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Ashiana Ispat: Announcement Under Regulation 30

With reference to your Letter No- L/SURV/ONL/PV/NP/ 2021-2022 / 1117 dated 04th January 2022 regarding clarification on price movement we hereby submit that we are not aware of the reason of significant movement in the price of our shares. The movement in the share price is purely market driven and may be combination of various factors including market conditions. The management of the company is in no way connected with the movement in the price of the shares.

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