Disclaimer and Disclosures

Possibility of Loss

Market risks may result in partial or permanent loss of investments under certain market conditions.

Illustrative Purposes Only

Securities mentioned are presented solely for illustrative purposes. They do not constitute investment advice or recommendations in any form.

SEBI Registration Disclaimer

Registration granted by SEBI and certification from NISM do not guarantee the performance of the intermediary, nor assure returns to investors.

Past Performance Warning

Past performance is not indicative of future results. Investments are subject to market risks, and historical returns should not be relied upon as a basis for future investment decisions.

Risk Associated with Open Positions

Our recommendations may involve open positions without specifying stop-loss levels or target prices, meaning portfolios are exposed to potentially significant losses from adverse market movements or unexpected company-specific events. Without predefined exit points, the risk of substantial capital erosion increases materially.

Important Notice for Investors and Traders

Please refrain from asking about the specific amount or lot size required for investing in a security. As per RA regulations, we are not permitted to disclose this. We may provide general guidance on request, but any future liabilities or losses resulting from our recommendations remain your responsibility. Invest according to your own risk tolerance.

Fee Payment and Investor Protection

• All service fees must be paid only via our official website, verified bank/payment-gateway channels, or verified UPI.
• The Centralised Fee Collection Mechanism (CeFCoM), where applicable.
• Payments made to personal accounts or unauthorised third parties will not be acknowledged, and no liability will arise from such payments.

No third party or employee is authorised to offer return guarantees. Report any such activity to our Compliance Officer at ra.vanshikadutt@outlook.com and to SEBI immediately.

No Warranties on Accuracy or Results

We do not guarantee the accuracy, completeness or reliability of any information or content on our platform or in our reports, including warranties of merchantability or suitability for an investor’s purpose.

No Claims for Losses from Recommendations

By the nature of investment risk, investors cannot claim compensation for losses incurred based on our research recommendations. All investment decisions and their consequences remain the sole responsibility of the investor.

Options Trading Risk

Options trading — including strategies referred to as high-risk, short-duration calls — involves high capital risk and carries a high probability of total capital loss due to the leveraged and time-bound nature of derivatives. Futures & Options (F&O) trading must be undertaken strictly in line with your personal risk appetite and financial capacity, and is intended for experienced market participants who understand the volatility and complexity of options markets.

Scope of Services

We provide research analysis and securities-specific recommendations. We do not offer:

• Portfolio management services (PMS)
• Personalised account handling
• Profit-sharing arrangements
• Investment advisory based on individual risk profiling

Investors are responsible for their own investment decisions and should consult a registered investment adviser for personalised financial planning.

Report Unethical Practices

If you observe misleading claims, unauthorised fee collection, or unethical conduct involving our services or brand, report it directly to our compliance team at ra.vanshikadutt@outlook.com, or to SEBI toll-free on 1800 22 7575 / 1800 266 7575.

Disclosure of Material Information

We are engaged in the business of providing independent equity research services, offering Buy / Sell / Hold recommendations and other investment opinions in the form of research reports, analysis and market commentary. We are registered with SEBI as a Research Analyst under the SEBI (Research Analyst) Regulations, 2014. All recommendations are made in good faith, based on data believed reliable at the time of publication. Investors are advised to use discretion and consult certified professionals before making financial decisions.

Disciplinary History Statement

Vanshika Dutt (SEBI Reg. No. INH000022251), and its associates, have a clear and unblemished record. There have been no instances of disciplinary action, penalties, or sanctions passed by any regulatory or administrative authority. This statement is made in accordance with SEBI (Research Analyst) Regulations, 2014 disclosure requirements.