The directions issued by SEBI vide its circular no. SEBI/MRD/SE/Cir- 42 /2003 dated November 19, 2003, regarding the disclosure of proprietary trading by broker to client, it has been decided that every broker shall disclose to his client whether he does client based business or proprietary trading or both.
Accordingly, We M/s Moneylicious Securities Private Limited / Moneylicious Capital and Advisory Services Private Limited, hereby declare that currently we are doing Client based business and proprietary trading as well. By Proprietary trading, we mean carrying or executing the trades/orders on our own account (Proprietary Account).
The same may please be noted.