Subscription-Based Recommendation Services

Mandatory Disclosure

Purpose: To provide essential information about the Research Services to assist prospective clients in making an informed decision before onboarding.

1. History, Present Business and Background

Rehan Ahmed Zubairahmed Shaikh is registered with SEBI as Research Analyst with registration no. INH000027201. The Research Analyst received its registration on May 18, 2026 and is engaged in offering research and recommendation services.

2. Terms and Conditions of Research Services

• The Research Services will be limited to providing independent research recommendation and shall not be involved in any advisory or portfolio allocation services.
• The Research Analyst never guarantees the returns on the recommendation provided.
• Investment/trading in stocks/Index or other securities is always subject to market risk. Past performance is never a guarantee of same future results.
• The Research Analyst shall not be responsible for any loss to the Investors.

3. Disciplinary History

• There are no pending material litigations or legal proceedings against the Research Analyst.
• As on date, no penalties / directions have been issued by SEBI under the SEBI Act or Regulations.

4. Details of its associates

No associates.

5. Disclosures with respect to Research and Recommendations Services

• The Research Analyst or any of its officer/employee does not trade in securities which are subject matter of recommendation.
• There are no actual or potential conflicts of interest.
• Research Analyst or its employee or its associates have not received any compensation from the company which is subject matter of recommendation.
• Research Analyst or its employee or its associates have not managed or co-managed the public offering of any company.
• The subject company was not a client of Research Analyst during twelve months preceding the date of recommendation services provided.

6. Standard Warning

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

7. Disclaimer

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

Legal Agreement

By accessing and using this website or availing any of our services, you agree to be bound by the following terms and conditions.

1. Use of Website and Services

Any sample or demonstration content provided is for illustrative purposes only. Such content does not constitute a research recommendation. Any action taken based on such trial recommendations is at the sole discretion and risk of the user.

2. Research and Recommendations

All research-based recommendations are provided based on the subscription package chosen. Clients are advised to exercise their own judgment. The firm bears no responsibility for any gains or losses incurred.

3. Market Risk Disclaimer

Stock market investment and trading inherently involve risks. Rehan Ahmed Zubairahmed Shaikh shall not be held liable for any losses arising due to market fluctuations, delays in receiving recommendations, technical issues, or inaccuracies in shared information.

4. Confidentiality and Data Sharing

All research reports, strategies, and communication are strictly confidential. Sharing or distributing this content in any form is prohibited and may invite legal action.

5. Code of Conduct - Staff and Clients

No employee or associate is permitted to solicit or accept personal gifts, benefits, or payments from clients. All payments must be made only to the official bank account listed on our website.

6. Account Security

Rehan Ahmed Zubairahmed Shaikh does not operate or manage client Demat or trading accounts. Clients must not share login credentials, User ID, password, or OTPs with any representative.

7. Policy Updates

We reserve the right to update these terms at any time without prior notice. Continued use implies acceptance of updated terms.

Staff & Client Ethics

5. Code of Conduct - Staff and Clients

No employee or associate is permitted to solicit or accept personal gifts, benefits, or payments from clients. All payments must be made only to the official bank account listed on our website.

Data Protection

Rehan Ahmed Zubairahmed Shaikh is committed to protecting the privacy of every individual who interacts with us.

1. Information We Collect

We may collect personal information such as your name, phone number, email address, PAN, and other contact details when you engage with our services.

2. Purpose of Collection and Usage

• To provide the services you have subscribed to
• To communicate with you about your account, registration, and services you use
• To send optional newsletters, surveys, offers, and promotional updates only where you have separately opted in to the relevant channel
• To improve our services and understand your needs
• To comply with regulatory or legal requirements

3. Communications and Marketing Choices

We may send communications needed to respond to your inquiry, complete registration, protect your account, or provide services you use. Submitting an inquiry or accepting these Terms and this Privacy Policy does not by itself opt you in to promotional WhatsApp messages. We send WhatsApp marketing messages only if you separately choose the optional WhatsApp marketing setting. Advisory alerts have a separate setting.

4. Data Security

We take appropriate technical and organizational measures to protect your data from unauthorized access, misuse, or disclosure.

5. Opt-Out Option

You can withdraw WhatsApp marketing consent at any time by replying STOP on WhatsApp or emailing rehan@barkatcapital.com. This does not change the service messages needed for an account or services you use, or your separate advisory-alert preference.

Cancellation & Refund

All sales are final, and we do not offer refunds for the paid period of services already availed.

As per SEBI guidelines, if a client requests to cancel the subscription, a refund shall only be issued for the unused portion of the subscription period. The refund will be calculated on a pro-rata basis, deducting the charges for the services already availed, including applicable taxes and administrative fees.

Important: Refunds will not be provided for the period of services already availed, irrespective of the client's satisfaction with the recommendations or the outcome of trades.

By subscribing to our services and making payment, the client acknowledges that they have read, understood, and agreed to this refund policy.

Complaints & Support

We value your trust and are committed to addressing any concerns or complaints promptly and transparently.

Contact Channels

• Email: rehan@barkatcapital.com
• Phone: +91 9824166116 (Working hours: Mon-Fri, 10:00 AM - 6:00 PM)
• Post: 13 Gulzar Row House, Opposite Sultaniya Gymkhana, New Rander Road, Surat - 395005, Gujarat

Escalation Matrix

Resolution Timeline: We aim to provide a resolution within 21 working days from the date of receiving your complaint.

Still Not Satisfied?

• Raise your concern through SEBI's SCORES Portal: https://scores.sebi.gov.in
• Proceed to Online Dispute Resolution (ODR): https://smartodr.in

Transparency Report

Complaints Summary — as on November 05, 2026

Trend of Monthly Disposal of Complaints

Trend of Annual Disposal of Complaints

Last updated: November 5, 2026. This data is automatically sourced from our system and updated in real time as per SEBI requirements.

Your Rights & Responsibilities

A. 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 be Heard and Satisfactory Grievance Redressal
• Right to have timely redressal
• Right to Exit from Financial product or service
• Right to receive clear guidance and caution notice when dealing in Complex and High-Risk Financial Products

B. Responsibilities of Investors (Do's)

• Always deal with SEBI registered Research Analyst
• Ensure that the Research Analyst has a valid registration certificate
• Check for SEBI registration number on SEBI website
• Pay attention towards disclosures made in research reports before investing
• Pay through banking channels only and maintain duly signed receipts
• Ask all relevant questions and clear your doubts before acting on recommendation
• Inform SEBI about Research Analyst offering assured or guaranteed returns

C. Responsibilities of Investors (Don'ts)

• Do not provide funds for investment to the Research Analyst
• Don't fall prey to luring advertisements or market rumors
• Do not get attracted to limited period discount or other incentives
• Do not share login credentials of your trading, demat or bank accounts

Investor Responsibilities

B. Responsibilities of Investors (Do's)

• Always deal with SEBI registered Research Analyst
• Ensure that the Research Analyst has a valid registration certificate
• Check for SEBI registration number on SEBI website
• Pay attention towards disclosures made in research reports before investing
• Pay through banking channels only and maintain duly signed receipts
• Ask all relevant questions and clear your doubts before acting on recommendation
• Inform SEBI about Research Analyst offering assured or guaranteed returns

C. Responsibilities of Investors (Don'ts)

• Do not provide funds for investment to the Research Analyst
• Don't fall prey to luring advertisements or market rumors
• Do not get attracted to limited period discount or other incentives
• Do not share login credentials of your trading, demat or bank accounts

SEBI Registered

As per SEBI Circular SEBI/HO/IMD/IMD-II CIS/P/CIR/2023/30 dated April 6, 2023

Verify Registration: Click here to verify on SEBI website

MITC

1. Scope of Services

• Publishing research reports on securities.
• Buy/Sell/Hold recommendations.
• Price targets and investment rationale.
• Market analysis and insights.
• Ethical / Shariah-compliant screening where applicable.

2. Fee Structure

• Maximum fee: Rs. 1,51,000 per annum per family.
• Fees are exclusive of statutory charges such as GST.
• Advance fee collection is limited to one quarter (3 months).
• Payment methods: cheque, NEFT, RTGS, and UPI through banking channels.
• No cash payments are accepted.

3. No Guarantee of Returns

• The Research Analyst cannot guarantee returns, profits, accuracy, or risk-free outcomes.
• Views are based on available data and assumptions as of the date of preparation.
• Investments are subject to market risks.
• Losses incurred on investments cannot be claimed from the Research Analyst.

4. No Execution of Trades

• The Research Analyst cannot execute buy/sell transactions on behalf of clients.
• Clients should not authorize trade execution by the Research Analyst.

5. Refund and Termination Policy

• On premature termination by either party, proportionate refund may apply for the unexpired period.
• Fees already earned for services rendered are non-refundable.

6. Client Acknowledgment

• The Research Analyst cannot execute trades on the client's behalf.
• Fees are subject to regulatory limits.
• There is no guarantee of returns.
• Market risks apply to all investments.
• Any security holdings by the Research Analyst, where relevant, will be disclosed separately.

7. Prohibition on Assured Returns Schemes

Any assured, guaranteed, or fixed-return scheme (or similar arrangement) is prohibited by law and will not be offered.

8. Grievance Redressal

• Level 1: Contact Research Analyst at support@barkatcapital.com (response within 21 working days)
• Level 2: SEBI SCORES: https://scores.sebi.gov.in
• Level 3: SMART ODR: https://smartodr.in