Pursuant to the provision of the Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, I, Raakesh B Kulwal promoter of the company, on behalf of Promoter/Promoter Group & PAC of Jhandewalas Foods Limited hereby declare that we have not made any encumbrance directly or indirectly during the financial year.