HLE Glascoat Ltd

This has reference to your email received dated May 8 2023 at 1:23 p.m. seeking our response regarding the significant movement in the price of our shares listed on your exchange.In this connection please be informed that there is no event information etc. (including price sensitive information and including impending announcement) which in the opinion of the Company may have a bearing on the price/ volume behaviour in the scrip of the Company. The prices and volumes in the shares appear to be market driven.Kindly take the same on records.