With reference to your email having reference no. L/SURV/ONL/PV/NK/ 2020-2021/2759 dated December 07, 2020 received by the Company on December 22, 2020 regarding 'Clarification on Price Movement' in securities of the Company, we hereby submit that there are no undisclosed instances, events, information and/or announcements known to the Company that may include price sensitive information which may have bearing on operation/performance of the Company falling under the requirements of compliances under Regulation 30 of the SEBI (LODR) Regulations, 2015, as amended from time to time. The increase in price/volume is purely driven by market conditions. We would like to reiterate that our Company is committed to compliances with SEBI (LODR) Regulations, 2015 and other applicable laws and any information likely to have bearing on the price/volume of the Shares would be disclosed to Stock Exchanges in accordance with SEBI (LODR) Regulations, 2015.