SHILCHAR TECHNOLOGIES LTD. - Clarification

With reference to the Increase in Price, Shilchar Technologies Ltd has Clarified to BSE as under:<BR><BR>"We would like to inform you that, there is no significant development news to be shared to the Exchanges by the Company. We do not have any kind of price sensitive information which will be having any impact on the recent price movement of our equity shares listed at your Exchange. '<BR><BR>The Company is carrying out its day to day activities in the ordinary course of business."