Clarification

With reference to Increase in Price, Tirupati Sarjan Ltd has clarified to BSE that the price of the Companys shares has increased in last 3 to 4 sessions.

As promoters of the Company, the Company is exclusively attached with business of the Company.

The Company has got two orders in the Infrastructure division as mentioned below :

1. Construction of Court Building at Siddhpur (North Gujarat) for Rs. 5.00 cr.

2. Construction of Academic block at Patan (North Gujarat) for Rs. 16.00 cr.

Both the above orders are in normal course of business not generating extra ordinary profits in the Company. During last F. Y. 2011-12 also the Company executed such orders for Rs. 54.00 cr.

The Company is passing through recession but because of lower indebtedness and its strength, the same will not affect the Company adversely.

The Company expect the operations during F. Y. 2012-13 at par with previous year.

Whatever rise in Share price is there, may be market driven and the Company have no comments to offer.

Source : BSE - >www.bseindia.com

Published on July 09, 2012
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