We refer to your email dated 03.03.2023 seeking clarification on significant movement in the price of scrip of our company. With reference to the same, we wish to inform your good exchange that the company has always disclosed from time to time, to the stock exchange, all the events, information etc. That have bearing on the operation / performance of the company including price sensitive information which is required to be disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR Regulations'). We further wish to inform that the movement in the price of scrip is purely market driven and may be combination of various factors including present market conditions on which the company neither has any control nor has any knowledge of reasons. Further, the company has not withheld or in possession of any information or events which, in our opinion, would have an impact on the price behaviour in the scrip of the company.