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Disclosure

Disclosure

Refund Policy of 24 Carat Financial Services:

24Carat Financial Services or any of its associates, its Partners, fellow research analyst here by disclosing all material information about itself its business activity, disciplinary history, the terms and conditions on which it offers research report, details or associates and such other information as is necessary to take an investment decision, including the following :

  1. 24Carat Financial Services or any of its associates, it’s Partners, or fellow research analysts here by discloses the following in research report and in public appearance with regards to ownership and material conflicts of interest:
    1. 24Carat Financial Services, its associates, Partners, Employed research analysts & relative do NOT have any financial interest in the subject company and the nature of such financial interest.
    2. 24Carat Financial Services, its associate, Partners Employed research analyst & relatives, do NOT have actual/beneficial ownership of one percent or more securities of the subject company, at the end of the month immediately preceding the date of publication of research report of the public appearance.
    3. 24Carat Financial Services, its associates, Partners, Employed research analyst & relative, do NOT have any other material conflict of interest at the time of publication of research report or at the time of public appearance.
  2. 24Carat Financial Services, its associates, Partners, Employed research analysts & relative do NOT have any financial interest in the subject company and the nature of such financial interest.
    1. 24Carat Financial Services or its associates, Partners, Partners, Employed Research Analyst have NOT received any compensation from the subject company in the past twelve months.
    2. 24Carat Financial Services or its associates, Partners, Employed Research Analyst have NOT managed or co-Managed public offering of securities for the subject company in the past Twelve month.
    3. 24Carat Financial Services or its associates, Partners, Employed Research Analyst have NOT received anycompensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve month.
    4. 24Carat Financial Services or its associates, Partners, Employed Research Analyst have NOT received any compensation for products or services from the subject company in the past twelve month.
    5. 24Carat Financial Services or its associates, Partners, Employed Research Analyst have NOT received any compensation or other benefits from the Subject Company or third party in connection with research report.
    6. 24Carat Financial Services or any of its associates or fellow research analyst here by declares that they will always disclose in public appearance with regard to receipt of compensation.
    7. 24Carat Financial Services or any of its associates or fellow research analyst has NOT served as an officer,director or employee of the subject company
    8. 24Carat Financial Services or any of its associates or fellow research analyst entity has NEVER been engaged in market making activity for the subject company

Management of conflicts of interest and disclosure

  1. 24Carat Financial Services has written internal policies and control Procedures governing the dealing and tradingby any research analyst which are as following:
    1. 24 Carat Financial Services or any of its associates, its Partners, fellow research analyst does not have actual or potential conflict of interest arising from dealings or trading of securities of Subject Company or companies.
    2. 24 Carat Financial Services or any of its associates, its Partners, fellow research analyst is promoting objective and reliable research that reflects the unbiased view of research analyst.
    3. 24 Carat Financial Services or any of its associates, its Partners, fellow research analyst always prevents theuse of research report to manipulate the securities market.
  2. 24Carat Financial Services have in placed appropriate mechanism to Ensure independence of its research activities from its other business activities.