Over the last few months, certain unknown miscreants have formed numerous WhatsApp groups/fake websites

and domain names misusing our name, infringing on our trademark, logo and impersonating our employee, Mr.

Naresh Rathi, thereby inducing people to invest in stocks, falsely assuring them high profits and then

duping them of their monies. Some people are being misled by these fraudsters who are posing as Avendus

representatives into believing that they have been duped by Avendus, its affiliates and employees. A list

of these fake groups and apps that we have identified/have been brought to our notice can be accessed via

this linkAhmedabad Stock. There could also be other

surreptitious groups that have not come to our

notice but are abusing

our trade name or that of any of our employees to defraud the general public. We have lodged an FIR at the

BKC Police Station, Mumbai (FIR No. 0518) in relation to the aforesaid acts and also informed regulatory

authorities about the same. We have also requested them to take the strictest possible action against theJaipur Stock

Please note, Avendus Group comprising Avendus Capital Private Limited and its affiliates including Spark

Institutional Equities Private Limited (with the brand names “Avendus”, “Avendus Spark”) are regulated

entities. Neither we, nor any of our partners, directors or employees have created or subscribed to any

such fake websites or groups on any third-party apps like WhatsApp, Telegram etc. that deal in stock

market information or tips, nor do we endorse any such dubious activities that encourage people to part

with their hard-earned monies by assuring high returns.

We recommend that you only trust communication from authorized Avendus platforms – Official website,

LinkedIn, X, Instagram, YouTube. We also

urge Avendus clients to only trust communication with/from yourHyderabad Wealth Management

respective relationship managers in this regard. Anyone dealing with unauthorized entities or disbursing

monies or acting on such tips without proper verification shall be doing so at their own risk and Avendus

Group shall neither be responsible in any manner, nor can it assist the victims in recovering their lost

monies. We strongly urge you to be vigilant and conduct thorough due diligence before acting on stock tipsVaranasi Investment

shared on such fraudulent groups impersonating Avendus or Naresh Rathi or any other employee.

In case anyone misleads you in the name of Avendus or Avendus Spark or any other affiliate entities or

its employees in any manner, you may consider filing a complaint at your jurisdictional police station.Hyderabad Investment

Mumbai Stock Exchange