Disclosure

Disclosure

Introduction

We prepared this Disclosure Document according to the SEBI (Research Analysts) Regulations, 2014.
The document provides important information about our research and recommendation services.Therefore, prospective clients can review these details and make informed decisions before using our services.In this document, the term “Research Analyst” refers to Capital Life Research.

About the Research Analyst

History and Background

Capital Life Research holds registration with the Securities and Exchange Board of India (SEBI) under registration number INH000022163.SEBI granted this registration on 28 July 2025. Since then, the firm has provided research and recommendation services to investors.

Business Activity

Our primary focus is to deliver research-based insights and investment recommendations.
Additionally, we align our interests with those of our clients.We also aim to support investors with well-researched market guidance. As a result, clients can make better financial decisions.

Terms and Conditions

Our Terms and Conditions document explains the complete structure of our research and recommendation services.Therefore, clients should review this document carefully before subscribing to our services.

Disciplinary History

There are no pending material litigations or legal proceedings, findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against the Research Analyst or its associates or relatives.

Associates

Capital Life Research currently does not have any associates.Research and Recommendation Disclosures

Financial Interests

The Research Analyst, its associates, or relatives may hold financial interests or beneficial ownership of one percent or more in securities mentioned in research reports.

These holdings refer to positions in personal portfolios at the end of the month preceding the research report or public appearance.
In such cases, we disclose these holdings at the time of recommendation.

Conflict of Interest

Currently, no conflict of interest exists between the Research Analyst and the issuers of the recommended securities.

However, if a conflict arises in the future, we will disclose it to the client immediately.

Compensation Disclosure

The Research Analyst and its associates have not received any remuneration from the issuers of the securities mentioned in research reports.

Additionally, the Research Analyst has not received compensation from the subject company during the past 12 months.

The Research Analyst has also not managed or co-managed any public offering of the subject company during the past twelve months.

Banking or Brokerage Services

The Research Analyst and its associates have not received compensation for investment banking, merchant banking, or brokerage services from the subject company during the past twelve months.

Furthermore, the Research Analyst has not received any benefits or compensation from any third party related to the research report or recommendations.

Relationship with Subject Company

The subject company is not a current client of the Research Analyst or its associates.
Moreover, the company has not been a client during the twelve months preceding the distribution of the research report.

The Research Analyst and its associates have not served as officers, directors, or employees of the subject company.

In addition, the Research Analyst has not engaged in market-making activities for the subject company.