Disclosure

The purpose of the document is to provide essential information about the Research Services in a manner to assists and enables the prospective client/client to make an informed decision for engaging in Research services before onboarding.

History, Present Business, and Background
Latesh Narula is registered with SEBI as a Research Analyst with registration no. INH000016269. The Research Analyst is engaged in offering research and recommendation services.

Terms and Conditions of Research Services
The Research Services will be limited to providing independent research recommendations and shall not be involved in any advisory or portfolio allocation services.
The Research Analyst never guarantees the returns on the recommendation provided. Investor shall take note that Investment/trading in stocks/Index or other securities is always subject to market risk. Past performance is never a guarantee of the same future results.
The Research Analyst shall not be responsible for any loss to the Investors.

Disciplinary history
There are no pending material litigation or legal proceedings against the Research Analyst.
As of date, no penalties/directions have been issued by SEBI under the SEBI Act or Regulations made there against the Research Analyst relating to Research Analyst services.

Disclosures with respect to Research and Recommendations Services
• The Research Analyst or any of its officers/employees does not trade in securities that are the subject matter of recommendation.
• There are 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 Research Analyst services. Such conflicts of interest shall be disclosed to the client as and when they arise.
• Research Analyst or its employees or its associates have not received any compensation from the company which is subject matter of recommendation.
• Research Analyst or its employee or its associates have not managed or co-managed the public offering of any company.
• Research Analyst or its employee or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company.
• Research Analyst or its employee or its associates have not received any compensation for products or services other than above from the subject company.
• Research Analyst or its employee or its associates have not received any compensation or other benefits from the Subject Company or 3rd party in connection with the research report/ recommendation.
• The subject company was not a client of the Research Analyst or its employee or its associates during the twelve months preceding the date of recommendation services provided.
• Research Analysts its employees or its associates have not served as an officer, directors, or employees of the subject company.
• Research Analysts have not been engaged in the market-making activity of the subject company.

Standard Warning
“Investment in securities market are subject to market risks. Read all the related documents carefully before investing.”

Disclaimer
Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the Research Analyst or provide any assurance of returns to investors.