Disclosure

🏢 Research Analyst Registration

• Name of Entity: Sanwariya Capital Pvt. Ltd.
• Type of Registration: Research Analyst (Individual/Firm)
• NISM Certification: Series-XV — Research Analyst
• Registered Address: [Office Address], Bhopal, Madhya Pradesh – 462001

⚖️ Regulatory & Disciplinary History

Sanwariya Capital hereby discloses the following regarding any regulatory or disciplinary history:

• There are no pending investigations, enquiries, legal proceedings or disciplinary actions against Sanwariya Capital or its principals by SEBI or any other regulatory authority as on the date of this disclosure.
• No penalty, censure, warning or show cause notice has been issued to Sanwariya Capital by SEBI at any point in time.
• Sanwariya Capital has never been debarred from carrying on any business activities by any regulatory authority.
• We have always operated in compliance with SEBI (Research Analyst) Regulations, 2014 and all applicable SEBI guidelines.

💰 Disclosure of Financial Interest

Sanwariya Capital discloses the following regarding financial interests:

• Sanwariya Capital and its associates may or may not hold positions in the securities recommended in research reports at the time of publication.
• The research analyst or associates have not received any compensation from the subject company of the report in the past 12 months.
• Neither Sanwariya Capital nor its associates are market makers for the securities covered in our research reports.
• Our research reports are not influenced by any financial interest or investment banking relationship with the companies covered.
• All research calls are based solely on independent technical and fundamental analysis.

🔄 Conflict of Interest Policy

Sanwariya Capital has a strict Conflict of Interest Policy to ensure objectivity and integrity in all research activities:

• Research analysts are prohibited from trading in securities 30 days before and 5 days after publishing a research report on that security.
• We maintain strict information barriers between our research and any proprietary trading activities.
• Employees are required to disclose any personal holdings in securities covered in research reports before publication.
• All identified conflicts are disclosed prominently in the relevant research reports and trading calls.
• No gifts, entertainment or compensation from subject companies is accepted by our research team.

📨 Disclosure to Clients

• Sanwariya Capital provides only research and advisory services. It does not manage client funds or portfolios.
• All clients are advised to read the Risk Disclosure Document before subscribing to any service.
• Research recommendations are based on information available at the time of preparation and are subject to change without notice.
• Investors are advised to consult a SEBI registered investment advisor before making investment decisions.
• Past performance of research calls does not guarantee future results. Market risks are inherent in all investments.

📞 Grievance Redressal

For any complaints or grievances regarding our research services, clients can contact us through the following channels:

• Email: grievance@sanwariyacapital.com
• Phone: +91 98934-46393 (Mon–Sat, 9 AM–6 PM)
• SEBI SCORES Portal: scores.gov.in
• Response Time: All complaints are acknowledged within 3 working days and resolved within 30 days.