Standard Disclosures

Last updated: June 2026

The particulars given in this Disclosure Document have been prepared in accordance with the SEBI (Research Analysts) Regulations, 2014. For the purpose of this document, the Research Analyst is Rachit Jain (hereinafter the “Research Analyst” or “RA”).

History, present business and background

Rachit Jain is a registered SEBI Research Analyst under the SEBI (Research Analysts) Regulations, 2014, having Registration No. INH000022738. Brief details:

Research Analyst Name

Rachit Jain

Type of registration

Individual Research Analyst

SEBI Registration No.

INH000022738

BSE Enlistment No.

6756

Address

Laxmi Narayan Apartment, 6th Floor, 64, Subarban Park Road, Howrah, West Bengal, 711101

Email ID

ra.rachitjain@gmail.com

Contact No.

+91-9988628648

The Research Analyst is engaged in offering research recommendations to clients in the Indian securities market. Its scope of services is restricted to providing independent research services and is in no way involved in offering any investment advice, portfolio management or any other ancillary services. The Research Analyst does not offer any execution or distribution services.

Terms and conditions of research services

The research services will be limited to providing independent research and shall not involve any portfolio allocation services, execution services or distribution services. The Research Analyst has exercised due diligence in checking the correctness and authenticity of the information.

Disciplinary history

• No penalties / directions have been issued by SEBI under the SEBI Act or Regulations made thereunder against the Research Analyst relating to Research Analyst services.
• There are no pending material litigations or legal proceedings, findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against the Research Analyst.

Details of associates

The details of associates shall be provided as and when required.

Disclosures with respect to Research and Recommendation Services

• The Research Analyst or any of its officers/employees or associates may deal or trade in securities which are the subject matter of recommendation; however, such dealing or trading shall be strictly in compliance with the SEBI (Research Analysts) Regulations, including the restriction on trading within thirty days prior to and five days after publication of the research report.
• 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 objectivity or independence. Such conflict of interest shall be disclosed to the client as and when it arises.
• The Research Analyst, its employees or associates have not received any compensation from the company which is the subject matter of recommendation.
• The Research Analyst, its employees or associates have not managed or co-managed the public offering of any company.
• The Research Analyst, its employees or associates have not received any compensation for investment banking, merchant banking or brokerage services from the subject company.
• The Research Analyst, its employees or associates have not received any compensation for products or services other than the above from the subject company.
• The Research Analyst, its employees or associates have not received any compensation or other benefits from the subject company or a third party in connection with the research report / recommendation.
• The subject company was not a client of the Research Analyst, its employees or associates during the twelve months preceding the date of recommendation services provided.
• The Research Analyst, its employees or associates have not served as an officer, director or employee of the subject company.
• The Research Analyst has not been engaged in market-making activity of the subject company.

In case of any query or issue, you may connect with us at ra.rachitjain@gmail.com.

Navkar Research — SEBI Registered Research Analyst (Reg. No. INH000022738, BSE Enlistment No. 6756). For any clarification regarding this document, please contact us.