Disclosure

First and foremost, please note that we are a SEBI registered Research Analyst. The information contained in this newsletter/report is based on publicly available data and other sources believed to be reliable, but we do not guarantee its accuracy or completeness. Aarohi Shah and their agents/representatives shall not be held responsible for any losses arising from inadvertent errors in the information provided in this report. Each recipient is encouraged to conduct their own due diligence and investigation before making any investment decisions regarding the companies mentioned in this report. We recommend consulting with your own advisors to assess the merits and risks of such investments.

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Recipients of this newsletter/report should understand that past performance is not indicative of future results.

SEBI Registered Research Analyst Registration No. INH000018832

The particulars given in this Disclosure Document have been prepared in accordance with SEBI (Research Analyst) Regulations, 2014.

The purpose of the Document is to provide essential information about the Research and recommendation Services in a manner to assist and enable the perspective client/client in making an informed decision for engaging in Research and recommendation services before investing.

For the purpose of this Disclosure Document, Research Analyst is Aarohi Palak Shah, (hereinafter referred as “Research Analyst”)

Descriptions about “Research Analyst”

• History, Present business and Background

Aarohi Palak Shah is registered with SEBI as Research Analyst with Registration No. INH000018832. The firm got its registration on November 11, 2024 and is engaged in research and recommendation Services.

The focus of Research Analyst is to provide research and recommendations services to the clients. Analyst aligns its interests with those of the client and seeks to provide the best suited services.

• Terms and conditions of Research and Recommendation Services 

Terms and conditions of Research and Recommendation Services are detailed in the terms and condition document. Please refer to the same for details.

• Disciplinary history 

There are no pending material litigations or legal proceedings, findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against the Research Analyst or its associates or relatives.

• Details of its associates 

No Associates

Disclosures with respect to Research and Recommendations Services

• Research Analyst or his associate or his relative may have financial interest or actual / beneficial ownership of one per cent or more in the securities recommended in its personal portfolio at the end of the month immediately preceding the date of publication of the research report or date of the public appearance. Details of the same may be referred through the disclosures made at the time of research.

• There are no actual or potential conflicts of interest arising from any connection of or Research Analyst or his associate or his relative to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of Research Analyst services. Such conflict of interest shall be disclosed to the client as and when they arise.

• Research analyst or its associates or relatives, may have actual/beneficial ownership of one per cent or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance or research recommendation. Details of the same may be referred through the disclosures made at the time of research.

• Research analyst or its associate or relatives has no connection or association of any sort with any issuer of products/ securities recommended herein.

• Research analyst or his associate or his relative has no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of research and recommendations services.

• Research analyst or its associates has not received any kind of remuneration or consideration form the products/ securities recommended herein.

• Research analyst or its associates have not received any compensation from the subject company to the research in past 12 months.

• Research analyst or its associates have not managed or co-managed the public offering of Subject Company to the research in past 12 months.

• Research analyst or its associates have not received any compensation for investment banking or merchant banking of brokerage services from the subject company to the research in past 12 months.

• Research analyst or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company to the research in the past twelve months.

• Research analyst or its associates have not received any compensation or other benefits from the subject company to the research or third party in connection with the research report or research recommendations.

• Research analyst or its associates have not received any compensation for products or services from the subject company to the research in past 12 months.

• The subject company to the research is or was not a client of Research analyst or its associates during twelve months preceding the date of distribution of the research report and recommendation services provided.

• Research Analysts or its associates has not served as an officer, director or employee of the subject company.

• Research Analysts has not been engaged in market making activity of the subject company.