Disclosure

I, Anand Ganapathy K, am a SEBI-Registered Research Analyst having SEBI registration number INH000016630. This Research Report (called Report) is prepared and distributed by Anand Ganapathy K.

I or my relative do not have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report. I or my relative do not have any material conflict of interest. I have not served as director / officer, etc. in the subject company in the last 12-month period.

I, Anand Ganapathy K, do not hold this stock as part of my investment portfolio. I have not traded in the subject stock thirty days preceding this research report and will not trade within five days of publication of the research report as required by regulations.

In the last 12-month period, immediately preceding the date of publication of this research report, Anand Ganapathy K has not received compensation or other benefits from the subject company of this research report or any other third-party in connection with this report.

I, Anand Ganapathy K do not have any material adverse disciplinary history as on the date of publication of this report.

The report has been reviewed, and if it contains current or historical information, it is deemed reliable, but its accuracy or completeness cannot be guaranteed.

There was no AI (Artificial Intelligence) used in generation of this report. All of the content were manually typed, collated and verified.

General Disclaimer & Disclosures

1. BUSINESS ACTIVITY

I, Anand Ganapathy K (Research Analyst), am a SEBI Registered Research Analyst with SEBI registration number INH000016630. I provide subscription services for stock recommendations. These recommendations are derived from proprietary Qualitative and Quantitative models.

The Research Analyst has implemented sufficient safeguards to maintain the independence of research activities from other business operations. He upholds written internal policies and control procedures that regulate the trading of securities. The Research Analyst adheres to the Code of Conduct outlined in the SEBI Regulations while offering services as a research analyst.

2. TERMS AND CONDITIONS FOR RESEARCH SERVICES

The Research Services will be limited to providing independent research recommendations and will not be involved in any advisory services.

The research analyst never guarantees the returns on the recommendations provided. Investors should note that investing/trading in stocks/indices or other securities is always subject to market risk. Past performance is never a guarantee of future results.

Our recommendations are issued to the registered clients with active subscriptions.

The research analyst shall not be responsible for any loss to the investors.

The website publishes information on financial and investment issues periodically. All content, including recommendations, blogs, newsletters, and other tools on the site, is intended for informational and educational purposes to assist users in making sound financial decisions.

3. DISCLOSURES FOR RESEARCH SERVICES

The Research Analyst refrains from trading in the recommended securities within 30 days before or 5 days after the publication of the research report.

Outside the trading restriction window mentioned above, the Research Analyst may hold positions in the stocks, securities, and financial instruments discussed in the reports, or may buy or sell securities mentioned in the reports outside the trading restriction window.

At the time of publishing the research report, the Research Analyst must disclose stock ownership.

The research analyst does not provide recommendations on IPOs/Primary Market; all recommendations are for the Secondary Market exclusively.

No actual or potential conflicts of interest exist from any connection or association with product/securities issuers. This includes any material information or facts that could compromise objectivity or independence in providing Research Analyst services. Any conflicts of interest will be disclosed to the client promptly.

The Research Analyst:

- Has not managed or co-managed any public offerings for companies

- Has not received compensation for investment banking, merchant banking, or brokerage services from the subject company

- Has not received any compensation for products or services from the subject company

- Has not received any compensation or other benefits from the Subject Company or 3rd party in connection with the research report/recommendation

- Has not served as an officer, director, or employee of the subject company

- Has not been engaged in the market-making activity of the subject company

The subject company was not a client of the Research Analyst preceding the date of recommendation services provided. The research analyst or their relative does not have a financial interest in the subject company. If there is an interest, it will be disclosed in the research report.

The underlying research is based on facts, figures, and information considered true, correct, and reliable. The information is obtained from publicly available media or other sources believed to be reliable.

The recommendations are prepared solely for informational purposes and do not constitute an offer document or solicitation to buy, sell, or subscribe to securities or other financial instruments for clients.

4. DISCIPLINARY HISTORY

There are no pending material litigations or legal proceedings against Research Analyst Mr Anand Ganapathy K.

As of today, no penalties or directions have been issued by SEBI under the SEBI Act or Regulations made thereunder against the Research Analyst regarding Research Analyst services.

5. STANDARD WARNING

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

6. DISCLAIMER

Registration granted by SEBI and certification from NISM does not guarantee the performance of the Research Analyst or provide assurance of returns to investors.