W H Brady & Co Ltd

In reference to clarification sought by the stock exchange for significant movement in share price.We wish to inform you that the Company has made all the necessary disclosures pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 from time to time and has not withheld any material information/event that in our opinion would have bearing on the price behavior of the scrip. We therefore state that the movement in the share price of the company is purely due to market driven and the management of the company is in no way connected with any such movement in price.