Caprize Investment Managers Private Limited (“CIMPL”) or (“Research Entity”) a company duly incorporated under the Companies Act, 2013 (CIN No U66309MH2023PTG402309) having its Registered office situated at 211, Kamala Spaces, S. V. Road, Santacruz West Mumbai Maharashtra 400054. It is regulated by the Securities and Exchange Board of India (“SEBI”) and is licensed to carry on the business of Research Analyst and related activities. The business of CIMPL and its Associates (list available on www .caprize.co ) are organized around two broad business groups: Stockbroker & Depository Participant and Research Analyst.

This Report has been prepared by Caprize Investment Managers Private Limited (“CIMPL”) in the capacity of a Research Analyst having SEBI Registration No. INH000015446 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.

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