Ketan Sonalkar Sagar Wadhwa

Principal Officer Compliance and Grievance Officer

Uniapps Global Research Private Limited “Uniapps” Registered/ Corporate Office; 10, First Floor, Poorvi
SEBI Registration Number (Investment Adviser “IA”):- Marg, DLF Phase 2, Sector 25, Gurugram, Haryana
INA000017639, 122002, Ph;- +91, 9319284963, email
Type of Registration ; Non Individual grievance@univest.in
Validity of Registration; perpetual unless suspended
CIN; U72900HR2022PTC105397
Registered/Corporate Office; 10, First Floor, Poorvi Marg,
DLF Phase 2, Sector 25, Gurugram, Haryana 122002, Ph
+919833384026, Email: ketan@uniapps.club

Standard Disclaimers
1. “Investment in the securities market is subject to market risks. Read all the related documents carefully before
investing.”

2. The securities quoted (if any) are for illustration only and are not recommendatory"

3. “Registration granted by Securities and Exchange Board of India “SEBI”, membership of a SEBI recognized
supervisory body i.e. BSE Administration and Supervision Limited “BASL” and certification from national
institute of securities market “NISM” in no way guarantee performance of the intermediary or provide any
assurance of returns to investors.”

Rationale Report/ Report Disclosure:-

1. About the Entity: Uniapps Global Research Private Limited is a private limited company registered under the
provision of Companies Act, 2013 and registered as an investment adviser with SEBI vide registration number
INA000017639.
2. Business Activity of Research Entity: The Company is acting as an Investment adviser.
3. Disciplinary History: No disciplinary history
4. Terms and conditions on which it offers report: in accordance with the provisions as stipulated under SEBI
IA Regulations and Regulation 3 of SEBI RA Regulations and disclosures as available at www.univest.in
and/or univest mobile application.
5. details of associates: available at www.univest.in and/or univest mobile application.
6. other information as is necessary to take an investment decision; available at www.univest.in and/or univest
mobile application.
7. Disclosure w.r.t ownership and material conflicts of interest;
a) whether the entity or principal officer or his associate or his relative has any financial interest in the subject
company and the nature of such financial interest :- No
b) whether the entity or principal officer or its associates or 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 report or date of the public appearance :- No
c) whether the entity or principal officer or his associate or his relative, has any other material conflict of
interest at the time of publication of the report or at the time of public appearance :- No

8. Disclosure w.r.t receipt of compensation

(a) whether it or its associates have received any compensation from the subject company in the past twelve
months: No
(b) whether it or its associates have managed or co-managed public offering of securities for the subject
company in the past twelve months: No
(c) whether it or its associates have received any compensation for investment banking or merchant banking or
brokerage services from the subject company in the past twelve months: No
(d) whether it or its associates have 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:
No
(e) whether it or its associates have received any compensation or other benefits from the subject company or
third party in connection with the report : No

9. whether the subject company is or was a client during twelve months preceding the date of distribution of the
research report and the types of services provided: No

10. whether the entity has served as an officer, director or employee of the subject company: No

11. whether the entity has been engaged in market making activity for the subject company: No
12. The entity and specified person(s), involved in research, stock recommendation and specified services have no
direct or indirect interest including its long or short position in the said security while offering such
recommendation/service. The said persons have reasonable grounds based on a rationale report to believe
that the recommendation is suitable subject to the market scenario/risk appetite.

13. The entity and/or its associates do not have any material conflict of interest at the time of publication of the
report which may compromise the objectivity or independence of the report/entity.

14. The entity does not receive any remuneration or compensation in any form from any other person with
respect to the recommendation given except from the clients for whom it is intended.

15. Investors are not being offered any guaranteed or assured returns; neither the principal nor appreciation on
the investments. The performance data quoted represents past/review performance and does not guarantee
future results.

16. The views expressed are solely based on analysis of information available publicly and believed to be true
based on reliable information. Performance numbers do not include the impact of transaction fee and other
related costs. Past performance does not guarantee future returns. Use of the information herein is at one's
own risk.

17. Neither the entity nor its authorized representative/s will be held responsible for any unintended errors in the
report's information, and they will not be liable for any direct or indirect damages, including lost revenue or
profits, resulting from the use of this information.

18. The entity does not hold any securities which are subject matter of recommendation.

19. The entity is a group company of Uniresearch Global Private Limited which is a SEBI registered research
analyst bearing registration number INH000013776.

20. The entity does not have any 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 investment recommendation services.

21. All material facts relating to the key features of the products or securities, particularly, performance track
record is available at www.univest.in and/or univest mobile app.

22. The user/client is requested to draw attention to the warnings, disclaimers in documents, advertising materials
relating to an investment product which it is recommending to the client.

23. Notwithstanding anything contrary contained herein, this report is exclusively meant for the recipient's
personal information and does not constitute any investment, legal and taxation advice etc. The document is
offered as general information and education purpose and should not be the basis for making investment
decisions

24. The entity maintains the arm length relation and client level segregation.

25. SEBI Regional office is situated at NBCC Tower, Block A, East Kidwai Nagar, Kidwai Nagar, New Delhi-
110023.

26. All disputes are subject to the arbitration proceedings conducted by the sole arbitrator appointed by the entity
(i.e. uniapps). The seat and venue of the arbitration proceedings shall be at Gurugram, Haryana. The language
of the arbitration shall be English. The award of the arbitrator shall be challenged before the respective court.
27. The entity has provided requisite disclosures in report/public appearance as specified by the Board under any
other regulations.

28. By accepting this report, you agree to be bound by the foregoing limitations and disclosures as available at
www.univest.in and/or univest mobile app. No representation is made that this report is accurate and
complete.

29. For other disclosures and terms & conditions, kindly visit at www.univest.in and/or univest mobile app.

30. Univest is acting as a platform provider and publishes the data provided by RIA/RA.
 Disclosure by;
Yashpal Arora
Research Analyst
UNIRESEARCH GLOBAL PRIVATE LIMITED “Uniresearch”
SEBI Registration Number (Research Analyst “RA”):- INH000013776
CIN: U66190HR2023PTC114266
Registered/ Corporate Office; 10, First Floor, Poorvi Marg,
DLF Phase 2, Sector 25, Gurugram, Haryana 122002
Mb; +917044903815, Email pranit@univest.in

1. It is stated that Uniresearch has availed this research rationale report from Uniapps and the same is being
used with requisite disclosure to offer the stock recommendation services/research analyst services to
the respective client.

2. The Research analyst or research entity has reviewed that the facts in aforesaid report are based on
reliable information and the terms used in making recommendations has been defined and these terms
shall be consistently used. Furthermore, it is stated that no untrue statement of material fact or any false
or misleading information found in the report.

3. The entity has clearly defined the meaning of each rating (if any) including the time horizon and
benchmarks on which a rating is based.

4. In case the entity has assigned a rating or price target to the securities for at least one year, the graph of
daily closing price of such securities for the period assigned or for a three-year period, whichever is
shorter has been specified.

5. This research report is not being made available selectively to internal trading personnel or a particular
client or class of clients in advance of other clients who are entitled to receive the research report.

6. No material conflict of interest exists between Uniapps and Uniresearch. For more disclosures, kindly
visit www.univets.in and/or univest mobile app