Disclosures & Disclaimers

The following Disclosures are being made in compliance with the SEBI Research Analyst
Regulations 2014 (hereinafter referred to as the Regulations)

Chandni Kapoor Proprietor of Commodity Samachar (“Research Analyst”) is registered with SEBI as Research Analyst with Registration No. INH000009108. The research analyst got its SEBI registration on February 04- 2022 and is engaged in research and recommendation Services. The focus of a Research Analyst is to provide research and recommendation services to the clients. Analyst aligns its interests with those of the client and seeks to provide the best-suited services.

1. Research Analyst has no material adverse disciplinary history as on the date of publication
   of their report.
2. Research Analyst has no associates.
3. Research Analyst or her relative or associate does not have any financial interest in the subject company.
4. Research Analyst or her relative or associate may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report.
5. Research Analyst or her relative or associate does not have any financial interest in the subject company. Also, Research Analyst or her relative or associates may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report.
6. Research Analyst or her associate or relative have 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 recommendation services at the time of publication of the research report.
7. Research Analyst or her associate have not received any kind of remuneration or consideration or compensation form the subject company or from anyone in connection with the research report in the past twelve months.
8. The subject company was not a client of the Research Analyst during twelve months preceding the date of distribution of the research report.
9. Research Analysts or its employee or its associates has not served as an officer, director, or employee of the subject company.
10. Research Analysts has not been engaged in market-making activity of the subject company.

Disclaimer:

The report has been prepared by Research Analyst and is solely for the information of the recipient only. The report must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in the document should be construed as investment advice.

Each recipient of their document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in securities of the companies referred to in the document (including merits and risks) and should consult their own advisors to determine merits and risks of such investment.

The information and opinions contained herein have been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. Such information has not been independently verified and guarantee, representation of warranty, express or implied, is made as to its accuracy, completeness, or correctness. All such information and opinions are subject to change without notice. Descriptions of any company or companies or their securities mentioned herein are not intended to be complete. The research Analyst is not obliged to update their report for such changes. The research Analyst has the right to make changes and modifications at any time.

Their report is not directed to, or intended for display, downloading, printing, reproducing, or for distribution to or use by, any person or entity who is a citizen or resident or located in any locality, state, country, or other jurisdiction where such distribution, publication, reproduction, availability or use would be contrary to law or regulation or what would subject Research Analyst or its affiliates to any registration or licensing requirement within such jurisdiction. If the report is inadvertently sent or has reached any person in such country, especially, the United States of America, the same should be ignored and brought to the attention of the sender. The document may not be reproduced, distributed, or published in whole or in part, directly or indirectly, for any purposes or in any manner.

It should not be considered to be taken as an offer to sell or a solicitation to buy any security. Their document is not, and should not, be construed as an offer or solicitation of an offer, to buy or sell any securities or other financial instruments. The report should not be construed as an invitation or solicitation to do business with Research Analyst.

Research Analysts do not take any responsibility, financial or otherwise, for the losses or the damages sustained due to the investments made or any action taken on basis of their report.