Disclosures and Disclaimers
1. REGULATORY STATUS AND SEBI REGISTRATION
Entity Name: Forever Research
Registration Type: SEBI Registered Research Analyst
SEBI Registration Number: INH000022783
Registration Validity: Aug 20, 2025 – Perpetual
BSE Enlistment Number: 6893
Registered Office: Adeesh Nilaya, TPK Road, Saptagiri Extension, Near Nalanda Convent, Tumkur, Karnataka – 572102
Compliance Officer: Pradeep Adimurthy
Email: foreverresearch49@gmail.com
Phone: +91 98863 73572
Website: https://www.foreverresearch.com/
Forever Research (“the Research Analyst” or “RA”) is registered with the Securities and Exchange Board of India (SEBI) under the SEBI (Research Analysts) Regulations, 2014, bearing Registration No. INH000022783.
The RA is engaged in providing research services in the form of research reports, market commentary, and general investment insights.
Important:
Registration granted by SEBI and certification from NISM do not guarantee the performance of the intermediary or assure any returns to investors.
2. NATURE, PURPOSE, AND LIMITATION OF INFORMATION
The information, research reports, and communications disseminated by Forever Research:
• Is for information purposes only
• Do not constitute personalized investment advice or recommendations tailored to the investment objectives, financial situation, or specific needs of any individual
• Should not be construed as an offer or solicitation to buy or sell any securities
Any references to securities shared on public platforms, including social media or free groups, are provided strictly for illustrative purposes and should not be construed as investment recommendations.
3. INVESTOR RESPONSIBILITY AND INDEPENDENT DECISION-MAKING
Investors are advised to:
• Exercise independent judgment before making any investment decision
• Carefully evaluate their risk appetite, financial position, and investment objectives
• Seek professional guidance from a SEBI-registered Investment Adviser, where appropriate
All investment decisions and outcomes are the sole responsibility of the investor.
4. COMPREHENSIVE RISK DISCLOSURES
4.1 Market Risk
Investment in securities markets is subject to market risks, including the possibility of partial or complete loss of capital.
4.2 Volatility Risk
Prices of securities may fluctuate significantly due to market conditions, macroeconomic factors, liquidity, and company-specific developments.
4.3 Past Performance Risk
Past performance is not indicative of future results. Historical returns should not be relied upon for future investment decisions.
4.4 Open Position Risk
Certain research views may not include predefined stop-loss levels or target prices. In such cases, investors may be exposed to higher levels of risk, including significant capital erosion during adverse market movements.
5. NO PERSONALIZED ADVISORY OR PORTFOLIO MANAGEMENT SERVICES
Forever Research does not provide:
• Portfolio Management Services (PMS)
• Personalized investment advisory services
• Individual portfolio handling or account management
• Profit-sharing or assured return arrangements
The services offered are limited strictly to research and analysis and do not fall under the scope of investment advisory services as defined under SEBI (Investment Advisers) Regulations.
No risk profiling of clients is undertaken as services are non-advisory.
6. TERMS OF RESEARCH REPORTS AND DATA RELIABILITY
6.1 Purpose
Research reports are issued for informational purposes and may be made available to registered clients and/or the public.
6.2 Sources of Information
The information is derived from publicly available data and other sources believed to be reliable. However, independent verification may not always be possible.
6.3 No Solicitation
The content does not constitute a solicitation or inducement to engage in trading or investment activity.
6.4 Client Responsibility
Recipients are advised to consult their financial advisors before acting on any information.
6.5 Copyright
All research reports are intended for personal use only and may not be reproduced, redistributed, or published without prior written consent.
7. LIMITATION OF LIABILITY AND DISCLAIMER OF WARRANTIES
While utmost care has been taken in preparing the information, Forever Research does not warrant:
• Accuracy
• Completeness
• Reliability
• Suitability of the information
To the extent permitted by applicable laws and regulations, Forever Research shall not be liable for any direct or indirect losses arising from the use of its research reports or communications.
8. CONFLICT OF INTEREST AND FINANCIAL DISCLOSURES
As of the date of publication:
• Forever Research, its analysts, partners, and associates do not hold 1% or more in the equity securities of the subject companies
• No material conflict of interest exists
• No compensation has been received from subject companies in the past 12 months for:
o Investment banking services
o Merchant banking services
o Brokerage services
o Any other products or services
Additionally:
• The RA has not managed or co-managed any public offerings of the subject companies
• No compensation or benefits have been received in connection with the research report
• No market-making activity has been undertaken
9. RESEARCH ANALYST DISCLOSURE
The Research Analyst has not served as an officer, director, or employee of the subject companies in the past 12 months.
10. ANALYST CERTIFICATION
The Research Analyst(s) certify that:
1. The views expressed in the research reports accurately reflect their personal views about the subject securities or issuers.
2. No part of their compensation is, was, or will be directly or indirectly related to the specific recommendations or views expressed.
11. TRADING PRACTICES AND FAIR CONDUCT
Forever Research maintains internal policies and controls designed to:
• Prevent front-running and misuse of unpublished information
• Ensure ethical conduct and compliance with regulatory requirements
• Maintain appropriate separation between research and trading activities
12. FEE STRUCTURE AND PAYMENT SAFEGUARDS
Clients are advised to make payments only through official and verified channels:
• Website: https://www.foreverresearch.com
• Verified bank accounts
• Authorized payment gateways / verified UPI
Forever Research does not authorize any individual or third party to:
• Collect payments in personal accounts
• Offer guaranteed returns or assured profits
Any such activity should be reported immediately to the company authorities.
13. REPORTING UNETHICAL PRACTICES
Investors are encouraged to report:
• Misleading claims
• Unauthorized fee collection
• Return guarantees or fraudulent representations
Compliance Officer: Pradeep Adimurthy
Contact:
Email: foreverresearch49@gmail.com
Phone: +91 98863 73572
14. DATA PRIVACY, CONFIDENTIALITY, AND RECORD MAINTENANCE
Forever Research:
• Implements strong measures to safeguard client data and confidentiality
• Complies with applicable data protection and IT laws
• Maintains records of research reports, rationale, and communications as required under SEBI regulations
15. USE OF TECHNOLOGY, AI, AND ALGORITHMIC TOOLS
The Research Analyst may use technology-driven tools, including statistical models, screening systems, data analytics platforms, artificial intelligence (AI), and/or algorithmic frameworks (“Tools”) in the research process.
• All outputs generated by such Tools are subject to human review, validation, and judgment before forming part of the research report
• Final recommendations are solely determined by the Research Analyst and not by automated systems
• Such Tools may produce inaccurate or incomplete outputs, and no assurance is provided regarding their predictive accuracy
Investors should exercise independent judgment when relying on such outputs.
16. MODEL PORTFOLIO DISCLAIMER
Any model portfolio offered is for informational purposes only and does not constitute an offer to sell or a solicitation to buy securities.
Model portfolios:
• Are Illustrative and non-client-specific
• Are designed based on predefined investment objectives (e.g., momentum, growth, value, income)
• Not tailored to individual risk profiles, financial situations, or investment goals
• Does not provide any assurance or guarantee of returns or performance
• May not be suitable for all investors
• Are accompanied by a detailed rationale
• Are regularly monitored and updated when necessary
No Personalized Advice:
• Model portfolios do not constitute personalized investment advice
• Investors should seek independent advice before acting on such portfolios
• Should not be construed as a portfolio management service, investment advisory service, or an offer to manage or handle investor funds or accounts
Performance:
• Any performance shown may not reflect actual realized returns
• Any performance shown does not guarantee future performance
• Past performance is not indicative of future results
We are registered with SEBI as a Research Analyst. However, registration does not imply that SEBI guarantees the performance of the Model Portfolio or provides any assurance of returns.
17. UNREGULATED PRODUCTS DISCLOSURE
References, if any, to the following instruments:
• Crypto assets
• Forex trading
• International securities
Are outside the regulatory purview of SEBI.
Investors should note:
• No SEBI protection or grievance mechanism applies
• Such instruments carry higher risk
• Any mention of those instruments is purely educational
18. STOCK RATING DEFINITIONS AND INTERPRETATION
The following terminology may be used in research communications:
• Buy: Indicates a purchase within specified price range or timeframe
• Sell: Suggests a sell within defined price levels or timeframe
• Hold: Continue holding existing position
• Apply: Participate in IPO / OFS / Buyback Offers
• Book Profit: Indicates a sell for partial or full profit realization
• Exit: Suggests to sell all existing quantities
• Add: Indicates to buy additional quantity
• Reduce: Indicates to sell partially
These definitions are indicative and should be interpreted in the context of the specific research communication.
19. GRIEVANCE REDRESSAL MECHANISM
Level 1: Contact Forever Research
Email: foreverresearch49@gmail.com
Phone: +91 98863 73572
Website: https://www.foreverresearch.com/
Level 2: Escalation to SEBI
• SCORES: https://scores.sebi.gov.in
• SMART ODR: https://smartodr.in
20. INVESTOR AWARENESS AND SAFETY MEASURES
Investors are advised to:
• Verify registration of intermediaries through SEBI
• Use only verified payment channels
• Exercise due diligence before investing
SEBI also provides investor awareness tools such as:
• SEBI Saarthi App
• SEBI SCORES platform
• SEBI Check verification system
21. TERMS OF SERVICE
Forever Research offers research services on a subscription basis.
• Nature: Non-discretionary research services
• Mode: Reports may be shared via email or authorized communication channels
• Frequency: As per service plan
No execution, advisory, or portfolio management services are provided.
All services are governed by the terms of service agreed upon in the client agreement, wherever applicable.
22. FINAL DISCLAIMER
Investment in securities markets is subject to market risks. Investors are advised to read all relevant documents carefully before investing.
All investments carry inherent risks, and no assurance or guarantee of returns is provided.
The decision to invest rests solely with the investor.
This report is not directed for access or use by any person or entity in any jurisdiction where such distribution is contrary to law
23. ADDITIONAL INFORMATION
For Terms & Conditions, Disclosures and Disclaimers, Investor Charter, and other information visit our official website: https://www.foreverresearch.com/