I think I have an answer to your question
My friend also in a similar situation .
He hasnt got his license yet but vashisht told him that they are ready to endorse the BE76 since his date of application was back in october 2010
Hence they are ready to endorse it . I have another friend who applied in Feb and will soon get his license converted with a BE 76 endorsement
But there is a rumor that the applications henceforth will be rejected
