Disclaimers, Disclosures & Compliance.

1. Code of Conduct

Suhani Sandip Katariya, Proprietor of Suhani Katariya, is a SEBI Registered Research Analyst vide Registration Number INH000026257 dated April 20, 2026.

In accordance with Regulation 24(2) of the SEBI (Research Analyst) Regulations, 2014, I shall maintain the following Code of Conduct:

Honesty and Good Faith

I shall act honestly and in good faith.

Diligence

I shall act with due skill, care and diligence and shall ensure that the research report is prepared after thorough analysis.

Conflict of Interest

I shall effectively address conflict of interest which may affect the impartiality of research analysis and research report and shall make appropriate disclosures to address the same.

Insider Trading or Front Running

I shall not engage in insider trading or front running of my own research report.

Confidentiality

I shall maintain confidentiality of the report till the report is made public.

Professional Standard

I am engaged in research analysis and shall observe high professional standards while preparing the research report.

Compliance

I shall comply with all regulatory requirements applicable to the conduct of my business activities.

Responsibility of Senior Management

I shall bear primary responsibility of senior management for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures.

Regards,
Suhani Sandip Katariya
(Proprietor of Suhani Katariya)

2. General Disclaimer

Suhani Sandip Katariya, Proprietor of Suhani Katariya, is registered with SEBI as an Individual Research Analyst vide Registration Number INH000026257 on April 20, 2026, pursuant to which I provide Research Analyst services to my clients.

• I am not affiliated with any other intermediaries and do not receive any brokerage or commission from any third party.
• The SEBI has issued no penalties or directions against me under the SEBI Act or any other regulation.
• I do not recommend any stock broker or other intermediary to a client, nor do I receive any consideration by way of remuneration or compensation or in any other form whatsoever from any stock broker or other intermediary.
• Investment in equity shares carries its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that I consider reliable. I, however, do not vouch for the consistency or completeness thereof. This material is for personal information only, and I am not responsible for any loss incurred due to it — I take no responsibility whatsoever for any financial profits or losses which may arise from the recommendations.
• I do not provide any promise or assurance of a favourable view for any particular industry, sector or business group in any manner. Investors are requested to take into consideration all the risk factors including their financial condition and suitability to risk-return profile before investing.
• I or any other person related to me may, from time to time, be holding positions in the stocks recommended.
• The research recommendations are provided to all my clients who are entitled to receive the research reports. Any client (paid or unpaid), any third party, or anyone else has no right to forward or share my calls, SMS, reports, or any information provided by me, with anyone (through any medium), whether received directly or indirectly. If found to do so, serious legal action may be taken.
• I ensure that any individuals employed as research analysts (if applicable) are kept separate from any other employees performing sales, trading, dealing, corporate finance advisory, or any other activity that may affect the independence of my research report or recommendations. Such individuals may, however, receive feedback from sales or trading personnel of the brokerage division to ascertain the impact of research reports/recommendations.
• If a client requests an opinion on a specific position, such suggestion or view shall under any circumstances be considered as an opinion (not advice). I am not liable for any losses whatsoever the client may incur in accepting such an opinion.
• I do not have any association in any manner with any issuer of products or securities. This ensures that there are no actual or potential conflicts of interest, and that objectivity or independence in the carrying on of research services is not compromised.
• Stock trading is inherently risky, and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make.
• Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will, or is likely to, achieve profits or losses similar to those shown.
• You, and not I, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing therefrom are your sole responsibility. I (or any person engaged by me) am in no way liable for the use of the information by others in investing or trading in any investment vehicles.
• I encourage all investors to use the services as a resource to further their own research on all featured companies, stocks, sectors, markets, and information presented on the site.
• Everything posted on social media (Twitter / X, Facebook, Telegram, YouTube channel, LinkedIn, Instagram, etc.) is for education or illustration purposes and should not be counted as a recommendation or investment advice.

3. Standard Disclosures

About the Research Analyst

Suhani Sandip Katariya, Proprietor of Suhani Katariya, is a SEBI Registered Research Analyst having her registered office at:

Dattatraya D CO-OP Soopp Water Pumping,
Nashik, Maharashtra — 422005

Suhani Sandip Katariya, Proprietor of Suhani Katariya, was registered with SEBI as an Individual Research Analyst vide Registration Number INH000026257 on April 20, 2026, pursuant to which she provides Research Analyst services to clients.

Educational Background

Suhani Sandip Katariya, Proprietor of Suhani Katariya, has completed her Chartered Accountancy from the Institute of Chartered Accountants of India (ICAI) and Bachelor of Commerce from the University of Pune. With strong analytical skills, Suhani Sandip Katariya focuses on identifying investment opportunities and implementing structured research strategies.

Business Activities

Suhani Sandip Katariya, Proprietor of Suhani Katariya, provides research recommendations based on both fundamental and technical analysis.

Disciplinary History

There are no outstanding litigations and no disciplinary history against Suhani Sandip Katariya, Proprietor of Suhani Katariya.

Terms and Conditions

• Suhani Sandip Katariya, Proprietor of Suhani Katariya, has exercised due diligence in verifying the correctness and authenticity of the information contained herein, as far as it relates to current and historical information. However, accuracy or completeness is not guaranteed.
• The opinions expressed are based on current research as of the date mentioned and are subject to change without prior notice.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, does not accept any liability arising from the use of this document or the information contained herein.
• Recipients of this material should rely on their own judgment and seek professional advice before acting on the information provided.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, shall not be responsible for any loss or damage that may arise due to any inadvertent error in the information, views, or opinions expressed.

Conflict of Interest Disclosure

Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates, including relatives:

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

Independence of Research

• Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates are not affiliated with any other intermediaries and have not received any brokerage or commission from third parties.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates have not received any compensation from the Company covered under research during the past twelve months.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates have not managed or co-managed any public offering of securities of the Company in the past twelve months.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates have not served as an officer, director, or employee of the Company and have not been engaged in market-making activity of the Company.

Responsibility & Advice to Investors

• The facts mentioned in research reports issued by Suhani Sandip Katariya, Proprietor of Suhani Katariya, are obtained from reliable sources. However, investors are strongly advised to independently evaluate the market conditions and risks before making any investment decisions.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, may also use Artificial Intelligence tools in providing research services, in compliance with Regulation 19(vii) and Regulation 24(7) of the RA Regulations. The Research Analyst remains solely responsible for the security, confidentiality, and integrity of client data, and for the research output produced with such assistance.

4. Investor Charter for Research Analysts

Vision and Mission Statements for Investors

Vision: Invest with knowledge & safety.

Mission: Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.

Details of Business Transacted by the Research Analyst with Respect to Investors

• To publish research reports based on the research activities of the RA.
• To provide an independent unbiased view on securities.
• To offer unbiased recommendations, disclosing the financial interests in recommended securities.
• To provide research recommendations based on analysis of publicly available information and known observations.
• To conduct an audit annually.
• To ensure that all advertisements are in adherence to the provisions of the Advertisement Code for Research Analysts.
• To maintain records of interactions with all clients including prospective clients (prior to onboarding), where any conversation related to the research services has taken place.

Details of Services Provided to Investors (No Indicative Timelines)

Onboarding of Clients

• Sharing of terms and conditions of research services.
• Completing KYC of fee-paying clients.

Disclosure to Clients

• To disclose information that is material for the client to make an informed decision, including details of business activity, disciplinary history, the terms and conditions of research services, details of associates, risks and conflicts of interest, if any.
• To disclose the extent of use of Artificial Intelligence tools in providing research services.
• To disclose, while distributing a third party research report, any material conflict of interest of such third party research provider, or provide a web address that directs the recipient to the relevant disclosures.
• To disclose any conflict of interest of the activities of providing research services with other activities of the Research Analyst.
• To distribute research reports and recommendations to clients without discrimination.
• To maintain confidentiality with respect to publication of the research report until made available in the public domain.
• To respect data privacy rights of clients and take measures to protect unauthorised use of their confidential information.
• To disclose the timelines for the services provided by the Research Analyst to clients and ensure adherence to the said timelines.
• To provide clear guidance and adequate caution notice to clients when providing recommendations for dealing in complex and high-risk financial products / services.
• To treat all clients with honesty and integrity.
• To ensure confidentiality of information shared by clients unless such information is required to be provided in furtherance of discharging legal obligations or a client has provided specific consent to share such information.

Rights of Investors

• Right to Privacy and Confidentiality
• Right to Transparent Practices
• Right to Fair and Equitable Treatment
• Right to Adequate Information
• Right to Initial and Continuing Disclosure
• Right to receive statutory and regulatory information
• Right to Fair & True Advertisement
• Right to Awareness about Service Parameters and Turnaround Times
• Right to be informed of service timelines
• Right to be Heard and for Satisfactory Grievance Redressal
• Right to Timely Redressal
• Right to Exit financial products / services per agreed terms
• Right to Clear Guidance on High-Risk Products
• Additional rights for vulnerable consumers
• Right to accessible services for differently abled individuals
• Right to provide feedback
• Right against coercive / unfair / one-sided clauses in financial agreements

Expectations from Investors (Responsibilities of Investors)

Do’s

• Always deal with SEBI-registered Research Analysts.
• Ensure the Research Analyst has a valid SEBI registration. The list of all SEBI registered Research Analysts is available on the SEBI website at: SEBI — Registered RAs.
• Always pay attention to disclosures made in research reports before investing.
• Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments. You may make payment of fees through the Centralised Fee Collection Mechanism (CeFCoM) of RAASB if the Research Analyst has opted for the mechanism. (Applicable for fee-paying clients only.)
• Before buying / selling securities or applying in a public offer, check the research recommendation provided by your Research Analyst.
• Ask all relevant questions and clear your doubts with your Research Analyst before acting on a recommendation.
• Seek clarifications and guidance on research recommendations from your Research Analyst, especially if it involves complex and high-risk financial products and services.
• Always be aware that you have the right to stop availing the service of a Research Analyst as per the terms of service agreed between you and your Research Analyst.
• Always be aware that you have the right to provide feedback to your Research Analyst in respect of the services received.
• Always be aware that you will not be bound by any clause, prescribed by the Research Analyst, which is contravening any regulatory provision.
• Inform SEBI about any Research Analyst offering assured or guaranteed returns.

Don’ts

• Do not provide funds for investment to the Research Analyst.
• Don’t fall prey to luring advertisements or market rumours.
• Do not get attracted to limited-period discounts or other incentives, gifts, etc., offered by a Research Analyst.
• Do not share login credentials and passwords of your trading, demat, or bank accounts with the Research Analyst.

5. Grievance Redressal

Here are the steps a client can follow in case of grievance or feedback:

Step 1 — Contact the Research Analyst Directly

If you are not satisfied with our services and would like to lodge a complaint, please first reach out via email or phone. Your complaint will be addressed on best-efforts basis within 7 business working days of the receipt of grievance.

We will try to resolve your complaint within 21 days of the receipt of grievance. The first step is for us to be clear about the nature of your complaint, and to identify what we can do to resolve the issue. When we have finished investigations into your complaint, we will be in touch to provide you with a full response.

If you are not satisfied with the response or the handling of your complaint by our representative, you can write an email to Suhani Katariya, Principal Officer at casuhanikatariya@gmail.com with complete details. We will get in touch with you at the earliest and try to resolve your complaint as soon as possible.

Step 2 — Escalate to SEBI via SCORES 2.0

You can lodge your grievances with SEBI through the SCORES portal at https://scores.sebi.gov.in, or you may write to any of the offices of SEBI. For any queries, feedback, or assistance, you may also contact the SEBI Toll-Free Helpline at 1800 22 7575 / 1800 266 7575.

If your complaint is not resolved within a period of one month, you may refer your complaint to the regulator — the Securities and Exchange Board of India (SEBI).

SCORES 2.0 is a web-based centralised grievance redressal system of SEBI for facilitating effective grievance redressal in a time-bound manner.

Two-level review for complaint / grievance against a Research Analyst:

• First review done by the designated body (RAASB — BSE Limited).
• Second review done by SEBI.

Step 3 — Online Dispute Resolution (SmartODR)

If you remain unsatisfied with the resolution provided by the Market Participants, you have the option to file the complaint / grievance on the SMARTODR platform for resolution through online conciliation or arbitration. The platform link is: https://smartodr.in/login.

Physical Complaints

With regard to physical complaints, investors may send their complaints to: