Abate As Industries has informed that the Company has intimated within stipulated time to the BSE of all the events and information which to its best belief and knowledge has an impact on the operation and performance of the Company which includes all price sensitive information, etc. as required to be disclosed under the provisions of Regulation 30 and all other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and any other law for the time being in force. Further, there is no pending information or announcement from the Company which may have a bearing on the price behaviour in the scrip. The Company will inform the stock exchange of any price- sensitive information as required under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, from time to time. Therefore, the significant movement observed in the price of shares in the recent past is purely due to market conditions and absolutely market driven.

The above information is a part of company’s filings submitted to BSE.