In reference to the captioned subject matter, we would like to intimate you that the Company has not anytime, withheld any information or events which, in our opinion, would have an impact on the behavior of the price of the Company. Further note that the Company has intimated to the Bombay Stock Exchange, from time to time, all the events, information and changes in the Company that has an impact on the operation and performance of the Company which include all the price sensitive information etc. under the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable regulations of the Securities Exchange Board of India. Therefore, the movement in Company's share price is purely due to market conditions and apparently market driven on which the Company neither has any control nor has any knowledge of reasons. We hope the above clarifies and request you to kindly take the above information on your records.