SAINIK FINANCE & INDUSTRIES LTD. - Clarification On Price Movement

We would like to inform you that there is no undisclosed/price sensitive information/annoucment which need to be informed to the stock exchange which may have a bearing on the price/volumn behaviour in the Company Scrip''s. Therefore, the movement in the share price of the Company is purely due to market condition and absolutely market driven on which company has no control in any way.