1 Business Activity:

PROFIT BELL RESEARCH is engaged in the business of Research Analyst activities by providing Buy/Sell/Hold calls to their registered clients and Educational Services. PROFIT BELL RESEARCH is registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014. SEBI Reg. No. INH000009852.

2 Disciplinary History:

There has been no instance of any Disciplinary action, penalty, etc. levied/passed by any regulation/administrative agencies against PROFIT BELL RESEARCH and its Partners.

3 Terms & Conditions of issuance of Research Report:

The Research report is issued to the registered clients. The Research Report or Research recommendations is based on facts, figures, and information that are considered true, correct, and reliable. The information contained herein is from publicly available data or other sources believed to be reliable. We have also reviewed the research report or Research recommendations for any untrue statements of material facts or any false or misleading information. The report or recommendations are prepared solely for informational purposes and do not constitute an offer document or solicitation to buy or sell or hold or subscribe for securities or other financial instruments for clients.

4 RISK Disclosures:

Profit Bell Research, its partners, employees, officers, and its affiliates are not responsible for any loss or damage that may arise to any person for any nonchalant error in the information represented in the research report or research recommendations.

Investors may lose his/her entire amount or Investments or portfolio under certain market conditions so acting on any advice or recommendations from research reports, Investors should understand their risk appetite or consult their financial advisers.

The research report or Research recommendations do not take into account any specific investment objective, goal, or financial situation or any specific needs and objectives of any specific individual. The client obtaining the research report or Research recommendations should act according to his/her own risk appetite and financial position and should also understand the risk involved in capital markets while making investments.

Disclosures with regard to ownership and material conflicts of interest:

• 1. PROFIT BELL RESEARCH or its research analysts or his/her relative or associate has any direct or indirect financial interest in the subject company -> NO
• 2. PROFIT BELL RESEARCH or its research analysts, or his/her relative or associate has any other material conflict of interest at the time of publication of the research report. -> NO
• 3. PROFIT BELL RESEARCH or its research analysts, or his/her relative or associates have actual ownership of one % or more securities of the subject company. -> NO

Disclosures with regard to receipt of compensation:

• 1 PROFIT BELL RESEARCH or its associates have received any compensation from the subject company in the past twelve months -> NO
• 2 PROFIT BELL RESEARCH or its associates have managed or co-managed public offering of securities for the subject in the past twelve months -> NO
• 3 Whether it or its associates have received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months -> NO
• 4 Whether it or its associates have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months -> NO
• 5 PROFIT BELL RESEARCH or its associates have received any compensation or other benefits from the subject company or third party in connection with the research report -> NO

⭐ Disclosure: We may hold and trade in some stocks related to our recommendations, but our intention is educational not financial from those stocks. If any financial benefit arises in any form, it is purely coincidental. I have two YouTube channels named "Learning Mirror" & "Krishna Murti" where I teach the basics of securities market concepts and NISM courses to beginners, For a better understanding of concepts, we are trading live in our videos or holding some stocks in our portfolio to sell based on topic concepts.

Min-Max Quantity Limit: 1-10

Other Disclosures:

• 1 The research analyst has served as an officer, director, and employee of the subject company -> NO
• 2 PROFIT BELL RESEARCH or its research analyst has been engaged in the market-making activity for the subject company -> NO
• 3 PROFIT BELL RESEARCH or its associates have received any compensation from the subject company in the past twelve months -> NO
• 4 PROFIT BELL RESEARCH Principal Officer “Krishna Murti” is a director in the company “FINMIRROR MAMMON PRIVATE LIMITED” which is associated with www.learningmirror.in
• 5 www.learningmirror.in is engaged in Educational and Consultancy services and his major social media presence is on YouTube & Telegram channels in the name of Learning Mirror and Krishna Murti

• 1 Learning Mirror YouTube Channel Link: https://www.youtube.com/c/LearningMirror

  Learning Mirror Telegram Channel Link: https://t.me/learningmirror

  Learning Mirror channel mainly provides educational content related to the securities market, which helps beginners to understand the securities market.

• 2 Krishna Murti YouTube Channel Link: https://www.youtube.com/c/KrishnaMurtiOfficial

  Krishna Murti Telegram Channel link: https://t.me/krishnamurtiofficial

  Krishna Murti channel provides educational content related to NISM Exams and SEBI Registration & compliances. Which helps new students and investors to understand the concepts and risks involved in the securities market.

  Educational Services like NISM classes for students who face difficulty in understanding financial concepts and guide them to pass the NISM exams.

  Consultancy services: If someone needs help or guidance regarding NISM exams and SEBI registration they can pay through our portal www.learningmirror.in and book an appointment for our services.

  “FINMIRROR Mammon Private Limited” bank account is used in www.learningmirror.in via PayTM Payment Gateway.

• 6.Note: All fee payments made by the client for research analyst services provided by the “PROFIT BELL RESEARCH” shall necessarily be through “PROFIT BELL RESEARCH” websites/payment links and in “PROFIT BELL RESEARCH” Bank account for fee collection. Any payment made outside the “PROFIT BELL RESEARCH” Bank account shall not be considered as payment towards research analyst services by “PROFIT BELL RESEARCH” and no complaints/grievances in this regard shall be entertained by “PROFIT BELL RESEARCH”.

  ** Some of the risks associated with the securities market that will adversely affect your investments and portfolio are:

  • 1 Market Risk: Companies often disclose the risks associated with market volatility. For example:

    "The company operates in a highly competitive industry, and its financial performance is subject to market fluctuations. Adverse changes in market conditions, such as changes in demand for our products or services, could negatively impact our revenue and profitability."

  • 2 Financial Risk: Companies may disclose their exposure to financial risks, such as currency risk or interest rate risk:

    "We have significant foreign currency exposure due to our international operations. Fluctuations in exchange rates could affect our financial results."

  • 3 Operational Risk: Companies may discuss risks related to their day-to-day operations:

    "Our manufacturing facilities are located in an area prone to natural disasters. Any disruption in our operations due to such events could result in production delays and financial losses."

  • 4 Regulatory Risk: Companies may highlight risks related to changes in regulations or legal proceedings:

    "The regulatory environment in which we operate is subject to change. New regulations or legal actions could impact our business operations and financial results."

  • 5 Competition Risk: Companies may discuss the competitive landscape and how it affects their business:

    "Our industry is highly competitive, with new entrants and existing competitors. Intense competition could lead to pricing pressures and reduced market share."

  • 6 Technology Risk: In technology-driven sectors, companies might address technology-related risks:

    "Our business relies heavily on technology platforms. Any cybersecurity breaches or technological failures could compromise our data security and reputation."

  • 7 Supply Chain Risk: Companies may disclose risks associated with their supply chain:

    "We source critical raw materials from a limited number of suppliers. Disruptions in the supply chain due to factors like supplier bankruptcy or geopolitical issues could impact our production."

  • 8 Environmental and Sustainability Risk: Companies may address environmental and sustainability concerns:

    "Environmental regulations are becoming more stringent. Non-compliance with environmental standards or reputational damage related to sustainability issues could harm our business."

  • 9 Credit Risk: For financial institutions, credit risk is a significant concern:

    "We have exposure to credit risk through our lending activities. Economic downturns or defaults by borrowers could lead to loan losses."

  • 10 Litigation Risk: Companies may disclose ongoing or potential legal actions:

    "We are currently involved in several legal proceedings. Unfavourable outcomes in these cases could result in financial liabilities."