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Disclosures with regard to ownership and material conflicts of interest:

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 or its research analysts or his/her relative or associate don’t have any direct or indirect financial interest in the subject company

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 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.

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 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:

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 or its associates have received any compensation from the subject company in the past twelve months: NO

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 or its associates have managed or co-managed public offering of securities for the subject in the past twelve months: NO

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 or its associates have received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months: NO

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 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

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 or its associates have received any compensation or other benefits from the subject company or third party in connection with the research report: NO

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

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 or its research analyst has been engaged in the market-making activity for the subject company: NO

Kaushik Ghosh PROPRIETOR OF The Trading Circle: INH000019017 or its associates have received any compensation from the subject company in the past twelve months: NO

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Disclaimer and Disclosures:

Visit our website: https://thetradingcircle.in/ for more details on risks, disclosures, disclaimers, terms and conditions, refund policies, SEBI Research Analyst registration details, Compliance officer details, etc.

MARKET RISKS WARNING: “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.”

LOSS POSSIBILITY: Market risks may result in partial or permanent loss of investments under certain market conditions.

ILLUSTRATIVE PURPOSES: The securities mentioned are for illustration only and are not recommendations.

SEBI REGISTRATION: Registration granted by SEBI and certification from NISM do not guarantee the performance of the intermediary nor assure returns to investors.

PAST PERFORMANCE: Past performance is not indicative of future results.

EDUCATIONAL PURPOSES: The information on social media is for educational purposes, not investment advice. Investors should consult their advisors before making decisions.

NO WARRANTIES: The Research Analyst does not guarantee the accuracy, results, or reliability of content on its website, including merchantability, suitability, and non-infringement.