Schneider Electric Infrastructure Ltd

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Research Analysts or his/her relative's or Opulent or its associates does not have any financial interest in the subject company. Also Research Analysts or his/her relative's or Opulent or its associates may have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the research report. Research Analysts or his/her relative's or Opulent or its associates do not have any material conflict of interest in the subject company. Research Analysts have not served as officer, director, or employee in the subject company. Opulent or its Research Analysts has not been engaged in market making activity for the subject company.

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DISCLAIMER

Explanation of Investment Ratings
Expected return (over 12-month)

• BUY: >=10%
• HOLD: <-10%to +10%
• SELL: <10%

A graph of daily closing prices of securities is available at www.nseindia.com, www.bseindia.com.

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