Most Important Terms & Conditions

The Research Analyst ("Scoutstack"): Scoutstack Technical Research, a SEBI-registered Research Analyst, holding Registration No. INH000006086, with Research Analyst Administration and Supervisory Body (RAASB) being BSE Limited, having its registered office at Plot No. 83, Shrinivas Tower, M.P. Nagar Zone II, Bhopal — 462011, Madhya Pradesh, India. Principal Officer: Atish Shakergaye.

The Client:The natural person or entity onboarded under the KYC process who has eSigned this MITC and paid the applicable fee. The Client's identity, PAN, registered email and registered mobile number captured during KYC form an integral part of this agreement.

Scoutstack provides intraday and positional research recommendations for equity, F&O and commodity segments listed on NSE and MCX, delivered via WhatsApp, the client dashboard, email and (where applicable) SMS or Telegram. Scoutstack does NOT execute trades, manage portfolios, provide investment advisory under the IA Regulations, or operate any guaranteed-return product. Trade execution remains the sole responsibility of the Client through their broker.

• Introductory subscription: ₹51 (one-time) for two trading days, one segment.
• Standard monthly plans: ₹799 to ₹1,199 per segment per month. Combo plans from ₹1,499 per month.
• Maximum advance fee: one year, in line with SEBI Circular dated 2 April 2025 (effective 1 November 2025).
• SEBI fee cap: ₹1,51,000 per family per financial year (Reg. 15A; CII-indexed and reviewed every three years by RAASB).
• Payments accepted only through banking channels — UPI, NEFT, IMPS, RTGS, Net Banking, Debit/Credit Card, or CeFCoM. Cash payments are strictly prohibited (Reg. 16).
• No auto-debit, no recurring mandate, no stored card. Every fee — introductory, monthly, or renewal — requires fresh consent and a fresh payment action by the Client. SEBI does not permit automated debit for Research Analysts.

Scoutstack does not and cannot offer fixed, assured, or guaranteed returns. Any communication, written or oral, that promises a guaranteed return is void and contrary to SEBI regulations. The Client acknowledges that all securities market investments are subject to market risk.

The Research Analyst and the Analyst's immediate relatives shall not deal in any subject security for thirty (30) days before and five (5) days after the publication of a research recommendation on that security. Material conflicts of interest, if any, will be disclosed at the head of the relevant research report. Scoutstack maintains an internal record of all such disclosures for SEBI inspection.

KYC is mandatory for all paying Clients. KYC is performed via DigiLocker through Digio (PAN + Aadhaar + MITC eSign). KYC data is stored with the KYC Registration Agency per SEBI standards. The Client's KYC will be re-verified annually in line with Reg. 24.

Scoutstack is prohibited from asking the Client for trading account credentials, OTPs, broker passwords, or any account-access details. The Client is advised never to share such information with any person claiming to represent Scoutstack.

The Client may cancel any active subscription at any time by writing to compliance@scoutstack.co.in or by replying on the registered WhatsApp number. A pro-rata refund for the unused subscription period will be processed via the original payment method within fifteen (15) working days of receipt of the written cancellation request (Reg. 26). There is no breakage charge, lock-in, or exit fee.

Per the SEBI Circular dated 30 October 2025, performance figures of any nature (hit rate, risk-reward, drawdown) are disclosed only upon Past Risk and Return Verification Agency (PaRRVA) certification. Scoutstack's PaRRVA verification is in process. Until then, segment-wise performance is shared on specific written request, accompanied by the disclaimer that past performance is not indicative of future results.

• Level 1 (Scoutstack): compliance@scoutstack.co.in · +91 88279 79008. Resolution within 21 calendar days.
• Level 2 (RAASB): BSE Limited (where the matter is unresolved at Level 1).
• Level 3: SEBI SCORES — https://scores.sebi.gov.in
• Level 4: SmartODR — https://smartodr.in (online dispute resolution).
• Level 5: Securities Appellate Tribunal (SAT), where applicable.

Research recommendations represent the Analyst's honest assessment at the time of publication and are provided for informational purposes only. Trading decisions and outcomes are the sole responsibility of the Client. Scoutstack shall not be liable for any direct, indirect, consequential, or speculative loss arising from the Client's decision to act, or not act, on any recommendation.

Either party may terminate this agreement by written notice. Scoutstack reserves the right to terminate immediately on Client's breach of credential-security obligations, KYC fraud, fee-cap circumvention, or violation of intellectual-property terms. Termination by Scoutstack does not extinguish the Client's right to a pro-rata refund of the unused fee.

This agreement is governed by the laws of India, including the SEBI Act 1992, the SEBI (Research Analysts) Regulations 2014 (as amended), the RA Master Circular dated 1 August 2024 (as amended), and the Digital Personal Data Protection Act, 2023. Disputes shall be subject to the exclusive jurisdiction of courts at Bhopal, Madhya Pradesh, and to SEBI's statutory dispute resolution mechanisms set out in clause 8.