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The information or material (including any attachment(s) hereto) (collectively, ⿿Information⿝) contained herein does not constitute an advice, offer, invitation, solicitation or an inducement to buy, sell or invest in any securities in any jurisdiction and Sicomoro Advisors Private Limited ⿿Sicomoro⿝ is not soliciting any action based upon information. Recipients of this information should not construe it to be investment advice unless and otherwise stated herein expressly and conduct their own investigation and analysis including that of the information provided before taking any action in this regard. This information is intended to provide general information on a particular subject or subjects and is not an exhaustive treatment of such subject(s). This information has been prepared on the basis of information obtained from publicly available, accessible resources and Sicomoro has neither independently verified all the information and is under no obligation to update the information. Accordingly, no representation or warranty, express, implied or statutory, is made as to accuracy, completeness or fairness of the contents and opinion contained herein. The information can be no assurance that future results or events will be consistent with this information. Any decision or action taken by the recipient based on this information shall be solely and entirely at the risk of the recipient. The distribution of this information in some jurisdictions may be restricted and/or prohibited by law, and persons into whose possession this information comes should inform themselves about such restriction and/or prohibition, and observe any such restrictions and/or prohibition. Unauthorized disclosure, use, dissemination or copying (either whole or partial) of this information, is prohibited. Sicomoro will not treat the recipient/user as a customer by virtue of their receiving/using this report. Neither Sicomoro nor its affiliates, directors, employees, agents or representatives, shall be responsible or liable in any manner, directly or indirectly, for the contents or any errors or discrepancies herein or for any decisions or actions taken in reliance on the information. The person accessing this information specifically agrees to exempt Sicomoro or any of its affiliates or employees from, any and all responsibility/liability arising from such misuse and agrees not to hold Sicomoro or any of its affiliates or employees responsible for any such misuse and further agrees to hold Sicomoro or any of its affiliates or employees free and harmless from all losses, costs, damages, expenses that may be suffered by the person accessing this information due to any errors and delays. The information contained herein is based on publicly available data or other sources believed to be reliable and for the exclusive purpose of transactions to be carried out within the territorial jurisdiction of India and all such transactions shall be governed by the laws in India. Sicomoro may not have conducted any suitability analysis prior to dissemination of such information and the recipient should therefore seek advice of their independent financial advisor prior to taking any investment decision based on information. Sicomoro and/or its affiliates and/or employees/ analysts may have interests/positions, financial or otherwise in securities mentioned here. Sicomoro has other business units with independent representatives separated by 'Chinese walls' catering to different sets of customers having varying objectives, risk profiles, investment horizon, etc. and therefore may have contrary views.

Statutory Information:
Sicomoro Advisors Private Limited
Corporate Investment Adviser Registration no. INA000009834, Validity of Registration: Feb 15, 2018 - Perpetual,
Address: 102, 1st Floor, Pharma Search House, B. G. Kher Marg, Worli, Mumbai 400 018, Contact: 022 49636131,
Principal Officer: Mr. Amit Khandelwal (Call: 022 49636131 | E-mail: amit.khandelwal@sicomoro.in),
SEBI Regional Office: SEBI Bhavan, Plot No. C-4 A, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400 051 .