THAKKERS DEVELOPERS LTD. - Clarification On Price Movement

We wish to clarify that all the necessary information and events are being disclosed to the Stock exchange in a timely & effective manner as required under the applicable regulations. We are not aware of any specific reason/information causing sudden movement in the price of our shares. The movement in the share price is purely market driven and due to the prevailing market conditions. The Management of the Company is in no way connected with such movement in price of shares.