Disclosure Document

Introduction

For the purpose of this document, the Research Analyst is Gowtham Kumaresh (hereinafter referred to as the "Research Analyst" or "RA"), operating under the brand name We Capitalize.

This Disclosure Document is published on the website of We Capitalize and made available to all clients and prospective clients as required under the SEBI (Research Analysts) Regulations, 2014.

1. History, Present Business & Background

Gowtham Kumaresh is a registered SEBI Research Analyst under the SEBI (Research Analysts) Regulations, 2014. Brief details of the Research Analyst are provided below.

The Research Analyst is engaged in offering research recommendations to clients in the Indian securities market. The 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.

2. Terms & Conditions of Research Services

The research services provided by We Capitalize are governed by the following terms and conditions. Clients are advised to read these carefully before availing any research service.

• Research services are limited to providing independent research recommendations and shall not involve any portfolio allocation, execution, or distribution services.
• The Research Analyst has exercised due diligence in checking the correctness and authenticity of the information forming the basis of each research recommendation.
• Research recommendations are published for informational purposes only and shall not be construed as investment advice or a solicitation to buy or sell any security.
• No returns are guaranteed. Past performance of any recommendation is not indicative of future results. Investment in securities market are subject to market risks.
• KYC completion is mandatory before availing paid research services. Fees must be paid through banking channels only — never in cash. Maximum fee: ₹1,51,000 per annum per family for individual/HUF clients, as prescribed by SEBI.
• Clients may pay through the RAASB Centralised Fee Collection Mechanism (CeFCoM) where opted. Always obtain a duly signed receipt for fees paid.
• For full terms governing the use of research services, please refer to our Terms & Conditions including Most Important Terms & Conditions (MITC).

3. Disciplinary History

The following disclosures are made regarding the disciplinary history of the Research Analyst:

• No penalties or 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.

4. Details of Associates

The details of associates of the Research Analyst shall be provided as and when required in accordance with the SEBI (Research Analysts) Regulations, 2014.

Where any associate holds a material interest in a security that is the subject of a research recommendation, such interest will be disclosed in the relevant research report as required by SEBI regulations.

5. Disclosures with Respect to Research & Recommendation Services

The following disclosures are made in accordance with the SEBI (Research Analysts) Regulations, 2014, with respect to research recommendations published by We Capitalize:

• The Research Analyst or any of its officers, employees, or associates may deal or trade in securities which are the subject matter of a 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 or securities, including any material information or facts that might compromise objectivity or independence. Any 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 any company which is the subject matter of a 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 any subject company.
• The Research Analyst, its employees, or associates have not received any compensation for products or services other than research services from any 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 any research report or recommendation.
• The subject company was not a client of the Research Analyst, its employees, or associates during the twelve months preceding the date of the research recommendation.
• The Research Analyst, its employees, or associates have not served as an officer, director, or employee of any subject company.
• The Research Analyst has not been engaged in market-making activity of any subject company.

6. Disclaimer & Standard Warning

Grievance Redressal

Investors may raise grievances through the following channels:

For the complete grievance redressal process, timelines, and escalation mechanism, please refer to our Grievance Redressal page and the Investor Charter.