June 17, 2013

Press Release No. 1

Clarification by Ashima Limited

Significant price movement has been observed in Ashima Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Ashima Limited has vide its letter inter-alia stated, "There is no event/information having bearing on the operation/performance of the Company nor any price sensitive information or other event/ information. There is no information/announcement (including any impending announcement) which in our opinion may have bearing on the price/volume behaviour in the scrip."