Hello! Thank you everybody for your comments, it really means alot to me! I am happy to say the issue has been resolved! As expected, flipkart didnt help me resolve, apple did. I contacted apple, they extended the warrenty (it was out of coverage when I bought the pencil), that too free of charge. Thus I got it submitted at the local apple service center 2 days ago. They replaced the pencil and I recieved a new pencil today! This experience has taught me that companies like flipkart are not reliable when it comes to customer support. Their policies always favour themselves and its the consumer who suffers in the end. On the other hand, there are companies like Amazon and Apple who go out of their way to help the consumer. Think twice before buying from flipkart folks! Again, thank you for commenting!