Research Analyst Disclosures

Mehul Pravinbhai Jiyani · SEBI Registered Research Analyst · Reg. No. INH000008428
Last updated: 10 October 2026

Disclosures under SEBI (Research Analysts) Regulations, 2014

Mehul Pravinbhai Jiyani is an individual Research Analyst registered with SEBI under Reg. No. INH000008428 (registered on [REGISTRATION DATE — TO CONFIRM]), with principal place of business at 178 Rachana Society, Kapodra Char Rasta, Varachha Road, Surat, Gujarat 395006.

Business activities

Research services on Indian equity derivatives (Bank Nifty intraday) and [OTHER SEGMENTS — TO CONFIRM]. No portfolio management, investment advisory, broking or distribution services are offered. [ANY OTHER BUSINESS ACTIVITY — TO CONFIRM]

Disciplinary history

[TO CONFIRM: No penalties or directions have been issued by SEBI or any other regulator; no pending litigation]

Financial interest and conflict of interest

• The Research Analyst and/or relatives may hold positions in index derivatives (Nifty, Bank Nifty, Sensex) covered in research. Any such holding is disclosed as required, and the RA does not trade against the research provided.
• Any actual or potential conflict of interest is disclosed in the research report at the time of publication.
• The Research Analyst does not trade in a recommended security against the recommendation, and follows the trading restrictions under the RA Regulations.

Compensation and other relationships

• Compensation received from any subject company in the past 12 months: [TO CONFIRM — expected: none]
• No public offering of securities has been managed or co-managed for any subject company.
• No investment banking, merchant banking or brokerage compensation is received from subject companies.
• No brokerage, commission or referral fee is received from any stock broker or intermediary; no broker is recommended to clients.
• The Research Analyst has not served as an officer, director or employee of any subject company.
• The Research Analyst is not engaged in market-making activity in any subject security.

Distribution and use

Research is provided simultaneously to all eligible clients and is for their personal use only. It must not be forwarded or shared.