This has reference to your letter/email seeking clarification on significant movement in price of security on the stock exchanges. In this regard we would like to inform you that the Company is in compliance with SEBI (LODR) Regulations 2015 and has been been promptly informing the stock exchanges on all events and information which have a bearing on operation or performance of the company. There is no undisclosed / price sensitive information or any impending announcement / corporate action which needs to be informed to the exchange at this point of time. Therefore the movement in the share price of the company is purely due to market conditions and absolutely market driven and the management of the Company is in no way connected with any such movement in price. Further we would like to assure you that the Company will as required under SEBI (LODR) Regulations 2015 continue to promptly inform the exchanges of all material events / information / actions.
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