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RESEARCH DISCLAIMER AND DISCLOSURE

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.

DISCLAIMER

  1. This report is for informational purposes only and is not an offer or solicitation to buy or sell any securities or to adopt any investment strategy. The views and opinions expressed in this report are based on publicly available data and other sources believed to be reliable. However, no representation or warranty, express or implied, is made as to the accuracy, completeness, or fairness of the information contained in this report.
  2. Past performance is not indicative of future results. All investments involve risks, including the loss of principal. Anshul Pathania and associates shall not be liable for any direct or indirect losses arising from the use of this report or its contents.
  3. The views expressed in this report reflect the personal views of Anshul Pathania and do not necessarily reflect the views of any organization or entity.

DISCLOSURE

  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.
  2. Anshul Pathania or his associates do not have a financial interest in the subject company or its affiliates, including holding securities, derivatives, or any other financial instruments.
  3. Anshul Pathania or his associates have not served as an officer, director, or employee of the subject company in the past 12 months.
  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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