To
Surveillance Department
National Stock Exchange of India Limited (NSE)
Exchange Plaza, Bandra Kurla Complex,
Bandra East,
Mumbai - 400051
Dear Sir/ Madam
Sub: Clarification/Confirmation on news item appearing in www.moneycontrol.com
This is with reference to your email and the letter bearing reference no. NSE/CM/Surveillance/12157, both dated August 5, 2022, wherein you have sought clarification on the news item published in www.moneycontrol.comdated August 5, 2022 captioned "W brand owner TCNS Clothing on the block as shareholders look to exit" ("News Article"). In this context, please note that the Company does not have any information with respect to negotiations in relation to sale of stake by TA Associates and/or the Promoters of the Company, and the Company does not comment on any market speculation and cannot ascertain any material impact of the aforesaid News Article.
There is no information available with the Company which is reportable to the stock exchanges under the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read with the Company's disclosure policy and code of practices and procedures for fair disclosure. The Company keeps evaluating various opportunities on an on-going basis and as and when any event becomes a reportable event, the Company will inform the same to the stock exchanges in accordance with applicable provisions of the Listing Regulations.
Further, it may be noted that the shares of the Company are freely traded on the stock exchanges and the Company will not be in a position to comment on the movement in the share price of the Company.
We assure that the Company will continue to ensure full compliance with the Listing Regulations including making disclosures of any development that are required to be disclosed in terms of the Listing Regulations.
You are requested to take the aforesaid response on record.
Kind regards
For TCNS Clothing Co. Limited
Piyush Asija
Company Secretary and Compliance Officer
ACS 21328
Date: August 5, 2022
Place: New Delhi
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TCNS Clothing Co Ltd. published this content on 08 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2022 05:43:01 UTC.