Compliance & Disclosures

A. Vision & Mission

Vision: Invest with knowledge & safety.

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. Business transacted by the Research Analyst

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

C. Services provided to investors

• Onboarding of clients.
• Sharing of terms and conditions of research services.
• Completing KYC of fee-paying clients.
• Disclosure to clients of material information — business activity, disciplinary history, terms and conditions, associates, risks and conflicts of interest, and the extent of use of Artificial Intelligence tools.
• Distributing research reports and recommendations to clients without discrimination.
• Maintaining confidentiality of the research report until it is made available in the public domain.
• Respecting the data-privacy rights of clients and protecting their confidential information.
• Disclosing timelines for services and adhering to them.
• Providing clear guidance and adequate caution when recommending complex and high-risk products.
• Treating all clients with honesty and integrity.

D. Grievance redressal mechanism

In case of any grievance or complaint, an investor may approach the Research Analyst, who shall strive to redress the grievance immediately, but not later than 21 days of receipt of the grievance.

Complaints may also be lodged on SEBI's SCORES 2.0 platform (scores.sebi.gov.in), which provides a two-level review — first by the designated body (RAASB), then by SEBI — or by email to the designated email ID of RAASB. If the investor is not satisfied with the resolution, the complaint may be filed on the SMART ODR platform (smartodr.in) for online conciliation or arbitration.

Physical complaints may be sent 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.

• 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 — including all statutory and regulatory disclosures.
• Right to Fair & True Advertisement.
• Right to Awareness about Service Parameters and Turnaround Times, and to be informed of the timelines for each service.
• Right to be Heard and to Satisfactory, timely Grievance Redressal.
• Right to Exit from a financial product or service in accordance with the agreed terms and conditions.
• Right to receive clear guidance and caution notice when dealing in complex and high-risk products and services.
• Additional rights for vulnerable consumers — including access to services in a suitable manner even if differently abled.
• Right to provide feedback on the financial products and services used.
• Right against coercive, unfair and one-sided clauses in financial agreements.

These particulars are prepared in accordance with the SEBI (Research Analyst) Regulations, 2014, to help clients make an informed decision before engaging research services.

History, present business and background

The Research Analyst is registered with SEBI as a Research Analyst (Registration No. INH000018975, BSE Enlistment No. 6430), registered on 06 December 2024, and is engaged in research and recommendation services. The RA does not offer execution, distribution, portfolio management or investment advisory services.

Disciplinary history

• No penalties have been issued by SEBI under the SEBI Act or Regulations against the Research Analyst relating to research analyst services.
• There are no pending material litigations or legal proceedings, and no findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against the Research Analyst.

Associates

No associates.

Disclosures with respect to research & recommendation services

• The RA or its relatives may have a financial interest or actual/beneficial ownership of one per cent or more in the securities recommended, at the end of the month immediately preceding the date of publication; such details are disclosed at the time of advice.
• There are no actual or potential conflicts of interest arising from any connection with any issuer of the products/securities. Any conflict shall be disclosed to the client as and when it arises.
• The RA and its associates have not received any compensation from the subject company in the past 12 months.
• The RA has not managed or co-managed a public offering, nor received compensation for investment banking, merchant banking or brokerage services from the subject company in the past 12 months.
• The subject company was not a client of the RA during the twelve months preceding distribution of the research report.
• The RA has not served as an officer, director or employee of the subject company, and has not engaged in market-making activity of the subject company.
• The RA is not using Artificial Intelligence tools for the preparation of research reports.

Code of Conduct — Securities Dealing Procedures in terms of the SEBI (Research Analysts) Regulations, 2014.

• Honesty and good faith — the Research Analyst shall act honestly and in good faith.
• Diligence — act with due skill, care and diligence, ensuring research reports and recommendations follow thorough analysis.
• Conflict of interest — effectively address conflicts that may affect impartiality, and make appropriate disclosures.
• Insider trading / front-running — shall not engage in insider trading or front-running of research reports or recommendations.
• Confidentiality — maintain confidentiality of a report or recommendation until it is made public or provided to respective clients.
• Professional standard — observe high professional standards while preparing reports and analysing subject companies.
• Compliance — comply with all regulatory requirements applicable to the business.

Insider dealing & no front-running

No person in possession of inside information may trade, make recommendations or publish research on the related instruments. Front-running — through use of client order information, or through knowledge of the timing/contents of research prior to publication — is prohibited.

We believe investor service is vital to sustained business growth. Prompt and efficient service is essential, especially as we follow a direct-to-investor model. This policy follows these principles:

• Investors will be treated fairly at all times.
• Complaints will be dealt with courtesy and in a timely manner.
• Queries and complaints will be treated efficiently and fairly.
• The Research Analyst works in good faith and without prejudice towards the interests of investors.

Prateek Dangi, SEBI Registered Research Analyst, Registration No. INH000018975.

As an individual Research Analyst, the following contact handles all designations. Working hours: Monday to Friday, 10:00 AM to 5:00 PM.

Escalation: raise the grievance with the Research Analyst first; if unresolved, approach SEBI SCORES (scores.sebi.gov.in); thereafter the Smart ODR portal (smartodr.in).

Data for the month ending: May 2026. This data is updated on the website by the 7th of every succeeding month, as required by SEBI/RAASB.

Complaints received

Complaints received during the month due to impersonation of the RA by another entity: 0.

Trend of monthly disposal of complaints (last 12 months)

Trend of annual disposal of complaints

* Inclusive of complaints of previous months/years resolved in the current period. # Inclusive of complaints pending as on the last day of the period.

Disclosure with respect to compliance with the Annual Compliance Audit requirement under Regulation 25(3) of the SEBI (Research Analysts) Regulations, 2014, for the last financial years:

The annual compliance audit under Regulation 25(3) has been conducted for each financial year since the RA registration (granted 06 December 2024).

Important notice and limitation of liability. Please read the following carefully. The particulars given below are as per the SEBI (Research Analysts) Regulations, 2014.

Trading and investing in the stock market involve considerable risk. Investment in equity shares, futures, options and commodities carries its own risks. You may lose part or all of your initial investment because market investments are subject to market risk. It is not ideal for all types of investors.

The research recommendation and/or report provided is based on information and analysis believed to be accurate, and is provided to enable you to make your own investment decisions — it should not be construed as investment advice. The Research Analyst does not offer any product or service with assured or guaranteed returns, and does not give any profit commitment. Though best attempts are made at analysing markets, no surety of return or accuracy of any kind is guaranteed.

All research recommendations shall be considered a view or opinion only; the client shall at their discretion decide actual trades, and should trade only if the recommendation suits their current risk appetite and risk-bearing capacity. The Research Analyst shall not be held responsible for any decision taken, or loss incurred, based on the research recommendations, reports or related information.

The Research Analyst does not provide merchant banking, investment banking, investment adviser, execution or distribution services, and has no partnership with any third-party intermediary for such services. The Research Analyst has never been suspended or barred from business by SEBI or any other authority, nor has its certificate of registration ever been cancelled.

Definitions of terms used in recommendations

Buy — the stock is recommended to be bought at market price or within the price band mentioned.
Sell / Target — the price at which the stock must be sold; stocks at or above the target should be sold.
Hold — the stock may be held and no exit is required, where it has neither reached its target nor hit its stop-loss.
Stop-loss — the price at which the stock must be exited due to an adverse move; if trading at/below stop-loss near close, it must be exited.
Add / Accumulate — gradually purchase additional quantity, usually on declines, to build the position.
Reduce / Trim — gradually decrease exposure without a full exit.
Neutral — no significant upside or downside expected; neither buy nor sell.
Benchmark — the index or market standard (e.g. Nifty 50, Sensex, sectoral indices) against which performance is measured.

Disclaimer: Registration granted by SEBI, Enlistment of BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Participation in securities markets involves risk. This Risk Disclaimer outlines the risks associated with acting on research, recommendations and market commentary provided by Stock Monster.

1. Market risk

Investments in the securities market are subject to market risks. The value of investments may fluctuate, and investors may receive back less than the amount originally invested.

2. No assurance of returns

Registration granted by SEBI, enlistment with the Exchange and certification from NISM do not guarantee performance or assure returns. No representation is made that any client will achieve profits or avoid losses. Past performance, if any, is not indicative of future results.

3. Suitability

Research recommendations are general in nature and may not be suitable for every investor. Investors should consider their financial situation, risk tolerance and investment objectives before acting on any recommendation.

4. Volatility and timing risk

Markets can be volatile and prices may change rapidly. Research views are based on information and market conditions at the time of publication and may become outdated without notice. Actual results may differ due to liquidity, slippage and execution factors.

5. Leverage and derivatives risk

Where research relates to leveraged products such as Futures and Options, losses may exceed the initial capital or margin deployed. See the Risk on Derivatives section for more.

6. Independent decision making

Any decision to act on a recommendation is solely the responsibility of the investor. Stock Monster shall not be responsible for any investment or trading decision, profit, loss or consequence arising from the use of its research.

7. Illustrations and examples

Any securities, charts, trades or market examples shown are for educational and illustrative purposes only and are not a recommendation to buy, sell or hold any security.

Derivative instruments, including Futures and Options (F&O), involve a high degree of risk and may not be suitable for all investors. Understand the nature of derivatives and the associated risks before trading.

Key risks

• Leverage risk — derivatives provide leveraged exposure; small movements in the underlying can cause large gains or losses.
• Loss risk — losses can be substantial and, in certain situations, may exceed the initial margin deposited.
• Time decay (Options) — option buyers may lose the entire premium if the expected move does not occur before expiry.
• Volatility risk — unexpected events and rapid price fluctuations can significantly impact positions.
• Liquidity risk — some contracts have low liquidity, making it difficult to enter or exit at desired prices.
• Gap risk — markets may open significantly higher or lower due to overnight developments, causing losses beyond anticipated levels.

Research disclaimer & investor responsibility

Any derivative-related research or recommendation provided by Stock Monster is subject to market risks, does not assure profits or returns, may not be suitable for every investor, and should be evaluated independently. Before trading derivatives, understand the product and its risks, use appropriate risk management, trade only with capital you can afford to risk, and seek professional advice where necessary.

Content published via the official social media handles of Prateek Dangi (Stock Monster), a SEBI Registered Research Analyst (Registration No. INH000018975, BSE Enlistment No. 6430), is intended strictly for illustration, knowledge and informational purposes only.

• Posts, visuals, opinions or discussions shared on social media do not constitute buy / sell / hold recommendations in any securities.
• Securities mentioned are for illustration only and are not recommendations.
• Past performance is not indicative of future results.
• There is no avenue for claiming damages or losses incurred based on such content.
• Invest strictly according to your own risk tolerance.

Protection against social media scams

Our official channels are listed in the footer of this website. When in doubt, verify before you act.

Prateek Dangi ("Research Analyst" / "RA") is a SEBI Registered Research Analyst bearing Registration No. INH000018975, enlisted with the Research Analyst Administration and Supervisory Body (RAASB) — BSE Limited, Enlistment No. 6430. These terms are disclosed pursuant to the SEBI (Research Analysts) Regulations, 2014 and applicable circulars.

Acceptance & obligations

• The client subscribes to the research service at their sole discretion, and services are rendered in accordance with the RA Regulations.
• Both the RA and the client are bound by the SEBI Act, RA Regulations and applicable rules and notifications, as in force from time to time.

KYC

The client agrees to provide complete and accurate information for KYC compliance. The RA will collect, store, upload and verify KYC records through a KYC Registration Agency (KRA) as specified by SEBI.

Standard client confirmations

• "I/We have read and understood the terms and conditions applicable to a research analyst as defined under regulation 2(1)(u) of the SEBI (Research Analyst) Regulations, 2014, including the fee structure."
• "I/We are subscribing to the research services for our own benefit and consumption, and any reliance placed on the research report shall be as per our own judgement and assessment."
• Investments made based on recommendations are subject to market risk; recommendations do not assure returns; and there is no recourse to claim losses incurred on such investments.

Fees & payment

• The maximum fee charged by the RA is ₹1,51,000 per annum per family of clients (applicable to Individual and HUF clients; not inclusive of statutory charges).
• Subscription fees are paid in advance for a period not exceeding one year.
• Payment is by direct credit to the designated bank account through Net Banking / Debit Card / NEFT / RTGS / IMPS / UPI / eNACH or the RA's payment gateway. Fees are never accepted in cash.
• Payment through SEBI's Centralised Fee Collection Mechanism (CeFCoM) of RAASB is available on request.

Termination & refunds

On cancellation of SEBI registration, or suspension of registration for more than 60 days, the RA shall refund the pro-rata fees for the remaining subscription period. See the Refund Policy section for details.

Grievance redressal

The RA shall resolve grievances in a timely and transparent manner, within 21 days. Unresolved grievances may be escalated to SEBI SCORES (scores.sebi.gov.in) and thereafter to the Smart ODR portal (smartodr.in).

• These terms are for research services only. The RA cannot execute or carry out any trade (purchase/sell) on behalf of the client. Clients are advised not to permit the RA to execute any trade on their behalf.
• The fee charged is subject to the maximum prescribed by SEBI/RAASB — currently ₹1,51,000 per annum per family of clients (for Individual and HUF clients; excludes statutory charges; does not apply to non-individual or accredited investors).
• Fees may be charged in advance for up to one year. On premature termination by either party, the client is entitled to a refund of proportionate fees for the unexpired period.
• Fees may be paid by cheque, online bank transfer, UPI etc. Cash payment is not allowed. Optionally, payment can be made through the Centralised Fee Collection Mechanism (CeFCoM) managed by BSE Limited.
• Any assured / guaranteed / fixed-return scheme is prohibited by law. No such scheme shall be offered.
• The RA cannot guarantee returns, profits, accuracy or risk-free investments. All opinions and estimates are based on analysis of available data under certain assumptions as of the date of the report.
• The SEBI registration, RAASB enlistment and NISM certification do not guarantee the performance of the RA or assure any returns.
• For grievances: (1) contact the RA; (2) if unsatisfied, lodge on SEBI SCORES at scores.sebi.gov.in; (3) thereafter the Smart ODR portal at smartodr.in.
• Clients must keep their contact details updated with the RA at all times.
• The RA shall never ask for your trading, demat or bank account login credentials or OTPs. Never share these with anyone, including the RA.

This policy outlines the principles and procedures the RA follows to comply with the SEBI (Research Analysts) Regulations, 2014 and applicable SEBI circulars.

General responsibilities

• Act honestly, in good faith, and with due skill, care and diligence.
• Comply with all regulatory requirements and maintain a functional website with the specified details.
• Hold valid NISM certification for research analysts at all times, renewing before expiry.

Conflict of interest & trading limits

• Maintain an arm's-length relationship between research activity and any other activity.
• The RA shall not trade in recommended securities within 30 days before and 5 days after publication of a research report, nor trade contrary to its own recommendation.
• The RA shall not purchase securities of an issuer before its IPO where the issuer is in the same business as companies the RA follows or recommends.

Content standards

• All research services are corroborated by a research report containing the relevant data and analysis, including SMS recommendations.
• No false, misleading, biased or deceptive statements, and no assurance or guarantee of returns.
• The term "research analyst" is used in all client correspondence; the SEBI logo shall not be used.
• The standard disclaimer regarding SEBI registration, BSE enlistment and NISM certification is prominently displayed.

Record keeping & audit

• Records — research reports (signed and dated), recommendations, rationale and records of public appearances and client interactions — are maintained for a minimum of five years (digitally signed if electronic).
• An annual compliance audit is conducted by a member of ICAI / ICSI / ICMAI, completed within six months of the financial year end, with the report submitted to RAASB/SEBI within one month of the audit report (no later than 31 October).
• The audit status and any adverse findings with action taken are published on the website.

Other controls

• Core business and compliance functions are not outsourced; KYC is carried out per SEBI KRA Regulations, 2011.
• The RA does not lend its registration, nor allow third parties to give recommendations on its behalf.
• Client-level segregation: an individual RA does not provide distribution services, and the RA's family does not provide distribution services to the RA's research clients.
• Deposit requirement (with a scheduled bank, lien-marked to RAASB): up to 150 clients — ₹1 lakh; 151-300 — ₹2 lakh; 301-1,000 — ₹5 lakh; 1,001 and above — ₹10 lakh.
• Where AI tools are used, the RA is solely responsible for the security, confidentiality and integrity of client data and the research output. (Currently, AI tools are not used for report preparation.)
• Periodic reports are submitted to RAASB/SEBI for half-years ending 30 September and 31 March, within 30 days of each period end.

The Prevention of Money Laundering Act, 2002 (PMLA) and the Rules notified thereunder (effective 1 July 2005) form the core of India's legal framework against money laundering. Entities registered with SEBI must furnish information on suspicious transactions to FIU-IND.

Client Due Diligence (CDD)

• As a Research Analyst, we do not have access to clients' securities accounts or execution/transaction data — that responsibility lies with the client's broker. We collect basic KYC documents to establish the identity and address of our clients.
• No account is opened in a fictitious, benami or anonymous name, or where appropriate due diligence cannot be applied.
• Client identity is checked against SEBI / exchange debarred lists and UN Security Council sanctions lists before onboarding.
• Clients are not permitted to act on behalf of another person for service delivery.

Transactions, records & reporting

• The only transaction we handle is fee collection, which is through our bank account only. No cash payment is accepted.
• Records prescribed under the PMLA Rules are maintained — including cash transactions above ₹10 lakh, connected series of such transactions within a calendar month, and all suspicious transactions.
• All client records are maintained for a minimum period of 10 years (or until any regulatory action is resolved).
• Suspicious transactions are notified to the Compliance Officer; the Principal Officer is responsible for timely submission of CTR and STR to FIU-IND, maintaining confidentiality.

Reporting authority: Director, Financial Intelligence Unit — India (FIU-IND), 6th Floor, Hotel Samrat, Chanakyapuri, New Delhi — 110021.

Stock Monster is committed to providing high-quality research services with professionalism, transparency and regulatory compliance. If a client is dissatisfied due to a genuine concern or unforeseen circumstance, the client may contact our support team for clarification, grievance redressal or refund-related queries.

Refund & cancellation

• Refunds and cancellations are processed only on a pro-rata basis, in accordance with applicable SEBI regulations and the nature and duration of the subscribed service.
• Research reports and recommendations are provided on a best-effort basis and carry no assurance or guarantee of profit, return or outcome.

Refund requests will not be considered on the basis of market fluctuations, trading or investment losses, dissatisfaction arising from market performance, or losses incurred based on research recommendations.

Fee limit

Pro-rata refund

• Fees for services already availed are not refundable, given the digital and consumable nature of research services.
• On cancellation, refund is processed only for the unexpired, unused portion of the subscription period, after deducting charges for services already availed, applicable taxes, administrative/processing charges and payment-gateway charges where applicable.

Refund = (Unused period ÷ Total period) × Total amount paid

Illustration: For an annual fee of ₹12,000 cancelled after 4 months, the unused period is 8 months → Refund = (8 ÷ 12) × ₹12,000 = ₹8,000 (before applicable deductions).

Payments should be made through valid banking channels or verified UPI only. For refund or grievance queries, email prateekdangi28@gmail.com or call +91 77374 59798.

Prateek Dangi, SEBI Registered Research Analyst (INH000018975), operating under the brand name "Stock Monster", 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 World Wide Web Consortium (W3C).

Conformance status

Accessibility features

• Keyboard-accessible navigation, menus and controls, with a clearly visible focus indicator and a "skip to main content" link.
• Semantic HTML, descriptive headings, ARIA labels, and accordions that announce their expanded/collapsed state.
• Data tables with proper header cells, and wide content that scrolls within its own container rather than breaking the layout.
• Text and interface colours checked for sufficient contrast, and text that can be resized without loss of content or function.
• A pause control on the auto-advancing app-screenshot slideshow, and touch targets sized for easier, more reliable tapping.
• Respect for the operating system's "reduced motion" preference, and responsive layouts across phones, tablets, laptops and large displays.

Feedback & escalation

If you experience any difficulty accessing content on this website, or have feedback on accessibility, please email prateekdangi28@gmail.com or call +91 77374 59798. We aim to respond within 2 working days and will make reasonable efforts to provide the required information in an accessible format. If you are not satisfied with our response, you may escalate through the SEBI SCORES portal.

Do's

• Always deal with a SEBI registered Research Analyst and ensure the registration certificate is valid.
• Check the SEBI registration number. Refer to the list of registered Research Analysts on the SEBI website.
• Pay attention to the disclosures made in research reports before investing.
• Pay the Research Analyst through banking channels only, and keep duly signed receipts. Payment through the Centralised Fee Collection Mechanism (CeFCoM) of RAASB is available.
• Ask all relevant questions and clear your doubts before acting on a recommendation, especially for complex and high-risk products.
• Be aware of your right to stop the service and to provide feedback, and that you are not bound by any clause contravening regulatory provisions.
• Inform SEBI about any Research Analyst offering assured or guaranteed returns.

Don'ts

• Do not provide funds for investment to the Research Analyst.
• Don't fall prey to luring advertisements or market rumours.
• Do not get attracted to limited-period discounts, incentives or gifts.
• Do not share the login credentials or passwords of your trading, demat or bank accounts with the Research Analyst.

Stock Monster is the brand name used by CA Prateek Dangi, a SEBI Registered Research Analyst (Registration No. INH000018975), operating from 15/297 Dangi Niketan, Laxmi Narayan Mandir Road, Bhilwara, Rajasthan 311001. In this policy, "we", "us" and "our" refer to CA Prateek Dangi (Stock Monster).

Information we collect

• Identity & contact — name, mobile number, email and postal address.
• KYC documents — PAN, Aadhaar and other documents required to onboard you under applicable regulations.
• Subscription details — the plan selected, its duration, and payment confirmation records.
• Communications — messages you send us on WhatsApp, email or through the app.
• Technical data — basic device and usage information from the app or website.

How we use your information

• To onboard you, verify your identity and meet our regulatory obligations.
• To deliver the research you have subscribed to and provide support.
• To process and confirm payments, and maintain the records we are required to keep.

Sharing your information

We do not sell your personal information. We may share it only with service providers who help us operate (for example payment processors and IT providers), and with regulators, auditors or authorities where we are required to do so by law.

Payments & data security

Payments are processed through the payment gateway integrated into our app or website; we do not store your full card details. Payments should only ever be made to the official account named on this website — never to any individual's personal account. We will never ask for your trading or demat account password, security question answers, or OTPs. Do not share these with anyone, including anyone claiming to represent us.

Retention & your rights

We keep your information for as long as you remain a client and thereafter for the period required under applicable law. You may ask us to access, correct or delete the personal information we hold about you, subject to the records we are legally required to retain.

Cookies

This website uses only what is necessary to serve the page. We do not run third-party advertising or analytics trackers on it.

Contact

Email prateekdangi28@gmail.com or call +91 77374 59798. Stock Monster, 15/297 Dangi Niketan, Laxmi Narayan Mandir Road, Bhilwara, Rajasthan 311001, India.