We have examined registers, files and other documents relating to Sagar Tourist Resorts Limited (CIN: L55101HP1987PLC007312) maintained by Satellite Corporate Services Pvt. Ltd, RTA for the period from April 01, 2021 to March 31, 2022, for the purpose of issuing a Certificate as per Regulation 40(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and based on the information provided by the Company and its RTA.