Disclosure under Regulation 19

I am Rajendra Vitthal Suryawanshi, a SEBI Registered Research Analyst (INH000007094) and BSE Enlistment number 5342. I also hold qualifications as a Research Analyst. My professional experience includes providing recommendations and publishing research reports.

Disciplinary History

There is no disciplinary history in my name, and there are no pending orders or outstanding litigations.

Terms and Conditions for Research Report

Details of Associates

Mention the details of associate employed by RA.

Disclosure with regard to ownership and material conflicts of interest:

• The Research Analyst or relatives/associates do not have financial interest in the subject company.
• No ownership of 1% or more securities in the subject company.
• No other material conflict of interest at the time of report publication.

Disclosure with regard to receipt of compensation:

• No compensation received from subject company in the past 12 months.
• No public offering managed or co-managed for subject company.
• No compensation for investment/merchant banking or brokerage services.
• No compensation for non-banking services either.
• No compensation or benefits received from subject company or third party.

Disclosure for Public Appearances:

• No compensation from subject company in past 12 months.
• Subject company is not/was not a client in past 12 months.

General Disclosure

• The analyst has not served as officer/director/employee of the subject company.
• The analyst has not participated in market making activity.
• Use of AI tools: Not applicable

Definitions of Terms Used

• Buy: Recommendation to buy at Market price or within specified price band.
• Sell / Target: Price to sell once target price is hit or exceeded.
• Hold: No exit needed if stock hasn’t hit stop loss or target.
• Stop Loss: Price to exit stock due to adverse move or volatility.

Additional Disclosures

• Logo: Not applicable
• Brand/Trade Name: Not applicable
• Address: F1-13 Nice Sankul, Near ITI Signal, Trimbak Road Satpur, Nashik, Maharashtra-422007
• Phone: 9422945260
• Membership no. of SEBI recognized supervisory body (whenever applicable): 5342
• Grievance Officer: Rajendra Vitthal Suryawanshi | 9422945260 | srajendrav@gmail.com

Warning

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

Disclaimer

“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.”