We the directors, on behalf of Rabbit RA Private Limited disclose with regard to ownership and material conflicts of interest.

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• Rabbit RA has not provided any promise or assurance of favourable review in its research report to a company or industry or sector or group of companies or business group as consideration to commence or influence a business relationship or for the receipt of compensation or other benefits.

• Rabbit RA or our associate or our relative does not have any financial interest in the subject company.

•  Rabbit RA or our associate or our relative may have beneficial ownership of one per cent. or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report.

• Rabbit RA or its associate or our relative, does not have any material conflict of interest at the time of publication of the research report.

• Rabbit RA or its associate or our relative has not served as an officer, director or employee of the subject company.

• Our report/recommendations must not be considered as Unpublished Price Sensitive Information or any sort of non - public information or any tips for investments in the securities.

 

Disclosures by directors regarding compensations on behalf of Rabbit RA Private Limited :

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• Our Directors/Principle officer or our associates have not received any compensation from the subject company in the past twelve months;

• Our Directors/Principle officer  or our associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;

• Our Directors/Principle officer  or our associates have  not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;

• Our Directors/Principle officer  or our associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months;

• Our Directors/Principle officer or our associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.

 

Other Disclosure

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• Rabbit RA has not served as an officer, director or employee of the subject company;

• Rabbit RA has not been engaged in market making activity for the subject company.