Disclosure

Research analyst services are provided by Trading Cafe India (“TCI”) | SEBI Research Analyst Registration No.: INH000013767 | BSE Enlistment No. (RAASB): 5925 | Registered Address: A-35, Udhognagar, Jamnagar – 361004, Gujarat, India. Principal Officer / Contact Person: Mr. Chinmay Dudhane. Telephone: +91 98333 94530. Email: support@tradingcafeindia.com | Website: www.tradingcafeindia.com

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General Disclaimer

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration with SEBI, membership of BSE Administration & Supervision Limited and certification from NISM do not guarantee performance or assure returns. None of the research recommendations, trading calls or views shared by TCI on this Telegram channel or on any other platform (website, YouTube, Instagram, live streams or otherwise) promise or guarantee any assured, minimum or risk-free return to investors. By referring to any particular security, sector or business group, TCI does not provide any promise or assurance of a favourable view or outcome in any manner.

All calls, research reports and related content shared by TCI are for informational and educational purposes only and should not be considered as an advertisement, invitation, offer or solicitation to buy or sell or subscribe for any securities, or as professional advice of any kind. The content does not constitute an offer or solicitation in any jurisdiction where such an offer or solicitation would be illegal, including for residents of the USA and/or Canada.

Risk Disclosure

Derivatives (Futures & Options) are sophisticated investment instruments involving substantial risk of loss and are not suitable for all investors. Investors are requested to take into consideration all risk factors, including their own financial position and risk appetite, before trading in derivative contracts. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned can fall as well as rise. Actual results may differ materially from those set forth in projections; forward-looking statements are not predictions and may be subject to change without notice.

Information, opinions and estimates contained in any report or call reflect a judgment as of its original date of publication by TCI and are subject to change without notice. Reports based on technical analysis are centred on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals, and as such may not match a report on the company's fundamentals.

No Investment, Legal or Tax Advice

TCI will not treat recipients or channel subscribers as clients by virtue of their receiving or viewing this content. Nothing herein constitutes personalised investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed may not be suitable for all investors, who must make their own investment decisions based on their own investment objectives, financial position and needs. This content may not be taken in substitution for the exercise of independent judgment; recipients should independently evaluate investment risks and, where necessary, seek the advice of a qualified financial adviser. TCI accepts no liability whatsoever for any direct, indirect or consequential loss or damage of any kind arising out of the use of this content.

Sources of Information

Reports and calls are based on information obtained in good faith from public sources and sources believed to be reliable, but no independent verification has been made, nor is their accuracy or completeness guaranteed. Though disseminated to all recipients simultaneously, not all recipients may receive the content at the same time. TCI may have issued other reports or views that are inconsistent with, and reach different conclusions from, the information presented in a particular report or call.

Disclosure of Interest

TCI, its research analysts, partners, associates or relatives: (a) may, from time to time, have long or short positions in, and buy or sell, the securities of the company(ies) mentioned, or (b) may be engaged in other transactions involving such securities and may have other potential or material conflicts of interest with respect to any recommendation at the time of publication or public appearance. Any such holding or position, where existing, shall be disclosed along with the specific recommendation as required under the SEBI (Research Analysts) Regulations, 2014.

TCI or its research analysts or associates: have not managed or co-managed any public offering of securities of the subject company(ies) in the past twelve months; have not received any compensation from the subject company(ies) in the past twelve months for investment banking, merchant banking, brokerage services or any other products or services; have not been engaged in market-making activity for the subject company(ies); have not served as an officer, director or employee of the subject company(ies); and do not own 1% or more of the equity securities of the subject company(ies) as of the last day of the month immediately preceding the date of publication. Subject company(ies) may have been a client of TCI during the twelve months preceding the date of distribution of the research report, and any such relationship will be disclosed where applicable. Compensation of research analysts is not based on any specific transaction or recommendation.

TCI encourages independence in research report preparation and strives to minimise conflicts of interest. Neither TCI nor its research analysts or their relatives have any material conflict of interest or financial interest in the subject company(ies) at the time of publication, except as disclosed.

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The reports and calls shared on this channel are meant solely for the intended recipients/subscribers and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media, or reproduced in any form, without prior written consent of Trading Cafe India. This should not be construed as an invitation or solicitation to do business with TCI.

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