Disclosures

1. About the Research Analyst:

Vibhor Varshney is a Research Analyst having its registered office at A-101 Lohiya Nagar, Ghaziabad, Uttar Pradesh-201001.

Vibhor Varshney was registered with SEBI as an Individual vide Registration number INH100005419 on November 14, 2017, pursuant to which it provides Research Analyst services to its clients.

2. About the Research Analyst:

Mr. Vibhor Varshney has done Post Graduate Diploma in Management. With a strong analytical skill set, he excels in identifying investment ideas and implementing effective strategies.

3. Details of Business activities:

Mr. Vibhor Varshney offers recommendations based on research analysis in equities, futures, and options.

4. Disciplinary History:

There are no outstanding litigations or no disciplinary history against Vibhor.

5. Terms and Conditions on which Research Report is being issued:

Mr. Vibhor Varshney has exercised due diligence in checking the correctness and authenticity of the information contained herein, so far as it relates to current and historical information, but does not guarantee its accuracy or completeness. The opinions expressed are based on our current research as of the date appearing in the material and may be subject to change from time to time without notice.

Mr. Vibhor Varshney does not accept any liability arising from the use of this document or the information contained herein. The recipients of this material should rely on their own judgment and take their own professional advice before acting on this information.

Mr. Vibhor Varshney shall not be in any way responsible for any loss or damage that may arise to any person/s from any inadvertent error in the information contained, views and opinions expressed in this publication.

6. Mr. Vibhor Varshney or its associates, including relatives-

• do not hold any financial interest in the Company.
• do not have any actual/beneficial ownership of more than 1% in the company.
• do not have any other material conflict of interest.

7. Mr. Vibhor Varshney or its associates are not affiliated with any other intermediaries or have received any brokerage or commission from any third party.

8. Vibhor Varshney or its associates have not received any compensation from the Company covered by Research Analyst during the past twelve months.

9. Vibhor Varshney or its associates have not managed or co-managed public offering of securities of the Company during the past twelve months.

10. Vibhor Varshney or its associates has not served as an officer, director or employee of the Company and has not been engaged in the market making activity of the Company.

11. Vibhor Varshney have ensured that the facts mentioned in the research report are taken from the reliable source and information. However, the investors are advised to independently evaluate the market conditions/ risks involved before making the investment decision.