CLUTCHAUTO

CLUTCHAUTO:The Exchange had sought clarification from Clutch Auto Limited with respect to announcement dated 12-Apr-2017, regarding "Clutch Auto Limited has informed the Exchange regarding a press release dated April 12, 2017, titled "NCLT".". On basis of above the Company is required to clarify following: 1. Reasons for such a reference/petition; 2. Impact of such reference/petition on listed entity. The response of the Company is : 1) Pursuant to abolition of Board of Industrial and Financial Reconstruction, (BIFR) NCLT has been appointed as nodal agency for the revival/rehabilitation of SIC

CLUTCHAUTO:The Exchange has sought clarification from Clutch Auto Limited with respect to announcement dated 12-Apr-2017, regarding "Clutch Auto Limited has informed the Exchange regarding a press release dated April 12, 2017, titled "NCLT".". On basis of above the Company is required to clarify following: 1. Reasons for such a reference/petition;2. Impact of such reference/petition on listed entity.The response of the Company is awaited.

Price movement : Significant price movement has been observed in Clutch Auto 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. Clutch Auto Limited has vide its letter inter-alia stated," We are not having any price sensitive information to disclose."

Price movement : Significant price movement has been observed in Clutch Auto 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. Clutch Auto Limited has vide its letter inter-alia stated," we are not having any price sensitive information/announcement in our domain which has not been disseminated to the Stock Exchanges. We are no where concerned with this sudden increase in price and are not indulged in any trading activity."

News Verification : The media had reports that Clutch Auto Limited may bag a major order from US - based Navistar International Corporation. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Clutch Auto Limited has vide its letter inter-alia stated, "We confirm that we are in advanced stages of negotiations with the US based International Truck and Engine Corporation, manufacturers of 'Navistar' brand of Trucks. The