We would like to inform all stakeholders that an order has been issued by the Securities and Exchange Board of India (SEBI) in relation to an inspection matter pertaining to the period 2021–2022.

The matter primarily relates to certain procedural aspects, including record-keeping and compliance requirements, which have since been addressed.

During the referenced period, certain activities were undertaken as part of educational sessions. These practices have been discontinued, and appropriate corrective measures have been implemented to ensure full compliance with applicable regulations.

As per the order, there is a temporary suspension of registration for a period of one month. During this period, no research or advisory services are being offered.

We remain committed to maintaining the highest standards of transparency, compliance, and ethical practices in all our operations.