This is with reference to your Email dated 14th January, 2021 regarding significant movement in the price of our security; we wish to submit the following: The Company has regularly made all the necessary disclosures that have a bearing on the operation/performance of the Company pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 from time to time. The change in the price of the shares of the Company is based purely due to market conditions and absolutely market driven. Further, as a matter of practice we at all times, strive to make proper and timely disclosures and have always acted in the best interest of our stakeholders. Please take the same on your record.