Research that
Earns trust.

In short: who we are, what we do and what we must tell you. We publish research reports only — no advice, no portfolio management and no trading for you. We have no disciplinary history and no associates, any financial interest in a recommended security is disclosed in the report, and we do not use AI to make recommendations.

This is the Regulatory Disclosure document of Amit Raju Sangawar. Its purpose is to provide essential information about the Research Services in a manner to assist and enable the prospective client or client in making an informed decision before engaging in Research services and before onboarding.

Before you become our client

Dear Investor,

Before subscribing to our research services, please carefully read all the information provided on this website, including:

• Our SEBI registration details;
• Nature and scope of research services;
• Fees and payment terms;
• Risks involved;
• Conflicts of interest;
• Terms and conditions;
• Most Important Terms and Conditions (MITC);
• Investor Charter;
• Grievance redressal mechanism;
• Complaint data;
• AI usage disclosure, if applicable;
• Other regulatory disclosures.

SEBI’s Investor Charter requires RAs to disclose material information necessary for an investor to make an informed decision, including business activity, disciplinary history, terms and conditions, associates, risks, conflicts of interest and extent of AI usage.

A. About the Research Analyst

• Name: Amit Raju Sangawar
• Trade name: Amit Raju Sangawar
• Registration status: SEBI Registered Research Analyst (Individual)
• SEBI Registration No.: INH000028972
• BSE Enlistment No.: 7384
• Validity: 17 July 2026 – Perpetual
• Registered office: Dabki Road, Laxmi Road, Akola, Maharashtra 444001, India
• Telephone: +91 90754 95590
• Email: query.amitsangawar@gmail.com
• Website: https://ascapitalresearch.com/

The Research Analyst received registration on 17 July 2026 and is enlisted with BSE (RAASB) under enlistment number 7384.

B. Nature of services

We provide research services in accordance with the SEBI (Research Analysts) Regulations, 2014 and applicable circulars, guidelines and directions issued by SEBI and the Research Analyst Administration and Supervisory Body (RAASB).

Our research services may include:

• Research reports;
• Independent research and analysis;
• Fundamental analysis;
• Technical analysis;
• Market and securities research;
• Research-based recommendations;
• Intraday/short-term research, where applicable;
• Research recommendations relating to securities/products covered under our registration.

Our research recommendations are based on analysis of publicly available information and known observations. As required under the Investor Charter, the Research Analyst seeks to provide an independent and unbiased view and to disclose relevant financial interests in recommended securities.

Important: We do not provide any assurance or guarantee of returns, profits, accuracy or risk-free investment. Any investment decision taken by a client based on our research is solely the client’s responsibility and is subject to market risks.

C. Terms and conditions of Research Services

• The Research Services will be limited to providing independent research recommendation and shall not be involved in any advisory or portfolio allocation services.
• The Research Analyst never guarantees the returns on the recommendation provided. Investors shall take note that investment or trading in stocks, index or other securities is always subject to market risk. Past performance is never a guarantee of the same future results.
• Research recommendations are based on analysis, publicly available information, and professional judgment at the time of issuance. While reasonable care is taken in preparing research recommendations, the Research Analyst does not guarantee the accuracy, adequacy, completeness, or profitability of any recommendation.
• Clients are advised to independently evaluate recommendations and exercise their own judgment before making investment decisions.
• The Research Analyst shall not be held responsible for losses arising solely due to market risks, volatility, price fluctuations, or independent investment decisions taken by the client.

D. Disciplinary history

• There are no material disciplinary actions, proceedings or regulatory orders against the Research Analyst as on the latest date of updated website, except as specifically disclosed below.
• 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 the Regulations made thereunder against the Research Analyst relating to Research Analyst services.

Disclosure: None.

E. Associates and other activities

• Associates: Nil
• Other business/professional activities of the RA: Nil

Any activity that may create an actual or potential conflict of interest with the research services shall be appropriately disclosed and managed in accordance with applicable SEBI requirements.

F. Conflict of interest

We are committed to providing independent and unbiased research. However, circumstances may arise in which an actual or potential conflict of interest exists. We shall disclose material conflicts of interest that may affect the research services or recommendations provided to you and shall take appropriate steps for their management/mitigation in accordance with applicable SEBI regulations and circulars. Where a financial interest exists in a security covered by a research recommendation, the applicable disclosure shall be made in the research report/recommendation.

With respect to research and recommendation services:

• The Research Analyst or its associates may have actual or potential financial interests, investments, or trading positions in securities forming part of research recommendations. Such interests, if any, shall be disclosed in compliance with the SEBI (Research Analysts) Regulations, 2014 and related circulars.
• There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products or securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of Research Analyst services. Such conflict of interest shall be disclosed to the client as and when they arise.
• The Research Analyst or its associates have not received any compensation from the company which is the subject matter of recommendation.
• The Research Analyst or its associates have not managed or co-managed the public offering of any company.
• The Research Analyst or its associates have not received any compensation for investment banking, merchant banking or brokerage services from the subject company.
• The Research Analyst or its associates have not received any compensation for products or services other than the above from the subject company.
• The Research Analyst or its associates have not received any compensation or other benefits from the subject company or any third party in connection with the research report or recommendation.
• The subject company was not a client of the Research Analyst or its associates during the twelve months preceding the date of the recommendation services provided.
• The Research Analyst or its associates has not served as an officer, director or employee of the subject company.
• The Research Analyst has not been engaged in market making activity of the subject company.

G. Financial interest disclosure

The Research Analyst and/or its associates may from time to time have actual or beneficial ownership, financial interest, or positions in securities that are the subject matter of research recommendations. Necessary disclosures, wherever applicable, shall be made in accordance with SEBI regulations.

H. Ownership of one per cent or more

The Research Analyst and applicable associates or relatives do not have actual or beneficial ownership of one per cent or more of the subject company as at the end of the month immediately preceding publication, except as disclosed.

Disclosure: None.

I. Disclosure on the use of Artificial Intelligence tools

• We do not use automated algorithmic generation, AI agents or machine-learning systems to generate market recommendations, price targets, valuations or rating rationales. Every analytical judgement in a research report is formed manually by the certified Research Analyst, Amit Raju Sangawar.
• AI-assisted tools may be used for supporting functions only — proofreading and language editing, formatting, website accessibility and responsiveness, and routine administrative work.
• The Research Analyst remains solely responsible for the security, confidentiality and integrity of client data and for the research services provided, regardless of the scale or scenario of any tool’s use.

J. Client responsibility and suitability

The client is advised to consider the suitability of research recommendations in light of their financial condition, risk appetite, investment objectives, and investment horizon. Research recommendations may not be suitable for all investors.

K. Standard warning

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

L. Grievance redressal and dispute resolution

In case of any grievance or complaint against the Research Analyst, clients may first contact the Research Analyst through the official grievance redressal mechanism available on this website — query.amitsangawar@gmail.com or +91 90754 95590. See how to raise a grievance for the full escalation route through SEBI SCORES and SMART ODR.

M. Regulatory updates

The contents of this Disclosure Document are subject to revision in accordance with applicable SEBI regulations, circulars, and amendments issued from time to time.

N. Disclaimer

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

O. Advertising and communication commitments

SEBI prescribes an advertisement code for Research Analysts. Any communication in our name that breaks one of the commitments below is not genuine — please report it.

• We will always state our SEBI registration number and the standard warning in every advertisement and communication.
• We will always describe our service accurately as research reports — never as advice, tips or a signal service.
• We will never promise, guarantee or imply any return, profit, success rate or capital protection.
• We will never publish performance claims, back-tested returns, accuracy percentages, or client testimonials about returns.
• We will never claim that SEBI registration is an approval, endorsement or assurance of performance.

In short: SEBI’s charter sets out what we commit to do for you, your rights as an investor, and how to complain. It also lists do’s and don’ts — most importantly, never give a Research Analyst money to invest, never pay in cash, and never share passwords or OTPs.

A. Vision

Invest with Knowledge & Safety.

Mission

Every investor should be able to invest in appropriate investment products based on their needs, manage and monitor their investments to meet their goals, access relevant reports and work towards financial well-being.

B. What we do for investors

As a Research Analyst, we:

• Publish research reports based on our research activities;
• Provide independent and unbiased views on securities;
• Provide unbiased recommendations while disclosing relevant financial interests;
• Provide research recommendations based on publicly available information and known observations;
• Conduct annual compliance audit;
• Ensure advertisements comply with the applicable Advertisement Code;
• Maintain records of interactions with clients and prospective clients where discussions relating to research services take place.

C. Services and client onboarding

Before onboarding, we shall provide you with the applicable terms and conditions of research services. For fee-paying clients, applicable KYC requirements shall be completed.

We shall provide material information necessary for you to make an informed decision, including:

• Our business activities;
• Disciplinary history;
• Terms and conditions;
• Associates;
• Risks;
• Conflicts of interest;
• AI usage, where applicable;
• Other relevant regulatory disclosures.

We shall also:

• Distribute research reports/recommendations without discrimination;
• Maintain confidentiality of research reports until publication;
• Protect client data and privacy;
• Disclose service timelines;
• Provide appropriate caution/guidance for complex and high-risk products;
• Treat clients with honesty and integrity;
• Maintain confidentiality of client information except where disclosure is legally required or authorised.

D. Grievance redressal mechanism

In case of any grievance or complaint, an investor should approach the Research Analyst at query.amitsangawar@gmail.com, or at the registered office at Dabki Road, Laxmi Road, Akola, Maharashtra 444001, India. The grievance shall be resolved within 21 calendar days. If it is not redressed satisfactorily, the investor may lodge a complaint on SEBI’s SCORES portal, and thereafter use SMART ODR. Physical complaints may be sent to: Office of Investor Assistance and Education, Securities and Exchange Board of India, SEBI Bhavan, Plot No. C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051, India.

The complete escalation route and its timelines are set out under how to raise a grievance.

E. Your rights as an investor

You have the right to:

1. Privacy and confidentiality;
2. Transparent practices;
3. Fair and equitable treatment;
4. Adequate information;
5. Initial and continuing disclosures;
6. Receive statutory and regulatory disclosures;
7. Fair and true advertising;
8. Be informed about service parameters and turnaround times;
9. Be informed of applicable service timelines;
10. Be heard and receive satisfactory grievance redressal;
11. Timely grievance resolution;
12. Exit from the financial service in accordance with agreed terms;
13. Receive appropriate guidance and caution when dealing with complex/high-risk financial products;
14. Provide feedback;
15. Protection against coercive, unfair or one-sided contractual clauses.

F. Your responsibilities as an investor

Do’s — you should:

1. Deal only with a SEBI-registered Research Analyst.
2. Verify the validity of the Research Analyst's registration.
3. Check the SEBI registration number. The list of all SEBI registered Research Analysts is on the SEBI website (opens in a new tab).
4. Read disclosures in research reports carefully before investing.
5. Pay fees only through permitted banking/payment channels and retain payment records.
6. Before buying/selling securities, consider the research recommendation and independently evaluate it.
7. Ask questions and clarify doubts before acting on recommendations.
8. Seek clarification particularly where recommendations involve complex/high-risk products.
9. Remember that you have the right to stop availing research services in accordance with the agreed terms.
10. Provide feedback regarding the services.
11. Remember that you are not bound by any contractual clause that contravenes regulatory provisions.
12. Report any Research Analyst offering assured/guaranteed returns to SEBI.

Don’ts — you should not:

1. Give funds to the Research Analyst for investment purposes.
2. Fall for luring advertisements or market rumours.
3. Be attracted by limited-period discounts, gifts, incentives or similar inducements.
4. Share your trading account, demat account or bank account login credentials/passwords/OTP with the Research Analyst.
5. Pay any cash or cash equivalent to the Research Analyst.
6. Sign blank documents, or accept any offer of guaranteed returns or profits.
7. Deal with unregistered intermediaries.
8. Act on messages received on unverified social media or messaging channels.

In short: the twelve points to know before you pay. We never trade or hold money for you. Fees for individuals and HUFs are capped at ₹1,51,000 per annum, per family of client. No cash. No guaranteed returns. If you leave early you get the unused fees back. Complain to us first, then on SEBI SCORES, then SMART ODR.

Dear Investor, please read the following carefully before subscribing to our research services.

1. No trading on your behalf

These terms relate to research services only. The Research Analyst cannot execute or carry out any purchase/sale transaction on your behalf. You should never permit the Research Analyst to execute trades on your behalf. The Research Analyst does not accept, hold or manage your funds or securities.

2. Fee limit

For individual and HUF clients, the fee charged shall be subject to the applicable maximum fee prescribed by SEBI/RAASB. The current limit stated in the Master Circular is ₹1,51,000 per annum, per family of client, excluding statutory charges. The prescribed fee ceiling does not apply to non-individual clients/accredited investors.

3. Advance fees and refund

Where agreed by the client, fees may be charged in advance subject to the applicable regulatory limit. In the event of premature termination, the client shall be entitled to proportionate refund for the unexpired period, subject to applicable regulations and agreed terms.

4. Payment

Fees may be paid through permitted modes such as cheque, online bank transfer, UPI, etc. Cash payment is not permitted. The optional Centralised Fee Collection Mechanism (CeFCoM) of the RAASB may be available where applicable.

5. Conflict of interest

The Research Analyst shall comply with applicable requirements concerning disclosure and mitigation of actual or potential conflicts of interest and shall endeavour to promptly inform clients of any conflict that may affect the services.

6. No guaranteed returns

Any assured, guaranteed or fixed-return scheme, or any similar scheme, is prohibited by law and shall not be offered by the Research Analyst.

7. No guarantee of profit/accuracy

The Research Analyst cannot guarantee returns, profits, accuracy or risk-free investments from the use of research services. Research opinions, projections and estimates are based on available information and assumptions as on the date of preparation/publication of the research report.

8. Investment risk

Investments based on research recommendations are subject to market risks. Research recommendations do not provide any assurance of returns. Any reliance on the research report shall be based on your own judgement and assessment.

9. Registration does not guarantee performance

SEBI registration, RAASB enlistment and NISM certification do not guarantee the performance of the Research Analyst or assure any returns to the client.

10. Grievance escalation

• Step 1: Contact the Research Analyst/Grievance Officer at query.amitsangawar@gmail.com or +91 90754 95590.
• Step 2: If you are not satisfied with the resolution, you may lodge a grievance through SEBI’s SCORES platform (opens in a new tab).
• Step 3: You may also consider the SMART ODR platform (opens in a new tab) for online conciliation/arbitration as applicable.

11. Keep your contact details updated

You must keep your email address and mobile number updated with us.

12. Never share passwords/OTP

We will never ask you for your trading account, demat account or bank account login credentials, passwords or OTPs. Never share these details with anyone, including the Research Analyst.

In short: the agreement you accept when you subscribe. You complete KYC and pay through permitted channels, never cash. Reports are for your own use and must not be forwarded or shared. You act on research using your own judgement and at your own risk. You can end the subscription at any time.

1. Availing the research services

By accepting delivery of the research service, you confirm that you have elected to subscribe to the research service of the Research Analyst at your sole discretion. The Research Analyst confirms that the research services shall be rendered in accordance with the applicable provisions of the SEBI (Research Analysts) Regulations, 2014 and applicable SEBI/RAASB rules, regulations, circulars and directions.

2. Obligations of the Research Analyst and client

The Research Analyst and the client shall be bound by the SEBI Act and all applicable rules and regulations of SEBI, including the SEBI (Research Analysts) Regulations, 2014, and relevant notifications/circulars/directions issued by the Government, SEBI and RAASB, as may be applicable from time to time.

3. Client information and KYC

You shall provide all information and documents required by the Research Analyst in the prescribed format. The Research Analyst shall collect, store, upload and verify your KYC records with the KYC Registration Agency (KRA), as required by SEBI from time to time.

4. Standard terms of service

By subscribing to the research services, you confirm:

“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 Analysts) Regulations, 2014, including the fee structure.

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

I/We understand that:

1. Any investment made based on the recommendations in the research report is subject to market risk.
2. Recommendations in the research report do not provide any assurance of returns.
3. There is no recourse to claim any losses incurred on the investments made based on the recommendations in the research report.”

5. Declaration by the Research Analyst

We declare that:

• We are duly registered with SEBI as a Research Analyst;
• Our registration and qualifications required to provide the research services are valid and subsisting;
• The research services provided by us do not conflict with or violate applicable law/regulation;
• The applicable maximum fee limit shall be complied with;
• Our recommendations do not provide any assurance of returns;
• As an individual Research Analyst, Amit Raju Sangawar is not engaged in any other business or professional activity, and is independent of any activity that could conflict with the research services.

6. Consideration and mode of payment

You shall pay the agreed research service fee and applicable statutory charges through the permitted payment modes/mechanisms. Cash payments shall not be accepted.

7. Risk factors

Investment in securities is subject to market risks. Past performance is not indicative of future performance. Research recommendations are based on analysis of information available at the time of preparation and may change as market conditions change. You should independently evaluate the suitability and risks of any investment before acting on a research recommendation.

8. Conflict of interest

The Research Analyst shall comply with applicable SEBI/RAASB regulations, circulars and directions relating to disclosure and mitigation of actual or potential conflicts of interest. Any material conflict that may affect the services provided to the client shall be disclosed as applicable.

9. Termination and refund

The Research Analyst may suspend or terminate research services in circumstances permitted under applicable regulations, including suspension/cancellation of the Research Analyst’s registration. In case the RA’s registration is suspended for more than 60 days or cancelled, the applicable fees shall be refunded on a pro-rata basis for the unexpired period, as prescribed. You may also terminate at any time; see the refund policy.

10. Grievance redressal

If you have a grievance relating to:

• non-receipt of a research report;
• missing pages;
• inability to download the complete report; or
• any deficiency in research services,

you may first contact the designated grievance officer/person of the Research Analyst. The Research Analyst shall endeavour to resolve grievances within the applicable prescribed timeline.

• Grievance Officer: Amit Raju Sangawar
• Email: query.amitsangawar@gmail.com
• Telephone: +91 90754 95590

11. Additional clauses

Any additional voluntary clause shall not contravene SEBI regulations, circulars or directions. Any change to voluntary clauses/documents shall be preceded by the prescribed notice. The following voluntary clauses apply:

• Eligibility. Services are offered to residents of India who have completed KYC through a SEBI-registered KYC Registration Agency and have consented to these terms and the MITC.
• Intellectual property and redistribution. Research reports are licensed to the individual subscriber for personal, non-commercial use only. Copying, forwarding, publishing or redistributing reports — including on Telegram, WhatsApp or any other channel — is prohibited and may result in termination of the subscription, in addition to any legal remedy available.
• Suspension for breach. We may suspend or terminate a subscription for breach of these terms, including redistribution of reports, or where continuing would breach a law or regulation.
• Governing law. These terms are governed by the laws of India. Disputes are subject to the grievance and Online Dispute Resolution mechanisms prescribed by SEBI, and otherwise to the jurisdiction of the courts at Akola, Maharashtra.

12. Do’s and Don’ts

Before subscribing, you are requested to read the Investor Charter and the Do’s and Don’ts applicable to dealing with a Research Analyst.

In short: our research is opinion, not a promise, and it can go out of date. Every service we offer covers options, which can lose their entire value in a single session.

1. Standard risk

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

Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

2. No guaranteed profits

The Research Analyst does not provide any assurance or guarantee of returns, profits, accuracy or risk-free investment.

3. Research recommendation risk

Research recommendations are opinions based on research and analysis and should not be construed as a guarantee of any particular outcome.

The actual performance of any security may differ materially from the expectations expressed in a research report or recommendation.

A recommendation may become outdated or invalid due to changes in market conditions, corporate actions, economic developments, regulatory changes or other circumstances.

Clients should independently evaluate the suitability of any investment before acting on a research recommendation.

4. Derivatives risk

Every research service we offer covers derivatives — index options, stock options and commodity options. Derivatives are leveraged; options can lose their entire value within a single session, and losses can accumulate rapidly. Please read the SEBI derivatives-loss statistics published on this page before subscribing.

In short: we collect only what we need to answer you and serve clients, such as your name, contact details and KYC. We keep it as long as the law requires and never sell it. This website uses no advertising, analytics or tracking cookies.

Effective date: 3 October 2026 · Last updated: 3 October 2026

This Privacy Policy explains how Amit Raju Sangawar, SEBI Registered Research Analyst (SEBI Registration No. INH000028972; BSE Enlistment No. 7384) (“we”, “us”, “our” or “Research Analyst”), trading as Amit Raju Sangawar, collects, uses, stores, protects and processes personal information of visitors, users and clients of ascapitalresearch.com (“Website”). By accessing or using the Website or voluntarily providing personal information through the Website, you acknowledge that you have read and understood this Privacy Policy.

Information we collect

We may collect information such as name, contact details, email address, mobile number, PAN/KYC-related information, information provided during registration or onboarding, payment and transaction-related information, communications, preferences, technical information, IP address, browser/device information and other information reasonably necessary for providing our services and complying with applicable laws and regulatory requirements. Personal information may be collected when you register on the Website, submit an enquiry, subscribe to research services, communicate with us, make a payment, participate in any form or otherwise interact with the Website.

How we use it

We use such information for purposes including responding to enquiries, creating and administering user/client accounts, providing research services, processing payments, communicating with users and clients, improving our Website and services, maintaining records, preventing fraud or misuse, resolving grievances, maintaining security, and fulfilling our obligations under applicable laws, SEBI regulations, circulars, directions and other regulatory requirements.

Sharing and disclosure

We may share or disclose information only where reasonably necessary for providing services, processing payments, maintaining technology or other operational functions, or where required or permitted by applicable law, regulatory authorities, courts, governmental authorities or other competent bodies. We do not sell personal information to third parties for their independent commercial use. Where third-party service providers are used, we expect them to process information only for the relevant purpose and in accordance with applicable contractual and legal requirements. Payment data is processed by the banking channel or payment gateway used; we do not store card details.

Cookies

This Website does not use advertising, analytics or tracking cookies. Your acknowledgement of the entry disclaimer is stored in your own browser for the current session only, and any accessibility settings you choose (text size, contrast and similar) are stored in your own browser until you reset them. Neither is transmitted to us. If this changes, this policy will be updated before any such technology is introduced, and you will be able to control or restrict cookies through your browser settings.

Security and retention

We take reasonable technical and organisational measures to protect personal information against unauthorised access, alteration, disclosure, misuse, loss or destruction; however, no method of transmission or storage over the internet can be guaranteed to be completely secure. We retain personal information only for as long as reasonably necessary for the purposes for which it was collected and/or as required under applicable legal, regulatory, accounting, audit, record-keeping and compliance requirements, including the record-keeping period under the SEBI (Research Analysts) Regulations, 2014.

Your choices

You should ensure that information provided to us is accurate and up to date and should promptly notify us of any material change. Subject to applicable law and regulatory requirements, you may contact us regarding access, correction, updating, withdrawal of consent where applicable, or other privacy-related requests concerning your personal information. Withdrawal of consent may not affect processing already undertaken pursuant to consent and may not be possible where continued processing or retention is required by law or regulatory requirements.

Third-party links and changes

The Website may contain links to third-party websites, applications or platforms; we are not responsible for the privacy practices, security or content of such third parties, and users should review their respective privacy policies before providing information. This Privacy Policy may be amended from time to time to reflect changes in applicable laws, regulations, regulatory requirements, technology or our practices. The updated version shall be published on the Website with the revised “Last updated” date. Nothing in this Privacy Policy limits any rights or obligations available under applicable law, including applicable data-protection, privacy and SEBI regulatory requirements. In case of any conflict between this Privacy Policy and a mandatory requirement of applicable law or SEBI regulations/circulars, the applicable statutory or regulatory requirement shall prevail.

Contact for privacy-related queries

• Amit Raju Sangawar, SEBI Registered Research Analyst
• SEBI Registration No.: INH000028972 · BSE Enlistment No.: 7384
• Address: Dabki Road, Laxmi Road, Akola, Maharashtra 444001, India
• Email: query.amitsangawar@gmail.com · Contact no.: +91 90754 95590
• Compliance Officer: Amit Raju Sangawar · query.amitsangawar@gmail.com · +91 90754 95590

By using the Website and voluntarily submitting personal information, you acknowledge that you have read and understood this Privacy Policy.

In short: you get money back for a double charge, for reports we fail to deliver, for the unused part of a subscription you end early, or if our registration is suspended or cancelled. Trading losses are not refunded. Email us your invoice; refunds take 10 to 15 working days.

A. Eligible refund scenarios

• Double payment or billing error. If you are charged more than once due to a gateway or technical error, the duplicate transaction is refunded in full.
• Non-delivery of services. If we fail to deliver the research reports promised under your subscription, you are entitled to a refund.
• Premature termination. On termination, you are entitled to a proportionate refund of fees for the unexpired subscription period, with no breakage fee.
• Regulatory action. If the registration of the Research Analyst is suspended for more than 60 days or cancelled, fees collected for the unexpired portion of the subscription period are refunded pro-rata, as prescribed.

B. Non-refundable scenarios

• Market losses. Refunds are not issued for losses incurred on trades or investments made on the basis of our research. The investment decision is yours.
• Performance dissatisfaction. Dissatisfaction with the market performance of a covered security, or with a target or stop-loss being hit, is not a ground for refund.

C. Claiming a refund

Email query.amitsangawar@gmail.com with your invoice details and proof of transaction. Verified refunds are processed to the bank account from which payment was made, within 10 to 15 working days. Statutory deductions such as GST already remitted, and payment-gateway charges, may be deducted from the refund amount as permitted.

In short: use this website lawfully and do not copy its content. Nothing here is a personal recommendation or a promise of returns. Paid services are governed by the documents above.

By accessing, browsing, registering on, or using this Website, you acknowledge and agree to comply with these Terms of Website Use. The Website is operated by Amit Raju Sangawar, SEBI Registered Research Analyst (SEBI Registration No. INH000028972; BSE Enlistment No. 7384), trading as Amit Raju Sangawar, and is intended to provide information relating to research services, securities-market research, reports, market observations and related disclosures.

You agree to use the Website only for lawful purposes and not to misuse, copy, reproduce, distribute, modify, scrape, transmit or commercially exploit its content, research reports, text, images, graphics, logos, trademarks or other intellectual property without prior written permission. Where an account is created, you are responsible for providing accurate information, maintaining the confidentiality of your login credentials and notifying the Research Analyst of any unauthorised use; the Research Analyst may suspend or terminate access in case of misuse, violation of these Terms, security concerns or legal/regulatory requirements.

The Website may contain information obtained from third-party sources or links to third-party websites, and reasonable care is taken regarding the accuracy of information, but no representation or warranty is made that such information is complete, accurate, current or error-free. To the maximum extent permitted by applicable law, the Research Analyst shall not be liable for losses arising from use of or reliance upon Website content, technical interruptions, third-party services or investment decisions taken by users.

Information on the Website is for informational and research purposes and should not be construed as a guarantee, assurance of returns or a personalised investment recommendation. Investment in securities market is subject to market risks, and users should independently evaluate investment decisions and read all applicable documents carefully before investing. Paid research services, where applicable, are governed separately by the applicable Client Agreement, Terms and Conditions, MITC, Risk Disclosures and other regulatory documents.

The Research Analyst may modify these Terms or Website content from time to time. These Terms shall be governed by the laws of India and shall remain subject to applicable SEBI regulations, circulars and other regulatory requirements, which shall prevail in case of any inconsistency. By continuing to use the Website, you confirm that you have read, understood and agreed to these Terms.

In short: our reports are general research for subscribers, not personal investment advice. We do not guarantee returns or accuracy and are not liable for losses. This website is meant for residents of India.

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

Registration granted by SEBI, enlistment with a SEBI recognised supervisory body and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

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