Motwani Marg,Near Kala Ghoda,Opp Mumbai University, Fort, Mumbai- 400 001,Mumbai-400001, Muzaffarnagar:-First Floor, 53/4 Janshat Road,New Mandi,Muzaffarnagar-251001, Nadiad: Shootout Building, College Road, Nadiad 387001,Nadiad-387001 Nasik:-Hdfc BankLtd,3rd Floor , Archit Centre , Opp Sandeep Hotel, Chandak Circle Link Road , Near Mahamarg Bus Stand , Nasik 422 002,Nasik-422002, Navsari: Gr Flr , Nandani Complex , Station Road ,Navsari-396445, Nellore: 17/126, G.V.R. Enclave, G.T. Road, Nellore - 524001,Nellore-524001, Panjim:-301, Milroc Lar Menezes, Swami VivEkanand Road,Panjim-403001, Patna:-Plot No 651 Jamal Rd Patna- ,Patna-800002, Porbandar:-Om Shiv Shakti R.D.Chambers, M.G. Road, Porbandar - 360 575,Porbandar-360575, Pune: Fortune Square 3 Rd Floor, Deep Bungalow Chowk, Model Colony, Shivajinagar,,Pune-411016, Rajahmundry:-46-17-20, 1stfloor, Danavaipet, Rajahmundry,Rajahmundry-533103, Rajkot: Shivalik - V , 3rd Floor, Gondal Road, Rajkot,Rajkot-360002, Rourkela: Dewadi Bhavan,Rourkela-769001, Shillong: Anders Mansion, PoliceBazar,Shillong,Shillong-793001, Shimoga:-Hdfc Bank Ltd, W B O, No 447 ,Sharavathi Complex, Savarlane Road, Shimoga,Shimoga-577201, Siliguri: 136/115 Hill Cart Road,Siliguri-734401, Solapur: 8516/11 Murarji Peth,Sun Plaza Bldg, Lucky Chowk, Solapur-413007, Surendranagar: Middle Point, A Wing, Nr : Milan Cenama, Main Road, Surendranagar.,Surendranagar.-363002, Tirupati: 19-8-180,Krishna Arcade, Beside IbpPetrol Pump, Near Annamaiah Circle,Tirupati-517501, Tirupur: No-169,Chidambaram Complex,Kumaran Road,Tirupur - 641601,Tirupur-641601, TRichur: Third Floor, Suharsha Towers,Shornur Road,,Trichur-680001, Unjha: 1st Floor, Suvidhi Complex, Station Road, Unjha-384170, Valsad: 1st Floor, Ekta Apt, Tithal Road, Valsad.,Valsad-396001, Vijayawada: 40-1-48/2, 2nd Floor,Valluri Complex, M G Road,Vijayawada-520010,Vishakapatnam: First Floor, Potluri Castle, # 48-14-9, Dwarakanagar, Visakhapatnam-530016

IDBI BANK LTD.Ahmedabad: IDBI Complex , Lal Bungalows Off, CG Road, Ahmedabad Pin : 380006, Gujarat (079)-66072623, Ambala: 169/2, Rai Market,Ambala Cantt.,Ambala Pin : 133001,Haryana (0171)-2631819/20, Aurangabad: Plot No. 07, Raghbir Chambers,Vidya Nagar,Jalna Road,Aurangabad Pin : 431003,Maharashtra (0240)-5622997/5672038, Bangalore: 102, Shakthi Comfort Towers, K.H.Road, Pin : 560027,Karnataka 91(80) 67121000, Bhavnagar: G-10, Ground Floor,Radhe Shyam Complex,Waghawadi Road, Bhavnagar Pin : 364001,Gujarat (278) 2524270/73, Bhopal: Hall A Centre Point,M.P.Housing Board Building,T T Nagar,Bhopal Pin : 462003,Madhya Pradesh (0755)-6463006/023, Bhubaneswar: IDBI House, Janpath,Ground Floor,Janpath,Unit -IX,Bhubaneshwar Pin : 751022,Orissa (0674)- 2541655/695, Chandigarh: SCO 72-73,Sector17 - B,Chandigarh Pin : 160017,Chandigarh (0172)-5059704, Chennai: PM Towers, 37, Greams Road ,Chennai Pin : 600006 , Tamil Nadu (044)-24301731, Dehradun: 59/4, International Trade Centre, Rajpur Road,Dehradun Pin : 248001, Uttaranchal (0135)-744477, Dhanbad: Skylark Complex,Bank More,Dhanbad Pin : 826001,Bihar 03262300761/762 Durgapur: Ruma Sweets Building,Nachan Road,Benchity,Durgapur Pin: 713213 (034)-32588297, Guwahati: Satyen Niwas, Opp. Sukleshwar Mandir, M.G. Road, Pan Bazar,Guwahati Pin : 781001, Assam (0361)-2730375/76/77, Hyderabad: Mahavir House,Basheerbagh Square,Hyderabad Pin : 500029,Andhra Pradesh +91 (40) 66746000/41, Indore: Alankar Chambers,Ratlam Kothi, AB Road,Indore Pin : 452001, Madhya Pradesh (0731) 2519001, Jaipur: D-24 Durlabh Niwas,Prithviraj Road, CScheme, Jaipur Pin : 302001 (0141)-5113456, Jodhpur : Dhanalaxmi Towers, 1st Chopsani Road, Jodhpur, Pin : 342003, (0291)-5153508-11, Kanpur: Jeevan Vikas,MG Road,Near Statue Junction,Kanpur Pin : 208001,Uttar Pradesh (0512)-2305437, Kochi: Panampilly Nagar,Post Bag Num 4253,Kochi Pin : 682036, Kerala (0484)-2322060, Kolhapur: Ground floor,Royal Heritage Building,Opp to Basant Bahar Theater,AssemblyRoad,Kolhapur Pin : 416002 , 0231-2680681/2/3, Kolkata: 44, Shakespeare Sarani,PB No 16102,Kolkata Pin : 700017,West Bengal (033)66338866, Lucknow: UPCB Bldg.,2 MG Road, Lucknow, Pin:226001 (0522)-2619915, Mumbai- Nariman Point: 224-A Mittal Court, A-Wing,2nd Floor,CMS Dept.,Nariman Point,Mumbai-400021 +91 (22) 66588111, Mysore: Anand Archade, MIG- 11,V.M. Double Road,Saraswathipuram,Kuvempunagar, Mysore Pin : 570009, Karnataka 0821-2545424, Nagpur: 3rd Floor, Gupta Tower, Temple Road,Civil Lines Opp. Science, Nagpur Pin : 440001, Maharashtra (0712)-6656412/415, Nashik: A-1& 2 “Prathamesh”,Thatte Nagar,Gangapur Road,Nashik Pin : 422005, Maharashtra (0253)- 2317001/5627001, New Delhi : Indian Red Cross Society Bldg,1, Red Cross Road, Post Box Num 231, New Delhi Pin : 110001,Delhi(UT - NCT) (011)-23461900, Panaji: Alcon Chambers, Dayanand Bandodkar Marg, Panaji Pin : 403001, Goa (0832)-2224597/2426525, Patna: Kashi Palace Complex,Dak Bungalow Road,Opposite Heera Palace ,Patna Pin : 800001, Bihar (0612)-6510293, Pune: IDBI House,Dynaneshwar Paduka Chowk,Fergusson College Road, Pune Pin : 411004,Maharashtra (020)- 66004108/2, Raipur: Singhania House,Civil lines,OppMuseum,Raipur Pin : 492001 ,Chhattisgarh (0771)-4044972, Rajkot: Near Kathiyawad Gymkhana, Dr.Radha Krishna Road, Rajkot Pin : 360001,Gujarat 02832-290090, Surat: ESS EN House,Ghod Dod Road, Surat Pin : 395001,Gujarat (0261)-6540385, Trivandrum: Ground Floor, Samrudhi Magnet Building,Opposite Women’s College,Near Hotel Taj Residency, Vazhuthacaud,Thiruvananthapuram Pin : 695014,Kerala (0471)-3018236/38/39, Vadodara: 46/A, Garg Plaza,Gautamnagar,Race Course Road,Besides Geb Building, Baroda Pin : 390007,Gujarat (0265)-6455070/71/72.

ICICI BANK LTD.Ahmedabad - ICICI Bank Ltd. JMC House, Opp. Parimal Gardens,Opp Parimal Garden, Ambawadi, Ahmedabad 380 006; Amritsar - ICICI Bank Ltd, 361, M.C International The Mall, Amritsar - 143001, Punjab Bangalore - ICICI Bank Towers, 1, Commissariat Road, Ground Floor, 560025; Bharuch - ICICI Bank Ltd, Blue Chip Complex, Sevashram Road, Panchbatti, Bharuch – 392001; Bhavnagar- Ground Floor, Plot No.2569,Ratnadeep, Opp. Central Salt Research Institute,Waghawadi Road, Bhavnagar-364002; Bhopal - Bhubaneshwar - ICICI Bank Ltd., OCCF Building, Opp Sriya Talkies, Unit - III, 751001;Chandigarh -SCO 9-10-11, SECTOR 9-D. CHANDIGARH – 160017; Chennai - ICICI Bank Ltd, 110, Prakash Presidium, Uthamar Gandhi Salai,(Nungambakkam High Road), 600034; Ernakulam (Cochin) - Coimbatore - Cheran Plaza, 1619, Trichy Road, Coimbatore- 641018; Faridabad - Ghaziabad Guntur - ICICI Bank Ltd., 5-82-2, PMGComplex, Lakshmipuram Main Road, Guntur - 522002 (Andra Pradesh); Gurgaon - ICICI Bank Ltd, SCO 18 & 19, HUDA Shopping Centre, Sector-14, Market Complex, Gurgaon – 122001; Guwahati - Ground Floor, Shanti Complex, G S Road, Bhangagarh, Guwahati – 781005; Hissar - ICICI Bank Ltd, Plot No 57-60, Kamla Palace Road, Red Square Market, Hissar, Haryana – 125001;Hubli - Eureka Junction, Travellers BungalowRoad, Hubli – 580029; Hyderabad - ICICI Bank Ltd., 6-2-1012, TGV Mansions, Opp. Institution of Engineers, Khairatabad, 500004, door no 74 & 75 Vinayak nagar Gachbowli main road Gachibowli, 500032; Indore - ICICI Bank Ltd.,4, Chhoti Khajrani, Malav Parisar, A-B road, Indore, MP - 452 008; Jaipur - ICICI Bank Ltd, C-99, Shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, 302001;Jamshedpur -Natraj Mansion,Main Road, Bistupur, Jamshedpur – 831001;Kanpur - J.S.Towers 16/106- The Mall, Kanpur – 208001;Kolhapur - Ground Floor, Vasant Plaza, Rajaram Road, Rajarampuri, 416001; Kolkata - ICICI Bank Ltd., 22, R N Mukherjee Road, 700001;Lucknow - ICICI Bank Ltd, Shalimar Tower, 31/54 M.G. Marg, Hazratganj, Lucknow -226001; Ludhiana Madurai- 33, North Chitrai Street, Madurai – 625001; Mumbai –30,Mumbai Samachar Marg, Fort- 400001; Mysore - 2950, Aishwarya Arcade, 9th Cross, Kalidasa Road, V.V. Mohalla, Mysore – 570002;Nagpur - Vishnu Vaibhav, 222, Palm Road, Civil Lines, Nagpur -440001; Nasik - ICICI Bank Ltd, U-1, Crown Commercial Complex, Opp. Rajiv Gandhi Bhavan (NMC), Utility Centre, Sharanpur Road, 422002; New Delhi - ICICI Bank Ltd- 9A, Phelps Building, Inner Circle,Connaught Place, 110001;Pondicherry -47, Mission Street, Pondicherry – 605001;Pune - A-Wing, Shangrila Gardens, Bund Garden Road, 411001; Rajkot - Jai Hind Press annexe, Opp. Shardabaug, Babubhai Shah Marg, Rajkot-360001; Ranchi - ICICI Bank Ltd, Main Road (near Ratanlal Petrol Pump), Ranchi, Jharkhand – 834001; Salem - ICICI Bank Ltd. Swarnambigai Plaza, S. F. No. 6/5, Block no. 7, Ward-C, Omalur Main Road, Near Bus Stand, 636009; Surat - Anjan Shalaka, Lal Bungalow, Athwa Lines, Surat – 395007; Vadodara - ICICI Bank Ltd., Landmark Building, Race Course Circle, Alkapuri, 390007; Vijaywada- D-40-1-52/5, Sainag Complex, M G Road, Vijayawada – 520010.

KOTAK MAHINDRA BANK LTD.Ahmedabad: Ground Floor, Chandan House, opp. Abhijeet III,Near Mithakali Six Roads, Navrangpura, Ahmedabad - 380006, 079-66614800. Amritsar: 10, Kennedy Avenue, The Main Mall Road, Amritsar-143001, 0183-5002950; Anand: P.M.Chambers, Mota Bazar, Vallab Vidya Nagar, Anand - 388120, 02692-229993/94, Bangalore: 10/7, Umiya Land Mark, Next to Chancery Hotel Lavelle Road,Bangalore-560001, 080-66123250, Bhavnagar: Bhavna Construction Company, Plot No 2108 /A, G.R. Sterling Centre, Waghwadi Road, Bhavnagar - 364001, 09327518890, Chandigarh” SCO 153-154-155, Madhya Marg, Sector 9-C, Chandigarh-160009, 0172- 5008619, Chennai: Capitale’,Ground Floor, 555, Anna Salai, Chennai-600018, 044- 42040211, Coimbatore: 727, Avinashi Road, SkandaSquare, Coimbatore-641018, 0422-4506505, Hyderabad: Pavani Jewel Tower, Ground Floor, Somajiguda, Hyderabad - 500089, 040-66755036, Jaipur: 57, Krishna Tower , Sardar Patel Marg, C-Scheme, Jaipur-302001, 0141-5157110, Jamshedpur: Gayatri-Enclave, K Road, S. Town-Bistupur, Jamshedpur-831001, 0657-6621809, Jodhpur: Bombay Motor Building, Bombay Motor Circle, 87/B-2Chopasani Road, Jodhpur-342003, 0291-5100810, Kanpur: 17/03, The Mall, Meghdoot Hotel Building, Kanpur-208001, 09919802770, 3067850, Kolkata: Apeejay House 15, Parkstreet, Kolkatta-700016, 033-44011974, Lucknow: 3GF, Speed Building, Shahanazaf Road, Lucknow-226001, 0522-4038214, Ludhiana: SCO 120, Ground Floor, Feroze Gandhi Market, Ludhiana-141001, 0161-5055200,Mumbai: 5 C/ II, Mittal Court 224, Nariman Point, Mumbai - 400001, 91-22-66563408, Nagpur: Ground Floor, 345, Shree Mohini Complex, Kingsway, Nagpur-440001, 0712-6620801/6620807, New Delhi: Ground Floor, Ambadeep,14, K.G. Marg, New Delhi-110001, 08860635691, Noida: Plot 31 and 32, Block-G, Sector - 18, Noida, Distt. Gautam Budh Nagar, Uttar Pradesh-201301, 0120-4364801,Pune: Bakre Avenue, FP NO 226/3, Bhandarkar Road, Pune-411004, 020-66094044, Rajkot: Nath Complex, Ground Floor, Near Race Course, Dr. Yagnik Road, Rajkot-360007, 0281-6622607, Surat: Ground Floor, Kotak House, KG Point, GhodDod Road, Surat-395007, 0261-6679027, Trichy: B-17,Aishwaryam Building, Sasthiri Road, Thillai Nagar,Trichy-620017, 0431-4023823, Vadodara / Baroda:Panorama Building, R.C. Dutt Road, Alkapuri, Vadodara - 390015, 0265-6620351/352/353/357.

STATE BANK OF INDIASBI Ahmedabad: Main Branch (Br.Cd:301), Bhadra, Ahmedabad, Gujarat-380001, SBI Bangalore: Main Branch (Br.Cd:813), State Bank Road, Bangalore, Karnataka-560001, SBI Thyagarayanagar Branch: (Br.Cd:1020), 2, Prakasam Road, T. Nagar, Chennai, Tamil Nadu-600017, SBI New Delhi Main Branch: (Br. Cd: 691), C Block, 11 Parliament Street, New Delhi-110001, SBI Hyderabad Main Branch: (Br.Cd:847), SBI Building,Hyderabad, Andhra Pradesh-500095, SBI Jaipur Main Branch: (Br. Cd: 656), Main Branch, Sanganeri Gate, Jaipur District: Jaipur, Rajasthan-302001, SBI Spl Ins. Branch Kolkata: (Br.Cd:14524), Samriddhi Bhavan, 1, Strand Road, Kolkata, West Bengal-700001, SBI Lucknow Main Branch: (Br. Cd: 125), Tara Wali Kothi, Moti Mah Al Marg, Lucknow, Uttar Pradesh-226001, SBI Capital Market Br, Mumbai: (Br.Cd:11777), VideoconHeritage, Charanjit Rai Marg, Fort, Mumbai, Maharashtra-400001, SBI Nagpur Branch: (Br.Cd: 432), Kingsway, Nagpur District: Nagpur, Maharashtra-440001, SBI Nashik Branch: (Br.Cd:1469), Old Agra Road, Nashik District: Nasik, Maharashtra-422002, SBI Sambalpur Branch, Orissa :(Br.Cd:0175), Sambalpur, ORISSA 768001, SBI Pune Main Branch: (Br. Cd: 454), Collector Office Compound, Pune, District: Pune,Maharashtra-411001, SBI Surat Branch: (Br. Cd: 488), Surat-District: Surat, Gujarat-395001, SBI Thane Branch: (Br. Cd: 489), Mazda Complex, Parsi Agiary Lane, Thane, District: Thane, Maharashtra-400601, SBI SCB Vadodra Branch: (Br. Cd: 4086), Trident Complex, Vadodra, Gujrat-390023.

INDIAN RAILWAY FINANCE CORPORATION LIMITED : APPLICATION FORMS AVAILABLE AT FOLLOWING LOCATIONS

LEAD MANAGERS TO THE ISSUE / CONSORTIUM MEMBER’S TO THE ISSUE

INDIAN RAILWAY FINANCE CORPORATION LIMITED : COLLECTION CENTRES FOR APPLICATION FORM

1057/1508,AVANASHI ROAD,COIMBATORE,Tel - 4291000 †” 30; Kotak Sec ., 1st Floor, Red rose chamber, 1437,Trichy road.P: 6699666; Sharekhan Ltd,Vignesvar Cresta,2nd Block 3rd Floor,1095-Avinashi Road,P N Palayam,Coimbatore,641037,Tel - 0422-2218252; CUTTACK : ICICI Sec ,Mr. RANJAN ROUT,1St Floor, Plot No. 37 & 38, Dolamundai,Post Office - Telenga Bazar,,CUTTACK - 753009; KARVY,ARUNODAYAMARKET,LINK ROAD,CUTTACK,Tel - 2335187,88; DEHRADUN : Bajaj , 15, Rohini Plaza, 11-E Rajpur Road, Dehradun – 248001, Ph: 0135-6452648,0135-6452649; ICICI Sec ,Mr. RAJAN RAWAT,81A, Rajpur Road,Uttam Place, Dehradun,,DEHRADUN - 248001; Kotak Sec ., 1st Floor, Swaraj Complex, 72, Rajpur Road, P: 2745870; RR Equity, 56, 1st Floor, Rajpur Road, Dehradun,Tel - 0135-3258181; SMC ,Mr. Shobhit,7,8,9&10shiva palace, second floor, rajpur road Dehradun 248001 ,Tel - 9368572105; DHANBAD : Bajaj , Ozone Plaza, 1st Floor, Bank More, Dhanbad – 826001, Ph: 0326-2300576; ARVY,48/49, PATEL MARKET,NEAR GANDHI PARK, RAJPUR ROAD,DEHRADUN,Tel - 2713351 / 2714046 / 47; Kotak Sec ., 1St Floor, Commerce House - 2, Shastri Nagar, P:2308482; RR Equity, 218,Sri Ram Plaza 2nd,Floor Bank More,Dhanbad Jharkhand-826000 9431721838, 9431159178; SMC ,Mr. Anup,1st Floor D D House Sonapatti p.o Jharia Jharkhand 828111 ,Tel - 9334001022; DURGAPUR : Eureka , Acharijee Market, Ground Floor, Benachitty, Tel – 3290491/2584650; KARVY,OLD DUTTA AUTOMOBILE BUILDING,1ST FLOOR, BENACHITY, MALANCHA ROAD,DURGAPUR,Tel - 2586375 to 77; RR Equity, Banerjee House- Dakshinayan Durgapur-713218 West Bengal0343-2556908, 9434009475; ERODE : KARVY,NO.4, VEERAPAN TRADERS COMPLEX,KMY SALAI, SATHY ROAD,ERODE,Tel - 2225615; Sharekhan Ltd,Akhil Plaza, Block No.1, T.S.No.121, Perundurai Road, Opp to Padmam Restaurant, Erode - 638011,Tel - 0424 2241001 / 002/003; FARIDABAD : ICICI Sec ,Mr. SHUBHAM SRIVASTAVA,Ground Floor,SCO 52,HUDA Market, Sector-29.,FARIDABAD - 121008; KARVY,A-2B, 1ST FLOOR,NEELAM BATA ROAD, NIT,FARIDABAD,Tel - 418000 / 105; RR Equity, Shop No. 55, 1st Floor, NIIT, Faridabad - 121001, Haryana 0129-02427361; SMC ,Mr. Kapil Uppal,4th Floor Crown Plaza, Main Mathura Road Sec 15 A, FARIDABAD Pin 121002 ,Tel - 9811890747, 9958896760; GANDHIDHAM : KARVY,OFFICE NO.12, KOMAL COMPLEX,2ND FLOOR, PLOT NO 305,NEAR SHIVAJI PARK, SECTOR 12-B,GANDHIDHAM,Tel - 228630; GHAZIABAD :Raj Nagar DC, Raj Nagar, Ghaziabad - 201002, Tel - 0120-2828090; GORAKHPUR : Bajaj , Ground Floor, A D Towers, Bank Road, Gorakhpur, Gorakhpur – 273001, Ph: 0551-6453025,0551-6453026; KARVY,ABOVE V.I.P. HOUSE,ADJACENT A.D. GIRLS COLLEGE, BANK ROAD,GORAKHPUR,Tel - 2346519 / 2333825 / 2333814; RR Equity, Gupta Metal Stores, Harbans Gali, Hindi Bazar Gorakhpur U.P 273005 0551-2205986,9936590296; GUNTUR : KARVY,10/1,sai house,ARUNDELPET,GUNTUR,Tel - 2326686,85,84 2326687; GURGAON : SINGH,A-4,5, DLF Shopping Mall,Arjun Marg,DLF City-I,GURGAON - 122002; KARVY,SHOP NO.18, GROUND FLOOR,OPP: AKD TOWER, SECTOR 14,GURGAON,Tel - 4297206 / 4297202; Kotak Securities Ltd. ; O - 107 Arjun Shopping Mall ; Arjun Nagar ; DLF Phase1 ; RR Equity, 101,Apna Bazaar Gurgaon Haryana 122001 0124-5108108, 9212048108; Sharekhan Ltd,GF 10 JMD Regent Square,DLF Phase II,Near ChakarpurOpp Sahara Mall,Main Mehrauli Gurgaon Road,Gurgaon,122001,Tel - 0124 - 4104555 / 6 / 7; GUWAHATI : Bajaj , Room No.102, 1st Floor, Dunfur Apartment, R G Baruah Road, Guwahati – 781024, Ph: 9207045530, 312; ICICI Sec ,Mr. UTTAM KUMARSHAHU,3rd & 4th Floor, D.R.Braj Mohan Building, M73,G.S.Road,,GUWAHATI - 781005; KARVY,2ND FLOOR, RAM KUMAR PLAZA, CHATRIBARI ROAD,NEAR HIMATSHINGAPETROL PUMP,GUWAHATI,Tel - 2608102 / 2608122; Kotak Sec ., Akshay Tower , 4th Floor, Fancy Bazar, S.S. Road. P: 2732243;GWALIOR : KARVY,NEAR NADIGATE PUL, MLB ROAD,SHINDE KI CHAWANI,GWALIOR,Tel - 4069001 / 4069002 /4087774; HISSAR : KARVY,SCO 71, RED SQUARE MARKET,1ST FLOOR,HISSAR,Tel - 225845 / 225868 / 225836 /315761; SMC ,Mr. Ashish Goel,Mago Securities Ltd 104, SCFGram,1st Floor Green Squar Market Hissar ,Tel - 9416023332; HUBLI : ICICI Sec ,Mr. PRASHANT S T,KVM PLAZA,1st Floor,Next to JTK Show Room,Club Road (Bellow VLCC),HUBLI - 580029; KARVY,GIRIRAJA HOUSE, NO.451/B,WARD NO.1, CLUB ROAD,HUBLI,Tel - 2353962, 2353974, 2353975; Kotak Sec ., V A Kalburgi Complex, Ground floor, Besides Vivekanand corner, Desai Cross, Deshpandenagar.P: 2357512; HYDERABAD: Bajaj , 3-6-522, 2nd & 3rd Floor, Archies Showroom, Himayath Nagar, Hyderabad – 500029, Ph: 040 - 44555555, 64631421, 22; Centrum ,Mr. R. Santosh Kumar,6-3-1111/311, Babukhan Mall,Somajiguda,Hyderabad – 500 016,Tel - 040-49101700/ 07702600014; Enam Sec, 6-3-650/217B & C, Maheshwari Chambers, 2nd Floor, Somajiguda, Tel – 39893626; EDELWEISS, 2nd Floor, MB Tower, Plot No. 5, Road No. 2, Banjara Hills,

SURESHKUMAR ARLA,1St Floor,3-6-517,Shop No-103 Sai Datta Arcade,Himayatnagar, Main Road,HYDERABAD - 500029;ICICI Sec ,Mr. DEVENDRA KUMAR,Ground Floor, 101 & 102 Prashanthi Ram Towers,Behind Saradhi Studio,Yellareddy Guda.,HYDERABAD - 500073;ICICI Sec ,Mr. GBLAXMINARAYANA RAJU,Ground Floor, 11-4-659,Bhavya Farooqi Splendid Towers,Red Hills,Lakdikapool,HYDERABAD - 500004;ICICISec ,Mr. RAGHAVENDRAPRASAD PATNAM,First Floor,B- 44,Journalist Colony,Film Nagar Road, Jubilee Hills,HYDERABAD - 500016;ICICI Sec ,Mr. MAHESHWAR MN,First Floor, 6-3-111 Amrutha Mall Somajiguda,HYDERABAD - 500082;ICICI Sec ,Mr. BURA RAJKUMAR,First Floor,D.No.1-10-209,Kamala Towers, Ashoknagar,HYDERABAD - 500020;ICICI Sec ,Mr. SRINIVASARAO MUDDAPATI,32/3RT, First Floor,Municipal

Murthy/Chandrasekhar, 9-10 Uma Chambers,3rd Floor, Banjara Hills, Ph:040- 39875900/6636 0009/10/12/46; JM Financial , Mr. Mallesh/Mr. Pravin Chary, 3rd Floor, 305 Jade Arcade, M G Road, Secundrabad 500 003.Tel : (040) 3982 5200; KARVY,BUILDING NO.160 (PART),OPP: MAYFAIR COMPLEX, RASOOLPURA, S P ROAD,SECUNDERABAD,Tel - 23433108 ,27883200;KARVY,KARVY CENTRE, GROUND FLOOR,AVENUE4,STREET NO.1,BANJARA HILLS,Tel - 23388743, 66510313; Kotak Sec ., 9-1-777, 4th Flr, Beside ITC Bldg, S D Rd, P:65326394; Standard Chartered ,Attn : Raju Chinta,103/402, Mahavir House, Basheer Bagh Square, Hyderabad - 500029.,Tel - 9642656600;Standard Chartered ,Attn : Sanjeev Raidu,UG - 13, Mekins Maheshwari Mayank Plaza, 6-3-866 / 1 / A, Greenlands, Ameerpet, Hyderabad - 500016. ,Tel - 9849643003;SMC ,Mr. Ramesh Babu,206, 3rd floor Bhuvana Towers, S D Road SECUNDERABAD, 500003 ,Tel - 9246295575; Sharekhan Ltd,7-1-22/3/1-5/C,Afzia Towers,1st Floor,Begumpet,Hyderabad,500016,Tel - 040 - 66827469-70; INDORE :PANDEY,1St Floor,Anjani Plaza,Ashok Nagar,,INDORE - 452001;ICICI Sec ,Mr. ANAND PESHKAR,Ug-6, Ug-7, Shekhar Residency, Scheme - 54, Sector F,,INDORE - 452001;ICICI Sec ,Mr. ABHISHEK GUPTA,UG 5/6, Royal Road Gold, A.Y.N.Road,,INDORE - 452001; JM Financial , Mr. Manish Upadhyay, UG-7 & 8, Ground Floor, D M Tower, ,21/1, Race Course Road, Ph:0731- 3072111/4262111; KARVY,BALAJI COPORATE,19/1, NEW PALASIA,,NEAR JANGEERWALA CHOWRAHA,,INDORE,Tel - 4081500 TO 4081524; Kotak Sec ., 314, Citi Centre, 570, M.G. Road.P:2537336; RR Equity, 206 Gold Arcade, 1/3 New Palasia, Indore M.P- 452001 9826062666; Standard Chartered ,Attn : Ved Prakash Dhimole,UG - 4,5 & 6, Royal Diamond, Y.N. Road, Indore - 452001.,Tel - 9826033348; SMC ,Mr. Harish Aggarwal,206,Gold Arcade 3/1 New Palasia, Indore, M P ,Tel - 9826062666; Sharekhan Ltd,102-104 Darshan Mall,15/2 Race Course Road,Indore,452001,Tel - 0731 - 4205520 - 24; JABALPUR : ICICI Sec ,Mr. SANJEEV SINGH,655, Napier Town, Katanga Gorakhpur Crossing,,JABALPUR - 462001; Kotak Sec ., Jain Tower, 3rd Floor, Ruseel Chowk,P: 4085850; RR Equity, Shop No. 5, Unique Tower, Shashtri Bridge Chowk, Jabalpur Madhya Pradesh 482002 9827066823,9827066823; Sharekhan Ltd,2nd Floor, Mangalam Building, 103, Napier Town, Shastri Bridge Road, Jabalpur 482001,Tel - 0761-5007775; JAIPUR : Bajaj , G-3, Anukampa Tower, Church Road (M. I. Road), Jaipur – 302001, Ph: 0141-6503342, 43; Eureka , 213/214, Jaipur Towers, M I Road, Tel – 3918040/41; EDELWEISS , Green House 601 & 602; 6th

Floor, Jaipur Tower, M.I. Road, Jaipur; ICICI Sec ,Mr. TARUNA RAMWANI,A-2, Lal Kothi Shopping Center, Tonk Road,JAIPUR - 302015;ICICI Sec ,Mr. PRATIBHA AGARWAL,Shop No. G-8,G-9 Vaishali Tower II,Vaishali Nagar, Nursery Circle,JAIPUR - 302021;ICICI Sec ,Mr. GOVIND CHOUDHARY,Gr.Floor, M I Road,JAIPUR - 302001;ICICI Sec ,Mr. DURGESH KANWAR,G-34,Ganpati Paradise, Central Spine, VidhyadharNagar,JAIPUR - 302023; JM Financial , Mr. Navneet Sharma, G-7 & G-8,Brij Anukamba,Plot No.K-13, Ashoka Marg,C-Scheme, Ph:0141-3984400; KARVY,S-16/A, LAND MARK, OPP: JAI CLUB,MAHAVEER MARG, C - SCHEME,JAIPUR,Tel - 2378703 / 04/ 05/ 06 ; Kotak Sec ., 305-308, 3rd Floor, Green House, O-15,Ashok Marg, C-Scheme; KJMC, 41, JAI JAWAN COLONY II TONK ROAD, DURGAPURA ,JAIPUR 302016, Tel- 0141-2545735; RR Equity, 7,Katewa Bhawan, MI Road,Jaipur- 302001 0141-3235456; Standard Chartered ,Attn : Shweta Bhutani,8, Katewa Bhawan, 1st Floor, M.I. Road, Jaipur - 302001. ,Tel - 9828044491;Standard Chartered ,Attn : Vinay Singhal,8, Katewa Bhawan, 1st Floor, M.I. Road, Jaipur - 302001. ,Tel - 9783333369;Standard Chartered ,Attn : Naveen Sharma,8, Katewa Bhawan, 1st Floor, M.I. Road, Jaipur - 302001.,Tel - 9799299894; SMC ,Mr. R K Bhandari,401, fourth Floor Shyam Anukampa , Ashok Marg C scheme Jaipur ,Tel - 9929644402; Sharekhan Ltd,Flat No 401/402, 4th Floor, Green House,Ashok Marg, C-scheme, Jaipur-302001,Tel - 0141-4078000;Sharekhan Ltd,7 Katewa Bhawan,Opp Ganpati Plaza,M. I. Road,Jaipur,302001,Tel - 0141-5114137; JAMNAGAR : ICICI Sec ,Mr. SATISH BHALARA,3Rd Floor, Cross Road Complex,Bedi Bunder Road,,JAMNAGAR - 361008; KARVY,G-12,MADHAV PLAZA,OPP-SBI BANK,NEAR LAL BUNGLOW,JAMNAGAR,Tel - 2556520 /2556260 / 2556420; Kotak Sec ., 701, 5th Floor, City Point, Station Road, P: 5540355; Sharekhan Ltd,4/5, Avantika Commercial Complex, 2nd Floor, Limda Lane Corner, Jamnagar - 361 001.,Tel - 0288 2541861; JALANDHAR : KARVY,LOWER GROUND FLOOR, OFFICE NO.3, PRIMETOWER,PLOT NO.28, G T ROAD,JALANDHAR,Tel - 4634401 TO 415; Kotak Sec ., 2nd Floor, 465, Lajpat Nagar Market; JAMSHEDPUR : Eureka , 1st Floor, RJS Building, Diagonal Road, Bistupur, Tel – 2428777; ICICI Sec ,Mr. DEEPAK RANJAN,Gayatri Enclave 2nd Floor (Rear Portoin) Bistupur.,JAMSHEDPUR - 831001; KARVY,3RD FLOOR, KANCHAN TOWERS,3 SB SHOP AREA, BISTUPUR MAIN ROAD,,JAMSHEDPUR,Tel- 2487020, 2487045, 2320048; Kotak Sec ., Bharat Business Centre, Ho No.2, 2nd Flr, Rm No. 8, Ram Mandir Area Bistupur,P:3090856; SMC ,Ms Shama Firdous,K2-L1 TIWARY BECHER COMPLEX,P.O. BISTUPUR ,JAMSHEDPUR 831001 ,Tel - 9934399678; Sharekhan Ltd,B1/2 , 2nd Floor Bhadani Trade Centre,Bistupur Jamshedpur-831001,Tel - 0657-2320903; JAMMU : KARVY,1ST FLOOR, 29 D/C,GANDHINAGAR,JAMMU,Tel - 9205044665 / 668; JODHPUR : ICICI Sec ,Mr. PUJA RAY,Gul-Indi Bhawan, 1st Floor, Plot No. 9/A/B/I and III, Ratanada, Nr. Punjab National Bank, Ratanada Road,,JODHPUR - 342001; KARVY,203, MODI ARCADE,CHOPSKINI ROAD,JODHPUR,Tel - 5103026 / 5103046 /3251441; Kotak Sec ., 1st Floor, Gulab Bhawan, Chopasani Road,P: 5101956; RR Equity, 77, Prem Vihar, Chopasni Road JodhpurRajasthan 342003 9928388322; SMC ,Mr. Upendra Gandhi,201, Poonam Complex, III-C Road, Sardapura, Jodhpur, Rajasthan 342 003 ,Tel - 9314712688; Sharekhan Ltd,A-3 1st Floor,Olympic Tower,Station Road,Jodhpur,342001,Tel - 0291 - 2635600 / 6450835 / 836 ; KANPUR : Bajaj , 106, Ratan Esquire, 14/144, Chunni Ganj, Kanpur – 208001, Ph: (0512) 6451763 – 64; ICICI Sec ,Mr. SATYAJIT NAG,111/432, 80 Ft Road,AshokNagar,,KANPUR - 208001; KARVY,15/46, CIVIL LINES, NEAR MUIR MILLS,STOCK EXCHANGE ROAD,KANPUR,Tel - 2330127 / 2331445; Kotak Sec ., 312-315, 3rd Floor, 14/113, Kan Chambers, Civil Lines, P: 3018114; RR Equity, 26 L.G.F. Roland Tower 17/5 The Mall Kanpur Uttar Pradesh 208001 2079930, 9336219040; Standard Chartered ,Attn : Ashvini Kumar Sharma,15 / 59, “O” Civil Lines, Kanpur - 208001. ,Tel -9044200777; SMC ,Mr Parikshit,15/240 - I, CIVIL LINES, KANPUR, 208001 ,Tel - 9936449444;SMC ,Mr. Neeraj Jain,SPFL House 15/63 Civil Lines ,Tel - 9336836894; KOCHI : Bajaj , Rubicon Building, S.A. Road, South Over Bridge, Valanjambalam, Kochi – 682016, Ph: 0484-6452566, 65; ICICI Sec ,Mr. VIPIN NAIR,1St Floor, Prabhus Towers, Mg Road, North End,,KOCHI - 682035;ICICI Sec ,Mr. SREEJITH MS,44/2102-C,

Ernakulam, Cochin - 682016. ,Tel - 2372669 / 70 / 73 ; Sharekhan Ltd,Chicago Plaza, 1st Floor, Rajaji Road, Ernakulam, Kochi-682 035,Tel - 0484-2368411; KOLKATA : Bajaj , 5th Floor, Room No. 507, 7/1, Lord Sinha Road, Kolkata – 700071, Ph: 033 – 22820383; Centrum ,Mr. Rakesh Singh,Suite No. 307, 3rd Flr., Central Plaza, 2/6, Sarat Bose Road, Kolkata - 700 020,Tel - / 09830010132; Eureka , B, 3/5, Gillander House,8, N.S.Road, Tel – 03339180300; Eureka , 9B, Wood Street, 1st Floor, Tel – 03339180380/81; Eureka , 7, Lyons Range, 2nd Floor; Enam Sec, S-205, Ideal Plaza, 11/1, Sarat Bose Road, Tel – 32426310/30588154; EDELWEISS, 2nd Floor, Savitri Tower, 3A, Upper Wood, Kolkata - 700 017 ; Tel. : 033- 40104635; ICICI Sec ,Mr. ARINDAM SAHA,30-G, Chowringee Mansion,J L Nehru Road,Park Street.,KOLKATA - 700016;ICICI Sec,Mr. DEEP KUMAR,112A, Third floor, Rash Behari Avenue,KOLKATA - 700029;ICICI Sec ,Mr. AMULLYA BISWAS,Victoria Plaza,385, Garia Main Road,KOLKATA - 700084;ICICI Sec ,Mr. NITISH SHRIVASTAVA,339, Canal Street, Lake Town,,KOLKATA - 700048;ICICI Sec ,Mr. MADHURI GUPTA,95, Dumdum Road,,KOLKATA - 700074;ICICI Sec ,Mr. DEBPRIYO BOSE,P.S. Srijan Tech Park, Dn 52, Salt Lake City, Sector V,,KOLKATA

ROAD,2ND FLOOR,DALHOUSIE,Tel - 22437863 to 69 / 90 / 89; Kotak Sec ., 7th Floor, Apeejay House, Block ‘C’, 15, Park Street,P:22273999; Kotak Sec ., Govind Bhavan, Ground Floor, 2, Biplabi Trilokya Maharaj Sarani(Brabourne Road),P: 2235 8105; RR Equity, 704,Krishna Bldg.,224,AJC Bose Road, Kolkata- 700017 033-22802963/22806878; Standard Chartered ,Attn : Ms. Preeti Karnawatt,Premises No 152 First Floor,S.P Mukherjee Road,Kolkata – 700 026.,Tel - 033 - 24634044-45 ;Standard Chartered ,Attn : Bimal Halder,Mangalam Bldg., 24 & 26, Gr Floor, Hemanta Basu Sarani, Dalhousie, Kolkata - 700001. ,Tel - 9230563772/9830063772;Standard Chartered ,Attn : Ravikant ,Mangalam Bldg., 24 & 26, Gr Floor, Hemanta Basu Sarani, Dalhousie, Kolkata - 700001. ,Tel - 9874658287;Standard Chartered ,Attn : Partha Pal,Shree Manjiri, 1stFloor, 8/1, Sir William Jones Sarani, Kolkata - 700071. ,Tel - 9830619223; SMC ,Mr. Vivek Niyogi,18,RABINDRA SARANI PODDER COURT GATE NO 4, 5th FLOOR KOLKATTA -700001 ,Tel - 9933664479; Sharekhan Ltd,Kankaria Estate,1st Floor, 6-Little Russell Street, Kolkata - 700 071.,Tel - 033 - 22830055; KOTA : KARVY,29, SHOPIING CENTRE,1ST FLOOR KOTA,KOTA,Tel - 2365144 / 2365145 / 2365146; Kotak Sec., D-8 First Floor, Shri Ram Complex, Gumanpura; SMC ,Mr J K Jain,4-a-6 Talwandi Kota Rajasthan ,Tel - 9829116982; KOTTAYAM : Bajaj , Skyline Citadel Building, Ground Floor, Kanjijuzhy, K.K. Road, Kottayam – 686004, Ph: 0481-6452249/51;ICICI Sec ,Mr. NIRMAL JOHN,2nd floor,Ashirwad Towers,No.3,Block 54, Shastri Road,KOTTAYAM - 686001; KARVY,1st Floor, C S I Ascension Square,Railway StationRoad,Collectorate,KOTTAYAM,Tel - 2302420 / 2302421; KOLHAPUR : Bajaj , Ground Floor, Damodar Enclave Apartment, 10th Lane, Rajaram-puri, Kolhapur – 416001, Ph: 0231 – 6450529; KARVY,OMKAR PLAZA 1 ST FLOOR,UNIT F - 2 & F - 4,RAJARAM RTOAD , BAGAL CHOWK,,KOLHAPUR,Tel - 2520650 / 2520655; Sharekhan Ltd,Office No 5, 3rd Floor, Ayodhya Tower, C S Number 511/KH, 1/2 E Ward, Dhabolkar Corner,Kolhapur,416001,Tel - 0231 - 6687063 - 69 / 76; LUCKNOW : Bajaj , 5, Commerce House, Habibullah Compound, 11, M.G. Marg, Hazratganj, Lucknow – 226001, Ph: 0522 – 6565568; ICICI Sec ,Mr. DEBMALYA MUKHERJEE,Ground Floor, Landmark Arcade2,Badshah Nagar Crossing,Faizabad Road,LUCKNOW - 226006;ICICI Sec ,Mr. BINIT AGARWALA,Raj Palace, A1/15,Sector H, Purania Chauraha,Aliganj,LUCKNOW -226024;ICICI Sec ,Mr. IMRAN KHAN,S/268, E Block Market,Awasthi Complex,Rajajipuram,LUCKNOW - 226017;ICICI Sec ,Mr. NITESH TIWARI,First And Second Floor, Speed Building, 3, Shahnajaf Road,LUCKNOW - 226001; KARVY,94, MAHATMA GANDHI MARG,OPP: GOVERNOR HOUSE, HAZRATGANJ,LUCKNOW,Tel - 2236819-28, 3817001 ;KARVY,B-1/2, VIJAY KHAND,,NEAR UNION BANKOF INDIA GOMTINAGAR,LUCKNOW,Tel - 4104270 - 79;KARVY,24, “USHA SADAN”,PREM NAGAR, ASHOK MARG,LUCKNOW,Tel - 4104300 - 309; Kotak Sec ., 1-2 Ground floor, Commerce House, Habibullah Estate,11 M.G. Marg.P:3950119; Kotak Sec ., A-1 ; Ashish Palace,Sector E,Aliganj, P: 3232285; RR Equity, G-32,Shriram Tower,13- A,Ashok Marg, Lucknow- 226001 0522- 4057612; SMC ,Mr. Anoop,Radha Krishna Bhawan, Plot No.3/A, 5 Park Road, Lucknow ,Tel - 9839826932; Sharekhan Ltd,1st Floor Marie Gold, 4 Shahnajaf Road,Hazratganj,Lucknow (UP),226 001,Tel - 0522 - 4010342;Sharekhan Ltd,2/159, Vivek Khand, Gomti Nagar, Lucknow-226010,Tel - 0522-4101693; LUDHIANA : Bajaj , M-3, ABC Services, SCO-137, Feroze Gandhi Market, Ludhiana-1, Ph: (0161) 2412287; ICICI Sec ,Mr. GURPREET MANGAT,Sayal Complex, Gill Road,,LUDHIANA- 141001; KARVY,SCO 136, 1ST FLOOR,FEROZE GANDHI MARKET,LUDHIANA,Tel - 44680050 / 4680062-63 ; Kotak Sec ., SCO-122, 2nd Floor, Firoz Gandhi Market,P: 5047214; MADURAI : - 625020; KARVY,274, GOODS SHED STREET,~,MADURAI,Tel - 2350852; Kotak Sec ., Shop A First Floor, KRV Arcade, AR PLAZA 16 & 17, North velli Street.P: 2341225; MANGALORE : Bajaj , Essel Towers, BS 4, Bunts Hostel Circle, Mangalore – 575003, Ph: 0824-6451218, 17; Kotak Sec ., No.4, 3rd Floor, The Trade Centre, Jyoti Centre, Bunts Hostel Road, P: 424180; KARVY,MAHENDRA ARCADE, NO.4-6-577/21/22,KODIABAIL,MANGALORE,Tel - 2492302, 2496332, 2492901; Kotak Sec ., No.4, 3rd Floor, The Trade Centre, Jyoti Centre, Bunts Hostel Road, P: 424180; RR Equity, F 2 1st Floor Adithi Arcade Karangalpay mangalore 575003 Karnataka 9845288557; Sharekhan Ltd,T-1 3rd Floor,Utility Royal Tower,K S Rao Road,Mangalore,575001,Tel - 0824 - 2441318 MEERUT : Bajaj , G-43, Ganga Plaza, Meerut cantt. - 250001, Ph:0121 - 6451510, 6451511; ICICI Sec ,Mr. VINEET CHOUDHARY,P P Plaza Plot No. 177/1, Mangal Pandey Nagar,MEERUT - 250005; KARVY,1ST FLOOR, MEDI CENTRE,OPP EVES CENTRE HAPUR ROAD NEAR BACHHA PARK,MEERUT,Tel - 4033727 / 3271640; SMC ,Mr. Sanjay Pahuja,KAVERI COMPLEX, P.L. SHARMA ROAD MEERUT ,Tel - 9837101412;SMC ,Mr. Abhishek Bhardwaj,C/O KSB CAPITAL SERVICESLTD SHOP NO-1,FIRST FLOOR,HARI LAXMI ROAD,P K ROAD,CROSSING MEERUT ,Tel - 9837024084; MUMBAI : Bajaj , Agra Bldg, Gr. Floor, 7/9 Oak Lane, Fort, Mumbai – 400023, Ph: 022 – 66376999; Centrum ,Mr. Rajesh Thadhani,Centrum House, 4th level, CST Road, Vidya Nagari Marg, Kalina, Santacruz (E), Mumbai - 400098,Tel - 022-42159465/ 9821501179; Eureka , Raheja Chambers, R. NO. 909, 9th Floor, 213, NarimanPoint, Tel – 32583020; Enam Sec, Khatau Building, 2nd Floor, 44 Bank Street, Off Shahid Bhagatsing Road, Fort, Tel – 22677901; Enam Sec, 201-A, Laxmi Towers, Bandra Kurla Complex, Bandra – E, Tel – 66803600; Enam Sec, Hari Chamber, Ground Floor, 58/64, Shahid Bhagat Singh Road, Fort, Tel – 22677901; EDELWEISS ,104, 1st

/ 67494586; Hem Sec,14/15, Khatau , Tel - Building, 1st Floor, 40 Bank Street, Fort,Mumbai-400023; ICICI Sec ,Mr. KSHITIJ SHARMA,Shop No 4,5,6,7Roop Maya Co-Op Hsg.Soc., Sector 6, Airoli,NAVI MUMBAI - 400708;ICICI Sec ,Mr. ANUP KUMAR,Shop No.6,7 & 8,Ground Flr.Vaishnavi Tower,Sector-44,Nerul (W).,NAVI MUMBAI - 400706;ICICI Sec ,Mr. VIKAS SHARMA,Apsara Building,Shop No. 4, Sector - 17,Vashi.,NAVIMUMBAI - 400702;ICICI Sec ,Mr. ARVIND JHA,Gr. Floor,Tulsi Pooja Shopping Center,New Panvel (E).,NAVI MUMBAI - 410206;ICICI Sec ,Mr. SANJAY RANKA,Shop No. 1, Bhomi Tower,Sec - 4, Plot No. 28,Kharghar,,NAVI MUMBAI - 410210; ICICI Sec , Gr. Floor, H.T Parekh Marg, Back Bay Reclamation,Churchgate,,MUMBAI - 400020; ICICI Sec , SHREE SAWAN KNOWLEDGE PARK, GR. FLOOR, PLOT NO. D-507, T.T.C

Vileparle (East), Ph:022-2613 5202-03/67077440-43; JM Financial ,Ms.Riddhi Trivedi, Palm Court, M- Wing, 4th Floor, Goregaon Link Road,Malad (West), Ph:022-30877000/67617000-Ext.382; JM Financial ,Mr.Nilesh Gavle, Ground Floor, Anushka, New Link Rd,Andheri (West), Ph:022- 66191600/612; JM Financial ,Mr R Mukundan/Ms Armin Irani, 2,3,4 Kamanwala Chambers,P M Road, Fort, Ph:022-3021 3500/2266 5577 – 80;JM Financial , Ms Jyotsna Solanki/Mr C V George, Shop No 6, Dattani Trade Center,Chandra Varkar Road, Borivali (West), Ph:022- 3021 5400/6695 9120 – 23; JM Financial , Ms Charulata Mehta/Mr. Tilak Sanil, 424/425 Kalidas Plaza, V B Lane,Ghatkopar (East), Ph:022-3097 8700/6710 4738; KARVY,207,JEEVAN UDYOG BUILDING, 2nd FLOOR,ABOVE KHADI BHANDHAR ,D N ROAD, FORT,MUMBAI,Tel - 22062077, 2087,2051, 2023;KARVY,7, ANDHERI INDUSTRIAL ESTATE,OFF: VEERA DESAI ROAD,ANDHERI (WEST),Tel - 26730799 / 843 / 311 ; Kotak Sec ., 32, Gr Flr., Raja Bahadur Compound, P:22655074; Kotak Sec ., 6th Floor, Kotak Towers, Building No. 21, Infinity Park, Off Western Express Highway, Goregaon Mulund Link, Road, Malad (E),P: 6605 6825; Kotak Sec ., Nirlon House, 3rd Floor, Dr Anie Besant Road, Worli,P:66529191;KJMC, 168, ATLANTA 16TH FLOOR,NARIMAN POINT,MUMBAI 400 021, Tel - 022-40945500; LKP, Bank of Maharashtra, 45/47, Bombay Samachar Marg, Fort, Mumbai:400001,Tel – 22663963; RR Equity, 18 First Floor,105 bombay Samachar Marg.,Fort, Mumbai- 400023 022-40544201/224; RR Equity, 133A, Mittal Tower, A Wing, 13th Floor, Nariman Point, Mumbai- 400021 9324804084; SUSHIL FINANCIALS ,12, HOMJISTREET,FORT,MUMBAI – 400 001; Standard Chartered ,Attn : Sandeep Chavan,Ground Floor, Anand Commercial Centre, S.V. Road, Santacruz (West), Mumbai - 400054. ,Tel - 9867439536;Standard Chartered ,Attn : Balu Salve,6, Sanghrajka House, 1st floor, 431, Dr. D.B. Marg, Opera House, Mumbai – 400 004 ,Tel - 9323207578;Standard Chartered ,Attn : Rahul Jha ,6, Sanghrajka House, 1st floor, 431, Dr. D.B. Marg, OperaHouse, Mumbai – 400 004 ,Tel - 9930929935;Standard Chartered ,Attn : Deepak Singh,Sai Plaza, Ground Floor, Jawahar Road, Ghatkopar (East), Mumbai - 400077. ,Tel - 9920371720;Standard Chartered ,Attn : Mr. Rahul Kamble,Work Station - 1016, Standard Chartered Tower, 201-B/1,1st Floor, Western Express Highway,Goregaon (East), Mumbai – 400063,Tel - 9869082673;Standard Chartered ,Attn : Jalaj Pandya,Shop No.

– 400023,Tel - 022 66105691/92/93; MUZAFFARNAGAR : KARVY,203/99, C SADAR BAZAR, TOWN HALL ROAD,ABOVE BANK OF INDIA,MUZAFFARNAGAR,Tel - 2437349, 2437359; MURADABAD : KARVY,FIRST FLOOR, SINGH BHAWAN,,CHOWK TAARI KHANA GMD ROAD,MORADABAD,Tel - 2310470 / 2320470; MYSORE : ICICI Sec ,Mr. ANIL MN,D. No. 86/3A, Panabvati Circle, Kalidasa Road,Jayalakshmipuram,,MYSORE- 570012; KARVY,NO.9/2, NEW NOL.L-350, SILVER TOWER, 1ST FLOOR,ASHOKA ROAD, OPP: CLOCK TOWER,MYSORE,Tel - 2524292, 2524294; Kotak Sec ., No: 646 - Kiran Mansion - 2 nd Floor, Chamaraja Double Road, P: 4000861; NAGPUR : Bajaj , Shop No. 5, Pushpakunja Commercial Complex, Central Bazar Road, Ramdas Peth, NAGPUR – 440010, Ph: 0712-6618577; ICICI Sec ,Mr. AMIT GONDEWAR,GaneshHeights,Kotwal Nagar Ring Road, Khamla,NAGPUR - 440015; ICICI Sec ,Mr. RAVINDRA AKHARE,First Floor,Shop No. 138 To 140,Shree Ram Shyam Towers,,NAGPUR - 440001; KARVY,230-231, 3RD FLOOR, SHREERAM TOWER,NEAR NIT BUILDING,SADAR,NAGPUR,Tel - 6614146 / 6614145; Kotak Sec ., Plot no. 5, 3rd floor, Lotus Gorepeth Layout WHC Road , Dharampeth, P: 6620278; Standard Chartered ,Attn : Minal

NASIK: Bajaj , G 18 & 19 , Suyojit Sankul, Tilak Wadi, Sharanpur Road, Nashik – 422002, Ph: 0253 - 6629011, 6629012; ICICI Sec ,Mr. SHAUNAK BODKE,Shop No. 67, 68, Vasant Market,Canada Corner,,NASIK - 422002;ICICI Sec ,Mr. VIHIT SALINS,Ground Floor, Plot No. 7, Mahindra Memorial Centre, Rathchakra Chowk,Vadala- Pathardi Road, Indira Nagar,NASIK - 422009; KARVY,F1, SUYOJIT SANKUL,SHARANPURROAD,NASIK,Tel - 9665066531,32,33; Kotak Sec ., G-5, Suyojit Avdhoot Tower, Old Gangapur Naka, Gangapur Rd,P: 6609804; Sharekhan Ltd,5 SK Open Mall, Yeolekar Mala, Near BYK Collage, Collage Road,Nashik , 422005,Tel - 0253 – 6610975 to 989; NAVSARI : KARVY,1/1,1ST FLOOR, CHINMAY ARCADE,OPP: SATTAPIR, TOWER ROAD,NAVSARI,Tel - 280364, 280366,280367; NADIAD : KARVY,104-105, CITYPOINT,NEAR PARAS CINEMA,NADIAD,Tel - 2563245, 2563210; NEW DELHI :

8A,Block No.E,Hauz Khas,NEW DELHI - 110016;ICICI Sec ,Mr. MOHAMMAD AAMIR,Ground Floor & First Floor Plot No 17, Community Center,Mayapuri,NEW DELHI - 110064;ICICI Sec ,Mr. RAHUL SHARMA,Ground Floor 4435-3/6, Portion 4/7 Ansari Road, Next to Corrporation Bank ATM, Daryaganj,NEW DELHI - 110002;ICICI Sec ,Mr. RAVISH SINGH,Gr. Floor , 1St Floor, Plot No-10, LSC Rajdhani Enclave, Vikas Marg, RAJDHANIENCLAVE, NEW DELHI - 110092;ICICI Sec ,Mr. PREETI SINGH,Ground Floor, Rohini Sector-9, NEW DELHI - 110085;ICICI Sec ,Mr. RAHUL AGGARWAL,Ground Floor & Upper, 22 Central Market, Ashok Vihar,NEW DELHI - 110052;ICICI Sec ,Mr. VISHAL NARANG,Unit F-7,8,9,10,11,12,13,14,Malik Buildcon Plaza-2 Pocket-V Sec 12, Dwarka,NEW DELHI - 110075;ICICI Sec ,Mr. DEEPAK THAKUR,Gr. Floor 30/5,Nangia ParkCircle, Shakti Nagar,NEW DELHI - 110007;ICICI Sec ,Mr. ARINDAM BISWAS,Ground Floor 3C/4, New Rohtak Road,NEW DELHI - 110005;ICICI Sec ,Mr. MAYANK PANDEY,First Floor (Left Side), DDA Shopping Complex, Alaknanda,NEW DELHI - 110019;ICICI Sec ,Mr. ASEEM KAPOOR,Plot No. 13, Community Centre, New Friends Colony,NEW DELHI - 110065;ICICI Sec ,Mr. SAMIT KAPOOR,179 - 182, Dda Office Complex,

4130 5000/3092 5500; KARVY,105-108, ARUNACHAL BUILDING,19, BARAKHAMBA ROAD, CONNAUGHT PLACE,NEW DELHI,Tel - 23324401 / 43509200 ; Kotak Sec ., 202-217, 2nd Floor, Ambadeep Building, 14, Kasturba Gandhi Marg.P:66313131; KJMC, 221, HANS BHAWAN, 2ND FLOOR, BAHADUR SHAH ZAFAR MARG,NEW DELHI 110 002, Tel - 011-23370091; RR Equity, 47, M.M. Road, Rani Jhansi Marg, Jhandewalan,New Delhi – 110055 011-23636363/62; RR Equity, 105, Anchal Plaza,Nelson Mandela Road Vasant Kunj,New Delhi-110070, 011-26891262,26134764 ;RR Equity, 105, Pratap Bhawan , Bahadur Shah Zafar Marg, New Delhi - 110001 011- 49505500,41509018; RR Equity, 118, Gagandeep Building, Rajendra Place , New Delhi- 110008 011- 25764872,41538956; RR Equity, 106, Pankaj Chambers, Preet Vihar Community Centre,Delhi - 110092, 011-42421238-39, 49504400; RR Equity, Shop No. 24, FD Market, Pitampura , Delhi - 110034 011 – 27311419; RR Equity, N-24 - 25, Connaught Place, New Delhi - 110001 011- 41523306, 46308803, 41523229; RR Equity, 111, Jyotishikhar, 8 Distt. Centre , Janakpuri, New Delhi - 110018 011- 25617654; Standard Chartered ,Attn : Mohd. Arif Jamal,E-2/27,Ground Floor, Main Link Road, Jhandewalan, Gate No.2,New Delhi-110 055,Tel - 9818704922;Standard Chartered ,Attn : Suvi Mishra,52-53, Malviya Smriti Bhawan, Deen Dayal Upadhyay Marg, New Delhi-110002.,Tel - 9999966498/9310022558;Standard Chartered ,Attn : Syed Haider Abbas,52-53, Malviya Smriti Bhawan, Deen Dayal Upadhyay Marg, New Delhi-110002.,Tel - 9358844612/8957134701;Standard Chartered ,Attn : Krishan Deep Singhal,52-53, Malviya Smriti Bhawan,Deen Dayal Upadhyay Marg, New Delhi-110002.,Tel - 9829220486/09582200486;Standard Chartered ,Attn : Richa Mittal,159, Aggarwal Citi Plaza, Plot No. 17, Manngalam Place, Sector 3, Rohini, New Delhi -110 085. India,Tel - 9818820126;Standard Chartered ,Attn : Vivek Prakash Rai,159, Aggarwal Citi Plaza, Plot No. 17, Manngalam Place, Sector 3, Rohini, New Delhi -110 085. India,Tel - 9711407979; SMC ,Mr. Puneet Gupta,503,Ansal Bhawan Barakhamba Road New Delhi 110001,Tel - 9871626464;SMC ,Mr. Keshav Jejware,6B, First Floor Himalaya House 23, K G Marg Connaught place New Delhi -110 001 ,Tel - 9958696929;SMC ,Mr. Mahesh Gupta,17 , Netaji Subhash Marg, Daryaganj, New Delhi-110 002 ,Tel - 9818620470, 9810059041; Sharekhan Ltd,39, First Floor, Samyak Tower, Near Metro Pillor No. 120, Pusa Road, New Delhi - 110005,Tel -011-45117000 ; NOIDA : ICICI Sec ,Mr. SARFARAZ AHMED,16, 15, 14, & 12-A, Ground Floor,Msx Tower Ii,,GREATER NOIDA - 201306; ICICI Sec ,Mr. KUMAR SHIVENDRA,B 1/34-35,Central Market, Sector-50,NOIDA - 201301; KARVY,307,2nd FLOOR JAIPURIA PLAZA, D-68A,2ND FLOOR, (OPP DELHI PUBLIC SCHOOL) SECTOR 26,NOIDA,Tel - 2539271 / 2539272 / 2539273; Kotak Sec , 2nd Floor, G-31-32, Atta Market,Sector-18,P: 4606911; RR Equity, P-5,Sector - 18,Noida- 201301, Uttar Pradesh 0120-4336992; SMC ,Mr. Kapil Chopra,106-Ocean Plaza .P-5 SEC-18, NOIDA-201301,Tel - 9717000378; PATNA : Bajaj , Flat No. 108, 1st Floor, Ashiana, Plaza, Budha Marg, Patna – 800001, Ph: 0612- 6451056 - 59, 61 – 63; ICICI Sec ,Mr. ANUP SRIVASTWA,ICICI Bank Premises,Sumitra Sadan, Boring Road Crossing,,PATNA - 800001;KARVY,ANAND TOWER, 2ND FLOOR, EXHIBITION ROAD,NEAR REPUBLIC HOTEL, OPP: ICICI BANK,PATNA,Tel - 2321354 / 56 / 57; Kotak Sec ., Office No.7, Twin Tower Hathwa, South Gandhi Maidan,P: 2224620; RR Equity, 422-23, 4th Floor,Ashiyana Harniwas Complex,New Dak Bunglow Road Patna Bihar 800001 9334114868, 9334114868; SMC ,Mr. Shekhar,Frontline Financial Consultancy Pvt. Ltd. 209, 2nd Floor,Pandey Mall ,Fraser Road, PATNA , 800001 ,Tel - 9798981521; Sharekhan Ltd,406-407 B,Ashiana Plaza,Budh Marg,Patna,800001,Tel - 0612-2213112 / 13 / 14 / 15 / 16;Sharekhan Ltd,117, Palika Bazar, !st Floor, Raj Mahel Road, Patan, Gujarat,384265,Tel - 02766 - 223038 / 325759 ; PATIALA : KARVY,SCo 27b,CHHOTI BARANDARI,PATIALA,Tel - 5051726 / 5051727 / 5051728; PANIPAT : KARVY,1ST FLOOR, KRISHNATOWER,ABOVE AMERTEX, GT ROAD,PANIPATH,Tel - 2644308 / 2644376 ; PONDICHERRY : Bajaj , No. 127/A, 100 Ft. Road,Natesan Tower, 1st Floor, Natesan Nagar, Pondicherry – 605001, Ph: 0413 - 6452334, 6452335; ICICI Sec ,Mr. PRABHU PONNUSAMY,Gr. Floor, Avn Plaza, 100 Ft Road, Gayatri Nagar, Mudaliarpet,PONDICHERRY - 605004; KARVY,NO.7,THIAYAGARAJA STREET,PONDICHERRY,Tel - 2220640; PUNE: Bajaj , Shop No 6, Sanas Plaza, 1302, Subhash Nagar, Bazirao Road, Pune – 411002, Ph: 020-65009460, 61; Centrum ,Mr. Abhishek Mehta,401 B & C, City Point,17 Boat Club Road,Pune - 411 001,Tel - 020-30488112/ 9765555651; Enam Sec, 1248A, Asmani Plaza, Coodluck Chowk, Deccan Gymkhana, Shivaji Nagar, Tel – 25521606; Enam Sec, 101 & 102, Silver Prestige, 1st Floor, Swargate, Tel – 30205492/93; ICICI Sec ,Mr.ABHINAV KUMAR,Ground Floor, Abhimanshree Apartments-2 Condominium Bhuvaneshwar Society, Aundh,PUNE - 411007;ICICI Sec ,Mr. JANKI VYAS,Ground Floor, Sheetal Plaza, CTS No. 1125,Final Plot No.499 Model Colony, Shivajinagar,Bhamburda,PUNE - 411016;ICICI Sec ,Mr. VIJAY AVHAD,RAMA S.No 682/A, CTS No 1048, Plot No 49, Chatrapati Rajaram Co-Op Hou.Soc, Jedhenagar,Bibwewadi,PUNE - 411037;ICICI

College Road, Erandawane, Ph:020-3987 1600-01/ 66033730; KARVY,OFFICE NO.6, THIRD FLOOR, RACHANA TRADE ESTATE,LAW COLLEGE ROAD, NEAR SNDT CIRCLE, CTS NO.105, ERANDWANE,PUNE,Tel - 66048790 (5 LINES) / 91 / 92 / 93; Kotak Sec ., 2 ND FLOOR, KUMAR BUSINESS CENTER,BUND GARDEN ROAD, P: 66066129; Standard Chartered ,Attn : Sagar Waikar,A/2, 1st Floor, Deccan Chambers,C.T. Survey No. 33/40, Erandwane, Karve Road, Pune - 411004. ,Tel - 9860004662; SMC ,Mr. Ashutosh,1ST Floor, Dealing Chamber, J M Road, Pune, 411004,Tel - 9769345255; Sharekhan Ltd,301, Millenium Plaza, 3rd Floor, Opp Fergusson College main Gate, Fergusson College Road,Shivaji Nagar, Pune-411 004.,Tel - 020 - 66021301 /02/03/04/05/06; PANIJIM : Bajaj , F2, 1st Floor, Alfran Plaza, Panaji, Goa, Panaji – 403001,Ph: 0484 – 2356869, 70; KARVY,18,19,20, CITY BUSSINESS CENTRE, COEL HO PEREIERA BUILDING,DADA VIADYA ROAD, OPP JAMA MASZID ROAD,PANJIM,Tel - 2426870, 2426871, 2426872; Kotak Sec ., 2ND Floor,Gurusai Plaza,Isidoria Baptista Road,Margao,P: 6624833; Standard Chartered ,Attn : Rajesh Naik,15, 16 & 17, Haroons Arcade, Magnum Center, 1st Floor, M. G. Road, Panaji, Goa - 403001. ,Tel -9822588602; Sharekhan Ltd,F49/F50, 1st Floor, ‘B’ Block, Alfran Plaza, M.G. Road, Panaji, Goa - 403001,Tel - 0832- 2421460; RAIPUR :RAJAHMUNDRY : ICICI Sec ,Mr. RAJU MP,Door No: 46-22-11, Karrisu Reddy Plaza, Danavaipeta, East Godavari District,,RAJAHMUNDRY - 533103; KARVY,D NO 6-1-4, 1ST FLOOR,RANGACHARY, T NAGAR,RAJAHMUNDRY,Tel - 2434468,69,70; RAJKOT : Bajaj , Prathibha Complex, Moti Tanki Chowk, Rajkot – 360001, Ph: 0281-6450135, 37; Enam Sec, 308, 3rd Floor, Tower Commercial Complex, Jawahar Complex, Tel– 2226383/384; ICICI Sec ,Mr. MANISH SAVALIYA,1st Floor, Shantiniketan Complex ,150 Feet Ring Road, RAJKOT - 360007; JM Financial , Mr. Sona Verghese, 202 Solitaire, 2nd Floor, Swami Vivekananda Marg, Ramkrishna Nagar,Ph:0281-3984000/3984101; KARVY,104, SIDDHIVINAYAK COMPLEX,DR. YAGNIK ROAD, OPP. RAMKRISHNA ASHRAM,RAJKOT,Tel - 3291043, 3291042, 2239338; Kotak Sec ., Nath Complex,

RANCHI : Eureka , G-2, Qtr, Shree Gopal Complex, Court Road, Tel – 06512200230/2209646; ICICI Sec ,Mr. SATYA SAURABH,First Floor, Ranchi ClubComplex , Main Road,RANCHI - 834001; KARVY,203,”COMMERCE TOWERS”, 2ND FLOOR,BESIDE MAHABIR TOWERS , MAIN ROAD,RANCHI,Tel - 2330386, 2330394, 2330320; Kotak Sec ., Shop no. 24 & 25, 2nd Floor, A.C. Market, G.E.L. Church Complex, Main Road, P:2200860; Sharekhan Ltd,Shree Gopal Complex,4th Floor,Room No I,Court Road,Ranchi,834001,Tel - 0651-2208205 / 2309156 ; ROURKELA :KARVY,PLOT NO.554, 1ST FLOOR, SANDHU COMPLEX,KACHERY ROAD, UDIT NAGAR,ROURKELA,Tel - 2510770, 2510771, 2510772; SALEM : Bajaj , 22, GF, Omalur Main Road, SALEM – 636009, Ph: 0427 - 6452565, 6452566; ICICI Sec ,Mr. KARUPPAIAN C,1st floor, 270/1, Bharathi Street, Swarnapuri,,SALEM - 636004; KARVY,40, BRINDAVAN ROAD,5th cross,FAIR LANDS,SALEM,Tel - 2335701,02,03,04,05; KotakSec ., 5/241, F Rathna Arcade Five Road,Meyyanur,P: 2335476; Sharekhan Ltd,Sri Ganesh Tower,561,2nd Floor,Saradha College Main Road,Salem - 636007,Tel - 0427 - 6454864 / 65/ 66; SURAT : Bridge,SURAT - 395001;ICICI Sec ,Mr. BHAVIN PATEL,G/10, 11, 12 Sarthi Complex, Hira Baug, Warachha,SURAT - 395006;ICICI Sec ,Mr. KULDEEP SINGH,Shop No.35,36 & 37,2Nd Floor, Shreeji Arcade Complex Anand Mahal Road,Adjan Road,SURAT - 395009; JM Financial , Mr. Dipen Shah/Mr. Nishant Trivedi, 407, 4th Floor, 21 Century Business Centre, Ring Road, Ph:0261-3984000; KARVY,G-16, EMPIRE STATE BUILDING,NEAR UDHANA DARWAJA,RING ROAD,SURAT,Tel - 3017155 - 52; Kotak Sec ., Kotak House, K G Point, 1st Floor, Nr.Ganga Palace, Ghoddod Road.P: 2254553; RR Equity, 9-Ravi Raj Society, Behind Gayatri Mandir,New City Light Road Surat Gujarat 395002 0261-2265818, 9925233692; Standard Chartered ,Attn : Dharmesh Prajapati,U-18,Upper Ground Floor, Jolly Plaza, Athwagate, Surat – 395001 ,Tel - 9913166765;Sharekhan Ltd,M-1 to 6,Jolly Plaza, Mezzanine Floor, Athwa Gate, Surat - 395 001,Tel - 0261 - 6560310 - 6560314; SILIGURI : Bajaj , 3rd Floor, Jatin Das Sarani, Ashram Para, Siliguri, Siliguri – 734001, Ph: 9641831375; Eureka , 2nd Floor, Metro Plaza, S.F. Road, Khalpara, Silliguri – 734405, Tel – 9832379189; KARVY,NANAK COMPLEX,2ND FLOOR, SEVOKE ROAD,SILIGURI,Tel - 2526393, 2526394; Kotak Sec ., Nanak Complex,2nd Floor, Sevok Road ; Standard Chartered ,Attn : Ratnesh Shukla,Pratap Market, 1st floor, Sevoke Road, Siliguri - 734401. ,Tel - 9614433804 / 9735099233; SHIMLA : KARVY,TRIVENI BUILDING, BY PAS CHOWK,KHALLINI,SHIMLA,Tel - 2003205 / 2623205 / 2624453; SHIMOGA : KARVY,NO.8-50/A, LLR ROAD; OPP: TELECOM GMS OFFICE,DURGIGUDI,SHIMOGA,Tel - 228795,96,97,226747; SHILLONG : KARVY,MANIBHAWAN ANNEX, THANE ROAD,OPP: RKM ELP SCHOOL, LOWER POLICE BAZAR,SHILLONG,Tel - 2224186 / 75 / 8172; THANE – MUMBAI :

TRICHUR : Bajaj , VIII/78/9, Bharatha Kshemam Building, Next to SBI ATM, College Road, East Fort, Thrissur – 680005. Ph: 0487-6451533, 70; ICICITIRUPATI : ICICI Sec ,Mr. VENKATA VENKUMAHANTHI,Gr.Flr D/o: 19-3-12/J4, Ramanuja Circle,

Tirchanoor Road,,TIRUPATI - 517501; KARVY,NO16FIRST FLOOR, RC ROAD,0,TIRUPATI,Tel - 2252756; TIRUPUR : TRICHY : ICICI Sec ,Mr. SADIQ BASHA,Gr. Floor, No. B14Colony Main Road, Thillai Nagar,TRICHY- 620017; KARVY,SRI KRISHNA ARCADE,60, THENNUR HIGH ROAD, THENNUR,TRICHY,Tel - 2791322 / 2798200 91000 ; Kotak Sec ., C-56,1-24-4th cross, Thillai Nagar; TRIVANDRUM : Bajaj , Edamala Plaza, TC 14/999 Vellayambalam Road, Vazahuthacadu Sasthamangalam Post, Thiruvananthapuram – 695010, Ph: 0491-6450176; ICICI Sec ,Mr. ARYA VIJAYAN,2 Nd Floor,Kamala Towers , Vazhuthacaud,,TRIVANDRUM- 695014; KARVY,2ND FLOOR, AKSHAYA TOWERS,SASTHAMANGALAM,TRIVANDRUM,Tel - 2725989 / 90 / 91; Kotak Sec ., Mahesh Estates, 2nd Floor, T L -15/1805, Vazhuthacadu, P: 2337423; UDAIPUR : ICICI Sec ,Mr. ANKIT BHATNAGAR,Sf, 5C, Madhuvan, ,UDAIPUR - 313001; KARVY,201-202, MADHAV CHAMBERS,OPP: GPO MADHUBAN,UDAIPUR,Tel - 5101601 / 5101602; Kotak Sec ., 222/12, Ist Floor, MumalTowers, Saheli Marg, P: 513901; Standard Chartered ,Attn : Lalit Soni,Abhay Niwas, 5, 1st Floor, Residency Road, Udaipur - 313001. ,Tel - 8104191453; Sharekhan Ltd,4 BHATT JI KI BARI,UDAIPUR,,Tel - 0294-2426945 ; UJJAIN : KARVY,101, ASTHA TOWER, 13/1, DHANWANTARY MARG,FREEGANJ,UJJAIN,Tel - 4250001 TO 4250010; VADODARA : Bajaj , 129 Siddharth Complex, R C Dutt Road, Vadodara – 390007, Ph:0265 – 3088162; Centrum ,Mr. Nikunj Amin,122 Dwarkesh Complex, R C Dutt Road, Vadodara - 390 007.,Tel - 0265-2353603/ 09879298550; Enam Sec, GF 9, Silverline Towers, Sayajiganj, Tel – 3026945/46; Enam Sec, 642, Fortune Towers, Sayajiganj, Tel – 2225412;ICICI Sec ,Mr. TUSHAR DAVE,Ground Floor, Gardenview Chambers, Sayajiganj,VADODARA - 390005;ICICI Sec ,Mr. HARSHIL DESAI,Amrapali Complex, 1St Floor,Shop No. 142, 143, 144, 145, 146, Water Tank Road, Karelibaug.,VADODARA - 390018;ICICI Sec ,Mr. BHUMISH PATEL,Rutukalash Complex, Gr Floor, Shop No 7,8,9 Tulsidham Char rasta, Manzalpur,VADODARA - 390011;ICICI Sec ,Mr. HITESH PARMAR,1St Floor, Gokulesh Ii, 96 Sampatrao Colony,R.C.Dutta Road Alkapuri.,VADODARA - 390007; JM Financial , Mr. Ghanshyam Vyas, G1Ground Floor, Shohan, 49 Alkapuri Society,Alkapuri, Ph:0265-3984 311; KARVY,B -3,Mangaldeep complex,,Opp,Masonic hall,Productivity Road,,,VADODARA,Tel - 2322864 / 3243348;KARVY,T-2, 3RD FLOOR “SAVOY” COMPLEX, HARIBHAKTI EXTN,,OPP. ABS TOWER, OLD PADRA ROAD,VADODARA,Tel - 6456183 / 6456186; Kotak Sec ., 216, Meghdhanush Complex, Race Course Road (South),P: 2314455; RR Equity, 222 Siddharth Complex,RC DuttaRoad.,Vadodra- 390007 0265-3256190/2353195; Standard Chartered ,Attn : Dipen Shah,F-101, Savoy Complex, Old Padra Road, Vadodara - 390020. ,Tel - 9825533141; Sharekhan Ltd,6-8/12,Sakar Complex,1st Floor,Opp ABS Tower,Haribhakti Extension,Old Padra Road,Vadodara-390015,Tel - 0265 - 2322938 ; VALSAD : KARVY,SHOP NO.2, PHIROZA CORNER,TITHAL CROSS ROAD,VALSAD,Tel - 326901, 326902;VARANASI : Bajaj , D-58/53-54, 1st Floor, Shiva Complex, Rath Yatra Crossing, Varanasi – 221010, Ph: 0265-6450181; ICICI Sec ,Mr. SAPNA TIWARI,21/2A, 1St Floor, Karnachha Rathyatra Road,,VARANASI - 221001; KARVY,D 64 / 132, KA, 1ST FLOOR,”ANANT COMPLEX”, SIGRA,VARANASI,Tel - 2225365 / 2227257; RR Equity, Shop no. 38, Ground Floor Kuber Complex, Rath Yatra 9415201997; VASCO : KARVY,B-2,1ST FLOOR, RAGHUNATH APARTMENTS,OPP: AUTO SERVICE, F L GOMES ROAD,VASCO - GOA,Tel - 2518019, 2518020; VIJAYAWADA : OPP: MUNICIPAL WATER TANK,LABBIPET,VIJAYAWADA,Tel - 2495200 / 400 / 500 ; Kotak Sec ., 40-1-48/1, Labbipet, M.G.Road,P: 6649061; Sharekhan Ltd,Centurian Plaza, D. No: 40-1-129, 2nd floor, Old coolex Building, M.G. Road, Vijaywada,520 010,Tel - 0866-6629993; VISAKHAPATNAM : Bajaj , Door No. 10-1-125, 1ST Floor, Asilmetta Junction, Beside Prasad Labs, Visakhapatnam – 530003, Ph: 0891-6461773, 74;

Nagar, P: 6642009; Standard Chartered ,Attn : Vithalacharya Peddinti,Vijayalakshami Nilayam, 1st Floor, 10-50-81, Rock Dale Layout, Waltair Main Road, Visakhapatnam - 530002. ,Tel - 9032476139; Sharekhan Ltd,28-2-46, Second Floor, Daspalla Complex, Suryabagh, Visakhapatnam - 530020,Tel - 022- 6643297;

NRI APPLICANTS SEEKING ALLOTMENT OF BONDS IN PHYSICAL FORM SHALL SUBMIT THE APPLICATIONS ONLY AT : MUMBAI, DELHI, AHMEDABAD, HYDERABAD, CHENNAI, BANGALORE, CHANDIGARH AND KOCHI.

IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

4 INDIAN RAILWAY FINANCE CORPORATION LIMITED

GENERAL INSTRUCTIONS

TERMS OF THE ISSUEThe Bonds being offered as part of the Tranche – 1 Issue and are subject to the provisions of the SEBIDebt Regulations, the Companies Act, CBDT Notification No. 52/2011.F.No. 178/56/2011-(ITA.1) datedSeptember 23, 2011, the terms of the Shelf Prospectus, the Tranche Prospectus, the Application Form,the terms and conditions of the Trustee Agreement and the Debenture Trust Deed, other applicablestatutory and/or regulatory requirements including those issued from time to time by SEBI/the GoI /RBI/BSE/NSE, and/or other statutory/regulatory authorities relating to the offer, issue and listing of securitiesand any other documents that may be executed in connection with the Bonds.1. Authority for the Issue: The GoI, by virtue of power conferred upon it under Section 10(15)(iv)(h) of theIncome Tax Act, 1961, has issued Notification No. 52/2011.F.No. 178/56/2011-(ITA.1) dated September23, 2011 authorising the Company to issue the said Bonds upto an aggregate amount of ` 10,00,000 lakhsduring the financial year 2011-12. The Company has already raised secured tax free, redeemable, non-cumulative, non-convertible bonds through private placement route, aggregating to ` 73,111 lakhs. Thedeemed date of allotment was November 8, 2011 and the date of refund was December 1, 2011. Thelisting and trading in these bonds have commenced on NSE and BSE from December 11, 2011 andDecember 8, 2011 respectively. Thus, the Company shall issue Bonds upto an aggregate amount of `6,30,000 lakhs through this Issue during the financial year 2011-12 out of the total permissible amountof ` 10,00,000 lakhs, as approved by its Board through its resolution dated January 10, 2012.2. Issue and Status of Bonds: 2.1. Public Issue of Tax Free Secured Redeemable Non Convertible Bondsin the nature of Debentures having tax benefits under Section 10(15) (iv) (h) of the Income Tax Act, 1961not exceeding ` 6,30,000 lakhs at par in one or more tranches in the financial year 2011-12. 2.2. The Bondsshall be secured pursuant to a Debenture Trust Deed and underlying security documents. The Bondholdersare entitled to the benefit of the Debenture Trust Deed and are bound by and are deemed to have noticeof all the provisions of the Debenture Trust Deed. 2.3. The Company is issuing the Bonds in accordancewith the Notification No. 52/2011.F.No. 178/56/2011-(ITA.l) dated September 23, 2011 issued by CBDT.2.4. The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible bonds in thenature of debentures. 2.5. The claims of the Bondholders shall rank pari-passu inter-se and shall besuperior to the claims of any unsecured creditors of the Company and subject to applicable statutory and/or regulatory requirements, rank pari passu to the claims of creditors of the Company secured againstcharge on the movable assets comprising of rolling stock such as wagons, locomotives and coaches.3. Form, Face Value, Title and Listing etc.: 3.1.1. Form of Allotment: The Allotment of the Bonds shall bein a dematerialized form as well as physical form. The Company has made depository arrangements withCDSL and NSDL for the issuance of the Bonds in dematerialized form, pursuant to the tripartite agreementdated May 8, 2003 among the Company, CDSL and the Registrar to the Issue and the tripartite agreementdated January 23, 2002 among the Company, NSDL and the Registrar to the Issue (collectively, “TripartiteAgreements”). The Company shall take necessary steps to credit the Depository Participant account of theApplicants with the number of Bonds allotted in dematerialized form. The Bondholders holding the Bondsin dematerialised form shall deal with the Bonds in accordance with the provisions of the Depositories Act,1996 (“Depositories Act”) and/or rules as notified by the Depositories from time to time. 3.1.2. The Bondholdersmay rematerialize the Bonds issued in dematerialized form, at any time after Allotment, in accordancewith the provisions of the Depositories Act and/or rules as notified by the Depositories from time to time.3.1.3. In case of Bonds issued in physical form, whether on Allotment or on rematerialization of BondsAllotted in dematerialized form, the Company will issue one certificate for each Series of the Bonds tothe Bondholder for the aggregate amount of the Bonds that are held by such Bondholder (each suchcertificate, a “Consolidated Bond Certificate”). In respect of the Consolidated Bond Certificate(s), theCompany will, on receipt of a request from the Bondholder within 30 days of such request, split suchConsolidated Bond Certificate(s) into smaller denominations in accordance with the applicable regulations/rules/act, subject to a minimum denomination of one Bond. No fees will be charged for splitting anyConsolidated Bond Certificate(s) and any stamp duty, if payable, will be paid by the Bondholder. Therequest to split a Consolidated Bond Certificate shall be accompanied by the original Consolidated BondCertificate(s) which will, on issuance of the split Consolidated Bond Certificate(s), be cancelled by theCompany. 3.2.Face Value: The face value of each Bond is ` 1,000. 3.3.Title: 3.3.1In case of: i)Bond(s) heldin the dematerialized form, the person for the time being appearing in the register of beneficial ownersmaintained by the Depositories; and ii) Bond(s) held in physical form, the person for the time beingappearing in the Register of Bondholders (as defined below) as Bondholder, shall be treated for allpurposes by the Company, the Debenture Trustee, the Depositories and all other persons dealing withsuch person as the holder thereof and its absolute owner for all purposes whether or not it is overdue andregardless of any notice of ownership, trust or any interest in it or any writing on, theft or loss of theConsolidated Bond Certificate issued in respect of the Bonds and no person will be liable for so treatingthe Bondholder. 3.3.2. No transfer of title of a Bond will be valid unless and until entered on the Registerof Bondholders or the register of beneficial owners, maintained by the Depositories and/or the Companyor the Registrar to the Issue prior to the Record Date. In the absence of transfer being registered, interestand/or Maturity Amount, as the case may be, will be paid to the person, whose name appears first in theRegister of Bondholders or register of beneficial owners maintained by the Depositories and/or theCompany and/or the Registrar to the Issue, as the case may be. In such cases, claims, if any, by thepurchasers of the Bonds will need to be settled with the seller of the Bonds and not with the Companyor the Registrar to the Issue. 3.4. Listing: The Bonds will be listed on NSE and BSE. NSE and BSE havegiven their in-principle listing approval by their letters no. NSE/LIST/157151-7 and no. DCS/SP/PI-BOND/07/11-12, respectively, both dated January 19, 2012. The Designated Stock Exchange for the Issueis NSE. 3.5. Market Lot: 3.5.1. The Bonds shall be allotted in physical as well as dematerialized form. Asper the SEBI Debt Regulations, the trading of the Bonds shall be in dematerialised form only. Since, thetrading of Bonds is in dematerialize form, tradable lot is one Bond (“Market Lot”). 3.5.2. For details ofAllotment, see “Issue Structure” beginning on page 32 of Prospectus Tranche - 1. 3.6. Procedure forRematerialisation of Bonds: Bondholders who wish to hold the Bonds in physical form, after having optedfor allotment in dematerialised form may do so by submitting a request to their Depository Participant, inaccordance with the applicable procedure stipulated by the Depository Participant.4. Transfer of the Bonds, Issue of Consolidated Bond Certificates, etc.: 4.1. Register of Bondholders: TheCompany shall maintain at its registered office or such other place as permitted by section 152A of theCompanies Act a Register of Bondholders containing such particulars of the legal owners of the Bonds.Further, the register of beneficial owners maintained by Depositories for any Bond in dematerialized formunder Section 11 of the Depositories Act shall also be deemed to be a Register of Bondholders for thispurpose. 4.2. Transfers: 4.2.1 Transfer of Bonds held in dematerialized form: In respect of Bonds held in thedematerialized form, transfers of the Bonds may be effected, only through the Depositories where suchBonds are held, in accordance with the provisions of the Depositories Act and/or rules as notified by theDepositories from time to time. The Bondholder shall give delivery instructions containing details of theprospective purchaser’s Depository Participant’s account to his Depository Participant. If a prospectivepurchaser does not have a Depository Participant account, the Bondholder may rematerialize his or herBonds and transfer them in a manner as specified in 4.2.2 below. 4.2.2 Transfer of Bonds in physical form:The Bonds may be transferred by way of a duly executed transfer deed or other suitable instrument oftransfer as may be prescribed by the Company for the registration of transfer of Bonds. Purchasers of Bondsare advised to send the Consolidated Bond Certificate to the Company or to such persons as may benotified by the Company from time to time. If a purchaser of the Bonds in physical form intends to holdthe Bonds in dematerialized form, the Bonds may be dematerialized by the purchaser through his or herDepository Participant in accordance with the provisions of the Depositories Act and/or rules as notifiedby the Depositories from time to time. 4.3. Formalities Free of Charge: Registration of a transfer of Bondsand issuance of new Consolidated Bond Certificates will be effected without charge by or on behalf of theCompany, but on payment (or the giving of such indemnity as the Company may require) in respect of anytax or other governmental charges which may be imposed in relation to such transfer, and the Companybeing satisfied that the requirements concerning transfers of Bonds, have been complied with. 4.4 DebentureRedemption Reserve (“DRR”): Regulation 16 of the SEBI Debt Regulations and Section 117C of theCompanies Act requires any company that intends to issue debentures to create a DRR to which adequateamounts shall be credited out of the profits of the Company till the redemption of the debentures. Further,the Ministry of Company Affairs (“MCA”) has, through its circular dated April 18, 2002, specified that NBFCswhich are registered with the RBI under Section 45-IA of the RBI Act, 1934 shall create a DRR to the extentof 50% of the value of the debentures issued through public issue. Accordingly, the Company shall createDRR of 50% of the value of Bonds issued and allotted in terms of the Tranche Prospectus(es), for theredemption of the Bonds. The Company shall credit adequate amounts to the DRR from its profits everyyear until the Bonds are redeemed. The amounts credited to the DRR shall not be utilized by the Companyfor any purpose other than for the redemption of the Bonds.5. Application Amount: The Bonds are being issued at par and full amount of face value per Bond ispayable on application. Eligible Applicants can apply for any amount of the Bonds subject to a minimumapplication size of ten Bonds, across any of the series(s) and in multiples of five bonds thereafter. TheApplicants will be allotted the Bonds in accordance with the Basis of Allotment.6. Deemed Date of Allotment: The Deemed Date of Allotment for the Bonds shall be the date as may bedetermined by the Board of the Company/ Committee of Directors and notified to the Stock Exchanges.All benefits under the Bonds including payment of interest will accrue to the Bondholders from theDeemed Date of Allotment. Actual Allotment may occur on a date other than the Deemed Date ofAllotment.7. Subscription: 7.1 Period of Subscription: The Issue shall remain open for the period mentioned below:

ISSUE OPENS ON FRIDAY, JANUARY 27, 2012ISSUE CLOSES ON FRIDAY, FEBRUARY 10, 2012

The subscription list for the Issue shall remain open for subscription at the commencement of bankinghours and close at the close of banking hours, with an option for early closure (subject to the Issue beingopen for a minimum of 3 days) or extension by such period, upto a period of 30 days from the date of

opening of the Issue, as may be decided by the Board of Directors/ Committee of the Company, subjectto necessary approvals, if any. In the event of such early closure of the subscription list of the Issue, ourCompany shall ensure that public notice of such early closure is published on or before such early date ofclosure through advertisement/s in a leading national daily newspaper. 7.2 Underwriting: The Issue is notunderwritten. 7.3 Minimum Subscription: In terms of the SEBI Debt Regulations, an issuer undertaking apublic issue of debt securities may disclose the minimum amount of subscription that it proposes to raisethrough the issue in the offer document. The Company has decided not to stipulate minimum subscriptionamount for this Issue.8. Interest: 8.1. Interest: For all the categories the Tranche 1 and Series I Bonds and Tranche 1 and SeriesII Bonds shall carry interest at the coupon rate of 8.00% p.a. and 8.10% p.a., respectively, payable annuallyfrom, and including, the Deemed Date of Allotment up to, but excluding their respective Maturity Dates,payable on the “Interest Payment Date” (as specified in the Prospectus Tranche – 1), to the Bondholdersas of the relevant Record Date. However, an additional interest at the rate of 0.15% p.a. and 0.20% p.a.shall be payable to the allottees under Category III for the Tranche 1 and Series I Bonds and Tranche 1and Series II Bonds respectively. Accordingly, the Tranche 1 and Series I Bonds and Tranche 1 and SeriesII Bonds allotted to Category III investors, shall carry an aggregate coupon rate of 8.15% p.a. and 8.30%p.a., respectively, payable annually from, and including, the Deemed Date of Allotment up to, butexcluding their respective Maturity Dates, payable on the “Interest Payment Date” (as specified in theProspectus Tranche – 1), to the Bondholders as of the relevant Record Date. The effective yield to CategoryIII investors would be 8.15% p.a. and 8.30% p.a. for the Tranche 1 and Series I Bonds and Tranche 1 andSeries II Bonds respectively. Please note that the aforesaid additional interest of 0.15% p.a. and 0.20%p.a., shall only be available to the original allottees and shall not be available in the following instances:1. In case the Bonds are sold and/or transferred by the original allottee the transferee will not be entitledto receive the interest at the coupon rate of 8.15% p.a. and 8.30% p.a., for the Tranche 1 and Series I Bondsand Tranche 1 and Series II Bonds respectively and shall only be entitled to receive the interest at thecoupon rate of 8.00% p.a. and 8.10% p.a., for the Tranche 1 and Series I Bonds and Tranche 1 and SeriesII Bonds respectively. However, in case of any transfer by a permanently disabled allottee to their legalheir(s), the transferee shall continue to be entitled to receive interest at the coupon rate of 8.15% p.a. and8.30% p.a., for the Tranche 1 and Series I Bonds and Tranche 1 and Series II Bonds respectively; and 2.Where the Bonds are held in joint names and subsequently there is a change in the sequence of the namesof the joint holders, the joint holders subsequent to such change in sequence of names, will no longer beentitled to receive the interest at the coupon rate of 8.15% p.a. and 8.30% p.a., for the Tranche 1 and SeriesI Bonds and Tranche 1 and Series II Bonds respectively and shall only be entitled to receive the interestat the coupon rate of 8.00% p.a. and 8.10% p.a., for the Tranche 1 and Series I Bonds and Tranche 1 andSeries II Bonds respectively. However, in case of change in name of any of the joint holders, such jointholders shall continue to be entitled to receive interest at the coupon rate of 8.15% p.a. and 8.30% p.a.,for the Tranche 1 and Series I Bonds and Tranche 1 and Series II Bonds respectively. However in case oftransmission of the Bond(s) in accordance with the articles of association of the Company, to the nomineein the event of demise of the Bondholder (single or joint holders) who was originally allotted Bonds underCategory III, the new Bondholder (single or joint holders) shall continue to be entitled to receive interestat the coupon rate of 8.15% p.a. and 8.30% p.a., for the Tranche 1 and Series I Bonds and Tranche 1 andSeries II Bonds respectively. Please note that for the purpose of classifying the investors into variouscategories, the applications will be consolidated on the basis of PAN. Consequent to such consolidationof applications, if an Applicant falls in any category other than Category III, such Applicant will not beentitled to the additional interest at the rate of 0.15% p.a. and 0.20% p.a. for Tranche 1 Series I Bondsand Tranche 1 Series II Bonds respectively. 8.2. Day Count Convention: Interest shall be computed on anactual/actual basis on the principal outstanding on the Bonds. 8.3. Interest on Application Money: 8.3.1Interest on application monies received which are used towards allotment of Bonds: We shall pay interest onthe amount for which Bonds are allotted to the Applicants subject to deduction of income tax under theprovisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque(s)/demanddraft(s) or 3 (three) days from the date of banking of the application (being the date of submission of eachapplication as duly acknowledged by the Bankers to the Issue) whichever is later upto one day prior to theDeemed Date of Allotment, at the rate of 8.00% per annum. We may enter into an arrangement with oneor more banks in one or more cities for direct credit of interest to the account of the applicants. Alternatively,the interest warrant will be dispatched along with the Letter(s) of Allotment at the sole risk of the Applicant,to the sole/first Applicant. 8.3.2 Interest on application monies received which are liable to be refunded: Weshall pay interest on application money which is liable to be refunded to the Applicants in accordance withthe provisions of the SEBI Debt Regulations, or other applicable statutory and/or regulatory requirements,subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, asapplicable, from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the dateof receipt of the application (being the date of presentation of each application as acknowledged by theBankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rateof 4% per annum. Such interest shall be paid along with the monies liable to be refunded. Interest warrantwill be dispatched/credited (in case of electronic payment) along with the Letter(s) of Refund at the solerisk of the applicant, to the sole/first applicant. Provided that, notwithstanding anything containedhereinabove, the Company shall not be liable to pay any interest on monies liable to be refunded in caseof (a) invalid applications or applications liable to be rejected, and/or (b) applications which are withdrawnby the applicant. See “Rejection of Application” at page 61 of Prospectus Tranche - 1.9. Redemption: 9.1 The face value of the Bonds will be redeemed at par, on the respective Maturity Datesof each of the Bond Series. 9.2 Procedure for Redemption by Bondholders: The procedure for redemptionis set out below: 9.2.1 Bonds held in electronic form: No action is required on the part of Bondholders atthe time of maturity of the Bonds. 9.2.2 Bonds held in physical form: No action will ordinarily be requiredon the part of the Bondholder at the time of redemption, and the Maturity Amount will be paid to thoseBondholders whose names appear in the Register of Bondholders maintained by the Company on theRecord Date fixed for the purpose of redemption. However, the Company may require the ConsolidatedBond Certificate(s), duly discharged by the sole holder or all the joint-holders (signed on the reverse of theConsolidated Bond Certificate(s)) to be surrendered for redemption on Maturity Date and sent by theBondholders by registered post with acknowledgment due or by hand delivery to the Registrar to the Issueor the Company or to such persons at such addresses as may be notified by the Company from time to time.Bondholders may be requested to surrender the Consolidated Bond Certificate(s) in the manner statedabove, not more than three months and not less than one month prior to the Maturity Date so as to facilitatetimely payment.10. Payments: 10.1 Payment of Interest on Bonds: Payment of interest on the Bonds will be made to thoseBondholders whose name appears first in the Register of Bondholders or the register of beneficial ownersmaintained by the Depositories and/or the Company and/or the Registrar to the Issue, as the case may beas, on the Record Date. 10.2 Record Date: The record date for the payment of interest or the Maturity Amountshall be 15 days prior to the date on which such amount is due and payable or such other date as may benotified by the Company (“Record Date”). In case of redemption of Bonds, the trading in the Bonds shallremain suspended between the Record Date and the date of redemption. 10.3 Effect of holidays onpayments: If the date of interest payment or redemption falls on a Saturday, Sunday or a public holidayin Delhi or any other payment centre notified in terms of the Negotiable Instruments Act, 1881, thesucceeding Working Day will be considered as the effective date. In case the date of payment of interestor principal or any date specified falls on a holiday, the payment will be made on the next Working Day,without any interest for the period overdue. 10.4.Whilst the Company will use the electronic mode formaking payments, where facilities for electronic mode of payments are not available to the Bondholderor where the information provided by the Applicant is insufficient or incomplete, the Company proposesto use other modes of payment to make payments to the Bondholders, including through the dispatch ofcheques through courier, or registered post to the address provided by the Bondholder and appearing inthe Register of Bondholders or the register of beneficial owners maintained by the Depositories and/or theCompany and/or the Registrar to the Issue, as the case may be as, on the Record Date. In the case ofpayment on maturity being made on surrender of the Consolidated Bond Certificate(s), the Company willmake payments or issue payment instructions to the Bondholders within 30 days from the date of receiptof the duly discharged Consolidated Bond Certificate(s). The Company shall pay interest in accordancewith applicable laws, over and above the coupon rate of the relevant Bonds, in the event that suchpayments are delayed beyond a period of eight days after the Company becomes liable to pay suchamounts. 10.5 The Company’s liability to the Bondholders including for payment or otherwise shall standextinguished from the Maturity Date or on dispatch of the amounts paid by way of principal and/or interestto the Bondholders. Further, the Company will not be liable to pay any interest, income or compensationof any kind accruing subsequent to the Maturity Date.11. Manner and Mode of Payment: 11.1 Manner of Payment: All payments to be made by the Company to theBondholders shall be made in any of the following manners: 11.1.1 For Bonds applied or held in electronicform: The bank details will be obtained from the Depositories for payments. Investors who have appliedor who are holding the Bond in electronic form, are advised to immediately update their bank accountdetails as appearing on the records of their Depository Participant. Failure to do so could result in delaysin credit of the payments to Investors at their sole risk and neither the Lead Managers nor the Companyshall have any responsibility and undertake any liability for such delays on part of the Investors. 11.1.2 ForBonds held in physical form: The bank details will be obtained from the Registrar to the Issue for effectingpayments. 11.2 Modes of Payment: The mode of interest/refund/redemption payments shall be undertakenin the following order of preference: 11.2.1 Direct Credit: Applicants having bank accounts with the RefundBank, as per the demographic details received from the Depositories shall be eligible to receive refundsthrough direct credit. Charges, if any, levied by the Refund Bank for the same would be borne by theCompany. 11.2.2 NECS: Through NECS for Applicants having an account at any of the centers notifiedby the RBI. This mode of payment will be subject to availability of complete bank account details includingthe Magnetic Ink Character Recognition (“MICR”) code as appearing on a cheque leaf, from the Depositories.The Company shall not be responsible for any delay to the Bondholder receiving credit of interest or refundor Maturity Amount so long as the Company has initiated the process in time. 11.2.3 Real Time GrossSettlement (“RTGS”): Applicants having a bank account with a bank branch which is RTGS enabled as perthe information available on the website of RBI and whose payment amount exceeds ` 2.00 lacs shall beeligible to receive refund through RTGS, provided the demographic details downloaded from theDepositories contain the nine digit MICR code of the Applicant’s bank which can be mapped with the RBIdata to obtain the corresponding Indian Financial System Code (“IFSC”). Charges, if any, levied by theRefund Bank for the same would be borne by us. Charges, if any, levied by the Applicant’s bank receivingthe credit would be borne by the Applicant. 11.2.4 National Electronic Fund Transfer (“NEFT”): Payment ofrefund shall be undertaken through NEFT wherever the Applicants’ bank branch is NEFT enabled and hasbeen assigned the IFSC, which can be linked to an MICR code of that particular bank branch. IFSC Codewill be obtained from the website of RBI as on a date prior to the date of payment of refund, duly mappedwith an MICR code. Wherever the Applicants have registered their MICR number and their bank accountnumber while opening and operating the beneficiary account, the same will be duly mapped with the IFSC

Code of that particular bank branch and the payment will be made to the Applicants through this method.The process flow in respect of refunds by way of NEFT is at an evolving stage and hence use of NEFT issubject to operational feasibility, cost and process efficiency and the past experience of the Registrar tothe Issue. In the event NEFT is not operationally feasible, the payment would be made through any oneof the other modes discussed in this section. 11.2.5 Cheques or Demand drafts: By cheques or demand draftsmade in the name of the Bondholders whose names appear in the Register of Bondholders as maintainedby the Company and/or as provided by the Depositories. All Cheques or demand drafts as the case maybe, shall be sent by registered/speed post at the Bondholder’s sole risk. 11.3 Printing of Bank Particulars:As a matter of precaution against possible fraudulent encashment of refund orders and interest/redemptionwarrants due to loss or misplacement, the particulars of the Applicant’s bank account are mandatorilyrequired to be provided for printing on the orders/warrants. Applications without these details are liableto be rejected. However, in relation to Applications for dematerialised Bonds, these particulars wil l betaken directly from the Depositories. In case of Bonds held in physical form either on account ofrematerialisation or transfer, the Bondholders are advised to submit their bank account details with theRegistrar to the Issue before the Record Date, failing which the amounts will be dispatched to the postaladdress of the Bondholders. Bank account particulars will be printed on the orders/warrants which can thenbe deposited only in the account specified.12. Special Tax Benefit: For the details of tax benefits, see section titled “Statement of Tax Benefits” on page25 of Prospectus Tranche - 1.13. Taxation: The Bonds are tax free in nature and the interest on the Bonds will not form part of the total income.For further details, see section titled “Statement of Tax Benefits” on page 25 of Prospectus Tranche - 1.14. Security: The Bonds issued by the Company will be secured by creating a charge on the movable assetsof the Company comprising of rolling stock such as wagons, locomotives and coaches by a pari passucharge, present and future, as may be agreed between the Company and the Debenture Trustee, pursuantto the terms of the Debenture Trust Deed. The Company will create security in favour of Debenture Trusteepursuant to the terms of Shelf Prospectus/ Tranche Prospectus(es).15. Events of Default: 15.1 The Debenture Trustee at its discretion may, or if so requested in writing by theholders of not less than 75% in principal amount of the Bonds then outstanding or if so directed by a specialresolution shall (subject to being indemnified and/or secured by the Bondholders to its satisfaction), givenotice to the Company specifying that the Bonds and/or any particular series of Bonds, in whole but notin part are and have become due and repayable at the early redemption amount on such date as may bespecified in such notice inter alia if any of the events listed in 15.2 below occur. 15.2 The complete list ofevents of default shall be as specified in the Debenture Trust Deed. 15.3 The early redemption amountpayable on the occurrence of an event of default shall be as detailed in the Debenture Trust Deed. 15.4If an event of default occurs which is continuing, the Debenture Trustee may with the consent of theBondholders, obtained in accordance with the provisions of the Debenture Trust Deed, and with a priorwritten notice to the Company, take action in terms of the Debenture Trust Deed. 15.5 In case of defaultin the redemption of Bonds, in addition to the payment of interest and all other monies payable hereunderon the respective due dates, the Company shall also pay interest on the defaulted amounts.16. Bondholder’s Rights, Nomination, etc.: 16.1 Rights of Bondholders: Some of the significant rightsavailable to the Bondholders are as follows: a) The Bonds shall not, except as provided in the CompaniesAct, confer on Bondholders any rights or privileges available to members of the Company including theright to receive notices or annual reports of, or to attend and / or vote, at the Company’s general meeting(s).However, if any resolution affecting the rights of the Bondholders is to be placed before the shareholders,such resolution will first be placed before the concerned registered Bondholders for their consideration.In terms of Section 219(2) of the Companies Act, Bondholders shall be entitled to a copy of the balancesheet on a specific request made to the Company. b) The rights, privileges and conditions attached to theBonds may be varied, modified and/or abrogated with the consent in writing of the holders of at least three-fourths of the outstanding amount of the Bonds or with the sanction of a special resolution passed at ameeting of the concerned Bondholders, provided that nothing in such consent or resolution shall beoperative against the Company, where such consent or resolution modifies or varies the terms andconditions governing the Bonds, if modification, variation or abrogation is not acceptable to the Company.c) The registered Bondholder or in case of joint-holders, the person whose name stands first in the Registerof Bondholders or register of beneficial owners shall be entitled to vote in respect of such Bonds, eitherby being present in person or, where proxies are permitted, by proxy, at any meeting of the concernedBondholders summoned for such purpose and every such Bondholder shall be entitled to one vote on ashow of hands and on a poll, his or her voting rights shall be in proportion to the outstanding nominal valueof Bonds held by him or her on every resolution placed before such meeting of the Bondholders. d) Bondsmay be rolled over with the consent in writing of the holders of at least three-fourths of the outstandingamount of the Bonds or with the sanction of a special resolution passed at a meeting of the concernedBondholders after providing at least 21 days prior notice for such roll-over and in accordance with the SEBIDebt Regulations. The Company shall redeem the Bonds of all the Bondholders, who have not given theirpositive consent to the roll-over. The above rights of Bondholders are merely indicative. The final rightsof the Bondholders will be as per the terms of the Prospectus Tranche - 1 read with the Shelf Prospectusand Debenture Trust Deed to be executed by the Company with the Debenture Trustee. Special resolutionfor the purpose of this section is a resolution passed at a meeting of Bondholders of at least three-fourthsof the outstanding amount of the Bonds, present and voting. 16.3 Succession: Where Bonds are held injoint names and one of the joint holders dies, the survivor(s) will be recognized as the Bondholder(s) inaccordance with the applicable laws. It will be sufficient for the Company to delete the name of thedeceased Bondholder after obtaining satisfactory evidence of his death, provided that a third person maycall on the Company to register his name as successor of the deceased Bondholder after obtainingevidence such as probate of a will for the purpose of proving his title to the Bonds. In the event of demiseof the sole or first holder of the Bonds, the Company will recognize the executors or administrator of thedeceased Bondholders, or the holder of the succession certificate or other legal representative as havingtitle to the Bonds only if such executor or administrator obtains and produces probate of will or letter ofadministration or is the holder of the succession certificate or other legal representation, as the case maybe, from an appropriate court in India. The Board of Directors of the Company in their absolute discretionmay, in any case, dispense with production of probate of will or letter of administration or successioncertificate or other legal representation. 16.4 Nomination Facility to Bondholder: 16.4.1 The sole Bondholderor first Bondholder, along with other joint Bondholders (being individual(s)) may nominate any one person(being an individual) who, in the event of death of the sole holder or all the joint-holders, as the case maybe, shall become entitled to the Bond. A person, being a nominee, becoming entitled to the Bond byreason of the death of the Bondholders, shall be entitled to the same rights to which he will be entitledif he were the registered holder of the Bond. Where the nominee is a minor, the Bondholders may makea nomination to appoint any person to become entitled to the Bond(s), in the event of his death, duringthe minority. A nomination shall stand rescinded on sale of a Bond by the person nominating. A buyer willbe entitled to make a fresh nomination in the manner prescribed. When the Bond is held by two or morepersons, the nominee shall become entitled to receive the amount only on the demise of all the Bondholders.Fresh nominations can be made only in the prescribed form available on request at the Company’sadministrative office or at such other addresses as may be notified by the Company. 16.4.2 The Bondholdersare advised to provide the specimen signature of the nominee to the Company to expedite the transmissionof the Bond(s) to the nominee in the event of demise of the Bondholders. The signature can be providedin the Application Form or subsequently at the time of making fresh nominations. This facility of providingthe specimen signature of the nominee is purely optional. 16.4.3 Any person who becomes a nomineeunder any applicable laws shall on the production of such evidence as may be required by the Company’sBoard, as the case may be, elect either: (a) to register himself or herself as the holder of the Bonds; or (b)to make such transfer of the Bonds, as the deceased holder could have made. 16.4.4 Notwithstandinganything stated above, Applicants who are allotted bonds in dematerialized form need not make aseparate nomination with the Company. Nominations registered with the respective Depository Participantof the Bondholder will prevail. If the Bondholders require changing their nomination, they are requestedto inform their respective Depository Participant. For Applicants who opt to hold the Bonds in physical form,the Applicants are require to fill in the details for ‘nominees’ as provided in the Application Form. 16.4.5Further, the Company’s Board or committee of Directors, as the case may be, may at any time give noticerequiring any nominee of the deceased holder to choose either to be registered himself or herself or totransfer the Bonds, and if the notice is not complied with, within a period of 90 days, the Company’s Boardor committee of Directors, as the case may be, may thereafter withhold payment of all interests or othermonies payable in respect of the Bonds, until the requirements of the notice have been complied with.17. Debenture Trustee: 17.1 The Company has appointed Indian Bank to act as the Trustee for the Bondholders.The Company intends to enter into a Debenture Trust Deed with the Debenture Trustee, the terms of whichwill govern the appointment and functioning of the Debenture Trustee and shall specify the powers,authorities and obligations of the Debenture Trustee. Under the terms of the Debenture Trust Deed, theCompany will covenant with the Debenture Trustee that it will pay the Bondholders the principal amounton the Bonds on the relevant Maturity Date and also that it will pay the interest due on Bonds on the ratespecified under the respective Tranche Prospectus(es) under which allotment has been made. 17.2 TheBondholders shall, without further act or deed, be deemed to have irrevocably given their consent to theDebenture Trustee or any of its agents or authorised officials to do all such acts, deeds, matters and thingsin respect of or relating to the Bonds as the Trustee may in its absolute discretion deem necessary or requireto be done in the interest of the Bondholders. Any payment made by the Company to the DebentureTrustee on behalf of the Bondholders shall discharge the Company pro tanto to the Bondholders. All therights and remedies of the Bondholders shall vest in and shall be exercised by the Debenture Trusteewithout reference to the Bondholders. No Bondholder shall be entitled to proceed directly against theCompany unless the Debenture Trustee, having become so bound to proceed, failed to do so. 17.3 TheDebenture Trustee will protect the interest of the Bondholders in the event of default by the Company inregard to timely payment of interest and repayment of principal and they will take necessary action at theCompany’s cost. Further, the Debenture Trustee shall ensure that the assets of the Company are sufficientto discharge the principal amount at all time under this Issue.18. Miscellaneous: 18.1 Loan against Bond: The Bonds can be pledged or hypothecated for obtaining loans.18.2 Lien: The Company shall have the right of set-off and lien, present as well as future on the moneysdue and payable to the Bondholder or deposits held in the account of the Bondholder, whether in singlename or joint name, to the extent of all outstanding dues by the Bondholders to the Company. 18.3 Lienon Pledge of Bonds: Subject to applicable laws, the Company, at its discretion, may note a lien on pledgeof Bonds if such pledge of Bond is accepted by any Bank, institution or others for any loan provided to theBondholder against pledge of such Bonds as part of the funding. 18.4 Joint-holders: Where two or morepersons are holders of any Bond(s), they shall be deemed to hold the same as joint holders with benefitsof survivorship subject to applicable laws. 18.5 Sharing of Information: The Company may, at its option,use its own, as well as exchange, share or part with any financial or other information about the Bondholdersavailable with the Company, its SPV’s and affiliates and other banks, financial institutions, credit bureaus,agencies, statutory bodies, as may be required and neither the Company nor its SPVs and affiliates nor

Applicants are advised to read the Shelf Prospectus and Prospectus Tranche - 1 dated January 19, 2012(“Prospectus”) filed with Registrar of Companies, National Capital Territory of Delhi and Haryana andthe General Instructions contained in this application form carefully and to satisfy themselves of thedisclosures before making an application for subscription. Unless otherwise specified, all the termsused in this form have the same meaning as in the Prospectus. For a copy of the Prospectus theapplicant may request us and/or the Lead Managers. Further, investors are advised to retain the copyof the Prospectus/Abridged Prospectus for their future reference. Please fill in the Form in Englishusing BLOCK letters. Investors should carefully choose the Series of Bonds they wish to apply for.Please refer to Terms of the Issue in the Prospectus for details.

IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

5INDIAN RAILWAY FINANCE CORPORATION LIMITED

their agents shall be liable for use of the aforesaid information. 18.6 Notices: All notices to the Bondholdersrequired to be given by the Company or the Trustee shall be published in one national daily newspaperhaving wide circulation and/or, will be sent by post/courier to the registered Bondholders from time to time.18.7 Issue of Duplicate Consolidated Bond Certificate(s): If any Consolidated Bond Certificate is mutilatedor defaced, it may be replaced by the Company against the surrender of such Consolidated Bond Certificates,provided that where the Consolidated Bond Certificates are mutilated or defaced, they will be replacedonly if the certificate numbers and the distinctive numbers are legible. If any Consolidated Bond Certificateis destroyed, stolen or lost then on production of proof thereof to the Issuer’s satisfaction and on furnishingsuch indemnity/security and/or documents as we may deem adequate, duplicate Consolidated BondCertificate(s) shall be issued. The above requirement may be modified from time to time as per applicable lawand practice. 18.8 Future Borrowings: The Company shall be entitled at any time in the future during theterm of the Bonds or thereafter to borrow or raise loans or create encumbrances or avail of financialassistance in any form, and also to issue promissory notes or bonds or any other securities in any form,manner, ranking and denomination whatsoever and to any eligible persons whatsoever, subject to applicableconsent, approvals or permission that may be required under any statutory/regulatory/contractual requirementand to change its capital structure including through the issue of shares of any class, on such terms andconditions as the Company may deem appropriate, without requiring the consent of, or imitation to, theBondholders or the Debenture Trustee in this connection. 18.9 Jurisdiction: The Bonds, the Trust Deed andother relevant documents shall be governed by and construed in accordance with the laws of India. For thepurpose of this Issue and any matter related to or ancillary to the Issue, the Courts of New Delhi, India shallhave exclusive jurisdiction.ISSUE PROCEDURE:IRFC and the Lead Managers would not be liable for any amendment, modification or change in applicablelaw, which may occur after the date of the Prospectus Tranche - 1. Investors are advised to make theirindependent investigations and ensure that their Application does not exceed the investment limits ormaximum number of Bonds that can be held by them under applicable law or as specified in the ProspectusTranche - 1.19. Availability of Prospectus and Application Forms: The abridged prospectus containing the salient featuresof the Prospectus together with Application Forms and copies of the Prospectus may be obtained from ourRegistered Office, Lead Managers to the Issue and the Consortium Members for the Issue as mentionedon the Application Form. In addition, Application Forms would also be made available to all the recognizedstock exchanges. We may provide Application Forms for being downloaded and filled at such websites aswe may deem fit. In addition, Brokers having online demat account portals may also provide a facility ofsubmitting the application forms virtually online to their account holders.20. Who can apply: The following categories of persons are eligible to apply in the Issue: Category I: • PublicFinancial Institutions as defined in section 4A of the Companies Act, Statutory Corporations, CommercialBanks, Co-operative Banks and Regional Rural Banks, which are authorised to invest in the Bonds; •Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorised to investin the Bonds; • Insurance companies registered with the IRDA; • National Investment Fund; • Mutual Funds;• Foreign Institutional Investors (including sub-accounts); • Insurance funds set up and managed by army,navy or air force of the Union of India; • Multilateral and bilateral development financial institutions; • Stateindustrial development corporations • Companies, bodies corporate and societies registered under theapplicable laws in India and authorised to invest in the Bonds; • Registered trusts which are authorisedto invest in the Bonds; • Scientific and/or industrial research organisations, which are authorised to investin the Bonds; • Partnership firms in the name of the partners; • Limited liability partnerships formed andregistered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009). Category II:The following investors applying for an amount aggregating to above ` 5 lakhs across all Series in eachtranche • Resident Indian individuals; • Hindu Undivided Families through the Karta; and • Non ResidentIndians on repatriation as well as non-repatriation basis. Category III: The following investors applying foran amount aggregating to upto and including ` 5 lakhs across all Series in each tranche: • Resident Indianindividuals; • Hindu Undivided Families through the Karta; and • Non Resident Indians on repatriationas well as non-repatriation basis. Note: Participation of any of the aforementioned persons or entities issubject to the applicable statutory and/or regulatory requirements in connection with the subscription toIndian securities by such categories of persons or entities.Applicants are advised to ensure that applications made by them do not exceed the investment limits or maximumnumber of Bonds that can be held by them under applicable statutory and or regulatory provisions. Applicantsare advised to ensure that they have obtained the necessary statutory and/or regulatory permissions/consents/approvals in connection with applying for, subscribing to, or seeking allotment of Bonds pursuant to the Issue.The Lead Managers and their respective associates and affiliates are permitted to subscribe in the Issue.In pursuance of circular no. CIR /IMD/DF/22/2011 dated December 26, 2011 by the Securities and Exchange Boardof India, it is strictly advised that the Lead Managers, their broking affiliates, consortium members, sub-consortiummembers or any other person connected with distribution of the Issue shall not offer any incentive, whether director indirect, in any manner, whether in cash or kind or services or otherwise to any person for making an applicationfor allotment of Bonds offered in terms of the Prospectus and Tranche Prospectus(es). However, they may payfees or commission for services rendered in relation to the Issue. The information below is given for the benefitof the investors. IRFC, the Lead Managers are not liable for any amendment or modification or changesin applicable laws or regulations, which may occur after the date of the Prospectus Tranche - 1.21. Applications cannot be made by: a) Minors without a guardian name; b) Foreign nationals; c) Personsresident outside India other than NRIs; d) Overseas Corporate Bodies22. Applications by Public Financial Institutions, Statutory Corporations, which are authorized to invest in theBonds The application must be accompanied by certified true copies of: (i) Any Act/Rules under which theyare incorporated; (ii) Board Resolution authorising investments; and (iii) Specimen signature of authorizedperson23. Application by Commercial Banks, Co-operative Banks and Regional Rural Banks Commercial Banks, Co-operative banks and Regional Rural Banks can apply in this public issue based upon their own investmentlimits and approvals. The application must be accompanied by certified true copies of (i) Any Act/Rulesunder which they are incorporated (ii) Board Resolution authorising investments; (iii) Letter of Authorisation.Failing this, IRFC reserves the right to accept or reject any Application in whole or in part, in either case,without assigning any reason thereof.24. Applications by Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which areauthorized to invest in the Bonds and National Investment Fund: The application must be accompanied bycertified true copies of: (i) Any Act/Rules under which they are incorporated; (ii) Board Resolution authorisinginvestments; and (iii) Specimen signature of authorized person25. Application by Insurance Companies: In case of Applications made by insurance companies registeredwith the Insurance Regulatory and Development Authority, a certified copy of certificate of registrationissued by Insurance Regulatory and Development Authority must be lodged along with Application Form.The applications must be accompanied by certified copies of (i) Any Act/Rules under which they areincorporated; (ii) certificate of registration issued by the Insurance Regulatory and Development Authority;(iii) Memorandum and Articles of Association (iv) Power of Attorney (v) Resolution authorising investmentand containing operating instructions (vi) Specimen signatures of authorised signatories. Failing this,IRFC reserves the right to accept or reject any Application in whole or in part, in either case, withoutassigning any reason thereof.26. Applications by Mutual Funds : In terms of SEBI (Mutual Fund) Regulation, 1996, as amended, nomutual fund scheme shall invest more than 15% of its NAV in debt instruments issued by a single companywhich are rated not below investment grade by a credit rating agency authorised to carry out such activity.Such investment limit may be extended to 20% of the NAV of the scheme with the prior approval of theBoard of Trustees and the Board of Asset Management Company. A separate application can be madein respect of each scheme of an Indian mutual fund registered with SEBI and such applications shall notbe treated as multiple applications. Applications made by the AMCs or custodians of a Mutual Fund shallclearly indicate the name of the concerned scheme for which application is being made. In case ofApplications made by Mutual Fund registered with SEBI, a certified copy of their SEBI registrationcertificate must be submitted with the Application Form. The applications must be also accompanied bycertified true copies of (i) SEBI Registration Certificate and trust deed (ii) resolution authorising investmentand containing operating instructions and (iii) specimen signatures of authorised signatories. Failing this,IRFC reserves the right to accept or reject any Application in whole or in part, in either case, withoutassigning any reason thereof.27. Applications by FII : A registered Foreign Institutional Investor who purchases the Bonds under this Issueshall make the payment for purchase of such securities either by inward remittance through normal bankingchannels or out of funds held in Foreign Currency Account or Non-resident Rupee Account maintained bythe Foreign Institutional Investor with a designated branch of an authorised dealer in terms of the applicableregulations governing the same. The application must be accompanied by certified true copies of: (i) SEBIregistration certificate; (ii) Inward remittance certificate (ii i) Resolution authorizing the investment (iv)Specimen signatures of authorized signatories.The Issuer does not make any representations and does not guarantee eligibility of any foreign investor, includinginter-alia NRIs and FIIs for investment into the Issue either on a repatriation basis or on a non-repatriation basis.All foreign Investors have to verify their eligibility and ensure compliance with all relevant and applicable RBI- FEMA notifications and guidelines as well as all relevant and applicable SEBI guidelines notifications andcirculars pertaining to their eligibility to invest in the Issue at the stage of investment in every tranche, at the timeof remittance of their investment proceeds as well as at the time of disposal of the Bonds. The Issuer will notcheck or confirm eligibity of such investments into the Issue.28. Investments by FIIs : As per the current regulations, the following restrictions are applicable for investmentsby FIIs: The present limit for investment in corporate debt Instruments like non-convertible debentures/bonds by FIIs is USD 25 billion. Following the announcement by the Union Finance Minister Shri PranabMukherjee in his budget 2011-12, the Government in consultation with the regulators had raised the limitfor FII investment in long-term corporate bonds issued by companies in the infrastructure sector from USD5 billion to USD 25 bill ion. This scheme was operationalised vide SEBI circular CIR/IMD/FIIC/5/2011dated March 31, 2011. The present limit for investment in corporate debt Instruments like non-convertibledebentures / bonds by FIIs is USD 25 billion as per SEBI circular CIR/IMD/FIIC/18 /2011, dated September30, 2011, which is split as follows : i. 3 billion is separate for Qualified Foreign Investor (“QFI”) investingthrough the mutual fund route. With regard to the carve out investment limits of USD 5 billion out of theremaining USD 22 billion for FII investments in Long-term infrastructure bonds the investment limits areprovided in the subsequent paragraphs(ii and iii); ii. FIIs can invest in long-term infra bonds, subject to theUSD 5 billion limit, in bonds which have an initial maturity of five years or more at the time of issue andresidual maturity of one year at the time of first purchase by FIIs. These investments are subject to a lock-in period of one year. FIIs can, however, trade amongst themselves but cannot sell to domestic investorsduring the lock-in period of one year. iii. Further, FIIs can invest in Long-term infrastructure bonds upto thebalance USD 17 billion which have an initial maturity of five years or more at the time of issue and residualmaturity of three years at the time of first purchase by FIIs. These investments are also subject to a lock-in period of three year. FIIs can, however, trade amongst themselves but cannot sell to domestic investors

during the lock-in period of three years. The Reserve Bank of India (RBI) vide its notification number RBI/2011-12/244 A.P. (DIR Series) Circular No. 42 dated November 03, 2011 has revised the terms of investmentby Foreign Institutional Investors (FIIs) and the subjective conditions. The modifications stipulated in theaforesaid notification are as follows: 1. FII’s can now invest in non-convertible debentures/bonds issuedby with “Infrastructure Finance Companies” who are Non-Banking Financial Companies (NBFC’s) up to alimit of USD 5 Billion within the overall USD 25 Billion limit. 2. The three year lock in period in respectof investments by FIIs up to USD five billion within the overall limit of USD 25 Billion stands reduced toone year. 3. The five year residual maturity on an instrument purchased by an FII now refers to the originalmaturity date of the instrument. The lock in period will be computed from the original maturity date of theinvestment. 4. These changes would also apply for Qualified Foreign Investors (QFI) investment in unitsof mutual fund debt schemes within the limit of USD 3 billion. Additionally, there has been an increasein the FII investment limit in corporate bonds by US$ 5 billion, raising the overall cap to US $ 20 Billion.This incremental limit can be invested in listed corporate bonds vide SEBI Circular CIR/IMD/FIIC/20/2011,dated November 18, 2011. Subject to compliance with all applicable Indian laws, rules, regulationsguidelines and approvals in terms of Regulation 15A(1) of the Securities and Exchange Board of India(Foreign Institutional Investors) Regulations, 1995, as amended (the “SEBI FII Regulations”), an FII, asdefined in the SEBI FII Regulations, may issue or otherwise deal in offshore derivative instruments (asdefined under the SEBI FII Regulations as any instrument, by whatever name called, which is issuedoverseas by a FII against securities held by it that are listed or proposed to be listed on any recognized stockexchange in India, as its underlying) directly or indirectly, only in the event (i) such offshore derivativeinstruments are issued only to persons who are regulated by an appropriate regulatory authority; and (ii)such offshore derivative instruments are issued after compliance with ‘know your client’ norms. An FII isalso required to ensure that no further issue or transfer of any offshore derivative instrument is made by oron behalf of it to any persons that are not regulated by an appropriate foreign regulatory authority asdefined under the SEBI FII Regulations. Further, as per FEMA, a FII may purchase, on repatriation basis,these Bonds, either directly from the issuer of such securities or through a registered stock broker on arecognised stock exchange in India; Provided that i) the FII shall restrict allocation of its total investmentbetween equity and debt instruments (including dated Government Securities and Treasury Bills in theIndian capital market) in the ratio of 70:30, and ii) if the FII desires to invest upto 100 per cent in datedGovernment Securities including Treasury Bills, non-convertible debentures/bonds issued by an Indiancompany, it shall form a 100% debt fund and get such fund registered with SEBI.29. Companies, bodies corporate and societies registered under the applicable laws in India: The applicationmust be accompanied by certified true copies of: (i) Any Act/Rules under which they are incorporated; (ii)Board Resolution authorising investments; and (iii) Specimen signature of authorized person.30. Applications by Trusts: In case of Applications made by trusts, settled under the Indian Trusts Act, 1882,as amended, or any other statutory and/or regulatory provision governing the settlement of trusts in India,must submit a (i) certified copy of the registered instrument for creation of such trust, (ii) Power of Attorney,if any, in favour of one or more trustees thereof, (iii) such other documents evidencing registration thereofunder applicable statutory/regulatory requirements and (iv) Specimen signature of authorized person.Failing this, IRFC reserves the right to accept or reject any Applications in whole or in part, in either case,without assigning any reason therefor. Further, any trusts applying for Bonds pursuant to the Issue mustensure that (a) they are authorised under applicable statutory/regulatory requirements and their constitutioninstrument to hold and invest in bonds, (b) they have obtained all necessary approvals, consents or otherauthorisations, which may be required under applicable statutory and/or regulatory requirements to investin bonds, and (c) applications made by them do not exceed the investment limits or maximum number ofBonds that can be held by them under applicable statutory and or regulatory provisions.31. Scientific and/or industrial research organizations, which are authorized to invest in the Bonds: The applicationmust be accompanied by certified true copies of: (i) Any Act/Rules under which they are incorporated; (ii)Board Resolution authorising investments; and (iii) Specimen signature of authorized person.32. Partnership firms in the name of the partners and Limited liability partnerships formed and registered underthe provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009): The application must be accompaniedby certified true copies of: (i) Partnership Deed; (ii) Any documents evidencing registration thereof underapplicable statutory/regulatory requirements; (iii) Resolution authorising investment and containing operatinginstructions (Resolution); (iv) Specimen signature of authorized person.33. Applications under Power of Attorney : In case of Investments made pursuant to a power of attorney byCategory I investors, a certified copy of the power of attorney or the relevant resolution or authority, as the casemay be, along with a certified copy of the memorandum of association and articles of association and/or byelaws and/or charter documents, as applicable, must be lodged along with the Application Form. In case ofInvestments made pursuant to a power of attorney by Category II and Category III investors, a certified copyof the power of attorney must be lodged along with the Application Form. Brokers having online demat accountportals may also provide a facility of submitting the application forms virtually online to their account holders.Under this facility, a broker receives an online instruction through its portal from the applicant for making anapplication on his/her behalf. Based on such instruction, and a Power of Attorney granted by the applicant toauthorize the Broker, the Broker submits an application form to the Bankers to the Issue.34. Applications by NRIs on repatriation as well as non-repatriation basis: The application must be accompaniedby certified true copies of: (i) When payment is through demand draft then the certificate from the bank thatthe draft has been made by debiting the NRE account; (ii) PIO Card (if application by PIO). We propose to issueBonds to NRIs on a repatriable as well as non-repatriable basis. NRI applicants should note that only suchapplications as are accompanied by payment in Indian Rupees only shall be considered for Allotment. An NRIcan apply for Bonds offered in the Issue subject to the conditions and restrictions contained in the FEMA(Borrowing or Lending in Rupees) Regulations, 2000, and other applicable statutory and/or regulatoryrequirements including the interest rate requirement as provided in the CBDT Notification. Allotment of Bondsto NRIs shall be subject to the application monies paid by the NRI as described below: 1. In case of NRIsapplying under repatriation basis: If it is received either by inward remittance of freely convertible foreignexchange through normal banking channels i.e. through rupee denominated demand drafts/cheque drawnon a bank in India or by transfer of funds held in the investor’s rupee denominated accounts i.e. Non ResidentExternal (NRE) account maintained with an RBI authorised dealer or a RBI authorised bank in India. Paymentwill not be accepted out of Non- Resident Ordinary (NRO) Account of the Non-Resident Indians applying ona repatriation basis. Payment by demand draft by a Non-Resident on repatriable basis should be accompaniedby a bank certificate confirming that the draft has been issued by debiting a NRE Account. PIO Card wouldrequire to be furnished if the application is made by the PIO. 2. In case of NRIs applying under non-repatriationbasis- If it is received either by inward remittance of freely convertible foreign exchange through normal bankingchannels i.e. through rupee denominated demand drafts/cheque drawn on a bank in India or by transfer offunds held in the investor’s rupee denominated accounts i.e. Non-resident Ordinary (NRO) account and NonResident External (NRE) maintained with an RBI authorised dealer or a RBI authorised bank in India. In thecase of Bids by NRIs applying on a non-repatriation basis, payment by demand drafts should be accompaniedby a bank certificate confirming that the draft has been issued by debiting an NRE or a NRO Account. PIO Cardwould require to be furnished if the application is made by the PIO.Applications by NRI in physical form shall be submitted only at the Collection Centres located at Mumbai, Delhi,Ahemdabad, Hyderabad, Chennai, Bangalore, Chandigarh and Kochi.The Issuer does not make any representations and does not guarantee eligibility of any foreign investor, includinginter-alia NRIs and FIIs for investment into the Issue either on a repatriation basis or on a non-repatriation basis.All foreign Investors have to verify their eligibility and ensure compliance with all relevant and applicable RBI- FEMA notifications and guidelines as well as all relevant and applicable SEBI guidelines notifications andcirculars pertaining to their eligibility to invest in the Issue at the stage of investment in every tranche, at the timeof remittance of their investment proceeds as well as at the time of disposal of the Bonds. The Issuer will notcheck or confirm eligibity of such investments into the Issue.35. Issue and Allotment of Bonds to NRI applicants: We confirm that: i. the rate of interest on each seriesof Bonds does not exceed the prime lending rate of the State Bank of India as on the date on which theresolution approving the Issue was passed by our Board, plus 300 basis points; ii. the period for redemptionof each series of Bonds is not less than 3 years; iii. IRFC does not and shall not carry on agricultural /plantation /real estate business/Trading in Transferable Development Rights (TDRs) and does not andshall not act as Nidhi or Chit Fund company; iv. We will fi le the following with the nearest office of theReserve Bank, not later than 30 days from the date - A. of receipt of remittance of consideration receivedfrom NRIs in connection with the Issue, full details of the remittances received, namely; (a) a list containingnames and addresses of each NRI applicant who have remitted funds for investment in the Bonds on non-repatriation basis and repatriation basis, (b) amount and date of receipt of remittance and its rupeeequivalent; and (c) names and addresses of authorised dealers through whom the remittance has beenreceived; The application money for the Bonds has to be paid in cheque or demand drafts only, in rupeedenominated currency only; and B. of closure of the Issue, full details of the monies received from NRIapplicants, namely; (a) a list containing names and addresses of each NRI allottee and number of Bondsissued to each of them on non-repatriation basis and repatriation basis, and (b) a certificate from ourcompliance officer that all provisions of the FEMA Act, and rules and regulations made thereunder inconnection with the issue of nonconvertible debentures have been duly complied with. We further confirmthat the monies received from NRIs who are allotted Bonds pursuant to the Issue, will not be utilised forany investment, whether by way of capital or otherwise, in any company or partnership firm or proprietorshipconcern or any entity, whether incorporated or not, or for the purpose of re-lending.TDS deduction on interest on Application Money/refund: Applicants exempt from TDS deduction on intereston Application money/refund, etc, are required to submit the requisite documents:36. Application Size: Applications are required to be for a minimum of ten Bonds and multiples of five Bonds thereafter.37. Application Form : The prescribed colour of the Application Form for the various categories is as follows:

CATEGORY COLOUR OFAPPLICATION FORM:

Following investors under Category I: Public Financial Institutions, Statutory PinkCorporations, Commercial Banks, Co-operative Banks and Regional RuralBanks, Provident Funds, Pension Funds, Superannuation Funds and GratuityFund, which are authorised to invest in the Bonds, insurance companiesregistered with the IRDA, National Investment Fund, Mutual Funds,Foreign Institutional Investors, insurance funds setup and managed by thearmy, navy or air force of the Union of India, multilateral and bilateraldevelopment financial institutions and state industrial developmentcorporations which are eligible to invest in the Bonds.Category I (excluding the abovementioned Category I investors), WhiteCategory II and Category III.

38. Instructions for Completing the Application Form: • Applications to be made in prescribed form only • Theforms to be completed in block letters in English as per the instructions contained herein and in the ApplicationForm, and are liable to be rejected if not so completed. Applicants should note that the Bankers to the Issuewill not be liable for errors in data entry due to incomplete or illegible Application Forms • Applications are

required to be for a minimum of ten Bond and in multiples of five Bond thereafter. • Applications should bein single or joint names not more than three, and in the same order as their Depository Participant details (incase of applicants opting for allotment in dematerialized form) and should be applied by Karta in case of HUF• Thumb impressions and signatures other than in English/Hindi/Gujarati/Marathi or any other languagesspecified in the 8th Schedule of the Constitution needs to be attested by a Magistrate or Notary Public or aSpecial Executive Magistrate under his/her seal. • All Application Forms duly completed together with cheque/bank draft for the amount payable on application must be delivered before the closing of the subscription listto any of the Bankers to the Public Issue or collection centre(s) as may be specified before the closure of theIssue. No receipt will be issued for the application money. However, Bankers to the Issue and/or their branchesreceiving the applications will acknowledge the same by stamping (mandatorily having a date stamp) andreturning the acknowledgement slip to the applicant. • Every applicant should hold valid Permanent AccountNumber (PAN) and mention the same in the Application Form. • All applicants are required to tick the relevantcolumn of “Category of Investor” in the Application Form.All Applications by Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative Banksand Regional Rural Banks, Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, insurancecompanies registered with the IRDA, National Investment Fund, Mutual Funds, Foreign Institutional Investors,insurance funds setup and managed by the army, navy or air force of the Union of India, multilateral and bilateraldevelopment financial institutions and state industrial development corporations applicants shall be received onlyby the Lead Managers and their respective affiliates. • APPLICANTS MAY NOTE THAT THE ALLOTMENT SHALLBE ON THE BASIS AS DESCRIBED UNDER THE HEADING-”BASIS OF ALLOTMENT”. • Applications forall the Series of Bonds may be made in a single Application Form only.IRFC would allot Tranche 1 Series II Bonds to all valid applications, wherein the applicants have not indicated theirchoice of the relevant series of Bonds in their Application Form.General Instructions:39. Dos: • Check if you are eligible to apply; • Read all the instructions carefully and complete the Application Form;• If the allotment is sought in dematerialized form, ensure that the details about Depository Participant andBeneficiary Account are correct and the beneficiary account is active; • Applications are required to be in singleor joint names (not more than three) • In case of an HUF applying through its Karta, the Applicant is required tospecify the name of an Applicant in the Application Form as ‘XYZ Hindu Undivided Family applying through PQR’,where PQR is the name of the Karta; • Ensure that the Applications are submitted to the Bankers to the Issue beforethe closure of banking hours on the Issue Closing Date; • Ensure that the Applicant’s name(s) given in theApplication Form is exactly the same as the name(s) in which the beneficiary account is held with the DepositoryParticipant. In case the Application Form is submitted in joint names, ensure that the beneficiary account is alsoheld in same joint names and such names are in the same sequence in which they appear in the Application Form• Ensure that you mention your PAN allotted under the IT Act, Please note that it is mandatory for all applicantsto furnish their PAN number as per CBDT circular. • Ensure that the Demographic Details as provided in theApplication Form are updated, true and correct in all respects. • Ensure that you have obtained all necessaryapprovals from the relevant statutory and/or regulatory authorities to apply for, subscribe to and/or seek allotmentof Bonds pursuant to the Issue. • Applicant’s Bank Account Details: The Bonds shall be allotted in dematerialisedand physical form. For instructions on how to apply for Allotment in the physical form, please refer – Applicationsfor Allotment of Bonds in the physical form” on page 55 of Prospectus Tranche - 1. The Applicant should note thaton the basis of the name of the Applicant, Depository Participant’s name, Depository Participant’s identificationnumber and beneficiary account number provided by them in the Application Form, the Registrar to the Issue willobtain from the Applicant’s beneficiary account, the Applicant’s bank account details. The Applicants are advisedto ensure that bank account details are updated in their respective beneficiary accounts as these bank accountdetails would be printed on the refund order(s), if any. Failure to do so could result in delays in credit of refundsto Applicants at the Applicants sole risk and neither the Lead Managers nor IRFC nor the Refund Bank nor theRegistrar to the Issue shall have any responsibility and undertake any liability for such delay. • Applications underPower of Attorney: Unless IRFC specifically agree in writing, and subject to such terms and conditions as IRFC maydeem fit, in the case of Applications made under power of attorney, a certified copy of the power of attorney isrequired to be lodged separately and relevant documents as specified on page 51 of the Prospectus Tranche -1, along with the submission of the Application Form, indicating the name of the Applicant along with the address,Application number, date of submission of the Application Form, name of the bank and branch where it wasdeposited, cheque/demand draft number and the bank and branch on which the cheque/demand draft was drawn.• Permanent Account Number: All Applicants should mention their PAN allotted under the Income Tax Act in theApplication Form. In case of joint applicants, the PAN of all the Applicants should be provided and for HUFs, PANof the HUF should be provided. The PAN would be the sole identification number for participants transacting inthe securities markets, irrespective of the amount of the transaction. Any Application Form without the PAN is liableto be rejected. Further as per CBDT notification it is mandatory for all subscribers to provide their PAN numbersto IRFC. Applicants should not submit the GIR Number instead of the PAN as the Application is liable to berejected on this ground. • Joint Applications: Applications may be made in single or joint names (not exceedingthree). In the case of joint Applications, all refunds/interests/redemption amounts will be made out in favour ofthe first Applicant. All communications will be addressed to the first named Applicant whose name appears inthe Application Form at the address mentioned therein. • Multiple Applications: An Applicant may make multipleapplications for the total number of Bonds required and the same shall be considered valid. For the purposes ofallotment of Bonds under the Issue, applications shall be grouped based on the PAN, i.e. applications under thesame PAN shall be grouped together. Two or more applications will be deemed to be multiple applications ifthe sole or first applicant is one and the same. For the sake of clarity, two or more applications shall be deemedto be a multiple application for the aforesaid purpose if the PAN number of the sole or the first applicant is oneand the same. • Applicants are requested to write their names and Application serial number on the reverse of theinstruments by which the payments are made. • All Applicants are requested to tick the relevant column “Categoryof Investor” in the Application Form. • Tick the Series of Bonds in the Application Form that you wish to apply for.40. Don’ts: • Do not apply for lower than the minimum application size; • Do not pay the application amountin cash, by money order, postal order, stock invest; • Do not fill up the Application Form such that the Bondsapplied for exceeds the issue size and/or investment limit or maximum number of Bonds that can be held underthe applicable laws or regulations or maximum amount permissible under the applicable regulations; • Donot submit the GIR number instead of the PAN, as the Application Form is liable to be rejected on this ground;• Do not submit the Application Forms without the full Application Amount; and • Do not fill up the ApplicationForm such that the Bonds applied for exceeds the issue size and/or investment limit or maximum number ofBonds that can be held under the applicable laws or regulations or maximum amount permissible under theapplicable regulations. For further instructions, investors are advised to read the Prospectus Tranche - 1 andApplication Form carefully.41. Applications for Allotment of Bonds in the physical form: Applicant(s) who wish to subscribe to, or hold, theBonds in physical form can do so in terms of Section 8(1) of the Depositories Act and IRFC is obligated to fulfillsuch request of the Applicant(s). Accordingly, any Applicant who wishes to subscribe to the Bonds in physicalform shall undertake the following steps: (i) Please complete the Application Form in all respects, by providingall the information including PAN and demographic details. However, do not provide the Depository Participantdetails in the Application Form. The requirement for providing Depository Participant details shall be mandatoryonly for the Applicants who wish to subscribe to the Bonds in dematerialised form. (ii) Please provide thefollowing documents along with the Application Form: (a) Self-attested copy of the PAN card; (b) Self-attestedcopy of the proof of residence. Any of the following documents shall be considered as a verifiable proof ofresidence: • ration card issued by the GoI; or • valid driving license issued by any transport authority of theRepublic of India; or • electricity bill (not older than three months); or • landline telephone bill (not older thanthree months); or • valid passport issued by the GoI; or • Voter’s Identity Card issued by the GoI; or • passbookor latest bank statement issued by a bank operating in India; • leave and license agreement or agreement forsale or rent agreement or flat maintenance bill; • Self-attested copy of Registered Office address in case ofapplicants under Category I; or • Life Insurance Policy. (c) Self-attested copy of a cancelled cheque of the bankaccount to which the amounts pertaining to payment of refunds, interest and redemption, as applicable,should be credited. The Applicant shall be responsible for providing the above information accurately. Delaysor failure in credit of the payments due to inaccurate details shall be at the sole risk of the Applicants and neitherthe Lead Managers nor IRFC shall have any responsibility and undertake any liability for the same. Applicationsfor Allotment of the Bonds in physical form, which are not accompanied with the aforestated documents, maybe rejected at the sole discretion of IRFC. In relation to the issuance of the Bonds in physical form, note thefollowing: (i) An Applicant has the option to seek Allotment of Bonds in either electronic or physical mode.No partial Application for the Bonds shall be permitted and is liable to be rejected. (ii) In case of Bonds thatare being issued in physical form, IRFC will issue one certificate to the Bondholder for the aggregate amountof the Bonds for each Series that are applied for (each such certificate a “Consolidated Bond Certificate”). (iii)Any Applicant who provides the Depository Participant details in the Application Form shall be Allotted the Bondsin dematerialised form only. Such Applicant shall not be Allotted the Bonds in physical form. (iv) No separateApplications for issuance of the Bonds in physical and electronic form should be made. If such Applicationsare made, the Application for the Bonds in physical mode shall be rejected. This shall be considered as aground for technical rejection. (v) IRFC shall dispatch the Consolidated Bond Certificate to the address of theApplicant provided in the Application Form.Allottees will have the option to dematerialise the Bonds so Allotted as per the provisions of the Depositories Act.All terms and conditions disclosed in relation to the Bonds held in physical form pursuant to rematerialisationshall be applicable mutatis mutandis to the Bonds issued in physical form.42. Applications for Allotment of Bonds in the dematerialised form: As per the provisions of the Depositories Act,the Bonds can be held in dematerialised form, i.e., they shall be fungible and be represented by a statementissued through electronic mode. In this context, the Tripartite Agreements have been executed between IRFC,the Registrar to the Issue and the respective Depositories (CDSL/NSDL) for offering depository option to theBondholders, for issue and holding the Bonds in dematerialized form. a) All Applicants can seek Allotmentin dematerialised mode or in physical form. Applications made for receiving Allotment in the dematerialisedform without relevant details of his or her depository account are liable to be rejected. b) An Applicant applyingfor the Bonds must have at least one beneficiary account with either of the Depository Participants of eitherof the Depositories, prior to making the Application. c) The Applicant must necessarily fill in the details(including the Beneficiary Account Number and Depository Participant’s identification number) in the ApplicationForm. d) Allotment to an Applicant will be credited in electronic form directly to the beneficiary account (withthe Depository Participant) of the Applicant. e) Names in the Application Form should be identical to thoseappearing in the account details in the Depositories. In case of joint holders, the names should necessarilybe in the same sequence as they appear in the account details in the Depositories. f) If incomplete or incorrectdetails are given under the heading ‘Applicant’s Depository Account Details’, in the Application Form, it isliable to be rejected. g) The Applicant is responsible for the correctness of his or her demographic details givenin the Application Form vis-à-vis those with his or her Depository Participant. h) Bonds in electronic form canbe traded only on the stock exchange having electronic connectivity with the Depositories. BSE and NSE,where the Bonds are proposed to be listed, has electronic connectivity with the Depositories. i) The tradingof the Bonds shall be in dematerialised form only. Allottees will have the option to re-materialise the Bonds soAllotted as per the provisions of the Depositories Act. In addition to the above, certain additional documents arerequired to be submitted by the following entities: (a) With respect to Investments by FIIs and Mutual Funds,

IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

6 INDIAN RAILWAY FINANCE CORPORATION LIMITED

a certified copy of their SEBI registration certificate must be lodged along with the Application Form. (b) Withrespect to Investments by insurance companies registered with the Insurance Regulatory and DevelopmentAuthority, in addition to the above, a certified copy of the certificate of registration issued by the InsuranceRegulatory and Development Authority must be lodged along with the Application Form. (c) With respectto Investments made by limited liability partnerships registered under the Limited Liability Partnership Act,2008, a certified copy of certificate of registration must be lodged along with the Application Form.43. Consolidated List of Documents Required for Various CategoriesFor the sake of simplicity, we hereby provide the details of documents required to be submitted by variouscategories of investors while submitting the Application Form.Type of Investors, Documents to be submitted with application form (in addition to the documents required forapplications for Allotment of Bonds in physical form); Public Financial Institutions, Statutory Corporations,Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorised to invest in theBonds, Companies; bodies corporate and societies registered under the applicable laws in India andauthorised to invest in the Bonds; Scientific and/or industrial research organisations, which are authorisedto invest in the Bonds, Multilateral and bilateral development financial institutions, State industr ialdevelopment corporations ; The application must be accompanied by certified true copies of: • Any Act/Rulesunder which they are incorporated • Board Resolution authorising investments • Specimen signature ofauthorized person ; Insurance companies registered with the IRDA, The applications must be accompaniedby certified copies of • Any Act/Rules under which they are incorporated • Registration documents (i.e. IRDAregistration)• Resolution authorising investment and containing operating instructions (Resolution) • Specimensignature of authorized person ; Provident Funds, Pension Funds, Superannuation Funds and GratuityFund, which are authorised to invest in the Bonds; andNational Investment Fund, The application must beaccompanied by certified true copies of : • Any Act/Rules under which they are incorporated • BoardResolution authorising investments • Specimen signature of authorized person ; Mutual Funds, The applicationsmust be also accompanied by certified true copies of:• SEBI Registration Certificate and trust deed (SEBIRegistration) • Resolution authorising investment and containing operating instructions (Resolution) •Specimen signature of authorized person ; Foreign Institutional Investors (including sub-accounts); Theapplications must be also accompanied by certified true copies of:• SEBI Registration Certificate (SEBIRegistration) • Inward Remittance certificate • Resolution authorising investment and containing operatinginstructions (Resolution) • Specimen signature of authorized person ; Registered trusts which are authorisedto invest in the Bonds; The applicants must submit a • Certified copy of the registered instrument for creationof such trust • Power of Attorney, if any, in favour of one or more trustees • Such other documents evidencingregistration thereof under applicable statutory/regulatory requirements.• Specimen signature of authorizedperson ; Partnership firms in the name of the partnersLimited liability partnerships formed and registeredunder the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009) • Partnership Deed • Anydocuments evidencing registration thereof under applicable statutory/regulatory requirements. • Resolutionauthorising investment and containing operating instructions (Resolution) • Specimen signature of authorized

resolution or authority, as the case may be • A certified copy of the memorandum of association and articlesof association and/or bye laws and/or charter documents, as applicable, must be lodged along with theApplication Form. Resident Indian individuals under Category II and Category III , N.A. ; Hindu UndividedFamilies through the Karta under Category II and Category III, N.A ; Non Resident Indians/PIO on repatriationas well as non-repatriation basis under Category II and Category III • When payment is through demand draftthen the certificate from the bank that the draft has been made by debiting the NRE account • PIO Card (ifapplication by PIO) ; Power Of Attorney under Category II and Category III • A certified copy of the powerof attorney has to be lodged with the Application FormPAYMENT INSTRUCTIONS44. Escrow MechanismIRFC shall open Escrow Account(s) with one or more Escrow Collection Bank(s) in whose favour theApplicants shall make out the cheque or demand draft in respect of his or her Application. Cheques ordemand drafts received for the Application Amount from Applicants would be deposited in the EscrowAccount. For further details please see the Prospectus Tranche - 1.45. Method of payment of purchase consideration for FIIFIIs shall make the payment for purchase of such securities either by inward remittance through normalbanking channels or out of funds held in Foreign Currency Account or Non-resident Rupee Accountmaintained by the Foreign Institutional Investor with a designated branch of an authorised dealer withthe approval of Reserve Bank of India. The payment of the application money shall be made in chequeor demand draft in rupee denominated currency only.46. Payment into Escrow AccountEach Applicant shall draw a cheque or demand draft for the Application Amount as per the followingterms: a) All Applicants would be required to pay the full Application Amount for the number of Bondsapplied for, at the time of the submission of the Application Form. b) The Applicants shall, with thesubmission of the Application Form, draw a payment instrument for the full Application Amount in favourof the Escrow Account and submit the same to Bankers to the Issue. If the payment is not made favouringthe Escrow Account along with the Application Form, the Application shall be rejected. c) The paymentinstruments from non-NRI and non-FII applicants shall be payable into the Escrow Account drawn infavour of “IRFC Tax Free Bonds – Escrow Account – Tranche I”. d) The monies deposited in the EscrowAccount will be held for the benefit of the Applicants until the Designated Date. e) The paymentinstrument from NRI applicants shall be payable in the NRI Escrow Account drawn in favour of “IRFC TaxFree Bonds – NRI Escrow Account – Tranche I”. f) The payment instrument from FII applicants shall bepayable in the FII Escrow Account drawn in favour of “IRFC Tax Free Bonds – FII Escrow Account –Tranche I”. g) On the Designated Date, the Escrow Collection Banks shall transfer the funds from theEscrow Account as per the terms of the Escrow Agreement into the Public Issue Account with the Bankersto the Issue. The Escrow Collection Bank shall also refund all amounts payable to Applicants whoseApplications have not been allotted Bonds. h) Payments should be made by cheque, or a demand draftdrawn on any bank (including a co-operative bank), which is situated at, and is a member of or sub-member of the bankers’ clearing house located at the centre where the Application Form is submitted.Outstation cheques/bank drafts drawn on banks not participating in the clearing process will not beaccepted and applications accompanied by such cheques or bank drafts are liable to be rejected. i) Cash/stock invest/money orders/postal orders will not be accepted.47. Submission of Application FormsAll Application Forms duly completed and accompanied by account payee cheques or drafts shall besubmitted to the designated collection banks during the Issue Period. No separate receipts shall beissued for the money payable on the submission of Application Form. However, the collection banks willacknowledge the receipt of the Application Forms by stamping and returning to the Applicants theacknowledgement slip. This acknowledgement slip will serve as the duplicate of the Application Formfor the records of the Applicant. Applications shall be deemed to have been received by us only whensubmitted to Bankers to the Issue at their designated branches as detailed above and not otherwise.All Applications by Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operativeBanks and Regional Rural Banks, Provident Funds, Pension Funds, Superannuation Funds and GratuityFund, insurance companies registered with the IRDA, National Investment Fund, Mutual Funds, ForeignInstitutional Investors, insurance funds setup and managed by the army, navy or air force of the Union ofIndia, multilateral and bilateral development financial institutions and state industrial developmentcorporations applicants shall be received only by the Lead Managers and their respective affiliates.48. Online ApplicationsLead Managers may decide to offer an online Application facility for the Bonds, as and when permittedby applicable laws, subject to the terms and conditions prescribed. Accordingly the investors may download

forms for this use and submit the same together with cheques/demand drafts to the Bankers to the Issueand their collecting centres. However, Public Financial Institutions, Statutory Corporations, CommercialBanks, Co-operative Banks and Regional Rural Banks, Provident Funds, Pension Funds, SuperannuationFunds and Gratuity Fund, insurance companies registered with the IRDA, National Investment Fund,Mutual Funds and Foreign Institutional Investors, insurance funds setup and managed by the army,navy or air force of the Union of India, multilateral and bilateral development financial institutionsand state industrial development corporations can apply only through pink coloured physical applicationforms provided by the Lead Managers and their respective affiliates.49. Other InstructionsA. Joint Applications : Applications may be made in single or joint names (not exceeding three). In thecase of joint applications, all payments will be made out in favour of the first applicant. All communicationswill be addressed to the first named applicant whose name appears in the Application Form and at theaddress mentioned therein. B. Additional/Multiple Applications : An applicant is allowed to make oneor more applications for the Bonds for the same or other series of Bonds, subject to a minimum applicationsize of ten Bonds and in multiples of five Bond thereafter, for each application. Any application for anamount below the aforesaid minimum application size will be deemed as an invalid application andshall be rejected. However, any application made by any person in his individual capacity and anapplication made by such person in his capacity as a karta of a Hindu Undivided family and/or as jointapplicant, shall not be deemed to be a multiple application. For the purposes of allotment of Bondsunder the Issue, applications shall be grouped based on the PAN, i.e. applications under the same PANshall be grouped together and treated as one application. Two or more applications will be deemed tobe multiple applications if the sole or first applicant is one and the same. For the sake of clarity, two ormore applications shall be deemed to be a multiple application for the aforesaid purpose if the PANnumber of the sole or the first applicant is one and the same. C. Depository Arrangements: We haveentered into Tripartite Agreement dated January 23, 2002 among us, the Registrar to the Issue andNSDL and dated May 8, 2003, among us, the Registrar to the Issue and CDSL, respectively for offeringdepository option to the investors and for issue and holding of the Bonds in dematerialized form. As perthe provisions of the Depositories Act, 1996, the Bonds issued by us can be held in a dematerialized formas described under the heading - “Applications for Allotment of Bonds in dematerialized form” on page 56of the Prospectus Tranche - 1. D. Communications : All future Communications in connection withApplications made in the Issue should be addressed to the Registrar to the Issue quoting all relevantdetails as regards the applicant and its application. Applicants can contact the Compliance Officer ofIRFC/Lead Managers or the Registrar to the Issue in case of any Pre-Issue related problems. In case ofPost-Issue related problems such as non-receipt of Allotment Advice/credit of Bonds in depository’sbeneficiary account/refund orders, etc., applicants may contact the Compliance Officer of IRFC/LeadManagers or Registrar to the Issue.50. Rejection of ApplicationsIRFC reserves its full, unqualified and absolute right to accept or reject any Application in whole or in part and ineither case without assigning any reason thereof. Application would be liable to be rejected on one or more technicalgrounds, including but not restricted to: • Number of Bonds applied for is less than the minimum Application size;• Applications not duly signed by the sole/joint Applicants; • Application amount paid not tallying with the numberof Bonds applied for; • Applications for a number of Bonds which is not in a multiple of one; • Investor category notticked; • Bank account details not given; • Applications by persons not competent to contract under the Indian ContractAct, 1872, as amended, including a minor without a guardian name; • In case of Applications under Power of Attorneywhere relevant documents not submitted; • Application by stock invest or accompanied by cash/money order/postalorder; • Applications without PAN; • GIR number furnished instead of PAN; • Applications for amounts greater thanthe maximum permissible amounts prescribed by applicable regulations; • Applications by persons/entities who havebeen debarred from accessing the capital markets by SEBI; • Applications by any persons outside India, barringapplications made by NRIs on a non-repatriable and applications made by NRIs under a repatriable basis and FIIsas described above; • For option to hold Bonds in electronic/dematerialised form, Depository Participant identificationnumber, Client ID and PAN mentioned in the Application Form do not match with the Depository Participantidentification number, Client ID and PAN available in the records with the depositories; • Application under powerof attorney or by limited companies, corporate, trust etc., where relevant documents are not submitted; • Address notprovided in case of exercise of option to hold Bonds in physical form; • Copy of KYC documents not provided in caseof option to hold Bonds in physical form; and • Applications of Public Financial Institutions, Statutory Corporations,Commercial Banks, Co-operative Banks and Regional Rural Banks, Provident Funds, Pension Funds, SuperannuationFunds and Gratuity Fund, Insurance companies registered with the IRDA, National Investment Fund, Mutual Fundsand Foreign Institutional Investors applicants not procured by the Lead Managers or their respective affiliates. •Applications made by investors belonging to a particular Category on an application form meant for other applicantsand vice-versa. • Bank certificate not provided along with demand draft for NRI Applicants. • PIO Applications withoutthe PIO Card. • In case of NRI applications if the money is received from NRO account and the account number (incase of application in physical form) mentioned in the application form is a repatriable account or the status of thedemat account mentioned is repatriable. • In case of NRI applications, applying in physical form, submitted atcollection centres other than the centres designated for submitting the application forms by NRI applicants applyingin physical form. The collecting bank shall not be responsible for rejection of the Application on any of the technicalgrounds mentioned above. Application Forms received after the closure of the Issue shall be rejected. In the event,if any Bond(s) applied for is/are not Allotted, the Application monies in respect of such Bonds will be refunded, asmay be permitted under the provisions of applicable laws.51. Basis of AllotmentThe subscription list for the Issue shall remain open for subscription at the commencement of banking hoursand close at the close of banking hours, with an option for early closure (subject to the Issue being open fora minimum of 3 days) or extension by such period, upto a maximum period of 30 days from the date ofopening of the Issue, as may be decided by the Board of the Company, subject to necessary approvals, ifany. In the event of such early closure of the subscription list of the Issue, IRFC shall ensure that public noticeof such early closure is published on or before the day of such early date of closure through advertisement/s in a leading national daily newspaper. The issue shall remain open for subscription for a minimum periodof 3 days. IRFC shall finalise the Basis of Allotment in consultation with the Lead Managers and theDesignated Stock Exchange and in compliance with the aforementioned provisions of the ProspectusTranche - 1. The Designated Stock Exchange along with IRFC, Lead Managers and the Registrar shall beresponsible for ensuring that the Basis of Allotment is finalised in a fair and proper manner.52. Grouping of Applications and Allocation Ratio: Applications received from various applicants shall begrouped together on the following basis: i) Applications received from Category I applicants: Applicationsreceived from Category I, shall be grouped together, (“Category I Portion”); ii) Applications received fromCategory II applicants: Applications received from Category II shall be grouped together, (“Category IIPortion”); iii) Applications received from Category III applicants: Applications received from Category IIIapplicants shall be grouped together, (“Category III Portion”). For removal of doubt, “Category I Portion”,Category II Portion”, and the “Category III Portion” are individually referred to as “Portion” and collectivelyreferred to as “Portions” For the purposes of determining the number of Bonds available for allocationto each of the abovementioned Categories, IRFC shall have the discretion of determining the numberof Bonds to be allotted over and above the Base Issue Size, in case IRFC opts to retain any oversubscriptionin the Issue upto the Shelf Limit (i.e. upto ` 6,30,000 lakhs). The aggregate value of Bonds decidedto be allotted over and above the Base Issue Size, (in case IRFC opts to retain any oversubscription inthe Issue), and/or the aggregate value of Bonds upto the Base Issue Size shall be collectively termedas the “Overall Issue Size”.53. Allocation RatioReservations shall be made for each of the Portions in the below mentioned format:

Particulars Category I Category II Category IIISize in % 45% of the Overall 25% of the Overall 30% of the Overall

Issue Size Issue Size Issue Size

54. Basis of Allotment for Bonds(a) Allotments in the first instance: i. Applicants belonging to the Category I, in the first instance, will beallocated Bonds upto 45% of the Overall Issue Size on first come first serve basis (determined on the basisof date of receipt of each application duly acknowledged by the Bankers to the Issue); ii. Applicantsbelonging to the Category II, in the first instance, will be allocated Bonds upto 25% of the Overall IssueSize on first come first serve basis (determined on the basis of date of receipt of each application dulyacknowledged by the Bankers to the Issue); and iii. Applicants belonging to the Category III, in the firstinstance, will be allocated Bonds upto 30% of the Overall Issue Size on first come first serve basis(determined on the basis of date of receipt of each application duly acknowledged by the Bankers to theIssue); Allotments, in consultation with the Designated Stock Exchange, shall be made on a first-comefirst-serve basis, based on the date of presentation of each application to the Bankers to the Issue, in eachPortion subject to the Allocation Ratio. (b) Under Subscription: If there is any under subscription in anyPortion, priority in allotments will be given in the following order: i. Category III Portion ii. Category IIPortion iii. Category I Portion (c) For each Portion, applications received on the same day by the Bankersto the Issue would be treated at par with each other. Allotment within a day would be on proportionatebasis, where Bonds applied for exceeds Bonds to be allotted for each Portion respectively. (d) Minimumallotments of 10 Bonds and in multiples of 1 Bond thereafter would be made in case of each validapplication. (e) Allotments in case of oversubscription: In case of an oversubscription, allotments to themaximum extent possible, will be made on a first-come first-serve basis and thereafter on proportionatebasis i.e. full allotment of Bonds to the applicants on a first-come first-serve basis upto the date falling1 (one) day prior to the date of oversubscription and proportionate allotment of Bonds to the applicantson the date of oversubscription (based on the date of submission of each application to the Bankers tothe Issue, in each Portion). (f) Proportionate Allotments: For each Portion, on the date of oversubscription,allotment shall be made on a proportionate basis. The method of proportionate allotment is as describedbelow: i. Allotments to the applicants shall be made in proportion to their respective application size,rounded off to the nearest integer, ii. If the process of rounding off to the nearest integer results in theactual allocation of Bonds being higher than the Issue size, not all applicants will be allotted the numberof Bonds arrived at after such rounding off. Rather, each applicant whose allotment size, prior to roundingoff, had the highest decimal point would be given preference, ii i. In the event, there are more than oneapplicant whose entitlement remain equal after the manner of distribution referred to above, the Companyshall ensure that the basis of allotment is finalised by draw of lots in a fair and equitable manner. (g)Applicant applying for more than one series of Bonds: If an applicant has applied for more than oneseries of Bonds, and in case such applicant is entitled to allocation of only a part of the aggregate numberof Bonds applied for, the Series-wise allocation of Bonds to such applicants shall be in proportion to thenumber of Bonds with respect to each Series, applied for by such applicant, subject to rounding off tothe nearest integer, as appropriate in consultation with the Lead Managers and Designated StockExchange. All decisions pertaining to the basis of allotment of Bonds pursuant to the Issue shall be takenby the Company in consultation with the Lead Managers and the Designated Stock Exchange and incompliance with the aforementioned provisions of the Prospectus Tranche - 1. The Company has thediscretion to close the Issue irrespective of whether any of the Portion(s) are fully subscribed. TheCompany would allot Tranche 1 Series II Bonds to all valid applications, wherein the applicants havenot indicated their choice of the relevant Series of Bonds.55. Allotment Advice/Refund OrdersThe unutilised portion of the application money will be refunded to the applicant by an A/c Payeecheque/demand draft. In case the at par facility is not available, IRFC reserves the right to adopt any othersuitable mode of payment. We may enter into an arrangement with one or more banks in one or morecities for refund to the account of the applicants through Direct Credit/RTGS/NEFT. IRFC shall credit theallotted Bonds to the respective beneficiary accounts/dispatch the Letter(s) of Allotment or Letter(s) ofRegret/Refund Orders to all applicants by Registered Post/Speed Post at the applicant’s sole risk, within30 days from the date of closure of the Issue. Further, a) Allotment of Bonds offered to the public shallbe made within a time period of 30 days from the date of closure of the Issue;b) Credit to demat accountwill be given within 2 working days from the date of allotment c) Interest at a rate of 15 per cent per annumwill be paid if the allotment has not been made and/or the Refund Orders have not been dispatched tothe applicants within 30 days from the date of the closure of the Issue, for the delay beyond 30 days. d)IRFC will provide adequate funds to the Registrars to the Issue, for this purpose.56. Filing of the Prospectus Tranche – 1 with the Stock Exchanges : A copy of the Prospectus Tranche – 1shall be filed with the NSE and BSE.57. Pre-Issue Advertisement IRFC shall, on or before the Issue Opening Date, publish a pre- Issueadvertisement, in the form prescribed by the SEBI Debt Regulations, in one national daily newspaperwith wide circulation.58. Withdrawal of Applications by Applicants : Applicants are allowed to withdraw their applications at anytime prior to the closure of the Issue.59. IMPERSONATION“Any person who: a) makes in a fictitious name, an application to IRFC for acquiring or subscribing for,any shares therein, or b) otherwise induces IRFC to allot, or register any transfer of shares, therein to him,or any other person in a fictitious name, shall be punishable with imprisonment for a term which mayextend to five years.”60. ListingThe Bonds will be listed on NSE and BSE. If the permission to deal in and for an official quotation ofthe Bonds is not granted by BSE and NSE, we shall forthwith repay, without interest, all such moneysreceived from the Applicants in pursuance of the Tranche Prospectus (es). IRFC shall use best efforts toensure that all steps for the completion of the necessary formalities for listing at the Stock Exchange aretaken within fifteen Working Days from the date of Allotment.61. Utilisation of Application MoneyThe sums received in respect of the Issue will be kept in the Escrow Account and IRFC will have accessto such funds only after creation of security for the Bonds and as per applicable provisions of law(s),regulations and approvals. IRFC shall at all times ensure that any monies kept in the NRI Escrow Accountshall be utilised only in accordance with the FEMA (Borrowing and Lending in Rupees) Regulations,2000 and other applicable statutory and/or regulatory requirements.62. Undertaking by the IssuerWe undertake that: a) the complaints received in respect of the Issue shall be attended to by us expeditiouslyand satisfactorily; b) we shall take necessary steps for the purpose of getting the Bonds listed within thespecified time; c) the funds required for dispatch of refund orders/allotment advice/certificates by registeredpost shall be made available to the Registrar to the Issue by IRFC; d) necessary cooperation to the creditrating agency(ies) shall be extended in providing true and adequate information until the debt obligationsin respect of the Bonds are outstanding; e) we shall forward the details of util isation of the funds raisedthrough the Bonds duly certified by our statutory auditors, to the Trustee at the end of each half year; f)we shall disclose the complete name and address of the Trustee in our annual report; and g) we shallprovide a compliance certificate to the Trustee (on an annual basis) in respect of compliance of with theterms and conditions of issue of Bonds as contained in the Tranche Prospectus(es). h) We shall makenecessary disclosures/ reporting under any other legal or regulatory requirement as may be required byIRFC from time to time.

LEAD MANAGERS TO THE ISSUE

SBI CAPITAL MARKETS LIMITED202, Maker Tower E, Cuffe Parade,Mumbai 400 005Tel: +91 22 2217 8300 • Fax: +91 22 2218 8332E-mail: irfcbonds@sbicaps.comInvestor Grievance Email: investor.relations@sbicaps.comWebsite: www.sbicaps.comContact Person: Ms. Anshika Malaviya/Mr. Puneet DeshpandeCompliance Officer: Mr. Bhaskar ChakrabortySEBI Registration No.: INM000003531#

A. K. CAPITAL SERVICES LIMITED30-39 Free Press House, 3rd Floor,Free Press Journal Marg, 215,Nariman Point, Mumbai 400 021Tel: +91 22 6754 6500/6634 9300 • Fax: +91 22 6610 0594E-mail: irfctfbonds@akgroup.co.inInvestor Grievance Email: investor.grievance@akgroup.co.inWebsite: www.akcapindia.comContact Person: Mr. Hitesh ShahCompliance Officer: Mr. Vikas AgarwalSEBI Registration No.: INM000010411

REGISTRAR TO THE ISSUE

ICICI SECURITIES LIMITEDICICI Centre, H.T. Parekh MargChurchgate, Mumbai 400 020Maharashtra, IndiaTel : +91 22 2288 2460 • Fax : +91 22 2282 6580E-mail: irfcbonds@icicisecurities.comInvestor Grievance Email: customercare@icicisecurities.comWebsite : www.icicisecurities.comContact Person: Mr. Mangesh Ghogle/ Ms. Payal KulkarniCompliance Officer: Mr. Subir SahaSEBI Registration No.: INM000011179

KARVY COMPUTERSHARE PRIVATE LIMITEDPlot No. 17 to 24, Vittal Rao Nagar,Madhapur, Hyderabad - 500 081Toll Free No.1-800-3454001Tel: +91 40 4465 5000Fax: +91 40 2343 1551E-mail ID: irfc.bonds@karvy.comInvestor Grievance Email: einward.ris@karvy.comWebsite: http:\\karisma.karvy.comContact Person: Mr. M. Murali KrishnaSEBI Registration Number: INR000000221

INDIAN BANKCorporate Office,254-260, Avvai Shanmugam Salai,RoyapettahChennai – 600 014 IndiaTel: 044 – 2813 4089/2813 4436Fax : 044-28134088Contact Person: Mr. T. ChandrasekaranE-mail ID: holegal@indianbank.co.inWebsite: www.indianbank.comSEBI Registration Number: INB100000017

TRUSTEE FOR THE BONDHOLDERS

FOR FURTHER DETAILS, PLEASE REFER TO THE PROSPECTUSISSUE MANAGEMENT TEAM

# The SEBI registration of one of the Lead Managers to the Issue, SBI Capital Markets Limited was valid up to July 31, 2011. The application for renewal of the certificate of registration in the prescribed manner has been made by SBI Capital Markets Limited on April 29, 2011, to SEBI, three months beforethe expiry of the period of the certificate as required under Regulation 9(1) of the SEBI (Merchant Bankers) Regulations, 1992. The approval of SEBI in this regard is currently awaited.Investors may contact the Compliance Officer or the Registrar to the Issue in case of any pre-Issue or post-Issue related problems such as non-receipt of letters of allotment, credit of allotted Bonds in the respective beneficiary account or non-receipt of Bond Certificates/ Consolidated Bond Certificates, as applicable, or refund orders, etc.Consortium Members for the Issue : In addition to the Lead Managers, following are also consortium members for the Issue : SBICAP Securities Limited, Regd. Address: 191, 19th Floor, Maker Tower - ‘F’ Wing, Cuffe Parade, Mumbai 400005 Correspondence Address: Mafatlal Chambers, 2nd floor, C wing,N M Joshi Marg, Lower Parel, Mumbai 400013 Tel: +91 22 4227 3446; Fax: +91 22 4227 3391 Email: archana.dedhia@sbicapsec.com Investor Grievance Email: complaints@sbicapsec.com Contact Person: Ms. Archana Dedhia SEBI Registration No.: BSE: INB 011053031 NSE: INB 231052938 • A. K.STOCKMART PRIVATE LIMITED, Address: 30-39, Free Press House, Free Press Journal Marg, 215, Nariman Point, Mumbai 400 021 Tel: +91 22 6754 6500; Fax: +91 22 6754 4666 E-mail ID: ankit@akgroup.co.in Website: www.akcapindia.com Contact person: Mr.Ankit Gupta SEBI Registration No.: BSE:INB011269538 NSE: INB231269532.STATUTORY AUDITORS : Dhawan & Co., Chartered Accountants,312, Wegmans House,21, Veer Savarkar Block,New Delhi 110 092, India. Tel: +91 (11) 22017651, 22025360 Email: dpa111@hotmail.com Firm Registration No.: 002864NLEGAL ADVISORS TO THE ISSUE : AZB & Partners, AZB House,Plot No. A-8, Sector 4,Noida, 201 301,India. Tel: +91 120 4179999 Fax: +91 120 4179900CREDIT RATING AGENCIES : CRISIL Limited, CRISIL House, Central Avenue,Hiranandani Business Park, Powai,Mumbai 400 076, India. Tel: +91 (22) 3342 3000 Fax: +91 (22) 3342 3050 E-mail: crisilratingdesk@crisil.com Website: www.crisil.com Contact Person: Mr. Suman Chowdhury SEBI RegistrationNo.: IN/CRA/001/1999. ICRA Limited, Building No. 8, 2nd Floor, Tower A, DLF Cyber City, Phase- II, Gurgaon 122 002, India. Tel: +91 (124) 4545 300 Fax: +91 (124) 4545 350 E-mail: vivek@icraindia.com Investor Grievance e-mail: vw@icraindia.com Website: www.icra.in Contact Person: Mr. Vivek MathurSEBI Registration No.: IN/CRA/003/1999. Credit Analysis & Research Limited (“CARE”) B-47 3rd Floor, Inner Circle, Connaught Place, New Delhi 110 001. Tel: +91 (11) 2371 6199 Fax: +91 (11) 4533 3200 E-mail: jyotsana.gadgil@careratings.com Website: www.careratings.com Contact Person: Ms. JyotsnaGadgil SEBI Registration No.: IN/CRA/004/1999ESCROW COLLECTION BANKS / BANKERS TO THE ISSUE : Axis Bank Limited E-146, Near PVR Anupam,Saket, New Delhi – 110 017 Tel: 011-4266 5166 Fax: 011-4166 4222 Email: biswaranjan.gouda@axisbank.com/ashish.dhall@axisbank.com Contact Person: Mr. Biswaranjan Gouda and Mr. AshishDhall Website: www.axisbank.com SEBI Registration No.: INBI00000017 HDFC Bank Limited HDFC Bank Limited, FIG – OPS Department,- Lodha, I Think Techno Campus,O-3, Level, Next to Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai – 400 042. Tel: 09322157474 Fax: 022-2579 9801 Email:uday.dixit@hdfcbank.com/ figdelhi@hdfcbank.com Contact Person: Mr. Uday Dixit Website: www.hdfcbank.com SEBI Registration No.: INBI00000063 ICICI Bank Limited Capital Market Division, 30, Rajabahadur Mansion, Mumbai Samachar Marg, Fort, Mumbai – 400 001 Tel: 022-66310322 Fax: 022-66310350 Email: anil.gadoo@icicibank.com Contact Person: Mr. Anil Gadoo Website: www.icicibank.com SEBI Registration No.: INBI00000004 IDBI Bank Limited Unit No. 2, Corporate Park, Sion Trombay Road, Chembur, Mumbai – 400 071 Tel: 022-6690 8402 Fax: 022-2528 6173 Email: ipoteam@idbi.co.inContact Person: Mr. V. Jayananthan (Head – CMS Operations) Website: www.idbibank.com SEBI Registration No.: INBI00000076 Kotak Mahindra Bank Limited 5th Floor, Dani Corporate Park 158, CST Road Kalina Santacruz (E), Mumbai – 400 098 Tel: 022-6759 5336 Fax: 022-6759 5374 Email:amit.kr@kotak.com Contact Person: Mr. Amit Kumar Website: www.kotak.com SEBI Registration No.: INBI00000927 State Bank of India CMP Centre, 31 Mahal Ind Estate, Andheri (E), Mumbai – 400 093 Tel: 022-2687 4809/05 Fax: 022-2687 4805 Email: AGMPI.CMP@SBI.CO.IN/soumendra.mukherji@sbi.co.inContact Person: Mr. Ejaz Hussain Website: www.statebankofindia.com SEBI Registration No.: INBI00000038

COMPANY SECRETARYMr. S K Ajmani, Company Secretary & GM (TermLoans), UG Floor, East Tower, NBCC Place,Pragat i Vihar, ,Lodhi Road, New Delhi -110003,Tel. : +91 11 2436 9766/69,Fax: +91 112436 6710, Emai l : skai r fc@redi ffmai l .comWebsite: www.irfc.nic.in

COMPLIANCE OFFICERMr. T. Behera, General Manager-Bonds,UG Floor,East Tower, ,NBCC Place, Pragati Vihar, ,LodhiRoad, New Delhi -110 003,Tel. : +91 11 24369766/69, Fax: +91 11 2436 6710,Emai l :gma@irfc.nic.in Website: www.irfc.nic.in

IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

7INDIAN RAILWAY FINANCE CORPORATION LIMITED

Prospective investors should carefully consider all the information in the Shelf Prospectus, including the risks anduncertainties described below, and the information provided in the section titled “Our Business” on page 55 and inAnnexure I of the Shelf Prospectus. i.e. “Financial Statements”, before making an investment in the Bonds. The risksand uncertainties described in this section are not the only risks that we currently face. Additional risks and uncertaintiesnot known to us or which we currently believe to be immaterial may also have an adverse effect on our business,prospects, results of operations and financial condition. If any of the following or any other risks actually occur, ourbusiness prospects, results of operations and financial condition could be adversely affected and the price of, and thevalue of your investment in the Bonds could decline and you may lose all or part of your redemption amounts and /or interest amounts. The financial and other related implications of risks concerned, wherever quantifiable, have beendisclosed in the risk factors mentioned below. However, there are certain risk factors where the effect is not quantifiableand hence have not been disclosed in such risk factors. The numbering of the risk factors have been done to facilitateease of reading and reference, and do not in any manner indicate the importance of one risk factor over another.RISKS RELATING TO OUR BUSINESS AND INDUSTRY : 1. Our ability to operate efficiently is dependent on our abilityto maintain a low effective cost of funds. Inability to do so could have a material adverse effect on our business, financialcondition and results of operations.: Our ability to operate efficiently is dependent on our ability to maintain a low effectivecost of funds. Therefore, timely access to, and the costs associated with raising capital and our ability to maintain a loweffective cost of funds in the future is critical. Historically, our access to funds has been enhanced by resorting to equityfinancing which we receive directly from the Government. Our relationship with the Government and the highest creditratings assigned to us enables us to price our borrowings at a lower rate of interest than would otherwise be availableto us thereby reducing our cost of funds. There can be no assurance as to the level of direct or indirect support to usprovided by the Government and negative changes in the policies of the Government could materially increase thecost of funds available to us. As we are fundamentally dependent upon funding from the debt markets and commercialborrowings, our ability to continue to obtain funds from the debt markets and through commercial borrowings onacceptable terms is dependent on various factors which include but are not limited to, our ability to maintain our existingcredit ratings, which are based upon several factors, many of which are outside our control, including the economicconditions in the Indian railway sector and the Indian economy, and the liquidity in the domestic and global debtmarkets, which has been severely restricted during the recent financial crisis. There can be no assurance that we willbe able to maintain our existing credit ratings. Therefore any downgrades to our credit ratings could materially increasethe cost of funds available to us, particularly from the debt markets and commercial borrowings. Further, since we area non-deposit taking NBFC, we have restricted access to funds in comparison to banks and deposit taking NBFCs. Weare also dependent on our classification as an IFC which enables us, among other things, to diversify our borrowingsthrough the issuance of infrastructure bonds that offer certain tax benefits to bondholders and to raise, under theautomatic route (without the prior approval of the RBI), ECBs up to 50% of our Owned Fund. In the event of such benefitsbeing withdrawn by the Government or our inability to retain the IFC status granted to us, our business, results ofoperations and financial results shall be adversely effected.2. Mismatch in the tenor of our leases and borrowings may lead to reinvestment and liquidity risk which may adversely impactour financial condition and results of operations: Majority of our revenues are derived from the lease agreements withthe MoR. These agreements currently provide for a primary lease period of 15 years, followed by a secondary leaseperiod of another 15 years. We recover the full amount of principal borrowed and related interest within the primarylease period. Repayments occur by installments during the primary lease period. Although no mismatch between ourassets and liabilities occurs on a regular basis, bullet repayment of some borrowings in certain years may give rise toa temporary mismatch. This may potentially give rise to a liquidity risk when we are required to refinance our loans andother borrowings. The receipt of lease rentals in an amortised fashion by the Company may lead to reinvestment riskin a falling interest rate scenario. If we are unable to refinance our borrowings on favourable terms or reinvest leaserentals on favourable terms, it could adversely affect our business, financial condition and results of operations.3. Any change in the clauses of the standard lease agreement entered into by us with the MoR can have an adverse effect onour business, financial position and result of operations.: A standard lease agreement is entered into by us with the MoRon an annual basis in respect of rolling stock delivered and leased by us to the MoR during the Fiscal Year ending 31March immediately preceding the date of the standard lease agreement. Under the terms of previous standard leaseagreements, the MoR had agreed with the Company to ensure that in the event the Company is unable to redeemthe bonds on maturity and/or repay its loans due to inadequate cash flows, the MoR will make good such shortfall bymaking advance payments in respect of the lease rentals. If such assurance/ undertaking ceases to be valid or the MoRfails to comply with performance of such undertaking or such undertaking is amended or modified or altered or theCompany waives compliance with any provision of such undertaking, it may result in an event of default entitling theacceleration of repayment under the various bonds issued by our Company and our Company will not have any directright of action or right of subrogation against the MoR. Also, it may happen that such assurance/ undertaking is notprovided in the subsequent lease agreement(s). Extraordinary support by the MoR in the form of early payment of leaserentals to meet temporary cash-flow difficulties requires parliamentary approval which might be difficult to obtain.Further, certain other risks such as those arising out of foreign exchange rate fluctuations and interest rate fluctuationare passed on to the MoR under the standard lease agreement. However, no assurance can be given that the MoRwill continue to bear such risks under subsequent lease agreements and in the event the MoR declines to bear suchrisks, it could adversely affect our financial conditions and results of operations.4. The standard lease agreement is executed after the end of the Fiscal Year to which it relates and we cannot give an assurancethat such an agreement will be entered into with respect to the rolling stock acquired with the proceeds of this Issue or thatthe standard lease agreement will contain the terms and conditions necessary to enable us to meet our obligations under thisIssue.: Standard lease agreements govern the lease rentals payable by the MoR to us and specify the rolling stock leasedto the MoR by us. The standard lease agreement applies to each unit of rolling stock on and with effect from the firstday of the month in which the relevant rolling stock is delivered into service by the Indian Railways. The lease rentalsare calculated as equal half yearly payments to be made by the MoR based on weighted average cost of incrementalborrowing during the relevant year together with a reasonable markup mutually agreed between the MoR and theCompany, so as to ensure that our obligation to repay and settle our debts are fully met during primary lease periodof 15 years. The standard lease agreement is executed after the end of the financial year but comes into effect fromthe date of commencement of that year. Lease rentals during any particular year are calculated using the cost ofborrowing and margin relevant to the previous year. We expect that a standard lease agreement will be entered intobased on our previous dealings with the MoR. While the standard lease agreement is expected to be executed, weare not in a position to give an assurance that such an agreement will be entered into with respect to the rolling stockacquired with the proceeds of this Issue or that the standard lease agreement will contain the terms and conditionsnecessary to enable us to meet our obligations under this Issue. Further, by its letter dated March 16, 2011, the MoRinformed us that the Railway budget for year 2011-12 envisages the Company to also raise funds for capacityenhancement works in the Indian railway sector like gauge conversion, electrification, doubling, traffic facilities andsignalling and traffic works. Therefore, we intend to utilize a significant portion of the funds raised in the Issue indiversifying into financing the aforesaid capacity enhancement works in the Indian railway sector and entering into leaseagreements for usage of such facilities by the MoR. The Company will follow the same leasing methodology as itpresently follows with MoR in relation to the financing of rolling stock. Though we expect that a lease agreement willbe entered into based on the same leasing methodology as our previous dealings with the MoR, we have not enteredinto such an agreement for the capacity enhancement works with the MoR previously. Accordingly, we cannot give anassurance that such an agreement will be entered into with respect to the capacity enhancement works to be financedfrom the proceeds of this Issue or that the lease agreement, if entered, will contain the terms and conditions necessaryto enable us to meet our obligations under this Issue.5. We are involved in a number of legal proceedings that, if determined against us, could adversely impact our businessand financial condition. : Our Company is a party to various legal proceedings. These legal proceedings are pendingat different levels of adjudication before various courts, tribunals, statutory and regulatory authorities/ other judicialauthorities, and if determined against our Company, could have an adverse impact on the business, financialcondition and results of operations of our Company. For further information relating to outstanding litigation againstour Company, see the section titled “Outstanding Litigation and Material Developments” on page 93 of the ShelfProspectus. No assurances can be given as to whether these legal proceedings will be decided in our Company’sfavor or have no adverse outcome, nor can any assurance be given that no further liability will arise out of these claims.Details of the proceeding that have been initiated against and by our Company and the amounts claimed againstand by us in these proceedings, to the extent ascertainable as of the date of the Shelf Prospectus, are set forth below;Litigation against our Company: Nature of Proceedings, Number of outstanding matters, Amount Involved (in ̀ lakhs)*,Writ Petitions, Nil, Nil, Income Tax, Nil, Nil; Consumer Cases, 12, 9.74; Civil, 5, 39.97; Criminal, Nil, Nil; Total, 17,43.81, * The amounts stated do not include the interest claimed or payable. Litigation by our Company: Nature ofProceedings, Number of outstanding matters, Amount Involved (in ̀ lakhs)* Writ Petitions, Nil, Nil; Income Tax, 4, 14.05;Civil, Nil, Nil; Criminal, 1, 5.90; Total, 5, 19.95 *The amounts stated do not include the interest claimed or payable.6. Our Company is wholly owned and controlled by the Government and the Government could require us to take actions aimedat serving the public interest which may not necessarily be profitable or financially feasible. The Government through the Presidentof India along with 7 nominee shareholders holds 100 per cent of our paid up equity share capital. The Government, actingthrough the MoR, controls our Company and has the power to appoint and remove our Directors on the Board and/ or thecommittees thereof. In addition, the Government influences our operations through our various departments and policies.Pursuant to our Articles of Association, the President of India may from time to time issue such directives or instructions asmay be considered necessary in regard to the conduct of business and affairs of the Company and in like manner may varyand annul any such directive or instruction. In particular, given the important role of the Indian railway sector in the Indianeconomy, the Government could require us to take actions aimed at serving the public interest which may not necessarilybe profitable or financially feasible. The Government’s objectives may not be consistent with our objectives or those of theinvestors.7. Our business and our industry are dependent on the policies and support of the Indian Government and the MoR and the continuedgrowth of the Indian railway sector, which makes us susceptible to changes to such policies and a slowdown in the growth of Indianrailways.: We are a Government enterprise operating in a sensitive and regulated industry. Our business is dependent, directlyand indirectly, on the policies and support of the Government, in many significant ways, including with respect to the costof our capital, the financial strength of the MoR, the management and growth of our business and our overall profitability.The MoR is also significantly impacted by the policies and support of the Government. Furthermore, the growth of ourbusiness is dependent upon the continued growth of the Indian railway sector and the Indian economy, which are significantlyimpacted by the policies of the Government. The Indian Railways faces significant competition in transportation from othermeans of transportation such as transport by road, sea and air. While the Indian railways is planning infrastructureaugmentation and other necessary improvements to the railway network, competition in freight traffic from the road sectoris likely to intensify further, after the present projects for upgrading road networks are completed. For many decades, the Indianrailways’ share of the freight market had been progressively decreasing. The Indian railways vulnerability to competition fromother means of transportation could increase if cross-subsidies between freight and passenger fares remain at the currenthigh levels, particularly when the road network improves, and oil pipelines are built. Therefore any slowdown in the growthof the Indian railways sector and changes in the policies of, or in the level of direct or indirect support to us provided by, theGovernment in these or other areas could have a material adverse effect on our business, financial condition and resultsof operations.8. We face competition from financial and other institutions in raising funds from the market and may not be able to raise fundson terms beneficial to us.: We face competition from financial and other institutions aiming to raise funds from the market.In the event that the terms and conditions of the debt instruments offered by such institutions is more attractive than thoseoffered by us, we may not be able to raise debt from the market to the extent and on terms and conditions beneficial to us.

9. The composition of the Company’s Audit Committee and the Remuneration Committee is not compliant with thecorporate governance guidelines issued by the Department of Public Enterprises. As per the corporate governance guidelinesissued by the Department of Public Enterprises, two-thirds of the members of the Audit Committee of the Companyare required to be independent directors and all the members of the Remuneration Committee of the Company arerequired to be independent directors or nominee directors. In October 2011, due to completion of tenure of twoindependent directors of the Company, they ceased to be the Directors on the board of the Company. As a result, theAudit Committee which previously comprised of two independent directors and the Managing Director, now comprisesonly of the Managing Director. Further, before the corporate governance guidelines were issued by the Departmentof Public Enterprises, the Board had constituted a Remuneration Committee on January 30, 2009, which comprisedof three Independent Directors and the Managing Director. The Company has not reconstituted the RemunerationCommittee after the issuance of the aforesaid guidelines. The Remuneration Committee would be reconstituted afterthe appointment of the new Independent Directors. The Independent Directors on the board of the Company areappointed by the Ministry of Railways for which the Company has already put in a request by its letter dated January7, 2011.10. We are subject to restrictive covenants under our credit facilities that could limit our flexibility in managing our business.: There are restrictive covenants in the agreements we have entered into with certain banks and financial institutionsin relation to our borrowings and the consents received from our lenders in relation to the Issue. These restrictivecovenants require us to maintain certain financial ratios, obtaining insurance for our assets and seek the prior permissionof these banks/financial institutions for various activities, including, amongst others, selling, leasing, transferring orotherwise disposing of any part of our assets, effecting any scheme of amalgamation or reconstitution, implementinga new scheme of expansion or taking up an allied line of business etc. Further certain of such agreements contain crossdefault provisions as per which we may be held to be in breach of such agreements if we breach the terms of other loanagreements. Further certain of our lenders have the right to recall the loans advanced at anytime at their discretion. Wecannot assure that we will be able to comply with all such conditions at all times. Accordingly, such restrictive covenantsin our loan and bond documents may restrict our operations or ability to expand and thereby may adversely affect ourbusiness.11. Our success is dependent upon our management team and our ability to attract and retain skilled personnel.: We havea management structure comprising 19 employees as on November 30, 2011. Besides the Managing Director, DirectorFinance and officers in the executive rank comprise of 3 general managers, 1 manager and 1 assistant manager. Ourfuture performance will be dependent on the continued service of our management team and our ability to attract andretain skilled personnel, as we rely on their experience and their ability to identify risks and opportunities in our business,and grow our business activities. Considering the small size of our management team, our ability to identify, recruit andretain our employees is critical. We do not maintain any key man insurance policy. Inability to attract and retainappropriate managerial personnel, or the loss of key personnel could adversely affect our business, prospects, resultsof operations, financial condition.12. We do not own our registered office premises and consequently do not have title to the premises at present.: We have enteredinto agreements to sale dated April 11, 2002 and November 21, 2002 in respect of the premises where our registeredoffice is located, pursuant to terms of agreements to sale we took possession of our registered office. However, executionof the sale deed in respect such premises is pending and is subject to the permission of the government. Accordingly,we presently do not hold title to such premises. 13. We may fail to obtain certain regulatory approvals in the ordinary courseof our business in a timely manner or at all, or to comply with the terms and conditions of our existing regulatory approvalsand licenses which may have a material adverse effect on the continuity of our business and may impede our effective operationsin the future. We require certain regulatory approvals, sanctions, licenses, registrations and permissions for operatingand expanding our business. We may not receive or be able to renew such approvals in the time frames anticipatedby us, or at all, which could adversely affect our business. If we do not receive, renew or maintain the regulatory approvalsrequired to operate our business it may have a material adverse effect on the continuity of our business and may impedeour effective operations in the future. In addition to the numerous conditions required for the registration as a NBFCwith the RBI, we are required to maintain certain statutory and regulatory approvals for our business. In the future, wewill be required to obtain new approvals for any proposed operations. There can be no assurance that the relevantauthorities will issue any of such approvals in the time-frame anticipated by us or at all. Failure by us to obtain the requiredapprovals may result in the interruption of our operations and may have a material adverse effect on our business,financial condition and results of operations. There may be future changes in the regulatory system or in the enforcementof the laws and regulations including policies or regulations or legal interpretations of existing regulations, relating toor affecting interest rates, taxation, inflation or exchange controls, that could have an adverse effect on non-deposittaking NBFCs. In addition, we are required to make various filings with the RBI, the RoC and other relevant authoritiespursuant to the provisions of RBI regulations, Companies Act and other regulations. If we fail to comply with theserequirements, or a regulator claims we have not complied with such requirements, we may be subject to penalties.Moreover, these laws and regulations can be amended, supplemented or changed at any time such that we may berequired to restructure our activities and incur additional expenses in complying with such laws and regulations, whichcould materially and adversely affect our business. In addition, any historical or future failure to comply with the termsand conditions of our existing regulatory or statutory approvals may cause us to lose or become unable to renew suchapprovals. For further details, see section titled “Regulations and Policies” on page 65 of the Shelf Prospectus.14. Our Company does not have a registered trademark for our logo “ ”and our ability to use the trademark and logo maybe impaired. : Our Company does not have its logo “ ”, registered under the Trademarks Act, 1999, as amended.In the event that the Company’s logo either infringe the intellectual property rights of another person or the logo is usedor claimed by a third party, our Company’s ability to use such logo may be restricted or lost.15. If we are unable to manage our growth effectively, our business and financial results could be adversely affected.: Our businesshas grown since we began operations in 1986. Our total assets increased from ` 26,22,597.02 lakhs as of March 31,2007 to ` 53,60,651.62 lakhs as of September 30, 2011.We intend to continue to grow our business, which could placesignificant demands on our financial and other internal risk controls. It may also exert pressure on the adequacy of ourcapitalization, making management of asset quality increasingly important. Our asset growth will be primarily fundedby the issuance of new debt. We may have difficulty in obtaining funding on attractive terms. Adverse developmentsin the Indian credit markets, such as the recent increase in interest rates, may significantly increase our debt service costsand the overall cost of our funds. Any inability to manage our growth effectively on favorable terms could have a materialadverse effect on our business and financial performance.16. The proposed adoption of IFRS could result in our financial condition and results of operations appearing materiallydifferent than under Indian GAAP. : We may be required to prepare annual and interim financial statements under IFRSin accordance with the roadmap for the adoption of, and convergence with, IFRS announced by the Ministry ofCorporate Affairs, Government in January, 2010. The convergence of certain Indian Accounting Standards with IFRSwas notified by the Ministry of Corporate Affairs on February 25, 2011. The date of implementing such converged Indianaccounting standards has not yet been determined, and will be notified by the Ministry of Corporate Affairs in due courseafter various tax-related and other issues are resolved. Our financial condition, results of operations, cash flows orchanges in shareholders’ equity may appear materially different under IFRS than under Indian GAAP. This may havea material adverse effect on the amount of income recognized during that period and in the corresponding period inthe comparative period. In addition, in our transition to IFRS reporting, we may encounter difficulties in the ongoingprocess of implementing and enhancing our management information systems. Moreover, our transition may behampered by increasing competition and increased costs for the relatively small number of IFRS-experienced accountingpersonnel available as more Indian companies begin to prepare IFRS financial statements.17. For the Financial Years commencing on or after April 1, 2011, the Company is required to prepare its annual financialstatements as per revised Schedule VI to the Companies Act, as notified by the Ministry of Corporate Affairs, as a result of whichour financial ratios may appear materially different.: The revised Schedule VI of the Companies Act deals with the formof balance sheet, profit and loss account and disclosures to be made therein and will lead to realignment of itemsappearing in the balance sheet and profit and loss statement. Thus our financial ratios may appear materially differentunder the revised Schedule VI than as under the existing format being followed by us.RISKS RELATING TO THE INDIAN ECONOMY: We are an Indian company and all of our assets and customers arelocated in India. Consequently, our financial performance will be influenced by political, social and economicdevelopments in India and in particular by the policies of the Government.18. A slowdown in economic growth in India could adversely impact our business.: We are dependent on prevailingeconomic conditions in India and our results of operations are significantly affected by factors influencing the Indianeconomy. Any slowdown in economic growth in India could adversely affect us, including our ability to grow our loanportfolio, the quality of our assets, and our ability to implement our strategy. Any slowdown in the growth or negativegrowth of the Indian railways sectors where we have a high exposure could adversely impact our performance. Any suchslowdown could adversely affect our business, prospects, results of operations and financial condition.19. Financial instability in other countries may cause increased volatility in Indian financial markets.: The Indian market andthe Indian economy are influenced by global economic and market conditions. Financial turmoil in Asia and elsewherein the world in recent years has affected the Indian economy. Although economic conditions are different in each country,investors’ reactions to developments in one country can have adverse effects on the securities of companies in othercountries, including India. A loss of investor confidence in the financial systems of other markets may cause increasedvolatility in Indian financial markets and, indirectly, in the Indian economy in general. The global credit and equitymarkets have recently experienced substantial dislocations, liquidity disruptions and market corrections. In particular,sub-prime mortgage loans in the United States have experienced increased rates of delinquency, foreclosure and loss.Since September 2008, liquidity and credit concerns and volatility in the global credit and financial markets increasedsignificantly with the bankruptcy or acquisition of, and government assistance extended to, several major U.S. andEuropean financial institutions. These and other related events have had a significant impact on the global credit andfinancial markets as a whole, including reduced liquidity, greater volatility, widening of credit spreads and a lack of pricetransparency in the United States and global credit and financial markets. In response to such developments, legislatorsand financial regulators in the United States and other jurisdictions, including India, have implemented a number ofpolicy measures designed to add stability to the financial markets. However, the overall impact of these and otherlegislative and regulatory efforts on the global financial markets is uncertain, and they may not have the intendedstabilising effects. In the event that the current difficult conditions in the global credit markets continue or if there areany significant financial disruption, this could have an adverse effect on the Company’s business, our future financialperformance and the price of the Bonds.20. Natural calamities could have a negative impact on the Indian economy which could adversely affect our business, our futurefinancial performance and the price of the Bonds.: Natural calamities could have a negative impact on the Indian economyand harm our business. India has experienced natural calamities such as earthquakes, floods, drought and a tsunamiin recent years, including the tsunami that struck the southern coast of India and other Asian countries in December2004, the severe flooding in Mumbai in July 2005 and the earthquake that struck India and other Asian countries inOctober 2005. Natural calamites could have an adverse impact on the Indian economy which could adversely affectour business, our future financial performance and the price of the Bonds.21. Any down-grading of India’s debt rating by an international rating agency could have a negative impact on our businessand the trading price of the Bonds.: Any adverse revisions to India’s credit ratings for domestic and international debtby international rating agencies may adversely affect the terms on which the Company is able to raise finance, our futurefinancial performance and the price of the Bonds.22. Investors may have difficulty enforcing foreign judgments in India against the Company or our management.: We area public limited company incorporated under the laws of India. All of the Company’s Directors and executive officersare residents of India and all the assets of the Company and such persons are located in India. As a result, it may not

be possible for investors to effect service of process on the Company or such persons in jurisdictions outside of India,or to enforce against them judgments obtained in courts outside of India. In addition, India is not a party to anyinternational treaty in relation to the recognition or enforcement of foreign judgments. Recognition and enforcementof foreign judgments is provided for under section 13 and section 44A of the Code of Civil Procedure, 1908 of India(Civil Code). Section 44A of the Civil Code provides that where a foreign judgment has been rendered by a superiorcourt in any country or territory outside India which the Indian Government has by notification declared to be areciprocating territory, it may be enforced in India by proceedings in execution as if the judgment had been renderedby the relevant court in India. However, section 44A of the Civil Code is applicable only to monetary decrees not beingin the nature of any amounts payable in respect of taxes or other charges of a like nature or in respect of a fine or otherpenalty and is not applicable to arbitration awards, even if such awards are enforceable as a decree or judgment. TheUnited States has not been declared by the Indian Government to be a reciprocating territory for the purposes of section44A of the Civil Code. However, the United Kingdom has been declared by the Indian Government to be a reciprocatingterritory and the High Courts in England as the relevant superior courts. Accordingly, a judgment of a court in the UnitedStates may be enforced only by a fresh suit upon the judgment and not by proceedings in execution whereas, ajudgment of a superior court in the United Kingdom may be enforceable by proceedings in execution, and a judgmentnot of a superior court, by a fresh suit resulting in judgment or order. A judgment of a court in a jurisdiction which is nota reciprocating territory may be enforced only by a new suit upon the judgment and not by proceedings in execution.Section 13 of the Civil Code provides that a foreign judgment shall be conclusive as to any matter thereby directlyadjudicated upon except: (i) where it has not been pronounced by a court of competent jurisdiction; (ii) where it hasnot been given on the merits of the case; (iii) where it appears on the face of the proceedings to be founded on anincorrect view of international law or a refusal to recognise the law of India in cases where such law is applicable; (iv)where the proceedings in which the judgment was obtained were opposed to natural justice; (v) where it has beenobtained by fraud; or (vi) where it sustains a claim founded on a breach of any law in force in India. The suit must bebrought in India within three years from the date of the judgment in the same manner as any other suit filed to enforcea civil liability in India. It is unlikely that a court in India would award damages on the same basis as a foreign courtif an action is brought in India. Furthermore, it is unlikely that an Indian court would enforce a foreign judgment if itviewed the amount of damages awarded as excessive or inconsistent with Indian practice and it is uncertain whetheran Indian court would enforce foreign judgments that would contravene or violate Indian law. A party seeking to enforcea foreign judgment in India is required to obtain approval from the RBI under the Foreign Exchange ManagementAct, 1999 to execute such a judgment to repatriate outside India any amount recovered pursuant to execution. Anyjudgment in a foreign currency would be converted into Indian Rupees on the date of the judgment and not on thedate of the payment. The Company cannot predict whether a suit brought in an Indian court will be disposed of in atimely manner or be subject to considerable delays.23. There may be less information available in the Indian securities markets pertaining to our Company as compared toinformation available for companies in securities market of more developed countries.: There is a difference between thelevel of regulation, disclosure and monitoring of the Indian securities market and the activities of investors, brokers andother participants and that of markets in the United States and other more developed economies. SEBI is responsiblefor ensuring and improving disclosure and other regulatory standards for the Indian securities markets. SEBI has issuedregulations and guidelines on disclosure requirements and other matters. There may, however, be less publiclyavailable information about Indian companies than is regularly made available by public companies in moredeveloped economies. As a result investors may have access to less information about the business, results ofoperations and financial conditions of the Company, and those of the competitors that are listed on the BSE Limitedand the National Stock Exchange of India Limited and other stock exchanges in India on an on-going basis than aninvestor may find in the case of companies subject to reporting requirements of other more developed countries. Thereis a lower level of regulation and monitoring of the Indian securities market and the activities of investors, brokers andother participants than in certain organisations for economic cooperation and development (OECD) countries. SEBIreceived statutory powers in 1992 to assist it in carrying out our responsibilities for improving disclosure and otherregulatory standards for the Indian securities market. Subsequently, SEBI has prescribed certain regulations andguidelines in relation to disclosure requirements and other matters relevant to the Indian securities markets. However,there may still be less publicly available information about Indian companies than is regularly made available by publiccompanies in certain OECD countries.24. The proposed new taxation system could adversely affect our business and the price of the bonds. : The Governmentproposes to introduce two major reforms in Indian tax laws, namely the Goods and Services Tax and the Direct TaxesCode, both of which are currently proposed to be effective from 1 April, 2012. The Goods and Services Tax would replacethe indirect taxes on good and services such as central excise duty, service tax, customs duty, central sales tax, surchargeand cess currently being collected by the central and state governments. The Government has tabled a Direct TaxesCode Bill in the Parliament but is yet to be passed. The proposed DTC aims to reduce distortions in tax structure,introduce moderate levels of taxation and expand the tax base. It appears to consolidate and amend laws relating toall direct taxes such as income tax, dividend distribution tax, fringe benefit tax and wealth tax and to facilitate voluntarycompliance. Since the taxation system is likely to be overhauled, our long-term effects on the Company and otherNBFCs are unclear as at the date of the Shelf Prospectus and it could adversely affect our business, financial conditionand results of operations and the price of the notes.25. The Bonds are classified as ‘tax free bonds’ eligible for tax benefits under Section 10(15)(iv)(h) of the Income Tax Act, upto an amount of interest on such bonds. : The Bonds are classified as ‘tax free bonds’ issued in terms of Section10(15)(iv)(h)of the Income Tax Act and the notification dated September 23, 2011, issued by the CBDT. In accordancewith the said section, the amount of interest on such bonds shall be entitled to exemption under the provisions of IncomeTax Act. Therefore only the amount of interest on bonds is exempt and not the actual amount of investment.26. Political instability or changes in the government could delay the liberalization of the Indian economy and adversely affecteconomic conditions in India generally, which could impact our financial results and prospects.: We are incorporated inIndia, derive our revenues from operations in India and all our assets are located in India. Consequently, ourperformance may be affected by interest rates, government policies, taxation, social and ethnic instability and otherpolitical and economic developments affecting India. The Government has traditionally exercised and continues toexercise significant influence over many aspects of the Indian economy. Our business may be affected by changes inthe Government’s policies, including taxation. Since 1991, successive Indian governments have pursued policies ofeconomic liberalization, including significantly relaxing restrictions on the private sector. However, there can be noassurance that such policies will be continued and any significant change in the Government’s policies in the futurecould affect our business and economic conditions in India in general. In addition, any political instability in India orgeo-political instability affecting India will adversely affect the Indian economy in general, which could affect ourbusiness. Although, the current government has announced policies and taken initiatives that support the economicliberalization policies, the rate of economic liberalization could change, and specific laws and policies affectingbanking and finance companies, foreign investment and other matters affecting investment in our securities couldchange as well. Any major change in government policies might affect the growth of Indian economy and therebynegatively impact our growth prospects.27. Difficulties faced by other financial institutions or the Indian financial sector generally could cause our business to suffer.:We are exposed to the risks consequent to being part of the Indian financial sector. This sector in turn may be affectedby financial difficulties and other problems faced by Indian financial institutions. Certain Indian financial institutionshave experienced difficulties during recent years. Any major difficulty or instability experienced by the Indian financialsector could create adverse market perception, which in turn could adversely affect our business and financial performance.28. Our business and activities will be regulated by the Competition Act, 2002 (“Competition Act”) and any application of theCompetition Act to us could have a material adverse effect on our business, financial condition and results of operations.:The Competition Act is designed to prevent business practices that have an appreciable adverse effect on competitionin India. Under the Competition Act, any arrangement, understanding or action in concert between enterprises,whether formal or informal, which causes or is likely to cause an appreciable adverse effect on competition in Indiais void and attracts substantial monetary penalties. Any agreement which directly or indirectly determines purchase orsale prices, limits or controls production, shares the market by way of geographical area, market or number of customersin the market is presumed to have an appreciable adverse effect on competition. Further, if it is proved that thecontravention committed by a company took place with the consent or connivance or is attributable to any neglect onthe part of, any director, manager, secretary or other officer of such company, that person shall be guilty of thecontravention and liable to be punished. For more information, see section titled “Regulations and Policies” on page65 of the Shelf Prospectus. The effect of the Competition Act on the business environment in India is unclear. If weare affected, directly or indirectly, by any provision of the Competition Act, or its application or interpretation, includingany enforcement proceedings initiated by the Competition Commission and any adverse publicity that may begenerated due to scrutiny or prosecution by the Competition Commission, it may have a material adverse effect onour business, financial condition and results of operations.29. Terrorist attacks, civil unrest and other acts of violence or war involving India and other countries could adversely affect thefinancial markets and our business.: India has from time to time experienced social and civil unrest and hostilities withinitself and with neighbouring countries. India has also experienced terrorist attacks in some parts of the country. Thesehostilities and tensions and/or the occurrence of terrorist attacks have the potential to cause political or economicinstability in India and adversely affect our business and future financial performance. Further, India has also experiencedsocial unrest in some parts of the country. If such tensions occur in other parts of the country, leading to overall politicaland economic instability, it could have an adverse effect on our business, prospects, results of operations and financialcondition. These acts may also result in a loss of business confidence, make travel and other services more difficult andultimately adversely affect our business.30. Our ability to raise foreign currency borrowings may be constrained by Indian law.: As an Indian company, we are subjectto exchange controls that regulate borrowing in foreign currencies. Such regulatory restrictions limit our financingsources and hence could constrain our ability to obtain financing on competitive terms and refinance existing indebtedness.In addition, we cannot assure you that the required approvals will be granted to us without onerous conditions, if atall. Limitations on raising foreign debt may have an adverse effect on our business, financial condition and results ofoperations.RISKS RELATING TO THE BONDS: 31. There has been no prior public market for the Bonds and the same may not developin future, therefore the price of the Bonds may be volatile. The Bonds have no established trading market. There can beno assurance that an active public market for the Bonds will develop or be sustained. The liquidity and market pricesof the Bonds can be expected to vary with changes in market and economic conditions, our financial condition andprospects and other factors that generally influence market price of Bonds. Accordingly, the Bonds, may trade at adiscount to the price at which the Bonds are being issued.32. There is no guarantee that the Bonds issued pursuant to this Issue will be listed on NSE and BSE in a timely manner,or at all. : In accordance with Indian law and practice, permissions for listing and trading of the Bonds issued pursuantto this Issue will not be granted until after the Bonds have been issued and allotted. Approval for listing and tradingwill require all relevant documents authorising the issuing of Bonds to be submitted. There could be a failure or delayin listing the Bonds on the NSE and/ or BSE.33. Foreign investors, including NRIs and FIIs subscribing to the Bonds are subject to risks in connection with (i) exchangecontrol regulations, and, (ii) fluctuations in foreign exchange rates.: The Bonds will be denominated in Indian rupees andthe payment of interest and redemption amount shall be made in Indian rupees. Various statutory and regulatoryrequirements and restrictions apply in connection with the Bonds held by NRIs and FIIs (“Exchange Control Regulations”).Amounts payable to NRIs and FIIs holding the Bonds, on redemption of the Bonds and/or the interest paid/payablein connection with such Bonds would accordingly be subject to prevailing Exchange Control Regulations in case of

RISK FACTORS

IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

8 INDIAN RAILWAY FINANCE CORPORATION LIMITED

applicants who have invested on repatriation basis. Any change in the Exchange Control Regulations may adverselyaffect the ability of such NRIs and FIIs to convert such amounts into other currencies, in a timely manner or at all. Further,fluctuations in the exchange rates between the Indian rupee and other currencies could adversely affect the amountsrealized by NRIs and FIIs on redemption or payment of interest on the Bonds by us.34. There may be a delay in making refunds to applicants.: We cannot assure that the monies refundable to applicants,on account of (a) withdrawal applications, (b) withdrawal of the Issue, or (c) failure to obtain the final approval from theexchanges for listing of Bonds, (d) non allotment due to technical rejections or over subscriptions, will be refunded tothe applicants in a timely manner.35. Risks relating to any international regulations, taxation rules apply as the Issue may be marketed to FIIs.: The Bonds have notbeen recommended by any U.S. federal or state securities commission or regulatory authority. Furthermore, the foregoingauthorities have not confirmed the accuracy or determined the adequacy of the Shelf Prospectus. Any representation tothe contrary is a criminal offence in the United States and may be a criminal offence in other jurisdictions. The Bonds havenot been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or anystate securities laws in the United States and may not be offered or sold within the United States under the U.S. SecuritiesAct, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S.Securities Act and applicable state securities laws in the United States. Further, any person making or intending to makean offer within the European Economic Area of Bonds which are the subject of the Issue contemplated in the ShelfProspectus should only do so in circumstances in which no obligation arises for IRFC to produce a prospectus for such offer.Additionally, our Bonds are quoted in Indian rupees in India and investors may be subject to potential losses arising out

GENERAL INFORMATIONOur Company was incorporated on December 12, 1986 under the Companies Act as a public limitedcompany registered with the Registrar of Companies, National Capital Territory of Delhi and Haryanaand received our certificate for commencement of business on December 23, 1986. The GoI, Ministry ofRailways, incorporated our Company as a financial arm of Indian Railways, for the purpose of raisingthe necessary resources for meeting the developmental needs of the Indian Railways. The President ofIndia along with nominees is holding 100% of our equity share capital. For further details see sectiontitled “History and Certain Corporate Matter” on page 70 of the Shelf Prospectus. The Ministry of CorporateAffairs, through its notification dated October 8, 1993 published in the Official Gazette of India, classifiedour Company, as a Public Financial Institution under Section 4(A) of the Companies Act. Our Companywas registered with the RBI under 45-IA of RBI Act as a Non-Banking Finance Company withoutaccepting public deposits vide certificate of registration no. B-14.00013 dated February 16, 1998. TheCompany was later classified under the category “Infrastructure Finance Company” by the RBI througha fresh certificate of registration bearing no. B-14.00013 dated November 22, 2010. CBDT has vide itsNotification No. 52/2011 [F.No. 178/56/2011-(ITA 1)] dated September 23, 2011 authorised the Companyto raise tax free Bonds aggregating up to ` 10,00,000 lakhs in one or more tranches in the Fiscal Year2012, out of which, the Company has already raised through private placement route, an amount of `73,111 lakhs. The deemed date of allotment was November 8, 2011 and the date of refund wasDecember 1, 2011. The listing and trading in these bonds have commenced on NSE and BSE fromDecember 11, 2011 and December 8, 2011 respectively. Hence, the Company shall issue the Bonds uptoan aggregate amount of ` 6,30,000 lakhs through this Issue during the financial year 2011-12 out of thetotal permissible amount of ` 10,00,000 lakhs, as approved by its Board through its resolution datedJanuary 10, 2012. Registered Office : UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road,New Delhi -110 003. Tel.: +91 11 2436 9766/69. Fax: +91 11 2436 6710. Website: www.irfc.nic.in. Fordetails on changes in our Registered Office, see “History and Certain Corporate Matters” on page 70 of theShelf Prospectus.Credit Rating and Rationale1. CRISIL has reaffirmed the credit rating of “CRISIL AAA/Stable” (pronounced as “CRISIL Triple A withstable outlook”) for ` 20,59,438 lakhs long term borrowing programme of the Company (“Debt Programme”)vide its letter no. VR/FSR/IRFC/2011-12/1208 dated December 14, 2011. Instruments with this ratingare considered to have the highest degree of safety regarding timely servicing of financial obligations.Such instruments carry lowest credit risk. 2. ICRA has reaffirmed the credit rating assigned of “[ICRA]AAA” (pronounced as “ICRA triple A”) for the Debt Programme of the Company vide its letter no. D/RAT/2011-2012/11/13 dated December 19, 2011. Instruments with this rating are considered to have thehighest degree of safety regarding timely servicing of financial obligations. Such instruments carrylowest credit risk. 3. CARE has reaffirmed the credit rating of “CARE AAA (pronounced as triple A)” forthe Debt Programme of the Company vide its letter dated December 14, 2011. Instruments with thisrating are considered to have the highest degree of safety regarding timely servicing of financial obligations.Such instruments carry lowest credit risk. For details in relation to the rationale for the credit rating byCRISIL, ICRA and CARE, see Annexure II of the Shelf Prospectus. Further, kindly note these ratings arenot a recommendation to buy, sell or hold securities and investors should take their own decision. Theseratings are subject to revision or withdrawal at any time by the assigning rating agency (ies) and shouldbe evaluated independently of any other ratings.Expert Opinion: Except the letters dated December 14, 2011, December 19, 2011 and December 14,2011 issued by CRISIL, ICRA and CARE respectively, in respect of the credit rating for the DebtProgramme (bonds and long term loans) of the Company, and the report dated January 9, 2012 on ouraudited financial statements for the financial year ending March 31, 2007, March 31, 2008, March 31,2009, March 31, 2010, March 31, 2011 and for the half year ended September 30, 2011 and statementof tax benefits dated January 9, 2012 issued by Dhawan & Co., Chartered Accountants, StatutoryAuditors of the Company, the Company has not obtained any expert opinion.Minimum Subscription: In terms of the SEBI Debt Regulations, an issuer undertaking a public issue ofdebt securities may disclose the minimum amount of subscription that it proposes to raise through theissue in the offer document. The Company has decided not to stipulate minimum subscription amountfor this Issue.UnderwritingThis Issue is not underwritten.ISSUE PROGRAMME*

ISSUE OPENS ON FRIDAY, JANUARY 27, 2012ISSUE CLOSES ON FRIDAY, FEBRUARY 10, 2012

*The subscription l ist for the Issue shall remain open for subscr iption at the commencement ofbanking hours and close at the close of banking hours, with an option for early closure (subject to theIssue being open for a minimum of 3 days) or extension by such period, upto a period of 30 days fromthe date of opening of the Issue, as may be decided by the Board of Directors/ Committee of theCompany, subject to necessary approvals, if any. In the event of such early closure of the subscriptionlist of the Issue, our Company shall ensure that public notice of such early closure is published onor before the day of such early date of closure through advertisement/s in a leading national dailynewspaper.CAPITAL STRUCTUREDetails of Share CapitalOur share capital as on the date of the Shelf Prospectus is set forth below:

(in ` lakhs)Aggregate value

Authorised share capital50,000,000 Equity Shares of ` 1,000 each 500,000.00

Issued, subscribed and paid up share capital16,020,000 Equity Shares of ` 1,000 each 160,200.00Securities premium account Ni l

For further details on Capital Structure please refer to page no. 40 of the Shelf Prospectus.OBJECTS OF THE ISSUEIssue ProceedsThe Company shall issue Bonds upto an aggregate amount of ` 6,30,000 lakhs in one or more tranche(s),on or prior to March 31, 2012 pursuant to CBDT’s Notification No. 52/2011 [F.No. 178/56/2011-(ITA 1)]dated September 23, 2011 which authorised the Company to raise tax free bonds aggregating up to `10,00,000 lakhs in the financial year 2011-12. Out of the said ` 10,00,000 lakhs, the Company hasalready raised through private placement route, tax free bonds aggregating ` 73,111 lakhs.Utilisation of Issue ProceedsThe funds raised through this Issue will be utilized towards the following purposes: 1. Financing theacquisition of rolling stock which will be leased to the MoR in line with present business activities; and2. Financing the capacity enhancement works in the Indian Railways like gauge conversion, electrification,doubling, traffic facilities and signalling and traffic works (“S&T Works”). For further details in relationto the aforesaid business and associated risk, see sections titled “Our Business” and “Risk Factors”beginning on page 55 and 9 respectively of the Shelf Prospectus. We shall utilize the Issue proceedsonly upon creation of security as stated in the Prospectus Tranche - 1 in the section titled — “Terms of theIssue - Security” and after permission or consent for creation of security pursuant to the terms of theDebenture Trust Deed sought to be provided as security.The main objects clause of our Memorandum of Association permits our Company to undertake itsexisting activities as well as the activities for which the funds are being raised through this Issue.Our Company is a public sector enterprise and, as such, we do not have any identifiable ‘group’ companiesor ‘companies under the same management’. Further, in accordance with the SEBI Debt Regulations,IRFC will not utilize the proceeds of the Issue for providing loans to or acquisition of shares of any personwho is part of the same group or who is under the same management.Interim use of ProceedsThe Board of Directors of the Company, in accordance with the policies formulated by them from timeto time, will have flexibility in deploying the proceeds received from the Issue. Pending utilization of theproceeds out of the Issue for the purposes described above, the Company intends to temporarily investfunds in high quality interest bearing liquid instruments including money market mutual funds, depositswith banks or temporarily deploy the funds in investment grade interest bearing securities or intercorporate loans as may be approved by the Board. Such investment would be in accordance with theinvestment policies approved by the Board or any committee thereof from time to time.Monitoring of Utilization of FundsIn terms of the SEBI Debt Regulations, there is no requirement for appointment of a monitoring agencyin relation to the use of proceeds of the Issue. Our Board of Directors shall monitor the utilisation of theproceeds of the Issue. Our Company will disclose in our financial statements for the relevant fiscalcommencing from Fiscal 2012, the utilisation of the proceeds of the Issue under a separate head alongwith any details in relation to all such proceeds of the Issue that have not been utilized thereby alsoindicating investments, if any, of such unutilized proceeds of the Issue. We shall utilize the proceeds ofthe Issue only upon the execution of the documents for creation of security as stated in the ShelfProspectus in the section titled “Terms of the Issue - Security” on page 42 of Prospectus Tranche -1 andupon the listing of the Bonds. We propose to issue Bonds to NRIs on a non-repatriable as well as

repatriable basis. Under the provisions of the Foreign Exchange Management (Borrowing and Lendingin Rupees) Regulations, 2000, as amended, any monies borrowed from a person resident outside Indiacannot be used: (a) for any purpose except in ones own business other than (i) the business of chit fund,(ii) as Nidhi Company, (iii) agricultural or plantation activities or real estate business; or construction offarm houses; or (iv) trading in Transferable Development Rights (TDRs); or (b) for any investment, whetherby way of capital or otherwise, in any company or partnership firm or proprietorship concern or any entity,whether incorporated or not, or for the purpose of re-lending. To ensure compliance with the aforementioned,the Company shall open and maintain a separate escrow account with the Escrow Collection Bank(s) inconnection with all application monies received from NRIs, (“NRI Escrow Account”). All applicationmonies received from NRI applicants shall be deposited in the NRI Escrow Account maintained witheach Escrow Collection Bank(s). Upon creation of security as disclosed in the Shelf Prospectus, theEscrow Collection Bank(s) shall transfer the monies from the NRI Escrow Accounts to a separate bankaccount, (“NRI Account”), which shall be different from the Public Issue Account. The Company shall atall times ensure that any monies kept in the NRI Escrow Account and/or the NRI Account shall be utilisedonly in accordance with and subject to the restrictions contained in the Foreign Exchange Management(Borrowing and Lending in Rupee) Regulations, 2000, and other applicable statutory and/or regulatoryrequirements.Issue Expenses* : For details please refer to page no. 23 of the Prospectus Tranche - 1.Undertakings with respect to Issue Proceeds : The Company undertakes the following: 1. That in accordancewith the SEBI Debt Regulations, it will not utilize the issue proceeds for providing loans to or acquisitionof shares of any person who is part of the same group or who is under the same management; 2. Otherthan as mentioned in the section titled “Objects of the Issue”, the Issue proceeds shall not be util izedtowards full or part consideration for the purchase or any acquisition, including by way of a lease, of anyproperty; and 3. The Issue Proceeds from Bonds allotted to Banks will not be utilized for any purposewhich may be in contravention of the RBI guidelines on bank financing to NBFCs including those relatingto classification as capital market exposure or any other sectors that are prohibited under the RBIregulations.STATEMENT OF TAX BENEFITS : For details please refer to page no. 25 of the Prospectus Tranche - 1.INDUSTRY OVERVIEW : For details please refer to page no. 48 of the Shelf Prospectus.OUR BUSINESS : For details please refer to page no. 55 of the Shelf Prospectus.REGULATIONS AND POLICIES : For details please refer to page no. 65 of the Shelf Prospectus.HISTORY AND CERTAIN CORPORATE MATTERS : For details please refer to page no. 70 of the ShelfProspectus.OUR MANAGEMENT : The following are Directors on the Board of the Company Ms. Vijaya Kanth, Mr.Rajiv Datt, Mr. D. C. Arya , Mr. Rajesh Khullar. For details please refer to page no. 74 of the ShelfProspectus.FINANCIAL INDEBTEDNESSFor details of the outstanding borrowings of the Company as on November 30, 2011, see “FinancialIndebtedness” on page no. 79 of the Shelf Prospectus.LEGAL AND OTHER INFORMATIONOUTSTANDING LITIGATION AND MATERIAL DEVELOPMENTS : Except as described below, there areno outstanding litigations, suits or criminal or civil prosecutions, proceedings or tax liabilities against usand our Directors, that would have a material adverse effect on our business and there are no defaults,non-payment or overdue of statutory dues, institutional / bank dues and dues payable to holders of anydebentures, bonds and fixed deposits that would have a material adverse effect on our business otherthan unclaimed liabilities against us, as of the date of the Shelf Prospectus. For details please refer topage no. 93 of the Shelf Prospectus.OTHER REGULATORY AND STATUTORY DISCLOSURESAuthority for the Issue : The Board of Directors, at their meeting held on January 10, 2012 have approvedthe Issue, in one or more tranche(s), of tax free, secured, redeemable, non-convertible bonds in the natureof debentures of face value of ` 1,000 each, having tax benefits under Section 10(15)(iv)(h) of the IncomeTax Act, as amended, aggregating upto ` 6,30,000 lakhs in one or more tranche(s), on or prior to March31, 2012, subject to the provisions of the CBDT Notification. In accordance with the terms of the CBDTNotification, the aggregate volume of the issue of Bonds (having benefits under Section 10(15)(iv)(h) ofthe Income Tax Act) by the Company during the Fiscal 2012 shall not exceed ` 10,00,000 lakhs.Eligibility to make the Issue : The Company, the persons in control of the Company or its promoter havenot been restrained, prohibited or debarred by SEB1 from accessing the securities market or dealing insecurities and no such order or direction is in force.Consents : Consents in writing from the Directors, the Compliance Officer, the Statutory Auditors, Bankersto the Company, Bankers to the Issue, Lead Managers, Registrar to the Issue, Consortium Members forthe Issue, Legal Advisors to the Issue, Credit Rating Agencies and the Debenture Trustee, to act in theirrespective capacities, have been obtained and shall be filed along with a copy of each tranche prospectuswith the RoC. The Company has appointed Indian Bank as Debenture Trustee under regulation 4(4) ofthe SEBI Debt Regulations. The Debenture Trustee has given its consent to the Company for itsappointment under regulation 4(4) and also in all the subsequent periodical communications sent to theholders of debt securities.Common Form of Transfer : There shall be a common form of transfer for the Bonds held in physical formand relevant provisions of the Companies Act and all other applicable laws shall be duly complied within respect of all transfer of the Bonds and registration thereof.No Reservation or Discount : There is no reservation in this Issue nor will any discount be offered in thisIssue, to any category of Investors.Previous Public or Rights Issues by the Company during last five years : The Company has not undertakenany public or rights issue in last five years.Change in auditors of Our Company during the last three years : There has been no change in auditors ofour Company during the last three years and M/s Dhawan& Co. have been our auditors since FinancialYear 2008-09.Revaluation of assets : Our Company has not revalued its assets in the last five years.Statement by the Board of Directors: (i) All monies received out of each Tranche Issue of the Bonds to thepublic shall be transferred to a separate bank account other than the bank account referred to in sub-section (3) of section 73 of the Companies Act; (ii) Details of all monies utilised out of each Tranche Issuereferred to in sub-item (i) shall be disclosed under an appropriate separate head in our balance sheetindicating the purpose for which such monies were utilised; and (iii) Details of all unutilised monies outof the Tranche Issue referred to in sub-item (i), if any, shall be disclosed under an appropriate separatehead in our balance sheet indicating the form in which such unutilised monies have been invested. Thefunds raised by us from previous bonds issues have been utilised for our business as stated in therespective offer documents.DISCLAIMER CLAUSE OF NSE & BSE : AS REQUIRED, A COPY OF THE DRAFT OFFER DOCUMENT HASBEEN SUBMITTED TO NSE & BSE (THE STOCK EXCHANGES). NSE & BSE HAVE GIVEN VIDE THEIRLETTER REF.: NSE/LIST/157151-7 AND DCS/SP/PI-BOND/07/11-12, RESPECTIVELY BOTH DATEDJANUARY 19, 2012, PERMISSION TO THE ISSUER TO USE THE EXCHANGES’ NAME IN THIS OFFERDOCUMENT AS ONE OF THE STOCK EXCHANGES ON WHICH THIS ISSUER’S SECURITIES AREPROPOSED TO BE LISTED. THE EXCHANGES HAVE SCRUTINIZED THE DRAFT OFFER DOCUMENTFOR THEIR LIMITED INTERNAL PURPOSE OF DECIDING ON THE MATTER OF GRANTING THEAFORESAID PERMISSION TO THIS ISSUER. IT IS TO BE DISTINCTLY UNDERSTOOD THAT THEAFORESAID PERMISSION GIVEN BY THE STOCK EXCHANGES SHOULD NOT IN ANY WAY BE DEEMEDOR CONSTRUED THAT THE OFFER DOCUMENT HAS BEEN CLEARED OR APPROVED BY THE STOCKEXCHANGES; NOR DO THEY IN ANY MANNER WARRANT, CERTIFY OR ENDORSE THE CORRECTNESSOR COMPLETENESS OF ANY OF THE CONTENTS OF THIS OFFER DOCUMENT; NOR DO THEY WARRANTTHAT THIS ISSUER’S SECURITIES WILL BE LISTED OR WILL CONTINUE TO BE LISTED ON THEEXCHANGES; NOR DO THEY TAKE ANY RESPONSIBILITY FOR THE FINANCIAL OR OTHERSOUNDNESS OF THIS ISSUER, ITS PROMOTERS, ITS MANAGEMENT OR ANY SCHEME OF PROJECT OFTHIS ISSUER. EVERY PERSON WHO DESIRES TO APPLY FOR OR OTHERWISE ACQUIRE ANY SECURITIESOF THIS ISSUER MAY DO SO PURSUANT TO INDEPENDENT INQUIRY, INVESTIGATION AND ANALYSISAND SHALL NOT HAVE ANY CLAIM AGAINST THE EXCHANGES WHATSOEVER BY REASON OF ANYLOSS WHICH MAY BE SUFFERED BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITHSUCH SUBSCRIPTION/ ACQUISITION WHETHER BY REASON OF ANYTHING STATED OR OMITTED TOBE STATED HEREIN OR ANY OTHER REASON WHATSOEVER.Listing : The Bonds will be listed on NSE and BSE. We have obtained in-principle approval from NSEand BSE vide thei r let ter no. NSE/LIST/157151-7 and let ter no. DCS/SP/PI -BOND/07/11-12respectively, both dated January 19, 2012, for this Issue. If permission to deal in and for an officialquotation of the Bonds is not granted by NSE and or BSE, the Company will for thwith repay allmoneys received from the Applicants in terms of the relevant tranche prospectus. If such money is notrepaid within eight days after the Company becomes liable to repay it (i.e. from the date of refusalor within seven days from the Tranche Issue Closing Date, whichever is earlier), then the Companyand every Director of the Company who is an officer in default shall, on and from such expiry of eightdays, be liable to repay the money, with interest at the rate of 15% p.a. on application money, asprescribed under Section 73 of the Companies Act. The Company shall use best efforts to ensure thatall steps for the completion of the necessary formalities for listing at BSE and NSE will be takenwithin fifteen Working Days from the date of Allotment.Dividend : The Company has consistently paid dividend of 68.97 %, 20 %, 20 %, 9.17 % & 6.24 %for the financial years ended March 31, 2007, March 31, 2008, March 31, 2009, March 31, 2010 &March 31, 2011 respectively. The Total dividend paid for the financial year 2010-11 was ` 10,000

Lakhs.Mechanism for redressal of Investor grievances : Karvy Computershare Private Limited has been appointedas the Registrar to the Issue to ensure that Investor grievances are handled expedit iously andsatisfactorily and to effectively deal with Investor complaints. All grievances relating to the Issueshould be addressed to the Registrar to the Issue and the Compliance Officer giving full details ofthe Applicant, number of Bonds applied for, amount paid on application and Bankers to the Issue/ Designated Collection Centre / Agent to which the application was submitted.FINANCIAL INFORMATIONStatement of Asset and Liability for last Five Years and Latest Period:

(` in Lacs)Particulars Schedule Audited for Audited for the year ended

Half year ended 31.03.11 31.03.10 31.03.09 31.03.08 31.03.0730.09.2011

Sources of Funds1. Shareholders’ Funds

i. Share Capi tal 1 1 6 0 , 2 0 0 . 0 0 1 6 0 , 2 0 0 . 0 0 1 0 9 , 1 0 0 . 0 0 5 0 , 0 0 0 . 0 0 5 0 , 0 0 0 . 0 0 2 3 , 2 0 0 . 0 0ii. Share Appl i cati on Money - - - 3 0 , 0 0 0 . 0 0 - 2 6 , 8 0 0 . 0 0

ii i. Reserves and Surplus 2 2 8 8 , 5 4 9 . 6 0 2 6 8 , 3 9 6 . 6 1 2 3 1 , 4 4 7 . 9 5 1 9 8 , 0 7 0 . 4 6 1 9 2 , 5 7 6 . 4 6 1 6 2 , 1 2 4 . 6 3

448,749.60 428,596.61 340,547.95 278,070.46 242,576.46 212,124.632. Loan Funds 3

i. Secured- In India 3 , 4 8 4 ,2 6 0 . 6 1 3 , 1 1 0 ,9 3 9 . 1 1 2 , 7 7 8 ,2 6 9 . 7 6 2 , 2 4 0 ,2 4 8 . 1 8 1 , 8 8 4 ,4 5 9 . 8 2 1 , 6 1 4 ,6 0 5 . 9 6- Outs ide India 1 5 , 4 4 4 . 4 5 1 4 , 7 3 4 . 5 0 1 6 , 2 0 0 . 0 0 1 9 , 7 7 6 . 9 0 1 6 , 8 0 0 . 0 0 1 9 , 5 8 8 . 5 0

3,499,705.06 3,125,673.61 2,794,469.76 2,260,025.08 1,901,259.82 1,634,194.46ii. Unsecured Loans- In India - - 1 4 4 , 8 9 9 . 8 2 1 2 4 , 6 1 6 . 0 0 1 9 4 , 7 5 0 . 0 0 1 7 7 , 3 2 0 . 0 0

- Outs ide India 8 4 5 , 6 9 8 . 6 9 6 8 6 , 7 7 4 . 0 2 4 2 1 , 4 8 7 . 8 9 3 5 4 , 2 2 9 . 8 9 3 1 3 , 8 4 6 . 9 5 3 6 7 , 9 0 2 . 0 5

845,698.69 686,774.02 566,387.71 478,845.89 508,596.95 545,222.05Total Loan Funds 4,345,403.75 3,812,447.63 3,360,857.47 2,738,870.97 2,409,856.77 2,179,416.51

3. Deferred Tax Liability (Net) 283,891.42 270,143.21 246,702.23 225,655.23 185,465.08 171,014.01Total 5,078,044.77 4,511,187.45 3,948,107.65 3,242,596.66 2,837,898.31 2,562,555.15Application of Funds 4. AssetsFixed Assets-Gross Block 4 1 , 7 0 1 . 9 3 1 , 7 0 1 . 4 7 1 , 6 9 8 . 8 7 1 , 7 0 7 . 6 1 1 , 7 0 0 . 9 9 1 , 6 9 7 . 9 2

Less: Deprec iati on Net Block 3 8 1 . 0 9 3 6 4 . 4 9 3 2 9 . 8 5 3 0 8 . 5 2 2 8 0 . 9 1 2 4 0 . 7 61,320.84 1,336.98 1,369.02 1,399.09 1,420.08 1,457.16

5. Long Term Loans & Advances 5 4,973,085.41 4,531,822.44 3,839,232.51 3,156,191.09 2,702,551.90 2,473,072.206. Investments 6 1,779.98 1,897.56 199.85 199.85 199.85 199.857.Current Assets, Loans & Advances 7

Current Assets 3 3 3 , 9 7 6 . 5 0 9 9 , 0 2 2 . 6 0 1 9 3 , 9 0 0 . 3 5 1 3 7 , 3 0 2 . 0 2 1 7 3 , 0 0 8 . 8 3 1 0 8 , 7 4 3 . 6 0

Loans & Advances 5 0 , 4 8 8 . 8 9 3 4 , 9 4 1 . 8 1 3 1 , 5 8 9 . 2 7 4 2 , 6 3 0 . 7 4 4 2 , 0 7 8 . 1 2 3 9 , 1 2 4 . 2 1384,465.39 133,964.41 225,489.62 179,932.76 215,086.95 147,867.81

8. Less: Current Liabilities & Provisions 8Current Liabi li t i es 2 4 2 , 5 8 0 . 5 0 1 2 6 , 2 8 5 . 5 3 9 0 , 0 4 8 . 8 8 7 7 , 3 7 2 . 2 5 6 3 , 4 7 6 . 0 8 4 9 , 3 8 2 . 1 3P r o v i s i o n s 4 0 , 0 2 6 . 3 5 3 1 , 5 4 8 . 4 1 2 8 , 2 5 2 . 7 4 2 1 , 1 6 3 . 3 5 1 7 , 9 0 4 . 3 9 1 0 , 6 5 9 . 7 4

282,606.85 157,833.94 118,301.62 98,535.60 81,380.47 60,041.879. Net Current Assets 101,858.54 (23,869.53) 107,188.00 81,397.16 133,706.48 87,825.9410.Foreign Currency Monetray Item - - 118.27 3,409.47 - -Translation Difference11.Miscellaneous Expenditure - - - - 20.00 -

( to the ex tent not wr i tten off)

Total 5,078,044.77 4,511,187.45 3,948,107.65 3,242,596.66 2,837,898.31 2,562,555.15

Statement of Profit & Loss for last Five Years:(` in Lacs)

Particulars Schedule Audited for Audited for the year endedHalf year ended 31.03.11 31.03.10 31.03.09 31.03.08 31.03.07

30.09.2011Inc ome

Lease Income 2 0 0 , 2 3 4 . 4 1 3 4 9 , 1 9 8 . 7 8 3 0 7 , 3 7 6 . 1 0 2 7 2 , 6 4 5 . 1 7 2 3 7 , 4 3 3 . 6 1 2 1 0 , 2 3 6 . 7 9Income on Loa ns & Dep os i ts 1 7 , 5 5 1 . 5 8 3 2 , 6 0 6 . 3 4 3 5 , 9 8 5 . 6 2 2 8 , 6 8 8 . 7 4 2 0 , 7 9 2 . 8 2 1 4 , 1 9 3 . 2 3

Inco me on i nvestments 8 2 . 1 2 1 3 . 6 0 7 . 5 4 7 . 3 2 6 4 . 4 7 4 , 4 5 7 . 2 2

Exch ange ra te var ia ti on (G ain) - 4 . 8 5 1 , 1 1 6 . 1 0 1 9 5 . 8 5 1 , 4 0 5 . 0 0 -Other Income 9 8 1 1 . 3 4 2 , 3 4 1 . 5 8 3 , 9 0 8 . 3 1 9 4 1 . 0 1 2 , 7 8 2 . 5 7 4 . 9 0

Total 218,679.45 384,165.15 348,393.67 302,478.09 262,478.47 228,892.14Expend iture

Inter es t on B onds & l oans 1 0 1 6 7 , 1 0 6 . 5 9 2 8 2 , 9 0 1 . 5 1 2 4 5 , 7 5 7 . 6 4 2 1 6 , 2 7 9 . 6 2 1 8 1 , 0 2 8 . 4 2 1 4 7 , 7 0 7 . 9 9

Lease Rental s Paid 2 , 3 1 5 . 7 4 4 , 2 9 5 . 5 1 1 0 , 3 3 9 . 5 6 1 8 , 6 0 3 . 4 5 1 6 , 7 4 9 . 3 9 1 8 , 2 5 7 . 3 6

Salar y & Empl oyee Ben efi ts 1 1 8 8 . 5 6 2 0 2 . 5 8 1 5 5 . 5 0 1 6 6 . 1 4 9 5 . 4 6 6 7 . 6 2Admi ni s trati ve & Ot her Expe nses 1 2 6 4 1 . 7 0 4 1 4 . 3 1 2 6 9 . 3 2 4 6 4 . 3 4 2 3 2 . 5 9 2 4 6 . 8 6

Bond Serv i c i ng Expe nses 1 3 1 5 1 . 4 2 2 1 5 . 2 5 1 9 7 . 7 3 1 8 5 . 3 8 1 5 2 . 2 8 1 1 2 . 7 6

Bond Issue Expens es / 1 4 3 , 3 1 6 . 9 4 6 , 0 8 5 . 3 6 9 , 3 4 2 . 7 7 9 6 9 . 2 5 1 7 7 . 7 1 6 1 2 . 9 1Expen ses on l oans

D e p r e c i a t i o n 4 1 7 . 6 0 3 5 . 1 0 3 5 . 1 5 3 6 . 7 4 4 1 . 0 4 4 0 . 6 1

Exch ange ra te var ia ti on (L oss) 2 , 6 4 4 . 3 8 - - - - 6 7 4 . 9 7Amor ti sati on of Fore ign Curr ency

Mone tray It em Tran s lati o n Di ff. A /c - 1 8 1 . 0 4 3 , 4 5 5 . 1 5 - - -

Total 176,282.93 294,330.66 269,552.82 236,704.92 198,476.89 167,721.08Profit for the Year 42,396.52 89,834.49 78,840.85 65,773.17 64,001.58 61,171.06Prior Per iod Adjustment (Net Income) 1 5 ( 1 7 . 3 8 ) 0 . 0 2 ( 1 2 . 2 8 ) ( 4 . 4 4 ) ( 1 6 6 . 7 3 ) 2 . 6 2

Profit Before Tax 42,379.14 89,834.51 78,828.57 65,768.73 63,834.85 61,173.68Provision for Taxation- Curren t Year 8 , 4 7 7 . 9 4 1 7 , 9 2 3 . 1 3 1 3 , 5 1 2 . 5 0 7 , 5 0 0 . 0 0 7 , 2 2 7 . 0 0 6 , 3 7 5 . 4 0

- Ear l i er Ye ars - ( 5 0 . 0 0 ) - ( 1 . 5 3 ) - 4 3 1 . 3 1Deferr ed Tax

- Curren t Year 1 3 , 7 4 8 . 2 1 2 3 , 4 4 0 . 9 8 2 1 , 0 4 7 . 0 0 2 2 , 3 5 5 . 9 2 1 4 , 4 5 1 . 0 7 1 4 , 4 9 0 . 5 3

- Ear l i er Ye ars - - 1 7 , 8 2 8 . 3 7 - -Fr ing e Benefi t Tax - - - 6 . 8 1 5 . 4 5 6 . 6 9

Net Profit after Tax 20,152.99 48,520.40 44,269.07 18,079.16 42,151.33 39,869.75Appropriations:Inte r im Div idend Paid - 1 0 , 0 0 0 . 0 0 1 0 , 0 0 0 . 0 0 1 0 , 0 0 0 . 0 0 1 0 , 0 0 0 . 0 0 1 6 , 0 0 0 . 0 0

Div ide nd Tax - 1 , 6 6 0 . 8 7 1 , 6 9 9 . 5 0 1 , 6 9 9 . 5 0 1 , 6 9 9 . 5 0 2 , 2 4 4 . 0 0

Tran sfer t o Gener al Res erve - 5 , 0 0 0 . 0 0 4 , 5 0 0 . 0 0 1 , 9 0 0 . 0 0 4 , 2 1 6 . 0 0 4 , 0 0 0 . 0 0Transfer to Exchange Variation Reserve - - - 1 , 9 4 7 . 0 0 8 9 7 . 0 0 3 , 1 5 0 . 0 0

Transfer to Bond Redemption Reserve 2 0 , 1 5 2 . 9 9 3 1 , 8 5 9 . 5 3 2 8 , 0 6 9 . 5 7 2 , 5 3 2 . 6 6 2 5 , 3 3 8 . 8 3 1 4 , 4 7 5 . 7 5

Total 20,152.99 48,520.40 44,269.07 18,079.16 42,151.33 39,869.75RESERVES AND DIVIDENDS : For details please refer to Annexure - I of the Shelf Prospectus.For changes in Accounting Policesand Financial Statements, please refer to Annexure - I of the ShelfProspectus.MATERIAL CONTRACTS AND DOCUMENTS FOR INSPECTION :These contracts (not being contracts entered into in the ordinary course of business carried on by theCompany or entered into more than two years before the date of the Prospectus Tranche - 1) which are ormay be deemed material have been entered or are to be entered into by the Company. These contractsand also the documents for inspection referred to hereunder, may be inspected on Working Days at theRegistered Office of the Company situated at UG Floor, East Tower, NBCC Place, Pragati Vihar, LodhiRoad, New Delhi -110 003, India, from 10.00 a.m. and 12.00 noon on any working day (Monday to Friday)during which the Issue is open for public subscription under the Prospectus Tranche - 1. For further detailsplease refer to page no. 67 of the Prospectus Tranche - 1.DECLARATIONWe, the Directors of the Company, certify that all applicable legal requirements in connection with theIssue, including under the Companies Act, the SEBI Debt Regulations, and all relevant guidelines issuedby SEBI, the Government of India and any other competent authority in this behalf, have been dulycomplied with, and that no statement made in this Prospectus Tranche – 1 contravenes such applicablelegal requirements.We further certify that this Prospectus Tranche – 1 does not omit disclosure of any material fact which maymake the statements made therein, in light of circumstances under which they were made, misleading andthat no statements in this Prospectus Tranche – 1are false, untrue or misleading, and that this ProspectusTranche – 1 does not contain any mis-statements.Signed by all the Directors of the CompanyMs. Vijaya Kanth - Chairperson / Nominee Director • Mr. Rajiv Datt - Managing Director • Mr. D. C. Arya -Director (Finance) • Mr. Rajesh Khullar - Nominee DirectorPlace: New Delhi • Date: January 19, 2012

of exchange rate risk on the Indian rupee and risks associated with the conversion of Indian rupee proceeds into foreigncurrency. Investors are subject to currency fluctuation risk and convertibility risk since the Bonds are quoted in Indian rupeeson the Indian stock exchanges on which they are listed. Returns on the Bonds will also be paid in Indian rupees. The volatilityof the Indian rupee against the U.S. dollar and other currencies subjects investors who convert funds into Indian rupees topurchase our bonds to currency fluctuation risks.36. You may not be able to recover, on a timely basis or at all, the full value of the outstanding amounts and/or the interestaccrued thereon in connection with the Bonds.: Our ability to pay interest accrued on the Bonds and/or the principal amountoutstanding from time to time in connection therewith would be subject to various factors, including our financialcondition, profitability and the general economic conditions in India and the global financial markets. We cannot assureyou that we would be able to repay the principal amount outstanding from time to time on the Bonds and/or the interestaccrued thereon in a timely manner, or at all.37. Changes in prevailing interest rates may affect the price of the Bonds. :All securities where a fixed rate of interest is offered,such as the Bonds, are subject to price risk. The price of such securities will vary inversely with changes in prevailinginterest rates, i.e., when interest rates rise, prices of fixed income securities fall and when interest rates drop, the pricesincrease. The extent of fall or rise in the prices is a function of the existing coupon rate, days to maturity and the increaseor decrease in the level of prevailing interest rates. Increased rates of interest, which frequently accompany inflationand/or a growing economy, are likely to have a negative effect on the trading price of the Bonds.38. Any downgrading in our domestic and international credit rating of our Bonds may affect the trading price of our Bonds.: CRISIL has reaffirmed the credit rating of “CRISIL AAA/Stable” (pronounced as “CRISIL Triple A with stable outlook”)

for the ` 20,59,438 lakhs long term borrowing programme of the Company (“Debt Programme”) vide its letter no. VR/FSR/IRFC/2011-12/1208 dated December 14, 2011. ICRA has reaffirmed the credit rating of “[ICRA] AAA” (pronounced“ICRA triple A”) of the Debt Programme of the Company vide its letter no. D/RAT/2011-2012/11/13 dated December19, 2011. CARE has reaffirmed the credit rating of “CARE AAA” (pronounced as “CARE triple A”) for the DebtProgramme of the Company vide its letter dated December 14, 2011. Further international rating agencies like JapanCredit Rating Agency Limited has affirmed its BBB+ rating on the long term senior debts and the Japanese Yen bondsissued by the Company and Standard and Poor’s has assigned BBB- rating to the foreign currency and the local currencyissues and senior unsecured issues. For further details, see section titled “Our Business” on page 55 of the ShelfProspectus. These ratings may be suspended, withdrawn or revised at any time. Any revision or downgrading in thecredit rating may lower the trading price of the Bonds and may also affect our ability to raise further debt. For the rationalefor these ratings, see Annexure II of the Shelf Prospectus.39. Payments made on the Bonds will be subordinate to certain tax and other liabilities as laid down by law. :The Bondswill be subordinate to certain liabilities preferred by law such as to claims of the Government on account of taxes,and certain liabilities incurred in the ordinary course of our transactions. In particular, in the event of bankruptcy,liquidation or winding-up, our assets will be available to pay obligations on the Bonds only after all of the liabilitiesthat rank senior to these Bonds have been paid. In the event of bankruptcy, liquidation or winding-up, there maynot be sufficient assets remaining, after paying the aforesaid senior ranking claims, to pay amounts due on theBonds. Further, there is no restriction on the amount of debt securities that we may issue that may rank above theBonds. The issue of any such debt securities may reduce the amount recoverable by investors in the Bonds on ourbankruptcy, winding-up or liquidation.