Disclosure

History, Present Business & Background

Mr. Rohit Gholap is registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst under Registration No. INH000008455.

The Research Analyst was granted registration on 27th May, 2021 and is engaged in providing research and recommendation services in the securities market.

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Terms and Conditions of Research Services

• The Research Services are limited strictly to providing independent research recommendations and shall not include any investment advisory, portfolio management, or fund allocation services.

• The Research Analyst does not guarantee any returns on the recommendations provided.

• Investors must understand that trading or investing in stocks, indices, or other securities is subject to market risks.

• Past performance of recommendations does not guarantee future results.

• The Research Analyst shall not be responsible for any loss incurred by investors while acting on the recommendations.

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Disciplinary History

• There are no pending material litigations or legal proceedings against the Research Analyst.

• As on date, no penalties or directions have been issued by SEBI under the SEBI Act or regulations made thereunder against the Research Analyst in relation to Research Analyst services.

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Details of Associates

• The Research Analyst has no associates.

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Disclosures with Respect to Research & Recommendation Services

The Research Analyst, its employees, and associates hereby declare that:

• They do not trade in securities which are the subject matter of their recommendations.

• There are no actual or potential conflicts of interest arising from any connection with the issuer of securities. Any such conflict, if it arises in the future, shall be disclosed to the client immediately.

• They have not received any compensation from the company which is the subject matter of the recommendation.

• They have not managed or co-managed any public offering of the subject company.

• They have not received any compensation for investment banking, merchant banking, or brokerage services from the subject company.

• They have not received any compensation for products or services other than those stated above from the subject company.

• They have not received any compensation or other benefits from the subject company or any third party in connection with the research report or recommendation.

• The subject company was not a client of the Research Analyst or its employees or associates during the twelve months preceding the date of recommendation.

• The Research Analyst or its employees or associates have not served as an officer, director, or employee of the subject company.

• The Research Analyst has not engaged in market-making activity for the subject company.

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Standard Warning

“Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.”

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Disclaimer

“Registration granted by SEBI, Enlistment as RA with exchange and certification from NISM in no way guarantee the performance of the Research Analyst or provide any assurance of returns to investors.”