Disclosures & Disclaimers

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 on any social media platforms or in free groups are presented solely for illustrative purposes. They do not constitute investment advice or recommendations in any form.
• SEBI Registration Disclaimer: Registration granted by SEBI, enlistment with RAASB, 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: Recommendations might include open positions without set stop-loss levels or target prices, exposing portfolios to significant losses from adverse market movements or unexpected events. Investors should recognize that the absence of predefined exit points heightens the risk of capital erosion; it is advisable to exit securities at a 10% to 15% loss or profit without emotional attachment.

Important Notice for Investors and Traders

Please do not ask about specific investment amounts, lot sizes, or prices for securities. Follow portfolio allocations, group calls, and exit calls or positions when target or stop-loss prices are reached, as holding securities based on emotions can lead to significant losses.

Invest according to your own risk tolerance. All users are treated equally, though discounts may be offered at our discretion for recurring subscribers or upon valid specific requests.

Fee Payment & Investor Protection

• All service fees must be paid only via our official website or verified bank/payment gateway channels/verified UPI.
• Centralized Fee Collection Mechanism (CeFCoM), if applicable.

Accuracy, Liability & Scope of Services

• No Warranties on Accuracy or Results: The research analyst does not guarantee the accuracy, completeness, or reliability of any information or content on its platform or reports, including warranties related to merchantability, suitability for an investor’s purpose, or non-infringement.
• No Claims for Losses from Recommendations: By the nature of investment risk, investors cannot claim compensation for any losses incurred based on the research recommendations provided. All investment decisions and their consequences remain the sole responsibility of the investor.
• Options Trading Risk: These trades carry a high probability of total capital loss due to the leveraged and time-bound nature of derivatives. Investors must engage in Futures & Options (F&O) trading strictly in accordance with their personal risk appetite and financial capacity.

Exercise Caution: Services Not Offered

While we provide research analysis and securities-specific recommendations, we do not offer:

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

Investors are responsible for their own investment decisions and should seek a registered investment adviser for personalized financial planning services.

Report Unethical Practices

We are committed to ethical research and transparent market practices. If you observe any misleading claims, unauthorized fee collection, or unethical conduct involving our services or brand:

• No third party or employee is authorized to offer return guarantees. Report any such activity to our Compliance Officer and SEBI immediately.
• If you engage with any unauthorized persons, including our employees or associates, or accept return guarantees without officially informing the company on tradexa02@gmail.com, the company will not be liable for any resulting losses or liabilities.
• Reporting such incidents both internally (Compliance Officer) and to the regulatory authority (SEBI) is a critical step to help stop potentially illegal investment schemes.

Disclosure of Material Information

Business Activity: Sandeep Rinwa is engaged in the business of providing independent equity research services based on technical and fundamental analysis. Buy / Sell / Hold recommendations and other investment opinions are offered to clients in the form of research reports, analysis, and market commentary. The entity is registered with SEBI as a Research Analyst under the SEBI (Research Analyst) Regulations, 2014. All recommendations are made in good faith and based on data believed to be reliable at the time of publication. Investors are advised to use discretion and consult with certified professionals before making any financial decisions.

Regulatory Standing: This disclosure is made in compliance with SEBI’s guidelines requiring transparency about the nature of the research entity and its registration credentials.

Disciplinary History Statement: Sandeep Rinwa (SEBI Registration No. INH000027098) and its associates have a clear and unblemished record. There have been no instances of disciplinary action, penalties, or sanctions levied or passed by any regulatory or administrative authorities. This statement is made in accordance with disclosure requirements for transparency and regulatory compliance as per SEBI (Research Analyst) Regulations, 2014.

Ownership, Financial Interest & Conflict of Interest

In accordance with SEBI (Research Analyst) Regulations, 2014, the following disclosures are made related to research reports and recommendations issued by Sandeep Rinwa:

• Ownership of Securities: Neither Sandeep Rinwa, nor associated research analysts, nor their relatives or associates, hold 1% or more in the equity securities of the subject company or companies mentioned in the research reports.
• Financial Interest: Sandeep Rinwa, associated research analysts, and their relatives or associates may have direct or indirect financial interest in the subject company/companies at the time of publication.
• Conflict of Interest: At the date of publication of the research report, there is no material conflict of interest, whether pecuniary or otherwise, with any of the subject companies referred to in the report.

Conflict of Interest & Compensation Disclosures

Sandeep Rinwa and associates have NOT:

• Received any compensation from the subject company in the past twelve months.
• Managed or co-managed any public offering of securities for the subject company in the past twelve months.
• Received any compensation for investment banking, merchant banking, or brokerage services from the subject company in the past twelve months.
• Received any compensation for products or services other than investment banking, merchant banking, or brokerage services from the subject company in the past twelve months.
• Received any compensation or other benefits from the subject company or any third party in connection with any research report.
• Engaged in any market-making activity for the subject company.

The Research Analyst has not served as an officer, director, or employee of any subject company at any point in time.

Use of AI and Algo Tools in Research and Advisory Services

Recommendations are based on technical and fundamental analysis, with some use of AI and algorithmic tools. Key points:

• Responsibility for client data security, confidentiality, and compliance is upheld through the use of AI and algo tools.
• AI and algo trading risks include system vulnerabilities that can amplify errors. Strategies tailored from historical data may fail in changing market conditions, leading to losses.
• Handling sensitive data poses privacy and security risks, including potential breaches.
• Concerns include biased outputs, privacy violations, lack of transparency, data quality issues, complex models, technical problems, cybersecurity threats, API issues, data centre communication failures, and misleading results from poor data.
• Severe data glitches may result in significant losses related to your security or portfolio.
• There is no guarantee of success or return when acting on AI-generated or algo-generated recommendations. You bear the full risk of any investment decisions made based on such advice, and the provider is not liable for any resulting losses or damages.

Model Portfolio Disclaimer

Sandeep Rinwa (SEBI Reg. No. INH000027098) may, from time to time, publish or recommend a Model Portfolio as part of its research and analysis services. Any such model portfolio will be issued and maintained in accordance with the guidelines and conditions prescribed under the SEBI (Research Analyst) Regulations, 2014, and any subsequent circulars or clarifications issued by SEBI.

• The model portfolio is created purely for illustration and educational purposes (if in the public domain) and is not intended as specific investment advice for any individual client.
• Any inclusion of securities or their weightage is based on research-driven methodology and aligned with general market views and sectoral outlooks at the time of issuance.

Model portfolios will be accompanied by a detailed rationale, will be continuously monitored and updated when necessary, and will respect the boundaries between non-advisory research and personal portfolio management as mandated by SEBI guidelines.

Investor Responsibility: Investors are advised to exercise discretion and consult with an investment adviser or financial planner before replicating or acting upon any model portfolio. The model portfolio does not consider individual risk profiles, financial goals, or investment timelines, and may not be suitable for all types of investors.

Terms & Conditions of Issuance: Research Report

1. Purpose and Audience

The Research Report is exclusively issued to clients of Sandeep Rinwa. Reports and recommendations serve informational purposes only and are delivered as part of the firm’s professional research analyst services.

2. Basis and Reliability of Information

All research content is prepared using facts, figures, and information deemed true, correct, and reliable at the time of publication, sourced from publicly available data and other trusted channels. The research team conducts a review to ensure there are no untrue statements of material fact and no false or misleading information in any report or recommendation.

3. Nature of Recommendations

Reports and recommendations are provided solely for informational purposes (if in the public domain) and do not constitute an offer document; they shall in no way be interpreted as a solicitation to buy, sell, hold, or any other rating defined. A daily closing chart of securities is available at NSE and BSE. Views on securities are based on both technical and fundamental analysis.

4. No Offer or Solicitation

The material does not create any obligation for clients to act on the information contained within, and does not represent any proposal, invitation, or inducement relating to trading or investment in securities.

5. Regulatory Compliance

Sandeep Rinwa is registered under SEBI (Research Analyst) Regulations, 2014, and operates under SEBI Registration No. INH000027098. All recommendations adhere to compliance and disclosure standards set by regulatory authorities.

6. Client Responsibility

Clients are urged to exercise independent judgment and consult with their own financial or investment advisors before making any decision based on the research. The report, analysis, or recommendations do not replace independent professional advice suited to individual circumstances.

7. Limitation of Liability

Sandeep Rinwa and associated analysts do not accept responsibility or liability for losses, whether direct or indirect, that may result from the use of the research report or recommendations.

8. Copyright and Confidentiality

Research reports are issued for personal use only. No part of a report may be reproduced, redistributed, or published without written authorization from Sandeep Rinwa.

Notice on Unregulated Products: Crypto, Forex & Third-Party Services

High Risk Warning

• The potential for capital loss is significantly high in Crypto and Forex markets due to their unregulated and volatile nature.
• The absence of regulatory oversight and formal grievance mechanisms increases the risk of fraud, operational failure, and non-recoverable losses.
• Investors must exercise extreme caution and invest strictly based on their personal risk tolerance and financial situation.

Regulatory Notice & International Investment Risk

1. Regulatory Jurisdiction: Services, recommendations, and fee structures concerning foreign securities, U.S. markets, and third-party investment products not registered with SEBI operate outside of SEBI’s regulatory oversight.
2. Limitation of Recourse: SEBI’s grievance redressal mechanisms and investor protection frameworks do not apply to these non-SEBI approved products. No recourse will be available through SEBI for any disputes, losses, or grievances.
3. Associated Investment Risks: International investments involve elevated risk factors that can lead to a substantial loss of portfolio value, including exchange rate risk, market risk, management risk, and political & regulatory risk.

Our Position: We are not registered to provide investment advisory, trading, or portfolio services for unregulated products. Any views or references provided on Crypto, Forex, or similar third-party products are not recommendations, but are shared purely as research-based insights or analyst commentary for general informational purposes. Sandeep Rinwa and representatives cannot be held responsible for any adverse events, capital erosion, or disputes arising from investment decisions made in unregulated markets based on our research or communications.

Securities/Stock Ratings: Definitions & Guidelines

Issued by Sandeep Rinwa (SEBI Reg. No. INH000027098). To ensure transparency and clarity in research reports and stock recommendations, the following terminology is used:

• Buy: Indicates the stock/security should be purchased within the specified price range provided in the recommendation. Example: “Buy XYZ at ₹100 to ₹105” means XYZ should be bought strictly within that range; buying outside this price band is not advised.
• Sell: Suggests the stock/security should be sold within the specified price range mentioned in the recommendation. Follow the defined range for optimal execution.
• Hold: Advises investors to retain current holdings until a revised call is issued, such as a new stop-loss or target update.
• Apply: Recommends participation in specific public offers such as Initial Public Offerings (IPO), Buyback Offers, or Offer for Sale (OFS).
• Book Profit: Indicates it is advisable to sell part or all holdings of the stock/security to realize or lock in existing gains.
• Exit: A strong recommendation to sell all existing quantities and close the entire position in the mentioned stock/security.
• Add: Buy additional quantity of the security if already holding, based on favourable conditions.
• Reduce: Partially sell the security based on revised outlook, risk, or market movement.

Investor Note: Please execute recommendations as per the defined levels and time horizon, and consult a SEBI-registered Investment Adviser for decisions tailored to your individual risk profile and financial goals.

Grievance Redressal

Level 1: Contact Us Directly

At Sandeep Rinwa (SEBI Reg. No. INH000027098), we are committed to maintaining the highest standards of transparency, service, and investor protection. If you are dissatisfied with any aspect of our services, please raise your first level of complaint through the following channels:

We will make every effort to address and resolve your complaint in a transparent and timely manner.

Level 2: Escalation to SEBI (If Unresolved After 7 Days)

• SEBI SCORES Portal
• SEBI SMART ODR (Online Dispute Resolution) platform
• SEBI Toll-Free Numbers: 1800 22 7575 / 1800 266 7575
• Contact any SEBI office: SEBI contact and office details page
• SEBI Market Intelligence (MI) Portal

SEBI Resources & Investor Awareness Tools

SEBI provides a range of free tools, resources, and mobile applications to promote investor awareness and financial literacy:

• SEBI Investor App and SEBI Saarthi App: Android / iOS
• Download SEBI SCORES App: iOS / Android

SEBI advises investors to exercise extreme caution:

1. Verify registration of entities before investing at: SEBI list of registered intermediaries
2. Carry out transactions only through authentic trading apps of SEBI-registered intermediaries after verification at: SEBI Investor Support page
3. Use “Validated UPI Handles” (“@valid” UPI IDs of SEBI-registered investor-facing intermediaries) and the “SEBI Check” platform at SEBI Check platform or through the Saarthi app, for secure investor payments (refer Press Release No. 64/2025).

For additional information on investor rights, services, responsibilities, and complaint mechanisms, refer to the Investor Charter and Complaint Table on this website.

Cyber Crime Reporting