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Registration details

1. Code of Conduct

Suhani Sandip Katariya, Proprietor of Suhani Katariya, is a SEBI Registered Research Analyst vide Registration Number INH000026257 dated April 20, 2026.

In accordance with Regulation 24(2) of the SEBI (Research Analyst) Regulations, 2014, I shall maintain the following Code of Conduct:

Honesty and Good Faith

I shall act honestly and in good faith.

Diligence

I shall act with due skill, care and diligence and shall ensure that the research report is prepared after thorough analysis.

Conflict of Interest

I shall effectively address conflict of interest which may affect the impartiality of research analysis and research report and shall make appropriate disclosures to address the same.

Insider Trading or Front Running

I shall not engage in insider trading or front running of my own research report.

Confidentiality

I shall maintain confidentiality of the report till the report is made public.

Professional Standard

I am engaged in research analysis and shall observe high professional standards while preparing the research report.

Compliance

I shall comply with all regulatory requirements applicable to the conduct of my business activities.

Responsibility of Senior Management

I shall bear primary responsibility of senior management for ensuring the maintenance of appropriate standards of conduct and adherence to proper procedures.

Regards,
Suhani Sandip Katariya
(Proprietor of Suhani Katariya)

2. General Disclaimer

Suhani Sandip Katariya, Proprietor of Suhani Katariya, is registered with SEBI as an Individual Research Analyst vide Registration Number INH000026257 on April 20, 2026, pursuant to which I provide Research Analyst services to my clients.

Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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

• I am not affiliated with any other intermediaries and do not receive any brokerage or commission from any third party.
• The SEBI has issued no penalties or directions against me under the SEBI Act or any other regulation.
• I do not recommend any stock broker or other intermediary to a client, nor do I receive any consideration by way of remuneration or compensation or in any other form whatsoever from any stock broker or other intermediary.
• Investment in equity shares carries its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that I consider reliable. I, however, do not vouch for the consistency or completeness thereof. This material is for personal information only, and I am not responsible for any loss incurred due to it — I take no responsibility whatsoever for any financial profits or losses which may arise from the recommendations.
• I do not provide any promise or assurance of a favourable view for any particular industry, sector or business group in any manner. Investors are requested to take into consideration all the risk factors including their financial condition and suitability to risk-return profile before investing.
• I or any other person related to me may, from time to time, be holding positions in the stocks recommended.
• The research recommendations are provided to all my clients who are entitled to receive the research reports. Any client (paid or unpaid), any third party, or anyone else has no right to forward or share my calls, SMS, reports, or any information provided by me, with anyone (through any medium), whether received directly or indirectly. If found to do so, serious legal action may be taken.
• I ensure that any individuals employed as research analysts (if applicable) are kept separate from any other employees performing sales, trading, dealing, corporate finance advisory, or any other activity that may affect the independence of my research report or recommendations. Such individuals may, however, receive feedback from sales or trading personnel of the brokerage division to ascertain the impact of research reports/recommendations.
• If a client requests an opinion on a specific position, such suggestion or view shall under any circumstances be considered as an opinion (not advice). I am not liable for any losses whatsoever the client may incur in accepting such an opinion.
• I do not have any association in any manner with any issuer of products or securities. This ensures that there are no actual or potential conflicts of interest, and that objectivity or independence in the carrying on of research services is not compromised.
• 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.
• You, and not I, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing therefrom are your sole responsibility. I (or any person engaged by me) am in no way liable for the use of the information by others in investing or trading in any investment vehicles.
• I encourage all investors to use the services as a resource to further their own research on all featured companies, stocks, sectors, markets, and information presented on the site.
• Everything posted on social media (Twitter / X, Facebook, Telegram, YouTube channel, LinkedIn, Instagram, etc.) is for education or illustration purposes and should not be counted as a recommendation or investment advice.

Risk disclosure on Derivatives (F&O)

• 9 out of 10 individual traders in the equity Futures & Options segment incurred net losses, as per SEBI studies (FY 2021-22 to FY 2023-24).
• On average, loss-makers registered a net trading loss of close to ₹2 lakh; over and above this, loss-makers expended an additional 28% of net trading losses as transaction costs.
• Those making net trading profits incurred between 15% and 50% of such profits as transaction costs.
• Options research under the Stock Options Playbook and Index Option Playbook relates to complex, high-risk products. Please trade only with capital you can afford to lose and only after understanding the product.

3. Standard Disclosures

About the Research Analyst

Suhani Sandip Katariya, Proprietor of Suhani Katariya, is a SEBI Registered Research Analyst having her registered office at: Dattatraya D CO-OP Soopp Water Pumping, Nashik, Maharashtra — 422005.

Suhani Sandip Katariya, Proprietor of Suhani Katariya, was registered with SEBI as an Individual Research Analyst vide Registration Number INH000026257 on April 20, 2026, pursuant to which she provides Research Analyst services to clients.

Educational Background

Suhani Sandip Katariya, Proprietor of Suhani Katariya, has completed her Chartered Accountancy from the Institute of Chartered Accountants of India (ICAI) and Bachelor of Commerce from the University of Pune. With strong analytical skills, Suhani Sandip Katariya focuses on identifying investment opportunities and implementing structured research strategies.

Business Activities

Suhani Sandip Katariya, Proprietor of Suhani Katariya, provides research recommendations based on both fundamental and technical analysis, covering listed Indian equities and equity derivatives (stock and index options).

Disciplinary History

There are no outstanding litigations and no disciplinary history against Suhani Sandip Katariya, Proprietor of Suhani Katariya.

Terms and Conditions

• Suhani Sandip Katariya, Proprietor of Suhani Katariya, has exercised due diligence in verifying the correctness and authenticity of the information contained herein, as far as it relates to current and historical information. However, accuracy or completeness is not guaranteed.
• The opinions expressed are based on current research as of the date mentioned and are subject to change without prior notice.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, does not accept any liability arising from the use of this document or the information contained herein.
• Recipients of this material should rely on their own judgment and seek professional advice before acting on the information provided.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, shall not be responsible for any loss or damage that may arise due to any inadvertent error in the information, views, or opinions expressed.

Conflict of Interest Disclosure

Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates, including relatives:

• Do not hold any financial interest in the Company.
• Do not have actual / beneficial ownership of more than 1% in the Company.
• Do not have any material conflict of interest.

Independence of Research

• Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates are not affiliated with any other intermediaries and have not received any brokerage or commission from third parties.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates have not received any compensation from the Company covered under research during the past twelve months.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates have not managed or co-managed any public offering of securities of the Company in the past twelve months.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, and her associates have not served as an officer, director, or employee of the Company and have not been engaged in market-making activity of the Company.

Responsibility & Advice to Investors

• The facts mentioned in research reports issued by Suhani Sandip Katariya, Proprietor of Suhani Katariya, are obtained from reliable sources. However, investors are strongly advised to independently evaluate the market conditions and risks before making any investment decisions.
• Suhani Sandip Katariya, Proprietor of Suhani Katariya, may also use Artificial Intelligence tools in providing research services, in compliance with Regulation 19(vii) and Regulation 24(7) of the RA Regulations. The Research Analyst remains solely responsible for the security, confidentiality, and integrity of client data, and for the research output produced with such assistance.

4. Investor Charter for Research Analysts

Vision and Mission

Vision: Invest with knowledge & safety.
Mission: Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.

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

• 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 the financial interests in recommended securities.
• To provide research recommendations based on analysis of publicly available information and known observations.
• To conduct an audit annually.
• To ensure that all advertisements are in adherence to the provisions of 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.

Details of services provided to investors (no indicative timelines)

Onboarding of clients: sharing of terms and conditions of research services; completing KYC of fee-paying clients.

Disclosure to clients:

• To disclose information that is material for the client to make an informed decision, including details of business activity, disciplinary history, the terms and conditions of research services, details of associates, risks and conflicts of interest, if any.
• To disclose the extent of use of Artificial Intelligence tools in providing research services.
• To disclose, while distributing a third party research report, any material conflict of interest of such third party research provider, or provide a web address that directs the recipient to the relevant disclosures.
• To disclose any conflict of interest of the activities of providing research services with other activities of the Research Analyst.
• To distribute research reports and recommendations to clients without discrimination.
• To maintain confidentiality with respect to publication of the research report until made available in the public domain.
• To respect data privacy rights of clients and take measures to protect unauthorised use of their confidential information.
• To disclose the timelines for the services provided by the Research Analyst to clients and ensure adherence to the said timelines.
• To provide clear guidance and adequate caution notice to clients when providing recommendations for dealing in complex and high-risk financial products / services.
• To treat all clients with honesty and integrity.
• To ensure confidentiality of information shared by clients unless such information is required to be provided in furtherance of discharging legal obligations or a client has provided specific consent to share such information.

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 statutory and regulatory information
• Right to Fair & True Advertisement
• Right to Awareness about Service Parameters and Turnaround Times
• Right to be informed of service timelines
• Right to be Heard and for Satisfactory Grievance Redressal
• Right to Timely Redressal
• Right to Exit financial products / services per agreed terms
• Right to Clear Guidance on High-Risk Products
• Additional rights for vulnerable consumers
• Right to accessible services for differently abled individuals
• Right to provide feedback
• Right against coercive / unfair / one-sided clauses in financial agreements

Expectations from investors — Do’s

• Always deal with SEBI-registered Research Analysts.
• Ensure the Research Analyst has a valid SEBI registration. The list of all SEBI registered Research Analysts is available on the SEBI website (opens in new tab).
• Always pay attention to disclosures made in research reports before investing.
• Pay your Research Analyst through banking channels only and maintain duly signed receipts mentioning the details of your payments. You may make payment of fees through the Centralised Fee Collection Mechanism (CeFCoM) of RAASB if the Research Analyst has opted for the mechanism. (Applicable for fee-paying clients only.)
• Before buying / selling securities or applying in a public offer, check the research recommendation provided by your Research Analyst.
• Ask all relevant questions and clear your doubts with your Research Analyst before acting on a recommendation.
• Seek clarifications and guidance on research recommendations from your Research Analyst, especially if it involves complex and high-risk financial products and services.
• Always be aware that you have the right to stop availing the service of a Research Analyst as per the terms of service agreed between you and your Research Analyst.
• Always be aware that you have the right to provide feedback to your Research Analyst in respect of the services received.
• Always be aware that you will not be bound by any clause, prescribed by the Research Analyst, which is contravening any regulatory provision.
• 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 or other incentives, gifts, etc., offered by a Research Analyst.
• Do not share login credentials and passwords of your trading, demat, or bank accounts with the Research Analyst.

5. Most Important Terms & Conditions (MITC)

Fee-paying clients must read and consent to the SEBI-specified MITC before research services begin. The key terms are summarised below; the full MITC is shared with every client during onboarding and is available on request.

1. These terms govern the research services provided by the Research Analyst (RA) and form part of the client agreement.
2. The RA only provides research recommendations. The RA does not execute or carry out trades, and does not manage funds or securities, on behalf of the client. Never share your trading / demat / bank credentials or OTPs.
3. Fees are charged within the limits specified by SEBI (presently ₹1,51,000 per annum per family for individual and HUF clients, excluding statutory charges) and may be collected in advance for up to one year.
4. Fees are payable only through banking channels. Cash is not accepted. Clients may opt for the Centralised Fee Collection Mechanism (CeFCoM) of RAASB where available.
5. The RA does not guarantee or assure any returns. Any assured / guaranteed / fixed-return scheme is prohibited.
6. Investment in the securities market is subject to market risks; derivatives are complex and high-risk products. Past performance is no indicator of future results.
7. The client may stop availing the services at any time; refunds on premature termination follow the Refund Policy below and SEBI rules.
8. The RA keeps client information confidential and uses it only to deliver the services, except where disclosure is required by law.
9. The RA discloses the extent of use of Artificial Intelligence tools in providing research services.
10. Grievances may be raised with the RA, then on SEBI SCORES 2.0, and thereafter through SmartODR — see Grievance Redressal below.
11. No clause agreed between the client and the RA can override or dilute the SEBI MITC or any regulatory provision.

6. Grievance Redressal & Escalation Matrix

Step 1 — Contact the Research Analyst directly

If you are not satisfied with our services and would like to lodge a complaint, please first reach out via email or phone. Your complaint will be addressed on best-efforts basis within 7 business working days of the receipt of grievance, and we will try to resolve it within 21 days. Address: Dattatraya D CO-OP Soopp Water Pumping, Nashik, Maharashtra — 422005.

If you are not satisfied with the response, you can write to Suhani Katariya, Principal Officer, at casuhanikatariya@gmail.com with complete details.

Step 2 — Escalate to SEBI via SCORES 2.0

You can lodge your grievance with SEBI through SCORES at https://scores.sebi.gov.in (opens in new tab), or write to any of the offices of SEBI. SCORES 2.0 is SEBI’s web-based centralised grievance redressal system. Complaints against a Research Analyst get a two-level review: first by the designated body (RAASB — BSE Limited), then by SEBI.

Step 3 — Online Dispute Resolution (SmartODR)

If you remain unsatisfied with the resolution, you may file the complaint on the SMARTODR platform for resolution through online conciliation or arbitration: https://smartodr.in/login (opens in new tab).

Physical complaints

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.

7. Complaints Data

Disclosure of complaints in the format prescribed by SEBI under the Investor Charter for Research Analysts. This data is updated by the 7th of every month.

Data for the month ending September 2026

^ Average resolution time is the sum total of time taken to resolve each complaint, in days, in the current month divided by the total number of complaints resolved in the current month.
* Includes complaints of previous months resolved in the current month, if any.
# Includes total complaints pending as on the last day of the month, if any.

Trend of monthly disposal of complaints

* Registered as a Research Analyst with SEBI on 20 April 2026; data is shown from the month of registration.
** Pending complaints as on the last day of the month, if any.

Trend of annual disposal of complaints

* Includes complaints of previous years resolved in the current year, if any.
# Includes total complaints pending as on the last day of the year, if any.

8. Privacy, Refund & Terms of Use

Privacy Policy

• We collect only the information needed to provide research services and meet KYC and record-keeping obligations: name, contact details, PAN / KYC documents and payment records.
• Payments are processed by our checkout partner (Superprofile / Cosmofeed Technologies Pvt. Ltd.). We do not see or store your card, UPI PIN or bank login details.
• Client information is kept confidential and is not sold or shared, except with regulators, KYC agencies or where required by law, or with your consent.
• Records are retained for the period required under the SEBI (Research Analysts) Regulations, 2014 (minimum five years).
• This website does not use advertising or tracking cookies. Accessibility preferences you choose are saved only in your own browser.
• For any privacy request, write to casuhanikatariya@gmail.com.

Refund Policy

• You may discontinue the service at any time by writing to casuhanikatariya@gmail.com.
• On premature termination by the client or by the RA, fees for the unexpired period of the subscription are refunded on a pro-rata basis, as per SEBI norms.
• If the RA’s registration is suspended for more than 60 days or cancelled, fees for the period from the effective date of suspension / cancellation to the end of the subscription are refunded pro-rata.
• Refunds are made to the original payment source through banking channels.

Terms of Use

• Content on this website is for information about the research services and is not a recommendation to buy or sell any security.
• Research shared with subscribers is for their personal use only and must not be forwarded, copied or redistributed.
• Prices and plan details shown here are as charged at checkout; in case of any difference, the amount on the invoice prevails.
• Use of this website is governed by the laws of India, subject to SEBI’s grievance redressal and ODR mechanisms.

9. Annual Compliance Audit

In accordance with Regulation 25(3) of the SEBI (Research Analysts) Regulations, 2014, the practice is subject to an annual compliance audit conducted by an independent member of ICAI / ICSI / ICMAI in practice. The status of the latest audit and any adverse findings (with action taken) will be published here once the first audit cycle completes.

10. Accessibility Statement

We are committed to making this website usable by everyone, including persons with disabilities, in line with the Rights of Persons with Disabilities Act, 2016 and SEBI’s circular on accessibility and inclusiveness of digital platforms of regulated entities. The website is designed to meet the Web Content Accessibility Guidelines (WCAG) 2.1, Level AA.

Accessibility features

• Accessibility menu (the round button at the bottom-right of every page) to enlarge text, switch to high contrast, underline links, stop animations, invert colours, desaturate (greyscale), switch to a readable font, enlarge the cursor, highlight keyboard focus and show a reading guide. Your choices are remembered on your device.
• “Skip to main content” link, full keyboard navigation and a clearly visible focus outline.
• Semantic headings, landmarks and labelled links for screen readers (NVDA, JAWS, VoiceOver, TalkBack).
• Text alternatives for images, and colour contrast that meets WCAG AA.
• Responsive layout that works at up to 400% zoom and on mobile devices; respects the “reduce motion” setting of your device.
• Plain language, and simple pages with no time limits, CAPTCHAs or auto-playing media.

Audit status

An accessibility audit of this website by an IAAP-certified accessibility professional is being carried out as required by SEBI. The audit date and findings will be published here.

Feedback & assistance

If you face any difficulty accessing any part of this website or our services, please contact casuhanikatariya@gmail.com or +91 77688 81441. We will respond and provide the information in an accessible format.

Last updated: 8 October 2026