Conflict of Interest Disclosure

Kerdoss Trade India | SEBI RA Reg. No: INH000020730 | BSE Enlistment No: 6560 In accordance with SEBI (Research Analysts) Regulations, 2014, Kerdoss Trade India hereby discloses all actual and potential conflicts of interest relating to the research services provided by us.

1. Nature of Business

Kerdoss Trade India is registered as a Research Analyst with SEBI (Registration No. INH000020730) and is enlisted with BSE Limited (Enlistment No. 6560). Our business is limited to providing research reports and recommendations on securities to clients.

2. Financial Interest Disclosure

• Kerdoss Trade India and its research analysts do not have any direct or indirect financial interest in the subject companies covered in research reports.
• Kerdoss Trade India and its research analysts do not hold actual ownership of 1% or more of the securities of any subject company covered in research reports.
• Kerdoss Trade India and its associates have not received any compensation from subject companies in the past twelve months.

3. Independence of Research

• All research reports and recommendations issued by Kerdoss Trade India are based on independent, unbiased analysis of publicly available information.
• The compensation of our research analysts is not linked to specific recommendations or views expressed in research reports.
• Kerdoss Trade India does not engage in proprietary trading or market making activities in the securities covered in its research reports.

4. Disclosure of Other Business Activities

• Research activities are managed independently from all other business operations.
• Any third-party products, educational services, or consultancy activities are conducted separately from RA business operations.
• Fees collected from independently managed businesses are not considered as fees for research services.

5. Related Party Transactions

• Kerdoss Trade India and its research analysts, or their relatives or associates, do not have any material conflict of interest at the time of publication of research reports.
• Kerdoss Trade India has not managed or co-managed any public offering of securities for any subject company in the past twelve months.
• Kerdoss Trade India has not received any compensation for investment banking, merchant banking, or brokerage services from any subject company in the past twelve months.

6. Mitigation of Conflicts

Kerdoss Trade India has implemented the following measures to identify, avoid, and mitigate conflicts of interest:

• Strict separation between research activities and any other business activities.
• All research reports include mandatory disclosures regarding conflicts of interest.
• Research analysts are prohibited from trading in securities they cover for a specified period before and after publishing research reports.
• Clients are promptly informed of any conflict of interest that may affect the services being rendered to them.

7. Disciplinary History

There has been no instance of any disciplinary action, penalty, or proceedings levied or passed by any regulatory or administrative agency against Kerdoss Trade India (INH000020730) or its partners and associates.

8. Reporting of Conflicts

If you believe there is a conflict of interest that has not been disclosed, or if you have any concerns regarding our research services, please contact us:

• Email: support@kerdoss.com
• Phone: +91 93609 15330
• Website: www.kerdoss.com

This disclosure is made in accordance with Regulation 19 of SEBI (Research Analysts) Regulations, 2014 and is updated as and when required. Date of Last Update: April 2026 For and on behalf of Kerdoss Trade India: Jabesh Bagdy Principal Officer SEBI RA Reg. No: INH000020730 kerdoss.com