Dear Shareholder,
 
 Sub:- Go Green Initiative in Corporate Governance
 
 The Ministry of Corporate Affairs(MCA) has taken a Green Initiative in
 Corporate Governance vide Circular No.  17/2011 & 18/2011 dated April
 21, 2011 and April 29, 2011 respectively, allowing paperless
 compliances by Companies through electronic mode. Accordingly,
 Companies are now permitted to send various notices / documents to its
 shareholder through electronic mode to the registered email address of
 shareholders. This move by the Ministry is welcome since it will
 benefit the society as well as to the Company at large through
 reduction in paper consumption, avoiding delay/lost in transit of
 documents and contribution towards Greener Environment,
 
 Keeping in view the underlying theme and the circular issued by MCA,
 your Company is keen to participate in Green Initiative and henceforth
 proposes to send requisite documents such as Notices of General
 Meeting(s), Annual Report and other shareholders communication through
 electronic mode, to the e-mail address provided by you/made available
 to the Company by the Depositories.
 
 Shareholders may register/change their email address with the Company
 through the following options:
 
 1.  If you are holding shares in the Physical form: By sending a letter
 to M/s. M/s. Link Intime India Private Limited, Registrar & Share
 Transfer Agent of the Company at C-13, Pannalal Silk Mills Compound,
 LBS Marg, Bhandup (West), Mumbai - 400 078 mentioning the name, the
 Folio Number, No. of shares held and e-mail address.
 
 2.  If you are holding shares in the DEMAT form: By updating your
 e-mail address with your Depository Participants. The Company will use
 the e-mail address provided by you to the Depositories viz.  NSDL/CDSL
 and available to the Company from time to time to send various
 notices/documents etc henceforth.
 
 Kindly note that if you still wish to receive the above documents in
 physical form, the same will be made available upon receipt of request
 from you.
 
 Shareholders holding the shares in demat form are requested to also
 keep their Depository Participant informed of any changes in their
 e-mail address.
 
 We solicit your valuable co-operation and support in our Endeavour to
 contribute our bit to the environment.
 
 Thanking you,
 
 For Vardhaman Laboratories Limited
 
 Sd/-
 
 Sunil Shah
 
 Managing Director