This Disclosure Document is prepared in compliance with SEBI (Research Analyst) Regulations, 2014 to provide essential information about our research and recommendation services, helping prospective clients make informed decisions.

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Research Analyst

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• Name: Anuj Garg (referred to as "Research Analyst").

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• Registration: Registered with SEBI as a Research Analyst (Registration No. INH000018328) since 7th Aug 2024.

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Terms and Conditions

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• Detailed in the terms and conditions document, which should be reviewed for specific information.

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Disciplinary History

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• No pending material litigations, legal proceedings, or regulatory actions against the Research Entity, its analysts, or associates.

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Associates

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• The Research Entity currently has no associates.

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Disclosures Regarding Research and Recommendations

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• Ownership: The Research Entity, analysts, or their associates/relatives may hold 1% or more of the recommended securities at the end of the month before publication of the research report. This will be disclosed at the time of recommendation.

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• Conflicts of Interest: There are no known conflicts of interest that could affect objectivity. Any potential conflicts will be disclosed as they arise.

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• Financial Ties: The Research Entity and its analysts have not received compensation, including for investment banking, merchant banking, or brokerage services, from the subject companies in the past 12 months.

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• Client Relationship: The subject companies have not been clients of the Research Entity or its associates in the past 12 months, nor have any analysts served as officers, directors, or employees of these companies or engaged in market-making activities.

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This document ensures transparency and compliance with regulations, maintaining the objectivity of our research and recommendations.