Code of Conduct

As per Regulation 24(2) of SEBI (Research Analyst) Regulations, 2014

PKC TRADING, a SEBI-registered Research Analyst entity (Registration No. INH000021836), hereby affirms its commitment to the highest standards of integrity, professionalism, and regulatory compliance. The following Code of Conduct outlines the guiding principles that govern all research activities undertaken by PKC TRADING:

1. Integrity and Good Faith

We shall act with integrity, honesty, and in the best interests of our clients at all times. We are committed to maintaining the trust placed in us by investors and stakeholders.

2. Due Diligence and Analytical Rigor

We shall exercise due care, skill, and competence in the preparation of all research reports. Every recommendation or insight shared shall be backed by diligent research, sound methodology, and accurate data interpretation.

3. Transparency in Conflict of Interest

We shall proactively identify and address any potential or actual conflicts of interest. All such conflicts shall be appropriately disclosed in research communications to ensure full transparency.

4. Prohibition of Insider Trading and Front Running

We shall strictly refrain from using non-public, price-sensitive information or engaging in front-running practices based on research yet to be published. All activities will adhere to SEBI’s insider trading regulations.

5. Confidentiality and Data Security

Research content and proprietary insights shall remain confidential until officially released. We uphold the confidentiality of client and market data in accordance with applicable laws.

6. Maintenance of Professional Standards

We are committed to upholding high professional and ethical standards in all aspects of research communication. Reports shall be clear, balanced, and free from misleading claims or exaggerated forecasts.

7. Regulatory Compliance

PKC TRADING shall fully comply with the SEBI (Research Analyst) Regulations, 2014, and all other applicable circulars, notifications, and directions issued by regulatory bodies from time to time.

8. Accountability of Senior Management

Senior management at PKC TRADING bears ultimate responsibility for ensuring a culture of compliance and ethical conduct. It is their duty to establish and monitor internal controls, processes, and training to uphold this Code.

Declaration:
By adhering to this Code of Conduct, PKC TRADING reaffirms its commitment to ethical advisory practices, investor protection, and regulatory integrity in the Indian securities market.