We wish to inform that there has been no announcement from the Company nor is there any event/ information to disseminate by the Company that falls under Price Sensitive information. While on the subject, We would to inform the Exchange that the Companys business has been severely hit due to lockdown in Hyderabad and is likely to pick up from next 10-15 days after the lockdown and the prospects are looking promising in view of the fact that the Company is into manufacturing and supplying of jewellery in the segment of Studded diamond and entire luxury segment has been witnessing a uplift in business. This is expected due to another reason that the gold prices have seen a steady increase in the last few weeks thus aiding the company to lock higher revenue inflow in terms of Sales which ensures better profitability in the coming quarter/ year. The Company is also ramping up its manufacturing capacity and is underway to set up another factory premises in a leased new building.
12.34 PM Jun 4th
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