Devendra Nilkanth Khune ('the Research Analyst') is in the process of obtaining registration with SEBI as a Research Analyst. Upon approval, the registration details will be updated accordingly. All activities undertaken are aligned with applicable regulatory guidelines to ensure transparency and compliance.

If, at the time of issuance of any content or analysis, there are any actual holdings or financial interests in the securities being discussed, the same shall be appropriately considered and disclosed wherever required under applicable regulations. Any views shared are based on independent analysis and are not influenced by personal holdings.

Any income earned is derived solely from fees charged for providing informational and research-based content to users. No compensation or consideration is received from companies whose securities may be discussed.

No income is earned from the sale, promotion, or distribution of any third-party financial products.

Internal Policy for Conflict of Interest

1. The Research Analyst follows principles aligned with SEBI guidelines for identifying, avoiding, managing, and disclosing conflicts of interest.
2. The Research Analyst shall:
   • Maintain internal practices to identify, avoid, or manage actual or potential conflicts of interest;
   • Maintain high standards of integrity in all activities;
   • Ensure fair and equal treatment of all users;
   • Ensure that personal interests do not conflict with responsibilities, and user interests remain a priority;
   • Disclose any potential conflict of interest, wherever applicable;
   • Avoid trading practices that may create conflict situations;
   • Not engage in any activity involving unpublished price-sensitive information;
   • Not communicate or misuse confidential or sensitive information;
   • Avoid any activity that may manipulate market conditions;
   • Ensure no incentive structure promotes biased or misleading information;
   • Maintain confidentiality of user information at all times;
3. Appropriate systems and controls are maintained to ensure effective implementation of these principles, and practices are reviewed periodically for ongoing compliance.