Informed Research.
Intelligent Investments.

A. Vision and Mission Statements for investors

• ✅ Vision — Ensure Investment with Knowledge & Safety.
• Our vision is to steer traders away from risky speculation and guide them towards building wealth through a disciplined, long-term investment journey.
• ✅ Mission — Every investor should be able to invest in the right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.

B. Details of business transacted by the Research Analyst with respect to the investors.

• ✅ We publish research reports based on our research activities.
• ✅ We provide independent and unbiased views on securities.
• ✅ We offer unbiased recommendations, disclosing any financial interests in the recommended securities.
• ✅ We base our research recommendations on publicly available information and known observations.
• ✅ We conduct an annual audit of our research activities.
• ✅ We ensure that all advertisements adhere to the Advertisement Code for Research Analysts.
• ✅ We maintain records of interactions with all clients (including prospective clients prior to onboarding) where any conversation related to research services has taken place.

C. Details of services provided to investors (No Indicative Timelines)

• ✅ Onboarding of Clients — sharing terms and conditions of research services; completing KYC of fee-paying clients.
• ✅ Disclosure to Clients — we disclose information material for the client to make an informed decision, including business activity, disciplinary history, terms and conditions of research services, details of associates, and risks and conflicts of interest, if any.
• We disclose the extent of use of Artificial Intelligence tools in providing research services.
• While distributing a third-party research report, we disclose any material conflict of interest of such third-party research provider or provide a web address directing recipients to the relevant disclosures.
• We disclose any conflict of interest of the research services with our other activities.
• ✅ We distribute research reports and recommendations to clients without any discrimination.
• ✅ We maintain confidentiality regarding publication of research reports until they are available in the public domain.
• ✅ We respect data privacy rights of clients and protect against unauthorized use of confidential information.
• ✅ We disclose the timelines for services and ensure strict adherence to them.
• ✅ We provide clear guidance and adequate caution when recommending complex and high-risk financial products or services.
• ✅ We treat all clients with honesty and integrity.

D. Details of grievance redressal mechanism and how to access it

1. Investor can lodge complaint/grievance against Research Analyst in the following ways:

Mode of filing the complaint with research analyst — in case of any grievance / complaint, an investor may approach the concerned Research Analyst who shall strive to redress the grievance immediately, but not later than 21 days of receipt of the grievance.

Details of Research Analyst
Name: Kathed Ishwar Popatlal (Apex Alpha Advisory)
Contact No.: +91 94202 82886
Email Id: Ishwar.kathed@gmail.com

Mode of filing the complaint on SCORES or with Research Analyst Administration and Supervisory Body (RAASB):

i. SCORES 2.0 (a web-based centralized grievance redressal system of SEBI for facilitating effective grievance redressal in a time-bound manner) (https://scores.sebi.gov.in)

Two-level review for complaint/grievance against Research Analyst:

• First review done by designated body (RAASB)
• Second review done by SEBI

ii. Email to designated email ID of RAASB.

2. If the Investor is not satisfied with the resolution provided by the Market Participants, then the Investor has the option to file the complaint/grievance on the SMARTODR platform for its resolution through online conciliation or arbitration.

With regard to physical complaints, investors may send their complaints to: Office of Investor Assistance and Education, Securities and Exchange Board of India, SEBI Bhavan, Plot No. C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051.

E. Rights of investors

• ✅ Right to Privacy and Confidentiality
• ✅ Right to Transparent Practices
• ✅ Right to fair and Equitable Treatment
• ✅ Right to Adequate Information
• ✅ Right to Initial and Continuing Disclosure
• ✅ Right to receive information about all statutory and regulatory disclosures
• ✅ Right to Fair & True Advertisement
• ✅ Right to Awareness about Service Parameters and Turnaround Times
• ✅ Right to be Heard and Satisfactory Grievance Redressal
• ✅ Right to have timely redressal
• ✅ Right to Exit from a financial product or service in accordance with the agreed terms
• ✅ Right to receive clear guidance and caution notice for Complex and High-Risk Financial Products
• ✅ Additional Rights to vulnerable consumers & right to digital accessibility

F. Expectations from the investors (Responsibilities of investors)

• DO's

i. Always deal with a SEBI registered Research Analyst.

ii. Ensure that the Research Analyst has a valid registration certificate.

iii. Check the SEBI registration number on the SEBI website's list of registered Research Analysts.

iv. Always pay attention to disclosures made in research reports before investing.

v. Pay your Research Analyst through banking channels only and maintain duly signed receipts. You may pay fees through the Centralized Fee Collection Mechanism (CeFCoM) of RAASB, if opted for (fee-paying clients only).

vi. Ask all relevant questions and clear your doubts before acting on any recommendation.

• DON'Ts

i. Do not provide funds for investment to the Research Analyst.

ii. Don't fall prey to luring advertisements or market rumors.

iii. Do not get attracted to limited-period discounts, gifts or incentives.

iv. Do not share login credentials and passwords of your trading, demat or bank accounts with the Research Analyst.

Complaint Redressal and SCORES Process

• Clients' queries / complaints may arise due to lack of understanding or a deficiency of service. Clients can seek clarification and are entitled to make a complaint in writing, orally or telephonically.
• An email may be sent to Ishwar.kathed@gmail.com. Alternatively, the Investor may call on +91 94202 82886.
• A letter may also be written with the query / complaint and posted to: House No. 2285, Ishwar Traders, Adte Bazar, Ahmednagar, Maharashtra — 414001.
• The client can expect a reply within 10 business days of approaching the research analyst.
• In case you are not satisfied with our response, you can lodge your grievance with SEBI at https://scores.sebi.gov.in, or write to any of the offices of SEBI.

Smart ODR – Online Dispute Resolution

As per SEBI guidelines, investors can use the Online Dispute Resolution (ODR) platform for resolving disputes in a cost-effective and timely manner. Smart ODR is an integrated platform for dispute resolution between investors, intermediaries and regulated entities.

Go to Smart ODR Portal

Research Analyst: Kathed Ishwar Popatlal — SEBI Registered Research Analyst (INH000024374), BSE Enlistment No.: 7055 · Apex Alpha Advisory

Research Analyst: Kathed Ishwar Popatlal — SEBI Registered Research Analyst (INH000024374), BSE Enlistment No.: 7055 · Apex Alpha Advisory

• Kathed Ishwar Popatlal (Proprietor), operating under the brand name Apex Alpha Advisory, is registered with SEBI as an Individual Research Analyst vide Registration number INH000024374, pursuant to which research analyst services are provided to clients.
• We are not affiliated with any other intermediaries and do not receive any brokerage or commission from any third party.
• SEBI has issued no penalties/directions under the SEBI Act or any other regulatory body.
• We do not recommend any stock broker or other intermediary to a client, nor receive any consideration in any form from any stock broker or intermediary.
• Investment in equity shares carries risk. Information herein is based on analysis and sources considered reliable; however we do not vouch for the consistency or completeness thereof. This material is for personal information; we take no responsibility for any financial profit or loss arising from the recommendations.
• We do not provide any promise or assurance of a favourable view for any particular industry, sector or business group. Investors should consider all risk factors, including their financial condition and suitability to risk-return profile, before investing.
• We or persons related to us might hold positions in the stocks discussed.
• No client, third party or anyone else has the right to forward or share our calls, reports or any information provided by us with anyone through any medium. If found so, serious legal action can be taken.
• Investment in the securities market is 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.
• Stock trading is inherently risky, and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make.
• Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
• Everything posted on social media (Twitter/Facebook/Instagram/YouTube) is for education/illustration purposes and should not be treated as recommendations or investment advice.
• We consider ourselves subject to the jurisdiction only of the courts of Maharashtra, India. By using this website you accept this disclaimer and all terms and conditions.

Applies To: Kathed Ishwar Popatlal — SEBI Registered Research Analyst (INH000024374), BSE Enlistment No.: 7055 · Apex Alpha Advisory

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General Privacy

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Privacy Policy Changes

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Research Analyst: Kathed Ishwar Popatlal — SEBI Registered Research Analyst (INH000024374), BSE Enlistment No.: 7055 · Apex Alpha Advisory

We believe in providing high-quality, unbiased and research-backed insights. Due to the nature of financial research and regulatory requirements, the following refund policy applies:

1. No Refund After Subscription Activation

Once a subscription is purchased and the research service is activated, fees are non-refundable, because research reports contain sensitive, proprietary information and insights cannot be "returned" once delivered.

2. Cancellation Before Activation

If a client requests cancellation before the service or report has been delivered, a refund may be processed after deducting applicable payment gateway charges.

3. Partial or Prorated Refunds

Partial or prorated refunds are not applicable, irrespective of subscription period, usage frequency or market performance.

4. Accidental Payments

If a duplicate or accidental payment is made, clients should contact us within 48 hours. Such refunds will be processed after necessary verification.

5. Compliance Guarantee

All policies follow SEBI guidelines under the Research Analyst Regulations — no misleading claims, no guaranteed returns, no speculative promises.

Research Analyst: Kathed Ishwar Popatlal — SEBI Registered Research Analyst (INH000024374), BSE Enlistment No.: 7055 · Apex Alpha Advisory

We follow a transparent and ethical pricing structure that aligns with SEBI regulations for Research Analysts. Our fees are clearly defined before subscription, with no hidden charges or misleading offers.

1. Subscription Structure

We offer subscription plans based on research categories, duration and level of insights. The fee for each service is communicated to clients prior to onboarding. No plan is activated without explicit consent and acknowledgment of the pricing.

2. Mode of Payment

• UPI
• Net Banking
• Debit/Credit Cards
• Other payment gateways listed at checkout

All payments are collected only in the name of the registered entity, as mandated by SEBI.

3. GST & Taxes

All prices are exclusive of GST unless stated otherwise. Applicable taxes will be added as per Government norms.

4. No Commission-Based Revenue

As per SEBI rules, we do not receive any commission, brokerage or incentives from third parties. Our only revenue is through research subscription fees paid directly by clients.

Service Provider: Kathed Ishwar Popatlal — SEBI Registered Research Analyst (INH000024374), BSE Enlistment No.: 7055 · Apex Alpha Advisory

These terms and conditions outline the rules and regulations for the use of this website.

• Terms — By accessing this website you agree to be bound by these terms and conditions. Do not continue to use it if you do not agree.
• Use License — Permission is granted to temporarily view the materials on this website for personal, non-commercial transitory viewing only. You may not modify or copy the materials, use them for any commercial purpose, or transfer them to another person or "mirror" them on any other server.

Disclaimers and Disclosures

• Investment in the securities market is 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.
• We do not promise any guaranteed returns.
• The fees paid towards the subscription are non-refundable.
• Risk management and position sizing should be carried out by the investor.
• Kathed Ishwar Popatlal (Proprietor of Apex Alpha Advisory) is a SEBI registered 'Research Analyst', not an 'Investment Adviser' (Registration number INH000024374).

Limitations — In no event shall Apex Alpha Advisory or its suppliers be liable for any damages arising out of the use or inability to use the materials.

Governing Law — Any claim relating to this website shall be governed by Indian laws.

Apex Alpha Advisory — Kathed Ishwar Popatlal, SEBI Registered Research Analyst (INH000024374) — is committed to ensuring that this website is accessible to everyone, including people with disabilities, those using assistive technologies, and older users.

Our commitment

We strive to meet the Web Content Accessibility Guidelines (WCAG) 2.1 Level AA standards published by the W3C.

Accessibility features

• Adjustable text size and a high-contrast mode, available from the accessibility bar.
• Keyboard-accessible navigation, menus and forms, with a visible focus indicator.
• Semantic HTML, descriptive headings, ARIA labels, and accessible data tables.
• Sufficient colour contrast and text that can be resized without loss of content.
• Respect for the "reduced motion" preference and responsive layouts across devices.

Feedback and contact

If you experience any difficulty accessing content on this website, please contact us at Ishwar.kathed@gmail.com or +91 94202 82886. We aim to respond within 2 working days.