Disclosures

PLEASE READ OUR DISCLOSURES

Master Research respects and values the 'Right to Privacy' of individuals. We are esteemed by the relationship and by becoming our clients you have a promise from our side that we shall remain loyal to all our clients and non clients whose information resides with us. This Privacy Policy of Master Research applies to the current clients as well as, former clients. Below are the word by word credentials of our Privacy Policy:

• By registering your mobile number on Master Research website, you agree to be contacted by our personnel and it shall be treated as ‘opt inn’ in case if the contact number you have registered with us, is subscribed in DND registry (Do Not Disturb). By registering for our services, you also agree to comply with our Private Policy and Terms & Conditions. Please be aware that you may receive calls related to services promotions and any sort of contests and polls organised by us. In case there are any changes in your contact information that we retain, please bring this to our knowledge either by call or email.
• Your information whether public or private, will not be sold, rented, exchanged, transferred or given to any company/establishment/individual for any reason, without your consent for the same.
• Your information will be used ONLY for providing the services to you for which you have subscribed to us. For which you have shared your respective information.
• The information shared with us by you, represents your identity with us. Please update us through email or call, as and when, any changes takes place regarding any of the details that you've shared with us.
• In addition to the service provided to you, your information (Mobile Number, E-Mail ID etc.) can be brought in use for sending you newsletters, survey, contest information, or information about any new services of the Company which will be for your own good and while subscribing for our services youagree that Master Research has the right to do so.
• By subscribing to our services, you consent to our Privacy Policy and Terms of Use.

SEBI RESEARCH ANALYST DISCLOSURE DOCUMENT

The particulars given in this Disclosure Document have been prepared in accordance with SEBI (Research Analyst) Regulations, 2014. For the purpose of this Disclosure Document, Research Analyst is Divya Roy Proprietor Master Research, (hereinafter referred as "Research Entity").

History, Present Business and Background

Divya Roy Proprietor Master Research is registered with SEBI as Research Analyst with registration no. INH000022011. The Research Analyst got its registration on 23rd July, 2026 and is engaged in offering research and recommendation services.

Terms and Conditions of Research Services

• The Research Services will be limited to providing independent research recommendation and shall not be involved in any advisory or portfolio allocation services.
• The Research Analyst never guarantees the returns on the recommendation provided. Investor shall take note that Investment/trading in stocks/Index or other securities is always subject to market risk. Past performance is never a guarantee of same future results.
• The Research Analyst shall not be responsible for any loss to the Investors.

Disciplinary History

• There are no pending material litigations or legal proceedings against the Research Analyst.
• As on date, no penalties / directions have been issued by SEBI under the SEBI Act or Regulations made there under against the Research Analyst relating to Research Analyst services.

Details of its Associates

No associates

Disclosures with Respect to Research and Recommendations Services

• The Research Analyst or any of its officer/employee does not trade in securities which are subject matter of recommendation.
• There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of Research Analyst services. Such conflict of interest shall be disclosed to the client as and when they arise.
• Research Analyst or its employee or its associates have not received any compensation from the company which is subject matter of recommendation.
• Research Analyst or its employee or its associates have not managed or co-managed the public offering of any company.
• Research Analyst or its employee or its associates have not received any compensation for investment banking or merchant banking of brokerage services from the subject company.
• Research Analyst or its employee or its associates have not received any compensation for products or services other than above from the subject company.
• Research Analyst or its employee or its associates have not received any compensation or other benefits from the Subject Company or 3rd party in connection with the research report/recommendation.
• The subject company was not a client of Research Analyst or its employee or its associates during twelve months preceding the date of recommendation services provided.
• Research Analysts or its employee or its associates has not served as an officer, director or employee of the subject company.
• Research Analysts has not been engaged in market making activity of the subject company.