Facor Alloys Ltd

With reference to your captioned email received by the Company regarding clarification on price movement it is hereby stated that the company is always regular in disclosing to the BSE from time to time all the material information which has a bearing on the operations/ performance of the company including all necessary disclosures in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements ) Regulations 2015 (the Listing Regulations) within the stipulated time period.To the extent of information available the Company and/ or its management/ officials are in no way connected or interested whether directly or indirectly with the recent 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.