This report is prepared by Anshul Pathania, a registered Research Analyst under the Securities and Exchange Board of India (Research Analysts) Regulations, 2014 bearing SEBI Registration number INH000010751.


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  1. Anshul Pathania or his associates have not received compensation from the subject company in the past 12 months for services unrelated to the preparation of this report.
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  4. Anshul Pathania has not received any compensation or other benefits from the subject company or third party in connection with the research report.
  5. Anshul Pathania hereby declares that he has not been engaged in market-making activity for the subject company.
  6. All opinions and views expressed in this report are subject to change without notice based on market conditions and other factors.

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