Disclosure

The purpose of this document is to provide essential information about the Research Services in order to assist and enable the prospective client/client in making an informed decision before engaging in Research Services and onboarding.

History, Present Business, and Background

Shivpal Rajput, Proprietor of Sumedha Research, is registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst with Registration No. INH000019770. The Research Analyst is engaged in providing research and recommendation services in the securities market.

Terms and Conditions of Research Services

• The Research Services are limited to providing independent research and recommendations and do not include any investment advisory, portfolio management, or portfolio allocation services.
• The Research Analyst does not guarantee any returns on the recommendations provided.
• Investors are advised that investment and trading in stocks, indices, or other securities are subject to market risks.
• Past performance is not indicative of future results.
• The Research Analyst shall not be responsible for any losses incurred by investors.

Disciplinary History

• There are no pending material litigations or legal proceedings against the Research Analyst.
• As on date, no penalties or directions have been issued by SEBI under the SEBI Act or Regulations made thereunder against the Research Analyst in relation to Research Analyst services.

Details of Associates

No associates.

Disclosures with Respect to Research and Recommendation Services

• The Research Analyst or any of its officers/employees does not trade in securities that are the subject matter of recommendations.
• There are no actual or potential conflicts of interest arising from any connection or association with any issuer of products/securities that may compromise the objectivity or independence of the Research Analyst. Any such conflict of interest, if it arises, shall be disclosed to the clients.
• The Research Analyst or its employees or associates have not received any compensation from the company that is the subject matter of recommendations.
• The Research Analyst or its employees or associates have not managed or co-managed the public offering of any company.
• The Research Analyst or its employees or associates have not received any compensation for investment banking, merchant banking, or brokerage services from the subject company.
• The Research Analyst or its employees or associates have not received any compensation for products or services other than those mentioned above from the subject company.
• The Research Analyst or its employees or associates have not received any compensation or other benefits from the subject company or any third party in connection with the research report or recommendations.
• The subject company was not a client of the Research Analyst or its employees or associates during the twelve months preceding the date of the recommendation.
• The Research Analyst or its employees or associates have not served as an officer, director, or employee of the subject company.
• The Research Analyst has not engaged in market-making activities for the subject company.

Standard Warning

“Investment in securities market is subject to market risks. Read all the related documents carefully before investing.”

Disclaimer

“Registration granted by SEBI, enlistment as a Research Analyst with the Exchange, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.”