Service Disclosure

Solvitas Analytics Private Limited
SEBI Registered Research Analyst — Registration No: INH000023931

The following Service Disclosures are made in accordance with SEBI (Research Analyst) Regulations, 2014. These disclosures ensure complete transparency, independence, and objectivity in our research services.

• Research Entity, Research Analyst, associates, or relatives do not have any financial interest in the subject company.
• Research Analyst, entity, or associates do not hold 1% or more beneficial ownership in the subject company as of the month preceding the research report.
• Research Entity or its associates have no connection or association with the issuer of securities recommended.
• Research Analyst and related parties have no conflict of interest arising from any relationship with the subject company.
• No remuneration or consideration has been received from the subject company for the research services provided.
• The Research Entity or its associates have not received compensation from the subject company during the previous 12 months.
• Research Entity or its associates have not managed or co-managed any public offering of the subject company in the last 12 months.
• No compensation has been received for:
  • Investment Banking
  • Merchant Banking
  • Brokerage Services
• No compensation has been received for products or services from the subject company in the last 12 months.
• No compensation or benefits have been received from any third party in connection with research recommendations.
• The subject company is not and was not a client of the Research Entity during the preceding 12 months.
• Research Analysts or associates have not served as officers, directors, or employees of the subject company.
• Research Analysts have not engaged in market-making activities for the subject company.

These disclosures help ensure independence, transparency, and objectivity in all research-related activities. For further clarification, investors may contact our compliance team.