The market
Start with the tape. Where the index and the sector sit in their own cycle, where money is moving, and what the calendar holds — because the best business in the market can still be the wrong position this month.
Vikas GargSEBI Registered Research Analyst
Insights today for a better tomorrow.
Standard warning: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Standard disclaimer: Registration granted by SEBI, enlistment with BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
The analyst
Independent research, without the noise.
I am Vikas Garg, a Research Analyst registered with the Securities and Exchange Board of India under Registration No. INH000029388, working out of Jaipur, Rajasthan.
My work is simple to describe and deliberately narrow: study listed companies and their price behaviour, form a view that can be defended with evidence, and put that view in writing — with the reasoning, the risk and the time horizon stated openly. Nothing is sold on excitement, and nothing is dressed up as a certainty.
I am not affiliated with any broker, distributor or other intermediary, and I receive no brokerage, commission or referral consideration from anyone. That matters, because it means a recommendation exists only when the research supports it — not because someone else is paying for it to exist.
Research services are provided strictly as research. I do not handle your money or your securities, I do not trade on your behalf, and I never ask for access to your trading, demat or bank account.
INH000029388SEBI Research Analyst registration
03 Aug 2026Registered as an Individual
PerpetualValidity of registration
NilOutstanding litigation or disciplinary history
At a glance
- Name
- Vikas Garg
- Type of registration
- Individual
- SEBI Registration No.
- INH000029388
- Validity
- 03 Aug 2026 — Perpetual
- BSE (RAASB) Enlistment No.
- 7420
- Certification
- NISM Series XV — Research Analyst
- Principal / Compliance Officer
- Vikas Garg
- Telephone
- +91 98294 37082
- Registered office
- Sarvendra Prasad Garg, B-1, Saraswati Colony, Tonk Phatak Puliya, Jaipur, Rajasthan 302015
Verify this registration on the SEBI website under Intermediaries → Research Analysts.
How the research is done
Stock market research, in four passes
Every idea goes through the same four steps, in the same order. A view that cannot survive all four does not get published.
The business
Then the company itself: filings, results, margins, debt, promoter holding and what the valuation already assumes. Published sources only — no tips, no channels, no borrowed conviction.
The chart
Price decides when the market is willing to agree with you. Trend, volume and the levels that define the trade — entry, stop-loss and target, so the risk is a number rather than a feeling.
The call
Only then a written recommendation — with the horizon, the counter-argument, and the level at which the idea is simply wrong. Reviewed as the facts change, and said plainly when a view is closed.
Know before you subscribe
What a Research Analyst can and cannot do
Under the SEBI (Research Analysts) Regulations, 2014 the boundaries are set by law — not by preference. Here they are, plainly.
I can
Activities permitted to a registered Research Analyst.
- Prepare and publish research reports on listed securities.
- Make buy / sell / hold recommendations on securities.
- Give price targets and a defined time horizon.
- Offer an opinion on public offers — IPO, FPO, offer for sale, buy-back, takeover, delisting.
- Recommend a model portfolio, disclosed true-to-label with its benchmark and rebalancing rules.
- Provide trading calls, including intraday and positional setups.
- Use Artificial Intelligence tools in the course of producing research — disclosed to you upfront.
The scope of “securities” is as defined in section 2(h) of the Securities Contracts (Regulation) Act, 1956.
I cannot
Hard limits. If anyone claiming to be an RA offers you these, walk away.
- Execute any trade — buy or sell — on your behalf. Never give an RA access to your trading account.
- Ask for your login credentials or OTP for your trading, demat or bank account.
- Promise, guarantee or assure returns, profits, or a risk-free investment.
- Offer assured-return schemes, prize money, leagues, contests or gifts.
- Accept fees in cash, or charge more than ₹1,51,000 per annum per family (individual / HUF clients).
- Handle or hold your funds or securities at any point.
- Claim to be “best”, “No. 1” or “top rated”, or advertise past performance.
The full Do’s and Don’ts for investors are published in the Compliance section below.
Research services
What you actually receive
All of it is research. You place your own trades, in your own account, at your own discretion.
Equity research reports
Written notes on listed companies — the business, the numbers, the valuation, and what would have to be true for the view to work.
- Rationale and key assumptions
- Recommendation, price target and horizon
- Risks that would invalidate the call
Technical & positional setups
Chart-based ideas with the level that defines the trade, for those who work to a shorter horizon.
- Entry zone, stop-loss and target
- Time frame stated on every idea
- Follow-up when the view changes
Market perspective notes
Periodic commentary on the index, sectors and events that matter — context, not noise.
- Index and sector positioning
- Results season and policy read-through
- What is being watched next
Fees, and how they are charged
Equity Research
₹6,000per quarter
Research reports, positional setups and market perspective notes — the whole of the service described above, billed quarterly in advance. That is ₹24,000 a year, well within the SEBI ceiling of ₹1,51,000 per annum per family. Taxes are charged as applicable.
Within the SEBI cap
Fees for individual and HUF clients do not exceed ₹1,51,000 per annum per family, the maximum permitted under the SEBI Master Circular for Research Analysts.
Never in cash
Payment is accepted only by banking channels — to the Research Analyst’s own account. No cash, and no payment to any third party or individual.
Stated up front
The applicable fee, billing period and refund terms are set out in the terms and conditions shared before onboarding, and in the Most Important Terms and Conditions.
No performance fee
Fees are for research services. There is no profit-sharing, no performance-linked charge and no assurance of returns of any kind.
Billing period, refund terms and the full fee schedule are set out in the terms and conditions shared before onboarding. Questions? Write to vikasgargvikky@gmail.com.
How it works
Onboarding, in four steps
Nothing starts until the paperwork SEBI requires is complete — that protects you as much as it does me.
- 1
Enquiry
Tell me what you invest in and over what horizon. If what you need is outside the scope of a Research Analyst, I will say so at this stage.
- 2
KYC & risk profiling
KYC is completed for every fee-paying client, along with the assessment required before research services are provided.
- 3
Terms & MITC
The terms and conditions of research services, including the Most Important Terms and Conditions, are shared and accepted in writing.
- 4
Research delivery
Fees are paid through banking channels, and research is delivered to you within the timelines set out in the terms.
Questions
Asked often, answered plainly
Will you manage my money or place trades for me?
No. A Research Analyst publishes research and recommendations. I never handle your funds or securities, never place a trade for you, and never ask for your trading, demat or bank login or OTP.
Do you guarantee returns?
No, and nobody registered with SEBI is permitted to. Every research view carries risk, including the risk of loss. Past performance is not indicative of future results.
How much does the research service cost?
Equity Research is ₹6,000 per quarter (₹24,000 a year), plus taxes as applicable. SEBI caps what any Research Analyst may charge an individual or HUF client at ₹1,51,000 per annum per family across all research services, so this sits well inside that ceiling. Fees are never accepted in cash.
How do I pay?
Only through banking channels, to the Research Analyst’s own bank account. Never pay any third party, employee or individual on my behalf, and never pay in cash.
What do I get in a research report?
The recommendation, the reasoning behind it, the price target where one is given, the time horizon, and the risks that would make the view wrong.
Do you use AI to produce research?
Artificial Intelligence tools may be used in the course of producing research. The extent of that use is disclosed to clients, and responsibility for every published view remains entirely mine.
What if I have a complaint?
Write to me first — the grievance mechanism, timelines and escalation matrix are published in the Compliance section below. If you are not satisfied, you may escalate to SEBI SCORES and then to the SMART ODR platform.
How do I check that this registration is genuine?
Search for registration number INH000029388 in the Research Analyst list on the SEBI website. Always verify a registration independently before paying anyone.
Get in touch
Start with a conversation
Questions about the research, the scope or the fees are welcome before you commit to anything.
Telephone+91 98294 37082
Working hours
Monday – Friday, 09:00 – 17:00 IST
Registered office
Sarvendra Prasad Garg, B-1, Saraswati Colony,
Tonk Phatak Puliya, Jaipur, Rajasthan 302015
Grievances
Vikas Garg is the Principal Officer, Compliance Officer and Grievance Officer. See the escalation matrix in Compliance.
The official bit
Compliance & Disclosures
The matters a Research Analyst is required to disclose on its website, published under the SEBI (Research Analysts) Regulations, 2014 and the SEBI Master Circular for Research Analysts. Tap a topic to expand it.
Research Analyst — Registration Details
- Name of Research Analyst
- Vikas Garg
- Type of registration
- Individual
- SEBI Registration No.
- INH000029388
- Date of registration
- 03 August 2026
- Validity
- Perpetual
- BSE Research Analyst Enlistment No.
- 7420
- Certification
- NISM Series XV — Research Analyst
- Principal Officer
- Vikas Garg
- Compliance Officer
- Vikas Garg · +91 98294 37082 · vikasgargvikky@gmail.com
- Grievance Officer
- Vikas Garg · +91 98294 37082 · vikasgargvikky@gmail.com
- Telephone
- +91 98294 37082
- vikasgargvikky@gmail.com
- Registered office
- Sarvendra Prasad Garg, B-1, Saraswati Colony, Tonk Phatak Puliya, Jaipur, Rajasthan 302015
Standard warning
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Standard disclaimer
Registration granted by SEBI, enlistment with BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
01Investor Charter
ANNEXURE A
INVESTOR CHARTER IN RESPECT OF RAs
-
Vision and Mission Statements for investors
Vision
Invest with knowledge & safety.Mission
Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness. -
Details of business transacted by the Research Analyst with respect to the investors
- To publish research report based on the research activities of the RA
- To provide an independent unbiased view on securities.
- To offer unbiased recommendation, disclosing the financial interests in recommended securities.
- To provide research recommendation, based on analysis of publicly available information and known observations.
- To conduct audit annually
- To ensure that all advertisements are in adherence to the provisions of the Advertisement Code for Research Analysts.
- To maintain records of interactions, with all clients including prospective clients (prior to onboarding), where any conversation related to the research services has taken place.
-
Details of services provided to investors (No Indicative Timelines)
Onboarding of Clients
- Sharing of terms and conditions of research services
- Completing KYC of fee paying clients
Disclosure to Clients:
- To disclose, information that is material for the client to make an informed decision, including details of its business activity, disciplinary history, the terms and conditions of research services, details of associates, risks and conflicts of interest, if any
- To disclose the extent of use of Artificial Intelligence tools in providing research services
- To disclose, while distributing a third party research report, any material conflict of interest of such third party research provider or provide web address that directs a recipient to the relevant disclosures
- To disclose any conflict of interest of the activities of providing research services with other activities of the research analyst.
- To distribute research reports and recommendations to the clients without discrimination.
- To maintain confidentiality w.r.t publication of the research report until made available in the public domain.
- To respect data privacy rights of clients and take measures to protect unauthorized use of their confidential information
- To disclose the timelines for the services provided by the research analyst to clients and ensure adherence to the said timelines
- To provide clear guidance and adequate caution notice to clients when providing recommendations for dealing in complex and high-risk financial products/services
- To treat all clients with honesty and integrity
- To ensure confidentiality of information shared by clients unless such information is required to be provided in furtherance of discharging legal obligations or a client has provided specific consent to share such information.
-
Details of grievance redressal mechanism and how to access it
- Investor can lodge complaint/grievance against Research Analyst in the following ways:
Mode of filing the complaint with research analyst
In case of any grievance/complaint, an invester may approach the concerned Research Analyst who shall strive to redress the grievance immediately, but not later than 21 days of the receipt of the grievance.
Mode of filing the complaint on SCORES or with Research Analyst Administration and Supervisory Body (RAASB)
- SCORES 2.0 (a web based centralized grievance redressal system of SEBI for facilitating effective grievance redressal in time-bound manner) (https://scores.sebi.gov.in)
Two level review for complaint/grievance against Research Analyst:
First review done by designated body (RAASB)
Second review done by SEBI - Email to designated email ID of RAASB
- SCORES 2.0 (a web based centralized grievance redressal system of SEBI for facilitating effective grievance redressal in time-bound manner) (https://scores.sebi.gov.in)
- If the Investor is not satisfied with the resolution provided by the Market Participants, then the Investor has the option to file the complaint/ grievance on SMARTODR platform for its resolution through online conciliation or arbitration.
With regard to physical complaints, investors may send their complaints to:
Office of Investor Assistance and Education, Securities and Exchange Board of India, SEBI Bhavan, Plot No. C4-A, ‘G’ Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051
- Investor can lodge complaint/grievance against Research Analyst in the following ways:
-
Rights of investors
Right to Privacy and Confidentiality Right to Transparent Practices Right to fair and Equitable Treatment Right to Adequate Information
Right to Initial and Continuing Disclosure
-Right to receive information about all the statutory and regulatory disclosures Right to Fair & True Advertisement
Right to Awareness about Service Parameters and Turnaround Times Right to be informed of the timelines for each service
Right to be Heard and Satisfactory Grievance Redressal Right to have timely redressal
Right to Exit from Financial product or service in accordance with the terms and conditions agreed with the research analyst
Right to receive clear guidance and caution notice when dealing in Complex and High-Risk Financial Products and Services
Additional Rights to vulnerable consumers
-Right to get access to services in a suitable manner even if differently abled Right to provide feedback on the financial products and services used
Right against coercive, unfair, and one-sided clauses in financial agreements
-
Expectations from the investors (Responsibilities of investors)
Do’s
- Always deal with SEBI registered Research Analyst.
- Ensure that the Research Analyst has a valid registration certificate.
- Check for SEBI registration number.
Please refer to the list of all SEBI registered Research Analyst which is available on SEBI website in the following link: https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=14
- Always pay attention towards disclosures made in the research reports before investing.
- Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments. You may make payment of fees through Centralized Fee Collection Mechanism (CeFCoM) of RAASB if research analyst has opted for the mechanism.(Applicable for fee paying clients only)
- Before buying/ selling securities or applying in public offer, check for the research recommendation provided by your Research Analyst.
- Ask all relevant questions and clear your doubts with your Research Analyst before acting on recommendation.
- Seek clarifications and guidance on research recommendations from your Research Analyst, especially if it involves complex and high risk financial products and services.
- Always be aware that you have the right to stop availing the service of a Research Analyst as per the terms of service agreed between you and your Research Analyst.
- Always be aware that you have the right to provide feedback to your Research Analyst in respect of the services received.
- Always be aware that you will not be bound by any clause, prescribed by the research analyst, which is contravening any regulatory provisions.
- Inform SEBI about Research Analyst offering assured or guaranteed returns.
Don’ts
- Do not provide funds for investment to the Research Analyst.
- Do not fall prey to luring advertisements or market rumors.
- Do not get attracted to limited period discount or other incentive, gifts, etc. offered by Research Analyst.
- Do not share login credential and password of your trading, demat or bank accounts with the Research Analyst.
02Disclosures
1. About the Research Analyst
Mr. Vikas Garg is a SEBI registered Research Analyst having his registered office at Sarvendra Prasad Garg, B-1, Saraswati Colony, Tonk Phatak Puliya, Jaipur, Rajasthan 302015. He was registered with SEBI as an Individual vide Registration number INH000029388 on 03 August 2026, pursuant to which he provides Research Analyst services to his clients.
2. Qualifications and experience
He holds the NISM-Series-XV: Research Analyst certification required under Regulation 7 of the SEBI (Research Analysts) Regulations, 2014, and satisfies the qualification and certification requirements prescribed thereunder.
3. Details of business activities
He provides recommendations based on both fundamental and technical analysis.
4. Disciplinary history
There are no outstanding litigations and no disciplinary history against him.
5. Terms and conditions on which the research report is issued
He has exercised due diligence in checking the correctness and authenticity of the information contained herein, so far as it relates to current and historical information, but does not guarantee its accuracy or completeness. The opinions expressed are based on his current research as of the date appearing in the material and may be subject to change from time to time without notice.
He does not accept any liability arising from the use of this document or the information contained herein. The recipients of this material should rely on their own judgement and take their own professional advice before acting on this information.
He shall not be in any way responsible for any loss or damage that may arise to any person or persons from any inadvertent error in the information contained, or in the views and opinions expressed in this publication.
6. Financial interest
He or his associates, including relatives — (a) do not hold any financial interest in the Company; (b) do not have any actual or beneficial ownership of more than 1% in the Company; (c) do not have any other material conflict of interest.
7 – 10. Associates, compensation and market making
- He or his associates are not affiliated with any other intermediaries, and have not received any brokerage or commission from any third party.
- He or his associates have not received any compensation from the Company covered by the Research Analyst during the past twelve months.
- He or his associates have not managed or co-managed a public offering of securities of the Company during the past twelve months.
- He or his associates have not served as an officer, director or employee of the Company, and have not been engaged in market making activity for the Company.
11. Reliability of facts
He has ensured that the facts mentioned in the research report are taken from a reliable source and information. However, investors are advised to independently evaluate the market conditions and risks involved before making an investment decision.
12. Use of Artificial Intelligence
He may use Artificial Intelligence tools for providing research services.
03Disclaimers
Vikas Garg is registered with SEBI as an Individual Research Analyst vide Registration number INH000029388 on 03 August 2026, pursuant to which he provides Research Analyst services to his clients.
Investment in securities market is subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI, enlistment with BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
- I am not affiliated with any other intermediaries, nor do I receive any brokerage or commission from any third party.
- SEBI has issued no penalties or directions under the SEBI Act, and no other regulatory body has done so.
- I do not recommend any stock broker or other intermediary to a client, nor do I receive any consideration by way of remuneration, compensation or in any other form whatsoever from a stock broker or another intermediary.
- Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that I consider reliable. I, however, do not vouch for the consistency or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred due to it, and take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.
- I do not provide any promise or assurance of a favourable view for a particular industry, sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition and suitability to risk-return profile before investing.
- I or any other person related to me might be holding positions in the stocks recommended.
- Research recommendations are provided to all my clients who are entitled to receive research reports. Any client (paid or unpaid), any third party or anyone else has no right to forward or share my calls, SMS, reports or any information provided by me to or with anyone, through any medium, whether received directly or indirectly. If found so, serious legal action can be taken.
- I ensure that employees performing sales, dealing or any other activity that may affect the independence of my research reports or research recommendations are functionally separate from the research function. Such employees may receive feedback on the impact of research reports or recommendations, provided that such feedback does not influence or compromise the independence, objectivity or content of the research.
- If a client wants an opinion on a specific position, such suggestion or view shall under any circumstances be considered an opinion and not advice. I am not liable for any losses whatsoever the client may incur in accepting this opinion.
- I do not have any association in any manner with any issuer of products or securities; this ensures that there are no actual or potential conflicts of interest, and that objectivity and independence in carrying on research services is not compromised.
- Stock trading is inherently risky, and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make.
- Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will, or is likely to, achieve profits or losses similar to those shown.
- You, and not I, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing therefrom are your sole responsibility. I and any employees are in no way liable for the use of the information by others in investing or trading in investment vehicles.
- I encourage all investors to use the services as a resource to further their own research on all featured companies, stocks, sectors, markets and information presented on the site.
- Everything posted on social media (Twitter / Facebook / Telegram / YouTube channel) is for education and illustration purposes and should not be counted as a recommendation or investment advice.
04Grievance Redressal Process
The Research Analyst is committed to providing prompt, fair and transparent grievance redressal to all clients. Clients may follow the mechanism below for resolution of any grievance or feedback relating to the research services.
1. Contact the Research Analyst
If you are not satisfied with our services and wish to lodge a complaint, you may communicate your grievance by telephone or email. Every effort shall be made to acknowledge and resolve your grievance promptly.
Phone: +91 98294 37082 · Email: vikasgargvikky@gmail.com
The Research Analyst shall endeavour to resolve the grievance within 7 business working days from the date of receipt, or within such timeline as may be prescribed by SEBI from time to time.
2. Escalation to the Research Analyst
If the grievance remains unresolved within the above timeline, escalate directly to:
Name: Vikas Garg · Designation: Research Analyst, Principal Officer & Compliance Officer
Address: Sarvendra Prasad Garg, B-1, Saraswati Colony, Tonk Phatak Puliya, Jaipur, Rajasthan 302015
Email: vikasgargvikky@gmail.com · Phone: +91 98294 37082
The Research Analyst shall personally review the grievance and make every effort to resolve it in a fair, transparent and timely manner in accordance with the SEBI (Research Analysts) Regulations, 2014 and the applicable SEBI Master Circular. In any case, all grievances shall be resolved within 21 calendar days from the date of receipt, as required under Regulation 26B.
3. Complaint through SCORES
If your grievance remains unresolved, lodge your complaint through the SEBI Complaints Redress System (SCORES 2.0) at scores.sebi.gov.in. Two-level review mechanism — first level: Research Analyst Administration and Supervisory Body (RAASB); second level: Securities and Exchange Board of India (SEBI).
4. Online Dispute Resolution (SMART ODR)
If you are not satisfied with the resolution provided through the above mechanism, you may initiate dispute resolution through the SMART Online Dispute Resolution platform at smartodr.in, for online conciliation and/or arbitration in accordance with the applicable SEBI framework.
5. Physical complaint to SEBI
Office of Investor Assistance and Education, Securities and Exchange Board of India (SEBI), SEBI Bhavan, Plot No. C4-A, ‘G’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051.
05Escalation Matrix
If you have a grievance, you can reach out for assistance using the contacts below. These details are provided to facilitate complainants approaching the Research Analyst before filing a complaint with SEBI.
| Designation | Contact person | Address | Contact no. | Working hours | |
|---|---|---|---|---|---|
| Customer Care | Vikas Garg | B-1, Saraswati Colony, Tonk Phatak Puliya, Jaipur, Rajasthan 302015 | +91 98294 37082 | vikasgargvikky@gmail.com | Mon–Fri, 09:00 AM – 05:00 PM |
| Head of Customer Care | Vikas Garg | B-1, Saraswati Colony, Tonk Phatak Puliya, Jaipur, Rajasthan 302015 | +91 98294 37082 | vikasgargvikky@gmail.com | Mon–Fri, 09:00 AM – 05:00 PM |
| Compliance Officer | Vikas Garg | B-1, Saraswati Colony, Tonk Phatak Puliya, Jaipur, Rajasthan 302015 | +91 98294 37082 | vikasgargvikky@gmail.com | Mon–Fri, 09:00 AM – 05:00 PM |
| Principal Officer | Vikas Garg | B-1, Saraswati Colony, Tonk Phatak Puliya, Jaipur, Rajasthan 302015 | +91 98294 37082 | vikasgargvikky@gmail.com | Mon–Fri, 09:00 AM – 05:00 PM |
Grievances are aimed to be resolved within 21 working days from the date of receipt. If your grievance is not resolved within this timeframe, escalate it to SEBI’s SCORES platform (scores.sebi.gov.in). If you remain unsatisfied with the resolution provided through our support or through SCORES, you may access the Online Dispute Resolution portal (smartodr.in).
06Complaints Data
Complaint register for Research Analyst INH000029388, disclosed in the format prescribed under the SEBI Master Circular (Investor Charter — Annexure B). All complaints, including SCORES complaints, are disclosed and updated on this website by the 7th of the succeeding month.
A. Data for the month ending 31 August 2026
Registration was granted on 03 August 2026. The figures below are the position as at the end of the reporting month. No complaint has been received from any source since registration.
| Sr. | Received from | Pending at end of last month | Received | Resolved* | Total pending# | Pending > 3 months | Average resolution time^ (days) |
|---|---|---|---|---|---|---|---|
| 1 | Directly from Investors | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | SEBI (SCORES) | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | Other Sources (if any) | 0 | 0 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 0 | 0 | 0 | 0 | — | |
Number of complaints received during the month against the Research Analyst due to impersonation by some other entity: 0.
* Inclusive of complaints of previous months resolved in the current month. # Inclusive of complaints pending as on the last day of the month. ^ Average resolution time is the sum total of time taken to resolve each complaint in days in the current month, divided by the total number of complaints resolved in the current month.
B. Trend of monthly disposal of complaints
| Sr. | Month | Carried forward from previous month | Received | Resolved* | Pending# |
|---|---|---|---|---|---|
| 1 | August 2026 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 0 | 0 | 0 | |
* Inclusive of complaints of previous months resolved in the current month. # Inclusive of complaints pending as on the last day of the month. Maintained from the month of registration (August 2026). Last updated for the month ending 31 August 2026.
C. Trend of annual disposal of complaints
| Sr. | Year | Carried forward from previous year | Received | Resolved** | Pending## |
|---|---|---|---|---|---|
| 1 | 2026-27 | 0 | 0 | 0 | 0 |
| Grand Total | 0 | 0 | 0 | 0 | |
** Inclusive of complaints of previous years resolved in the current year. ## Inclusive of complaints pending as on the last day of the year. Maintained from the year of registration (FY 2026-27).
07SEBI Office Details
Head Office
SEBI Bhavan BKC, Plot No. C4-A, ‘G’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra.
Regional office for this Research Analyst
The registered office of the Research Analyst is at Jaipur, Rajasthan, which falls within the North Zone and under the jurisdiction of the SEBI Northern Regional Office (NRO):
Northern Regional Office, Securities and Exchange Board of India, NBCC Complex, Office Tower-1, 8th Floor, Plate B, East Kidwai Nagar, New Delhi – 110023. Telephone: +91-11-69012998. Email: sebinro@sebi.gov.in.
Office of Investor Assistance and Education
Physical complaints may be sent to the Office of Investor Assistance and Education, Securities and Exchange Board of India (SEBI), SEBI Bhavan, Plot No. C4-A, ‘G’ Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051.
Toll-free investor helpline: 1800 266 7575 / 1800 22 7575. SEBI website: sebi.gov.in. A complete, current list of SEBI’s regional and local offices is published on the SEBI website.
08Audit Report
Disclosure with respect to the annual compliance audit requirement under Regulation 25(3) of the SEBI (Research Analysts) Regulations, 2014. Annual audits are completed within the prescribed timeline and submitted to SEBI.
| Sr. | Financial year | Compliance audit status | Remarks |
|---|---|---|---|
| 1 | FY 2026-27 | Not yet due | Registration granted 03 August 2026; the first annual compliance audit will be conducted within the prescribed timeline. |
Audit reports are published here once each annual compliance audit is completed.