Disclosure and Disclaimer

PhonePe Wealth Broking Private Limited (“PPWB”) is registered with the Securities and Exchange Board of India (“SEBI”) as a Research Analyst under SEBI (Research Analysts) Regulations, 2014 (“RA regulations”) vide registration no. INH000013387, under which it offers research services to its clients as well as to prospective clients.

PPWB is also registered as a stockbroker with SEBI with registration number INZ000302639 for providing stock broking services through BSE & NSE and registered as a depository participant with CDSL with SEBI registration number IN-DP-696-2022. It also has registration with AMFI as a Mutual Fund Distributor.

This document is solely for the personal information of the recipient and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved) and should consult their own advisors to determine the merits and risks of such an investment.

PPWB or its associates or research analyst or his relative may have actual/beneficial ownership of 1% or more in the securities of the subject company at the end of the month immediately preceding the date of publication of the research report.

Neither PPWB or its associates nor Research Analysts or his relative has any material conflict of interest at the time of publication of the research report.

PPWB or its associates have not received any compensation from the companies mentioned in the report or any third party during the period preceding twelve months from the date of this report for services in respect of managing or co-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction in the normal course of business.

Neither PPWB nor its research analyst entity has been engaged in market making activity for the companies mentioned in the report.

PPWB or its associates or Research Analyst or his relative might have a financial interest in the subject company. The research analyst has not served as an officer, director, or employee of the subject company.

Investments in securities market are subject to market risk, read all the related documents carefully before investing.Past performance does not guarantee future returns and performances of the WealthBaskets are subject to market risk.

The information in this document has been printed based on publicly available information, internal data, and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only.

PPWB or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report.
This document is for your information purpose only and should not be reproduced/redistributed, directly or indirectly.

No material disciplinary action has been taken on PPWB or any of its affiliates/ group companies by any regulatory authority impacting Research Analysis.

Registration granted by SEBI, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.The opinions expressed in the Report are our current opinions as of the date of the Report and may be subject to change from time to time without notice.

Name of the RA as registered with SEBI PhonePe Wealth Broking Private Limited
Registration number INH000013387
CINU65990KA2021PTC146954
Registered Office and telephone numberOffice - 2, 80/1, 81/1 and 81/2, Floor 3,4,5,6 and 7, Wing A, Block A, Salarpuria Softzone Service road,Green Glen Layout, Bellandur Bengaluru South, Bengaluru, Karnataka, Karnataka - 560103, India 080-68727687
Name, telephone no, and email ID of the compliance officerPurnima Singh
Tel:080-68727689
[email protected]
Name, telephone no, and email ID of the Grievance officerAjay Nair
Tel : 080-68727688
[email protected]
Websitehttps://www.share.market/
For grievances/complaints[email protected]
Name of the Research Analyst

Sujit Modi