Letter to transferee informing the approval of the transfer of shares

Blue Star Industries Limited

35/C, Shahu Chowk, Kolhapur.

http://www bluestar.indco.in

Tele. No.: 24771352                                                                   23^rd  April, 2012

Ref.: C/35/2012

Mr. Yeshwant Magre

45/B, S.V Road,

Thane - 400 607.

Sub : Approval of Transfer of Shares'

Dear Sir,

I am directed to inform you that the Board of Directors in the meeting held on 10^th April, 2012 has approved the application for the transfer of 50 equity shares in your name. Now, accordingly the shares have been transferred in your name.

The duly endorsed share certificate has been enclosed herewith. Kindly acknowledge the receipt of the same.

Thanking you.                                                                 Yours faithfully,

                                                                            For Blue Star Industries Ltd.

                                                                                             Sd/-

                                                                                         Secretary

End : Share certificate