Q.Draft a Letter of Regret, on behalf of Mahalaxmi Textiles Limited, informing Mr. Sanjay Wagh that, since the issue was oversubscribed, no debentures could be allotted against his application for 300, 9% debentures of ₹100 each, and that the application money of ₹30,000 is being refunded by cheque.

A regret letter must state the reason honestly, confirm the exact amount being refunded, and name the instrument of refund, in a courteous tone despite the disappointing outcome.

MAHALAXMI TEXTILES LIMITED

Registered Office: MIDC Area, Ichalkaranji – 416115

CIN: U17120MH2008PLC160404

Date: 14th February

Mr. Sanjay Wagh

Dear Sir,

Sub: Non-Allotment of Debentures Applied For — Refund of Application Money

We thank you for your application for 300, 9% Secured Redeemable Non-Convertible Debentures of ₹100 each of our Company.

We regret to inform you that, owing to the issue having been oversubscribed several times over, our Board of Directors was unable to allot any debentures against your application. We are accordingly refunding, in full, the application money of ₹30,000 paid by you, by way of the enclosed Cheque No. 881025 drawn on IDBI Bank, Ichalkaranji Branch, payable at Ichalkaranji.

We regret our inability to allot debentures to you on this occasion, and thank you once again for your interest in our Company.

Thanking you,

Yours faithfully,

For Mahalaxmi Textiles Limited

(Pooja Bhingardive)

Company Secretary

Encl: Cheque No. 881025 for ₹30,000

This letter honestly states the reason for non-allotment, gives the exact amount refunded and the instrument used, and remains courteous and appreciative throughout, exactly what a regret letter needs to do.

Students sometimes phrase a regret letter apologetically as if the company were at fault — the honest, correct framing is that oversubscription (excess investor demand) caused the outcome, not any wrongdoing by the company.