Parnax Lab Ltd

With reference to your letter dated April 27 2023 we wish to inform you that movement in price of securities is purely because of investors perceptions based on information already disseminated to stock Exchange.We would also like to inform you that the Company has disclosed material information wherever applicable from time to time for investor information. To the best of our knowledge and belief currently there is no material information or announcement pending to disseminate that in our opinion would have bearing on the price behavior in the scrip.