Disclosure

Research Analyst Identification

For the purposes of this Disclosure Document, the Research Analyst is identified as Mr. Anuj Paharia, representing TRADE OPULENCE Research Analyst (hereinafter referred to as the “Research Analyst”).

Information about the Research Analyst

Registration Details: The Research Analyst is registered with SEBI as a Research Analyst under Registration No. INH000016658.

Focus: The primary focus of the Research Analyst is to provide research and recommendation services to clients. The Analyst aligns its interests with those of the clients and endeavors to offer services tailored to their needs.

Terms and Conditions

Detailed terms and conditions governing Research and Recommendation Services are outlined in the associated document. Clients are encouraged to refer to this document for comprehensive information.

Disciplinary History

Penalties and Directions: No penalties or directions have been issued by SEBI under the SEBI Act or Regulations against the Research Analyst concerning Research Analyst services.

Legal Proceedings: There are no pending significant litigations, legal proceedings, findings of inspections, or investigations for which action has been taken or initiated by any regulatory authority against the Research Analyst or its employees.

Details of Associates

There are no associated entities.

Disclosures Regarding Research and Recommendation Services

• The Research Analyst may have financial interests or actual/beneficial ownership in the securities recommended in their personal portfolio. Details regarding this are available in the disclosures provided at the time of advice.
• There are no actual or potential conflicts of interest arising from any connection or association with any issuer of products/securities that might compromise objectivity or independence in providing Research Analyst services. Any such conflicts of interest will be disclosed to the client as they arise.
• The Research Analyst, its employees, or associates have not received any compensation from the subject company in the past 12 months.
• The Research Analyst, its employees, or associates have not managed or co-managed the public offering of the subject company in the past 12 months.
• The Research Analyst, its employees, or associates have not received any compensation for investment banking, merchant banking, or brokerage services from the subject company in the past 12 months.
• The Research Analyst, its employees, or associates have not received any compensation for products or services other than those mentioned above from the subject company in the past 12 months.
• The Research Analyst, its employees, or associates have not received any compensation or other benefits from the subject company or third parties in connection with the research report/recommendation.
• The subject company was not a client of the Research Analyst, its employees, or associates during the twelve months preceding the date of distribution of the research report and recommendation services provided.
• The Research Analyst or its employees or associates have not served as an officer, director, or employee of the subject company.
• The Research Analyst has not engaged in market-making activity of the subject company.