These disclosures are made by Wealth Vision Research, SEBI Registered Research Analyst bearing Registration No. INH000029379, in compliance with Regulation 24(2) read with Chapter III of the SEBI (Research Analysts) Regulations, 2014, and the applicable circulars issued thereunder.
1. Analyst Certification
The Research Analyst responsible for the content of every research report published by us certifies that the views expressed in the report accurately reflect his personal views about the subject securities and issuers, and that no part of his compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in that research report.
2. Terms of Registration
Wealth Vision Research is registered with SEBI as a Research Analyst under Registration No. INH000029379, stated as valid from August 03, 2026 and subject to active SEBI registration and RAASB enlistment. Investors should verify the current status independently. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
3. Disclosures With Respect to Ownership and Material Conflicts of Interest
The Research Analyst discloses that, as on the date of publication of each research report:
| Sr. | Disclosure | Status |
|---|---|---|
| 1 | Whether the Research Analyst or his relatives have any financial interest in the subject company | Disclosed in each report |
| 2 | Whether the Research Analyst or his relatives have actual or beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication | Disclosed in each report |
| 3 | Whether the Research Analyst or his relatives have any other material conflict of interest at the time of publication | Disclosed in each report |
| 4 | Whether the Research Analyst has received any compensation from the subject company in the past twelve months | No |
| 5 | Whether the Research Analyst has managed or co-managed a public offering of securities for the subject company in the past twelve months | No |
| 6 | Whether the Research Analyst has received compensation for investment banking, merchant banking or brokerage services from the subject company in the past twelve months | No |
| 7 | Whether the Research Analyst has received compensation for products or services other than the above from the subject company in the past twelve months | No |
| 8 | Whether the Research Analyst has received any compensation or other benefits from the subject company or third party in connection with the research report | No |
| 9 | Whether the Research Analyst has served as an officer, director or employee of the subject company | No |
| 10 | Whether the Research Analyst has been engaged in market making activity for the subject company | No |
4. General Disclosures
- Research reports are prepared on the basis of information believed to be reliable and obtained from publicly available sources. We do not guarantee the accuracy, completeness or timeliness of such information.
- Research reports are issued for the general information of clients and do not constitute a personalised recommendation. They do not take into account the individual financial circumstances, objectives or risk tolerance of any specific recipient.
- The securities discussed may not be suitable for all investors. Investors must make their own investment decisions based on their specific objectives and financial position, and should consult their own advisers where necessary.
- Any opinion, projection or estimate expressed in a research report reflects the analyst's judgement as on the date of the report and is subject to change without notice.
- Past performance is not a guide to, or a guarantee of, future performance. The value of securities can go down as well as up.
- We may have issued, or may issue in the future, research reports that are inconsistent with, or reach different conclusions from, the information presented in a particular report, reflecting different assumptions, time horizons or valuation methods.
- No part of any research report may be reproduced, redistributed, sold or transmitted to any other person, in whole or in part, without our prior written consent.
5. Disclosure of Independence
The Research Analyst and the entity do not have any material association with the subject companies covered in research reports except as specifically disclosed within the report. Compensation of the Research Analyst is not connected with any specific research recommendation, and no employee, associate or third party has the ability to influence the substance of research through commercial arrangements.
6. Segregation of Activities
We carry on the activity of a Research Analyst only. We are not engaged in investment banking, merchant banking, brokerage, distribution of financial products, portfolio management, or investment advisory services. Accordingly, no conflict arises from any such related activity.
7. Compensation and Fees
Our income is derived solely from research subscription fees paid by clients under written agreements. As per SEBI norms, the maximum fee that a Research Analyst may charge an individual or HUF client is ₹1,51,000 per annum per family of client. Statutory charges are excluded from this ceiling. We do not accept any performance-linked, profit-sharing or success-based compensation, and we do not accept payment in cash.
8. Confidentiality of Client Information
Information provided by clients is treated as confidential and is used only for servicing the client relationship and for compliance with statutory requirements. It is not sold, rented, or disclosed to third parties except where disclosure is required by law or by a regulatory or judicial authority. See our Privacy Policy for full details.
9. Standard Warning
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
We do not offer, and have never offered, any assured, guaranteed or fixed return product. Any person promising assured returns in our name is not associated with us — please report it immediately.
10. Artificial Intelligence Use
No Artificial Intelligence tools are presently used to prepare or deliver our research services. If this changes, the extent and purpose of AI use will be disclosed to clients before the affected service is provided.
11. Compliance Audit Status
Not yet due. The first annual compliance audit will cover FY 2026-27 and its status, adverse findings (if any), and action taken will be published after completion within the applicable regulatory timeline. View the audit-status page.
These disclosures are reviewed periodically and updated as required. Last reviewed: August 2026. Related pages: Disclaimer · Terms & Conditions · Investor Charter