Disclosure As Per Securities And Exchange Board Of India (Research Analysts) Regulations, 2014

About Zamzam Capital

We are represented by Mr. Saif Ahmed, who is the Managing Partner & Principal Officer of Zamzam Capital, a SEBI Registered research analyst (Regd No.INH000016199) and BSE Enlistment number 6158. Mr. Saif Ahmed holds two degrees, a Bachelor of Science in Mathematics and a Bachelor of Arts in Economics, and his professional experience spans over 20 years including personal investing experience.

About Our Business Activity

We are a Research Entity registered with SEBI as Research Analyst with Registration No.INH000016199. The firm got its registration on June 8, 2024 and is engaged in research services about Indian Equity market and listed companies with a focus on Small and Midcap companies. Our research focus on identifying under-valued companies with decent growth potential, strong fundamentals and corporate governance. We also focus on technical analysis and look at swing and positional trading opportunities for our stock plans and model portfolios.

Disciplinary History

If you have any disciplinary history – No

There is no disciplinary history in my name, and there are no pending orders or outstanding litigations.

Terms And Conditions For Research Report Details of associates:

Mention the details of any associates employed by the RA – NIL

Disclosure with regard to ownership and material conflicts of interest

1. The Research Analyst or his relatives or associates do not have financial interest in the subject Company;
2. The Research Analyst or his relatives or associates do not have actual/beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report;
3. The Research Analyst or his relatives or associates do not have any other material conflict of interest at the time of publication of the research report.

Disclosure with regard to receipt of Compensation

1. The Research Analyst or his associates have not received compensation from the subject Company in the past twelve months.
2. The Research Analyst or his associates have not managed or co-managed public offering of securities for the subject Company in the past twelve months.
3. The Research Analyst or his associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject Company in the past twelve months.
4. The Research Analyst or his associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
5. The Research Analyst or his associates have not received any compensation or other benefits from the subject Company or third party in connection with the research report.

Disclosure with regard to receipt of Compensation (For the purpose of Public appearance)

1. whether it or its associates have received any compensation from the subject company in the past twelve months – No
2. whether the subject company is or was a client during twelve months preceding the date of distribution of the research report and the types of services provided – No

General Disclosure

1. The Research Analyst has not served as an officer, director or employee of the subject Company.
2. The Research Analyst has not been engaged in market making activity for the subject Company
3. We are not using AI tools for providing Research

Definitions of Terms Used

1. Buy – Buy means that the stock recommended to be bought either at Market or at price or within price band mentioned in the recommendation. Stock to be bought at Market or Current Market price (CMP) must be bought immediately or near the closing time of market at closing price. Stock with limit price order or where buying price or price band is mentioned, such stock can be bought at the price or within the price band mentioned.
2. Sell / Target – Sell or target price is the price at which stock must be For Stocks which have reached to their target price or trading above target price must be sold upon reaching the target price or price band mentioned.
3. Hold – Hold means that a stock may be held and no exit is required. Hold recommendation is given if stock has not achieved its mentioned target or hit the mentioned stop loss Hold recommendation can also be given in case if research analyst is of opinion that even after reaching the target price, the stock may go beyond target price due to change in circumstances.
4. Stop loss price – Stop loss is a price at which the stock must be exited or sold due to adverse situation or market move contrary to When the stop loss price is reached, stock can be exited immediately or near the close of trading session at price which is near the closing price. Second scenario is mentioned given the fact that some times the stop loss price is reached due to intra day volatility of market but it recovers towards the end of session showing the strength of stock & in such case stock can be held. This mechanism helps the Investor from a wrong exit/ pre-mature exit from stock. It must be noted, however, that if the stock is trading below/at stop loss near the closing trading time, then it must be exited.

Additional Disclosures

• Our logo: is displayed on our Home Page: www.zamzam-capital.com
• Regd Address: Zamzam Capital, No. 6 Berlie Street, Langford Town, Shanthinagar, Bangalore 560025, Karnataka, Mob: 8694010200
• SEBI Registration No: INH000016199 and BSE Enlistment No: 6158
• Grievance Officer – Mr. Shafik Ahmed, Mob: 8694010200, go@zamzam-capital.com

Warning –

“Investments in securities market are subject to market risks. Read all the related documents carefully before investing”.

Disclaimer –

“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.”