1. About the Company: 5 Circles Private Limited is a Private Limited Company registered under the Companies Act, 2013, having its registered office at G 22, EXPRESS ZONE MALL, A WING, NEXT TO PATEL VANIKA, W E HIGHWAY, Malad East, MUMBAI, MAHARASHTRA, 400063. The Company got registered with SEBI as Research Analyst on 10th March, 2022 vide registration No. INH000020004 and is valid till perpetual. The Directors of the company are Suchita Sarawgi, Neha Garg, Deven Kishorbhai Shah, Sharad Panwar, Prasad Kailas Chandak and Omprakash Singh Yadav.

2. About the Research Analysts: Mr. Chandakk Prasad Kailas has done Masters in Management Studies, he has experience of 4+ years in stock market. He has been actively involved in the security market, gaining valuable experience and knowledge in investment strategies and analysis. He has strong analytical skills to identify investment ideas.

3. Details of Business activities: 5 Circles Private Limited provides comprehensive research reports on equity, debts, derivatives covering various sectors, companies and markets.

4. Disciplinary History: There are no outstanding litigations or disciplinary history against 5 Circles Private Limited.

5. Terms and Conditions on which Research Report is being issued: 5 Circles Private Limited has exercised due diligence in checking the correctness and authenticity of the information contained herein, so far as it relates to current and historical information, but does not guarantee its accuracy or completeness. The opinions expressed are based on our current research as of the date appearing in the material and may be subject to change from time to time without notice. 5 Circles Private Limited does not accept any liability arising from the use of this document or the information contained herein. The recipients of this material should rely on their own judgment and take their own professional advice before acting on this information. 5 Circles Private Limited shall not be responsible for any loss or damage that may arise to any person/s from any inadvertent error in the information contained, views and opinions expressed in this publication.

• Do not hold any financial interest in the Company.
• Do not have any actual/beneficial ownership of more than 1% in the company.
• Do not have any other material conflict of interest.

7. The Company or its associates are not affiliated with any other intermediaries or have received any brokerage or commission from any third party.

8. The Company or its associates have not received any compensation from the Company covered by Research Analyst during the past twelve months

9. The Company or its associates have not managed or co-managed public offering of securities of the Company during the past twelve months.

10. The Company or its associates has not served as an officer, director or employee of the Company and has not been engaged in the market making activity of the Company.

11. The Company have ensured that the facts mentioned in the research report are taken from the reliable source and information. However, the investors are advised to independently evaluate the market conditions/ risks involved before making the investment decision.