Investment in securities market are subject to market risks. Read all the related documents carefully before investing.•Investment in securities market are subject to market risks. Read all the related documents carefully before investing.•Investment in securities market are subject to market risks. Read all the related documents carefully before investing.•Investment in securities market are subject to market risks. Read all the related documents carefully before investing.•
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STATUTORY REGULATORY DISCLOSURES

Conflict of Interest & Disclosures Policy

In accordance with SEBI (Research Analysts) Regulations, 2014, BizXResearch maintains comprehensive disclosures ensuring complete analytical objectivity and zero conflicting commercial interests.

1. Ownership & Financial Interest

Neither BizXResearch Private Limited nor its research analysts or their associates/relatives have any actual/beneficial financial interest of 1% or more in any subject company at the end of the month immediately preceding the date of publication of research reports.

2. Investment Banking & Intermediary Compensation

BizXResearch does not operate an investment banking, merchant banking, brokerage, or underwriting division. Neither BizXResearch nor its analysts have received any compensation for merchant banking or investment banking services from any subject company in the past 12 months.

3. Market Making Activities

BizXResearch and its research analysts do not act as market makers for any securities of any subject company.

4. Personal Trading Blackout Windows

Analysts are strictly prohibited from transacting in any security of a subject company within 30 days prior to and 5 days after the publication of a research report covering that security.

5. Directorship & Management Roles

Neither the research analysts nor any associate of BizXResearch serves as an officer, director, or employee of any company under active research coverage.

Research Independence Commitment

Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.