Divitiae Analytics Pvt Limited is a SEBI Registered Research Analyst vide Registration Number INH000023597 dated 10th October. In accordance with Regulation 24 (2) of the SEBI (Research Analyst) Regulations, 2014, Divitiae Analytics Pvt Limited shall maintain the following Code of Conduct:

Code of Conduct

Honesty and Good Faith

We shall act honestly and in good faith.

Diligence

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

Conflict of Interest

We 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

We shall not engage in insider trading or front running of our own research report.

Confidentiality

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

Professional Standard

We are engaged in research analysis and shall observe high professional standard while preparing research reports.

Compliance

We shall comply with all regulatory requirements applicable to the conduct of its business activities.

Responsibility of Senior Management

The Senior Management of Divitiae Analytics Pvt Limited shall bear primary responsibility for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures.

Regards,

Agrim Verma

(Principal Officer, Divitiae Analytics Pvt Limited)