SEBI Research Analyst Regulations

Disclosures and Disclaimers

This report has been prepared by NU Investors Technologies Pvt. Ltd. in its capacity as a Research Analyst registered with SEBI and is distributed in accordance with SEBI (Research Analysts) Regulations 2014. It has been compiled and distributed by Research Analysts employed by NU Investors Technologies Pvt. Ltd solely for informational purposes. The information and opinions in this report are not intended to be a solicitation or provide advice for the purchase or sale of any security, investment, or derivative. NU Investors Technologies Pvt. Ltd deemed the information and opinions in this report to be valid at the time of publication. The report may include information provided by third parties. While NU Investors Technologies Pvt. Ltd has taken reasonable steps to ensure the accuracy and completeness of this information, it does not guarantee it. Anyone relying on this report does so at their own risk, and NU Investors Technologies Pvt. Ltd accepts no liability as a result. The securities markets can experience rapid and unexpected price movements, and past performance is not indicative of future results. Investors should conduct their own independent analysis with their legal, tax, and financial advisors to make their own conclusions about investing in the securities market. Under no circumstances should this report be considered an offer to sell or a solicitation to buy any securities mentioned within. The information in the research reports may come from trade and statistical services and other sources considered reliable by NU Investors Technologies Pvt. Ltd, but NU Investors Technologies Pvt. Ltd and its affiliates do not guarantee its accuracy or completeness and it should not be relied upon as such. The analysis in this report reflects the views at the date of publication and is subject to change without notice. NU Investors Technologies Pvt. Ltd confirms that no significant disciplinary action impacting Research Analysis activities has been taken against it by any regulatory authority.

NU Investors Technologies Pvt. Ltd is also a SEBI-registered Stock Broker and Depository Participant, offering various other financial services through its online investment platform. NU Investors Technologies Pvt. Ltd business and its associates include the distribution of mutual funds, and other financial products and services.

Certifications

The Research Analyst(s) who prepared this report certify that the views expressed herein accurately reflect their personal views about the subject issuers and/or securities, that they have no known conflict of interest, and that no part of their compensation is, or will be, directly or indirectly related to the specific views or recommendations contained in this report.

Additional Disclosures of Interest

Suitability and Risks

This report is for informational purposes only and is not tailored to the specific investment objectives, financial situation, or particular requirements of any individual recipient. Certain securities may involve substantial risks and may not be suitable for all investors. Each investor must determine the appropriateness of any securities referred to in this report based on their legal, tax, and accounting considerations, investment objectives or strategy, financial situation, and investing experience. The value of any security can be positively or adversely affected by changes in foreign exchange or interest rates, as well as other financial, economic, or political factors.

Sources, Completeness, and Accuracy

The material in this report is based on information obtained from sources that NU Investors Technologies Pvt. Ltd and the research analyst consider reliable, but neither NU Investors Technologies Pvt. Ltd nor the research analyst guarantee its accuracy or completeness. Opinions expressed herein are current as of the date on this material and are subject to change without notice. NU Investors Technologies Pvt. Ltd is under no obligation to update or keep the information current. Neither NU Investors Technologies Pvt. Ltd, its affiliates/employees, nor any third party involved in compiling the information has any liability for any damages, including but not limited to direct or consequential loss or damage, arising from the use of this report.

Copyright

The copyright of this research report belongs exclusively to NU Investors Technologies Pvt. Ltd. All rights are reserved. Unauthorized use or disclosure is prohibited. No reprinting or reproduction, in whole or in part, is allowed without NU Investors Technologies Pvt. Ltd prior consent, except for internal circulation if reprinted in its entirety.

Caution

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