Code Of Conduct

1

Honesty and Good Faith

I shall act honestly and in good faith.

2

Diligence

I shall act with due skill, care and diligence and shall ensure that the research report is prepared after thorough analysis.

3

Conflict of Interest

I 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 running

I shall not engage in insider trading or front running of my own research report.

5

Confidentiality

I shall maintain confidentiality of report till the report is made public.

6

Professional Standard

I am engaged in research analysis and shall observe high professional standard while preparing research report.

7

Compliance

I shall comply with all regulatory requirements applicable to the conduct of its business activities.

8

Responsibility of senior management

I shall bear primary responsibility of senior management for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures.