Disclosures of all material information: Lalit Kumar Gupta: INH000017037
Business Activity:
Lalit Kumar Gupta: INH000017037” is engaged in the of Research Analyst activities by
providing Buy/Sell/Hold calls or other ratings defined to their clients.
Lalit Kumar Gupta” is registered as a Research Analyst under SEBI (Research
Analyst) Regulations, 2014. SEBI Reg. No
: INH000017037
Disciplinary History:
There has been no instance of any Disciplinary action, penalty, etc. levied/passed by any regulation/
administrative agencies against
Lalit Kumar Gupta INH000017037
and its Partners.
Terms & Conditions of issuance of Research Report issued by
Lalit Kumar Gupta:INH000017037:
The Research report is issued to the registered clients. The Research Report or Research
recommendations is based on facts, figures, and information that are considered true, correct, and
reliable. The information contained herein is from publicly available data or other sources believed
to be reliable.
We have also reviewed the research report or Research recommendations for any untrue
statements of material facts or any false or misleading information.
The report or recommendations are prepared solely for informational purposes and do not constitute
an offer document or solicitation to buy  sell  hold or subscribe for securities or other financial
instruments for clients.
RISK Disclosures:
Lalit Kumar Gupta: INH000017037, its partners, employees, officers, and its
affiliates are not responsible for any loss or damage that may arise to any person for any nonchalant
error in the information represented in the research report or research recommendations.
Investors may lose his/her entire amount or Investments or portfolio under certain market conditions
so acting on any advice or recommendations from research reports, Investors should understand
their risk appetite or consult their financial advisers.
The research report or Research recommendations do not take into account any specific investment
objective, goal, or financial situation or any specific needs and objectives of any specific individual.
The client obtaining the research report or Research recommendations should act according to his/
her own risk appetite and financial position and should also understand the risk involved in capital
markets while making investments.

Disclosures about ownership and material conflicts of interest:
Lalit Kumar Gupta: INH000017037or its research analysts or his/her relative or
associate doesn’t have any direct or indirect financial interest in the subject company
Lalit Kumar Gupta: INH000017037 or its research analysts, or his/her relative or
associate doesn’t have any other material conflict of interest at the time of publication of the research
report.
Lalit Kumar GuptaINH000017037 or its research analysts, or his/her relative or
associates don’t have actual ownership of 1% or more securities of the subject company
Disclosures about ownership and material conflicts of interest:
Lalit Kumar Gupta: INH000017037or its associates have received any
compensation from the subject company in the past twelve months: NO
Lalit Kumar Gupta: INH000017037 or its associates have managed or co-managed
public offering of securities for the subject in the past twelve months: NO
Lalit Kumar Gupta: INH000017037or its associates have received any
compensation for investment banking merchant banking or brokerage services from the subject
company in the past twelve months: NO
Lalit Kumar Gupta: INH000017037 or its associates have received any
compensation for products or services other than investment banking  merchant banking or
brokerage services from the subject company in the past twelve months: NO
Lalit Kumar Gupta:  INH000017037or its associates have received any
compensation or other benefits from the subject company or third party in connection with the
research report: NO
Don’t copy this – Disclosure Meaning: A disclosure is the revealing of the information.