This is fine. Though it is not necessary to mention in your letter that if no settlement is reached during conciliation, the same can be referred for adjudication because that is a fact. In the course of conciliation, if a settlement is not reached, the dispute will be referred for adjudication. Anyway, the conciliation officer will call both the Union and the employer for a discussion, and in the hearing, both of you can have a detailed discussion on various demands and arrive at a settlement. The Conciliation Officer will help both parties in reaching a settlement. For this, you may have to have three or four sittings. Once a settlement is made, it will be recorded in Form H.
Regards,
Madhu.T.K