Disclosure

This Disclosure Document has been prepared in accordance with the SEBI (Research Analyst) Regulations, 2014 (“Regulations”) to provide essential information about the research and recommendation services offered by Money Bells Global Research Services Private Limited (“Money Bells Research Analyst”). It aims to help prospective clients make well-informed decisions before subscribing to any service.

**2.1 History, Present Business & Background** Money Bells Research Analyst is registered with SEBI under Registration No. INH100009901, granted on June 21, 2022. The company provides technical and fundamental research on equity and derivatives, enabling clients to make informed financial decisions. **2.2 Nature & Mode of Services** All research and recommendation services are delivered exclusively via the official mobile application of Money Bells. No services are currently offered via SMS or other third-party channels.

A monetary penalty of INR 7,00,000 (Seven Lakhs) was imposed by SEBI after an inspection. The order was issued under Order No. order/AN/SM/2024-25/31351.

Money Bells Research Analyst does not have any associates or related entities that influence or participate in the research and recommendation services provided.

The Research Analyst, Research Entity, or their associates or relatives may hold financial interest or actual/beneficial ownership of 1% or more in securities recommended, as of the end of the month immediately preceding the date of the research report or public appearance. These will be disclosed at the time of individual advice. There are no actual or potential conflicts of interest due to any association with the issuer of the recommended securities. If any conflict arises, it will be disclosed immediately to the client. The Research Analyst, Research Entity, and their associates or relatives: * Have not received any compensation from the subject company in the last 12 months. * Have not co-managed or managed public offerings of the subject company in the last 12 months. * Have not received compensation for investment banking, merchant banking, brokerage services, or any other services from the subject company. * Have not received any third-party remuneration in connection with the research reports or recommendations. The subject company has not been a client of the Research Entity, Analyst, or associates during the twelve months prior to the research report. The Research Analyst, or their associates/relatives: * Have not served as directors, officers, or employees of the subject company. * Are not engaged in market-making activities of the subject company. * May or may not hold securities that are recommended in research reports or trade advisories. There are no relationships or associations with issuers of the recommended products/securities that may impair the objectivity of the research.

* **SL (Stop Loss):** A predetermined price level to exit a trade to prevent further losses. For long positions, it's set below the purchase price; for short positions, above. * **TG (Target):** The intended price at which an asset is sold to realize profit. * **CMP (Current Market Price):** The most recent trading price of a security in the market. * **CE (Call Option):** A contract giving the buyer the right (not obligation) to buy an underlying asset at a preset price within a certain time. * **PE (Put Option):** A contract giving the buyer the right (not obligation) to sell an asset at a predetermined price within a specific timeframe. * **INTRABTST:** Refers to Intraday trading (same-day buy/sell) and Buy Today, Sell Tomorrow strategies. * **BTST (Buy Today, Sell Tomorrow):** A strategy where securities bought today are intended to be sold the next day before delivery. * **Weekly (7 Days):** Generally denotes weekly option contracts or trades that expire within 7 days. * **Hero Ya Zero (100% Risk):** High-risk options where the entire premium may be lost if the position fails to turn profitable.

**Support & Resistance Levels:** Support is a price level at which buying interest is expected to prevent further price declines. Resistance is a level where selling interest may prevent price advances.

Usage of Money Bells’ services implies agreement to our Refund Policy, Terms & Conditions, and Disclaimer, available on our website. SEBI registration, BASL membership, or NISM certification does not imply assurance of performance or returns. All recommendations are for educational and illustrative purposes unless explicitly stated as buy/sell calls. Investments in the stock market are subject to risk, including the possible loss of capital. Clients are urged to assess their personal financial conditions before acting. **Important Legal Notice:** Money Bells Global Research Services Pvt. Ltd., its directors, employees, agents, and associates shall not be liable for any direct or indirect loss, whether financial, emotional, or physical, including loss of life or property, arising out of use of its services, decisions made based on recommendations, or the use of its platform.

AI-based indicators and tools provided via the website or app are not authenticated or guaranteed for accuracy or effectiveness. These are for supplementary use only and should not be the sole basis for investment decisions. Decisions made using these tools are entirely at the discretion of the user. Money Bells is not responsible for any resulting losses.

All disputes arising from the use of services will be subject to the exclusive jurisdiction of courts in Delhi, India.