Disclosure & Disclaimer
1. Regulatory Status & Purpose of this Document
This Disclosure and Disclaimer Statement has been prepared in compliance with the
SEBI (Research Analyst) Regulations, 2014, and the SEBI Master Circular for Research
Analysts SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/95 dated June 27, 2025.
The purpose of this document is to provide transparent, essential information about
our research and recommendation services, enabling Clients to make an informed
decision before availing such services.
2. General Information About the Research Analyst Entity
Name of Research Analyst Entity: ROSHNI KOLHE (PROPRIETOR : KOLHE ADVISORY AND RESEARCH)
SEBI Registration No.: INH000024000
Date of Registration: 05/12/2025
Legal Status: Proprietorship
Nature of Business: Providing SEBI-regulated research and recommendation services in
accordance with the SEBI RA Regulations, 2014.
The Company has no disciplinary history, no penalties, and no directions issued by
SEBI or any other regulatory authority.
The Company has no associates, as defined under the SEBI RA Regulations.
3. Mandatory SEBI Disclaimers
“Investment in securities market are subject to market risks. Read all related
documents carefully before investing.”
“Registration granted by SEBI and certification from NISM in no way guarantee the
performance of the intermediary or provide any assurance of returns to investors.”
4. Research Analyst Disclosures
4.1 Financial Interest / Ownership
The Research Analyst, its relatives and associates do not have any financial interest
in the subject company, unless specifically disclosed at the time of each recommendation.
The Research Analyst or its relatives/associates may or may not have beneficial ownership
of 1% or more in the subject company as of the last day of the previous month.
Any such ownership will be disclosed specifically in the respective research report.
4.2 Conflicts of Interest
The Research Analyst or its associates do not have any actual or potential conflicts
of interest with respect to the subject company at the time of publication.
Any conflict of interest, if it arises in the future, shall be disclosed to the Client
immediately.
4.3 Compensation
- Have not received any compensation from the subject company in the last 12 months.
- Have not managed or co-managed any public offering for the subject company.
- Have not received any compensation for investment banking, merchant banking from the subject company in the last 12 months.
- Have not received any compensation for products or services from the subject company or any third party in connection with the research report.
4.4 Other Business Relationships
The subject company was not a client of the Research Analyst, its employees, or associates
during the 12 months preceding the publication date.
None of the Research Analyst, employees, or associates have served as
director/officer/employee of the subject company.
The Research Analyst is not engaged in market-making activities for the subject company.
4.5 Use of Tools / Technology
Research may utilise data analytics, charting tools, or AI-assisted systems,
but final insights are always based on human review.
5. Risk Disclaimers
- Markets are inherently volatile.
- Past performance is not indicative of future results.
- Research reports, recommendations and views expressed are opinions, not investment advice.
- No research report shall be interpreted as a buy/sell order.
- Clients must evaluate their risk appetite, market conditions, and consult their own advisors before making investment decisions.
- The Research Analyst does not guarantee accuracy, completeness, timeliness or future returns.
6. No Assured Returns – Strict Prohibition
- Guaranteed or fixed returns
- Jackpot trades, sure-shot calls
- Profit-sharing schemes
- PMS, CIS, or fund management services
- Execution, trading or leverage services
Beware of fraudsters misusing our name.
We do not ask for passwords, trading credentials, OTPs or POA.
7. Execution Restrictions (As per SEBI RA Regulations)
- Execute trades
- Provide brokerage or execution services
- Manage client funds
- Request login IDs, passwords, or OTPs
- Seek POA or trading access
All investment decisions remain solely with the Client.
8. Disclosures Regarding Research Content & Sources
Information is obtained from sources believed to be reliable (public data, exchange
sources, international market news, company filings), but we do not guarantee completeness
or accuracy.
Analysis is subject to change without notice based on market conditions.
Reports may not incorporate the most recent news/events at the time of receiving/reading.
For updated company information, Clients may refer to:
https://www.bseindia.com
https://www.nseindia.com
https://www.mcxindia.com
9. Distribution & Jurisdiction Restrictions
Research reports are intended solely for the recipient and for informational purposes only.
Reports may not be reproduced, redistributed or published without written permission.
Reports are not intended for distribution in jurisdictions where such distribution is unlawful.
10. Liability Disclaimer
- Any investment losses arising out of decisions based on research reports.
- Errors, omissions, delays or interruptions in research delivery.
- Market losses caused by volatility, global events or unforeseen movements.
- Damages arising from reliance on third-party data or external links.
Clients must independently verify information and rely on their own judgement.
11. Grievance Redressal
Compliance Officer / Principal Officer
ROSHNI KOLHE
Email: Info@kolheadvisory.com
Unresolved grievances may be escalated to:
https://scores.sebi.gov.in
https://smartodr.in
12. Final Legal Statement
- Understanding all associated risks
- Accepting full responsibility for investment decisions
- Agreeing that research is purely informational
- Agreeing not to distribute, publish or reproduce the content without permission
KOLHE ADVISORY AND RESEARCH
SEBI Registered Research Analyst
Registration No. INH000024000
