With reference to letter for seeking clarification regarding the significant movement in the price of the Company’s security in the recent past, DCM Financial Services has informed that the Company has intimated the Stock Exchanges from time to time of all the events and information which has an impact on the operation and performance of the Company which include all price sensitive information etc as required to be disclosed under the Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. They further confirmed that the Company has not withheld any material information / event or announcement (including any pending announcement) which, in its opinion, may have a bearing on the price / volume behaviour of the Company’s securities. The Company will continue to make all applicable disclosures within the stipulated timelines as required under the aforesaid regulations. Accordingly, the movement in the price of the Company’s security appears to be purely market-driven and based on prevailing market conditions. The management of the Company is in no way connected with or responsible for any such price movement.

The above information is a part of company’s filings submitted to BSE.