DISCLAIMER & DISCLOSURES

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RESEARCH ANALYST: VIJAY KUMAR GUPTA

RESEARCH ANALYST REGISTRATION NUMBER: INH000020226

Disclaimer and Disclosures:

MARKET RISKS WARNING: “Investment in securities market are subject to market

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LOSS POSSIBILITY: Market risks may result in partial or permanent loss of

investments under certain market conditions.

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RISK ASSOCIATED IN OPEN POSITIONS: Our recommendations may be open; we may

not provide any stop-loss or target price in securities recommendations. This will

cause a huge loss on your portfolio in adverse market conditions or company events.

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RESEARCH ANALYST: VIJAY KUMAR GUPTA

RESEARCH ANALYST REGISTRATION NUMBER: INH000020226

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Analyst) Regulations, 2014. SEBI Reg. No. INH000020226

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GUPTA: INH000020226”

The Research report is issued to the registered clients. The Research Report or

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publicly available data or other sources believed to be reliable.

We have also reviewed the research report or Research recommendations for any

untrue statements of material facts or any false or misleading information.

The report or recommendations are prepared solely for informational purposes and

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“VIJAY KUMAR GUPTA: INH000020226”, its partners, employees, officers, and its

affiliates are not responsible for any loss or damage that may arise to any person for

any nonchalant error in the information represented in the research report or

research recommendations.

Investors may lose his/her entire amount or Investments or portfolio under certain

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The research report or Research recommendations do not take into account any

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RESEARCH ANALYST: VIJAY KUMAR GUPTA

RESEARCH ANALYST REGISTRATION NUMBER: INH000020226

The client obtaining the research report or Research recommendations should act

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Disclosures of all material information: “VIJAY KUMAR GUPTA: INH000020226”

Disclosures with regard to ownership and material conflicts of interest:

“VIJAY KUMAR GUPTA: INH000020226” or its research analysts or his/her relative or

associate don’t have any direct or indirect financial interest in the subject company

“VIJAY KUMAR GUPTA: INH000020226” or its research analysts, or his/her relative

or associate don’t have any other material conflict of interest at the time of

publication of the research report.

“VIJAY KUMAR GUPTA: INH000020226” or its research analysts, or his/her relative

or associates don’t have actual ownership of 1% or more securities of the subject

company

Disclosures with regard to ownership and material conflicts of interest:

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compensation from the subject company in the past twelve months: NO

“VIJAY KUMAR GUPTA: INH000020226” or its associates have managed or co-

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compensation for investment banking or merchant banking or brokerage services

from the subject company in the past twelve months: NO

“VIJAY KUMAR GUPTA: INH000020226” or its associates have received any

compensation for products or services other than investment banking or merchant

banking or brokerage services from the subject company in the past twelve months:

NO

“VIJAY KUMAR GUPTA: INH000020226” or its associates have received any

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connection with the research report: NO

The research analyst has not served as an officer, director, and employee of the

subject company

“VIJAY KUMAR GUPTA: INH000020226” or its research analyst has been engaged in

the market-making activity for the subject company: NO

“VIJAY KUMAR GUPTA: INH000020226” or its associates have received any

compensation from the subject company in the past twelve months: NO

RESEARCH ANALYST: VIJAY KUMAR GUPTA

RESEARCH ANALYST REGISTRATION NUMBER: INH000020226

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The Use of AI Tools in Research and Advisory Services involves several key points:

Our Recommendations are based on technical and fundamental analysis with some use of

AI-artificial intelligence.

Our Responsibility for client data security, confidentiality, and compliance is upheld on the

use of AI.

AI trading risks include system vulnerabilities that can amplify errors.

Handling sensitive data poses privacy and security risks, including potential breaches.

Concerns include biased outputs, privacy violations, lack of transparency, data quality

issues, and misleading results from poor data.

Severe data glitches may result in significant losses related to your security or portfolio.

MODEL PORTFOLIO BY RESEARCH ANALYST:

“VIJAY KUMAR GUPTA: INH000020226” will adhere to the Research Analysts' Guidelines for

recommending a 'model portfolio' whenever necessary.

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RESEARCH ANALYST: VIJAY KUMAR GUPTA

RESEARCH ANALYST REGISTRATION NUMBER: INH000020226

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