Beeline Broking Ltd maintains www.Beelinebroking.com (hereinafter referred to as the "Website") and owns, has the license to use or otherwise has the right to use, free of any pending or threatened liens, all content, graphics, HTML and ASP or other scripts displayed and used on the Website.

• Beeline has launched and established an online trading service on the Website (hereinafter referred to as the "Service"). Beeline has exclusive and sole discretion to select the Customers who would be entitled to use access and benefit out of the Service.
• Beeline also reserves the absolute right and discretion to decide on the criteria for selecting the Customers to participate in the Service offered hereunder.
• The offering of the Service is subject to the requisite permissions, approvals, licenses and any other clearance from the appropriate regulatory authority viz., Securities and Exchange Board of India, National Stock Exchange of India Limited, Stock Exchange, Mumbai and any other relevant authority that may be the regulatory authority of the Service. The Service offered by Beeline envisages a Customer registering as a client.
• This Service on the Website does not constitute an offer to sell or a solicitation to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. This Service is not intended to be any form of an investment advertisement, investment advice or investment information and has not been registered under any securities law of any foreign jurisdiction and is only for the information of any person in any jurisdiction where it may be lawful to provide such information, otherwise the same shall not be considered an information. The distribution of this Service or content in other jurisdictions may be restricted by law and the persons who access the Service should inform themselves about, and observe any such restrictions. By accessing and surfing this Website, the Customer agrees to be bound by the foregoing limitations.
• No information, market analysis, research report, etc. on the Website is to be construed as a representation with respect to shares, securities or other investment regarding the legality of an investment therein under the respective applicable investment or similar laws or regulations of any person or entity accessing the Website.
• This Service is provided on an "As Is" basis. Beeline, disclaim any warranty of any kind, imputed by the laws of any jurisdiction, whether express or implied, as to any matter whatsoever relating to the Service, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non infringement. Beeline and the Service and the Offer are subject to the jurisdiction only of the courts of the Republic of India at Ahmedabad.
• Use of the Service is at any person, including a Customers, own risk. The data and information provided on the Website is not advice, professional or otherwise, and should not be relied upon as such. Neither the information, nor any opinion contained in this Website constitutes a solicitation or offer by Beeline to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. Beeline or their employees have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and companies mentioned herein. The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors as they believe necessary. Information herein is believed to be reliable but Beeline does not warrant its completeness or accuracy. The content of the articles and the interpretation of data are solely the personal views of the contributors and do not in any way reflect the views of Beeline. Users are advised to peruse the articles and other data in the Website only as information and to rely on their own judgment when making investment decisions.
• Neither Beeline nor its Affiliates shall be precluded from making any contract or entering into any arrangement or transaction with the companies mentioned herein or with itself in the ordinary course of business or from undertaking any banking, financial or agency services for the companies or for itself or from underwriting or guaranteeing the subscription of or placing or subscribing for or otherwise acquiring, holding or dealing with any of the stocks or shares or debentures or debenture stocks or any other securities whatsoever of the companies or in which the companies may be interested, either with or without a commission, or other remuneration or otherwise, at any time entering into any contract of loan or deposit or any other contract or arrangement or transaction with the companies or being concerned or interested in any such contract or arrangement or transaction which any other company or person would be entitled to enter into with the companies and they shall not be in anyway liable to account either to the companies or any person visiting or accessing the Website including a Customer of the Service for any profits made by them thereby or in connection therewith and the Beeline or its owner or Affiliate shall also be allowed to retain for their or his own benefit any customary share of brokerage, fee, commission, interest, discount or other compensation or remuneration allowed to them.
• Beeline along with its directors, employees, associates or other representatives and its Affiliates along with its directors, employees, associates or other representatives shall not be liable for damages or injury arising out of or in connection with the use of the Website or its non-use including non-availability, compensatory, direct, indirect or consequential damages, loss of data, income or profit, loss of or damage to property (including without limitation loss of profits, loss or corruption of data, loss of goodwill, work stoppage, computer failure or malfunction, or interruption of business; under any contract, negligence, strict liability or other theory arising out of or relating in any way to the Website, site-related services, or any products or services and claims of third parties damages or injury caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information, whether resulting, in whole or in part, from or relating to any of the services offered or displayed by Beeline on the Website.
• Beeline makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content on the Website. Beeline shall not be responsible for the contents of any linked site or any link contained in a linked site, or any changes or updates to such sites. The links being provided to the Customer are only for convenience, and the inclusion of any link does not imply endorsement by Beeline of the site, or its content or the sponsoring organization. By providing access to other website., Beeline is not recommending the purchase or sale of the securities issued by it nor is it an endorsement of services provided by its sponsoring organization.
• The maximum liability of Beeline to its clients shall be subject to the amount of fees paid by the clients for the services that he/she may have availed of through the Website or in pursuance of the Offer or the Service.
• Beeline shall not be liable for any misrepresentation, falsification, and deception or for any lack of availability of services through the Website, even if the same are advertised for on the Website.
• No judgment or warranty or representation is made with respect to the accuracy, timeliness, or suitability of the content of other services or sites to which these screens link, and Beeline shall not be responsible there for.
• Beeline shall not be liable if the Customer downloads any information or software from this Website. Beeline shall not be liable if the Customer makes a copy, modifies, uploads, downloads, transmits, (re) publishes it or removes or obscures any intellectual property, including trademarks, copyright or other notices or legends contained in any such information or otherwise distributes any service or content from this Website. Beeline shall not bear the responsibility if the Customer modifies or uses the content or services he/she gets from this Website for any purpose other than those permitted, and in doing so violates the intellectual property including trademarks, copyright and other proprietary rights of Beeline.
• The Website contains features of the services that are currently being offered by the Beeline and those intended to be offered in the future. Beeline intends to launch the services confirming with the features listed on the Website in to, however due to business need and regulatory requirement the final launch may contain variations. Notwithstanding anything contained in the Website regarding the services, Beeline may decide to postpone the offering of the services or may even decide to withdraw the offering or even a currently offered service altogether.
• This disclaimer shall be applicable to any person visiting/accessing the Website and/or a Customer entering into an agreement related to availing of the Service offered by Beeline.
• The display, description or references to any products, services, publications or links on the Website shall not constitute an endorsement by Beeline of such products, services, publications or links.
• The service is proposed to be offered for investment in Stock traded on NSE & BSE.
• This service is being offered to only resident of India & presently not available to foreign residents including Non Resident Indians (NRIs) in foreign jurisdictions where the services cannot be offered without prior regulatory compliances.
• The use of this services is at User's Own Risks.
• Orders accepted during off markets hours will be sent to exchange on opens on next trading day. Beeline does not take any responsibility for any delay in acceptances/ execution or non-execution of the order by the exchange.
• Trading on NSE/BSE is in electronic mode, based on satellite / leased line this communication, combination of technologies and computer system to place and route orders. thus, there exists a possibility of communication failure or system problems or slow or delayed response from system or trading half or any such other problem/ glitch whereby not able to establish access to the trading system/network, which may be beyond the control of and may result in delay in processing or not processing buy or sale orders either in part or full, for any such eventualities Beeline shall not be responsible.
• "The Stock Exchange Mumbai is not any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-Laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time. The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this website or for any services rendered by us, our employees and our servants.

Beeline Broking Ltd maintains www.Beelinebroking.com (hereinafter referred to as the "Website") and owns, has the license to use or otherwise has the right to use, free of any pending or threatened liens, all content, graphics, HTML and ASP or other scripts displayed and used on the Website.

Beeline Broking Ltd. (hereinafter BBL), is engaged in services of retail broking, credits, marketing investment products including mutual funds, life & general insurance and as such prepares and shares research data and reports periodically with clients, investors, stake holders and general public in compliance with Securities and Exchange Board of India Act, 1992, Securities And Exchange Board Of India (Research Analysts) Regulations, 2014 and/or any other applicable directives, instructions or guidelines issued by the Regulators from time to time. Research report is a written or electronic communication that includes research analysis, research recommendation or an opinion concerning securities or public offer, providing a basis for investment decisions.

Research data and reports published/ emailed/ text messaged via Short Messaging Services, Online Messengers, WhatsApp etc/transmitted through mobile application/s, including but not limited to FLIP™, Video Widget, telephony networks, print or electronic media and or those made available/uploaded on social networking sites (e.g. Facebook, Twitter, LinkedIn etc) by BBL or those recommendation or offers or opinions concerning securities or public offer which are expressed as and during the course of “Public Appearance” are for informational purposes only.

The reports include projections, forecasts and other predictive statements which represent BBL’s assumptions and expectations in the light of currently available information. These projections and forecasts are based on industry trends, circumstances and factors which involve risks, variables and uncertainties. The actual performance of the companies represented in the report may vary from

those projected. The projections and forecasts described in this reports should be evaluated keeping in mind the fact that these-

• are based on estimates and assumptions
• are subject to significant uncertainties and contingencies
• will vary from actual results and such variations may increase over a period of time
• are not scientifically proven to guarantee certain intended results
• are not published as a warranty and do not carry any evidentiary value.
• are not based on certain generally accepted accounting principles
• are not to be relied on in contractual, legal or tax advice.

Reports based on technical analysis is focused on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on a company's fundamentals. Though we review the research reports for any untrue statements of material facts or any false or misleading information, , we do not represent that it is accurate or complete and it should not be relied on in connection with a commitment or contract

whatsoever. Because of the possibility of human, technical or mechanical error by our sources of transmission of Reports/Data, we do not guarantee the accuracy, adequacy, completeness or availability of any information and are not to be held responsible for any errors or omissions or for the results obtained from the use of such information.

The reports are not for public distribution. Reproduction or dissemination, directly or indirectly, of research data and reports of BBL in any form is prohibited except with the written permission of BBL. Persons into whose possession the reports may come are required to observe these restrictions. Opinions expressed therein are our current opinion as of the date appearing on the report only. Data may be subject to update and correction without notice. While we endeavour to update on a reasonable basis the information discussed in the reports, there may be regulatory, compliance, or other reasons that prevent us from doing so.

Certain transactions - futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for all investors. Investors may lose his/her entire investment under certain market conditions. Before acting on any advice or recommendation in this material, investors should consider whether it is suitable for their particular circumstances and, if necessary, seek professional advice. The price and value of investments referred to in research reports and the income from them may fluctuate. Transaction costs may be significant in option strategies calling for multiple purchase and sales of options. Foreign currencies denominated securities are subject to fluctuations in exchange rates that could have an adverse effect on the value or price of or income derived from the investment.

The opinions expressed in the reports are subject to change but we have no obligation to tell our clients when our opinions or recommendations change. The reports are non-inclusive and do not consider all the information that the recipients may consider material to investments. The reports are issued by BBL without any liability/undertaking/commitment on the part of itself or any of its entities.

• No disciplinary action has been taken against the research analyst or BBL by any authority in connection with their respective business activity.
• No disciplinary action has been taken against the research analyst or BBL by any authority in connection with their respective business activity.
• BBL, Research analysts, persons reporting to research analysts and their relatives may have actual/beneficial ownership of 1% or more in the subject company’s securities, at the month immediately preceding the date of publication of this research report.
• Past performance is not a guide for future performance, future returns are not guaranteed and investors may suffer losses which may exceed their original capital.
• The user should consult their own advisors to determine the merits and risks of investment and also read the Risk Disclosure Documents for Capital Markets and Derivative Segments as prescribed by Securities and Exchange Board of India before investing in the IndianMarkets.