Disclosure

This disclosure document has been prepared in accordance with SEBI (Research Analyst) Regulations.

Research Analyst Information

The purpose of this document is to provide essential information regarding research and recommendation services offered by Market Line Research.

For this disclosure document, Market Line Research shall be referred to as the Research Analyst.

Registration Details

Market Line Research is registered with SEBI as a Research Analyst and is engaged in providing research analyst services.

The focus of the Research Analyst is to provide research services that align with client objectives and investment requirements.

Disciplinary History

• No penalties or directions have been issued by SEBI relating to Research Analyst services.
• No pending material litigations or investigations affecting research activities.
• Details of associates: None.

Disclosure Concerning Research Services

Research Analysts may have financial interest or beneficial ownership in securities recommended within their portfolio.

• Any conflict of interest, if any, shall be disclosed to clients as and when it arises.
• No compensation has been received from subject companies in connection with recommendations.
• No management or co-management of public offerings of subject companies.
• No compensation received for investment banking, merchant banking or brokerage services.
• No compensation received for products or services other than research services.
• Research Analysts have not served as officers, directors or employees of subject companies.
• Research Analysts have not engaged in market-making activities of subject companies.

Investor Notice

Investments in stock, derivatives and commodity markets are subject to market risks.

Past performance is not indicative of future performance.

Market Line Research does not provide assured returns, profit sharing, guaranteed income, commitments or fixed-return plans.