Disclosure & Disclaimers

Key Risk Factors:

• Possibility of Loss: Market risks may result in partial or permanent loss of investments under certain market conditions.
• No Performance Guarantee: Registration granted by SEBI and certification from NISM do not guarantee the performance of the intermediary nor assure returns to investors.
• Past Performance Warning: Past performance is not indicative of future results and should not be relied upon as a basis for future investment decisions.
• Open Positions Risk: Our recommendations may involve open positions without specifying stop-loss levels or target prices, exposing portfolios to potentially significant losses.

Business Activity

THACKER BHAVESH H is engaged in providing independent equity research services, offering Buy/Sell/Hold recommendations and investment opinions through research reports, analysis, and market commentary.

Conflict of Interest Disclosures

In accordance with SEBI regulations, we disclose:

• Neither THACKER BHAVESH H nor its associates hold 1% or more in equity securities of subject companies
• No direct or indirect financial interest in subject companies at time of publication
• No material conflict of interest with subject companies
• No compensation received from subject companies in the past twelve months
• No involvement in public offerings or investment banking services for subject companies

Important Notice for Investors

Please refrain from inquiring about specific amounts or lot sizes for investing. According to RA regulations, we cannot disclose this information. Any future liabilities from our recommendations are not our responsibility - invest according to your own risk tolerance.

Risk Factors:

• Total Loss Potential: You may lose your entire investment
• Leverage Risk: Small market movements can cause large losses
• Time Decay: Options lose value as expiration approaches
• Complexity: Suitable only for experienced market participants

Investors are responsible for their own investment decisions and should seek a registered investment adviser for personalized financial planning services.

Rating Terminology:

• ✅ Buy: Purchase within specified price range
• 📉 Sell: Sell within specified price range
• ✋ Hold: Retain current holdings until revised call
• 📝 Apply: Participate in IPO/Buyback/OFS
• 💰 Book Profit: Sell to realize existing gains
• ❌ Exit: Close entire position
• ➕ Add: Buy additional quantity if already holding
• ➖ Reduce: Partially sell based on revised outlook

Our recommendations are based on technical and fundamental analysis, with some use of AI (Artificial Intelligence).

AI-Related Risks:

• System Vulnerabilities: AI trading risks include system errors that can amplify losses
• Data Security: Privacy and security risks including potential breaches
• Bias & Quality: Biased outputs, data quality issues, and misleading results from poor data
• Significant Losses: Severe data glitches may result in substantial portfolio losses

High Risk Factors:

• Significantly high potential for capital loss
• Unregulated and highly volatile markets
• No regulatory oversight or formal grievance mechanisms
• Increased risk of fraud and operational failure
• Non-recoverable losses possible

Our Position: We are not registered to provide investment advisory for unregulated products. Any views are purely research-based insights for informational purposes only.

THACKER BHAVESH H may publish Model Portfolios in accordance with SEBI (Research Analyst) Regulations, 2014.

Research Report Issuance:

• Purpose: Reports exclusively issued to registered clients for informational purposes
• Information Basis: Prepared using facts deemed true, correct, and reliable at publication
• No Solicitation: Reports do not constitute offer document or solicitation to buy/sell/hold
• Client Responsibility: Exercise independent judgment and consult financial advisors
• Copyright: For personal use of registered clients only - no reproduction without authorization

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