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“ RR Equity Brokers (P) Ltd. “(RREB)” is a subsidiary of RR Financial Consultants Ltd.(RRFCL) . “RREB” is engaged mainly in Stock Brokering , Depository services and allied services duly registered with SEBI & CDSL ,having SEBI registration no INZ000270435 and CDSL Registration No. IN-DP239-2016 ., the website www.rrstock.in is being maintained by the “RREB”.

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Hereinafter, the term “RR Group” is being used for in respect of , either for “RRFCL” or any of its subsidiaries , associate companies , group companies, and affiliates.

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The information contained on the abovementioned websites 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 of“RR Group “ . The information ,facts, figures or contents contained herein may also be obtained from public sources/domain and believed to be reliable, however independent verification has not been made , to check its accuracy or completeness as guaranteed.

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The contents and the information herein is solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial and insurance products and instruments. Nothing in this report constitutes investment, legal, accounting and/or tax advice or a representation that any investment or strategy is suitable or appropriate to recipients specific circumstances.

About any report so prepared by “RR Group”. “RR Group” takes utmost care to ensure accuracy and objectivity while developing the report based on information available in public domain. However, neither the accuracy nor completeness of information contained in this report is guaranteed. “RR Group” does not held responsible for any errors or omissions in analysis / inferences / views or for results obtained from the use of information contained in this report and especially states that “RR Group” has no financial liability whatsoever to the user of any such report.

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It is advisable for user to visit the sites of SEBI, IRDA, AMFI or respective Mutual Fund Companies, Insurance Companies, Rating Agencies, Stock Exchanges etc. to know about any concerned rules /regulations/circulars.

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“RR Group” does not give guarantee or liable to the user for any loss or damage whatsoever or howsoever caused or arising, directly or indirectly, including without limitation, as a result of loss of data; interruption or stoppage to the Customer’s access to and/or use of the Website and services and the Payment Mechanism; interruption or stoppage of RR Sites; non-availability of connectivity between the Website and RR Sites, the facility providers facilities and the acquiring bank’s payment mechanism will be provided uninterrupted or free from errors or it is free from any virus or other malicious, destructive or corrupting code, program or macro.

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“RR Group” is not responsible for the content of any of the linked sites. By providing access to other web-sites, “RR Group” is neither recommending nor endorsing the content available in the linked websites.

We hereby declare that in RR Equity Brokers (P) Ltd.(RREB) stock brokering and CDSL activities were neither suspended nor “RREB” has defaulted with any stock exchange authority/CDSL with whom “RREB” is registered, in last five years.

However SEBI, Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise/warning/deficiency letters/ or levied minor penalty on RR Equity Brokers (P) Ltd. for certain operational deviations. “RREB”has not been debarred from doing business by any Stock Exchange / SEBI or any other authorities ;nor its certificate of registration been cancelled by SEBI at any point of time.

The SEBI/Stock Exchanges/RBI/IRDA/AMFI/ CDSL are not in any manner answerable, responsible or liable to any person or persons for any act of omission or commission, errors, mistakes and/or violation, actual or perceived, by “RR Group “ or any of our director or employee , agents, associates etc., of any of the rules, regulations, bye-laws of the Stock Exchanges, SEBI Act or under any other laws in force from time to time. The abovementioned authorities in this para are not answerable, responsible or liable for any information on these Website or for any services rendered by “RR Group” or its’ employees, associates etc.

Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014

“RR Group” does/does not do business with companies covered in its research reports. Investors should be aware that the “RR Group” may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision. Our Research Analysts, as employed by “RR Group” are qualified as research analysts.

Other Disclosures:

All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person. Ownership and material conflicts of interest Disclosure

“RR Group” policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst as officer or director:

“RR Group” policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company in the analyst’s area of coverage.

Country Specific Disclosures India – For private circulation only, not for sale.

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