Disclaimer & Disclosure

Apex Research Financial Services is registered with SEBI with Registration No. INH000019114. The Analyst is engaged in research and recommendation services. The focus of the Research Analyst is to provide research and recommendations to clients. Apex Research aligns its interests with those of the client and seeks to provide well-researched services.

Terms and conditions of Research and Recommendation Services are detailed in the Terms & Conditions document. Please refer to the same for details prior to engaging our services.

There are no pending material litigations or legal proceedings, findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against Apex Research Financial Services or its associates or relatives.

No Associates.

The following disclosures are made in compliance with SEBI (Research Analyst) Regulations, 2014, to ensure full transparency and independence in our research and recommendation services:

• Research Analyst or his associate or relative may have financial interest or actual/beneficial ownership of one per cent or more in the securities recommended in its personal portfolio at the end of the month immediately preceding the date of publication of the research report. Details are disclosed at the time of recommendation.
• There are no actual or potential conflicts of interest arising from any connection of Research Analyst or his associates or relatives to any issuer of products/securities. Such conflicts of interest, if any arise, shall be disclosed to the client immediately.
• Research Analyst or its associates or relatives may have actual/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. Details are disclosed at the time of recommendation.
• Research Analyst or its associates or relatives has no connection or association of any sort with any issuer of products/securities recommended herein.
• Research Analyst or his associate or relative has no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/securities, including any material information or facts that might compromise its objectivity or independence.
• Research Analyst or its associates has not received any kind of remuneration or consideration from the products/securities recommended herein.
• Research Analyst or its associates have not received any compensation from the subject company in the past 12 months.
• Research Analyst or its associates have not managed or co-managed the public offering of the Subject Company in the past 12 months.
• Research Analyst or its associates have not received any compensation for investment banking, merchant banking, or brokerage services from the subject company in the past 12 months.
• Research Analyst or its 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.
• Research Analyst or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report or research recommendations.
• Research Analyst or its associates have not received any compensation for products or services from the subject company in the past 12 months.
• The subject company is or was not a client of Research Analyst or its associates during the twelve months preceding the date of distribution of the research report and recommendation services provided.
• Research Analyst or its associates has not served as an officer, director, or employee of the subject company.
• Research Analyst has not been engaged in market making activity of the subject company.