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Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument. You shall not be treated as customer by virtue of receiving this document. Investments in securities are subject to market risks. The value of investments may be affected generally by factors affecting financial markets, such as price and volume, volatility in interest rates, currency exchange rates, changes in regulatory and administrative policies of the Government or any other appropriate authority (including tax laws) or other political and economic developments. Consequently, there can be no assurance of returns. The value of the securities may fluctuate and can go up or down. Neither our company, nor its directors, employees, trainers or coaches shall be in any way liable for any claim for any losses (notional or real) or against any loss of opportunity for gain. Please note that past performance of the financial products, instruments and the strategies or training content does not necessarily indicate the future prospects and performance thereof. The recipients of this communication are not being offered any guarantee of returns. Please read all offer documents and information memoranda of securities carefully before investing. The strategies or financial products or ideas discussed in the trainings may not be suitable for all investors and would depend on the risk appetite and investment objectives of the investor. The services mentioned in this document are not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, or which would subject our company and affiliates to any registration or licensing requirement within such jurisdiction.

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This e-mail message may contain information, which is confidential, proprietary, legally privileged or subject to copyright. It is intended for use only by the individual or entity to which it is addressed. If you are not the intended recipient or it appears that this mail has been forwarded to you without proper authority, you are not authorized to access, read, disclose, copy, use or otherwise deal with it and any such actions are prohibited and may be unlawful. The recipient acknowledges that Sharekhan Limited or its subsidiaries, (collectively "Sharekhan "), are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Sharekhan . Sharekhan does not accept liability for any errors, omissions, viruses or computer problems experienced as a result of this email. Before opening any attachments please check them for viruses and defects. If you have received this e-mail in error, please notify us immediately at mailadmin@sharekhan.com and delete this mail from your records.

Compliance Officer: Ms. Binkle R. Oza

Email ID: complianceofficer@sharekhan.com

Tel: 022-62263303.