1. Harinder Kumar Sahu (the “Individual”) is registered with SEBI as Individual Research Analyst vide Registration number INH200005753 on March 15, 2018, pursuant to which it provides Research Analyst services to its clients.
  2. I agree that the services provided is only in the form of recommendations on portfolio of listed stocks based on qualitative and / or quantitative analysis and I would not be responsible for any losses that may be caused on the investment decisions taken based on my recommendations.
  3. I do not provide any promise or assurance of favourable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition and suitability to risk return profile before investing. Any loss, whether monetary or otherwise, suffered by the client is not our responsibility.
  4. I make no representation, warranty, or guarantee as to the accuracy, completeness, or timeliness of the information (including news, prices, statistics, analysis and the like). In no event I or my associates be liable to any person for any decision made or action taken in reliance upon the information provided herein. Viewers are advised to exercise caution when considering client feedback. There is no assurance that future outcomes will be the same as previous ones.
  5. I do not make any assurance or guarantee regarding any recommendation made by me, investment should not be based solely on the advice provided, since the views expressed do not take into account an individual’s risk appetite or circumstances.
  6. I ensure that the research recommendations are provided to all the clients who are entitled to receive the research reports.
  7. I ensure that the individuals employed as research analyst are separate from other employees who are performing sales trading, dealing, corporate finance advisory or any other activity that may affect the independence of our research report/recommendations. However, these individuals may receive feedback from sales or trading personnel of brokerage division to ascertain the impact of research report/recommendations.
  8. I ensure that if a client wants an opinion on a specific position, such suggestion/view under any circumstances shall be considered as an opinion (not advice). I will not be liable for any losses whatsoever the client may incur in accepting this opinion.
  9. I have not managed or co-managed public offering of securities for the subject company and have not been mandated by the subject company for any other assignment in the past twelve months.
  10. I have not received any compensation from the companies mentioned in the report during the period preceding twelve months from the date of this report for services in respect of managing or co-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction in the normal course of business.
  11. I have not received any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, I do not have any material conflict of interest at the time of publication of this report.
  12. I have not been engaged in market making activity for the subject company. I have not served as an officer, director or employee of the subject company. I have not received any compensation/benefits from the subject company or third party in connection with the Research Report.
    I do not have any association in any manner with any issuer of products/securities; this ensures that there are no actual or potential conflicts of interest. This also ensures that objectivity or independence in the carrying on of investment advisory services is not compromised.

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