Disclosure

Altrix Research is a SEBI Registered Research Analyst bearing registration number INH000012345, with validity from the date of original registration and subject to the SEBI (Research Analysts) Regulations, 2014. Registration does not guarantee performance or assure returns.

The firm and its research analysts do not hold any positions in the securities recommended to clients as on the date of publication of each research report, other than those specifically disclosed within that report. Where a conflict of interest exists, it is disclosed prominently at the top of the affected note.

Altrix Research and its analysts do not receive any compensation from the companies covered in its research. Compensation to the firm is derived solely from client subscription fees for research services, which creates no incentive to favour any covered security.

The firm is not engaged in any other business that could present a conflict with its research activities. No part of client fees is rebated to any third party for referrals in cash or kind.

All research fees are paid strictly towards research subscriptions. No fees are collected for any other purpose, and no fee is contingent on the performance of any recommendation.