DISCLOSURE

Bullish India Capital Private Limited is registered with SEBI with INH000010070 as the Corporate SEBI registration number. The registered office address of Bullish India Capital Private Limited is HNO. 1256, SEC-34 C, CHANDIGARH, CHANDIGARH, Chandigarh, Chandigarh, India, 160022. The CIN number of the company is U74140CH2021PTC043937.

The content and data available in the material prepared by the company and on the website of the company, including but not limited to index value, return numbers and rationale are for information and illustration purposes only. Charts and performance numbers do not include the impact of transaction fee and other related costs. Past performance does not guarantee future returns and performances of the portfolios are subject to market risk. Data used for calculation of historical returns and other information is provided by exchange approved third party vendors and has neither been audited nor validated by the Company. Detailed return calculation methodology is available here. Detailed volatility calculation methodology is available here.

Information present in the material prepared by the company and on the website of the company shall not be considered as a recommendation or solicitation of an investment. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investor should understand that his/her investment decision is based on personal investment needs and risk tolerance, and information present in the material prepared by the company and on the website of the company is one among many other things that should be considered while making an investment decision.

Investments in securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Bullish India Capital Pvt. Ltd.

Corporate SEBI Research Analyst No: INH000010070

Objective:

The Document's objective is to give basic and vital information about the Research Analyst Services to aid the prospective customer in making an educated decision about engaging stock market-related information and availing of its services.

Disclosure Document:

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

The Document's objective is to present crucial information about the Research and recommendation Services to support and enable the prospective client/client to make informed choices about engaging in Research and recommendation services before investing.

Bullish India Capital Pvt. Ltd. is the Research Analyst for this Disclosure Statement. (hereinafter referred to as "Research Entity")

Research and Recommendation Services Terms and Conditions:

The terms and conditions document provides a detailed description of the Research and Recommendation Services. Please see the same for further information.

Disciplinary record:

i. No penalties have been imposed by SEBI under the SEBI Act or its Rules against the Research entity, Research Analyst, or their affiliates.

ii. There are no current substantial litigation or legal procedures, results of inspections, or investigations for which any regulatory body has taken or commenced an action against the Research entity, Research Analyst, or their affiliates.

Disclosures concerning Research and Recommendations Services:

At the end of the month immediately preceding the date of publication of the research report or date of public appearance, the Research entity or Research Analyst or his associate or relative may have a financial interest or actual/beneficial ownership of one percent or more in the securities recommended in its portfolio. Information about this can be found in the disclosures given at the time of advice.

There are no actual or potential conflicts of interest arising from any connection of the Research entity or Research Analyst, or his associate or relative, to or association with any issuer of products/ securities, including any material information or facts that could compromise its objectivity or independence in carrying out Research Analyst services. Once they emerge, such conflicts of interest must be disclosed to the client.

No link or association of any kind exists between the research entity or research analyst, its associates or relatives, and any issuer of products/ securities indicated herein.

Throughout the last 12 months, no research entity or research analyst or its colleagues handled or co-managed the public offering of the Subject Company.

In the last 12 months, neither the research entity nor the research analyst or its associates got any pay from the subject company.

Research Analysts have not been involved in the subject company's market-making activities.

Research Analysts or their associates have never served as an officer, directors, or employees of the subject corporation.

Disclosure of the extent of use of AI tools in providing research services

I/We, Bullish India Capital Private Limited, hereby confirm that we do not use any AI tools for the delivery of our research services.

Disclosure Advice

· The research entity or research analyst, or any of its associates or relatives, has no relationship or affiliation with any of the issuers of the products/ securities suggested herein.

· Except for the one mentioned in this disclosure, the 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 conduct of research and recommendations services.

· Financial interest in the subject firm/company is held by a research entity or a research analyst or his associates or relatives.

· At the end of the month before the date, the research report published, the date of the public appearance, or the date of the research recommendation, the research analyst, the research entity, its associates, or relatives do not actually or beneficially own one percent or more of the subject company's securities.

· In the last 12 months, neither the research entity nor the research analyst or its associates got any compensation from the subject company.

· The research entity, research analyst, or associates have received no monetary reward or consideration for the products/ securities advised in this document.

· In the last 12 months, the research entity or research analyst or its colleagues received no compensation from the subject company for investment banking, merchant banking, or brokerage services.

· In the last 12 months, no research entity or research analyst or its colleagues handled or co-managed the public offering of Subject Company.

· In the last twelve months, the research entity or research analyst or associates received any kind of compensation from the subject company for products or services other than investment banking, merchant banking, or brokerage services.

· In connection with the research report or research recommendations, the research entity or research analyst or its colleagues received no remuneration or other advantages from the subject company or third party.

· During the twelve months before the date of distribution of the research report and recommendation services offered, the subject company is or was not a client of the Research entity, Research analyst, or its associates.

· In the last 12 months, neither the research entity nor the research analyst or its colleagues received any remuneration for products or services from the subject company.

· Research Analysts have not been involved in the subject company's market-making activities.

· Research Analysts or their associates never served as an officer, director, or employee of the subject company.

Sanchi Arora

Bullish India Capital Private Limited

Ms. Sanchi Arora

For,

Bullish India Capital Pvt. Ltd.

SEBI Registered Research Analyst

Corporate Registration No. INH000010070

Contact Details:

Support Telephone: +91-9988137985

Support Email: info@bullishindia.com

Compliance Office Details:

Name: Sanchi Arora

Email: info@bullishindia.com

Contact: +91-9988137985

Grievance Office Details:

Name: Sanchi Arora

Email: info@bullishindia.com

Contact: +91-9988137985