Voltamp Transformers 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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The report is based on the facts, figures and information that are considered true, correct, reliable and accurate. The source of the data is from ACE Equity. The information is obtained from publicly available media, Company website www.voltamptransformers.com or other sources believed to be reliable. Such information has not been independently verified and no guaranty, representation of warranty, express or implied, is made as to its accuracy, completeness or correctness. All such information and opinions are subject to change without notice. The report is prepared solely for informational purpose and does not constitute an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments for the clients. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. Opulent will not treat recipients as customers by virtue of their receiving this report.

DISCLAIMER

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

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

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