Research Analyst have no material adverse disciplinary history as on the date of publication of this report.

Research Analyst has no associates.

Research Analysts or its employee or its associates may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report.

Research Analysts or its employee or its associates does not have any financial interest in the subject company.

Research Analysts or its employee or its associates have 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 in the carrying on of recommendation services at the time of publication of the research report.

Research Analysts or its employee or its associates have not received any kind of remuneration or consideration or compensation from the subject company or from anyone in connection with the research report in the past twelve months.

The subject company was not a client of Research Analyst during twelve months preceding the date of distribution of the research report.

Research Analysts or its employee or its associates have not served as an officer, director or employee of the subject company.

Research Analysts or its employee or its associates have not been engaged in market making activity of the subject company.