Letter to transferor informing the approval of the transfer of shares

Blue Star Industries Limited

35/C, Shahu Chowk, Kolhapur.

http://www.bluestar.ind.co.in

Tele No.: 24771352                                                                    23rd April, 2012

Ref.: C/35/2012

Mr. Mahadev Maindad

25/2, Kamani Road,

Kurla (W), - Mumbai-70

Sub : Approval of Transfer of Shares

Dear Sir,

This is to inform you that your application for transferring 50 equity shares registered in your name was placed for consideration before the Board of Directors.

I am further directed to inform you that the Board of Directors in the meeting held on 20th April, 2012 has approved the said transfer.

As your above holdings have been transferred please note that your membership in the company stands terminated.

Thanking You.                                                       Yours faithfully,

                                                                            For Blue Star Industries Ltd.

                                                                                             Sd/-­

                                                                                         Secretary