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Sarjeet Rathi

Terms & Conditions

Terms and Conditions of Part Time Research Analyst Services

Sarjeet Rathi (Part Time Research Analyst or RA), is SEBI Registered Part Time Research Analyst bearing Registration No. INH000026947, enlisted with Research Analyst Administration and Supervisory Body (RAASB)- BSE Limited having its Enlistment No. as 7165.

Pursuant to SEBI (Research Analysts) Regulations, 2014, applicable Guidelines, Master Circular and circulars issued thereunder, RA is hereby disclosing below Terms & Conditions and Undertakings.

This document outlines the mandatory terms and conditions governing the relationship between the client (as detailed in Schedule 1) and the Research Analyst (RA).

By subscribing to or availing of research services provided by the RA, the client confirms their acceptance of these terms and conditions at their sole discretion.

1Acceptance of Research Services

  • •The client confirms that he/she has elected to subscribe the research service of the RA at his/her sole discretion.
  • •The RA confirms that the research services rendered shall be in accordance with the applicable provisions as outlined in the SEBI (Research Analysts) Regulations, 2014 (RA Regulations).

2Obligations on RA and Client

  • •Both the RA and the client shall be bound by SEBI Act, RA Regulations, and all the applicable regulations, rules, and notifications issued by SEBI or the Government of India, as may be in force from time to time.

3Client Information and KYC Requirements

  • •The client agrees to provide complete and accurate information as required by the RA for Know Your Customer (KYC) compliance, including any details as mandated by SEBI or RAASB from time to time.
  • •The RA will collect, store, upload and verify KYC records in accordance with SEBI guidelines through a KYC Registration Agency (KRA) as specified from time to time.

4Standard Terms of Service

By subscribing to the research services, the client confirms the following:

I/We have read and understood the terms and conditions applicable to a research analyst as defined under regulation 2(1)(u) of the SEBI (Research Analyst) Regulations, 2014, including the fee structure.

I/We are subscribing to the research services for our own benefits and consumption, and any reliance placed on the research report provided by research analyst shall be as per our own judgement and assessment of the conclusions contained in the research report.

I/We understand that any investment made based on the recommendations in the research report are subject to market risk, recommendations do not provide any assurance of returns, and there is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report.

By agreeing to render the research services, the RA declares the following:

  • •It is duly registered with SEBI as an RA under the SEBI (Research Analysts) Regulations, 2014 — Registration No. INH000026947, Registration date: May 12, 2026
  • •It has registration and the qualifications required to render the research services as contemplated under the RA Regulations and the same are valid and subsisting.
  • •The services provided do not conflict with or violate any applicable law or agreement.
  • •The maximum fee charged by the RA is ₹1.51 lakhs per annum per family of clients.
  • •Recommendations provided by the RA do not provide any assurance of returns.
  • •RA is not engaged in any other professional or business activity that could compromise the independence or objectivity of their research services.

5Fees and Payment Terms

  • •The client agrees to pay the fees for the research services as mutually agreed upon, along with applicable statutory charges. The Scope of service and fee details are enclosed as Annexure 1.
  • •The subscription fees shall be paid in advance, provided the advance amount is not more than that for a period one year only, as permitted by SEBI.
  • •Fees shall be payable by way of direct credit to the designated bank account/s through channels like Net Banking / Debit Card / NEFT / RTGS / IMPS / UPI / eNACH mandate. Fees shall not be accepted in cash.
  • •An option of payment through SEBI authorised Centralised Fee Collection Mechanism (CeFCoM) is available with every investor. Email request may be sent to RA for processing.

6Risk Factors

  • •Investments in securities carry inherent market risks, including potential loss of capital.
  • •Historical performance of recommendations is not indicative of future returns.
  • •The client must independently assess the suitability of investment decisions based on the research reports provided.
  • •Registration granted by SEBI/BSE, and certification from NISM in no way guarantee performance of the RA or provide any assurance of returns to the clients.

7Conflict of Interest

  • •The RA shall comply with all the applicable regulations/circulars/directions as specified by SEBI from time to time in relation to disclosure and mitigation of any actual or potential conflicts of interest.
  • •Any actual or potential conflict of interest will be disclosed transparently to the client as and when identified. Disclosures with respect to material information of the RA is described in Annexure 2.

8Termination of Services and Refunds

  • •The RA reserves the right to suspend or terminate services in the event of suspension or cancellation of their SEBI registration.
  • •In case of cancellation of SEBI Registration, RA shall refund the pro-rata fees for the remaining subscription period to the client.
  • •In case of Suspension of certificate of registration for more than 60 (sixty) days, RA shall refund the pro-rata fees for the remaining subscription period to the client.
  • •Remaining subscription period shall be period from the effective date of cancellation/suspension to end of the subscription period.

9Grievance Redressal and Dispute Resolution

Clients may escalate grievances related to deficiencies in services to the RA designated person:

  • •Non-receipt of research report
  • •Missing pages or inability to download the entire report
  • •Any other deficiency in the research services provided by RA

Contact details for grievance escalation:

Name: Sarjeet Rathi

Email: sarjeetrathi0001@gmail.com

  • •RA shall redress grievances of the client in a timely and transparent manner within seven business working days or as specified by SEBI.
  • •In case you are not satisfied with our response you can lodge your grievance with SEBI at https://scores.sebi.gov.in/ or write to any of the offices of SEBI.
  • •SCORES may be accessed through SCORES mobile application: Download on Google Play

ODR Portal — Online Dispute Resolution

As per SEBI circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131 dated July 31, 2023, on Online Resolution of Disputes in the Indian Securities Market, a common ODR Portal has been established.

Access ODR Portal — smartodr.in

10Mandatory Notices

Clients are advised to familiarize themselves with SEBI guidelines, including the Do and Don ts while dealing with RAs, as specified in SEBI Master Circular No. SEBI/HO/MIRSD-POD-1/P/CIR/2024/49 dated May 21, 2024.

View SEBI Master Circular

11Most Important Terms and Conditions (MITC)

  • •RA cannot execute/carry out any trade on behalf of the client. Clients are advised not to permit RA to execute any trade on their behalf.
  • •The current fee limit is Rs 1,51,000/- per annum per family of client for all research services of the RA. Fee limit does not include statutory charges and does not apply to non-individual clients/accredited investors.
  • •In case of pre-mature termination of RA services by either party, the client shall be entitled to seek refund of proportionate fees only for unexpired period.
  • •Cash payment is not allowed. Fees may be paid through cheque, online bank transfer, UPI, or CeFCoM managed by BSE Limited.
  • •Any assured/guaranteed/fixed returns schemes are prohibited by law. No such scheme shall be offered to the client by the RA.
  • •The RA cannot guarantee returns, profits, accuracy, or risk-free investments from the use of research services.
  • •The RA shall never ask for the client login credentials and OTPs for Trading Account, Demat Account and Bank Account. Never share such information with anyone including RA.
  • •Clients are required to keep contact details including email id and mobile number updated with the RA at all times.

For any grievances — Escalation Steps:

Step 1: Contact RA
9971688861
sarjeetrathi0001@gmail.com
Step 2: SEBI SCORES
scores.sebi.gov.in
Step 3: ODR Portal
smartodr.in

12Investor Charter

In regards of the latest SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/81 dated June 2, 2025, pertaining to the Revised Investor Charter for Research Analysts (RAs), Investor Charter is attached as Annexure 3.

Acknowledgment

By availing of the research services, the client confirms their consent to the above terms and conditions and acknowledges their understanding of the rights and obligations outlined herein.

For and on behalf of client —

Authorised Signatory

Schedule 1

Details of Client

Full Name

—

Entity Type

Individual / Partnership Firm / LLP / Company / HUF / Trust

Authorised Signatory (non-individual)

—

Residential / Registered Address

—

Email ID

—

Mobile No.

—

PAN

—

Details of Part Time Research Analyst

Full Name

Sarjeet Rathi

Entity Type

Part-time Individual Research Analyst

Registration No.

INH000026947

BSE Enlistment No.

7165

Registered Address

Gram Kota, House No. 113, Khandewla, Kota Khandewla 1 Tauru Mewat, Gurugram, Haryana, 122105

Contact No.

9971688861

Email

sarjeetrathi0001@gmail.com