Every call is a ticket,
not a tip.

1. Mohd Rizwan is registered with SEBI as a Research Analyst vide registration number INH000020536, dated 25 May 2025, pursuant to which he provides Research Analyst services to clients.
2. Investment in securities market is subject to market risks. Read all the related documents carefully before investing.
3. Market risks refer to partial or permanent loss on your investments in certain market conditions.
4. Registration granted by SEBI and certification from NISM in no way guarantees the performance of the intermediary or provides any assurance of returns to investors.
5. We do not promise any guaranteed returns, since stock prices are subject to multiple market factors. Any unfavourable market event may affect the prices of the stocks.
6. We do not make any representation, warranty, or guarantee as to the accuracy, completeness or timeliness of the information (including news, prices, statistics, analysis and the like) provided through this platform. In no event shall we be liable to any person for any decision made or action taken in reliance upon the information provided by us.
7. Neither Mohd Rizwan nor his marketing agents shall be held liable/responsible in any manner whatsoever for any losses clients may incur due to acting upon our research calls.
8. We will not be involved in the client's portfolio management, hand-holding support, profit sharing or account handling.
9. Mohd Rizwan is a SEBI registered "Research Analyst", not an "Investment Adviser" — we will not be involved in personalised stock recommendations.
10. The client is responsible for carrying out risk management and position sizing on their own.
11. Past performance of our research calls does not guarantee the same results.
12. Mohd Rizwan and his associates do not buy the stocks 30 days prior to, and not in the next 5 days from, the date of publication of the research report/recommendation.
13. If the research analyst or his associates already hold any shares or have any conflict of interest with the subject company prior to 30 days of publication of the research report/recommendation, the same will be notified in the report at the time of publication.
14. The research analyst and his associates do not receive any compensation or consideration from the subject companies recommended in the research reports, in the past twelve months.
15. The research analyst and his associates do not manage or co-manage any public offering of securities for the subject companies in the past twelve months.
16. The research analyst and his associates do not have a financial interest in the subject companies given in the research reports.
17. If the research analyst or his associates have served as an officer, director or employee of the subject companies in the past, this will be notified in the research report at the time of publication.

As per SEBI RA Regulations circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2025/004 dated 08 January 2025, by subscribing to the research services, the client acknowledges and agrees to the following:

Availing the research services

By accepting delivery of the research service, the client confirms he/she has elected to subscribe at their sole discretion. Research services are rendered in accordance with the applicable provisions of the RA Regulations.

Declarations from Mohd Rizwan

• Registered with SEBI as a Research Analyst — Registration No. INH000020536, dated 25 May 2025, perpetual validity; BSE Enlistment No. 6816.
• Holds the registrations and qualifications required to render services under the RA Regulations, and they are valid and subsisting.
• Research Analyst services do not conflict with or violate any provision of law, rule, regulation, contract or other instrument.
• The maximum fee that may be charged is ₹1,51,000 per annum per family of client (individual clients; excludes statutory charges).
• Recommendations do not provide any assurance of returns.
• As an individual RA, is not engaged in any other whole-time or executive-capacity professional/business activity that could interfere with the independence of research reports or recommendations.

Consideration and mode of payment

Fees and statutory charges are payable through specified modes communicated by the Research Analyst (including payment gateways/processors, NEFT, IMPS, the Centralised Fee Collection Mechanism for RAs, or cheque). Up to 12 months' advance payment may be collected based on mutual agreement.

Risk factors

Investments in securities markets are inherently risky and subject to market dynamics. SEBI registration and NISM certification in no way guarantee performance or assure returns.

Conflict of interest

Full disclosures on conflict of interest are provided in each research report, in line with SEBI's regulations/circulars/directions.

Termination of service and refund of fees

If Mohd Rizwan's RA registration is suspended for a period exceeding 60 days or is cancelled, the residual subscription fee will be refunded to the client on a pro-rata basis for the period from the effective date of suspension/cancellation to the end of the subscription period.

Grievance redressal and dispute resolution

Grievances relating to non-receipt of a research report, missing pages, inability to download a report, or any other service deficiency should be escalated by email to arstox8@gmail.com. Grievances are addressed within 7 business days or such timeline as SEBI may specify. See the full Grievance Redressal section below for escalation steps.

Most Important Terms and Conditions (MITC)

1. These terms are for research services only — the RA cannot execute any trade (purchase/sale) on the client's behalf. Clients must not permit the RA to execute trades for them.
2. Fees are capped at ₹1,51,000 per annum per family of client for individual/HUF clients (excludes statutory charges); the cap does not apply to non-individual clients or accredited investors.
3. Advance fees, if agreed, cannot exceed the SEBI-stipulated period (currently one year). On pre-mature termination by either party, the client may seek a refund of proportionate fees for the unexpired period.
4. Fees may be paid by cheque, online bank transfer, UPI, etc. Cash payment is not allowed. Payment may optionally be made through the Centralised Fee Collection Mechanism (CeFCoM) managed by BSE Limited.
5. Any assured/guaranteed/fixed-return scheme of any nature is prohibited by law and will never be offered.
6. The RA cannot guarantee returns, profits, accuracy, or risk-free investment outcomes. Recommendations are based on analysis of available data as of the date of the report and do not assure returns; there is no recourse to claim losses based on recommendations.
7. Clients must keep contact details, including email and mobile number, updated with the RA at all times.
8. The RA will never ask for a client's login credentials or OTPs for their Trading, Demat or Bank Account. Never share such information with anyone, including the RA.

Use of Artificial Intelligence

AI tools may infrequently be used in research services to enhance the quality and efficiency of recommendations. In accordance with Regulation 24(7) of the SEBI (Research Analyst) Regulations, 2014, full responsibility is taken for the security, confidentiality and integrity of client data used with AI tools, and compliance with applicable laws is ensured.

No research service is rendered and no fee is charged until the client's consent is received on these terms and conditions.

Under the Prevention of Money Laundering Act, 2002 (PMLA), all SEBI-registered entities must report suspicious transactions to FIU-IND. As a Research Analyst, execution and demat/trading account handling are not part of the services offered, so identifying beneficial ownership of a client's securities account remains the responsibility of the broker handling that account.

Client due diligence

• No account is opened in a fictitious or benami name, or on an anonymous basis.
• KYC is verified in line with SEBI KYC (Know Your Client) Registration Agency Regulations via CVL KRA / NDML KRA / BSE KRA.
• Clients are checked against SEBI/Exchange debarment lists before onboarding.
• Fee collection is only through the RA's bank account — no cash transactions are accepted for fee payment.

Record maintenance

Client records are maintained for a minimum of 10 years, or until resolution of any related regulatory action.

Reporting

Cash transactions above ₹10 lakh, connected series of transactions below that threshold within a calendar month, and any suspicious transaction (cash or otherwise) are reportable under PMLA rules to the Director, Financial Intelligence Unit-India (FIU-IND), New Delhi.

Role of the Principal/Compliance Officer

Responsible for communicating the AML policy to staff, receiving and evaluating reports of suspicious dealings, reporting to appropriate authorities, and reviewing the policy whenever regulatory guidance changes. An internal awareness session is conducted annually in the first week of April.

This Privacy Policy applies to online activity on this website and covers information visitors share with or that is collected by Mohd Rizwan.

Information collected

Contact details you provide directly — name, email, phone number, and message contents — and, where an account is created, name, company, address and phone number.

Use of information

To operate and improve the website, communicate updates, provide customer service, and prevent fraud. Standard log files (IP address, browser type, ISP, timestamps) are recorded for analytics, as with most hosting services.

Cookies

The site uses cookies to remember preferences and improve the browsing experience. Cookies can be disabled through your browser settings at any time.

Your rights

You may request access to, correction of, or deletion of your personal data, or object to/restrict its processing, by writing to arstox8@gmail.com. Requests are responded to within one month.

Children's information

No personal information is knowingly collected from children under 13. If you believe a child has shared such information, contact us and it will be removed promptly.

Research Analyst services are delivered online — no physical products are shipped, so standard shipping/return policies do not apply.

Refunds: In case of pre-mature termination of RA services by either the client or the RA, the client is entitled to a refund of proportionate fees for the unexpired subscription period only.

For any refund or cancellation query, contact WhatsApp +91 95213 58832 or email arstox8@gmail.com.

Client queries and complaints are handled under a structured grievance redressal framework, built on three principles: clients are treated fairly at all times, complaints are handled with courtesy and in a timely manner, and queries are dealt with efficiently and fairly.

1. Seek clarification or lodge a complaint in writing, orally, or by phone — email arstox8@gmail.com or call +91 95213 58832.
2. A written complaint may also be posted to: 1stE, Rathi Complex, Didwana, Rajasthan 341303. If no response is received within 7 business days, you can expect a reply within 30 business days of approaching the Research Analyst.
3. If unsatisfied with the response, lodge a grievance with SEBI at scores.sebi.gov.in, or contact SEBI's toll-free helpline at 1800 22 7575 / 1800 266 7575.
4. After exhausting the above, dispute resolution can be initiated through the ODR Portal at smartodr.in. Details on the ODR mechanism, fees and timelines are in SEBI's master circular, "Online Resolution of Disputes in the Indian Securities Market."

Compliance Officer / Escalation contact

Name: Mohd Rizwan · Contact: +91 95213 58832 · Email: arstox8@gmail.com

(Escalation matrix contact is the same as the Compliance Officer, per firm confirmation — update this row separately if a dedicated escalation contact is appointed later.)

Fees are collected only via the modes below — cash is never accepted for fee payment, per AML policy.

UPI ID	mohdrizwan.ra@validhdfc
Account Name	AR Trading and Investment
Bank Name	HDFC Bank
Account Type	Current Account
Account Number	5020 0102 9485 96
IFSC Code	HDFC0009356
CeFCoM (BSE Centralised Fee Collection)	Optional — contact +91 95213 58832 to use CeFCoM