Siddharth Shrivastava | SEBI Registered Research Analyst | Reg. No. INH000017587Investments are subject to market risks
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Standard Disclosure

Last updated: 3 September 2026

The particulars in this Disclosure Document have been prepared in accordance with the SEBI (Research Analysts) Regulations, 2014. Its purpose is to provide essential information about the research and recommendation services, to assist a prospective client in making an informed decision before engaging with, and investing on the basis of, those services.

Registration Details

  • Registered Name: Siddharth Shrivastava
  • Trade Name: Alpha Point Research
  • Type of Registration: Research Analyst (Individual)
  • SEBI Registration No.: INH000017587
  • Registered Address: Santoshi Nagar Road, Tikrapara, Raipur – 492001, Chhattisgarh, India

For the purpose of this Disclosure Document, the Research Analyst is Siddharth Shrivastava, trading as Alpha Point Research.

About the Research Entity

  • Siddharth Shrivastava is registered with SEBI as a Research Analyst (Registration No. INH000017587) and is engaged in research and recommendation services. The focus of the practice is to provide research and recommendation services to clients, aligning its interests with those of the client and seeking to provide the best-suited service.
  • Terms and conditions of the research and recommendation services are detailed in the Terms and Conditions document.
  • Disciplinary history: 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 or any associate or relative.
  • Associates: No associate.

Disclosures With Respect to Research and Recommendation Services

  • The Research Analyst, or an associate or relative, may have a financial interest or actual/beneficial ownership of 1% or more in the securities recommended, in a personal portfolio, at the end of the month immediately preceding the date of publication of the research report or public appearance — details are referred through the disclosures made at the time of recommendation.
  • There are no actual or potential conflicts of interest arising from any connection of the Research Analyst, or an associate or relative, with any issuer of the products/securities covered, including any material information or fact that might compromise objectivity or independence; any such conflict shall be disclosed to the client as and when it arises.
  • The Research Analyst, or an associate or relative, has no connection or association of any sort with any issuer of the products/securities recommended.
  • The Research Analyst, or an associate or relative, has not received any compensation from the subject company in the past 12 months, has not managed or co-managed the public offering of the subject company in the past 12 months, and has not received any compensation for investment banking, merchant banking or brokerage services from the subject company in the past 12 months.
  • The Research Analyst, or an associate, has not received any compensation or other benefit from the subject company or a third party in connection with the research report or recommendation.
  • The subject company was not a client of the Research Analyst, or an associate, during the twelve months preceding distribution of the research report/recommendation, and the Research Analyst has not served as an officer, director or employee of the subject company, nor been engaged in market-making activity for the subject company.

Fees

  • The Research Analyst is permitted to charge a maximum of ₹1,51,000 per client per annum per family, as prescribed by SEBI (the fee limit excludes statutory charges and does not apply to a non-individual client or accredited investor). If a client has already paid this maximum permissible fee before the completion of a 12-month service period, the client shall not be permitted to renew their subscription until the conclusion of that 12-month period. Clients are advised to plan subscriptions accordingly.
  • The pre-paid subscription may be collected by Account Payee Crossed Cheque, Demand Draft, Credit Card, or direct credit via NEFT/RTGS/IMPS/UPI or any other SEBI-specified mode. Cash payment is not allowed. Clients may optionally pay through the Centralised Fee Collection Mechanism for RAs (CeFCoM), managed by BSE Limited as the currently recognised RAASB.
  • The Research Analyst may charge fees in advance if agreed by the client, not exceeding the period stipulated by SEBI — presently one quarter.

Client Consent — Standard Terms of Service

By subscribing, the client confirms: “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 Analysts) 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 judgment and assessment. I/We understand that: (i) any investment made based on the recommendations is subject to market risk; (ii) recommendations do not provide any assurance of returns; (iii) there is no recourse to claim any losses incurred on investments made based on the recommendations.”

The Research Analyst declares: it is duly registered with SEBI pursuant to the SEBI (Research Analysts) Regulations, 2014 (registration no. INH000017587, registration date November 23, 2022); it holds the registration and qualifications required to render the services contemplated under the RA Regulations, valid and subsisting; its services do not conflict with or violate any provision of law, rule, regulation, contract or other instrument to which it is party; the maximum fee that may be charged is ₹1.51 lakh per annum per family of client; and the recommendations provided do not provide any assurance of returns.

Risk Factor

Standard warning: “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.”

AI and Algorithmic Trading

Our offerings may include the use of Artificial Intelligence (AI) and algorithmic tools to provide research insights. Investors should understand:

  1. No assurance of guaranteed returns. Algorithmic and AI-based tools assist data-driven decision-making but do not guarantee profits or assured returns; performance depends on market conditions, which are inherently unpredictable.
  2. Limitations. These tools carry limitations, including technical errors or software/API glitches, broker-related platform issues, and reduced effectiveness in extreme market volatility.
  3. No liability for external errors. We are not responsible for errors or malfunctions arising from third-party software/API providers, broker-related disruptions, or other external factors beyond our control.
  4. Risk acknowledgment. Investors are advised to understand and accept the risks of algorithmic trading before using our services, and to conduct their own due diligence.

Most Important Terms and Conditions (MITC)

As prescribed by SEBI Circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/20 dated February 17, 2025:

  1. These terms, and the client’s consent to them, are for the research services provided by the Research Analyst (RA). The RA cannot execute or carry out any trade (purchase/sale transaction) on the client’s behalf — clients are advised not to permit the RA to execute any trade on their behalf.
  2. The fee charged is subject to the maximum amount prescribed by SEBI/RAASB from time to time (applicable only to individual and HUF clients) — currently ₹1,51,000 per annum per family for all research services, excluding statutory charges; this limit does not apply to a non-individual client or accredited investor.
  3. The RA may charge fees in advance if agreed by the client, not exceeding the SEBI-stipulated period (presently one quarter). In case of pre-mature termination of the RA’s services by either the client or the RA, the client is entitled to seek a refund of proportionate fees for the unexpired period only.
  4. Fees may be paid by cheque, online bank transfer, UPI, or other specified modes — cash payment is not allowed. Clients may optionally pay via the Centralised Fee Collection Mechanism (CeFCoM) managed by BSE Limited.
  5. The RA must abide by applicable SEBI/RAASB regulations on disclosure and mitigation of any actual or potential conflict of interest, and will endeavour to promptly inform the client of any conflict affecting the services rendered.
  6. Any assured, guaranteed or fixed-return scheme, or any scheme of similar nature, is prohibited by law and will never be offered by the RA.
  7. The RA cannot guarantee returns, profits, accuracy, or risk-free investment from the use of its research services. All opinions, projections and estimates are based on analysis of available data under stated assumptions as of the date of publication.
  8. Investments made based on research report recommendations are subject to market risk, and recommendations do not provide any assurance of returns; there is no recourse to claim losses incurred on investments made based on the recommendations. Reliance on a research report is per the client’s own judgment and assessment.
  9. SEBI registration, RAASB enlistment, and NISM certification do not guarantee the RA’s performance or assure any return to the client.
  10. For grievances: first contact the RA using the details on the Grievance Redressal page; if unresolved, lodge a grievance on SEBI’s SCORES platform (scores.sebi.gov.in); a client may also pursue Online Dispute Resolution through the SMART ODR portal (smartodr.in).
  11. Clients are required to keep their contact details, including email and mobile number, updated with the RA at all times.
  12. The RA will never ask for a client’s login credentials or OTPs for their trading, demat or bank account. Never share such information with anyone, including the RA.

Note on refunds: Point 3 above reflects the SEBI-mandated MITC entitlement to a proportionate refund on early termination. Our Refund Policy page is being reviewed to ensure it’s stated consistently with this — see that page and docs/compliance.md for the current status.

Registration granted by SEBI, and certification from NISM, in no way guarantee performance of the intermediary or provide any assurance of returns to investors. All rights reserved — reproducing, copying or distributing the research reports and alerts published by Alpha Point Research on its website, app or other platforms, wholly or in part, without permission, is strictly prohibited and constitutes copyright infringement. Alpha Point Research is an independent research practice operating under the SEBI registration of its proprietor and is not an investment adviser. Information provided is a resource only and should be used at one’s own risk — it is not an offer to sell or a solicitation to buy any security, and neither Siddharth Shrivastava nor any promoter, employee or associate will be liable for losses incurred, or investment decisions made or not made, based on the information provided.

Standard Disclosure/Disclaimer

Alpha Point Research does not receive any consideration by way of remuneration or compensation, in any form, from us or any associate, for any distribution or execution services in respect of the securities for which research is provided. We do not provide any order execution service to any user/subscriber — if any person offers execution services in the name of Alpha Point Research, please deny such services and report it to us immediately.

We do not recommend a stock/commodity broker; where a representative recommends one, we receive no consideration from that broker or intermediary. To ensure compliance with the SEBI (Research Analysts) Regulations, 2014, the Research Analyst and representatives do not trade in the securities/instruments covered in our research, and we are not associated with any issuer of products/securities, so as to avoid any actual or potential conflict of interest.

Investment in stock/commodity markets is subject to market risk; while best efforts are made in preparing research, no surety of return or accuracy of any kind is guaranteed. Research reports and calls should be considered an opinion, not a guarantee, and clients should make investment decisions of their own accord, considering their own risk profile and risk-bearing capacity.

Alpha Point Research, its promoter, employees, directors and stakeholders may hold, or have held, positions in the stocks/instruments covered in our research reports and communications.