The Stock Exchange, Mumbai
Phiroz Jeejeebhoy Towers
Dalal Street
Mumbai- 400 001.

Dear Sir,

                                                       Sub: Clause 47C of the Listing Agreement

Please find enclosed herewith certificate of Compliance pursuant to clause 47C of the Listing Agreement duly certified by a Practicing Secretary for the half year ended on 30th September, 2007.

Kindly acknowledge the receipt of the same.

If you need any further clarification / assistance, Please do not hesitate to get in touch with us.

Thanking you.

Yours truly,

FOR THE GL HOTELS LTD.

MILIND WAGH
COMPANY SECRETARY
C.C to:
The Delhi Stock Exchange Association Ltd.
DSE House
3/1 Asaf Ali Road
New Delhi- 110 002.