• We are engaged in the business of research services, we are not engaged in any other business activity.
• There is no disciplinary history against the proprietor or the firm
• Terms and Conditions of the Services are detailed below as terms and Conditions. These are also a part of the disclosure.
• We do not have any associate who is listed or registered intermediary or have made an application for listing.
• The research analyst or research entity or its associates or relatives, does not 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
• The research analyst or research entity or his associate or his relative, does not have any other material conflict of interest at the time of publication of the research report or at the time of public appearance.
• The research analyst or research entity or his associate or his relative does not have any financial interest in the subject company and the nature of such financial interest. If there is any such interest it shall be disclosed accordingly.
• Our firm or its proprietor or its associates have not received any compensation from the subject company in the past twelve months.
• Our firm or its proprietor or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months.
• Our firm or its proprietor or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
• Our firm or its proprietor or its associates have not 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.
• Our firm or its proprietor or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
• Our firm or its proprietor or its associates have not received any compensation from the subject company in the past twelve months
• The research analyst has not served as an officer, director or employee of the subject company.
• The research analyst or research entity has been engaged in market making activity for the subject company.
• We shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.