Clarification on Price Movement in the shares of the Company

BSE Limited wrote to the company seeking clarification on a significant movement in the price of its shares. In response, the company stated it is in compliance with SEBI Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015. The company confirmed that all events and price-sensitive information have been promptly disclosed to the Stock Exchange. It further clarified that there is no material information or impending announcement that could have a bearing on the share price behavior which has not been disclosed. The company attributed the share price movement purely to market forces and assured continued compliance with regulatory disclosure requirements.