Disclosures under RA Regulations

Ramesh Nair RA, a SEBI registered Research Analyst hereby makes following disclosures:

1. I don’t have any financial interest in the companies on which I am offering recommendations.

2. I don’t have any actual/beneficial ownership of one per cent or more in the companies on which I am offering recommendations.

3. I don’t have any material conflict of interest in the companies on which I am offering recommendations

4. I have not received any compensation from the companies on which I am offering recommendations.

5. I have not managed public offering of the companies on which I am offering recommendations.

6. I have not received any compensation in any manner from any entity except my clients to whom I offer my services.

7. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.