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Magnum Ventures: Response Of Mail Ref. L/SURV/ONL/PV/RS/ 2021-2022 / 1233 Dated 12.01.2022

We refer to your email bearing reference no. L/SURV/ONL/PV/RS/ 2021-2022 / 1233 dated January 12 2022 seeking clarification in relation to the significant movement in the price of the security of the Company across Stock Exchanges in the recent past. The response letter on the Companys Letterhead is enclosed herewith.

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