The purpose of the document is to provide essential information about the Research Services in a manner to assist and enable the prospective client/clients in making an informed decision for engaging in Research services before onboarding.

1. HISTORY, PRESENT BUSINESS AND BACKGROUND

2. TERMS AND CONDITIONS OF RESEARCH SERVICES

The Research Services will be limited to providing independent research recommendation and shall not be involved in any advisory or portfolio allocation services. The Research Analyst never guarantees the returns on the recommendation provided. Investors shall take note that Investment/trading in stocks/Index or other securities is always subject to market risk. Past performance is never a guarantee of the same future results. The Research Analyst shall not be responsible for any loss to the Investors.

3. DISCIPLINARY HISTORY

4. DETAILS OF ITS ASSOCIATES

5. DISCLOSURES WITH RESPECT TO RESEARCH AND RECOMMENDATIONS SERVICES

• Research entity or Research Analyst or his associate or his relative may have financial interest or actual / beneficial ownership of one per cent or more in the securities recommended in its personal portfolio at the end of the month immediately preceding the date of publication of the research report or date of the public appearance. Details of the same may be referred through the disclosures made at the time of advice.

• There are no actual or potential conflicts of interest arising from any connection of Research entity or Research Analyst or his associate or his relative to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of Research Analyst services. Such conflict of interest shall be disclosed to the client as and when they arise.

• Research analyst or research entity or its associates or relatives, may have actual/beneficial ownership of one per cent or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance or research recommendation. Details of the same may be referred through the disclosures made at the time of advice.

• Research entity or Research analyst or its associate or relatives has no connection or association of any sort with any issuer of products/ securities recommended herein.

• Research analyst or his associate or his relative has no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of research and recommendations services.

• Research entity or Research analyst or its associates has not received any kind of remuneration or consideration form the products/ securities recommended herein.

• Research entity or Research analyst or its associates have not received any compensation from the subject company in past 12 months.

• Research entity or Research analyst or its associates have not managed or co-managed the public offering of Subject Company in past 12 months.

• Research entity or Research analyst or its associates have not received any compensation for investment banking or merchant banking of brokerage services from the subject company in past 12 months.

• Research entity or Research analyst 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.

• Research entity or Research analyst or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report or research recommendations.

• Research entity or Research analyst or its associates have not received any compensation for products or services from the subject company in past 12 months.

• The subject company is or was not a client of Research entity or Research analyst or its associates during twelve months preceding the date of distribution of the research report and recommendation services provided.

• Research Analysts or its associates has not served as an officer, director or employee of the subject company.

• Research Analysts has not been engaged in market making activity of the subject company.
• Research entity or Research analyst may 
  use Artificial Intelligence (“AI”) tools in delivering Services. It may include analyzing financial statements, generating report summaries and assistance in report writing.

6. DISCLAIMERS