Disclaimer

1. Document Purpose

The purpose of this document is to provide essential information about the Research Services in a manner to assist and enable the prospective client/client in making an informed decision for engaging in Research services before onboarding.

2. SEBI RA Verified

BIK Capital's research is produced by our Head of Research and independently verified by a SEBI Registered Research Analyst. This ensures full compliance with all regulatory requirements under the SEBI (Research Analysts) Regulations, 2014.

3. Terms and Conditions of Research Services

The Research Services will be limited to providing independent research recommendation and shall not be involved in any advisory or portfolio allocation services.

The Research Analyst never guarantees the returns on the recommendation provided. Investor shall take note that Investment/trading in stocks/Index or other securities is always subject to market risk. Past performance is never a guarantee of same future results.

The Research Analyst shall not be responsible for any loss to the Investors.

4. Disciplinary History

There are no pending material litigations or legal proceedings against the Research Analyst.

As on date, no penalties / directions have been issued by SEBI under the SEBI Act or Regulations made there under against the Research Analyst relating to Research Analyst services.

5. Details of Its Associates

No associates.

6. Disclosures with Respect to Research and Recommendations Services

The Research Analyst or any of its officer/employee does not trade in securities which are subject matter of recommendation.

There are 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 Research Analyst services. Such conflict of interest shall be disclosed to the client as and when they arise.

• Research Analyst or its employee or its associates have not received any compensation from the company which is subject matter of recommendation.
• Research Analyst or its employee or its associates have not managed or co-managed the public offering of any company.
• Research Analyst or its employee or its associates have not received any compensation for investment banking or merchant banking of brokerage services from the subject company.
• Research Analyst or its employee or its associates have not received any compensation for products or services other than above from the subject company.
• Research Analyst or its employee or its associates have not received any compensation or other benefits from the Subject Company or 3rd party in connection with the research report/ recommendation.
• The subject company was not a client of Research Analyst or its employee or its associates during twelve months preceding the date of recommendation services provided.
• Research Analysts or its employee or its associates has not served as an officer, director or employee of the subject company.
• Research Analysts has not been engaged in market making activity of the subject company.

7. Standard Warning

"Investment in securities market are subject to market risks. Read all the related documents carefully before investing."

8. Key Disclaimers

"Registration granted by SEBI, and certification from NISM in no way guarantee performance of the Research Analyst or provide any assurance of returns to investors."

Please read the following very carefully:

• Investments in securities market are subject to market risks. Read all the related documents carefully before investing.
• Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
• We do not provide any guaranteed profit or fixed returns or any other services.
• We charge fixed fees and do not operate on any profit sharing model.
• Images shared are for illustration purposes only.
• We are not responsible for any financial loss or any other loss incurred by the client.
• Please be fully informed about the risk and costs involved in trading and investing. Please consult your investment advisor before trading. Trade only as per your risk appetite and risk profile.
• We advise the viewers to apply own discretion while referring testimonials shared by the client. Past performances and results are no guarantee of future performance.

9. Confidentiality and Research Recommendations

All recommendations shared are confidential and for the reference of paid members only. Any unapproved distribution of sensitive data will be considered as a breach of confidentiality and appropriate legal action shall be initiated.

The recommendations must not be used as a singular basis of any investment decision. The views do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing and trading. Our recommendations should not be construed as investment advice.

10. Technical and Derivative Analysis

Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals.

11. Research Analyst Financial Interests

• The research analyst or research entity or his associate or his relative do not have financial interest in the subject company.
• The research analyst or its associates or relatives, do not 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.
• The research analyst or his associate or his relative do not have any other material conflict of interest at the time of publication of the research report or at the time of public appearance.

12. Compensation and Benefits Disclosure

• The research analyst or its associates have not received any compensation from the subject company in the past twelve months.
• The research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months.
• The research analyst or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
• The 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.
• The 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.
• The research analyst has not been engaged in market making activity for the subject company.
• The research analyst has not served as an officer, director or employee of the subject company.
• The research analyst did not receive any compensation or other benefits from the companies mentioned in the documents or third party in connection with preparation of the research documents.

13. Contact Us

In case of any query, please email on bikcapitalad@gmail.com. Be rest assured, our team will get back to you and resolve your query. Please state your registered phone number while mailing us.