In reference to the captioned subject line, please, be informed that there is no such inside price sensitive information or any kind of development in the company which can affect the share price although we have observed that since last 15 days our share price has been moving sideways for upper circuit.
We hereby further submit that we are not aware of the reason of significant movement in the price of our shares. The management of the company is in no way connected with the movement in the price of the shares. Further, this is purely manipulation of share price by outsiders with which company management nor Promoters aware of or involve in it directly or indirectly.
As we are committed for strong corporate governance and Compliance for safeguard interest of our esteem shareholders request you to take note the above disclosure and request you to put surveillance measures required, if any.
Please, consider the above fact at our request.