Disclaimer

a) Statistical models and algorithms: The forensic analysis utilizes algorithmic automation and established statistical frameworks (such as the Altman Z-Score, Beneish M-Score, Piotroski F-Score, and Dechow F-Score) to parse financial datasets. Fraudopedia Private Limited does not discuss such analysis or reports with an entity prior to publication.

b) No accusation or verdict: A high-risk score, mathematical alert, or risk flag indicator does not constitute a legal determination, absolute proof, or formal accusation of financial fraud, corporate malpractice, siphoning, or regulatory non-compliance by the evaluated entity.

c) No operational guarantee: Conversely, a low-risk score or the absolute absence of red flags does not guarantee the financial health, commercial viability, future operational stability, or absolute governance integrity of any enterprise.

d) Explicit exclusion of advice: The Platform, its algorithms, data feeds, and reports are strictly for informational, research, screening, and educational purposes. This analysis does not constitute investment advice and investors should not rely on it for investment or other purposes. No warranty is made as to the completeness, accuracy or utility of this analysis. Nothing contained within this Platform constitutes investment advice, a recommendation, a solicitation, or an endorsement to purchase, sell, short, or hold any security, equity, derivative, or financial instrument under the regulatory purview of the Securities and Exchange Board of India (SEBI) or any other global regulator.

e) Permanent non-registration status: Fraudopedia Private Limited is not registered, has never been registered, and does not intend to apply for registration as an Investment Adviser under the SEBI (Investment Advisers) Regulations, 2013, or as a Research Analyst under the SEBI (Research Analysts) Regulations, 2014. No operational element of the Platform should be interpreted as an implicit or explicit attempt to act as a fiduciary adviser or regulated research entity.

f) Scope of coverage: The tool restricts its investigative parameters strictly to corporate equities. This encompasses public equities listed on Indian stock exchanges (BSE and NSE) and unlisted companies.

g) Source documentation: The underlying data is drawn dynamically or manually from public-domain portals, primarily annual reports published by companies, statutory filings submitted to the Ministry of Corporate Affairs (MCA) / Registrar of Companies (ROC) and Securities Exchange Board of India (SEBI), periodic financial disclosures uploaded to the BSE and NSE and data and information releases by National Financial Reporting Authority (NFRA), Central Bureau of Investigation (CBI), Reserve Bank of India (RBI), United States Securities Exchange Commission (SEC) and similar regulatory agencies in India and other countries, as relevant.

h) B2C retail usage: Subscriptions provisioned to retail individual users are strictly for personal, non-commercial research. Sharing account access, automated scraping, or external dissemination of analytical reports generated by the tool is strictly prohibited.

i) B2B enterprise usage: Institutional or corporate subscriptions permit internal analytical review and risk management verification. However, analytical outputs, forensic scores, and generated reports cannot be repackaged, white-labeled, or sold as proprietary research to external third parties without explicit, written contractual clearance from Fraudopedia Private Limited.

j) Exclusion of damages: To the maximum extent permitted by applicable Indian legislation, the Platform, Fraudopedia Private Limited, its operating directors, shareholders, employees, and software architects shall not be held liable for any direct, indirect, incidental, collateral, consequential, special, or punitive financial losses, lost market opportunities, trading drawdowns, or capital destruction arising out of the use, misuse, or inability to use the forensic screening tool.

k) Market risk acknowledgement: Equity investment — across both public listed markets and private unlisted securities — are subject to financial risks, market risks, liquidity constraints, and regulatory vulnerabilities. Capital allocated to these assets is subject to volatile price movements, regulatory interventions, and complete economic loss.

l) Governing law: This legal disclaimer, terms of access, and all operational relationships emerging from your B2B or B2C subscription shall be exclusively governed by, interpreted, and enforced in accordance with the substantive laws of the Republic of India. Any formal legal challenge, dispute, arbitration, or litigation arising out of or in connection with the Platform's analytical output shall be subject to the exclusive jurisdiction of the courts at Bengaluru, Karnataka.