SEBI Registered Research Analyst – INH000027760

By subscribing to this package, you agree to the following terms and conditions as prescribed under SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2025/004:

Client Consent and Declaration

I have read and understood the terms and conditions applicable to a Research Analyst as defined under Regulation 2(1)(u) of the SEBI (Research Analyst) Regulations, 2014, including the fee structure. I am subscribing to the research services for my own benefit and consumption, and any reliance placed on the research reports, recommendations, opinions, projections, or estimates provided by the Research Analyst shall be based solely on my own judgment and assessment.

I understand and acknowledge that:

Any investment or trading decision made based on the recommendations contained in the research reports is subject to market risk.Recommendations provided in research reports do not provide any assurance or guarantee of returns.There is no recourse to claim compensation for any losses incurred on investments made based on the recommendations in the research reports.The Research Analyst cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the research services.All opinions, projections, estimates, and recommendations are based on the analysis of available data and certain assumptions as of the date of preparation or publication of the research report and are subject to change without notice.

Important Notes

Risks:

Trading and investing in the securities market involve substantial risk, including the possible loss of capital. Clients should trade or invest only with funds they can afford to risk. Profit and loss outcomes may vary depending on market conditions, entry and exit levels, position sizing, and other factors.We strongly encourage all clients to carefully read our Terms and Conditions, Standard Dos and Don'ts, Risk Disclosure Documents, and other applicable policies before making any investment or trading decisions.No Profit Sharing : We do not operate on a profit-sharing basis. All payments made by clients are strictly towards the research services provided.

Refund Policy

All fees paid towards research services are non-refundable. Payments once made shall not be refunded under any circumstances, except as may be required under applicable regulatory provisions.

Mandatory Regulatory Disclosures

"Investment in the securities market are subject to market risks; read all related documents carefully before investing."

"The terms and conditions and the consent thereon are for the research services provided by the Research Analyst. The Research Analyst cannot execute, carry out, or undertake any trade, purchase, sale, or transaction on behalf of the client. Clients are advised not to permit the Research Analyst to execute any trade on their behalf."

MITC

Our RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of the RA’s research services. All opinions, projections, estimates of the RA are based on the analysis of available data under certain assumptions as of the date of

preparation/publication of research report.

The SEBI registration, Enlistment with RAASB, and NISM certification do not guarantee the performance of the RA or assure any returns to the client.

The RA shall never ask for the client’s login credentials and OTPs for the client’s Trading Account Demat Account and Bank Account. Never share such information with anyone including RA.