This is with reference to your communication dated 13th March, 2020 about shares price movement of the Company. In this regard, we have to inform you that the Company has been making prompt disclosures of all events or information that have bearing on the operation / performance of the Company which includes all price sensitive information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. We understand that the recent movement in the share price of the Company may be due to ongoing market condition. At this point of time, the Company does not have any specific information/ announcement which have a bearing on the price or volume behavior of the scrip. Please note that the Company submits the requisite disclosures to the Stock Exchanges and shall continue to do so as part of its obligation under Regulation 30 of the SEBI Listing Regulations or other relevant applicable laws.