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

“RR Group” may/may 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.
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Other Disclosures:

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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.

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