Annual Audit Report and ATR

SEBI RA Reg. No. INH000019284 · Last updated: October 2026

1. Annual Audit Report

As a SEBI Registered Research Analyst, we are required to get an annual audit conducted in respect of compliance with SEBI (Research Analysts) Regulations, 2014, and to make the audit report available to investors.

2. Action Taken Report (ATR)

The Action Taken Report sets out the steps taken to address the observations raised in the Annual Audit Report, and is submitted along with the audit report as required under the applicable SEBI circulars.

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Amarlal Bhatia – SEBI Registered Research Analyst | Reg. No. INH000019284
Shop No.18, Auda Market, Opp. Shikarpuri Sweets, Sardarnagar, Ahmedabad – 382475
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