⚖️ Conflict of Interest Disclosure

We prioritize transparency and investor trust. As per SEBI (Research Analyst) Regulations, 2014, we make the following disclosures regarding any potential conflict of interest:

1. Financial Interest in Securities

We do not hold any financial interest or beneficial ownership in the securities or investment products covered in our research reports, unless explicitly disclosed.
Our views are independent and not influenced by personal holdings or market positions.

2. Personal/Family Positions

The Research Analyst, Mr. Manish N Chetwani, or his immediate family members may or may not hold positions in the securities discussed in the reports.
Such positions, if any, are coincidental and are not intended to affect the objectivity of our research content.

3. No Affiliation with Companies Covered

We are not associated with, employed by, or compensated by any of the companies mentioned in our research for writing or publishing reports.

4. No Third-party Research Sponsorship

Our research is produced without any sponsorship, commission, or incentives from third parties, brokers, or investment product manufacturers.

5. Objective Communication

We maintain editorial integrity and ethical standards in our communications. If any material conflict of interest arises in the future, it will be disclosed promptly.