Disclosure Document
As per SEBI (Research Analysts) Regulations, 2014
Last Updated: June 2024
About Myself
I am Shubham Ganesh Shirkar, a SEBI Registered Research Analyst (Registration No: INH000016913).
Master of Management Studies (Finance)
7+ NISM Professional Certifications
- • Founder, ShubInvests (2024 – Present)
- • Equity Research Analyst, StockGro (2024 – Present)
- • Equity Relationship Mgr, ICICI Securities (2023 – 2024)
- • Securities Division Intern, IIFL Securities (2022)
Business Activity
SEBI Registered Research Analyst since June 2024, providing independent research recommendations in Equity, specializing in Small & Mid-Cap Investing, Fundamental Analysis, and Company Valuations.
Disciplinary History
There is no disciplinary history in my name, and there are no pending regulatory orders or outstanding litigations.
Terms & Conditions for Research Report
Details of Associates:
I do not have any employees or corporate associates.
Ownership & Material Conflicts of Interest:
- •The Research Analyst or his relatives or associates do not have financial interest in the subject company.
- •The Research Analyst or his relatives or associates do not have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month preceding publication.
- •The Research Analyst or his relatives or associates do not have any other material conflict of interest at the time of publication of the research report.
Receipt of Compensation:
- •The Research Analyst or his associates have not received compensation from the subject company in the past 12 months.
- •The Research Analyst or his associates have not managed or co-managed public offerings of securities for the subject company in the past 12 months.
- •The Research Analyst or his associates have not received compensation for investment banking, merchant banking, or brokerage services from the subject company.
- •The Research Analyst or his associates have not received compensation for products or services other than investment banking or brokerage services from the subject company.
- •The Research Analyst or his associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
General Disclosure & AI Tools Policy
- •The Research Analyst has not served as an officer, director, or employee of the subject company.
- •The Research Analyst has not been engaged in market-making activities for the subject company.
Regulatory Warnings & Disclaimers
Warning: "Investments in securities market are subject to market risks. Read all the related documents carefully before investing."
Disclaimer: "Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors."
Recommendations may be open without predefined stop-loss or target price. This may cause portfolio loss during adverse market events.
Market risks may result in partial or total loss of invested capital under fluctuating market conditions.
All information shared on public/social media platforms is strictly for educational purposes and not financial advice.
Past performance is not indicative of future returns or guaranteed market outcomes.
Contact & Regulatory Grievance Details
SEBI Reg No: INH000016913
Validity: June 2024 – Perpetual
Compliance Officer: Shubham Ganesh Shirkar
Email: shuubham121@gmail.com
Phone: +91 8422990105