Sir/ Madam,\r\n\r\nWith reference to the above-captioned letter wherein clarification is sought by your good office with respect to the 'movement in price' of listed shares of our company. In view of the above, we would like to inform your good office as under; the company has no such material information/ event which is not there in public domain, that is required to be disclosed to the stock exchange pursuant to regulation 30 of SEBI (LODR) Regulation, 2015 which in our opinion would have a bearing on the captioned volume/ price movement of the script. Further, none of the promoters/ promoter group/ KMP have done any kind of transaction with respect to shares of the company. The company believes that volume and the movement in share price of the company is purely due to market conditions and market driven and the company is no way connected with any such movement in price.