Disclosure & Disclaimers

Market Risk Warning

• Market risks may result in partial or permanent loss of investments under certain market conditions.
• Past performance is not indicative of future results.
• Historical returns should not be relied upon as a basis for future investment decisions.

Important Notice for Investors & Traders

• Please do not ask about specific investment amounts, lot sizes, or prices for securities.
• Follow portfolio allocations, group calls, and exit calls responsibly.
• Holding securities emotionally may result in significant losses.
• Invest according to your own risk tolerance.
• Discounts may be offered at management discretion.

Fee Payment & Investor Protection

• All service fees must be paid only via official website: www.ztrades.com or verified bank/payment channels.
• Centralized Fee Collection Mechanism (CeFCoM) may apply where applicable.
• No third party or employee is authorized to guarantee returns.

Regulatory Information

Disciplinary History Statement

• STOCKVISTA RESEARCH PRIVATE LIMITED and its partners have a clear and unblemished regulatory record.
• No disciplinary actions, penalties, or sanctions have been imposed by any regulatory authority.
• This disclosure is made in compliance with SEBI (Research Analyst) Regulations, 2014.

Terms & Conditions of Issuance

Purpose and Audience

• Research reports are issued exclusively to clients of STOCKVISTA RESEARCH PRIVATE LIMITED.
• Recommendations are provided for informational purposes only.

Basis and Reliability of Information

• Information is prepared using data believed to be reliable at the time of publication.
• Publicly available and trusted sources are used for research preparation.
• Reports are reviewed to avoid misleading information.

Nature of Recommendations

• Research reports do not constitute solicitation to buy or sell securities.
• Recommendations are based on technical and fundamental analysis.
• Daily security charts are available on NSE and BSE websites.

Limitation of Liability

• Investors are solely responsible for their investment decisions.
• No warranties are provided regarding accuracy or profitability.
• Investments are subject to market risks.

Conflict of Interest & Ownership Disclosure

• Neither the company nor its research analysts hold 1% or more equity in subject companies.
• There are no material conflicts of interest at the time of publication.
• No compensation has been received for investment banking or brokerage services from subject companies.
• No market-making activity has been undertaken for subject companies.

AI & Algo Platform Disclosure

• Recommendations may involve AI and Algo tools.
• AI systems may contain technical vulnerabilities and cybersecurity risks.
• There is no guarantee of success or returns from AI-generated recommendations.
• Investors bear full responsibility for investment actions.

Model Portfolio Disclaimer

• Model portfolios are issued only for illustration and educational purposes.
• They do not constitute personalized investment advice.
• Investors should consult a financial adviser before acting upon any portfolio.

Notice on Unregulated Products

• No SEBI protection or dispute resolution mechanism is available for such products.
• Investors should exercise extreme caution.
• References to such products are only research commentary.

Securities / Stock Rating Definitions