Research Analyst Disclosure
The particulars given in this Disclosure Document have been prepared in accordance with SEBI (Research Analyst) Regulations, 2014.
For the purpose of this Disclosure Document, Research Analyst is Dhokiyas Research Analyst OPC Private Limited, (hereinafter referred as “Research Entity”).
History, Present business and Background
Dhokiyas Research Analyst OPC Private Limited is registered with SEBI as Research Analyst with registration no. INH000015941. The Research Analyst got its registration on 30th April, 2024 and is engaged in offering research and recommendation services.
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. Investor shall take note that Investment/trading in stocks/Index or other securities is always subject to market risk. Past performance is never a guarantee of same future results.
The Research Analyst shall not be responsible for any loss to the Investors.
Disciplinary history
There are no pending material litigations or legal proceedings against the Research Analyst.
As on date, no penalties / directions have been issued by SEBI under the SEBI Act or Regulations made there under against the Research Analyst relating to Research Analyst services.
Details of its associates
No associates
Disclosures with respect to Research and Recommendations Services
The Research Analyst or any of its officer/employee does not trade in securities which are subject matter of recommendation.
There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products/ 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.
Research Analyst or its employee or its associates have not received any compensation from the company which is subject matter of recommendation.
Research Analyst or its employee or its associates have not managed or co-managed the public offering of any company.
Research Analyst or its employee or its associates have not received any compensation for investment banking or merchant banking of brokerage services from the subject company.
Research Analyst or its employee or its associates have not received any compensation for products or services other than above from the subject company.
Research Analyst or its employee or its associates have not received any compensation or other benefits from the Subject Company or 3rd party in connection with the research report/ recommendation.
The subject company was not a client of Research Analyst or its employee or its associates during twelve months preceding the date of recommendation services provided.
Research Analysts or its employee or its associates has not served as an officer, director or employee of the subject company.
Research Analysts has not been engaged in market making activity of the subject company.
Standard Warning
“Investment in securities market are subject to market risks. Read all the related documents carefully before investing.”
Research Analyst Disclaimer
“Registration granted by SEBI, membership from BASL, and certification from NISM in no way guarantee performance of the Research Analyst or provide any assurance of returns to investors.
“The securities quoted, if any are for illustration only and are not recommendatory."
Dhokiya’s Research Analyst (OPC) Private Limited
Research Analyst Registration No.: INH000015941
Registered Office: 401-402, Bluestone Complex, Near Shyamdham Mandir,
Sarthana Jakatnaka, Surat-395006
Contact No.: +91 7575065656
Compliance Officer:
Chetan Dhokiya, Dhokiya’s Research Analyst (OPC) Private Limited
Email: care@dhokiyas.com
Contact No.: +91 7575065656
Investment Risks:
Investments in the securities market are subject to market risks. Please read all related documents
carefully before making any investment decisions. Registration with SEBI and certification from NISM
do not guarantee performance or assure returns.
Report Preparation:
This Research Report (hereinafter referred to as the "Report") has been prepared by Dhokiya’s
Research Analyst (OPC) Private Limited as research entities. The Research Analysts responsible for
this Report have received compensation based on various factors, including research quality and firm
revenues.
Accuracy and Liability:
While Dhokiya’s Research Analyst (OPC) Private Limited have taken reasonable steps to ensure the
accuracy of the information, neither entity guarantees completeness or reliability. Any reliance on
this Report for trading or investment purposes is at the reader's own risk. Dhokiya’s Research Analyst
(OPC) Private Limited does not accepts any liability for direct, indirect, special, incidental, or
consequential damages arising from the use of this Report. Securities and derivatives markets may
experience rapid and unexpected price changes, and past performance is not indicative of future
results.
General Disclaimer:
This Report is intended solely for the recipient’s use and is not for circulation. It does not consider
specific investment objectives, financial situations, or needs of individual clients. Recommendations
made herein are expressions of opinion and should not be construed as investment advice or
solicitation. Readers should conduct their own research and seek independent professional advice
before making any investment decisions.
Information Sources:
The Report is based on publicly available information and sources believed to be reliable. Dhokiya’s
Research Analyst (OPC) Private Limited do not guarantee the accuracy, completeness, or reliability of
such information. Information barriers may be in place to manage conflicts of interest.
Jurisdiction:
This Report is not directed to or intended for distribution in jurisdictions where such distribution
would be contrary to law or subject Dhokiya’s Research Analyst (OPC) Private Limited to any
registration or licensing requirements. Any dispute arising from this Report shall be subject to the
exclusive jurisdiction of the Courts in Surat, India.
Ownership and Conflicts of Interest:
Dhokiya’s Research Analyst (OPC) Private Limited and its associates have no material conflicts of
interest with the companies covered in this Report.
Specifically:
1. No compensation has been received from the covered companies for investment banking
transactions in the past 12 months.
2. Dhokiya’s Research Analyst (OPC) Private Limited or its associates do not collectively hold
more than 1% of the companies covered in the Report.
3. Dhokiya’s Research Analyst (OPC) Private Limited or its associates have not managed or co-managed
any public or private offerings of securities for the covered companies in the last 12 months.
4. Dhokiya’s Research Analyst (OPC) Private Limited has not received compensation from the
covered companies for investment banking or financial services in the last 12 months.
Restrictions on Distribution:
This Report is intended for professional, institutional, or sophisticated investors only. It does not
constitute an offer or solicitation to any U.S. person or as an official confirmation of any transaction.
Distribution in Canada or to private customers in the United Kingdom is prohibited.
Analyst Certification:
The Research Analysts responsible for this Report certify that the views expressed are their personal
opinions and that no part of their compensation is tied to specific recommendations or views
expressed. They may have financial interests in the securities reviewed and Dhokiya’s Research
Analyst (OPC) Private Limited has procedures in place to manage conflicts of interest.
