DISCLOSURES

The following disclosures are being made in compliance with the SEBI Research Analyst Regulations 2014 (herein after referred to as the “regulations”)

Technofunda Ventures Private Limited (“Research Analyst”) is registered with SEBI as Research Analyst with Registration No. INH000012272; BSE Enlistment No. 5777

The Research Analyst has no material adverse disciplinary history as of the date of publication of this disclosure.
The Research Analyst has no associates engaged in research work.
Neither the Research Analyst nor its employees or associates have beneficial ownership of 1% or more in any company analyzed or covered under its research services, as specified in the SEBI Regulations.
The Research Analyst, its employees, or its associates may or may not hold any ownership in the stocks covered under the research services.
The Research Analyst, its employees, or associates have no actual or potential conflicts of interest arising from any connection or association with any issuer of securities, including any material information or facts that might compromise the objectivity or independence of the research services.
The Research Analyst, its employees, or associates have not received any remuneration, consideration, or compensation from any company covered under its research services in the past twelve months.
Companies covered under the research services were not clients of the Research Analyst in the twelve months preceding the date of this disclosure.
The Research Analyst, its employees, or associates have not served as an officer, director, or employee of any company covered under its research services.
The Research Analyst, its employees, or associates have not engaged in market-making activities for any company covered under its research services.

The performance of the company covered in the material prepared may be adversely affected by numerous factors including, for example, (i) business, economic, and political conditions; (ii) the supply of and demand for the goods and services produced, provided, or sold by such companies; (iii) changes and advances in technology that may, among other things, renders goods and services sold by such companies obsolete; and (iv) actual or potential competition, directly or indirectly, domestic or international; (v) challenges related to capital raising for future growth; (vi) negative news or sentiments around the company/sector due to various reasons; (vii) unforeseen force majeure events like war, terrorist attacks, riots, strikes, explosion, natural calamities, act of God, any Government or any other regulatory cause. Businesses and Capital Markets are Dynamic and there is no assurance, insurance or guarantee that the forecast, recommendation, opinion, views, etc. given about the company in the material will be achieved or hold true in future.

This research service is not directed or intended for distribution to any person or entity in any jurisdiction where such distribution would be contrary to law or regulation or would subject Technofunda Ventures Private Limited to any registration or licensing requirement. Recipients are responsible for observing any applicable restrictions.

Investments in securities markets are subject to market risks. Please read all related documents carefully before investing. SEBI registration and NISM certification do not guarantee the performance of the Research Analyst or assure returns to investors.

The information provided through the material prepared by company is obtained from publicly available data or other sources believed to be reliable. Technofunda Ventures Private Limited does not independently verify the accuracy or completeness of such data and does not warrant its accuracy or correctness. Updates to the information may occur without prior notice, but the Research Analyst and its employees are not obligated to ensure the information remains current.

While reasonable care has been taken in the preparation of material, it does not purport to be a complete description of the securities, markets or developments referred to therein, and Technofunda Ventures Pvt Ltd does not warrant its accuracy or completeness. Technofunda Ventures Pvt Ltd may not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in the material prepared by the company.

The content and data available in the material prepared by the company is solely for information of the recipient only. The material must not be used as a singular basis of any investment decision. The investment discussed or views expressed therein may not be suitable for all investors. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investors; readers are requested to take professional advice before investing. The user assumes the entire risk of any use made of Information present in the material prepared by the company. Nothing in the material should be construed as investment advice.

The report and information contained therein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent. The information/ material is subject to changes without prior notice.

Grievance redressal and dispute resolution: For any support-related grievances, including issues related to non-receipt of reports or deficiencies in service, clients must email their concerns to info@technofundaresearch.com. If unresolved, grievances must be escalated to the designated grievance officer. All grievances will be addressed within 7 (seven) business days or as per latest SEBI RA Regulations. For grievances and dispute resolution, please contact: (i) Compliance Officer: Vivek Mashrani (compliance.technofunda@gmail.com) (ii) Grievance Officer: Kumar Saurabh (support@technofundaresearch.com). For more details regarding grievance-related matters, please refer to the grievance redressal section of our website: https://technofundaresearch.com/grievance-redressal/

Technofunda Ventures Private Limited or its associates have not been debarred/ suspended by SEBI or any other regulatory authority for accessing /dealing in the securities Market.

Investments in securities are subject to market risks. Please read all documents carefully before investing.