Sudattha Rao, operating under Sudattha Wealth, is a SEBI Registered Research Analyst bearing Registration Number INH000028343.

In accordance with Regulation 24(2) of the SEBI (Research Analysts) Regulations, 2014, the following Code of Conduct shall be followed:

1. Honesty and Good Faith
Sudattha Wealth shall act honestly and in good faith while carrying out research activities and providing research services.

2. Diligence
Sudattha Wealth shall act with due skill, care and diligence and shall ensure that research reports are prepared after thorough analysis.

3. Conflict of Interest
Sudattha Wealth shall appropriately identify and address conflicts of interest that may affect the impartiality of research analysis or research reports and shall make appropriate disclosures wherever required.

4. Insider Trading or Front Running
Sudattha Wealth shall not engage in insider trading or front running, including front running of its own research reports.

5. Confidentiality
Sudattha Wealth shall maintain the confidentiality of research reports until such reports are made public or communicated in accordance with applicable requirements.

6. Professional Standards
Sudattha Wealth shall maintain high professional standards while conducting research analysis and preparing research reports.

7. Compliance
Sudattha Wealth shall comply with all regulatory requirements applicable to its research activities and business operations.

8. Responsibility of Senior Management
The person(s) responsible for the management and operations of Sudattha Wealth shall bear primary responsibility for maintaining appropriate standards of conduct and adherence to proper procedures.

Regards,
Sudattha Rao
SEBI Registered Research Analyst
Registration No.: INH000028343
Sudattha Wealth

This closely follows the substance of SEBI’s Third Schedule while making the language appropriate for Sudattha Wealth. SEBI’s current regulations listing shows the Research Analysts Regulations, 2014 as last amended on November 25, 2025.