Disclosure

SEBI Registered Research Analyst

Registration No.: INH000016533 This Disclosure Document has been compiled in accordance with the SEBI (Research Analyst) Regulations, 2014. The purpose of this document is to provide essential details regarding research and recommendation services, enabling potential and existing clients to make well-informed decisions before engaging in such services. About the Research Analyst For the purpose of this Disclosure Document, the term “Research Entity” refers to Amit Kori, who is the registered Research Analyst. Background & Business Overview The Research Entity is registered with SEBI as a Research Analyst under Registration No. INH000016533. The registration was granted on June 21, 2024, and the firm specializes in providing research and recommendations service. Disciplinary History There are no pending material litigations or legal proceedings, findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against the Research entity, Research Analyst or its associates or relatives. The Research Entity has no associates.

Disclosures Regarding Research & Recommendation Services

• The Research Analyst, the Research Entity, or any of its associates or relatives may hold a financial interest or own 1% or more of the securities recommended in their personal portfolio at the end of the month prior to the release of a research report or public recommendation. Relevant disclosures will be provided at the time of advisory.
• There are no actual or potential conflicts of interest arising from any connection between the Research Entity, Research Analyst, or their associates/relatives and any issuer of securities. If any conflict arises, it will be disclosed to clients promptly.
• The Research Entity, Research Analyst, or their associates/relatives do not have any affiliation or association with the issuers of the recommended securities or financial products.
• The Research Analyst, their associates, or their relatives have not received any form of remuneration or compensation from issuers of the recommended securities.
• The Research Entity, Research Analyst, or associates have not received any compensation from the subject company.
• The Research Entity has not participated in managing or co-managing any public offering of the subject company within the past year.
• No compensation has been received for research banking, merchant banking, or brokerage services from the subject company.
• No compensation has been received for any non-research banking or brokerage-related services from the subject company.
• The Research Entity, Research Analyst, or associates have not been compensated by third parties for producing research reports or providing research recommendations.
• The subject company has not been a client of the Research Entity, Research Analyst, or its associates within the 12 months preceding the publication of the research report.
• The Research Analyst or associates have never held any position (such as officer, director, or employee) in the subject company.
• The Research Analyst has not been engaged in market-making activities for the subject company.