Compliance & Disclosures

Capital Gains Research is an individual Research Analyst registered with SEBI under Registration Number INH000030986. The principal business is preparing and publishing independent research reports, market studies, and technical commentary on Indian listed equities, derivatives, and commodities.

• The Research Analyst, its associates, or relatives do not have any financial interest in the subject company exceeding statutory thresholds, unless specifically disclosed in the relevant report.
• The Research Analyst does not hold 1% or more beneficial ownership in any recommended subject company at the end of the month immediately preceding the date of publication.
• No actual or material conflict of interest exists at the time of publication of research reports.

• The Research Analyst has not received any compensation from the subject company in the past 12 months for investment banking, merchant banking, or brokerage services.
• The Research Analyst has not managed or co-managed public offerings of securities for the subject company in the past 12 months.
• Compensation received for research services is derived solely from client subscription fees remitted via formal banking channels.

Investments 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 performance of the intermediary or provide any assurance of returns to investors. Past performance is no guarantee of future returns.