SEBI-Registered Research Analyst

Seiri Investment Private Limited is a SEBI Registered Non-Individual Research Analyst vide Registration Number INH000022765 dated August 18, 2025.

In accordance with Regulation 24 (2) of the SEBI (Research Analyst) Regulations, 2014, we shall maintain the following Code of Conduct:

1. Honesty and Good FaithWe shall act honestly and in good faith.
2. DiligenceWe shall act with due skill, care and diligence and shall ensure that the research report is prepared after thorough analysis.
3. Conflict of InterestWe 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.
4. Insider Trading or Front RunningWe shall not engage in insider trading or front running of our own research report.
5. ConfidentialityWe shall maintain confidentiality of report till the report is made public.
6. Professional StandardWe are engaged in research analysis and shall observe high professional standard while preparing research report.
7. ComplianceWe shall comply with all regulatory requirements applicable to the conduct of its business activities.
8. Responsibility of Senior ManagementWe shall bear primary responsibility of senior management for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures.

Regards,
Seiri Investment Private Limited

Nandkishore Patel
(Director)

Complaints Data

Seiri Investment Private Limited is a SEBI-registered Non-Individual Research Analyst (Registration No. INH000022765). The following data is for the month ending 31 August 2026.

* Inclusive of complaints from previous periods resolved in the current period. # Inclusive of complaints pending on the last day of the period. ^ Average resolution time is the total time taken to resolve complaints in the current month divided by complaints resolved in that month.

• Seiri Investment Private Limited is registered with SEBI as Non-Individual Research Analyst vide Registration number INH000022765 on 18 August, 2025 pursuant to which it provides Research Analyst services to its clients.
• Investment in securities market is subject to market risks. Read all the related documents carefully before investing.
• Registration granted by SEBI, enlistment with BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
• We are not affiliated with any other intermediaries or receive any brokerage or commission from any third party.
• The SEBI has issued no penalties/directions under the SEBI Act or any other regulatory body.
• We do not recommend any stock broker or other intermediary to a client, nor do we receive any consideration by way of remuneration or compensation or in any other form whatsoever from the stock broker or another intermediary.
• Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the consistency or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it and take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.
• We do not provide any promise or assurance of a favourable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition and suitability to risk return profile before investing.
• We or any other person related to us might be holding positions in the stocks recommended.
• The research recommendations are provided to all our clients who are entitled to receive the research reports. Client (Paid or Unpaid), or any third party or anyone else have no rights to forward or share our calls or SMS or reports or any information provided to us, to or with anyone (through any medium) which is received directly or indirectly by them. If found so, then serious legal actions can be taken.
• We ensure that the individuals employed as research analyst are separate from other employees who are performing sales trading, dealing, corporate finance advisory or any other activity that may affect the independence of our research report/recommendations. However, these individuals may receive feedback from sales or trading personnel of brokerage division to ascertain the impact of research report/recommendations.
• We also ensure that if a client wants an opinion on a specific position, such suggestion/view under any circumstances shall be considered as an opinion (not advice). We are not liable for any losses whatsoever the client may incur in accepting this opinion.
• We do not have any association in any manner with any issuer of products/securities; this ensures that there are no actual or potential conflicts of interest. This also ensures that objectivity or independence in the carrying on research services is not compromised.
• Stock trading is inherently risky, and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make.
• Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
• You, and not us, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing therefrom are your sole responsibility. We or any employees are in no way liable for the use of the information by others in investing or trading in investment vehicles.
• We also encourage all investors to use the services as a resource to further their own research on all featured companies, stocks, sectors, markets and information presented on the site.
• Everything posted on social media (Twitter/Facebook/Telegram/YouTube channel) is for education / illustration purposes and should not be counted as recommendations or investment advice.

Registered Research Analyst

Seiri Investment Private Limited is registered with the Securities and Exchange Board of India as a Non-Individual Research Analyst under the SEBI (Research Analysts) Regulations, 2014.

SEBI Registration Number

INH000022765

Certificate Number

1398

Registration Date

18 August 2025

Registration Status

Valid until suspended or cancelled in accordance with the Regulations

Registered office

Kachnar Road, Vijay Nagar, Jabalpur, Madhya Pradesh - 482002.

SEBI registration does not guarantee performance of the intermediary or provide any assurance of returns. Investors may verify the registration status of a Research Analyst on the SEBI website before transacting.

Refund Policy

Research service fees may be charged in advance only where agreed with the client. Any advance must not exceed fees for a period of one year.

If research services are suspended or terminated because the Research Analyst's SEBI registration is suspended for more than 60 days or cancelled, the client is entitled to a pro-rata refund for the unexpired subscription period from the effective date of suspension or cancellation.

In the event of premature termination of research services by either the client or the Research Analyst, the client may seek a proportionate refund only for the unexpired period. Statutory charges are excluded from the applicable fee limit.

Fees may be paid through approved banking modes, including cheque, online bank transfer or UPI. Cash payment is not allowed. Where applicable, clients may use the Centralized Fee Collection Mechanism managed by BSE Limited.