Dear Sir With reference to your mail seeking clarification regarding the price movement of the Companys security on the Exchange we wish to inform you that the Company has made all the necessary disclosures pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and has not withheld any material information/event that in our opinion would have bearing on the price behavior of the scrip. The Company will continue to make all applicable disclosures within the stipulated timelines as required under the regulations. Accordingly the movement in the price of the Companys security appears to be purely market-driven and based on prevailing market conditions. The management of the company is in no way connected with or responsible for any such price movement. We hope the above clarifies the matter. Kindly take the same on your records.
Ask Value Research 
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