With reference to the Letter No- L/SURV/ONL/PV/NK/ 2022-2023 / 2483 dated 08th July, 2022 regarding clarification on price movement, Ashiana Ispat has submitted that it is not aware of the reason of significant movement in the price of shares. The movement in the share price is purely market driven and may be combination of various factors including market conditions. The management of the company is in no way connected with the movement in the price of the shares.
The above information is a part of company’s filings submitted to BSE.