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 Certification by Analyst(s), Author of this Report

The views expressed in this report accurately reflect the personal views of the analyst(s), author of this report about the subject securities or issues, and no part of the compensation of the research analyst(s), author of this report was, is, or will be directly or indirectly related to the specific recommendations and views expressed by research analyst(s), author of this report; in this report. The research analyst()s, author of this report, strategists, or research associates principally responsible for preparation of this report and/or for any other PSPL research report/material; receive compensation based upon various factors, including quality of research, investor client feedback, stock picking, competitive factors and firm revenues.

Disclosure of Interest Statement where there is interest in Stocks, Companies mentioned in this report.

Ownership of the stock(s), company (ies) that are mentioned in this report by Analyst(s), author of this report – No

Analyst(s), author of this report served as an officer, director or employee of Companies mentioned in this report – No

SEBI Registration Number – INH000005582  as per SEBI (Research Analysts) Regulations, 2014.

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