The Disclosure.

About Myself — Sentinel Research Pvt Ltd is a SEBI Registered Research Analyst (Corporate) bearing SEBI Registration No. INH000027867 and BSE Enlistment Number 7213. The Research Analyst and its relevant research personnel hold the qualifications prescribed under the applicable SEBI regulations, including NISM Series XV – Research Analyst Certification. The professional experience of the Research Analyst and its relevant personnel includes research and analysis of securities and financial markets.

About My Business Activity — Sentinel Research Pvt Ltd is engaged in providing research services relating to securities and financial markets.

Disciplinary History — There is no disciplinary history in the name of Sentinel Research Pvt Ltd, and there are no pending orders or outstanding litigations.

Terms & Conditions for Research Report — The terms and conditions applicable to the research reports and research services provided by Sentinel Research Pvt Ltd shall be communicated to the clients in accordance with applicable SEBI regulations and guidelines.

Details of Associates — Sentinel Research Pvt Ltd does not have any associates requiring disclosure.

The Research Analyst or its relatives or associates do not have financial interest in the subject Company.

The Research Analyst or its 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.

The Research Analyst or its relatives or associates do not have any other material conflict of interest at the time of publication of the research report.

The Research Analyst or its associates have not received compensation from the subject Company in the past twelve months.

The Research Analyst or its associates have not managed or co-managed public offering of securities for the subject Company in the past twelve months.

The Research Analyst or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject Company in the past twelve months.

The Research Analyst or its 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.

The Research Analyst or its associates have not received any compensation or other benefits from the subject Company or third party in connection with the research report.

Compensation for Public Appearance — Neither the Research Analyst nor its associates have received any compensation from the subject company in the past twelve months in connection with any public appearance.

The subject company is not, and was not, a client of the Research Analyst during the twelve months preceding the date of distribution of the research report, and accordingly no services of any type were provided to it during that period.

The Research Analyst has not served as an officer, director or employee of the subject Company.

The Research Analyst has not been engaged in market making activity for the subject Company.

Extent of Use of AI Tools — AI tools, including ChatGPT and Google Gemini, are used to a limited extent as supporting tools for understanding and analysing publicly available information relating to company fundamentals. The use of AI is limited to research assistance and does not independently determine or constitute the final research analysis, recommendation or investment decision.

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.

Sell / Target — Sell or target price is the price at which stock must be sold. For stocks which have reached their target price or are trading above target price, they must be sold upon reaching the target price or price band mentioned.

Hold — Hold means that a stock may be held and no exit is required. A Hold recommendation is given if the stock has not achieved its mentioned target or hit the mentioned stop loss price. A Hold recommendation can also be given where, in the Research Analyst's opinion, the stock may continue to move beyond the target price due to a change in circumstances even after the target is reached.

Stop Loss Price — Stop loss is the price at which the stock must be exited or sold due to an adverse situation or market move contrary to the recommendation. When the stop loss price is reached, the stock can be exited immediately or near the close of the trading session at a price near the closing price — this second scenario accounts for cases where the stop loss is triggered by intraday volatility but the stock recovers by the end of the session, helping investors avoid a premature exit. If, however, the stock is trading below or at the stop loss near the closing trading time, it must be exited.

Brand Name & Registered Address — Brand/Trade Name: PowerBulls. Complete address: 521/C-53, Civil Lines, Roorkee, Uttarakhand – 247667. Telephone: +91 90451 63342.

Membership No. of SEBI-Recognised Supervisory Body — BSE Enlistment Number: 7213 (BSE Administration & Supervision Ltd — BASL).

Grievance Officer — Name: Nitesh Agarwala. Telephone: +91 90451 63342. Email: sentinel.research26@gmail.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.