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Acknit Industries: Clarification On Price Movement

We refer to your letter no. L/SURV/ONL/PV/NP/ 2021-2022 / 1148 dated 6th January 2022 received through email with regard to the significant movement in the share price of the Company at your exchange in the recent past. In this connection we hereby wish to inform you that the Company is not aware of any information that has not been announced to the exchange that could explain the aforesaid movement in share price. Further we wish to inform you that we have made disclosures of all the information / announcement within the timeline and currently there is no event or information / announcement (including impending announcement) that need to be reported by the Company which in our opinion may have a bearing on the share price of the Company.The significant change in the share price of the Company on the exchange in the recent past is purely due to the market conditions and absolutely market driven. This is for the information of the exchange and the members.

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