Vadilal Industries Ltd

This is with reference to your Email: L/SURV/ONL/PV/NK/ 2023-2024 / 3314 dated 8th May 2023 seeking clarification in respect of movement in price of the Companys scrip in the recent past as traded across Exchanges. We would like to inform you that the Company complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and has been promptly informing the Exchange on all events and information which have a bearing on operation /performance which includes all price sensitive information etc. of the Company.Therefore whatever Movement in price of the Companys Scrip is purely due to market conditions and absolutely market driven.Further we would like to assure you that our Company as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 will continue to promptly inform the exchange all material events/ information/ actions. We hope the above clarifies and request you to kindly take the same on your record please.