Research Disclaimer and Disclosure inter-alia as required
under Securities and Exchange Board of India (Research Analysts) Regulations, 2014
R K Global (“RKG”) (“Research Entity”) is into the business of Stock Broking, Depository
Participant, Mutual Fund Distributor.
Disclaimer: This report/analysis / call / score card (by whatever name called) (hereinafter
collectively "Research") has been prepared/ made pursuant to Research made by the
Research Analysts is neither a solicitation nor a recommendation to buy/sell any
security (as defined under section 2(h) of Securities Contracts (Regulation) Act,
1956). It does not take into account the particular investment objectives, financial
situations, or needs of individual recipients and other issues (prohibitions to
investments due to law / jurisdiction issues etc.) which may exist for certain persons.
Recipients should rely on their own investigations and take their own professional
advice before investment. RKG and its associates, subsidiaries and associated companies,
their directors and employees and/or its associates (hereinafter referred as R K
Global) will not treat recipients as customers/ clients by virtue of their receiving
this report. This Research may have been prepared/ made based on the analysis of
data available publicly and/or other sources believed to be reliable. R K Global,
does not, accepts any liability arising from the use of this information.
The user assumes the entire risk of any use made of this report/ analysis/ call.
Price and value of the securities referred to in this Research call may go up or
down. Past performance is not a guide for future performance. Research based on
technical analysis centers on studying charts of price movement and trading volume,
as opposed to focusing on fundamentals and as such, may not match with Research
based on fundamentals.
Opinions expressed are our current opinions as of the date appearing on this Research
only. We do not undertake to advise you as to any change of our views expressed
in this Research. Research reports / recommendations may differ between RKG’s RAs
and/or RKG’s associate companies on account of differences in research methodology,
personal judgment and difference in time horizons for which recommendations are
made. User should keep this risk in mind and not hold RKG , its employees and associates
responsible for any losses, damages of any type what so ever. or RKG and its associates
or employees may: (a) from time to time, have long or short positions in, and buy
or sell the investments in / securities of company (ies) mentioned herein or (b)
be engaged in any other transaction involving such investments / securities and
earn brokerage or other compensation or act as a market maker in the financial instruments
of the company (ies) discussed herein or act as advisor or lender / borrower to
such company (ies) these and other activities of RKG and its associates or employees
may be construed as potential conflict of interest with respect to any recommendation
and related information and opinions. Without limiting any of the foregoing, in
no event shall RKG and its associates or employees or any third party involved in,
or related to, computing or compiling the information have any liability for any
damages of any kind.
List of Associates as per SEBI (Research Analysts) Regulations, 2014
Statements on ownership and material conflicts of interest,
compensation - RKG and Associates
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S. No.
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Statement
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Answers to the best of RKG’s knowledge and belief to questions/ statements for RKG
and associates are No/ Nil except for the companies listed against specific question/
statement below
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A
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RKG or any of its associates has any financial interest in the subject company?
Nature of Interest (if applicable), is given against the company’s name .
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B
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RKG or any of its associates, 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 or date of the public appearance
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C
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RKG or any of its associates, has any other material conflict of interest at the
time of publication of the research report or at the time of public appearance?
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D
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RKG or any of its associates has received any compensation from the subject company
in the past twelve months?
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E
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RKG or any of its associates has managed or co-managed public offering of securities
for the subject company in the past twelve months?
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F
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RKG or any of its associates has received any compensation for brokerage services
from the subject company in the past twelve months?
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G
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RKG or any of its associates has received any compensation for products or services
other than brokerage services from the subject company in the past twelve months?
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H
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RKG or any of its associates has received any compensation or other benefits from
the subject company or third party in connection with the research report?
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I
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RKG has been engaged in market making activity for the subject company?
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For statements on ownership and material conflicts of interest
, compensation for individual Research Analyst(s) (RA), please refer to each specific
research report.
Specific analyst(s) specific disclosure(s) inter-alia as required under Securities
and Exchange Board of India (Research Analysts) Regulations, 2014 is/are as under
:
A. Statements on ownership and material conflicts of interest , compensation– Research
Analyst (RA) [Please note that only in case of multiple RAs, if in the event answers
differ inter-se between the RAs, then RA specific answer with respect to questions
under F (a) to F(j) below , are given separately]
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S. No.
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Statement
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Answer (Tick appropriate)
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A
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I/we or any of my/our relative has any financial interest in the subject company?
[If answer is yes, nature of Interest is given below this table]
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-
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No
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B
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I/we or any of my/our relatives, 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 or date of the public appearance?
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-
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No
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C
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I / we or any of my/our relative, has any other material conflict of interest at
the time of publication of the research report or at the time of public appearance?
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-
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No
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D
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I/we have received any compensation from the subject company in the past twelve
months?
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-
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No
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E
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I/we have managed or co-managed public offering of securities for the subject company
in the past twelve months?
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-
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No
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F
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I/we have received any compensation for brokerage services from the subject company
in the past twelve months?
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-
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No
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G
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I/we have received any compensation for products or services other than brokerage
services from the subject company in the past twelve months?
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-
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No
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H
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I/we have received any compensation or other benefits from the subject company or
third party in connection with the research report?
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-
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No
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I
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I/we have served as an officer, director or employee of the subject company?
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-
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No
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J
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I/we have been engaged in market making activity for the subject company?
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-
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No
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Nature of Interest ( if answer to F (a) above is Yes : - …………………………………………………………………………………………………………………………………………………………
Name(s) with Signature(s) of RA(s). [Please note that only in case of multiple RAs
and if the answers differ inter-se between the RAs, then RA specific answer with
respect to questions under F (a) to F(j) above , are given below]
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S. No.
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Name(s) of RA.
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Signature(s) of RA.
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Serial Question of question which the signing RA needs to make a separate declaration
/ answer
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Yes
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No
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-
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-
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-
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-
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-
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-
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